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Josh K.In Lew's latest auction he is selling what he has dated a 1923 Babe Ruth Exhibit card. He further states that the card is identical in all respects to the 1921 Exhibit except that the 1923 exhibit has a border. Finally Lew states that there are only 3 (I believe) known copies of this particular exhibit card. I have asked Lew about this as both the standard catalog and old cardboard note that 1921 exhibits come both with and without a border. Lew is essentially claiming that the 1921 ruth did not come with a border even if others did. He has not provided (despite my requests) any information to support his belief.
Finally, I have also seen at least two other ruth exhibits with borders listed as being from 1921. One was sold in a vintage authentics auction and one was on ebay. If these cards are not actually from 1921, at a minimum, this leads me to believe that they are not as rare as Lew indicates.
Any information would be appreciated.