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Sheik Sheck

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Journal Entries posted by Sheik Sheck

  1. Sheik Sheck

    Investment Focus

    By Sheik Sheck,

    What notes are the best investment?
    One might say any note you can buy low and sell high! Since this Journal is useless in that I am talking to myself (no one ever replies) here is my take. GO to Track and Price. It is surprising some notes perceived as rare, BILLIONS were printed. Small silver certificates after 1934 are just about all worth a few dollars. Some make money by selling hundreds of these graded at 65 or 66's bought for 20 bucks ans selling for 50 to 100. Even the star notes are worth not much more than face UNLESS they are rare and those have been cherry picked to death by the experts so just about any small note after 1928 without a star, 99% have little to no value. I am amazed ath the 1934 notes that look exactly like modern money selling for crazy prices. If they are not $500 or $1000 bills forget it. The ony real exception are the Fr2500's the small 1928 gold certificates. If they are 64PPQ or better the 10 and $20 are of value. The $50 and $100 gold certificates are worth a look. One 67PPQ $100 gold certificate from 1928 sold for $105,000!! SO i look for those. I also have a few Fr-1500 red seal funny backs. 64EPQ and above are good investments. Some of the rare Type 1 NAtional from 1929 and rare FR Nationals like the $5 San Fran and St .Louis are valuable but good luck finding them. My advice, don't buy little bits of small note here and there. Save up and buy a high quality LARGE SIZE NOTES, either gold certificates or silver certificates or the old legal tender if you can afford. Small notes, unless you love building complete collections are just a waste of money. I always try to get PPQ or EPQ and but one INVESTMENT instead of 20 graded pieces that will never be worth more than what you paid. Everyone should have an Fr-2405 shown below if you like small. The next journal is large example of paying for a prime note to hopefully let it increase in value since the note is from 1882 and in 40 condition. My Dad always told me, "Buy a house to sell it" I buy notes that I know will sell. Of course, I had to learn the hard way and get ripped off by a guy hat would rather steal a couple of thousand dollars than have a long term customer. Beware of who you buy from and if you buy ungraded notes, you will almost certainly lose. That's where the predators operate.

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  2. Sheik Sheck

    Investment Focus II

    By Sheik Sheck,

    GOLD CERTIFICATES
    Everyone should have some gold coins, but gold certificates are really good investments. Don't buy . Try to score at least a 30 and preferably better in PPQ or EPQ. I look at the 1922 and 1913 large size $50 Grants. With the exception of Fr-1200, these are incredibly low populations! And finding these $50's in better than PCGS, PMG 50 is really difficult (unless the 1922 Fr-1200) So buying a quality 30 or above with no NET or Apparent and especially if you can get EPQ/PPQ, I believe these are going to do well for mid-size in the future. Instead of buying a bunch on star notes from 1934 or new currency (why do people collect currency that is still in circulation?) try to get large sizes in the 1800's vintage. They can only get more rare. Why people find allure in new currency with low serial numbers or radars or ladders...CRAZY!! In 150 years they will definitely have value. Some person was selling a one dollar bill, brand new with a serial number like 00000073. He wanted like $380!! I offered $120 only because it was my wife's bday year and her declined. I was relieved. Why pay for that !!?? Folks selling brand new currency with two or three digit serial numbers as if it were special. Poppycock. Save you dollars and maybe, if you can, buy one of these once a year than 60 pieces of paper with no investment value at 70 bucks a piece when you can get this one piece. Someone reply, this is getting boring posting t myself.

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  3. Sheik Sheck

    Just Kidding I

    By Sheik Sheck,

    I am really insightful and smart, check this one out here in Just Kidding I and the in Just Kidding II
    In Just Kidding I I show what I brilliantly deduced after great study and deep analysis that there was potential here!

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  4. Sheik Sheck

    Just Kidding II

    By Sheik Sheck,

    Here I demonstrate my powers and gifts in spotting undeniable opportunity.
    I would love some feedback regarding Just Kidding I and Just Kidding II. I would like some praise about how I am creating value (not sure for who?)

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  5. Sheik Sheck

    Lame Me

    By Sheik Sheck,

    Gets ripped off buying bills
    Seems like every time I purchase a bill ungraded I get ripped off or I am just plain stupid. Check out how stupid I am at purchasing this bill!!

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  6. Sheik Sheck

    Lame Me Part II

    By Sheik Sheck,

    Can anyone guess why I am lame?
    Please give me feedback. I want to hear your opinion. Is losing money a necessary part of collecting notes? Please, more experienced people tell me what I can do other than exhibiting my very low IQ

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  7. Sheik Sheck
    After shopping for the vaunted Bison for several years, I finally made the plunge. I am trying to pick up only EPQ when at all possible since observing sales, the slightest comment can cause the price to be extremely volatile. The most minor of comments, NET or not, seems to reduce the price by quite a bit. I'd like to hear your opinions. Bank Note Reporter noted that recent auctions seem to ding notes with "closed pinholes" or "minor repairs." PMG tends to obscure the topic by assigning NET in a somewhat arbitrary fashion. NET can really kill the value of a note, no matter how minor the flaw. Thus, please enjoy my EPQ Fr-122!!


  8. Sheik Sheck
    Fr-1187 and Fr-1173 are $10 and $20 common gold certificates with great beauty and reasonable price for high quality notes.
    Good starters for those that LOVE the reverse of gold certificates

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  10. Sheik Sheck

    More Genius 2

    By Sheik Sheck,

    After a real grader does the job!!
    It's "gem like" because someone, I have no idea who would do this, sprays shellack on the note. "Gemlike" turns to NET!!

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  12. Sheik Sheck

    Must See

    By Sheik Sheck,

    If you want to really feel like your collection is small and futile, check out the Bebee collection at the ANA museum website. You can see just about any rarity you could hope for. DDR70... you will salivate at the high denomination, territorial NBN's. It's just an astounding collection! http://www.ana-museum.org
  13. Sheik Sheck

    My Favorite Note

    By Sheik Sheck,

    The best grades are not always the greatest eye appeal.
    My $20 large note gold certificate collection is almost complete, only lacking the Fr-1179. As you may know the Fr-1179 and 1180 are the technicolors so you will forgive me if I only have one of the two in my collection? This reverse is my most wonderful. I love it dearly.

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  14. Sheik Sheck
    This Thomas Flynn Fr. 774 "battleship" note was sold for $6,037.50 in April of 2008.
    The same note sold for $4,312 in 2014.
    I just picked it up at auction for $3231.75. This is 46% reduction in 9 years. I wish there would be a really good article on how much the currency market has softened quite a bit. One vendor says the premium for low serial number specimens has dropped out the bottom. Interesting since there are Bison notes and other low serial number notes still going for several hundred thousand dollars up to over a million. It seems one needs to be really careful with the premium on low serial number notes. I never thought it was worth it anyway. I thought it was an interesting and nice feature to have but never bought notes for any serial number feature (low #, ladders, radars etc....) Happy collecting. 

  15. Sheik Sheck

    New PMG Holder

    By Sheik Sheck,

    Newly graded on 4/18/2016 Fr-1184 with PMG's super material. It is very nice.
    The lovely and rare Fr-1184.

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  17. Sheik Sheck
    New holders are definitely better than old ones
    I have some freshly graded notes from earlier this year and when you hold the newest holders to the light and compare with the previous holders, there is no doubt. The old holders look great but are cloudy looking when held up to the new holders. You would not know unless you compare them directly!

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  20. Sheik Sheck
    It really doesn't matter what grading company one uses. The standards are so well-defined and tight now that the value of a note has almost no wiggle room.
    As you can see here, I wanted a reputable company to grade a note. Of course, it was a waste of money since the note graded the same thus the value remained the same. Anyone note any sarcasm? That's because there is plenty!! I knew the note would not grade as well. I thought perhaps a 58EPQ would be the lowest but more likely a 62EPQ. Holy cow. What does this say about our hobby as an investment???

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  22. Sheik Sheck
    My theory is that rare notes, especially gold certificates have great potential.
    Nobody ever responds to my posts but folks look at the pictures s I assume they enjoy. Here's what my new deal is....count the population report of all the gold certificates from both PMG and PCGS web sites and try to purchase mid-grade versions. I can't afford GEM's. Fr-1174 is a $20 gold certificate. It looks at lot like the well known Fr-1187 with Speelman/White signatures from 1922. OK, for Fr-1187 PMG/PCGS reports 2,168/1,739 for a total of 3,907 graded notes!! Now the Fr-1174...1906 $20 gold that looks very similar to the Fr-1187. Here's the count 35/31 for a total of 66 graded notes!!!!! Think about it...people think a coin is rare when only a couple of thousand have been graded. I bought a note with only 66 examples to be graded. Think how rare that is. There must be value in that rarity that veteran currency collectors are aware but not the general dummies like me!!! Feel free not to comment since no one ever does.

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  23. Sheik Sheck

    Red Man

    By Sheik Sheck,

    Red Notes are nice
    Any red note specialists out there?

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