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1899 $5 Chief Silver Certificate, To Send In Or Not?

 
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Author Previous TopicReplies: 7 / Views: 253Next Topic  
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United States
2072 Posts
 Posted 01/13/2022  12:46 pm Show Profile   Check RK55's eBay Listings Bookmark this topic Add RK55 to your friends list Get a Link to this Message
I purchased this over a year ago and tucked it away. My question is for the membership, would the rust spot or stain make this a "comments" if I send it to PMG? It is thru the note, not raised but flush. I think a rust spot but I see no remnants of a paper clip mark.

The note is super crisp, no horizontal folds or vertical. The paper is slightly wavy. 1st signature Lyons-Roberts F-271. Maybe a VF-30?

What would you do? Thanks! RK




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United States
64435 Posts
 Posted 01/13/2022  12:59 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'd say it's definitely worth grading, though it likely won't come back as "original paper quality".
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United States
3531 Posts
 Posted 01/13/2022  2:08 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Cool note. I'm a bit confused though. Notes with no folds (horizontal or vertically) are usually AU and higher. Why do you see it as a VF ? If it were mine I would look into removing the stain myself or having the rust stain removed by a professional. I know someone that could conserve the note.
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United States
2072 Posts
 Posted 01/13/2022  2:33 pm  Show Profile   Check RK55's eBay Listings Bookmark this reply Add RK55 to your friends list Get a Link to this Reply
Hi Steve, I originally thought it would grade AU ish....my concern was the spot reducing the grade. I am a coin collector at heart but have gotten into currency the past few years after 50 years of collecting coins.

I don't think I would attempt to mess with the spot, probably would ruin the note. I had no idea there are people that conserve notes, is it through a currency TPG like they do with coins?
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United States
3531 Posts
 Posted 01/13/2022  3:52 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Many dealers, collectors (including myself) and auction companies use or have used Nancy Poli. Nancy and her daughter are the gold standard in paper restoration. It wouldn't hurt to send her a scan and ask for an estimate. If you do, please let her know Steve in Tampa sent you. http://www.polirestoration.com/services.html
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United States
2072 Posts
 Posted 01/13/2022  6:30 pm  Show Profile   Check RK55's eBay Listings Bookmark this reply Add RK55 to your friends list Get a Link to this Reply
Thank you Steve. I sent an email with a detailed description, it looks like you can't send photos or scans with the initial inquiry, I am sure when I receive a reply back I will be able to do so. I mentioned you recommended her services.

I am curious to see if it can be restored and if it the cost makes sense. I don't plan on selling the note, but it would look nice in the set I am putting together for my grandson.
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United States
4331 Posts
 Posted 01/14/2022  09:54 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
wow that is a beauty. I love these silver certificates. I would send it in for grading so the grandson has a great idea of what his awesome grandpa left him.
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United States
1081 Posts
 Posted 01/14/2022  09:57 am  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
Beautiful note! I have seen a lot worse in PMG's thing. You hold a high standard to be asking if should :)
My hoard of '82s is up to 223! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 16, 1782 x 58, 1882 x 62, 1982 x 37
  Previous TopicReplies: 7 / Views: 253Next Topic  
 
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