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 Replies: 16 / Views: 3,152 |
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Valued Member
262 Posts |
So I have decided to sell all my coins because I'm just not into them as much as I am collecting paper money. I listed an auction on ebay for my complete set. So I have a question for the more experienced paper money collectors here. Over time I would like to collect as many notes as I can because I love all of them but in your experience what note in the $500-$600 range is the most "valuable" note most "rare" note in your opinion. Which note would you purchase with the money? I was leaning towards a nice 1899 $5 chief silver certificate because I don't have one yet, and a nice bison is not in that price range so what would you recommend in that price range as far as Large size notes go. Over the years what note has held it's value over any other and will continue to thrive? I will update this thread and post the note that I purchase with the money from selling my coins. If they sell that is.  Edited by CollectorKing
03/21/2016 6:39 pm
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Pillar of the Community
United States
4637 Posts |
You can't go wrong with a "Chief" note.
I was going to mention a "Bison" note, both are iconic, but you will get a better example Chief than a Bison for the amount of money you are investing. My advise is to try and get the nicest example of a problem free note with original paper qualities that you can afford. Unless you are buying the note "in person" and know how grade, I recommend buying a 3rd party graded (PMG or PCGS) note with a EPQ/PPQ designation.
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Valued Member
 262 Posts |
Thanks steve. If not the chief maybe a nice 1896 $1 silver cert educational note is in order :) Do not have any 1896 series SC's yet either... Either way I'm gonna have to put some thought and make the best decision for me.. Just thought opinions would be nice
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Pillar of the Community
United States
3843 Posts |
I'm currently considering a XF-40 $10 Gold Cert for my collection. Not quite $500-600 but they are a nice large type note that always seems to be popular.
Edited by Joe2007
03/21/2016 7:42 pm
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Rest in Peace
United States
17900 Posts |
Really not trying to be a buzz kill but I will be surprised if you get your opening bid of $550. There are very few coins with an individual value over $20, and that's really what most folks that are dropping that much cash are looking for.
I would also suggest that if you need to realist, put the inventory in order, cents first by date, etc. They are spread all over in your listing and it makes it difficult for someone to decide on a value.
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Pillar of the Community
United States
3843 Posts |
 Large lots of coins rarely realize the best returns in my opinion. Might make more if you pieced it out. |
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Valued Member
262 Posts |
joe2007- The large size gold certificates are quite nice to look at, a nice 1907 $10 gold cert would compliment my 1906 $20 quite nicely. They are great notes!
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Pillar of the Community
United States
2850 Posts |
I second the Gold Certificate. Got this one around $500.   |
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Bedrock of the Community
United States
94367 Posts |
I strongly advise setting some goals for yourself first. Do you want to collect by type, rarity, denomination, grade, or some combination? What will your budget be once you have sold your coins? How might this budget change over the next 5-10 years? For example, a budget of $500 per year won't go very far in large-size notes, at least not in appealing grades. The two most important factors for potential appreciation are quality and rarity, of course, just like in coins. If I were starting today with your $500-600, I would save up a bit more and buy a TPG 65 PQ Black Eagle silver certificate, or a 1918 Series $1 FRBN in TPG 65 PQ, or possibly a 1917 $2 Jefferson USN again in a TPG 65 PQ holder. There are other possibilities as well. Above all, try to avoid buying something that you know instinctively you will want to upgrade someday. From an old tar -  |
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Valued Member
262 Posts |
Very good advice coinfrog, at least it's a good pov. I haven't been collecting nearly as long at his point as many here have and so far I don't collect by a certain type of anything. I don't collect for investment but rather only because I like US History, I like to collect all kinds of antiques, and especially united states paper money. I find it very interesting and fascinating, cool to look at. I don't collect for anyone else, or to make a buck one day, I collect the notes I collect because simply I enjoy them. Of course I would love to own a note in such high quality ( I have a few) but when it comes to the pricey rarer or large size notes I collect because I think they're cool, I understand the better condition the more of a premium they're worth but again I collect for myself because I enjoy looking at it. Personally I find just as much enjoyment and find a note just as nice to look at in a 35 grade as I do a 66. My budget is about $3000.$5000.- a year (for now). If I could buy a decent looking note for $400 in TPG 35 or spend $700 MORE dollars on top of the $400 because It doesn't have a slight crease, or the corners aren't ever so slightly rounded that's kind of ridiculous to me, or at least this point in collecting. I don't make that much money lol. Maybe the longer I collect things will change as they always do. I definitely have been starting to look for rarity a lot more lately. I take your advice into consideration coinfrog as I do a couple others here with an obvious length of time in the hobby who really know what they're talking about, and I appreciate ALL of it. Edited by CollectorKing
03/23/2016 7:42 pm
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Pillar of the Community
United States
2850 Posts |
I agree CollectorKing. I have very little in high grade large size notes, but I have a large amount of large size notes in mid-grade range. In my opinion these notes have the most character. I also would buy a low grade note for rarity, rather than a high grade common note such as an 1899 $1 'Black Eagle' for example. I like to buy stuff that you can't just go to a coin show/paper money show and pick up on a whim; The kind of stuff you don't see everyday. Searching for those notes is what makes it fun.
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Pillar of the Community
United States
2130 Posts |
as well....Most of my currency collection consist of notes in the VF range. I have grown to really like notes in this grade range. In the VF range they show circulation but still have corners in tact, paper quality is pretty good, and it is just a good looking example of a mid grade note. There is a lot of history in these notes and they are affordable. Everybody's situation is different but if I waited around until I saved enough $$$ for MS65+ notes I would probably not be collecting today as I would have gotten really bored while waiting to save that kind of money! |
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Valued Member
262 Posts |
Right wheatback, also a great point from another great collector. Almost all my notes are mid-grade and they do show character. Enough to show they were circulated and in peoples hand but pulled out soon enough and saved to be very much still enjoyable. I think the worst note I have (condition wise) is the 1934 10 lgs star note I just got last or the 1934 sc $1 star note, but theyre still probably in the low fine grade, I doubt I have anything VG. But still great point.
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Bedrock of the Community
United States
94367 Posts |
Good discussion. I was just offering my point of view like everyone else. It reflects looking back over decades of collecting and thinking of what I might have done differently. Indeed I have many circulated notes as well.  |
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Valued Member
262 Posts |
Sold the coin collection.. Well about 70% of it. Traded 70% of the coins for a Nice 1922 Gold certificate in VF (compliments the 1906), 1928 $50 Gold Demand Note, 1928b LGS $20 both in Fine grade, and about Twenty Misc. $2 red seals from '28-'63 and a couple $1 SC's from '57... Overall pretty happy. There was really only about 5 or 6 coins I really cared for anyhow. Happier with the bulkier Note collection :)
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Bedrock of the Community
United States
94367 Posts |
Good for you - sounds like a nice haul.
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Replies: 16 / Views: 3,152 |
Posted 03/21/2016 6:38 pm
