Fenntucky Mike

11 hours ago, Revenant said:

But if she can get the set in uncirc for $45 I think I'd send in a nicer one to grade.

I think grading went out the door when they found out you can get these on ebay. I wonder what I would offer someone for something similar, a find in the wild, a note I wasn't familiar with  I may have offered face for it. Although now that I'm looking at it closer I see it's a 1992 series, I wonder if you can still use them?

3 hours ago, Revenant said:

He'd have to pay $25 for the membership, $10 fee for each submission form, $20 to grade a modern note (maybe more for attribution of the fancy serial number), PMG is going to charge him a minimum of $23 to ship something back, he's going to have to pay something to ship it to them. So he'd have to be out at least $80 to get that graded. If he was grading some other things with it to spread out the costs of the shipping to and from and the cost of the membership it would be better, but I'd have a hard time justifying it for that alone.

Shipping anything with a tracking number is probably going to cost you at least $4. Shipping all 15 of the notes I shipped to PMG recently cost me $11.40. Return shipping will run about $27. So that's about $2-3 in shipping there and back for 15 notes vs $27 to ship one thing there and back... the economics of this (shipping in particular) naturally favors submitting lots / as much as possible at a time. And that's before you even get into bulk grading discounts and elite tier memberships.

It ain't cheap to have one note graded. An individuals ability to accurately determine grade, let's say within one level, on a note like that is key if one is trying to sell and be profitable. Ninety nine out of a hundred a person is better off selling the note as is, if that's there end goal.

The reverse reminds me of one of those old Wheel Horse walk behind tractors, looks like a sprayer attachment on this one. Those walk behinds are fun machines.

10 hours ago, David_Grand said:

I got this out of a bunch of $2.00 bills I got at the bank the other day.   The number on it looks the same right-side up as it does upside down!.   Putting it on eBay.

https://www.ebay.com/itm/184862192011

That type of fancy # is called a rotator, good luck on the auction. 

Another day another dollar.

56 minutes ago, BHTimeless said:

When I worked at a bank 6-7 years ago, we got a shipment of $2 bills in from the BEP and I was able to exchange out this beautiful uncirculated $2 bill with the serial number L27772777A. I was recently talking to a friend and he said I should get it graded and see if it's actually worth anything. It's super cool, and went the unopened back from the BEP to a paper money envelope to a case, so it is truly uncirculated. Just wondering what it might be worth!

It's a repeater, a fancy number, nice!

Is it worth grading?  I'm on the fence. You could probably get between $20 - $50 for it as is, if you submit it will cost around $40 to have it graded (you also have to get a paid membership, I don't remember what the basic plan costs. Probably another $40.) and depending on the grade you might get $100 - $300 maybe. If you're not sure of the grade and don't know anyone who is familiar with banknotes, I'd probably keep it or sell it as is. If you do a little research and see if it's from a low production run, has an unusual plate paring, etc. then that might tip the scales in favor of grading. 

1 hour ago, BHTimeless said:

he said I should get it graded and see if it's actually worth anything.

You should research the note first, make a determination of grade then check sold listings of ungraded and graded notes on ebay, Heritage Auction, Great Collections, etc.. to get an estimate of value and then make a determination of whether to grade or not.

Let's start the weekend off right, with some notes!

2 hours ago, Revenant said:

But I think the bit about "low grade and common notes" is important here, because the vast majority of the notes that most of us have are either low grade or common.

Absolutely, 100% agree.

2 hours ago, Revenant said:

Except, of course, for the P-72!

You're killing me! 

11 hours ago, Revenant said:

I'm not sure new generations will continue to have interest in this as it all becomes historical novelties with no relevance to them.

The personal connection might be gone but the historical relevance will still be there. I imagine money/note collecting will fall into a similar vein as art, fossil/mineral, books/manuscripts, arrow heads, ephemera,  etc.. People like to collect and they will continue to collect notes and coins for decades to come. I just can't see the collector base shrinking in size, it will continue to grow, but a loss of market share can and probably will happen at the same time. Low grade and common notes will remain low, high grade and rarities will climb. I just have a hard time envisioning much will change overtime other than the prices due to inflation or a gradual increase in value. Teleport me 50 years into the future and there will still be a bunch of >40 year old individuals bidding on banknotes. Telepathically maybe? 

5 hours ago, Ali E. said:

Hello, and thanks for the request, Mike. We will create this new set in the coming weeks:

Yugoslavia, 1963-Date, P73-Date, Specimen

Sweet! 

Also thank you for the very nice write up last month in the featured set article. One of the best, I think, but I guess I am a little bias. 

Thanks Again Ali!

Just thought this one was cool, it has a Crouching Tiger Hidden Dragon vibe going on. I think.

Or maybe a hood ornament?

Hi,

Could a Specimen set be created that included the following notes?

1908046-010

8077604-039

8077604-038

8077604-037

Thanks,

Mike

I may start a Signature set of ancient ruins in the near future, we'll see.

Just arrived today, I really love the artwork on these notes. 

1 hour ago, Mom Boss said:

Hi there.., So I’ve been collecting coins and currency for some time now about 6 years. I’m starting to send out my coins to get certified which I know a little more about than paper money. I do have an eye for star notes I just came across two of these and was wondering should I send them out to get certified. I don’t know how to lookup paper money by serial number to know the value of it or if it’s even worth sending them out. If not I’ll still keep them because of the condition and the serial numbers almost match. 

Condition is everything, yours appear to be in good condition but it's impossible to say if they would grade high enough to be worth sending in without seeing the back and in person. Star notes do pull a premium over face but it's not enough to cover the grading fees. Most likely they are not worth sending in but they are definitely keepers all the same.

You can find BEP production numbers here U.S. Bureau of Engraving and Printing - Monthly Production Reports (moneyfactory.gov) FYI, it looks like they printed 639,999 notes in that run, not a small batch.

If you're talking about sending notes to PMG for grading, I'd start here.

How to Submit | PMG (pmgnotes.com) 

Do you have a more specific question about submitting?

3 hours ago, Weezard said:

PMG certification show this note have EPQ but it doesn't show beside 65 mark. 

PMG did not always put EPQ on the holders, I think for anything over 65 it was implied.

I can see how it would be a little worry some, the no picture/no EPQ, but I believe the note and holder to be authentic. If you're still concerned, I'd return it. You can post this question in the Ask PMG section of the forum as well and you may get more in depth answers.

4 hours ago, Weezard said:

Hi, recently I've bought a US1 dollar 1969 grading by PMG (1004114-095). Been check at verify PMG certification have this item but without picture. The packaging of this item very thin and quite a lot different of my some PMG collection. I feel that been cheated by the seller.

PMG didn't/doesn't take pictures of every note, I think particularly in the past and with bulk orders, I believe that's changed now. At any rate can you post a picture of the note/holder in question, front and back? The only way to verify is get some opinions based on pictures or send the note in to PMG and have it regraded. I wouldn't go through the trouble of sending it back to PMG for authentication, if you feel the note and or holder are not authentic then you should return the note to the seller and get a refund.

9 hours ago, NTuttle said:

 If I understand the cost of grading they offer reduced rates for sequential bills of 50 or more.

Yes, I've never done a bulk submission but according to the website it should run around $20 a note when it's all said and done. Others may chime in who have done bulk submissions.

9 hours ago, NTuttle said:

I’m wondering if it it’s worth paying the $299 membership and submitting my block of 50 sequential Splash Mountain bills.

For the most part it's all about the grade, high grades pull in more money. It's all about your skills as a grader or if you can find someone to help you, a local coin shop might be a good place to start. We can only tell so much from pictures having the note in hand is a must to determine grade and if I had to guess, most of your notes are on the fence and you'll have to take a cold hard look at them to make submitting worth your while, if submitting to sell and turn a profit. If your submitting for your own collecting interest it's a different story, I'd still pick out the best ones and only submit a few of each type of note, keep the best ones and sell the low end ones. I've been looking a little more and it seems like 65 is a breakeven point for the more common notes.

Those look pretty good, they appear to be in good enough shape where they might benefit from grading. The Mickey looks to be a little worse off than the Splash Mountain, on the Mickey the lower left corner looks like it has a stain and the corner is rounded, the upper left corner seems rounded as well and the margins are off left to right. I'm only saying this to give you an idea of what to look for on you notes, the margins aren't a deal breaker but if that's a stain and corner damage those could be. If you did a bulk submission, 50 note minimum, it would probably run you around $20 a note, including the shipping and handling, to have them graded. I don't know enough about this series to tell you what the break even grade would be for each note but I suspect you have a few that are worth the price of grading if you know what to look for. A couple of other things to consider is you probably don't want to flood the market with similarly graded notes and you might have to sit on these for quite awhile to get top dollar after they are graded. If your just looking to turn a quick buck, I'd probably just sell them as is. Especially if you're unsure of what to look for in terms of grading notes.

Maybe. Can you post a picture of the note you think is in the best condition, front and back?

In general, having a note graded can help increase the value IF it grades high enough but the grade is 100% based on condition and too often what people think is an uncirculated note ends up being not. There are of course rarities where condition is not as important but those are few and far between.

All you need is the $1 & $5 to complete the set, you could probably pick up the other two denominations for $10 - $20 a piece in UNC condition. Or the whole set for around $45, uncirculated.