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 Replies: 38 / Views: 7,873 |
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Bedrock of the Community
United States
94367 Posts |
Helder - were any of those notes certified?
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Pillar of the Community
 United States
7292 Posts |
Coinfrog neither of the expensive notes where certified. Want me to get you pictures?
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Bedrock of the Community
United States
94367 Posts |
No, that's not it - just wanted to encourage caution about buying expensive CU notes that are not certified.
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Pillar of the Community
United States
7292 Posts |
Quote:
No, that's not it - just wanted to encourage caution about buying expensive CU notes that are not certified. Except in this case, I trust the LCS more than a certified note or coin. Remember I got an AU certified coin that had Verdigris and was worn. Not too mention all the coins that are way over graded. In this example I saw the note myself and looked at it through a loop. That's better than any purchase on the internet in which I use pictures people take that can hide flaws. We see the quality of what is posted on here. |
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Pillar of the Community
United States
4637 Posts |
A Choice-Uncirculated $5 Educational @$6,300 is a great deal. Not to cast concern but there's usually a reason a note worth several thousand dollars or more is not graded.
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Bedrock of the Community
United States
94367 Posts |
Problem is, you may trust your LCS more than a grading service on a raw note, but someone buying it from you probably won't. Does he assign a numerical grade to the Educational, or just CU?
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Pillar of the Community
United States
7292 Posts |
Well I'm not buying a $6300 note no matter the note. The note is just marked CU
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Pillar of the Community
United States
992 Posts |
Yep, no watermelon notes in my future....
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Pillar of the Community
United States
600 Posts |
I think the only thing that sets banknote collecting apart from coin collecting (in terms of being a rich person's hobby) is that many/most people get started collecting coins from change. You can collect for quite a while (especially when you are a kid) just trying to fill out coin folders with all the modern-ish dates/mintmarks. I think there are not many banknote collectors that got started by excitedly collecting all the modern $1 district/block combos from circulation. Maybe I'm wrong. Of course I'm talking about U.S. collections. You can collect a ton of foreign banknotes without spending much money, especially if you travel a bit.
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Pillar of the Community
United States
4637 Posts |
I got my start finding modern fancy and star notes from the cash register where I worked, much like many do searching for coins. Judging by all of the threads started by new members asking about notes they find in circulation, it looks common.
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Pillar of the Community
United States
7292 Posts |
Quote:
I got my start finding modern fancy and star notes from the cash register where I worked, much like many do searching for coins. Judging by all of the threads started by new members asking about notes they find in circulation, it looks common I think many people start with change/notes but to get a collection you need to actually buy notes. There aren't many red seals in circulation. |
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Bedrock of the Community
United States
36844 Posts |
You can build a fairly good sized collection buying notes for a couple dollars or less each.
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Bedrock of the Community
United States
94367 Posts |
Certainly when it comes to Large Size notes (pre-1929), it is much more expensive to own nice circulated examples of most denominations and series types than it is to own comparable examples of any regular-issue US coin series going back to the Civil War (one or two exceptions noted). Many high-denomination notes are impossibly expensive in circulated grades if they're even available at all.
Can't argue that you need more chips to play in the paper money game.
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Pillar of the Community
United States
7292 Posts |
And I want to stress this again, I don't see the "you need only CU notes" at CFF, but at other sites it seems that only "high end CU" notes are relevant.
I understand the cost issue and while I expected my budget of up to $300 would get me a nice set, the prevailing opinion (at the other site) was that you needed only CU notes hence my thread. I'm happy to read that you can get a nice set in circulated condition.
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Pillar of the Community
Canada
5248 Posts |
Any hobby can cost a little or a lot-depending on the form and scope of it. There is no law of nature that says there is only one way to collect notes or coins, or to have any hobby for that matter. .
If you set your sights on UNC grade pre-1900 coins or banknotes, maybe you need to be rich. $1 bills or $1 coins from circulation, no-but they are still perfectly legitimate collections.
You can collect foreign coins, and get thousands of different ones, none of which cost more than 25 cents each. It's still a collection, just not a rich person's collection.
You can even collect cars cheaply-although others might well call it a junkyard.
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Replies: 38 / Views: 7,873 |
First Page
Posted 06/20/2020 11:40 am
