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Sheik Sheck

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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!

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  2. 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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  3. Sheik Sheck

    Scope Creep

    By Sheik Sheck,

    All Collectors are Victims of Scope Creep
    That's why PMG, PCGS, Ebay, Heritage love us because our scope creeps beyond our wallet, spouses and our own original design!!

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  4. Sheik Sheck

    Gold Collage

    By Sheik Sheck,

    Spectrum of Colors Composing Gold Certificates
    This is a collage of the different reverse colors seen on various gold certificates. What better background than a Fr-1180 technicolor? I have always been fascinated with the different "orange" colors that make up the reverse of the gold certificates. Here is a direct comparison!

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  6. 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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  8. 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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  9. Sheik Sheck
    This is sellers scan of a note I purchased. The seller tinted the scan with more orange to make the note more presentable. Be careful when you buy gold certificates and be sure to ask. Is this the original scan or did you colorize it? I think my scan is nicer!
    Seller's Scan. This business is full of tricksters. Rule: buy certified notes that the seller guarantees the scan color has not been altered.

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  10. Sheik Sheck
    This is my scan of a note I purchased. The seller tinted the scan with more orange to make the note more presentable. Be careful when you buy gold certificates and be sure to ask. Is this the original scan or di you colorize it? I think my scan is nicer!
    My scan of the reverse of Fr-1197 $50 Gold Certificate. Next post is the sellers scan.

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  11. Sheik Sheck
    Obverse is rare Parker Burke signature combo
    I keep believing large size gold certificates that are GEM or relatively rare are the way to go.

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  12. Sheik Sheck

    Reverse of NET $5 FRN

    By Sheik Sheck,

    Pinholes is an understatement!!
    Thanks Pop, bet you never knew this note would be posted on a thing called the internet and potentially bee seen by thousands! RIP

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  14. Sheik Sheck

    Retouched

    By 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. 


  15. 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.

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  16. 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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  17. 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.

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  18. 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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  19. 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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  22. 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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  23. 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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  24. 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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  25. 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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