CAA Catalogers = Dumb and Dumber ???

Fortunately (for the consigner) online bidders are much smarter than
the people cataloging small size notes for CAA:

Long Beach Sale:

http://apps.heritagecoin.com/common/...php?SaleNo=354

Check out Lots 15832, 15842, & 15841.

Check the estimates, then figure out why the bids are so high?

Pretty darn funny.

Makes you question why anyone with a small size note collection would
trust these guys to describe your material properly.

(Fiona Always) wrote:
Fortunately (for the consigner) online bidders are much smarter than
the people cataloging small size notes for CAA ...
Makes you question why anyone with a small size note collection would
trust these guys to describe your material properly.

OK lot 15832 says, "... centering is not what it could be,
particularly on the backs of these notes ..." I agree with them that
the problem with the centering is MORE APPARENT from the backs because
we read left to right, perhaps.

Lot 15842 says: "There is substantial handling on each note, and the
centering, especially on the first four notes, could easily be
improved."

How might they do that, "improve the centering?" Is that some new
kind of consevation? When cutting board lumber, we too often make the
same old joke about taking it off this end and putting on the other.

For Lot 15841, I just do not see the problem. You will have to
enlighten me.

Michael
ANA R-162953

(Michael E. Marotta) wrote in message . com...
(Fiona Always) wrote:
Fortunately (for the consigner) online bidders are much smarter than
the people cataloging small size notes for CAA ...

I just do not see the problem. You will have to
enlighten me.

key in on the following:

Check the estimates, then figure out why the bids are so high?

Obviously several bidders figured it out. If you collect small size
paper you should be able to as well.

(Fiona Always) wrote:
Check the estimates, then figure out why the bids are so high?
Obviously several bidders figured it out. If you collect small size
paper you should be able to as well.

Well, okay, you can add me as "Dumbest" to your "Dumb and Dumber."

Estimates are just that. I have seen bidders blow away all estimates.
I have seen lots passed one after the other for not meeting the
reserve.

I did not sit in on the auction at the last ANA but have had done so
at least three times in the past. When I worked at Coin World, I
covered a couple of them, one at the direction of the Trends editor.
I filled my catalog not only with the hammer price, but notes on how
the bidding ran and who was bidding. Of course, most coin clubs have
monthly auctions, and I've sat through many of those, as we all have.

To me, if a lot sells within 20% of estimate, the cataloguers hit the
target.

I do not collect recent American federal money, what you call "small
size notes."

I take it that you are harboring some special insight that will let
you profit from all this, so you are reticent. Is that right?

Michael
ANA R-162953

(Michael E. Marotta) wrote in message . com...
(Fiona Always) wrote:
Check the estimates, then figure out why the bids are so high?
Obviously several bidders figured it out. If you collect small size
paper you should be able to as well.

I do not collect recent American federal money, what you call "small
size notes."

What is so funny is that the "estimates" would have been within the
ballpark if the notes were just what they described them to be. But
they totally missed the signifcance of this small group of 13 Chicago
1928 & 1928A FRNs.

Ever heard of change over pairs (COP)?

Look at the serail numbers on the various notes in each lot. You will
see that the single 1928A (grouped with 2 other notes) actually forms
a reverse COP with the first note on the cut 1/2 sheet of 1928s (1928A
to 1928). Similarly, the last note on that 1928 sheet forms a change
over pair with the first note on the cut 1/2 sheet of 1928As (1928 to
1928A).

Pristine FRN 1928/1928A $5 FRNs COP are far from common and worth a
considerable premium.

Any person holding themselves out as a currency cataloger for a major
auction house should have immediately seen this. To not properly
catalog these is a major screw up. Fortunately for the consigner,
internet bidders noticed.


I take it that you are harboring some special insight that will let
you profit from all this, so you are reticent. Is that right?

Wrong. I am not bidding on them as obviously several internet bidders
have already clued in to the true value of these notes.

(Michael E. Marotta) wrote in message . com...
(Fiona Always) wrote:
Check the estimates, then figure out why the bids are so high?
Obviously several bidders figured it out. If you collect small size
paper you should be able to as well.

I do not collect recent American federal money, what you call "small
size notes."

What is so funny is that the "estimates" would have been within the
ballpark if the notes were just what they described them to be. But
they totally missed the signifcance of this small group of 13 Chicago
1928 & 1928A FRNs.

Ever heard of change over pairs (COP)?

Look at the serail numbers on the various notes in each lot. You will
see that the single 1928A (grouped with 2 other notes) actually forms
a reverse COP with the first note on the cut 1/2 sheet of 1928s (1928A
to 1928). Similarly, the last note on that 1928 sheet forms a change
over pair with the first note on the cut 1/2 sheet of 1928As (1928 to
1928A).

Pristine FRN 1928/1928A $5 FRNs COP are far from common and worth a
considerable premium.

Any person holding themselves out as a currency cataloger for a major
auction house should have immediately seen this. To not properly
catalog these is a major screw up. Fortunately for the consigner,
internet bidders noticed.


I take it that you are harboring some special insight that will let
you profit from all this, so you are reticent. Is that right?

Wrong. I am not bidding on them as obviously several internet bidders
have already clued in to the true value of these notes.

I'm totally in the dark. Change over notes? (COP) I got to get some more
books on paper money. Ed

I'm totally in the dark. Change over notes? (COP) I got to get some more
books on paper money. Ed

Consecutively serial numbered notes with a series change.

--

Brian Blackwell
SPMC 9522 ANA LM2644
My Obsolete Banknotes Page
http://home.att.net/~brianblackwell/obsolete.htm

Hi
Most common Change over pairs were the 1935 d $1 silver certifcates wide to
narrow also the older federal reserve notes where they continued the serial
numbers from one year series to the next
ie 1935 to 1935A
marty