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 Replies: 18 / Views: 2,554 |
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Pillar of the Community
United States
4637 Posts |
I can't believe it didn't get PPQ.what a bummer
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Pillar of the Community
Canada
5239 Posts |
This must have been sitting around in a bank. I can't imagine many people would have put away $50,000 in 1934.
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Bedrock of the Community
United States
94367 Posts |
The concept of grading 100 consecutive notes with an "average" grade is incomprehensible to me, especially with each note likely worth thousands of dollars apiece.
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Pillar of the Community
United States
600 Posts |
I feel like the first thing to do would be to break out that pack and have the notes graded individually.
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Bedrock of the Community
United States
94367 Posts |
I expect this unique pack of early $500 notes to immediately reach a sort of legendary status, with the value having little to do with, say, 100 times the value of an average 64 $500 note. Fair and good. But outside of such an improbable rarity, would you pay a big premium for most consecutive packs with a single "average" grade?
Edited by Coinfrog
02/22/2022 8:05 pm
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Valued Member
United States
116 Posts |
That pack of $500's is drool-worthy!
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Rest in Peace
United States
2668 Posts |
I agree John1, does not compute-does not compute!
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Pillar of the Community
United States
4395 Posts |
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Bedrock of the Community
 United States
12477 Posts |
Quote:
This Series 1934A $500 Federal Reserve Note pack marks the first United States pack encapsulation at PCGS and represents a crossover from an alternative grading service, which had previously holdered each note individually. To me, this calls into question whether this pack can honestly be called "intact."  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
4637 Posts |
These notes sold for just under $200K back in 2005.   |
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Pillar of the Community
United States
7615 Posts |
Just another grading gimmick.
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Pillar of the Community
United States
4691 Posts |
Does it diminish the value of individual notes by "flooding" the market or is it unique on its own and worthy of a value greater than the sum of its parts?
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Pillar of the Community
United States
1374 Posts |
The overall grade of 64 may be optimistic as well. Heritage called the notes UNC to Ch UNC when they auctioned the pack off in 2005, but PCGS indicates the pack averages Ch UNC 64. Either Heritage was conservative, or PCGS is optimistic. I doubt if any of the few collectors with the interest and wherewithal for this item would break the pack out of the slab to see which is the case.
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Pillar of the Community
Canada
5239 Posts |
According to the 2005 auction note, all the notes have minor handling and one has a tear. The wrapper "may" be original. Is this part of an effort to promote collecting of banknote packs?
How many people collect packs of any denomination?
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Pillar of the Community
United States
4637 Posts |
Quote:
How many people collect packs of any denomination? There's a few of us out there. I keep them in Capital Plastic holders I get from Wizard to keep the corners and edges from getting nicked up. All of these are replacement notes.  |
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Replies: 18 / Views: 2,554 |
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First Page
Posted 02/22/2022 7:02 pm
