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 Replies: 44 / Views: 11,179 |
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New Member
 United States
19 Posts |
Quote:
Obviously, Honus Wagner is the king of these, but the Ty Cobbs, etc will always command good money. You mean this guy?  |
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Pillar of the Community
United States
2403 Posts |
Nice card to find. Unfortunately not the really rare one but could still be worth a couple hundred bucks.
Could we see a picture of the reverse?
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New Member
United States
19 Posts |
Quote:
Nice card to find. Unfortunately not the really rare one but could still be worth a couple hundred bucks.
Could we see a picture of the reverse? I didnt take any pictures of the backs but I believe most of them are Piedmont. Ill try and get a picture of the back tomorrow. |
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Pillar of the Community
United States
1316 Posts |
I just think it's awesome you are able to simply whip out a Cobb. That was quite the collection you inherited! My grandfather left me a box of wheat pennies and a stack of charred Morgan's that "survived" an old house fire. Edited by Collects82
09/15/2016 3:47 pm
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New Member
United States
19 Posts |
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Pillar of the Community
United States
1068 Posts |
Wow, what a collection...
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Pillar of the Community
United States
3184 Posts |
wow what an awesome collection of cards and bills your grandfather left you ! Any updates?
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New Member
United States
19 Posts |
Hey guys. Sorry to resurrect an old thread but I would like to reach out to a major auction house to get a better idea of what these bank notes are worth. I did contact a few websites that buy old currency, but was only offered $3,000 for all five. How can I determine what these are worth? Does anyone have a contact?
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Pillar of the Community
United States
7641 Posts |
They are worth what someone is willing to pay for them. A major auction house, with a strong collector base, is going to charge YOU to sell them and charge the BUYER to buy them. That's how they keep the doors open and the owners drive a new Mercedes every year. Those fees combined can easily top 30% of the hammer price. Those fees are factored in by bidders when they calculate their bidding amounts. Like I said last year....you would be better off trying to sell the notes yourself on ebay. Rarity sells and you got rarity with some of these notes. You can auction them with a reserve. You can also do what is called "buy it now" with numbers on the high end of value. If you want to know what these sell for then do some research at HA.com and see what similiar notes from the same banks have sold for. Membership is free and they have a pretty good data base of sold notes over the years. Good luck with whatever you decide! |
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Pillar of the Community
United States
4409 Posts |
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New Member
United States
19 Posts |
There are two records for the $5 Reedy note. One is for $6,000 from 2005 and the other went for $2,000 just this year. That is a pretty wide range. How do I determine what mine is worth? It's strange to only see two of them every sold.
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Pillar of the Community
United States
1316 Posts |
Some of these National Bank Notes are simply that rare, and the few known examples have been tied up in private collections for decades, so there isn't really an auction record to go by.
Of course, it might also mean that it's been so long since one came up, the market demand dried up too when those who might have paid for it got long in the tooth and did something else. The market on these can be wacky.
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Pillar of the Community
United States
7840 Posts |
That is $3,000 more than you had a couple of years ago.
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Pillar of the Community
United States
992 Posts |
You'll make more than $3,000 by putting them on ebay all by your lonesome. Sign up for a PayPal account, link it to a new bank account you don't use normally, for security reasons, and take good photographs of your notes. The more photos, the better. Use a tripod or stand and a good digital camera with a decent lens. Use good 5000K temperature bulbs from the LED shelf at the hardware store to light the notes, you need to show them at their best and not overly brighten up the photos to 'remove' creases and wrinkles. These notes are rare enough that the buyers will accept them as-is, but you need to be forthcoming in presentation. Do put the notes into individual mylar sleeves, and do nothing else with them to imnprove their appearance except turning the bent corners over to present the entire surface of the note to the prospective buyer. Consider having the Natonals graded and certified by PMG or PCGS. That will cost you some money, but prices realized at ebay should be well worth it. You've got some auction histories to use to establish your reserve prices, time to sell if that's what you want to do. |
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Pillar of the Community
United States
7641 Posts |
You do not determine what your item is worth....the market will do that for you. You can establish a reserve price for your items so they don't get given away.
A note that sold 12 years ago and brought 6000$ may have been sold in an "up" market. A note from the same bank that sold for 2000$ this year may have been sold during a "down" market. The market for notes runs in cycles.
You also have to factor in demand. The buyer that paid 6000$ for the first note 12 years ago may also be the buyer that paid 2000$ for the second note 2 years ago. If so, and he buys your note, don''t expect to receive top dollar money for it!
To max your money you have to do all the research, footwork and marketing. If you don't want to do it then that's what the auction houses are for and they have to get a piece of the action for doing it.
Good luck with whatever you decide.
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Posted 09/14/2016 7:11 pm
