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Fenntucky Mike

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Everything posted by Fenntucky Mike

  1. Does the number sequence have to repeat fully for it to be considered a repeater? I thought that it did but I could be wrong. Regardless, an amazing note!
  2. The market, and the submitter would have to value their notes accordingly. If not then PMG bumps it up a tier. Having a note graded revlaues it based on pricing in the open market not PMG. Do they bump up the tier prior to grading? If I send in a note the market says is worth $1,000 in any condition, they may use The Greensheet for current values on U.S. notes for example , and I have it in the Modern tier ($300), and value it as such, would they bump it prior to grading? Probably. I suspect that this is when it happens.
  3. +22 = 3,100 2 Hryven +3 10 Hryven +1 100 Hryven +2 200 Hryven +1 500 Hryven +3 1000 Hryven +2 2000 Hryven +1 10 Karbovantsiv +1 100 Karbovantsiv +1 5 Karbowanez +1 10 Karbowanez +1 200 Karbowanez +1 50 Shahiv +1 10 Shahiv +1 20 Shahiv +1 30 Shahiv +1
  4. Regardless if this is a sheet number or serial number because it is fancy there is a premium attached, IMO, and if three other notes did show up on the market with the same number the premium for the fancy number would be minimally impacted. Now if your note was in the worse condition of the three that could have a negative impact but I would tend to think that your note would hold it's value and still carry a premium for the #, and that the three notes in better condition would pull even higher premiums beyond there typical grades. As far as what the premium is for the fancy number , the only way to tell is to get lucky and find a similar one in an auction archive or sold listing on ebay. If I was going to pull a number out of the air I'd guess between 5-10% more in a well publicized auction.? Maybe more. It's VERY difficult to find fancy numbers on old notes. That is certainly a wonderful looking note! Congrats!
  5. It's definitely worth more than face as ladders are pretty hard to come by, how much above face will depend on condition and which $100 note this is specifically. If it's a common modern note in circulated condition the premium will be minimal, if an uncirculated note and/or there is something else unique about it the premium will be more. Best way to determine value is to look at sold listings on ebay and other auction sites.
  6. Radar 3878783, just picked this up today.
  7. Hello and welcome to the PMG forum! I'm not familiar with these but regardless if it is a sheet number or unique serial number I would still consider it fancy, and I agree with your assessment that PMG lists that number as a serial number on their label for all of the examples I looked at. My thought is that if a sheet number this does not decrease the value of the note because there maybe other notes out there with duplicate #'s, so what, it's still a fancy number and the odds of the other three notes still being in existence is pretty slim and if one was found, again, so what, I don't think it would diminish the value at all. There is oftentimes conflicting information in references for older notes and I guess if you were worried what PMG would do if you submitted this note to them, you could ask this question in the ASK PMG section of the forum. For Canadian notes PMG uses the following two references in addition to Pick. Maybe there is something in one of these references in regards to the #, if you haven't looked already. Very sweet note by the way. Canadian Banknotes "Bank Of Canada" and "Dominion of Canada" — referenced to Charlton Standard Catalogue of Canadian Government Paper Money edited by R. J. Graham Canadian Charter Banknotes — referenced to Charlton Standard Catalogue of Canadian Bank Notes edited by R. J. Graham
  8. Hello and welcome to the PMG forum. All modern U.S. bills are issued in packs of sequentially numbered notes, as you probably know, the $2 bill comes in packs of $200 / 100 sequentially numbered bills. Having sequential notes of this series adds no value. If you're talking about the dark areas in the margin they very well could be ink smears but they are not significant enough and are far too common to add any value. If you have any fancy serial numbers or star notes in the pack, those could be worth a premium.
  9. I've never noticed or heard of this, where is this stated by PMG? Though on some level it makes sense. I honestly don't think that PMG would value or bump you up a tier for any of the notes posted, regardless of what they graded, but for sake of argument let's say that the 10000 Tenge note posted grades 70*, what what that be worth? $500? And if it was lost in shipping and was only insured for the value you placed on it, $300, you'd be out just under a couple hundred of additional profit. I think that PMG reserves the right to bump notes up a tier for egregious undervaluation of notes and, again, if you contacted PMG directly I'm sure they'd be able to give you a satisfactory answer, as opposed to speculating what might happen. Just my . Hours (Monday to Friday): 9:00am to 5:00pm EST 1-877-PMG-5570 toll free (+1) 941 309 1001 (+1) 941 309 1002 fax Service@PMGnotes.com I think the SCWPM is wrong more often than it is right, the moment a reference is published the pricing within becomes obsolete. A note graded 60, UNC condition, does not have the same valuation as a note graded 65, Gem UNC. The same is true for an UNC note with poor paper quality and an UNC note with EPQ. The differences between such examples can be hundreds of dollars or more. The SCWPM's pricing is far to vague to go by in most instances, I would never value any of my notes based on the SCWPM. Use it as a reference or baseline, sure, but never as a final valuation. This goes back to the fact that I don't want to undervalue my own notes, specifically for insurance purposes, but that's just me. The act of having a note graded automatically "revalues" it, doesn't it. Once a grade is assigned to a note the value will more often than not change, which begs the question will PMG bump you down a tier? I thought I read somewhere that they won't. They've been at this a long time and have, probably, already been challenged several times on this, they are most likely within their right. Sorry, now I'm just being chatty.
  10. I found it scouring ebay early one morning and picked it up, haven't come across another since. Too bad it is in such poor condition. MS&NIRR has a lot of stuff out there, particularly stocks, there is also the LS&MSRC which has a ton of bonds out there and they have some great vignettes.
  11. +8 = 3,078 10 Hryven +3 500 Hryven +2 1000 Hryven +1 1000 Karbovantsiv +2
  12. That ended up being the final price, $620.50 with the shipping. Another 70* Ukrainian "Test" note went for $415.50 with shipping. If remember correctly there was around 2,000 of these printed and they were sold in folders as presentation pieces. 1,200 in Ukrainian language folder, 400 in Russian and 400 in English. Something like that.
  13. Excellent! That is a true beauty, love it! There are a few more Ukrainian 70* notes ending today, one is a stunner but not in the budget at the moment. Congrats to whomever wins this note, it's amazing, and I hope to see it in someone's registry set soon.
  14. I'm surprised that PMG and the INBS haven't teamed up in the past, maybe they have. It's not a bad idea but I doubt PMG will go for it, I don't remember seeing anything similar on the NGC side for the COTY winners either. Of course labels are a revenue source and if they did make a label I'd like to see it be available for all submissions of those BNOY winners indefinitely, past and present. You could try posting this in the Ask PMG section of the forum or contact PMG directly. Service@PMGnotes.com or +1 941-309-1001 Submission privileges for all INBS members could be beneficial to both parties as well, similar to the ANA privileges on the NGC side.
  15. First thing, those are some beautiful notes. My nephew says the 10000 Tenge is his favorite. Anyway, from what I'm seeing in sold listings is that all three of these notes would be valued at around $300 in UNC condition up to 67 EPQ so that's what I'd value them at when submitting. PMG will revalue a note and bump it up a tier if they feel it's under valued, and to me I would prefer that rather than the note be lost in shipping and not be able to recoup the full value of the note. I can see your dilemma, as these notes are right at the cutoff and may get bumped up a tier if submitted at the lowest level, but I'd personally want them to be insured fully when being shipped. I understand the value of a bulk submission but maybe try a "test" submission first, of say 10-15 notes and see what happens. You could also contact PMG directly and see if you can talk this over with them.
  16. I've never submitted through a dealer but I imagine there would be a small fee, it may end up being a wash though as I'm sure they get a dealer discount. You'll have to go there and ask. The big advantage in going to a dealer is that they can give you some information on the note/s, see what condition the note is in and tell you if they are even worth submitting. With that being said what are you planning on sending in, I'd love to see a couple of pics. We like seeing awesome notes!
  17. I am 100% with you in that it's all about the notes/hobby and having something unique to pass on to the next generation. The money only matters when I can't afford a note and have to pass. Beautiful notes by the way, I love those solid #'s!
  18. You put a smile on my face my friend. One day I'll make it to the 70 club. Based on what you've posted and the notes in your sets, you must have one outstanding Fancy S# collection. You could probably start, may be complete, a modern, Fancy # only registry set. Very nice pick ups! There were some solid S# Ukrainian notes recently up for auction, starting price was $300, I was interested but passed as I thought that too high a price. Only one out of the five or six available sold. Ah. Ok, that makes sense. I hadn't realized the economic situation in Nicaragua had become so desperate so as to cause a glut of notes to hit the market. I am sad to hear that such a situation has befell the people of Nicaragua, and to hear of the closing of your business. You are correct in that my part of the world (Michigan, USA) it has been quite the opposite, but things are starting to turn here and not for the better. Anyway, you are also correct in that there are more Ukrainian notes hitting the market due to the situation there but I tend to think that it has less to do with the hardships people in Ukraine are facing and more to do with advantageous sellers outside of Ukraine. There are multiple factors fueling the Ukrainian banknote market, there was an overall increase in interest in Ukrainian notes and collectors prior to the invasion, the NBU released 6 new circulating note varieties (signature variety) and 6 commemorative notes just prior to the invasion resulting in a glut of modern notes being graded and Über high grades coming from them, increased interest, and now the war, have shook loose some of the older rare notes, specimens, proofs, errors and fancy number notes. Add to that all the money being thrown around and we have a hot market for Ukrainian notes. As I mentioned above I see this coming to a screeching halt in the near future, then we'll see a bunch of notes trying to be off loaded and sitting out on the market place, people will be taking losses. Especially people who were "investing" in common modern notes. Sorry, I don't mean to paint such a dire picture, hopefully I'm wrong.
  19. Yeah, 5 & 6 are the most convincing IMO. I think 6 is the better of the two but.
  20. Thanks! I'm pretty stoked about these notes, well any notes I get really. I'm not too broken up about loosing the 70/s, there have been several posted of other denominations as well, I just have a hard time justifying going over what I bid when there are things like that uniface specimen I can get for the same money or less than what those 70 notes sold for. Congrats on yours though, can't wait to see them in your sets! Huh, it's odd that prices rose pre-pandemic and stabilized during. Have you noticed a drop in prices overall or for individual notes?
  21. Hello and welcome to the PMG forum. Doesn't look like an obstructed printing error to me, the ink seems to fade rather than stop abruptly. Possibly an insufficient inking error but it looks more like the ink faded or was removed after printing, not saying intentionally. In any case if an actual error this note would have a small premium over face, an inking error is not too terribly rare, the missing ink in your note is not a significant amount, and the condition of the note is poor. Best case I think you're looking at under $100 for this if an actual error.
  22. +29 + 3,070 20 Hryven +6 50 Hryven +5 100 Hryven +5 200 Hryven +5 500 Hryven +4 1000 Hryven +3 1000 Karbovantsiv +1 The 2021 commemoratives and regular issue notes continue to dominate the population report but what gets me is why people submit fewer of the large denomination notes. You would think complete sets would be submitted.
  23. One thing is certain and that is graded notes are pulling multiple times their value when compared to their raw counterparts. Around 90% of my banknote purchases over the past year have been raw notes. The prices for modern graded notes are just stupid right now. Prices for rare raw notes are strong right now, but they are more in line with what I would expect. Now the real question is will I send any of mine in for grading? Yes, some day. I actually downloaded a submission form this weekend but am still working out what I want to send. The 2 Karbowanez (P50) note mentioned in the Journal entry comes to mind, for me. A few years ago, 3 I think, an ungraded example went for around $1,700 then another a few months later went unsold at NYINC. Should have bid on those when I had the chance, now I'll have to wait. I tend to think that prices will fall in the near future, as opposed to continually rise. I believe prices could fall back 50% to pre pandemic levels, maybe more. Just my gut feeling.
  24. Uncut sheet of 6. I like the six subject sheets, they fit nicely into a page protector and can be put into a binder if so inclined.