Here is the ebay seller's ad:
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I received this reel-to-reel tape from the mother of a friend who passed away several years ago. My best understanding is that someone owed the friend a large sum of money and let him keep this tape as collateral but never made good on the loan. This is a reel-to-reel studio tape of Elvis Presley, which was recorded in January and February of 1957 at Radio Recorders Studio in Hollywood, California. It is believed to be one of two back up tapes known as a “safety” in existence. There are twelve songs on the tape. One of the identifying peculiarities of this tape is the between song bantering by Elvis and others in the studio. Another characteristic unique to the tape is an early stop on the cut “All Shook Up” as the tape obviously ran out. This has been verified through BMG/RCA officials. The tape is ¼ inch in width is chocolate in color and has paper splicing between each recording. This paper splicing technique has not been utilized since the 1960’s. The bidder who has the good fortune to purchase this piece of music history should have it professionally re-mastered for preservation purposes. The tape is in excellent condition at the present time but I am told that in time, it will begin to deteriorate. The songs that are included on the tape are as follows:
1. Let’s Have a Party
2. I Believe
3. Got a Lot o' Lotta Livin’ To Do
4. All Shook Up
5. Mean Woman Blues
6. Peace in the Valley
7. I Beg of You
8. That’s When Your Heartaches Begin
9. Tell Me Why
10. Don’t Leave Me Now
11. One Night with You
12. True Love
The tape is a piece of music history and extremely rare-nearly impossible to obtain unless, of course, you can talk BMG/RCA out of theirs. The bidding will begin at $28000. A recent Ebay auction for a Velvet Underground acetate from a 1966 recording session fetched $155,401 (
http://cgi.ebay.com/VELVET-UNDERGROUND-NICO-1966-Acetate-LP-ANDY-WARHOL_W0QQitemZ300054910309QQihZ020QQcategoryZ306QQrdZ1QQcmdZViewItem
This is Elvis uncut and raw as well as the polished product as there are multiple takes of all of the songs on the tape including the ones that were selected to be put on the box set entitled THE KING OF ROCK AND ROLL. This is a once in a lifetime opportunity to own a piece of American music history. I will provide copies of my communications with officials from BMG/RCA that will verify that this is what I profess it to be. Bidders with feedbacks of less than 50 are required to contact me before bidding. I reserve the right to cancel any bids that I consider to be fraudulent, frivolous or in any way unacceptable. Please feel free to contact me with questions.
Under no circumstances does this transaction, when completed, give or imply to give anyone the right to copy, distribute or sell the content of this tape including audio/music/conversations heard thereon.
For payment, I will accept a 10% deposit of the agreed upon price with the balance due 24 hours after the completion of the auction in the form of a cashiers check.
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. I have contacted the seller and asked him if it is the Thorne Nogar safety copy session reels 
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