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Fenntucky Mike

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Everything posted by Fenntucky Mike

  1. That is what is in the HA description. It stated that the note had been in a PCGS 64PPQ holder when sold in 2009. No, I doubt it. I was not reading the HA description correctly, didn't realize they were quoting their own lot description from 2009. I thought they were talking about the consigner to the 2024 auction having acquired the note in 2000 and consigning in 2008.
  2. I wonder how much that the note didn't "Q" affected the price? Looks like it used to be in a "Q" holder but then it was dropped after another round of grading. How could the consignor have obtained the note in a 2000 sale if the note was sold again in 2009. How many times has this person bought this note? Boy, they must be really underwater on this note if the bought it for $1,100, sold it for $800, bought it back (at a higher amount than the $800 maybe), and sold it again for $600.
  3. Notes issued by the wildcat banks of the free banking era in the U.S., 1836-65. They are generally uniface, one sided, and were printed on very thin paper. Here are some from my collection.
  4. Looks like the NNP is going to host several presentations to coincide with the Central States show and there are actually a few on paper money. Finally! Currently there are four presentations scheduled that will cover different types of paper money, I'm definitely going to try and catch the Higgins Museum of National Bank Notes talk and hopefully one or two of the others. Below is the current list of scheduled presentations. https://nnpsymposium.org/schedule
  5. This was interesting and funny. https://www.eco-business.com/news/new-clean-burning-joss-paper-claims-to-reduce-air-pollution-at-chinese-religious-festivals/
  6. Tough to describe how to know other than you need to see several examples as an authentic ink smear from the BEP has a certain look and feel to it. For example, a smear of the first or second printing wouldn't cover or be on top of the overprint, because of how notes are printed smears will always look like they are wiped top to bottom, etc.. Neither of the notes posted appear to have ink smear from the BEP. The other thing to note about ink smear errors is that minor smears bring no premium, and where the smear is located and how it looks can effect the price.
  7. I generally agree with your points, especially the lower priced notes blowing away estimates, but I'm not sure I'm seeing the high end stuff missing estimates as much as you're describing. I don't really pay much attention to the market for U.S. notes but most of the high end world notes that I do keep any eye on are still beating estimates for the most part, often by multiples. I'll add that U.S. obsoletes have been bringing in strong money for the last year plus, most of these fall into your lower priced stuff range <$500 and seem to be growing in popularity. The seaming shift or split your describing between high end notes selling for less and low end notes for more is interesting. I've been feeling the pinch in the lower priced stuff as that is my typical price range, but if the higher priced notes are seeing a decline in interest it may be time for me to swim to the surface to spear one. I have my eye on a NBN going to auction next month, the note has a good sales history for which to track price and it'll be interesting to see how much it goes for.
  8. PMG 66 notes seem to regularly sell for close to $150 on ebay, a 70 note might sell for over $500, maybe close to 1k. Surprisingly there still seems to be demand for these things, I'm still holding out until the price drops. It's been several years now.
  9. The problem is that they should be as there seems to be lots of straps and bricks of them for sale on the internet. Most at ridiculous asking prices. This is probably one of the top five notes graded by PMG, if I had to guess. I will give sellers a pat on the back for keeping the supply artificially low and demand up for these though. That's what it seems like to me at any rate.
  10. Pretty low percentage of these in 65+ based on my observations. Granted I'm on the outside looking in as I don't specialize or collect NBN's really, only a few notes I'm interested in from specific banks/areas. I'd don't know about that, the number of serial #1's I've seen would seem to contradict that conclusion, but as I said there were thousands of Banks issuing NBN's so percentage wise the number of saved notes with fancy number could be very low I suppose. I wonder if or how many were saved as they were pulled from circulation? I think someone, an organization, may actually track the serial numbers, The Society of Paper Money Collectors, Track & Price, Greensheet?
  11. First charter NBN's are not that obscure, from this specific bank yes, which is normal, but overall no. There were thousands of banks issuing these notes, normally there are a handful of known survivors for each denomination for each bank. This note would be an easy sale. Not sure, two buyers fighting over one note possibly. The price is sold for last year seemed in line with most of the other lots, serial #1, rarity, condition, etc., $5,500 is about right from what I've seen.
  12. Seems way high to me, even 20k, but I don't pay much attention to these. Below is a Serial #1 NBN I was bidding on over at HA last year, it sold for $5,400, the same note sold for a little over 8k in 2016. I would much rather have a serial #1 NBN than a series 1935E serial #1 SC.
  13. https://www.worldbanknoteauctions.com/ They, WBA, typically have a good selection of notes, including U.S banknotes. They sold off a few large collections from some prominent collectors but it's unusual for them to have no current or upcoming actions listed. I've picked up many a note from them and the prices are not outrageous normally, you could usually score a good deal once and awhile. Here is a link to their past auctions. https://bid.worldbanknoteauctions.com/auctions/past
  14. They haven't had any auctions running for at least the last two weeks, wonder if they just ran out of material or if something else happened. They don't have any upcoming auctions listed currently, website says they are working on their next catalog, I guess we'll see when the next auction is, they were running one every two weeks or so with then next one ready to go. I've bought several notes from them over the last few years, they usually have some decent notes for sale.
  15. Yep. Sorry if that wasn't clear OP. The notes definitely look like they have lots of creases in them, maybe the OP can side light the note and post a pic. For a note like this I'd consider a note that was trifolded over one with creases running though the whole note, the trifolds would miss the portrait and probably miss the seal and "1 Dollar" overprint. More if the OP is sending them in themselves and these are the only two notes on the submission. If they can find a dealer to send these in with a bulk submission then cost might not be too bad, depending on what the dealer charges to send notes in for you, even going that route the cost would still be close to $30.
  16. Hard to tell if there are any folds from those images. For the sake of argument let's say there are no folds in the notes, the problem is that I see discoloration/soling, rounded corners, lots of handling creases or wrinkles, and average centering. I would not send these notes to PMG for authentication and grading as they will not receive a lofty enough grade to offset the grading costs. A sequential pair of these sold a Heritage Auctions in December for $198, another consecutive pair with different signatures sold with a third note for $360 this month. Your notes look to be in worse condition compared to the notes sold at HA so I'd put them in the $50 - $75 range as far as value goes. Can you provide a link to the listing?
  17. Another note with really good ink, the margins are a bit off on the face but I like that the cut lines are visible in the lower and right margins. Cool. I would assume that it's held it's value. NA and HI notes are always popular, hard to imaging that they've gone down in value but you never know.
  18. GF (GoldFinger). Some people collect notes by block letters, and certain combinations in some years had very short print runs making them much more difficult to find and desirable to the right person. Also some people collect notes with block letters L & A (Los Angeles), by state initials like A & L (Alabama), or G & F (Gold Finger). Maybe. I believe the first block letter on current U.S. currency, $5, $10, $20, $50 & $100 notes, does correspond to the FRB. All of these notes will have two block letters at the beginning of the serial number and I think the first letter matches the FRB letter code. Modern $1 & $2 bills don't have two block letters at the start of the serial number.
  19. Do you have any North Africa SCs or just the Hawaii?
  20. The premium is all in the serial numbers. To bad they weren't from the GF block.
  21. Notes are more easily damaged by handling. There are other factors that I have not quantified like the number of coin collectors vs note collectors, the amount of NCLT coins and mint sets graded vs presentation notes, total number of each and the percent that graded 70, etc. but my gut feeling is that notes graded 70 far less than coins. In the end I feel it comes down to that notes are more fragile.
  22. To me it depends on if you can recoup the grading fees and be money ahead when it comes time to sell, I don't use an arbitrary minimum dollar amount as a determining factor. Of course some people just want to have a note graded so it can be added to a registry set, regardless. The grading fee alone for this note would be $37, add shipping there and back, handling fee, insurance, etc., and your looking at a sizable sum. Tough to recoup that money on a note like this.