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Looking For Opions On Resent Purchase

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hawk1969's Avatar
United States
82 Posts
 Posted 04/24/2012  8:06 pm Show Profile   Bookmark this topic Add hawk1969 to your friends list Get a Link to this Message Number of Subscribers
I took chance on this note on ebay for $20. The cv is $100 in vg. I have not seen this date anywhere which lead me to believe that it is pretty rare. Let me know what you think. Is this a good deal or to good to be true? look forward to your honest opinions.

Thanks,
Brad

Looking-For-Opions-On-Resent-Purchase

Looking-For-Opions-On-Resent-Purchase
Valued Member
hawk1969's Avatar
United States
82 Posts
 Posted 04/24/2012  8:14 pm  Show Profile   Bookmark this reply Add hawk1969 to your friends list Get a Link to this Reply
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wd1040's Avatar
United States
3098 Posts
 Posted 04/24/2012  8:48 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
I'd would only pay that price if you need to fill a hole really fast. The dates often don't really change the price that much on old goldmarks/papiermarks. If you wait long enough, there's bound to be a 1906 listing with a start price of 99c or so.

The date is quite rare, but the market for these don't seem to be very liquid since some collectors (speaking for myself) just get the cheaper 1910 type and use it as a good-enough filler.

If you're interested, my Krause shows the 1906 note, 7 digit serial as P25. VG 100 VF 200 UNC 400 but old marks rarely reach that price.
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742 Posts
 Posted 04/24/2012  9:24 pm  Show Profile   Bookmark this reply Add lettow to your friends list Get a Link to this Reply
The Krause prices for these notes and other German notes from this period are way too high especially in the lower grades. They jumped enormously in the last edition of the catalog for no apparent reason.
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731 Posts
 Posted 04/24/2012  10:37 pm  Show Profile   Bookmark this reply Add worldnumis to your friends list Get a Link to this Reply
The Krause/Pick catalogue prices for circulated notes of this issue are way off the mark. When this note was initially issued, it had a value equivalent to about $5.00, which was a pretty good chunk of change back then,so not many were saved in new condition. They are truly scarce today.
Most of the issue, though, saw wide circulation for many years,up to the inflationary period in the 1920s, when almost all currency lost it's value. By that time most of the 1906 issues were well worn, and that is what is usually available today. Your note in fine or so condition, should be available in the $3-$5 range or less. It is doubtful that even a new one would approach anywhere near the catalogue prices quoted.
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