Sheik Sheck

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Journal Comments posted by Sheik Sheck

  1. Delayed gratification is a bi^ch but I do try my best. Your dilemma describes the pain of collecting to all of us very well. But, every time I have delayed that gratification and saved the shillings for that one beauty, I never, ever have buyer's remorse. I look back 3 years later and say, I loved that note for a reason, and I am so glad I waited and pounced. That's my 2 shillings!

  2. Being number 1 with 160 points is an achievement, no doubt about it. Don't worry about the wife, mine quit speaking to me years ago. She just grunts and snorts when she hands over the cardboard envelope that we both know what the contents are (once she has doused it in disinfectant). Funny how she checks the serial numbers of all her notes and gets excited when she spots a star note. She wasn't too thrilled when I created a note from her home state. :) 

    Bank of Sonora_5 Pesos_Queen_Mexico.jpg

  3. My coin collection has gone stagnant. I bought a couple of coins three or four years ago but none since. Now I find coins terribly boring. I look at every note I get in my change hoping for a great serial number find. I have picked a few interesting numbers but nothing worth much. I picked a few star notes during the pandemic but the condition is so poor they are worth face value. I squirrel them away anyway. That collecting bug is strong! I thought the scales on the labels of the new PMG holders is strange as well! Like they felt compelled to add something to distinguish the previous labels. Here is a note I love. T&P reports hundreds of these notes. I see them quite often but at $90 I couldn't pass up. And then it comes back a GEM. Makes it all worth it.  

     

    Fr_1801_2_$10NBN_Ch_428_65EPQ.jpg

  4. 8 hours ago, ddr70 said:

    In keeping with the Texas theme here, I'll share my series of 1902 TX set in it's current state (which would be more like Delaware in Size than Texas).  sig.jpg

    I do have a Houston, TX The First NB Ch. # (S)1644 $10PB on the way to PMG.  Basically it needs PMG to give it a grade about 3 levels too high for it to displace my PMG 30 Victoria NB $10 PB, but the numbers are just cool... 220361/X16961 pp Q/111 :cool:

     

    Hey!!! When did you sneak that Texas collection under my nose! I was just in Bryan, TX about 30 minutes ago. It's the city connected to College Station where we live. You are the radar master. You were obviously a math nerd in school. with your eye on those numbers. How many radar notes grace your sets? 

  5. On 7/22/2020 at 8:18 PM, Revenant said:

    eBay is full of absurd listings though. It's good for entertainment though. Recently, just for a laugh, I put in a "Best Offer" on a pair of items that has been listed at $79 each for years now. I offered $24 each because I honestly don't  think they'd get much more than that for them if they decided to put them in auction. The response was crickets. I may come back in another month or two and offer more like $35 each on them, just because I'd love to fill those holes in my set.

    It is incredible the hundreds of listings that are incredibly overpriced and sit for years with no buyers. Obviously these are not businesses but hobbyist that think "if they are willing to pay out the nose, I'll part ways with these notes" There are a few serious sellers but us folks in the know know that auction is the only place to get most notes that aren't over the top retail. I did pick up a GC for my set off a true auction on Ebay not too long ago and the gavel was right in line for what I expected. Most NBN's i look at on Ebay are far above the gray sheet retail. The $10 Port Arthur value back in this thread was also picked off Ebay. I offered the seller 40% less than the price, that was my final so I was going to decline any counters and I was shocked but he accepted! So if you are doggedly patient sometimes Ebay can work. 

  6. She's all yours. It has been languishing for quite some time here. Check the price and you might see why. I'd love to have the mate for my $10 but I can't seem to pull the trigger here. 

    https://www.ebay.com/itm/20-1882-Value-Back-First-National-Bank-Port-Arthur-Texas-CH-5485-UNIQUE-TYPE/182582292528?hash=item2a82c0b030:g:XrMAAOSwK6RZHlNi

    I have had my eye out for my bday charter date. I found one that is one day before my bday:

     

    Fr_616_$10NBN_Richmond_PMG_20.jpg

  7. They are gorgeous notes. I have been a couple of times to Venezuela. Once on the election night of Chavez in 1998 and again a few years ago. The country is falling to pieces and the people have been desperate for some time now. Such a beautiful and rich country falling into the throes of hyperinflation is a crime. You are point on in collecting these as it's a great set at a great price! I'd go with the wife's suggestion. She is always right. 

  8. I bought several gold coins and bullion oz when gold was hovering around 1300-1400. I stopped when gold began to rise. With Covid, who knows which way gold will go but it is forming a long term double top which concerns me. If it breaks out above 1800 then I might reconsider but I tend to think we will correct back down to the 1500 level at which point I might pick up more. In the mean time, I believe in a longer term bull market for bank notes. With the lowering demand and perhaps ultimate usage of physical money, I believe that bank notes will continue to be the subject of collectors and investors. I know you are interested in world notes and I invest/collect almost exclusively US notes but I want to continue to communicate how I do it. First, Track and Price is necessary. It costs but I know it has saved me countless dollars by not overpaying. I then plot the price history for a particular note at a specific grade for all data in the data base. I see the same trend over and over. An incline in prices prior to the 2008-9 recession. A decline in price until about 2014 followed by price stabilization. The noise can be attributed to problem notes on the low end and low serial number, EPQ/PPQ or star notes on the high end. I choose a bottom of the stable trend and try to pick out my target notes on the low end of the stabilized trend. The first plot is the very common FR-1200 at a grade of 40 to demonstrate the long term trend. An example is an Fr-107 "person_too_unaware_of_social_graces" I picked out for my "Greatest Notes" set. I believe the long term price has stabilized although you might believe the price has further to fall. The red data point is the price I picked that note up. I may be full of it but at least there is some method to the madness. BTW Revenant is your man on Zimbabwe notes!

     

    Fr_1200_40.jpg

    Fr_107_65EPQ.jpg

  9. Indeed, there are quite the population from T&P. Ch #1352 reports 15 $10 RS with a total population of 169 notes. There were no small notes printed for this bank. There are 12 $5 RS and no reported $20 RS. The highest SN for the $10 RS is 37750. Two of the $5 RS are SN 1 at pp B and D. It is quite frustrating that T&P doesn't report the treasury SN as it seems it would be as easy as the plate # which is reported. Go figure. I'm not sure about your logic on how to recognize that this bank was the first to order 4X$10's? Definitely check in on LK as sometimes notes are comparatively cheap. I don't know why. I picked up a couple of AU common small notes from Denver 7408 and Easthampton 428 for $175 and $90. 

  10. PMG should definitely be more creative with more National sets. I think they would do the hobby a big favor to add more resources to PMG and think more out of the box regarding new sets. I would think they could build a state NBN set, city sets, regional, interesting name sets, all kinds that would attract all the NBN collectors. DDR70 has some great ideas in his signature sets. For instance the FR# set. I find I have to create another DUPLICATE set to continue to add the plethora of notes, for instance like the Type 1 $10 NBN that I seem to purchase in copious quantity. So many duplicate sets are boring! I guess us note collectors are the ugly little sister of the numismatic world. NGC has 15,647 registered coin sets whereas PMG has only 986 registered note sets, so perhaps there is no motivation. But there is such a rabid fan base of NBN collectors it sure seems like PMG would be more cognizant of the homely sister and her NBN's. 

    Hey PMG!!! More NBN sets!!

     

  11. The bp on the Hanover note is 9 if that helps. Is there any documentation anywhere re: the uncrossed t's on the Marietta notes? Or did you pick that out? Good point re: PMG. That's my luck as well, to grade 10,000 $1 notes :) I have one or two graded $1 FRN's, I got one because it's the only 68 in my collection. Frankly, I don't see the point of amassing every recent Fr. FRN especially of the $1 ilk. I see some of the collections here and the sheer bulk scares me! They must have kilos and pounds of graded notes. I guess it must be fun for some, just not my cup of tea although I do like Mnuchin's signature. Quite unusual compared to most Treasury Secs. I try to avoid looking at the Bebee collection. Where one note is more valuable than my entire collection and there are hundreds more. It is quite phenomenal. I would guess there is easily 100 million dollars if they ever went to market. On another note, I thought there would be some bargains at auction after the pandemic correction but not really. I saw a few at the recent LK auction but I forgot to bid. Probably why there was so many bargains! People just forgot in between all the Zoom conferencing :( 

  12. Once again, my compliments to your eyes. Ever thought about being a grader at PMG? I would recommend you. I would like to think I would have noticed the T's not being crossed on your Marietta note, but I can't say with 100% certainty. I always assumed that there were multiple back plates for an issue like the $10 NBN? I presume your evidence is proof of that fact? Or perhaps just the number of the back plate was re-etched? I expect you will find n answer soon and educate us. 

  13. I'll buy one from you if you're in the market. I love the Technicolors, like the rest of the free world (and the enslaved world). I find it hard to believe the actual Fr-1179 plates were used but if BEP says so then I guess I believe so. I wouldn't think they are going to go for big dollars ever but to have a version that actually looks like the original print is cool to have. I don't think a finer note was ever printed. Thanks for posting!