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Taylor Family Collection?

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10cents's Avatar
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 Posted 03/26/2020  4:41 pm Show Profile   Bookmark this topic Add 10cents to your friends list Get a Link to this Message Number of Subscribers
Nice notes guys!

I picked these up in a collection and was wondering if anyone has any information on the Taylor Family Collection? I know it was a large group of error and other rare notes sold by heritage back in 2005. Other than that, I can't find much.

Was it a popular collection before it came to market, or does it hold a premium today?
Thanks in advance! :)


Taylor-Family-Collection?
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SteveInTampa's Avatar
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 Posted 03/26/2020  6:13 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Welcome to CCF @10cents.

From what I remember, Taylor Family was a pseudonym for Sterling Crum, who amassed a large, prestigious collection. Most of his collection was sold privately and some of it was sold (raw) in a 2005 Heritage Signature auction. Many of the notes that sold in 2005 went to CGA to be graded and the notation on the holder was made then. CGA was the dominant third party grader at the time. Today, it's kinda of a good news/bad news scenario....the good news is, the note is an ex-Sterling Crum note, and the bad news is, it's in a CGA holder.
Edited by SteveInTampa
03/26/2020 6:14 pm
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Coinfrog's Avatar
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 Posted 03/27/2020  08:58 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Interesting background, thanks for that.
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 Posted 03/27/2020  10:13 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your reply was split into its own topic for the proper attention.
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10cents's Avatar
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 Posted 03/27/2020  10:22 am  Show Profile   Bookmark this reply Add 10cents to your friends list Get a Link to this Reply
Hi Steve,

Thanks for the help! Would you say that it's a desirable pedigree?

Also, was CGA really bad back then? I'm mostly into coins, so I'm pretty new to paper grading.

Cheers
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SteveInTampa's Avatar
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 Posted 03/27/2020  1:53 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply

Quote:
Thanks for the help! Would you say that it's a desirable pedigree?

Also, was CGA really bad back then?


I have many CGA notes. Some I've crossed to PMG and some remain in the CGA holders. CGA never had a problem with moderns so your notes are fine just the way they are. I'm friends with both the former and current owners of CGA, so I'm slightly biased. It's no different than coin collectors that only trust PCGS & NGC and turn their nose up at ANACS & ICG. The market sets the tone, and when Heritage and the ebay excluded CGA from their auctions, that was the beginning to the slide. It's also economics, when sellers are told their notes will bring more money in PMG or PCGS holders, they cut them out and cross them over. Buy the note, not the holder.

To use a food comparison, several years back Blue-Bell ice cream was contaminated with listeria and sales plummeted. They were able to clean things up and recovered quite nicely. Their product is now back in grocery freezer cases and the Blue-Bell ice cream is back to being considered top tier...CGA never recovered.

Some interesting CGA graded notes,

Taylor-Family-Collection?
Taylor-Family-Collection?
Taylor-Family-Collection?
Taylor-Family-Collection?
Edited by SteveInTampa
03/27/2020 2:05 pm
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Coinfrog's Avatar
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 Posted 03/27/2020  2:18 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
One of the issues is that CGA's centering criteria for uncirculated notes (especially on older generation notes) have not been as rigorous as those used by PCGS and certainly PMG. As a result, when many notes were cut and crossed, they came back a grade or more lower. Bottom line - grade for grade, CGA notes tend to sell at a discount to the other two.

Flip side, these disparities can create value for experienced buyers!
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10cents's Avatar
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 Posted 03/27/2020  4:51 pm  Show Profile   Bookmark this reply Add 10cents to your friends list Get a Link to this Reply
Thanks guys, appreciate the help. :)
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10cents's Avatar
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 Posted 03/28/2020  1:32 pm  Show Profile   Bookmark this reply Add 10cents to your friends list Get a Link to this Reply
the good news is, the note is an ex-Sterling Crum note

Hey Steve, not to belabor the point, but I collect older comic books as well, and having a pedigree on a slab usually adds a premium to the book, does the same apply to bank notes?

Also, would anyone have an approximate value for the Crum repeater? I know it's worth whatever someone is willing to pay, but has anyone seen any comparable sales? I'm wondering if it's worth my time trying to sell before I just put it in storage.

Thanks again everyone.

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SteveInTampa's Avatar
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 Posted 03/28/2020  5:18 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
The third party grading companies are more than happy to add just about any pedigree you ask for. At one time, I was going to add Cigar City Collection as a pedigree to the notes I submitted, but decided against it. I've seen Wall of Greed, Panama Run, Wailuku Hoard and many others. Sometimes a pedigree adds value, but not always. Repeaters and Radars are everywhere these days with some having added features like super repeaters, radar-repeaters, binary repeaters and binary radars and the list goes on. I value your note between $20 - $30 at auction, maybe more in a retail setting.
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