Has Anyone Sold Currency To Stacks Bowers Currency Auctions?

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Author	Replies: 7 / Views: 3,606
Johnny12345 New Member United States 2 Posts	Posted 11/25/2018 10:27 pm I recently received a 1934 $500 bill in fairly good shape, just three light folds. I'm trying to get a decent price and I searched on line for values and possible places to sale the bill. Stacks Bowers Currency Auctions emailed me and asked for a picture of the front and back of the bill. He then emailed me back that the bill was probably worth about $900 and he would give me $800 for it. When I asked how this would be done he said he would send me the money first through pay pal and then I would ship the bill to their store. It all sounds too good to be true. My question is has anyone used this company (it is a real company out in CA) and sold currencies online with them or does anyone have any suggestions for another place to sale the bill Report this Post to the Staff

jst1dreamr Pillar of the Community United States 509 Posts	Posted 11/26/2018 12:44 am to CCF The value he gave you looks about mid range which seems reasonable. https://www.uscurrencyauctions.com/...ce-guide.htm Stacks Bowers Galleries is a legitimate auction company. I can't tell you more than that about them though except that they are in New York City, NY and Santa Anna, CA. If he pays in advance I don't see reason to worry, I don't think he can take it back from you. Edited by jst1dreamr 11/26/2018 12:52 am Report this Post to the Staff
jbuck Moderator United States 187862 Posts	Posted 11/26/2018 10:33 am to the Community! Your post was moved to the appropriate forum for the proper attention. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
SteveInTampa Pillar of the Community United States 4637 Posts	Posted 11/26/2018 11:15 am Stacks Bowers is legit. It probably wouldn't hurt to counter their offer and try to recoup some of the shipping charges you're going to incur. Report this Post to the Staff
BadDog Pillar of the Community United States 1374 Posts	Posted 11/26/2018 11:51 am Stacks Bowers is a well known and respected auction house/dealer in the industry, but I have no personal experience with them. Whether or not $800 is a fair offer really depends upon the condition of the note. With 3 light folds and no other issues with the note, it would probably grade as extremely fine 40, maybe 45. If I counted correctly, Heritage Auctions has sold 9 series 1934 $500 notes graded by either PCGS or PMG as EF40 in 2018. The auction prices ranged from $1,020 - $1,260 with an average price of $1,126. If you went the auction route and got your note graded then there would be costs involved. Probably 5-10% seller's fee (it's negotiable) and maybe around $60 to ship the note to HA and have them get it graded. So, IF the note graded EF40 (could go higher OR lower) and IF it sold for an average auction price (again, could go higher OR lower), then you MIGHT get $950 for the note. Also, going this route takes time and it could be a couple of months (or more) before you actually got a payment. So, there are risks and time involved in getting the note graded and auctioned but you could end up clearing more than $800, or then again you might get less. If you're a risk taker, and time isn't that much of an issue, then you might want to get the note graded and auction it. If you're risk averse, then IMHO that $800 offer is a fair offer. Best of luck with your decision Report this Post to the Staff
WheatBack Pillar of the Community United States 2850 Posts	Posted 11/27/2018 12:27 pm I've sold them over several thousand through this method. Sent them pics, they offered through PayPal to pay me. I made sure the stuff I was shipping was fully insured and securely packaged. Never had a single problem. They are 110% legit. Edited by WheatBack 11/27/2018 12:28 pm Report this Post to the Staff
Johnny12345 New Member United States 2 Posts	Posted 11/27/2018 8:49 pm Thanks for all the help, I just though it was a little strange that they offered to pay me up front from just a picture. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 11/27/2018 9:07 pm Anything, and I mean anything, Dave Bowers is associated with is absolutely top of the line. to the Paper Money Forum! Edited by Coinfrog 11/27/2018 9:08 pm Report this Post to the Staff
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