I bought several Lots at recent auctions. Both were run by major Auction Houses who have sound reputations for offering better quality notes. Two of the Lots I bought were graded very badly. One was bought as ‘VF’ but all the notes were AF at best. The other Lot was four EF notes but again, VF and AVF were my grades. This is more than disappointing as all buyers want to be assured that the notes they buy are as described. As a seller and as a member of the IBNS I try hard to be as accurate as possible in my grading and pricing. I believe notes bought from me are as advertised.