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#1
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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. |
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#2
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#4
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#5
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(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. |
#6
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(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. |
#7
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I'm totally in the dark. Change over notes? (COP) I got to get some more
books on paper money. Ed |
#8
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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 |
#9
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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 |
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