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MCrup1

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Journal Entries posted by MCrup1

  1. MCrup1
    1929 $5 FRBN NY star note has been found.
    The first journal entry I wrote on this topic was in November of 2011, promising that I would follow up once I found the last missing piece for my 1929 FRBN NY complete district set. It was in early December 2013 while browsing the 2014 FUN auction catalog, when I knew I had to have this note. Heritage Auctions had the following description, "A very scarce star with a print run of just 24,000 pieces. Track & Price reports only a literal handful of offerings during the past ten years..." With a description like that, I was not sure the next time I would be able to find this elusive star note, so I seized the moment. In addition, presently there are only two pieces in the PMG registry, this note is one and the other being 65 EPQ. Even if the gem example came to auction, it would be out of my budget.
    The note has been accurately graded by PMG, VF 20, with no net grade. Even circulation and broad margins on the reverse, the note maintains much of its originality.
    Please see my registry set. All of the regular issue notes are graded from CU 64 EPQ to Superb Gem 67 EPQ. The only improvement I could see being made is to upgrade the $100 denomination to a full gem example, making every regular issue note either a 66 or 67 EPQ. I have seen NY stars of the 10, 20 and 50 denomination in better grades than what I currently have. Most recently a $50 New York star graded 64 EPQ, which had a realization of over $11,000.
    However, I am now turning my focus to collecting single digit serial numbers for the 1929 FRBNs of New York. Presently I have serial number 4, for the $5 denomination, graded PMG 58 EPQ.
    I hope you enjoy looking at my registry set, I have included pictures of all 10 notes.
    Cheers and happy collecting.

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  2. MCrup1
    A beauty from the very popular CH# 978.
    $20 1902 Plain Back of the National Whaling Bank of New London, Connectiut. My teaser was a bit deceiving because the charter is not popular because of the number, but rather the name of the bank. I knew there was something special the first time that I laid eyes on this note. This was my first encounter with a higher denomination (something other than the usual $5 issue) large size note from this historic institution. I know I will enjoy this note for years to come, as this piece will remain in my permanent collection.
    The note was formerly graded by PCGS as VF 20 PPQ. The grade awarded by PMG is well deserved.
    Thanks for looking.
    Cheers and happy collecting.

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  3. MCrup1
    Possibly one of the hardest small size star notes to obtain...
    I cannot believe how difficult and expensive it is to obtain all of the small size gold certificate star notes! It was not too hard to find the $10 and $20 gold stars respectively in VF condition. They seem to pop up all over the internet auction world, at least in the lower grades. Over this past Christmas I treated myself by bidding on and winning a $50 gold certificate star, graded PMG 12. I was ecstatic when I won the note. Currently PMG lists ten graded $50 gold certificate stars in the census, with Fine 12 being the lowest graded. There is no NET grade for the note, just even circulation that is par for the grade.
    Then of course there is the holy grail of small size stars, the $100 gold certificate star note. I have seen very, very few come to auction in the past five years. This just happens to be how long I have been actively collecting rare paper money. I would not call myself a new-bee, but rather a young aspiring collector. Excuse my digression. Two $100 gold stars have been auctioned off since the beginning of 2012. Both notes were subjectively graded as in fine condition, because neither were encapsulated. One sold in January for $7,500+ and the second sold in the beginning of February for a tad over $10,000. Unfortunately, that is way out of my budget. It is going to be some time before I can complete the denomination star collection for 1928 Gold Certificates. I now have three of the four notes.
    They are as follows:
    $10 - PMG 30 with S/N *00672267A
    $20 - PMG 25 with S/N *00224150A
    $50 - PMG 12 with S/N *00010348A
    Until I finally land the $100 gold star, I will marvel at my current gold star collection. Please check out all of my small size golds in my registry sets.
    Cheers and happy collecting to all.

  4. MCrup1
    One note away from a complete New York district set.
    I've spent the past three years looking for the best series 1929 FRBNs of New York available to the open market. Within the past couple of days I decided to go forward with a Signature Set to showcase my finest examples. I originally started with two denomination sets, one for regular issue and another for stars respectively. I have 9-of-10 notes, all except the $5 star.
    I've been able to find two consecutive $5 regular issue notes; one full gem and one superb gem. The complete regular issue set has notes ranging in grade of 64 EPQ through 67 EPQ. My $10, $20, and $50 stars are all VF 25-35; the $10 is a 30 EPQ. Finally the $100 star has a three digit binary serial number, B00000770*. A note that is desirable to collectors of stars, fancy/low serial numbers or just for rarity.
    The first star that I purchased for my collection was a $50 note. I then submitted it to PMG where it received a grade of F 15. Even though the note is somewhat rare, it is NOT next to unattainable. I knew there was a note out there with a higher grade at a reasonable price that would help the visual appeal of the overall set. Over a year passed before I found a suitable upgrade. After buying, I submitted it to PMG and eagerly waited for the note to go through the grading process. It graded VF 35, higher than all other stars in my collection.
    WIth newly updated sets, I found myself going back and forth to view the denomination sets of (Regular Issue) and (Stars Only). It is logical to create a complete set including stars. I have seen other collectors create sets that have pieces from various districts, stars and non-stars, but few that are solely from one district.
    I have enjoyed building this set and every so often I like to get out all of the notes and display them on my desk. (Even the notes that did not quite make it in the Signature Set). New York has many more notes printed than some of the other districts, but a set near full completion is something that is noteworthy. Please enjoy viewing the scans and comments of all notes.
    P.S. Once I locate the $5 star I will definitely update the set and post a new journal entry.

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