1899 $5 Indian Chief - Coin Community Forum

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Author	Replies: 6 / Views: 1,827
CSOTUS Pillar of the Community 1153 Posts	Posted 09/07/2013 09:23 am I found an 1899 Indian Chief at my LCS. I love this note, it was raw, if I had to guess it was somewhere in the neighborhood of an 8-12. They wanted $275. I know pics are always prefered but not possible. The bill itself was fully entact, a vertical line through the middle, and eye appeal was moderate-low. I recently bought a currency price book off Amazon, yet to receive it, but is 275 a fair price for that grade level? They have had it for over a few months so might be able to talk them down to $250 Report this Post to the Staff

fioti Pillar of the Community United States 4212 Posts	Posted 09/07/2013 09:56 am Not much into notes, but the local shop has a graded 12 @ $550. Report this Post to the Staff
hajduk Pillar of the Community Germany 645 Posts	Posted 09/07/2013 11:00 am Congrats, when the bill is really intact than is $275 a very low price. Here are two examples from my collection. The Vernon & McClung Bill was my first Chief. I bought him about 4 Years ago in Germany for $325,00. The Elliot & White Chief is perhaps in a little better condition. I paid $440,00. None of them have cuts or pinholes. Edited by hajduk 09/07/2013 11:08 am Report this Post to the Staff
Master Shake Valued Member United States 80 Posts	Posted 09/07/2013 2:13 pm You don't want a currency price book. The prices in said books are usually quite high. Get a green sheet from greysheet.com. The large majority of books include retail prices that virtually no dealer will get. I would strongly recommend against using a price book as your main source of pricing information. Having said all that $275 is a great price for a 12. Greensheet has a 12 @ $440 and a 8 @ $330. Be sure to check for tears, stains, excessive pinholes or repairs in raw notes as that could explain the low price if it does in fact grade out as a 12. Report this Post to the Staff
CSOTUS Pillar of the Community 1153 Posts	Posted 09/07/2013 2:48 pm Shake, Thanks for the tip on green sheet. I just got electronic copy, wish I would have seen this before I paid for a book. Oh well, will use both. How does a bill get repaired? I know of trimming edges, but are there other ways? Report this Post to the Staff
hajduk Pillar of the Community Germany 645 Posts	Posted 09/07/2013 4:12 pm I think my Chief bills are in better condition. I would grade them in VF ( -20 )condition because the paper is strong and they are without repairs, cuts or pinholes. They were so cheap because I bought them by an German heir. The bills were brought from circulation in the United States to Germany over 80 Years ago. The notes were never in collectors hands and were stored over the years in a bundle of old dollars. I will show you a example for a real good repair. The genuine paper was lost, the restorer took a structure similar paper and fixed it with a rice mash. It was important for me that we not used any kind of chemicals. Only in align for the printed area I bought extra pencils from the craft store and I improvised. Otherwise the bill was not manipulated: No washing, no ironing, and never ever with chemicals. An honest bill with the usual dirt is better for me than a chemically washed bill which is not as it seems. Sorry for my bad English. Report this Post to the Staff
Master Shake Valued Member United States 80 Posts	Posted 09/12/2013 10:23 pm When looking for repairs use a flashlight on the bottom and look for dark spots on the paper that aren't stains. People will use paper mache or something like rice mash to help affix torn off pieces, repair tears, or cover pinholes. they will then draw the design back in, if needed. On many of these bills you can feel the area where the repair is because it will be much harder or feel otherwise "unnatural." I know I'm responding back late, but I hope this helps in the future for what to look for. Report this Post to the Staff
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