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Posted 05/08/2018 5:41 pm
Quote:
"The signatures are Beattie/ Rasminsky..tell me more, I know nothing about notes."
"The signatures are Beattie/ Rasminsky..tell me more, I know nothing about notes."
I apologize for chipping in so late on this old thread but I cannot help myself.
The truth is: if it were a 1967 note in VF it wouldn't be priced any higher than $3.00 (now hearing that you're friends- I seriously doubt your friend would sell a super common 1967 to you for $2 over book!)
They printed 400,000 *A/Y prefix notes (not 40,000) so, trust me, you paid a fair price for it -exactly as others have pointed out to you. I have seen many consecutive *A/Y $1.00 notes so I believe the book is actually liberal in their suggested value. I've seen many high grade original notes sell for 20-25% less book and that is no surprise. You just try to turn around and sell it!
Secondly, I doubt its a true VF, but more likely pressed. This is very difficult to ascertain if you've never collected notes and haven't seen (& felt) several hundred 1954 ones. I'm sure your dealer friend has and knows that the embossing on the note he sold you is likely subtle. Take the note out of its holder and feel along the serial numbers. If you don't feel the impression (embossing) than the note was stuck in some book for years. That doesn't mean the note doesn't look terrific- it probably is clean and has great eye appeal too. But to a collector of paper money, he or she wouldn't likely touch it (if its been processed in any way).
So bottom line: feel free to buy your buddy a coffee (or give him a few of your cleaned/polished coins) if you absolutely must, but don't get any more carried away than that.
