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<p>[QUOTE="Payton, post: 763806, member: 22129"]*************************************</p><p> </p><p>Well yes, but clearly CXX has been given the heave ho by all of the major auction houses for all the right reasons. Any big player knows the aweful, slimy under the table crap that's been going on for years. The fact of the matter is that there are so many doctored and intentionally overgraded notes floating around that experienced bidders just consider them a coin flip as to rather their on the up and up. </p><p>Seriously, when you bid on a note graded by the top 2 TPG's isn't your piece of mind like 1000% higher than the CXX graded note? Over the years there were so many CXX graded notes returned from furious winning bidders that ALL the major houses had to ban CXX to preserve their integrity. Also, just prior to this, very few bidders were even bidding on the CXX junk because of the reserve. What followed was the real clue. For nearly identical notes graded by CXX and the others, the reserve on the CXX was 20% lower. What does that tell you!!</p><p> </p><p>Have fun.[/QUOTE]</p><p><br /></p>
[QUOTE="Payton, post: 763806, member: 22129"]************************************* Well yes, but clearly CXX has been given the heave ho by all of the major auction houses for all the right reasons. Any big player knows the aweful, slimy under the table crap that's been going on for years. The fact of the matter is that there are so many doctored and intentionally overgraded notes floating around that experienced bidders just consider them a coin flip as to rather their on the up and up. Seriously, when you bid on a note graded by the top 2 TPG's isn't your piece of mind like 1000% higher than the CXX graded note? Over the years there were so many CXX graded notes returned from furious winning bidders that ALL the major houses had to ban CXX to preserve their integrity. Also, just prior to this, very few bidders were even bidding on the CXX junk because of the reserve. What followed was the real clue. For nearly identical notes graded by CXX and the others, the reserve on the CXX was 20% lower. What does that tell you!! Have fun.[/QUOTE]
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