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 Replies: 17 / Views: 2,026 |
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Valued Member
United States
138 Posts |
I do know the grading companies will not recognize this as a binary but I believe it is collectible and with the condition the bill is in I was thinking I should get it graded maybe to add some value?   |
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Bedrock of the Community
 United States
25030 Posts |
It would cost at least $30 + shipping each way to get it graded.
Inordinately fascinated by bits of metal with strange markings and figures
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Valued Member
 United States
138 Posts |
$58 to be exact but that wasn't my question would there be enough value in it for me to get it graded?
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Bedrock of the Community
United States
25030 Posts |
No. Look at ebay "sold listings" to get an idea of what these sell for, and you'll see that it's not cost effective to have it graded. Inordinately fascinated by bits of metal with strange markings and figures
Edited by HondoB
05/22/2023 1:19 pm
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Pillar of the Community
United States
4637 Posts |
While I was still actively collecting, I set a minimum value of $100 on notes I was considering submitting for grading. The OP's note would not be a candidate.
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
5825 Posts |
Quote:No. Look at ebay "sold listings" to get an idea of what these sell for, and you'll see that it's not cost effective to have it graded. I totally agree. |
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Pillar of the Community
United States
1648 Posts |
What you have first is a 'binary' note. This means it has two digits 8+2 only. A true binary note is where the serial numbers can only contain 1s and 0s and true binary's tend to be more valuable - enough so to potentially grade them. True binarys are gradable by PMG https://www.pmgnotes.com/news/artic...On-Currency/ Condition also always plays a factor ultimately in determining value. Nowadays, binary serial numbers have been extended to many types, and if the serial numbers consist of two different digits like yours then they are also called binary but have a lower value than a true binary which appeal to serious collectors of fancy serial numbers. These other types of binaries will tend to sell more to casual collectors on places like ebay for a few dollars over face value even in circulated condition and a bit more when in great shape like this one. You can check ebay sold listings for value (not what it listed but currently unsold) as they are regularly sold there so doesn't require lots of research.. I dont think they are going for anywhere near enough to warrant grading fees as mentioned, but a good keeper or can sell if thats what your after. Edited by datadragon
05/22/2023 1:55 pm
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Pillar of the Community
 Canada
9862 Posts |
By definition a binary number is a base 2 number, only 0's and 1's are used,.
"Dipping" is not considered cleaning...
-from PCGS website
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Moderator
United States
187881 Posts |
Quote:
By definition a binary number is a base 2 number, only 0's and 1's are use That is a very narrow definition and thereby an inaccurate statement.  https://en.wiktionary.org/wiki/binary |
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Valued Member
United States
235 Posts |
Also, the margins are not "gem" so there's that....
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Valued Member
United States
138 Posts |
Thank you all for the information.
That is a good idea of having a value of $100 or more to get graded.
I thought margins on this were pretty evenly centered, I will remember not to cut portions off when I crop the photo
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Valued Member
United States
443 Posts |
I agree with all the comments above. Here is one of my Non-True Binary's, not good condition, and will not get it graded.  Here is one of my True Binary's, Nice condition, but still not sure on getting it graded or not.  Here is one of my True Binary's, Great condition, that I did get graded. (I've shown this one before, but now I feel better about it because Steve says if it's worth at least $100 then it meets the criteria to be graded)   I would have spent it if I hadn't spent the money to grade it. Hope all is well with everyone!! |
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Pillar of the Community
United States
1648 Posts |
Quote:
Here is one of my True Binary's, Great condition, that I did get graded. (I've shown this one before, but now I feel better about it because Steve says if it's worth at least $100 then it meets the criteria to be graded)  PMG fees arent quite that bad. $22 for a 1957-present modern worth $300 or less, or $37 for a note valued up to $1000. The issues are that they then add a $10 handling fee to a submission plus you have shipping costs back and forth. https://www.pmgnotes.com/submit/services-fees/pmg/So this generally means that you would want to grade a number of notes together instead of one at a time to spread the handling fee and shipping costs among a number of notes making it less per note. Take the total cost of the $10 handling fee plus all shipping costs and divide by the number of notes you are sending in, then add that amount to each individual notes grading fee cost to see if a note is worthwhile to grade with that total fee for that note or not. Otherwise a single note as you can see as Steve mentioned would have to have some value to it to be worth all those fees for that single note or ultimately you will have a graded note but all the profit potential is gone if thats why you are grading when not just for a personal collection. Edited by datadragon
06/22/2023 6:05 pm
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Moderator
United States
95200 Posts |
agreed, a 'true binary' will consists of only 0's and 1's Now if it were to be a hexadecimal - then it would have the 0's and 1's plus A through F in it as well.. |
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Pillar of the Community
United States
2233 Posts |
Technically if you had a note that started with A through F and ended with A through F it could count.
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Replies: 17 / Views: 2,026 |
Posted 05/22/2023 1:06 pm
