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 Replies: 31 / Views: 6,187 |
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Pillar of the Community
United States
7840 Posts |
What does the APPARENT mean?  Above the Very Fine 35. I don't believe that I have seen that before on a PCGS currency holder. |
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Pillar of the Community
3660 Posts |
Here is the PCGS definition:
"Any note with a major problem will be placed into a PCGS Currency "Apparent" grade holder with the problem described."
(It means about the same thing as 'details' means on an ANACS coin slab).
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Pillar of the Community
United States
2150 Posts |
Where is the "edge split"? I must be over looking it.
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Pillar of the Community
United States
1285 Posts |
On the description it has "edge split at bottom left". I think they are referring to the black border line being cut off.
If I am not mistaken back then these (notes) were cut by hand. Can someone verify this? Thanks
Peace
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Pillar of the Community
3660 Posts |
Yes Ceylon, they were indeed cut by hand, but that is not what the TPG is referring to as the edge split. The edge split is a tiny tear or cut in the border. In this case it is imperceptible in the bottom left border. You would need note in hand to find it most likely. |
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Pillar of the Community
 United States
851 Posts |
The edge split is at the base of the first fold on the bottom left. Having been offered $2000 for the note should I sell it, hold on to it for a few years or put it in an auction? I figure if someone is willing to pay that much they are counting on the fact that they could sell it for a decent profit.
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Pillar of the Community
3660 Posts |
If anyone offers you $150 (one hundred and fifty) for it, you should jump on it.
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Pillar of the Community
United States
851 Posts |
I was offered amounts ranging from $1200 cash to $2000 in trade. Do you think that the number only adds that little to the value?
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Pillar of the Community
United States
1285 Posts |
Coins, Not sure if you have seen this. There is an auction next week. Attached is the link to notes that look like yours with price estimates having a wide range and lot numbers 420 to 427 should be of interest to you. Hope this helps. http://spinkliveusa.com/catalog/auc...ber=284#0425Zee, Thanks for the tutorial. Peace Edited by Ceylon62
05/08/2010 4:42 pm
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Pillar of the Community
3660 Posts |
The number (if you are talking about the serial number) captures the nearly the total value of this note to someone who would be willing to pay $1250-$2000 for it. With a normal five digit number, the value of this note would be about $50-$75. The PCGS holder probably adds $25 more. PCGS authenticated it, but I recall you mentioning that a major auction house had a very different opinion as to its being genuine. Expect high offers from those who think it is genuine, and frowns from those who feel that it isn't.
Edited by zeewool
05/08/2010 7:09 pm
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Pillar of the Community
United States
851 Posts |
Yes. Bowers and Merena assumed it to be fake because of the Z plate. That was before it was placed in a PCGS holder.
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Pillar of the Community
3660 Posts |
Two opposing opinions; which one do you believe is correct?
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Pillar of the Community
United States
851 Posts |
Well the gentleman who offered me $2000 in trade is a man who specializes in CS notes. He has nothing else other than Confederate issues on his website. I was also offered $500 at a small show when the note wasn't even graded. I believe the opinions of these people first especially since the first made his career around Confederate issues and probably knows what he is doing.
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Pillar of the Community
3660 Posts |
I've had serious doubts about the authenticity of this note for a long time now, and the main reason was the date and the serial number didn't seem to match. I finally zoomed in on the date and see now that what I thought was Aug 28 1862 is actually Aug 26 1862, which would be correct for serial #2. My doubts have been lifted, and I too now believe that the note is legitimate. I can tell you this about your note, the first few hundred T-41 (maybe even the first thousand) were printed on watermarked paper. Hold your note up to the light and you might be able to see the CSA watermark in the paper. Even if you cannot distinguish it, the watermark is probably there. That is most likely what PCGS used to verify it as genuine. I change my vote to 'hold onto this rare note'. Value can only increase on such a jewel.
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Pillar of the Community
United States
851 Posts |
I have looked for the watermark but cannot see one clearly. There appears to be a faint outline of an A at eye level with "Lady Liberty". The A is definitely not a convenient stain . If there is one the PAID stamps are covering it. Do you believe the price I was offered was based off of the # or the watermark or the combination?
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Replies: 31 / Views: 6,187 |
First Page
Posted 05/06/2010 11:48 am
