Teletrade® Begins Currency Auctions

Posted on 7/1/2006

Teletrade®, America's largest telephone and Internet auction company for certified coins, now will conduct auctions of certified paper money. The first Teletrade® Certified Currency Auction will take place on Sunday, September 10, 2006.

Teletrade(Irvine, California) — Teletrade®, America's largest telephone and Internet auction company for certified coins, now will conduct auctions of certified paper money. The first Teletrade Certified Currency Auction will take place on Sunday, September 10, 2006.

"With the increase in activity in the paper money market, we've had many clients ask us to hold auctions for certified currency. Within days of informally telling people we planned to launch the new service, we had over 200 lots consigned for the inaugural currency auction in September," said Ian Russell, Teletrade® President.

One of the items already consigned to the first currency auction is a 1914 $5 Federal Reserve Note (Fr. 851a) graded PMG Superb Gem-67 (being held at right by Ian Russell, Teletrade® President).

"With the wide acceptance of third-party currency grading, this was a logical expansion for Teletrade®. There are a large number of coin collectors who now are active in the paper money market."

Currently we are accepting currency certified by either Paper Money Guaranty (PMG) or Professional Coin Grading Service Currency (PCGS Currency) for consignments to Teletrade® auctions.

"PMG is offering special rates starting at only $12 per item to certify notes consigned to Teletrade®. This is similar to the popular certification discounts available to consignors of coins." said Russell.

Every coin and currency lot includes up to six professional images available for viewing online. Cash advances are also available. Specific information about competitive commission rates and cash advances is available online at www.Teletrade.com/currency, or call Ian Russell or Irma Kane at (800) 949-2646.