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Fenntucky Mike
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Posts posted by Fenntucky Mike
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On 3/17/2024 at 8:59 PM, GoldFinger1969 said:
Mike, what's the break-even for someone to submit through a dealer (who doesn't look to mark it up or make any $$$) on a note like this ?
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.
On 3/17/2024 at 8:59 PM, GoldFinger1969 said:This note wasn't in worn condition, not sure what generic Hawaii notes in the 50's go for but I figured the cost to grade/holder was maybe $25 (like a coin) so it would be worth it.
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.
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On 3/17/2024 at 5:31 PM, GoldFinger1969 said:
Does Congo print its own currency or out-source it ?
They source it. There is probably only a hand-full of African nations that print their own currency
- GoldFinger1969 and Navaneeth
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70's are fairly rare when it comes to notes, much tougher for a note to graded 70 than a coin imo, and the prices for 70's are usually outrageous. I like to try and pick up notes graded 68 and stay away from 69 & 70 as the price is not worth it.
Here is my only 70 graded note, a test note from 2008.
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On 3/17/2024 at 2:13 AM, GoldFinger1969 said:
Carter, did you ever get it graded ?
I believe he pawned it or sold it to a coin shop. I thought he said in another post that whomever he sold the note to was going to get it graded but I don't think the results were ever posted.
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On 3/15/2024 at 6:48 PM, GoldFinger1969 said:
I have to review what the different Greens stood for.
I don't think they really stood for anything, just a change in the ink used. You can probably date the notes by the seal color.
Awesome not GF. You picked out some notes with really good eye appeal.
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On 3/16/2024 at 3:10 AM, TheRedStream said:
So I have found a few birthday notes. I know some people collect them, but are they worth getting graded?
Condition is king, they are not worth getting graded.
Birthday notes are a niche collecting area, they bring very little premium if any in my experience. The serial number 06241965 is probably the best one since there are people still living that were born on that date, unless the other dates coincide with other famous births or events in history.
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On 3/15/2024 at 10:33 AM, GoldFinger1969 said:
Jog, bills like that -- at least in lower denominations -- are auctioned every week or every few weeks over at HA.
I saw a few $100's sell in the $300's a while back. It does appear that the $100's are rarer -- I guess they are hoarded because mathematically there should be as many as $1's and other denominations.
Yes, uncirculated bills sell for around $300, circulated bills I would estimate sell for about half depending on condition. The OP says the note is circulated but theirs is an actual fancy number so it wouldn't surprise me if it got close to three hundo.
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On 3/15/2024 at 10:23 AM, GoldFinger1969 said:
"Gas pump" meaning the old digital numbers that would sometimes not line up with the rest of the gasoline total on the readout ?
Yep, like the old pumps with the number wheels that would not line up.
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When a digit is not in line with the rest, either higher or lower, it is referred to as a "Gas Pump" note or by the technical term Stuck Digit which refers the digits on the numbering wheel. Most Gas Pump notes have no or very little value above face unless part of the next digit was printed on the note, part of the digit is missing, or there is a partial of the two digits. It's not unusual for mismatched serial numbers to be gas pumps/stuck digits.
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Mismatched Serial Number or Stuck Digit.
Nice find.
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On 3/8/2024 at 7:18 PM, Jogarced said:
Hello I am considering getting my 2009 series A $100 bill graded it has a fancy serial number LK00001111D. My questions are 1. what would I put as the fair market value, is it hundred dollars or would it be more because of its serial number. 2. On the label portion of it does PMG decide what to print on the label or does the customer decide what to print. Can it say something like Fancy Serial number, binary quad etc. It is in circulated condition but I feel the condition is really good considering it is over a decade old. Thank you in advance.
I'd put a FMV of between $150 and $200 on it. PMG decides what to put on the label, it would say BINARY or BINARY SERIAL NUMBER somewhere on the label, usually they put it on the front if there is room. You can pay extra for PMG to put a pedigree on the label like Jogarced Collection, or something like that, but that's about it.
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On 3/10/2024 at 3:59 AM, Lance A D said:
We have now established that PMG does not label a True Radar, but it does recognize a Super Radar where the prefix and suffix alpha characters are identical.
It's a little confusing but I believe PMG's definition of a Super Radar is a radar serial number with matching block letters, not that four or six of the middle digits are the same. In this sense PMG does recognize "True" radars as they are the same as super in their book. That's how I interpret it at any rate, might be worth asking PMG for clarification.
Nice radar-repeater.
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None of the numbers have any added value and I personally wouldn't pay a premium for any of them but if I was going to pick one I'd go with the 30008000 note the others are all the same to me.
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Pretty rare if authentic. I'm having trouble matching up the President's sig, the cashier is Ernst H. Meyer. There are only two different sigs pair with Meyer's, Nieman which this is not, and A. R. Dolph, the sig on your doesn't appear to be either. Doesn't mean it's not real, just that it's not matching up with known records from what I can tell. If authentic it could go for a big number.
- Fox7676 and GoldFinger1969
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On 3/8/2024 at 1:08 PM, GoldFinger1969 said:
I don't recall what I paid for this and why I even bought it !!
I remember at the time I didn't know about National Bank Notes...never knew that private banks names were on currency in the last 100 years or so (figured maybe after/during the chaos of the Civil War for a few years something like that may have existed). So a bit intriuqued by them and I bought this one in decent grade.
FRB's and private banks both had the language attesting to treasury bonds on deposit.
Nice one GF.
Small size NBN's in circulated condition can be had for decent prices, I've been exploring them a little bit, might be a good area of the marked to dabble in undisturbed for not a lot of $'s.
When I say circulated I'm talking in the 30-40 range with Quality paper, a 58 like that would bring a good price. Someone may want to try and crack it out if it looked good in hand.
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I would say that a circulated $100 fancy fancy serial number is not worth the cost of having graded. You'd probably break even or maybe come out a little ahead as far as recouping the grading fees but would make less money overall as you'd probably have a bigger margin selling it raw.
One more thing to consider, a circulated $100 bill is a lot of money to be sitting on just because it has a fancy serial number, most fancy $100 bills sell for less of a premium when compared to lower denomination fancies because of the FV.
Not saying you couldn't find that one person to pay up for it but you may have to sit on it for a long time, and you may not ever find that person.
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On 3/9/2024 at 12:36 AM, Jogarced said:
I know the serial number won't do anything but does just the fact that it's a sequential star note add any value???
Doesn't really add any value, especially if they are not in pristine condition. Definitely not worth having graded.
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On 3/6/2024 at 2:34 PM, GoldFinger1969 said:
Never heard of that $1 MM thing, very interesting !! I wonder where the other 99 bills are ?
I think most or all went to auction and ended up in private hands, could be wrong on that but these do pop up from time to time. I think there was a "Binion Hoard" of silver dollars as well that was auctioned off.
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Just saw that SB is selling one of the Binion notes.
When I say circulated I'm talking in the 30-40 range with Quality paper, a 58 like that would bring a good price. Someone may want to try and crack it out if it looked good in hand.
Highly-Graded Bills -- Any Bill Type
in US and World Notes
Posted
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.