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Which Notes To Have Graded?

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Pillar of the Community
Ceylon62's Avatar
United States
1285 Posts
 Posted 12/18/2010  09:00 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list Get a Link to this Reply
Zee,
The link with the graded (70) notes are a joke. Someone is just putting them in some sort of thingy and selling them.

The 50 star is a "collectible" and as such carries the premium. But the premium is "capped" and one needs to research and come to one's own conclusions as to why.

I would disagree on this -- "certain" 640K or less run stars and "Fancy SN's" are worth premiums. BUT one needs to spend time and research these issues by themselves as most of the books are wrong so to say when it comes to some of these pricing issues. As I have stated before ebay is NOT a good price discovery mechanism.

FWIW, the error note I mentioned earlier in this topic "should" have gone a LOT higher but was overlooked for some reason. In some ways I felt bad for the seller.

Lastly, some notes "MUST" be graded -- ink errors, rare notes etc to remove any "doubt" so that it can be authenticated. Also "preservation" comes to mind for older notes (SN 00001000) and even something like this note below.

https://goccf.com/t/75732
Valued Member
peiper1's Avatar
Canada
59 Posts
 Posted 12/18/2010  09:47 am  Show Profile   Bookmark this reply Add peiper1 to your friends list Get a Link to this Reply
Thank you to all for your feedback and opinions on this issue. I guess the conclusion ultimately is that having certain notes graded comes down to whether one plans to re-sell them, or if they are a particularly scarce example, or hold any sentimental value. I did not realize that having a note graded costs as much as it does, and since I only keep notes for my personal collection (as opposed to holding them as "investments" to be re-sold), there isn't much point in wasting the money.
Pillar of the Community
3660 Posts
 Posted 12/18/2010  11:46 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Bill, the ONLY thing that I can think of is that CGA will grade notes for $20, $25, or $50 each depending upon your desired turnaround time.....However, they will also grade notes for $10 each, but a minimum submission of 25 notes is required to qualify for that $10 rate......the wise submitter who is pressed for time (and had only 22 or 24 notes to have graded), may have just added this one into the submission to achieve that 25 note minimum, thereby saving a bunch of fees on grading.....Just my most logical guess...
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 12/18/2010  12:09 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
I guess that makes sense, and is as good a guess as any. I studied that note trying to figure out why someone bothered to do it. The way it is it wont fit in my currency album so will cut it out and give it a new home to live in.
The Bill Collector
Pillar of the Community
3660 Posts
 Posted 12/18/2010  12:13 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
If it were me, I'd make that new home the cash register at the gas station.....but you might want to wait a few days as am not familiar with newer notes, and someone else here might see something that I do not.

edited to add:

Or, you might list it on ebay, talking up the fact that it is a series 2003 Chicago note of the D-A block.....you never know....some folks will buy anything, (including a holder)....
Edited by zeewool
12/18/2010 12:18 pm
Pillar of the Community
Nickelman's Avatar
United States
1397 Posts
 Posted 12/18/2010  12:21 pm  Show Profile   Bookmark this reply Add Nickelman to your friends list Get a Link to this Reply

Quote:
In some ways I felt bad for the seller


Been there.
More than once I have actually felt guilty when paying for a note, but what goes around comes around. I have sold some things that I lost money on as well. I did exactly what they did... I stuck it in a protected package put postage and insurance on it and sent it on its way.
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 12/18/2010  1:46 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
zeewool,
I realize that it's worth nothing but $ 10., but I collect notes by year and type, at this time I have a complete Small Size year set of $ 10. FRN's from the first year, 1928, to 2006. The only reason I bought it was because I did not have a 2003. I don't doubt that most any post 1995 FRN isn't worth much of anything other than face value, but it fills the hole in the album and it's looks nicer in the album than setting in the bank account.
The Bill Collector
Pillar of the Community
3660 Posts
 Posted 12/18/2010  2:15 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Understood then........get those scissors ready for use (unless anyone can give you a good reason not to).
Valued Member
Money's Avatar
United States
160 Posts
 Posted 12/18/2010  2:16 pm  Show Profile   Bookmark this reply Add Money to your friends list Get a Link to this Reply

Quote:
and in my book you know what your talking about as far as currency collecting goes, that makes you a very smart man


I don't think anybody here would question zee's knowledge. I think zee'z was joking around about the 'man' part lol
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 12/18/2010  5:27 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
OH NO, I make an effort to try an never make that kind of mistake, you mean zee is a, I mean, damn, ok I apologize for making such a dumb mistake, I should have caught on when I said that wheezy and zee are very smart men and zee came back with, "That may be true of wheezy....but I am far from it ( I assure you )". I gotta start using the word PEOPLE.
The Bill Collector
Pillar of the Community
3660 Posts
 Posted 12/20/2010  12:54 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Don't give it a second thought Bill, it really shouldn't matter to anyone here anyway.
New Member
Numiseye's Avatar
United States
47 Posts
 Posted 12/20/2010  05:10 am  Show Profile   Bookmark this reply Add Numiseye to your friends list Get a Link to this Reply
Trying to determine which notes to grade can be somewhat confusing - but if you are looking at this from an investment perspective, IMO, this is my preference:

(1) United States Demand notes of 1864
(2) Any Legal Tender "First Issue" notes.
(3) Compound Interest Notes.
(4) One-Year Interest Bearing Notes (rarest of all issues of American currency).
(5) National Bank Notes of the First Charter Period.

These are pricey, but sometimes you can come across these. Best suggstion I would offer is to get very familiar with paper currency and do some serious research. Who knows-you may have a blessing and inadvertenly come across one at a great price. Good Luck.
Pillar of the Community
3660 Posts
 Posted 12/20/2010  10:04 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Interesting preferences Numiseye..... I like them all too, (but really) the Demand Notes that you refer to are a one year issue, and that year was 1861 (not 1864).... also, the one-year Interest Bearing Notes that you refer to are not anywhere near the rarest of all issues of American currency....they would not even rate in the top ten.....If you have questions about large size notes, feel free to ask, I might have answers.
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 12/20/2010  3:55 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
Thanks for understanding zee, it wont happen again.
The Bill Collector
Pillar of the Community
3660 Posts
 Posted 01/29/2011  9:42 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
So what was the aftermath Bill? Is it now in the album or still in the holder?
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