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$50 1985 Star Note Anything Special?

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Pillar of the Community
United States
5861 Posts
 Posted 11/08/2012  2:37 pm  Show Profile   Bookmark this reply Add barryg to your friends list
There are a lot of collectibles forums out there where it is considered bad taste (if not strictly forbidden) to ask how much something is worth. Maybe the idea is that a "true" collector doesn't care about value and is purely motivated by academic interest or something, I dunno.

What I do know, however, is that I am very glad this this forum is not like this. Sure, it can be a bit annoying if some new poster shows up and floods the message boards with requests for free appraisals on all his stuff, but generally it's just members helping members. I try not to ask about value too much, but it's nice to know that not only can I ask, but I can also usually get a helpful response.
Pillar of the Community
979 Posts
 Posted 11/08/2012  3:53 pm  Show Profile   Bookmark this reply Add ckrakowski to your friends list
here is a really important question to ask yourself can you afford to have $50 dollars sitting around? if so then keep it if not then spend it.
Pillar of the Community
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United States
5953 Posts
 Posted 11/08/2012  4:09 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list

Quote:
here is a really important question to ask yourself can you afford to have $50 dollars sitting around? if so then keep it if not then spend it.


that's the question I asked before I posted Can I afford to tie up $50 and the answer was yes but only if it means a return. As it would appear from the answers I have here this is a common Star note with a run of 3.2 million so chances of it ever carrying a significant premium are pretty small so armed with that information my personal best option would be to spend it on something that will have a better chance of appreciating. If I don't the wife will use it for something else like groceries...
Pillar of the Community
United States
1285 Posts
 Posted 11/08/2012  5:29 pm  Show Profile   Bookmark this reply Add Ceylon62 to your friends list
My 2 cents below....

Part of the issue here on currency side is that a VAST majority of items posted here are just worth face value.
But yet folks chime in and say KEEP it / list it on ebay and just post whatever. It's rather silly, borders on total ignorance and utter stupidity.

Perfect example " Nohope asks of the value of the note....yet a link is provided with the run size.

CCF should institute a rule of 2 to 3 posts per day....this will stop a lot of the nonsensical posts in a NY min and NOW

I am going to let these silly puppets down below run a mock.





Edited by Ceylon62
11/08/2012 5:33 pm
Valued Member
United States
486 Posts
 Posted 11/08/2012  5:56 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list
xshift and jbuck,

Sorry if I upset anyone with my opinion.

The reason I pointed nohope to e bay was because he admitted that he had no interest in currency collecting and only wanted to know what it was worth.

Before I mentioned e bay I thought he was becoming interested in currency collecting and did mention that maybe he should buy a book on currency, not necessarily a price guide book but a book that would give him some good info on the different types of currency.

I don't have much use for price guides books myself because it usually takes mouths to get them in print, sometimes prices change a lot before a price guide book gets into the hands of a collector, e bay and other auction sites are more or less in real time so there much more up to date.

Again sorry if my advice was not to liked by some, but I tend to try an help in what I think is the easiest and best way.

I can see a real use for CCF to have a "what's it worth" section for both coins and currency. This would not tie up the regular currency section and questions like what's it worth could be answered without interfering with currency collectors. I've seen other sites that have sections like that and they seem to work just fine.
Again, just my opinion.
Bill Collector
Edited by The Bill Collector
11/08/2012 5:59 pm
Pillar of the Community
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United States
5953 Posts
 Posted 11/08/2012  10:25 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list
The Bill Collector you answers were very much appreciated. I thank you for the time you took to answer my posts. And in retrospect you were probably correct a search on ebay first would have most likely answered my questions.
As for becoming a currency collector you never know maybe one day I will move away from the all consuming obsession that has dictated my collecting habits and branch out into something new. There was a reason behind my posts. if it turned out that any of the notes I posted were actually worth more than Face I would have listed them on CCF auction section.
Valued Member
United Arab Emirates
242 Posts
 Posted 11/09/2012  07:22 am  Show Profile   Bookmark this reply Add James4444 to your friends list
Ceylon62 said:


Quote:
Part of the issue here on currency side is that a VAST majority of items posted here are just worth face value.
But yet folks chime in and say KEEP it / list it on ebay and just post whatever. It's rather silly, borders on total ignorance and utter stupidity.


I always notice that your replies reflect your personality in terms of aggression!

You ALWAYS like "exhibiting" your knowledge and make the other party feels stupid!!

If you would like to play a "Mentor" role, there are many ways to be nice to "ignorant" ppl (as you ALWAYS say/imply) when start enlightening/educating them.

There is NO need at all to call them names (stupid, silly, ignorant ....etc)

Why don't you just simply "IGNORE" such threads/posts and don't reply back?!!

Do you think that by calling them names they will stop?

You and some other members have had pointed out such annoying threads (the way you see it) in SEVERAL threads ...... Point taken, nevertheless, NO action!!

Owner & Moderators do NOT mind posting such questions, so, why keep repeating yourself?!

Why don't you take a lead and post some useful topics to discuss/explain and let "ignorant" (as you call them) gain some of your endless knowledge?!

If your outstanding expertise can't cope with such questions/replies & your abnormal intelligence do not match such illiterate ppl, there is always a way out (you know?!)



Quote:
Perfect example " Nohope asks of the value of the note....yet a link is provided with the run size.


This is an example of the way you providing feedback!!

The other member was trying to help. Even if s/he was at fault, there is a "proper" way to build a productive conversation with him/her ...



Quote:
CCF should institute a rule of 2 to 3 posts per day....this will stop a lot of the nonsensical posts in a NY min and NOW

I am going to let these silly puppets down below run a mock.


Since you are that annoyed of such threads, could you please enlighten the moderators what's the negative impact of such threads on the forum? How many members left the forum because of this? How many stopped posting? How intense such threads on the Forum which might lead to slow down its server for instance?

Maybe, Mathematically ...

Or even Statistically (by taking an independent sample size "population" & calculate the Confidence Interval & Confidence Limits) ...

Otherwise, implementing Six Sigma methodology and its tools would be a much of help ..... perhaps, Moderators will get convinced eventually and start taking some remedy actions

Should you require further assistance/clarifications I would be more than happy to do so


No offense, just my 2 Cents



Cheers
Pillar of the Community
United States
1812 Posts
 Posted 11/09/2012  10:08 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list
I think this note would have commanded a nice premium if this was actually a replacement note inserted between non-star notes, and you had both the note before and after, making a 3 piece set.
Outside of that I would consider spending it...
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United States
1812 Posts
 Posted 11/09/2012  10:32 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list
@John1
I checked out the currency site, clicked onto the Web Notes section and typed in a serial number where the 32 subject sheet for that series had the 3rd printing on the reverse, and received the production run, with no mention of the GP Block ending in 3051 being overprint errors.
They have a "NOTE:" on the page with no mention of the error...
I know it would be very time consuming, but if they added known sheet errors (since they are requesting a complete serial number), it could be a awesome site.
I would offer them all the information on serial number errors I have should they put out a request for public information on errors...
When I have time I'll check out the site for silver & gold certificates and see what's posted...
Pillar of the Community
United States
1285 Posts
 Posted 11/09/2012  11:13 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list
James

Been here long enough to know that nohope's specialty is NOT currency. Yet he was being given misinformation by various folks. That's why I stepped in.

When I first joined CCF one of things I did was to go back and read each and every post that has been made on the currency section from Day ONE. That's one of the ways I taught my self. No I do not claim to be an expert or specialist but do know the area I specialize in which are Fancy SN's and Star notes. Even in those 2 areas I still learn every day by reading, following ebay listings etc.

The main issue here is the misinfo posted on the value of generic notes day in and day out.

BTW, I have made suggestions to for the forum of having sticky topics where folks can go and research notes, started topics to have open discussions etc...to no avail.

I know of some folks who do not post here anymore because of various issues you have noted and I have noted...and do keep in contact with some of them.

Limiting of posts â€" Here is why...a lot of newcomers just post so that they can get 250 posts to jump over on to the BST to buy and sell....This is FACT....week or 2 ago there was an issue with some coin transactions on the BST.

To circle back on point....The misinfo should be dealt with either by the mods / members here. Because someone reading the misinfo MAY go and buy a note that is worth only face value...and then find out it's not worth more than face value...and is going to be turned off from collecting currency....This is MY point.

How you would deal with the misinfo posted...ignore is NOT an option.
Pillar of the Community
United States
3402 Posts
 Posted 11/10/2012  08:27 am  Show Profile   Bookmark this reply Add Kopper Ken to your friends list
Broken Coin:

It is my understanding that star notes are printed separately and are not sequential with regular notes, therefore one would be able to put any sequential notes in front and back and say they came from the saaame run.

KK
Valued Member
United Arab Emirates
242 Posts
 Posted 11/10/2012  08:48 am  Show Profile   Bookmark this reply Add James4444 to your friends list
Ceylon62

"Frequent" Misleading info. &/or Fraud Transactions are OUT of the equation ...

If you had to go through the entire past forum discussions as well as, referring to several sources to gain knowledge, well done and way to go! But, you have to know that your hand fingers are NOT the same.

Besides, it's an established fact that there are "serious" members (collectors) out there who do NOT have the time luxury (that you have had) to do what you did due to some constrains. Thus, sometimes, they need simple and quick answers to their queries.

Needless to mention that they are NOT all "Notaphilists". Some are just simply collectors or investors.

For instance, Why an "author" carried a burden of compiling info. & going through numerous sources and then pouring what was gained in a book and publicize it?

Such an author could simply take YOUR path, gain the knowledge and never spread it (unless s/he was asked, perhaps) and ADVICE the others (like you and me) to go through the same process and suffer!

Thus, there are NO need for books/comprehensive articles to create, and each and everyone has to taste the same sweat you have had to acquire a particular info. &/or to gain such knowledge!

Back to the main topic, I'm talking about members who post threads like "How Much Does It Worth?" or "Should I Keep/Spend It?"

For example:

If I've come across a vintage Dollar which does only worth its face value, and ask members' opinions of whether "I should keep/spend it", then, someone advises me to keep it because it's somewhat valuable, I'm sorry, but, so what?!!

How such an advice would affect me (as an owner) or other members who are reading such threads or even members who have similar examples and decided to keep them as well after reading such an advice?

It's a volatile market condition, as you know.

As far as "How Much Does It Worth?" threads concern, I do NOT see why not "ignoring" them rather than calling them names?!!

Because, it might fire back at you, one day, & then, this forum would turn into a "battle" field.

As far to my knowledge, one of the MAIN objectives of this forum is to break boundaries between members irrespective of their religions, nationalities ...etc, and try to be NICE to each other & HELP each other as well.

Besides, I've clearly mentioned that the way you providing feedback in case you found a member who was at fault in terms of providing irrelevant replies, otherwise, replies which do not add value (the way YOU see it). Well, I'm NOT trying to lecture/challenge you here, but, there is something called "Constructive" feedback, you should try it sometimes (even for infrequent misleading info.)


Cheers
Pillar of the Community
United States
1285 Posts
 Posted 11/10/2012  1:59 pm  Show Profile   Bookmark this reply Add Ceylon62 to your friends list

Quote:
It is my understanding that star notes are printed separately and are not sequential with regular notes,



Large run star notes are distributed in packs of 100 where the bep swaps 100 notes for 100 star notes. The note above is from a large run and is circulated.

Short runs stars are inserted between notes as replacement notes. This is where you would get the before and after note.

James..

When I first joined there was only about 20 plus pages of posts. I did it over 2 weekends / a few hours of reading in total. As per research it does not take a whole lot of time. The net has made it easy to do a whole lot of research really really quick.

Yes, I share my knowledge with other collectors / dealers and still do so and at times we argue and are at odds on what something is worth.

IF you / others want to invest in a currency collection as an investment then I would suggest doing one's own research rather than reading MB for investment advice.

The old saying "A fool and his money are soon parted" comes to mind.

As per the rest of your comments...you yourself have answered the question as to WHY some do not post here anymore.

Below are some comments / observations if you choose to accept them or not.

About 2 years ago..one of the forum members called me in the middle of the day seeing a deal on ebay. He explained to me what it was...I did not need to see pics or the listing. I told him go for it, he bought it while we were still talking and that was one of the best ebay pick ups of all time. BTW, I also told him IF he was not going to buy it I would buy it. In other words I do not mix nor mince words.

Like I said ignore is Not an option....all you do is...sweep it under the rug thinking the problem goes away....it never goes away...it has to be dealt with.

How do you suggest we deal with it on CCF?



Valued Member
United States
486 Posts
 Posted 11/10/2012  2:53 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list
Guys,I'm sorry to say that after being here for a few years I'm thinking of taking a break from this forum.

It seems that there are very few serious Currency Collectors left here that post anything worth while about Currency Collecting. All it's about now is as follows:

What's it worth, What's it worth, What's it worth.
It seems that this forum has become the What's it worth, forum of the Currency Internet World.

I'm more serious about my collecting and don't mind helping out new guys, in fact I've given away a lot of currency to some new members here just to get them started in currency collecting, but this What's it worth thing is getting ridiculous, guys come into this currency section of CCF tell us they have NO interest at all in currency collecting and keep asking the same question, I found this old banknote from 1999 in change, What's it worth, What's it worth.

I really think there are no serious collectors left here and I don't doubt that they left because of the What's it worth kids. So I will be taking a break from CCF as there is not much here to interest serious collectors.

Hopefully one day these kids will realize that it's NOT always about What's it worth, serious currency collecting is more than that. I will stop in every once in awhile just to see if things have turned around and if I can be of some help I'll be more than happy to chime in, but not if it's about What's it worth.
Regards
Bill Collector
Valued Member
United Arab Emirates
242 Posts
 Posted 11/10/2012  4:24 pm  Show Profile   Bookmark this reply Add James4444 to your friends list
Ceylon62 said:


Quote:
Like I said ignore is Not an option....all you do is...sweep it under the rug thinking the problem goes away....it never goes away...it has to be dealt with.

How do you suggest we deal with it on CCF?


Insulting them or underestimating their intelligence is NOT an option as well ...

I have no idea why taking the burden to trace such members and start giving them a hard time and harassing them?!!

As I said, if that really would affect the reputation of the forum negatively, I believe Owner and Moderators would have taken an immediate action instead of leaving it to others to take the lead and try to "fix" the issue the way "they" see it!!

If "Ignore" is NOT option to you for some obscure reasons, have you tried to:

1- Educate the one who requests evaluation by mentioning some facts about this note & NEVER answer his main inquiry when it comes to a "Price" guide for instance?

** You might retort and say, "ppl like these don't read" ... Well, true to some extent .... But, I assure you that other members will go through such useful replies and benefit from it (am one of them, btw)

2- Provide some links (when applicable) to such ppl or recommend a good reference?

3- Change the topic & divert the subject of the thread?

4- Ask challenging questions (in the same thread) relating to the shown note?

** Some members would be very interested in surfing the Internet, go through reference, ask experts just to get answers to your questions (get the best out of them)


Picture this, members want an evaluation for notes, number of relevant replies is Zero or NO replies at all to such threads till they fade away. How long such threads would last?

How hard such members would try to post such threads over & over till they get bored when they receive NO replies or Irreverent answers?

NOW ...

Imagine this, members want an evaluation for notes, they always get harassed or being insulted, yes, some of them might stop or leave, but some, will backfire for sure (battle field).


My 2 Cents

P.S. I'm not an investor, meanwhile, I collect scare-rare notes but don't like buying them over-priced (if you know what I mean?!) ..... Meanwhile, I'm doing my level best to be a true Notaphilist.


Cheers
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