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 Replies: 15 / Views: 2,363 |
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New Member
United States
24 Posts |
I am somewhat new to Currency (a little less than a year), and have been investing in coins for about 2 years. I just signed up with PCGS Currency (been with PCGS Coins for over a year). I noticed that PCGS Currency doesn't have a price guide which I was really hoping for. I was wondering what most people use to determine values of National Notes that do not sell very often (books, online sites, anything). I have a 1902 Series $5 Barnwell National note (Charter 11287) that is in VF, possibly EF condition (my best guess would be VF30-VF35). I plan to submit it for grading, but am having a difficult time declaring its value on the submission form? Heritage shows 2 auctions for an F15 note in 2012 for $2,000 another sale in 2010 for $4,000, and another one in 2000 for $12,000 (not sure of the grade for the one that sold in 2000 since it was only mentioned in the notes of the last two sales). Couldn't find any sales on ebay or anywhere else. The PCGS Population is only 2 (both in F15 condition). Since I am new to Currency, I would greatly appreciate any help I can get. Thanks again, Glenn- |
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Pillar of the Community
United States
3843 Posts |
Don Kelly's book on National Bank Notes is a must if you are going to collect Nationals.  to the forum! |
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New Member
 United States
24 Posts |
Thank you for the recommendation Joe. Do you happen to know if that book has estimated values listed based on grade?
Again, thank you for the recommendation.
Glenn-
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Pillar of the Community
United States
3843 Posts |
Quote:
Thank you for the recommendation Joe. Do you happen to know if that book has estimated values listed based on grade?
Again, thank you for the recommendation. I believe that it does. I'm considering getting a copy myself. Amazon has a short description of what the book contains. http://www.amazon.com/Kelly-Nationa...3878-3332067You can also order it on his website I believe. |
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New Member
United States
24 Posts |
Thanks again... I was doing some research on the book... and saw that the last publication was the 6th edition in 2008. So I started to see if I could find a 7th edition... or if one was coming out, and found the below info on the PCGS forum... Looks like their could be an updated version might be coming out under a different publication? Not sure how good they are though compared to Don Kelly. I went to their website but couldn't find anything on an updated book that might be coming out. Don't know if I should wait... or if I should by the Don Kelly book... http://forums.collectors.com/messag...&STARTPAGE=1 |
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Valued Member
United States
239 Posts |
I use Track&Price, a software program that can get a little expensive if you want different types of currency(Nationals, Large Size, Small Size, Colonials) with each type being $150 to download. But it does have great information of all the known notes to sell for each charter as well as when they sold, where, and for how much.
The information for your bank note, charter #11287, First National Bank of Barnwell, SC has only 3 notes reportedly sold. All 1902 $5 Plain Backs, but it only shows 2 different serial numbers(not sure about the 3rd note?) 9093 and 4936. VF price listed as $3150 and EF listed at $4050.
Kelly book only shows 1 value for condition for each type of note, always Fine condition and 11287 shows it to be $7500. This book was written in 2008 like sowolf mentions, which at that time the market was at its highest.
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New Member
United States
24 Posts |
Wow,
Thank you BisonMatt, that was really cool that you looked that up for me. Looks like Track & Price has a 30 day free trial. I am going to try them out for both currency and coins.
Also, I sent Andrew at The National Currency Foundation (the ones taking over for Don Kelly) an email to see if they are going to be publishing a new book anytime soon. I will report back any reply I get.
Thanks again!
Glenn-
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Valued Member
United States
137 Posts |
South Carolina national bank notes are a specialty of mine. I live in SC and keep a detailed census of SC bank notes.
Assuming yours is new to the census, then you would have the 6th note from the First National Bank of Barnwell. When there were 2 known the Kelly value was $7,500. The guide hasn't been updated since a few more have popped up. I have a fine 15 PPQ note as graded by PCGS that I would be thrilled to sell for $3,500.
I hope that helps. In all honesty you aren't adding any value to your note by having it graded, but I understand the compulsion to do so. For the record, the high auction result was when there was just one or two notes known on the bank and a big collector needed one. Now the people who collect the state all have one. It's a great and very rare note, but I am not sure you could sell it for more than about $4,000, and even that might be tough.
I would love to see a picture of your bank note.
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New Member
United States
24 Posts |
So I pulled out the note... I think I may have overestimated the grade (was going from memory). After just looking at it my guess would be VF20 - for some reason I thought it was in better shape. I will post a picture shortly as soon as I figure out how. FYI - It was passed down to me by my Dad who passed away a couple of years ago. Looks like a nice note to keep in my collection. Thanks again for the all of the info.
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New Member
United States
24 Posts |
Here is a picture... sorry about the lighting...   Thank you again for everyone's contribution! Sincerely, Glenn- |
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New Member
United States
24 Posts |
PS - If it isn't too much to ask... I would love to see your note too. Also, I was curious... in all of my research I could only find 2 other notes (Sn#9093 and Sn#4936). You mentioned that there were 5. If you don't mind my asking, how did you find that out?
Thanks again.
Sincerely,
Glenn-
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New Member
United States
24 Posts |
Looks like the SN#'s I had from one of the sites was wrong.... The only SN# that I can find other than mine is A972954H. Not sure on the one that sold for $12K back in 2000?
Thanks again for any help.
Glenn-
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New Member
United States
24 Posts |
So I have a couple more questions... is the Serial Number on mine the "V853358D" number or the "3387" number? I just noticed when I pulled up a picture of one of the ones that sold at Heritage they referenced the 4 digit number as the serial number. Also, I noticed that the Cashier signature on mine is different than the photos I could find on the other Barnwell notes that have been sold in the past. Not sure if that makes a difference? Thoughts?
Thanks again,
Glenn-
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Valued Member
United States
442 Posts |
I'm not sure on most of the questions that your asking but can't wait for someone else to answer them. But it's a really nice note and what is awesome is that the serial number is a radar! I think that would add some value to it if not just a cool factor.
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Valued Member
United States
239 Posts |
The serial number from the one sold in 2000 is #4936(Track & Price).
The lower left serial number is the bank's serial number for this type. The number at the top right is the BEP's serial number for all notes of this type printed.
Cashier signature difference is likely from a change at that job position(hope the first person didn't get fired!).
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New Member
United States
24 Posts |
Just wanted to say thank you to everyone that responded. Sorry I didn't reply sooner, but I was on vacation. The info you provided was very helpful. I am sending in the note to be graded at PCGS... I will let you know what it comes back as.
Thanks again to everyone!
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Replies: 15 / Views: 2,363 |
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Posted 09/16/2013 7:45 pm
