FRN - HERITAGE AUCTIONS - LESSON LEARN
As notes in my last jonrnal that I am down sizing my collections, with Heritage Auctions handling the sale of my small size notes collections of fives, tens, twenty, fifty and hundreds dollars small size notes sets, all of the notes are PMG graded. The auction is over and a lesson learn, make sure that you put a reserve on all you notes, that will cover the grading fees and a sale price with 15% of the book listed value. Most of the small size tens, twenty fifty and hundreds dollars notes were sold at face value or a net lost of 35% to 85% of net value listed in Standard Guide to Small Size U.S. Paper Money 10th Edition. Also using the green sheet makes no difference if a note is graded or not. The auction is a good place to sale your notes, but make sure that you make the final desision on the lowest sale price for a set of notes to be sold. I had two set that were sold below face value, seven 2009 $20 dollars notes that sold at $117.00 and four $50 dollars 1981 - 1985 notes that sold for $170.00. Also keep in mine to add a 10% seller commission to all sets or lots.
Heritage Auctions is a good auction house for it layout of your collection, and the way they set up the lots within the catalog.
I will use Heritage Auctions in the future to sale more of my collection, but I will set the price. I am a collector, not a dealer, 90% of the notes I had graded to build up the set, I LOVE the hobby, but I will not give-a-way my work, on building a good set of notes. I have over 875 notes that makeup my one and two dollors collection. I will keep building new set to my collection. I have 390 notes schedule for grading.
Updated on 1/15/14, It good to see some of the notes going to collectors in the registry. I am removing the notes as they are tranfer to other collectors in the registry, to date I have remove 59 notes and 42,763 points from my total score.
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