jtryka

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Posts posted by jtryka

  1. Well, there were some developments, apparently the research person found this exact note that was previously graded 25 by PMG that was sold at auction in 2016 for over $2K, but they didn't find the auction where I bought it last year, so I sent them a copy of my invoice and they reversed their decision.  While I appreciate that, I just wish there was a way to be more up front in communicating these things so there are no surprises for me as a customer.  In other interesting items, the grade of this note was the same, but previously they noted minor rust, but now they've removed that notation since the grader thought that with a grade so modest, it doesn't make much difference, so they left it off.  I guess that just shows how much subjectivity there still is on this front.

  2. So I just had an annoying conversation with two people at PMG and honestly I am not sure I how much more failure at customer service I could expect.  I submit notes to use up my grading credit for last year on the economy tier which should take 30 working days, they received them April 2 and send them back May 28, so unless they only work 4 days a week, this is over the tier (but that's not my issue, I am not in a hurry).  Then I get the invoice and it says I owe them an additional $20, so I call their accounting department and a lady tells me sometimes the graders can move notes to a different tier if they think the value is higher than the tier I requested.  This is a note that I paid $850, which is well below the $1,000 limit for the economy tier.  The lady in accounting said I should have received an e-mail explaining what happened, no, the e-mail just said, "Attached is a copy of your invoice" without any explanation.  So the accounting lady transferred me to customer service where the gentleman informed me that the grade probably thought the note was worth more than the $1,000 which is a good thing.  I responded that the note isn't worth more unless someone is willing to pay more, so I asked how much the grader/PMG was willing to pay me for it, since a note or anything else is worth only what someone's willing to pay for it.  Since he explained it was only an "opinion" since they don't buy notes, so again, my opinion and the invoice showing what I paid for it should be sufficient to note the tier I selected, but in any case there should be some explanation, but there was nothing.   This is a minor matter that could have been settled by a simple note saying, "we reviewed this note and our opinion was that it was worth more than the limit, so we will move it to the next tier, hence you owe us $20 more."  But based on this experience, customer service and communication are note PMG's strong suit.  FAIL.

  3. They all have value, the two Federal Reserve notes (the ones with the green seals) are likely not worth much more than face value (though as a collector I would save them since they are cool), the other is a Legal Tender Note, and those are usually worth anywhere from $125 to $150 depending on the wear (it looks like this one has definitely seen some circulation).  Also, if they are looking to sell them, you might list them on the marketplace section as there are folks here that buy and sell.  Hope this helps!

  4. Here are the photos, sorry for the delay as I don't get on here as often as I'd like.  The 2 1000-won notes are from South Korea and the NK notes are 1, 5, 10, 50, 100, 200, 500, 1000 and 5000 won notes.  PM me if you have any questions so I can respond quicker.

    SK1000won.jpg

    NK1-100-200won.jpg

    NK5-10-50won.jpg

    NK500-1000-5000won.jpg

  5. I won this lot in the Lyn Knight Memphis sale last night, I have a reverse change over pair, now I have a forward change over pair to go with it. If only the one missing note was there it would have had both a forward and reverse pair. The photo is from the catalog, which shows the progression well.

     

    162827.jpg.d916a4d301632674f3ccf4dddf1ddfd8.jpg

  6. Your friend needs to be careful, as even the notes that are popular today my not be as popular in a few years. I think in the 1990s large size notes were largely ignored and you could buy a lot for very little money but today they are popular. Like anything else, there is no sure thing. He may also try dipping his toe in the water with stuff from circulation. I have a teller at my local bank and she saves me older notes that come in, nothing too valuable but still fun to get for face and little downside other than inflation. All these things tend to go in cycles, so in the end he needs to enjoy it, otherwise if he's looking for an investment he'd be better off talking to an investment adviser.