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Replies: 8 / Views: 1,755 |
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Valued Member
Canada
59 Posts |
I have been collecting US$ notes for the last year or so, and I only buy or keep notes that are in CHCU condition as a minimum. Is this a good strategy, or I am missing out by weeding out the circulated stuff? Any thoughts or opinions would be greatly appreciated !
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Valued Member
United States
176 Posts |
Depends on the note. If it's a newer note and/or of a high print run, there is only going to be a significant premium on uncirculated notes. If the note is older and of a low print run - or a low print star note, sometimes the best condition you can find is "very fine", especially if you are strictly pulling from circulation.
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Pillar of the Community
United States
1397 Posts |
Many of the notes I have I pulled from circulation. The good is that I only pay face value for them, the bad is sometimes the condition isn't always the greatest. But this I know, the satisfaction finding a collectible note in circulation far outweighs the satisfaction from buying the same note.
So I would have to say yes, you are missing out.
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Pillar of the Community
3660 Posts |
A most excellent answer Nick. Most excellent.
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Valued Member
 Canada
59 Posts |
Thanks Nickel, you are of course right that pulling notes out of circulation is far more satisfying than buying them, but living outside the USA makes this a little difficult sometimes 
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Pillar of the Community
United States
1285 Posts |
Well, I pick up Canadian and GBP paying a premium for chcu notes here in the states and on occasion pay a premium for other US notes for my collection.
I was actually thinking about posting something like this here for US $ collectors as to how many actually go out looking to buy CHCU / Unc notes and pay a premium for current notes (excluding Fancy sn's and stars).
I am currently working on getting together all the colorized $5's by block and fed district and do pay a premium for a majority of them.
Yes, from a collecting perspective "current notes" have to be chcu to retain any collector value for the future.
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Valued Member
 Canada
59 Posts |
Thanks Ceylon, I also buy many of my US notes at a small premium, sometimes on e-Bay, more often from various US-based contacts that I have gotten to know. Currently I am trying to get all the 1999-2003A $5's by district, as I find they have more "eye-appeal" than the most recent colorized notes. One interesting thing I have found is that when I travel to the US, I will usually visit a couple of banks and ask for "crisp uncirculated notes", but have had very limited success. Funny thing is that when I do the same here in Canada, more often than not I manage to actually get them .... this doesn't work so well for Canadian $'s however.
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Pillar of the Community
United States
1285 Posts |
On the 5's you are collecting I have a question. For example New York fed (2003A) had 2 blocks DB A and DB B. Do you plan to get one from each OR just any block for that series run? One note or 2 notes. Also IF it is only ONE note does it matter which block you collect meaning is it preferable to stay with the first block (A) or any block for that district IF there was more one block printed. Thanks On another post you had asked about fancy SN's and this link on eaby is a good reference as it relates to US $ sn's. http://reviews.ebay.com/Fancy-Bank-...000001758931
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Valued Member
 Canada
59 Posts |
Hey Ceylon, right now I'm only trying to get one note from each Fed district for each year, doesn't really matter which block. The thing with collecting US notes is that the range of districts, blocks & other variations such as whether the note is DC or FW, is virtually endless, so I guess I have to set a limit somewhere! I also collect radars/repeaters/ladders/fancy #'s & end-pack label sets (mostly for $1 FRN's), so it should keep me busy for a long time. One funny thing: I came across a GEM $1 note recently that was 1 digit off being the EXACT day, month & year of my birthday - what are odds of that?
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Replies: 8 / Views: 1,755 |
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