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My Pre Fed Note Up For Auction

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Pillar of the Community
Ceylon62's Avatar
United States
1285 Posts
 Posted 07/17/2010  09:03 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list Get a Link to this Reply
What's the "known population" of this note? Sap's initial analysis was about 50 and how does your notes "grade" compare to the known population (this is key)? Subtract out the ones in the museums and government collections as they rarely "ever" come to market. Chances are its nil.

Also it may be worth taking a second look at the grading itself (can it be bumped up?). I would spend a lot of time researching these 2 points by your self and some how confirming it as you and your family have decided to hold. I re read all the old posts and do not see these 2 particular points being raised.

That's a blast that your family has decided to hang on to the note. Now the one's who had the opportunity will not have the same chance for a while. Also if anyone approaches you and your family in a year or so I would tell them that you want a lot more than your initial 25K and I am not being silly.

Spink's auction high end collectibles (stamps, coins, notes etc) and has a loyal following here in the States. Below is their link. Their high end auctions are done in a highly focused theme / manner.

http://www.spink.com/home_page/index.asp

Take Care
Peace
New Member
Australia
34 Posts
 Posted 07/18/2010  02:50 am  Show Profile   Bookmark this reply Add bigdamoc to your friends list Get a Link to this Reply
Thanks for the words. The note got graded I think 6 times, 4 of those gradings were for "better then fine". The people that graded this note wouldve known it was up for auction because they are well known in the industry, they would have received the catologue aswell as I saw a few of them at the auction.
There are a few known notes, not sure of an exact number but in particualar 2 consec numbered ones that got sold for $1,000,000, but these were in the most excellant condition, I think they were graded as unc, and also one that got sold recently for 140k that was graded xtra fine. So even taking all that into account, being passed in at 25k I thought was strange. I wont be selling the note unless someone offers me something ridiculas for it, which I doubt will happen.
Pillar of the Community
Australia
1040 Posts
 Posted 07/18/2010  11:15 pm  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
Just please make sure you store them properly. It would be terrible to pull them out in 10 years and have them fall apart from incorrect storage.
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