Quote:
Originally Posted by Caseyatbat
I had mentioned the item in question here may have been issued an auction LOA rather than a full LOA because there is evidence in the story that suggests that. The original auction description mentions it has LOA's from so and so. It does not mention whether it is a Full LOA or an Auction LOA, so it could be either.
In the story, it mentions the LOA itself reads that all the autographs are 9's and 10's in the description. This does not happen in a Full Letter. Spence does not "grade" autographs and this service was not available until years after this by any TPA. This would only happen in a Auction LOA, because in an auction letter the entire Lot description is used as the description in the Auction letter. And that sounds like what is going on here to me.
And this should clear up a little about "Auction Letters". They are not issued by the actual TPA. The Auction Letter is actually issued by the Auction House itself. The Auction House uses their own lot description in it, and it is not signed by the TPA either. It contains a facsimile pre-printed version. An auction letter is a way for "The Auction House" to guarantee the item. They guarantee the item to pass a Full LOA from that particular TPA within a certain amount of time (45 or 90 days I believe), or you have the option to return the item to the auction house if not. So the tough part to understand here is, it is not the TPA guaranteeing it is going to pass the full authentication process. It is the Auction House saying it is guaranteed to pass the full authentication or you can return if it does not. So it is very important to get a Full LOA ASAP within the allotted time or you will not have the guarantee anymore from the auction house. Because all an auction letter really is, is a letter from the auction house itself. And of course, we all know how risky that can be when you think about it.
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no it couldn't because there were no auction loa's yet, that concept wasn't invented yet. they were all full loa's back then. show me any auction listing from 1999 to 2001 that says auction loa anywhere. There just wasnt auction loa's back then, there was no 'upgrade service' , give us more money then we will say it is 'really' real.