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EnigmaticMindx
Valued Member
United States
207 Posts
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Hi, john1 commented on a previous note that I posted and said that it was a trinary. I had no clue what that meant so I did some research and found that it means the serial only has 3 different digits. Do these carry a premium if they are in good condition? So would any serial containing 3 digits be considered a trinary and be collectable regardless of their order? such as 25425455 or 44452542 ?
I also assume that a binary is a serial with only 2 digits, I mistakenly assumed before that a binary note was related to binary code containing only 1's and 0's. Which was partially correct. Also does it still have to be a palindrome? or would something like 46646446 carry a premium?
Sorry for all of the questions, but it's the best way for me to learn and understand something. Thanks :)
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Pillar Of The Community
United States
8273 Posts |
Check out this site. Look on the left side of the page click on binary numbers and check out the other info too. http://www.lewdufault.net/servlet/StoreFrontJohn1  ( I'm no pro, it's just my humble opinion )
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Pillar Of The Community
United States
1220 Posts |
Some trinary notes do carry a small premium in chcu.....it's a hit or miss. I have some $2 chcu notes which are like 00044488, 04448888 etc.
A while back on eBay some trinary chcu $1's sold for between $3 and $7....thats the normal range depending on the numbers. The one that sold for $7 was similar to 00443344 which is also referred to as 4 pair / quad doubles.
Imo, if one is to collect such numbers no point in paying a premium unless the notes are chcu.
Binaries depending on the type of sn ( radar, repeater ) and the digits (zero and one have the highest premiums) would determine the premium. Else regular sn ChCu binaries sell for $8 to $12 a note depending on venue.
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Pillar Of The Community
United States
2268 Posts |
I don't understand why someone would pay that much of a premium, based upon the serial #.
All serial #s are unique, so they realistically shouldn't add any value to it, but based upon demand, anything can be worth much more than it really is. And of course, dealers take full advantage of that. They are the ones pushing it and selling them for unreasonable prices. After many years of it, it becomes normal, which is what has happened.
Edited by wquinn
06/28/2012 2:56 pm
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Pillar Of The Community
United States
3050 Posts |
Quote:
All serial #s are unique, so they realistically shouldn't add any value to it, but based upon demand, anything can be worth much more than it really is. And of course, dealers take full advantage of that. They are the ones pushing it and selling them for unreasonable prices. After many years of it, it becomes normal, which is what has happened.
I understand your confusion. But, from the little I have read Fancy Serial collecting was actually started by collectors not dealers. Besides, they are only worth what someone will pay for them so I would not chastise dealers for jumping on an emerging market. BTW, I do not collect these type of bills.
Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.
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Edited by amida17
06/28/2012 3:08 pm
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Pillar Of The Community
United States
2268 Posts |
Quote:
so I would not chastise dealers for jumping on an emerging market Well, they are the ones selling them at those extremely high prices, so why not?
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Pillar Of The Community
United States
3050 Posts |
Simple really....because people are buying them....
Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.
Douglas Adams
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Pillar Of The Community
United States
3050 Posts |
The collectors are really setting the prices....if they thought they were not worth it they would not pay what dealers ask...
Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.
Douglas Adams
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Pillar Of The Community
United States
2268 Posts |
Not really. Look at what they sell on HSN and numismatic publications. I see it in ads all the time on unique serial #s and how rare they. Of course they are. That is what their intention for having them is. Since a single dealer doesn't have a large supply of them, they can wait until the right buyer comes along and make the huge profit and keep the prices high on them. Since it ties up very little on capital, the dealers can do it very easily.
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Pillar Of The Community
United States
1220 Posts |
Amida, fancy sn collecting has been around for a while. I saw a pic of an old invoice from the 1930's / 40's where particular sn's were noted as "fancy SN's".
It's gained popularity over the years and as you stated collectors of fancy sn's have determined prices. Most dealers will buy and sell for a small profit and are not making huge sums of money dealing in fancy sn's. IF it was easy to make a lot of money then a lot more folks would be doing it.
Also, if folks think premium's on a $1 fancy sn is high then they should check out the premium on a $2 fancy as it can go up exponentially.
It's only in the last few years that some fancy sn collectors have started collecting variations of fancy sn's like trinary's, mixed ladder (0415 2367) etc.
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Pillar Of The Community
Canada
1166 Posts |
In addition to errors, I have a few fancy serial numbered notes. I find them interesting, especially binary radars, repeaters and rotators (and solid numbers).
Low and high numbers also get a premium. This has been the case for at least 100 years, when you see the difference in prices of a #0001 compared to a #6983. There is a substantial premium attached for the low number.
A set of solid numbered notes (all denominations with the same number) gets a big bonus as does a set of solid #'s from 1-9. eg#11111111; 22222222; 33333333 etc.
A set of anything will garner a premium. In my personal collection I've collected U.S. radars #03000030 in most of the denominations. When or if I sell, I will sell them as a set.
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Pillar Of The Community
United States
1220 Posts |
ikandiggit, part of the issue is that some folks are Ignorant of the subject matter (fancy sn's) but yet feel the need to yaya about something they have NO clue about. IF someone posts something that is not in the realm of MY collecting I read, try to understand, educate my self, does anything catch my interest etc and will deviate from my "realm" of collecting not because some said yaya but I like the idea / note etc....based on my personal preference. On the other side...share my knowledge of what I have learnt / figured out etc Totally agree with you in that.... Quote:
A set of anything will garner a premium whether it's currency or coins. I am working on some fancy sn sets.... looking.... Here.... There.... And....everywhere.... and as you can guess it... I cannot find that so called face value / worthless sn anywhere...  . |
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Pillar Of The Community
Canada
1166 Posts |
Totally understand your point, Ceylon62.
Besides collecting currency and coins, I collect cigarette packs from around the world (empty). Completely worthless but interesting to me and I don't concern myself with the potential value of them. I just enjoy them.
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New Member
United States
7 Posts |
I have a $5 bill, serial number 08383083, would that be considered like a trinary repeater?
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Pillar Of The Community
United States
1393 Posts |
I have managed up till now to not post here because to me the word "trinary" is a nonsensical word that started as more of a joke than anything else. So I was trying to not dash anyone's currency finds, but I am finding it ever so difficult to not voice my opinion (and my opinion is exactly what it is). The term binary is a term of course that refers to a number composed of ones and zeros. The term then branched out to include all sets of two different numbers. The term trinary was added to try to make something that has no real value seem valuable. Now don't get me wrong, not all 3 digit numbers are worthless but what I am saying is that if the only redeeming feature of a note is that it has 3 different numbers on it with no other pattern it is not worth buying for any premium. There I said it!  |
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Pillar Of The Community
United States
1220 Posts |
To add to nicks comments,
IMO, recognizing the pattern / does the arrangement of numbers have something going for it / does it have "eye appeal"...comes from having looked at a lot of notes as there is no source that would say this is worth this much etc.
Ebay is a good source to see what sells and what does not by just filtering it for completed listings and modifying your search criteria's.
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Posted 06/27/2012 11:50 pm
