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 Replies: 19 / Views: 18,510 |
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Pillar of the Community
United States
2295 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
4897 Posts |
Simple really....because people are buying them....
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Pillar of the Community
United States
4897 Posts |
The collectors are really setting the prices....if they thought they were not worth it they would not pay what dealers ask...
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Pillar of the Community
United States
2295 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
1285 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
1285 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
16 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
1397 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
1285 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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Pillar of the Community
United States
1397 Posts |
When you search notes long enough you will realize that the numbers you thought were a find when you first start are so common they really have no value. The real keepers are the numbers that just don't show up very often and make them a good find. Problem is, since they don't show up very often a person who gets very few notes won't find any of them. That is why words like trinary are born, so that person can have a "find".
I try to never tell a person what to collect or what not to, God knows I keep some silly notes that would raise the eyebrows of my fellow collectors. Collect what makes you happy, it's better to save a note then down the road realize it is just a spender, than to spend it and then realize you should have kept it. So I say save those questionable notes.
Saving money is not a bad thing! As you get more into it you will see that a number with 3 digits are a dime a dozen and you can then use those trinary's to purchase a note that actually has some collectible value.
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Pillar of the Community
Canada
1166 Posts |
As Nickelman said.
After collecting for a few years now, I actually get annoyed at seeing listings like "Mini-Radar", "Mini-Ladder", "Scrambled Ladder","Almost Solid", and "Partial Repeater" etc..
If you're creative enough, you could give almost every sequence of numbers a fancy name and give the illusion it must be collectible.
I search through approx. 50,000 notes per week and you'd be surprised at how common some of the "interesting" notes are.
I've even given up collecting most of the radars unless they are binary and/or repeaters because I find so many of them, most of which are in circulated condition. The premium just doesn't warrant tying up cash just because it's "interesting".
When it comes right down to it, the notes with high values are as such because they are both rare and interesting not just interesting.
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Pillar of the Community
United States
1285 Posts |
ikandiggit,
I take it you are filliping through C$...With all due respect no comparison on Canadian notes which are 7 digits VS USA notes ....8 digits....Ergo, THE mathematical odds of finding a radar up north VS stateside here is a multiple of One in 10 so to say....(rounding). Not sure what I am missing on Canadian repeater sn's.....The 4th / center digit makes no sense...
Do agree that folks / collectors NEED to go through multiple bundles daily to understand / see what comes through on a regular basis.
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Pillar of the Community
Canada
1166 Posts |
You're right, Ceylon. I keep forgetting that we're talking U.S. notes. I do have a collection U.S. errors and radars that I purchased but not found.
The radar/repeater eg. 1414141. These I like to collect regardless of condition.
Sorry for the confusion.
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Replies: 19 / Views: 18,510 |
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Posted 06/28/2012 3:52 pm
