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Replies: 20 / Views: 26,549 |
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Pillar of the Community
United States
4637 Posts |
Once again, I'm both delighted and encouraged that this project lives on and I appreciate your efforts. But, not to sound argumentative, why do you forecast that possible matching pairs are valued at $15K ? A matching pair recently auctioned for $6K ($7,200 with fees) and I would reason that with more pairs found, that would diminish the value.
As individual notes, they're not errors. The fact that one of them shouldn't exist is what makes them an error pair. And, why the grading companies are not putting both of them in one holder is still a mystery to me. These pairs are primarily only valuable to paper money collectors. Try explaining the error to a non-collector and watch their eyes glaze over as you try to explain their importance. Personally and respectfully, I prefer errors that are visually dramatic and need no explanation.
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Pillar of the Community
 United States
4593 Posts |
It's easy to explain.
What's your license plate?
XYZ-1234
Ok, there's another car out there with the same plate and you are getting all of his red light and parking tickets...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Pillar of the Community
 United States
4593 Posts |
But that can't be.
It's WRONG
Ding ding ding, we have a winner...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Moderator
 United States
189053 Posts |
That is a decent analogy. 
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Valued Member
 Canada
97 Posts |
@SteveInTampa The process of what happens when a pair is found is explained at my site, but the gist of it is that as administrator I am the only one that knows the email contact info of the owners of the notes that would make the matched pair. I would contact both, and ask both if they would like their contact info be known to the other owner (OR I could stay as the go-between if they are super paranoid about something). If BOTH agree then they can hash out amongst themselves what they are going to do like grown adults (an exeedingly rare concept in today's world, but that is a whole rant in itself). Ultimately the ideal is to get both bills in one owner's hands who can the go to auction, or keep it, or whatever. No guarantee that one of the two will balk at selling theirs to the other guy, or that one will be unflinching on a price. As a famous 80s techno song once said, "It takes 2 to make a thing go right." $15,000 is an estimate I got straight from Mr. Winograd, and I have seen the figure bandied about by others as well. The $7200 auction result only happened in the last month or two. I could see a pair getting $15,000 if say the bills were excellent condition and had a serial number like 00000001. There is a 'famous' YouTuber that was using a figure of $150,000 but he just wants views for his videos. To me, an error is an error is an error. Of course these pairs will be valuable to only paper money collectors... much like a 1878cc Morgan dollar is only valuable to a coin collector. Explaining this error to a non-collector is not complicated. Ask anyone what they would think if they pulled out dollar bills in their wallet and they all had the exact same serial number. Most would automatically think the bills were counterfeit, but explain that one was printed in DC and one in Fort Worth, then they 'get it'. EVERYONE understands government ineptitude an incompetence.
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Pillar of the Community
United States
4637 Posts |
Once again @PastExpiry, thanks for your narrative. Let's agree to disagree. I wish you success on your project sir.
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Pillar of the Community
United States
7624 Posts |
Since these things are printed at different BEP facilities, to me, they are not that big of a deal The notes can be told apart by the printing facilities ID letters . either W or FW. All we truly have are notes from two different facilities with identical serial numbers. If someone wants to pay big money for them then good luck down the road with them. Now if they came down the same production line, at the same facility and popped off the press and could not be differentiated from each other then THAT would be something in my eyes. Just wanted to toss in my Two Cents!
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Pillar of the Community
United States
4637 Posts |
When it comes to graded, matched pairs, I've always wondered why they're not holdered together.
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Pillar of the Community
 United States
4593 Posts |
I don't think I've seen a two-bill holder. I did see NGC has a holder for 8.5x11" documents, so size isn't the issue.
I could imagine it would be delivered with two half-sheet pockets and a finished seam in the middle and edges (instead of the bottom and edges). It would take a little more than the average care to get everything inserted correctly oriented for the final seal...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Pillar of the Community
United States
4637 Posts |
I would request that they be encapsulated them similar to this pair.  
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Valued Member
United States
443 Posts |
  This pair is in one holder, from PMG. However PCGS won't put them together, instead they label them one of two, and two of two. I agree with SteveInTampa on not understanding why PCGS won't put them together. But both PMG and PCGS are at least now attributing them as "Production Errors w/ Duplicate Serial Numbers" per Dr. Barts designation, which will be notated as such in his upcoming 5th edition U.S. Currency Errors book, due out this year. As far as the first pair only going for 6k (7.2k w/fees), in my non expert opinion, I think it was because not many people knew about or understood what they were. I recently went to a coin and currency show in Las Vegas, and visited every Currency Vendor in the show. Not one of these Vendors, (so called experts), had even heard of this topic. They were in awe! Again, in my non expert opinion, I think once word spreads to the mainstream and the larger world of high end collectors of hard to find items become educated on this topic, and it's legitimized (as you can see, even some here don't think it's an error) by Dr. Bart, prices will increase. Will they hit the Predicted Highs across the internet, maybe not, but if a really low numbered pair is found like the B00000001*, is ever found, then I think..   But what do I know? Nothing, according to my wife.  Wishing you all a wonderful 2022!
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Moderator
 United States
189053 Posts |
Quote: Apologies for this somewhat duplicate post but I figured not too many would of noticed my announcement that was on page 17 of another thread For reference: http://goccf.com/t/408922 
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Valued Member
United States
74 Posts |
I've been emailed from the administrator of the project I have a potential matching pair but it's been 2+ weeks without further contact and am wondering where to go from here. I can see both matching serial numbers on the spreadsheet / database and have sent confirmation of my bill but nothing else has been sent.
The very interesting thing is that the same person (at least what I can tell from the initials assigned to the person on the spreadsheet) just matched and confirmed ANOTHER bill a couple of weeks before my match. That bill has been confirmed by both parties according to the database, so it seems the other party is at least familiar with the process and is a real person.
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Valued Member
United States
443 Posts |
I have a question for PastExpiry. Are you in anyway related to Eastsidemintcoins, friends, family, business associate?
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Valued Member
United States
357 Posts |
Interesting thread, and nice notes.
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Replies: 20 / Views: 26,549 |
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