Brian,
You keep referring to this guy's "honesty." What makes you so darn certain about his honesty? Did you personally know him well? Or?
And, please tell us what sort of credentials you believe (or know) this guy had insofar as being knowledgeable and experienced re vintage baseball cards? Was he a long-time dealer and/or collector of vintage cards? Is/was he known within the hobby?
My guess is, that while this guy may be as honest as the day is long, he was ignorant with respect to what he had, and therefore he assumed the Herpolsheimers were not legit and wrote his selling prices on the backs of the cards.
Val
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