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True Descending Ladder Note

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United States
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 Posted 12/16/2022  8:15 pm Show Profile   Bookmark this topic Add Sguernsjr to your friends list Get a Link to this Message Number of Subscribers
Hey y'all,

I hope everyone is doing well. Last night I was hunting through $200 in $1's and found a 2017 A descending ladder. F87654321A. I know it may be very valuable. Should I get it graded? If so, PCGS or pmg. Also, where should I sell to get the most eyes on it? Thank you!!



True-Descending-Ladder-Note
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/16/2022  8:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Nice find!. I'll wait for Steve in Tampa to comment on value.



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Valued Member
United States
116 Posts
 Posted 12/16/2022  8:24 pm  Show Profile   Bookmark this reply Add TheSerialFlorist to your friends list Get a Link to this Reply
that is frikkin' cool! wow, great find
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HondoB's Avatar
United States
24952 Posts
 Posted 12/16/2022  8:39 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Excellent find! and to the Forum!
Inordinately fascinated by bits of metal with strange markings and figures
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Canada
5324 Posts
 Posted 12/16/2022  8:46 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
This is really cool to find in the wild !
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United States
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 Posted 12/16/2022  8:47 pm  Show Profile   Bookmark this reply Add Sguernsjr to your friends list Get a Link to this Reply
Thanks y'all!! I probably read the number 50 times to make sure it was what I was seeing LOL
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SteveInTampa's Avatar
United States
4637 Posts
 Posted 12/16/2022  11:36 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Welcome to CCF.
Great find. Uncirculated examples bring $1,200 - $1,800 when graded. I'm guessing the OP's note would fetch a little less than half, because of condition. Having it graded, at either PMG or PCGS, would help potential buyers with concerns about authenticity.
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John1's Avatar
United States
56855 Posts
 Posted 12/17/2022  04:13 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
and I agree with Steve. It is a graeat find and you should put it in a Mylar sleeve asap.Be very careful putting the note in the sleeve,you do not want to damage the corners.
John1
Edited by John1
12/17/2022 04:14 am
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nickelsearcher's Avatar
United States
15392 Posts
 Posted 12/17/2022  04:57 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
to the CCF

Great find! I suggest you follow SteveinTampa and John advise.
Take a look at my other hobby ... http://www.jk-dk.art
New Member
United States
16 Posts
 Posted 12/17/2022  10:10 pm  Show Profile   Bookmark this reply Add Sguernsjr to your friends list Get a Link to this Reply
Thank y'all so much!! I think I'm going to send it in to PMG and get it certified just to add a little legitimacy to it. Where do you recommend putting it up for auction? I usually use ebay, but I've never had something this nice. Lol
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datadragon's Avatar
United States
1648 Posts
 Posted 12/17/2022  11:20 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply


Congrats on the find Some people are comfortable sending items to get graded themselves then listing on ebay, while others are not and choose instead to use a service like Great Collections https://www.greatcollections.com/main-sell or Heritage Auctions as two examples https://currency.ha.com/ If you use ebay you could try first to sell with a buy it now price at a higher price, then move it to a auction if it doesn't move at that higher price.

To add to the great info you've been given. General Value Range is $600-2100. Most of the US currency is usually printed from low serial numbers to the higher. Not every series of currency is printed to full capacity and reaches its maximum printing run of 96000000. Sometimes it will end up somewhere lower than it could which makes the descending ladder scarcer than an ascending ladder. Therefore, the descending serial numbers will tend to have a higher value than the ascending ones. Of course as mentioned condition plays a big part.
New Member
United States
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 Posted 12/18/2022  10:48 am  Show Profile   Bookmark this reply Add Sguernsjr to your friends list Get a Link to this Reply
Thank you!! I'm going to send it off tomorrow for grading and see if I can move it on ebay. If that doesn't work, I'll probably move to heritage. Thank y'all so much!!
New Member
United States
16 Posts
 Posted 12/18/2022  10:54 am  Show Profile   Bookmark this reply Add Sguernsjr to your friends list Get a Link to this Reply
When I get it back from PMG, I'll be back to let y'all know the verdict.
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datadragon's Avatar
United States
1648 Posts
 Posted 12/18/2022  12:14 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Look forward to seeing what it grades at and sells for since its on a recent 2017A series. Just keep in mind that there are costs to grade including also a yearly membership fee, so if you havent graded anything before and dont plan on grading other things later this can add to the total. In that case only or if your ebay account isn't established with decent amount of feedback, compare the fees for grading and also including ebay fees for selling yourself to sending to Great Collections for example who will have it graded at a reduced fee then sell it for auction (minus their fees). Sometimes when theres just one item and a person does not yet have a membership to grade, it can be cost effective and save time just to use the auction sites.
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United States
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 Posted 12/18/2022  1:21 pm  Show Profile   Bookmark this reply Add Sguernsjr to your friends list Get a Link to this Reply
I had no idea! Thank you. I knew I had pay for grading, but I was unaware that there are auction sites that would grade it for me. I think I may go that route to save some money. If I start finding a lot more to be graded then I may consider the membership. Thank you!
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datadragon's Avatar
United States
1648 Posts
 Posted 12/18/2022  9:06 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Memberships are reasonable in pricing, such as NGC/PMG is $25 for a year (Or $149 with $150 credit for those who have a lot to submit) (PCGS is higher and so many wait to use PCGS until they have numerous items and/or higher dollar value items to regularly submit), and a membership would then allow you to send in other items for the remainder of the year for grading. However, if you only have the one item it certainly can be worthwhile to compare to pricing such as Great Collections since they also grade and then sell saving time as well. Just general info for you to decide whats best in your situation.
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