| Author |
 Replies: 19 / Views: 3,350 |
|
Bedrock of the Community
United States
11951 Posts |
First off ... I think I am just a average collector. Meaning I don't often buy many bigger value coin or currency. But I seem to make a lot of smaller value purchases. Most times if I am buying something that I think I may be able to sell at a profit in the future. So here we are. Do others make purchases when something is at a good price. Not that I think I will make any big changes to my collecting style. But I do like to take in others opinions. Here are 8 SC's I picked up yesterday  Maybe I just like having big stacks ..   |
|
|
|
Pillar of the Community
United States
2850 Posts |
Nice haul.
I'm not really into these small silver certificates due to them being so abundant and common. The benefit of this is that it allows people who enjoy them to gather them up like you have.
|
|
Bedrock of the Community
 United States
12816 Posts |
Three of those SCs are in pretty good shape. Nice addition to your stack.
|
|
Bedrock of the Community
 United States
11951 Posts |
Thanks CK ...
Wasn't sure what I wanted to do ...
get star notes .. on left
Or better condition on right ..
so I got a little of each
on right three are 1935 x series
|
|
Bedrock of the Community
United States
94367 Posts |
With a few odd exceptions, most non-star $1 SCs from the '35A series on are worth very little below the grade of XF, and even then the demand is not strong because they are so plentiful in CU (many still exist in straps). The 1928 through 1935 series are much more in demand. I doubt the former group offers any appreciation potential, personally - our LCS gives them out at face value in change. But collect what you like!  |
|
Pillar of the Community
United States
4637 Posts |
I agree with Mr.Frog, collect what you like. I personally do not see any potential profit on notes in this condition. They printed billions and billions of $1 SC's for years and years with nothing changing except the signatures. I am a firm believer in quality over quantity.
|
|
Bedrock of the Community
United States
94367 Posts |
Amen. I think many collectors do start out with quantity but move on to quality if they stay with the hobby. If you like these $1 SCs (I do), then I suggest collecting them in TPG holders. Even in 65PQ many series can be had for less than the original price of the slabbing!  |
|
Bedrock of the Community
United States
11951 Posts |
I thought I would get some opinions ..like above.
As I first posted. There will be a price ... that is a ..yes I will buy that price.
For me .. if something is cheap enough that I can make 30 to 50%, then
many times I will buy it. If something is so cheap and I like it, I might
also buy.
I go to coin shops, flea markets and coin shows multiple times per week.
I am always checking out what people are buying. Sometimes it is crazy
what people are paying at flea markets.
|
|
Bedrock of the Community
United States
94367 Posts |
Not sure what a "good price" means on many of these $1 SCs, but I am concerned that most LCSs would not offer over face for them, and I doubt that will ever change. Perhaps things are different in the flea markets. |
|
Bedrock of the Community
United States
12816 Posts |
Quote:
...I am concerned that most LCSs would not offer over face for them, and I doubt that will ever change. You're right, especially for anything less than AU. The "worry" for collectors of large piles of SCs is that since the market value does not appreciate, inflation saps the value of the $1 face. CU SCs are the best bet if you want to maintain collection value and hope to keep pace with inflaction. But... who cares. There should be an emoticon for "Collect What You Like". |
|
Bedrock of the Community
United States
11951 Posts |
What is a good price ... I work at a coin shop ... I pick them up at a price where I don't feel bad leaving a few of them for tips at restaurants. Of course I am not going to make a lot of money on these. But I will make more than the interest I make on the money I have in the bank. Flea markets are very interesting. I see common coins and notes selling for twice .. or more than coin shops that are less than 5 miles away. We do sell $1.00 SC at the LCS. $2.00 to $3.00 is common. When they really pile up, we will sell on ebay. I did a quick search .. they will sell like this .. or more http://www.ebay.com/itm/U-S-SILVER-...047675.l2557 |
|
Bedrock of the Community
United States
11951 Posts |
Now I am sitting here at work .. thinking it might be hard for everyone
to get good prices. But it does sound like some do.
If your not getting these at face .. or very close ... there is not much
room to make money on them.
All I am saying ... is there is a low price on most items, that leave room
for future profit.
Like wheat cents ... buying in bulk at 5 cents each ..to me ..is not a good
purchase .... buying at 1 1/2 each ... might be tempting.
|
|
Bedrock of the Community
United States
94367 Posts |
I'm all for making money, but the cumulative hours and expense involved in buying, holdering and selling notes like these for a buck profit apiece holds little appeal. |
|
Bedrock of the Community
United States
11951 Posts |
I have nothing but time....
Sorry your so busy, you don't have time to make a dollar.
I am surprised you even took time to write a response.
Edited by GR58
10/13/2016 8:28 pm
|
|
Bedrock of the Community
United States
94367 Posts |
My reply was sincere. We don't need sarcasm, please. If you disagree with my post, just say so - that's fine. Edited by Coinfrog
10/13/2016 8:49 pm
|
|
Bedrock of the Community
United States
11951 Posts |
I disagree with your post
|
| |
Replies: 19 / Views: 3,350 |
Posted 10/09/2016 1:23 pm
