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1914 FRN $50 1039B Note For Grading And Comments

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Pillar of the Community

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 Posted 05/03/2024  5:56 pm Show Profile   Bookmark this topic Add Blastenpene4 to your friends list Get a Link to this Message Number of Subscribers
Found this note just looking around in some dealer's links that I've done business with in the past. I've got an ungraded AU $5 871c and a beautiful $10 PPQ65 907b. I love this series and would ultimately like to find the $20, $50 and the $100, but can't afford the really top notch examples. I know it's practically impossible to grade notes from pictures, but curious as to the thoughts of folks here. My concern is the apparently slightly faded area at the lower right on the blue seal. Dealer offers 30 day returns.
1914-FRN-$50-1039B-Note-For-Grading-And-Comments
1914-FRN-$50-1039B-Note-For-Grading-And-Comments
Edited by Blastenpene4
05/03/2024 5:59 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 05/03/2024  6:28 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Nice-looking note but agree it's tough to grade - maybe EF? We could tell you a lot more if you could get a side lit-image
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 Posted 05/03/2024  11:58 pm  Show Profile   Bookmark this reply Add CoolBreeze to your friends list Get a Link to this Reply
VF35 with comments
Pillar of the Community
United States
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 Posted 05/04/2024  09:40 am  Show Profile   Bookmark this reply Add Blastenpene4 to your friends list Get a Link to this Reply
Getting too expensive. A couple of folks are really going after it. I'm out.
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Coinfrog's Avatar
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 Posted 05/04/2024  10:11 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
So this is an auction? What's the bid?
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igwt79's Avatar
United States
1461 Posts
 Posted 05/04/2024  11:25 am  Show Profile   Bookmark this reply Add igwt79 to your friends list Get a Link to this Reply

Quote:
So this is an auction? What's the bid?


$646.00

https://www.ebay.com/itm/386964871893
Pillar of the Community
United States
959 Posts
 Posted 05/04/2024  1:45 pm  Show Profile   Bookmark this reply Add Blastenpene4 to your friends list Get a Link to this Reply
I'm not comfortable with the weakness at the bottom of the blue seal and "series of 1914" beneath it. Makes me wonder if the note was washed. Note also the lighter vertical area to the left of the left serial number. I'm far from an expert, but my gut tells me that when something looks wrong, it frequently is. Could be fine, but I'm out.
Edited by Blastenpene4
05/04/2024 1:47 pm
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SteveInTampa's Avatar
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 Posted 05/04/2024  1:53 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
I believe the note has had minor work performed on it. There's typically a good reason why a $500+ large size note isn't in a graded holder. Personally, I'd wait for a different example.
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 Posted 05/04/2024  3:27 pm  Show Profile   Bookmark this reply Add Blastenpene4 to your friends list Get a Link to this Reply
Thanks, Steve, for confirming my thoughts. This one's not for me.
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 Posted 05/05/2024  08:48 am  Show Profile   Bookmark this reply Add Blastenpene4 to your friends list Get a Link to this Reply
Sold for $1225. Just crazy money IMHO.
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Coinfrog's Avatar
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 Posted 05/05/2024  09:44 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Steve - why do you think the note has been worked on? Anything in particular, or...?
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SteveInTampa's Avatar
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 Posted 05/05/2024  12:45 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply

Quote:
Steve - why do you think the note has been worked on?

I used the ebay link to view the note and saw what I thought was lightening of note where there were once stained folds, on both sides of the note.
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United States
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 Posted 05/05/2024  3:02 pm  Show Profile   Bookmark this reply Add Blastenpene4 to your friends list Get a Link to this Reply
I feel that I did the right thing to walk away from this one. You guys are teaching me and I appreciate it very much!
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t25135's Avatar
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105 Posts
 Posted 05/06/2024  08:18 am  Show Profile   Bookmark this reply Add t25135 to your friends list Get a Link to this Reply
Probably good that you let someone else have it at that price. T&P had this info for past auction appearances for that note:


1914-FRN-$50-1039B-Note-For-Grading-And-Comments

T&P is a great tool especially if you're wading into the raw note arena.
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Coinfrog's Avatar
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 Posted 05/06/2024  08:54 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Talk about a deceiving picture!
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 Posted 05/06/2024  5:36 pm  Show Profile   Bookmark this reply Add Blastenpene4 to your friends list Get a Link to this Reply
I assume that T&P is a subscription service that I am not familiar with. Again, I have to thank you all for educating me. I'm learning little by little, but raw notes certainly seem to be a crap shoot. I guess your only protection is a 30 day return. That said, I don't want to waste a dealer's time or my own - especially if the dealer is selling a doctored note!
Edited by Blastenpene4
05/06/2024 5:38 pm
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