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Sheik Sheck

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Journal Entries posted by Sheik Sheck

  1. Sheik Sheck
    The Fr-1198 has only 39 graded between both the services.
    The Parker-Burke signature combination from the 1913 series has 21 graded at PMG and 18 graded from PCGS for a grand total of 39 Fr-1184 graded notes. Compare that to the more common Speelman-White signature combo of the 1922 series (Fr-1187) where 3,907 have been graded. Yet, there isn't a great premium between the two? That's why I don't mind owning multiple Fr-1184 notes! One day...

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  2. Sheik Sheck
    A very happy birthday to my Fr. 1225h graded PMG 25VF. It's date is February 20, 1917 so Monday (tomorrow) February 20, 2017 this note will be a century old. Nice!
    Tomorrow, February 20, 2017, this fine old $10,000 gold certificate turns 100 years old. Note the date on the note is February 20, 1917.
    Most were destroyed, with the exception of a number of 1900 $10,000 bills that were in a box in a post office near the U.S. Treasury in Washington, D.C. There was a fire on 13 December 1935, and employees threw burning boxes out into the street. The box of canceled high-denomination currency burst open. Much to everyone's dismay, they were worthless. There are several hundred outstanding, and their ownership is technically illegal, as they are stolen property. However, due to their lack of intrinsic value, the government has not prosecuted any owners, citing more important concerns. They carry a collector value in the numismatic market and, as noted in Bowers and Sundermans' The 100 Greatest American Currency Notes, the only United States notes that can be purchased for less than their face value. This is the only example of "circulating" U.S. currency that is not an obligation of the government, and thus not redeemable by a Federal Reserve Bank. The note bears the portrait of Andrew Jackson and has no printed design on its reverse side

  3. Sheik Sheck
    Now my scan
    Heritage says, "The margins are outstandingly large for this type, and the gold inks are as deeply colorful as we have ever seen them. PMG likely saw some very minor flaw with the note out of the holder, but in the holder its obvious original embossing along with its other attributes makes it look like a 65 EPQ to us.
    From The Yuri Solovey Collection"
    Now look at their scan compared to mine once I received the note. When will this monkey business stop!!?? I expect it from Ebay trolls, but a fine Auction House??

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  4. Sheik Sheck
    Almost 2000 have been graded by PMG of this common note. This 66EPQ is in the top 3% graded with only 6 notes graded at 67EPQ.
    The Fr. 39 is a very common note. But this one has such perfect centering, embossing punched all the way through the note and a note that is so bright, the note looks like it just came off the printing press.

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  5. 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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  6. 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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  9. Sheik Sheck
    Paint and crop is quite entertaining with scanned notes
    I couldn't help myself. My $20 Gold Large Note collection is nearing completion. I only need an Fr-1181, 1182 and 1183. I have the technicolor Fr-1180. I need the Fr-1179, the other technicolor note to truly complete the collection but that probably won't happen for a long, long time. I hopefully have a trade in the works to get the 1181, 82 and 83. I thought I would choose 6 of the reverses and do another collage. I will do another with the $10 GC's as I am a year or 2 from completing the Hillegas series.

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  10. Sheik Sheck

    Ungraded Notes

    By Sheik Sheck,

    They continue to get away with it and the auction house does nothing. Here is a description from a seller that I bought an ungraded note from and it graded out NET 35....The listing is shown below as is a pic from the current listing. The photo has been so manipulated it is almost impossible to see but when you get it in the mail you will DEFINITELY see a horizontal fold. NO NOTE WITH A HORIZONTAL FOLD WILL GRADE ABOVE 35. NONE!!!! Yet, this 100% feedback seller that has glowing feedback from poor folks that never have their notes graded. The words below are a LIE. It is NOT "Almost Uncirculated" No "almost uncirculated" note has a horizontal fold that traverses the entire note. It is NOT even near "GEM" The sentence... "In our opinion, this is Gem Almost Uncirculated" is so misleading it is truly criminal. I am simply trying to educate my fellow collectors because this seller does this with every ungraded note he lists. Note, this is NOT the seller I recently posted about regarding the Lincoln Porthole. It goes to show how many of these crooks run a muck. Please follow the clues here, find out who this is and don't buy from him. The nerve of these crooks...."In our opinion..."
    For auction is this spectacular 1882 Twenty Dollar Gold Certificate. This note features a vignette of slain President James A. Garfield on the obverse with the promise that this note was worth twenty dollars in gold coin!! This is the very rare Fr.1178 with the signature combination of Lyons and Roberts. In our opinion this note is Gem Almost Uncirculated. It is super crisp with no rips, tears or pinholes. It features razor sharp edges, perfect margins and amazing color with the brightest seal and incredible reverse we have ever seen. The "in gold coin repayable to the bearer on demand" slogan was very important at the time as people were worried about paper currency becoming worthless, so the government added the slogan to let them know the paper was backed up in gold value. This note is the nicest 1882 Gold Note we have ever offered!! So look at the scans, check our outstanding feedback and make this stunning Gold Certificate part of your currency portfolio!!

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  11. Sheik Sheck
    Did you find the repair?
    I could not so I called PMG. Sometimes the graders leave notes as to what was repaired. The phone agent told me there was a tear "in the middle of the note at the top" that was repaired. Only then did I locate the repair. The arrow shows. If you had the note in hand prior to the sale and looked it over with a microscope or high magnification and knew what to look for, you would have seen the repair. I looked the note over before grading and did not see it. I left "neutral" feedback to the seller and he threw a fit. He harassed me until I finally clicked a link that he sent to change neutral to positive. Just to get him to quit bugging me. I pointed out it wasn't premium paper and it wasn't near uncirculated and the color of the scan had been whitened...a common Ebay currency trick. Whiten the scan. Is that right?? Was I justified to leave him neutral feedback, or was I just a poorly informed buyer and he simply was doing good business??

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  12. Sheik Sheck
    The reverse grade describing why the note is NET.
    Now inspect the note very carefully to see if you can spot the "Repair". A good test if you can grade by a scan. If you find the repair before I give you the answer, you have a very keen eye!!

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  13. Sheik Sheck
    Now the truth...
    Sent to PMG and graded. The new PMG holders are absolutely wonderful. Like the note is mounted in a crystal glass container. Even so, the note is scanned with my scanner with no color manipulation. Notice a difference between my scan and the advertised scan? Also, notice the grade isn't quite consistent with the description. Hmmmmm....
    PS I blocked my name lest I am victimized. I thought this "premium paper" super version of the wonderful Fr-282 would be the jewel of my collection so I had a pedigree. A pedigree on a now NET graded note.

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  14. Sheik Sheck
    I need replies so please do so for the sake of beginning a conversation!! Thanks!! I love collecting currency. IT IS SO WONDERFUL!!
    Please vote with your reply, then I will show you the official grades in the third post and I will entitle the grades for each the note "Note Grades for Survey" If you like this note better, then write (1) in your reply. THANKS!!!!!

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  15. 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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  19. Sheik Sheck

    Red Man

    By Sheik Sheck,

    Red Notes are nice
    Any red note specialists out there?

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  20. Sheik Sheck

    Saturday

    By Sheik Sheck,

    Just throwing out something nice to look at
    I love it!

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  22. Sheik Sheck
    Opinions regarding valu of small and large gold certificates
    Does anyone have opinions regarding your opinion on the investment potential for gold certificates. It seems like small and large size gold certificates are good long term investments.

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  25. Sheik Sheck
    Please vote!! This should be fun. Also feel free to predict the grades if you want!!!!
    Please vote with your reply, then I will show you the official grades in the third post and I will entitle the grades for each the note "Note Grades for Survey" If you like this note better, then write (2) in your reply. THANKS!!!!!

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