My question isn't so much what this is but WHY is it on a PCGS note?
The hotel buyers hoard is where someone camped out buying up notes in a hotel, possibly having someone to grade notes along the way or maybe having them all graded when it was over.
Either way, why would PCGS list that info on the slab? If this person was hold up at a garage sales would they put Garage Sale Hoard on it?

