In under the wire: Got the P-77!

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Revenant

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Back in early August a P-77 graded by PMG popped up and I got really excited. It would have completed the “Millions” set that PMG featured in an article last year and it would have put me only 1 note away from a complete 3rd dollar set.

https://www.pmgnotes.com/news/article/7791/PMG-Registry-News/

Unfortunately, the note went above $80 (after shipping and taxes) and I let it go. I just couldn’t convince myself to bid higher for it. Letting that go was a bitter pill - I wanted that thing.

A couple of weeks ago, however, with the deadline for the registry awards looming another one popped up with a starting bid of $30. I won it for about $55 after shipping and taxes - a lot better than $75+.

To my great shock and surprise, the note was delivered to my mailbox yesterday, on Thanksgiving day.

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(Side note: I frequently get confused at first glance with the one million P-77 and the ten million P-78 because they're both predominantly blue and they're only one zero away from each other. The P-78 is just darker blues on the whole. You really have to pay attention to the "ONE" and the "TEN.")

(Second Side Note: If this note just had a 0 instead of a 1 or a 1 instead of a 0 it would be a Trinary Radar note. So close and yet... NOPE!)

I know some people like to rag on anything that isn’t a 68 EPQ (:baiting:), but this 67 EPQ is actually TOP POP for this note with a pop of 3 in grade and 10 total graded based on the current population report.

So, with that, the “Millions" set is complete and the only note I lack for the 3rd dollar set is the P-72 - a note I never would have thought of or expected to be the last note outstanding when I started this. However, the P-72 is surprisingly hard to find / get in uncirc condition and PMG-graded examples tend to have asking prices in the $250-350 range. Even raw uncirc examples are usually asking $100-200 and you see heavily circulated rags that have prices of $20-$50 on them.

People are asking that. I see no evidence that the sellers are getting that much / people are actually buying them at those prices.

Still, it makes it difficult to get one. In some ways it makes it harder to swallow that price when I can find no evidence that anyone else is actually paying for that because it makes it feel more like the sellers are just trying to take advantage.

Having finally scored the P-77, having this lone white whale out there is going to have me a little stumped and frustrated. That price feels really really  REALLY steep (especially given that I got my P-1d in 68 EPQ Star for $110 and got a 68 EPQ 20 Trillion also for $110 and we’re talking people asking $350 for a 65 EPQ), but it would complete the set. I just don't know if I'm willing to pay that though.

3rd Dollars Complete:

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I'm very proud of how this set has progressed from the end of 2018 to the end of 2020.

End of 2018, ~30%, 8/27 slots filled. (and, really, this is how we ended 2016 and it didn't change for 2 years)

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Today, Ending 2020, at 96% complete, 26/27 slots filled:

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Millions Set:

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As you might guess from the above shots of the complete 3rd dollar set, the Millions set didn't even exist really in 2016. It was a Billions and Trillions only set back then. I think I just had an empty place-holder set, and now it is complete.

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This also gives me a set that is complete from P-73 to P-104 and the P-72 is the only gap from P-47 to P-104… Somehow I need to find a way to attack that double gap at the P-45 and P-46.. and the P-40… One day. Most of those are another story of sellers wanting way above market rates for notes in grades that are less-than-stellar.

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Congrats on the P-77, patience pays off again. 

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having this lone white whale out there is going to have me a little stumped and frustrated.

You have yours (P-72) and I have mine (P-125). Some of the parallels between our sets make me laugh at myself, I always think its just me. I have two journal entries cued up and if I combined them into one entry it would be very similar to this. One, I'll hold back now, the other I'll publish today or tomorrow. My notes are supposed to be delivered today.:)

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I know some people like to rag on anything that isn’t a 68 EPQ (:baiting:),

Nuh uh, well.... Unless you're talking about the P-99 to Date set, then yes. I can't wait to get rid of those $2 bond and $20 67's and upgrade them. For most modern notes you should be able to get a 68, at low cost.

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1 hour ago, Fenntucky Mike said:

You have yours (P-72) and I have mine (P-125). Some of the parallels between our sets make me laugh at myself, I always think its just me. I have two journal entries cued up and if I combined them into one entry it would be very similar to this. One, I'll hold back now, the other I'll publish today or tomorrow. My notes are supposed to be delivered today.:)

Nuh uh, well.... Unless you're talking about the P-99 to Date set, then yes. I can't wait to get rid of those $2 bond and $20 67's and upgrade them. For most modern notes you should be able to get a 68, at low cost.

Oh yeah. Totally. The other funny thing is both your Ukrainian set and my Zimbabwe set are mostly a mix of 66 to 68 EPQ graded notes with a lone 69 EPQ. My set also has about three 64 EPQs and a handful of 65 EPQs I have mostly just to fill a couple of holes.

At this point the 3rd dollar set, which came into the year at 92%, got one big upgrade and one new note. We'll call that a good year! :D

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On 11/30/2020 at 12:27 PM, Fenntucky Mike said:

This is a label error correct, should be P-48b?

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Sorry, man. I never saw this, but, yeah. That looks like 48b to me, which is a big problem because 48a is a lot rarer.

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3 hours ago, Revenant said:

Sorry, man. I never saw this, but, yeah. That looks like 48b to me, which is a big problem because 48a is a lot rarer.

I was just curious. I'm pretty sure after I posted the question the seller pulled the note then relisted it as a "label error", for slightly more money of course. 

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2 hours ago, Fenntucky Mike said:

I was just curious. I'm pretty sure after I posted the question the seller pulled the note then relisted it as a "label error", for slightly more money of course. 

Oh yeah! It's a less desirable, less valuable note that earns about 5% of the points of the other if the label is correct but PMG made a mistake! Let's pile on and act like some data-entry person at PMG hitting a instead of b makes this very common note somehow more valuable. Never mind that the note is worth about $20-25 on a good day usually. I guess there's a chance that there are slab / holder collectors out there that would like it but I have no interest personally.

A true 48a, with an AA prefix I might add.

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A type B, from the same AW prefix run that the error label note comes from.

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On 1/13/2021 at 1:30 PM, Revenant said:

Oh yeah! It's a less desirable, less valuable note that earns about 5% of the points of the other if the label is correct but PMG made a mistake! Let's pile on and act like some data-entry person at PMG hitting a instead of b makes this very common note somehow more valuable. Never mind that the note is worth about $20-25 on a good day usually. I guess there's a chance that there are slab / holder collectors out there that would like it but I have no interest personally.

That note with the mechanical error just got reposted on ebay, I'd say they have it described fairly now. $30 it could be yours.

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9 hours ago, Fenntucky Mike said:

That note with the mechanical error just got reposted on ebay, I'd say they have it described fairly now. $30 it could be yours.

Meh. Maybe... Not really something I feel a burning need for.

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