To Cut, Or Not To Cut? Series 1928 $100 FRN Numerical From St. Louis

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Author	Replies: 6 / Views: 1,395
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 05/11/2019 7:00 pm The $100 1928 Series Numerical FRN from St. Louis is a tough customer, with an original print run of just 187K. It has appeared in CU only a handful of times in the last ten years at Heritage, most recently at $4.5K in PMG 64PQ and a whopping $11.4K in PMG 66PQ last year. So here we have another example in a CGA latest-generation holder. Grade aside, the margins are impressive. Should I cut it and submit it to PMG raw? Opinions appreciated. Report this Post to the Staff

jimbucks Pillar of the Community United States 4691 Posts	Posted 05/11/2019 7:06 pm ABSOLUTELY! I think you know that C.G.A. holders (any generation) are viewed as poison by many people -- especially ME! That looks like a nice note, and it should hold its own. I can only presume you paid a discount over the CGA grade for it, I would be disappointed if you didn't! Let us know how it grades out with PMG. If you didn't see the holder, what would YOU grade it? There's are reasons people use CGA and I don't think any of them are good. Edited by jimbucks 05/11/2019 7:08 pm Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 05/11/2019 7:12 pm On to PMG I say,giddy-up John1 Report this Post to the Staff
Greasy Fingers Pillar of the Community United States 7027 Posts	Posted 05/11/2019 11:10 pm Report this Post to the Staff
SteveInTampa Pillar of the Community United States 4637 Posts	Posted 05/13/2019 06:09 am I was out of town and totally missed this thread. What a wonderful example Mr.Frog. I believe it's definitely a candidate for crossing to PMG. Report this Post to the Staff
ckrakowski Pillar of the Community 979 Posts	Posted 05/14/2019 5:49 pm Do not cut. If it grades lower you just lost hundreds or even thousands of dollars in value. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 05/14/2019 6:10 pm Well, I expect it to grade lower. The questions: Will it grade MS, and is it PQ paper? Even in a PMG 65EPQ holder it's worth more than in this holder. Edited by Coinfrog 05/14/2019 6:20 pm Report this Post to the Staff
	Replies: 6 / Views: 1,395

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