• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Sheik Sheck

Member
  • Posts

    189
  • Joined

  • Last visited

  • Days Won

    47

Journal Entries posted by Sheik Sheck

  1. Sheik Sheck
    Sat in a drawer for 40 years
    Our grandfather saved a few bills from when he first immigrated to the US in 1917. I decided to have them graded and although worth very little, they are priceless to me. Sweet man thought he was passing down valuable currency!

    To see old comments for this Journal entry, click here. New comments can be added below.
  2. Sheik Sheck
    The Hillegas $10 is numbered in the 1000's but they are reasonable prices for high quality.
    Get this for the same price someone is selling a 2009 $10 bill with a 2 digit serial number. Or ladder, or radar, or poppycock.

    To see old comments for this Journal entry, click here. New comments can be added below.
  3. 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

    To see old comments for this Journal entry, click here. New comments can be added below.
  4. Sheik Sheck
    Fr-1197, a note from 1882. Look at the beaut of the reverse. They don't make notes like this anymore.
    Reverse of a gold certificate with good eye appeal = good investment.

    To see old comments for this Journal entry, click here. New comments can be added below.
  5. 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.

    To see old comments for this Journal entry, click here. New comments can be added below.
  6. 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.

    To see old comments for this Journal entry, click here. New comments can be added below.
  7. Sheik Sheck
    Red Notes are nice
    Any red note specialists out there?

    To see old comments for this Journal entry, click here. New comments can be added below.
  8. Sheik Sheck
    Just throwing out something nice to look at
    I love it!

    To see old comments for this Journal entry, click here. New comments can be added below.
  9. 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.

    To see old comments for this Journal entry, click here. New comments can be added below.
  10. 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!!!!!

    To see old comments for this Journal entry, click here. New comments can be added below.
  11. 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!!!!!

    To see old comments for this Journal entry, click here. New comments can be added below.
  12. 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!!

    To see old comments for this Journal entry, click here. New comments can be added below.
  13. 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?)

    To see old comments for this Journal entry, click here. New comments can be added below.
  14. 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!

    To see old comments for this Journal entry, click here. New comments can be added below.
  15. 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

    To see old comments for this Journal entry, click here. New comments can be added below.
  16. 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!!

    To see old comments for this Journal entry, click here. New comments can be added below.
  17. Sheik Sheck
    This is being offered at auction by Heritage in their Long Beach, 2017 September auction. I have heard "retouched" used in the context of "this note is to be avoided at all costs" to "I don't pay attention because the note appearance is all that matters." I lean more and more to the latter looking for bargains on notes that are not "NET" but some negative comment is on the back. I believe you can snatch some good bargains on notes with comments that are not "NET" A tear that you can't see on a scan, an inclusion, pinholes...etc, is not given the "NET designation and is a wonderful note. Especially, "closed pinholes" is another potential bargain generator. Look at my Fr-1184, it says "closed pinholes" on the back, their is no "NET" designation and the reverse is one of the most gorgeous I have seen for a $20 Large Gold. I have seen 40's and 45's of the Fr-1184 and their reverse doesn't have half the eye appeal of mine. Sure, we all want GEM-EPQ notes but if you are serious about building collections and you're not incredibly wealthy, then I am really trying to use my eyes! I have seen so many 35's that look better that much higher grades. SO I was really piqued by Heritage's definition of "Retouched" on this Lincoln $5 portal.  I have copied Heritage's advertisement for this note verbatim below. Look at the note your buying and if it is not "NET" but has comments, don't walk away from a beauty because PMG didn't precisely define what was retouched!!!!
    Heritage's Description
     282 $5 1923 Silver Certificate PMG Choice Very Fine 35.
    Very beautiful, lightly circulated porthole that PMG has anointed with their cryptic comment, "Retouched," which over the years we have found can mean almost anything or often nothing at all. The note could have a minor repair, a little artwork, or be entirely problem free. The comment reminds us of the old, unfunny joke about Tarzan swinging from vine to vine, wearing his new glasses, then jumping to a nonexistent vine, which was a crack in his glasses, and slamming to the ground. Poor Tarzan...Poor PMG...Poor consignor. There is a lot of value in this "Retouched" note.