PCGS Currency Grades Rickey Collection, Holders Will Not Be Sealed For Lot Viewing
(Newport Beach, California) -- PCGS Currency was selected to grade and authenticate
the notes in the fabulous Rickey Collection that will be offered in a public sale to be conducted by Lyn
Knight Currency Auctions on October 21, 2005.
"We are delighted with this opportunity to examine, grade, and authenticate this
marvelous collection," stated Jason W. Bradford, the Director of PCGS Currency, a division of Collectors
Universe, Inc. (NASDAQ: CLCT). "Some of the greatest rarities in all of currency collecting are
represented, and it was a delight just to view some of these legendary notes."
Included in the collection are numerous landmark rarities that have record-setting
potential. An 1890 $1,000 Treasury Note, one of only three examples of the "Grand Watermelon"
type known in private hands, is included, as are examples of the extremely rare 1863 $500 and
$1,000 Legal Tender Notes. Also graded were a $500 and $1,000 from the 1880 Silver Certificate
Series, each example one of just two notes of each denomination known in private hands.
The total insured value of the approximately 450 notes from the Rickey Collection that were
authenticated was $15 million.
The notes have been graded using the PCGS Currency grading standards, and, as a one-time
special event, were left unsealed in the PCGS Currency holders.
"Leaving the notes unsealed will enable bidders who may be unfamiliar with our grading
standards to closely examine the notes, and will be the ultimate test of our grading standards and
consistency," said Bradford.
"While the regular PCGS Currency guarantee does not apply since the notes are not
sealed in the PCGS Currency holders, the notes sold in this sale may be submitted to PCGS Currency for
sealing free of charge until 30 days after the sale. Assuming the notes are unchanged from the time we
first graded them -- and we will carefully examine the notes when submitted for sealing -- the grades
assigned for the sale will remain the same."
"This is an important event for both PCGS Currency and the collecting community,"
said Bradford. "It is the first major collection of rarities to be graded by PCGS Currency, and is a
solid step toward the acceptance of independent third-party grading in the currency marketplace. We
are delighted that both Lyn Knight and Dave Rickey entrusted us to grade this incredible collection."
The Rickey Collection will be sold on October 21, 2005 at the offices of Lyn Knight
Currency Auctions (www.LynKnight.com) in Lenexa, Kansas.
PCGS Currency Director Jason W. Bradford will be at the sale to answer any questions
regarding grading submissions of notes from the Rickey Collection. He can be reached before
the auction at (949) 567-1166 or via e-mail