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Series 1914 Five Dollar Note (Red Seal)

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Pillar of the Community
barryg's Avatar
United States
5855 Posts
 Posted 09/23/2013  2:45 pm Show Profile   Bookmark this topic Add barryg to your friends list Get a Link to this Message Number of Subscribers
Picked this up from an online auction last week for $580 (which included an 17% "Buyer's Premium"):

Series-1914-Five-Dollar-Note-Red-Seal
Series-1914-Five-Dollar-Note-Red-Seal

It shows evidence of being folded in thirds, but I believe it is otherwise in nice shape. My Red Book lists it at $800 in EF-40, and I'm hoping it is at least that grade. What do you think?

Also, the Red Book lists two numbers for this note issued in New York, F-8333A and F-833B. Any idea how I tell which one this is?

Thanks!
Valued Member
Master Shake's Avatar
United States
80 Posts
 Posted 09/23/2013  3:15 pm  Show Profile   Bookmark this reply Add Master Shake to your friends list Get a Link to this Reply
First of all, you really need to get a better reference guide for what something is worth than RedBook. Pick up a green sheet from greysheet.com. You did fine purchasing this note at $580 if it is a XF grade. Green sheet has it at $580 for bid and $630 for ask. Buying anything at bid is about as good a deal as you can realistically hope to find. However, this note could well grade out worse than you might hope, but it's hard to tell from the scans, to be completely honest. I don't like to offer a concrete grading opinion unless I'm holding the note in my hand. If you want to be sure you can always take it to a TPG.

However it turns it out, it is a nice note and Red Seals are particularly cool. Congrats on the pickup.
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barryg's Avatar
United States
5855 Posts
 Posted 09/23/2013  3:20 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, I was just looking at the Red Book right now. While bidding, I was looking at uscurrencyauctions.com which listed the note (with no variation for different banks) at $1200 in uncirculated, so I figured that in this condition it was probably worth at least $600.

I would have liked to get it for less (the price was below $400 for most of the auction and only jumped up at the very end), but I'm always happy to pay a fair price for a note.

Thanks for the feedback!
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 09/23/2013  4:59 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
That's a very nice lookin' note. No matter what any "grader" says, it has nice eye appeal. Now all you need is the $ 10., 20., 50., and the 100. Red Seals.

What you have is the "F-833-B", the "A" isn't much different, only difference is the A doesn't have the small district letter and number at the top left, not a big deal and the value is about the same for either.

I agree with Master Shake, dump the Red Book,I take it from you buying that note your serious about Currency collecting, get the Paper Money of the United States book by Friedberg, it's where all the F numbers come from and it's the Bible for Info on US Currency, and all the notes are in color. For Pricing get the Green Sheet.
Regards
Bill Collector
Pillar of the Community
barryg's Avatar
United States
5855 Posts
 Posted 09/23/2013  5:13 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
The book I have is actually called "A Guide Book of United States Paper Money" by Arthur L. and Ira S. Friedberg. On the front cover it also says "THE OFFICIAL Red Book." The spine says "UNITED STATES PAPER MONEY."

Is this the same book you are talking about?
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 09/23/2013  5:50 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
barryg,
I don't think it's the same book. I'm not sure what you have but the original Friedberg book was first written by Robert Friedberg back in the early 1950's.

Arthur and Ira were his offspring. It also has a so called price guide along with all the other useful Info, but like any price guide book it's out dated before the ink is dry on the pages, that's where the Green Sheet and Auctions come into play, they provide much more up to date pricing. The copy I have is from 2010 and is the 19th edition, published by the Coin and Currency Institute.

The actual title of the book on the front cover is:
Paper Money of the United Stats. the same title is on the spine. I think it sells for about $ 35. dollars and worth every penny because all the US notes are pictured front and back and there all in color.
Bill Collector
Pillar of the Community
barryg's Avatar
United States
5855 Posts
 Posted 09/23/2013  7:06 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
That sounds just like my book. Plenty of color pictures of the front and back of every note plus prices.
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 09/23/2013  7:19 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
Odd,
That both books would be the same but have different titles, don't know what the Friedberg's are doing or why there would be two of the same book with different titles.

I have a few different editions of the book from different years but they all have the same title ?.
Bill Collector
Edited by The Bill Collector
09/23/2013 7:22 pm
Pillar of the Community
barryg's Avatar
United States
5855 Posts
 Posted 09/23/2013  8:42 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Here's the front cover and a sample page from my book:

Series-1914-Five-Dollar-Note-Red-Seal Series-1914-Five-Dollar-Note-Red-Seal
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 09/23/2013  11:25 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
barryg,
Here's a photo of the 1990 12 th. edition of the Friedberg book and a photo of the 2010 19 th. edition, both were published by the Coin and Currency Institute. All the notes in the 1990 edition are in Black and White, all the notes in the 2010 edition are in Color.

I haven't seen the books in your Photo, are they later than 2010 ?.
Bill Collector

Series-1914-Five-Dollar-Note-Red-Seal

Series-1914-Five-Dollar-Note-Red-Seal
Edited by The Bill Collector
09/23/2013 11:32 pm
Pillar of the Community
barryg's Avatar
United States
5855 Posts
 Posted 09/24/2013  06:49 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Just looked at the copyright page and it cleared things up a bit.

Quote:
(c) 2011 Whitman Publishing, LLC
Material from Paper Money of the United States
1st-19th ed. (c) 2010 Arthur L. Friedberg and Ira S. Friedberg

I think the big difference is simply that my book is paperback (and hence a lot cheaper).
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GoldenChest's Avatar
United States
814 Posts
 Posted 09/24/2013  2:05 pm  Show Profile   Bookmark this reply Add GoldenChest to your friends list Get a Link to this Reply
I have the exact same book as the OP, so I'm curious to know if its accurate as well.
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