In the recently concluded Legendary auction, there were two 1925 Exhibits Lou Gehrig rookie cards. I have attached the scans from the auction. However, as mentioned previously in this thread, I believe that the blue tint card (from this lot listing:
Link) is actually a 1926 Exhibits card and not 1925 since it has that blue tint. (It is a very, very nice 1926 card although I wouldn't be sure that it would deserve the 12K price before BP.) The other Exhibits card has the gray tint (
Link), so I believe that it is correctly labeled as 1925. (Note that I did not win or consign either card.) This would not be the first time that a TPG mislabled a 1925/26 card that has the box since this issue is very confusing for any collector. The Legendary auction did have a number of other 1925/26 lots such as
here or
here2 where it looks like there a mixture of gray and blue tint 1925/26 Exhibits. Likely Legendary pulled the blue tint Gehrig from one of these lots, and sent it to PSA where it came back with the 1925 flip. I did win this 1925 Exhibits Ruth which is gray here
link, but as you can see from the scan in the auction, PSA labeled this card as a 1926 Exhibit.