CameoCC

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Posts posted by CameoCC

  1. I am wondering if someone could help me on the value of these notes:

     

    $2 1976 Star Note (FR #1935-C*) from the 1994 coin & currency Jefferson set graded SGU67 PMG (Exceptional Paper Quality)

     

    $1 1995 (FR #1921-E) from the 1997 coin & currency Botanical set graded SGU67 PMG (Exceptional Paper Quality)

     

    $1 1999 (FR #1925-G) from the 2000 coin & currency Millenium set graded GU66 PMG (Exceptional Paper Quality)

     

    Todd

  2. If you want to order these notes, here is the information. They are limited to 20 notes and only one order per customer:

     

    Contact: Catherine Fox

    Thank you for your interest in the Jack Nicklaus commemorative 5GBP note. Each note costs $10, which includes regular postage. For certified mail please add an additional $2.30 per package, for registered $8.00 per package and FedEx Delivery $10 per package.

     

    Checks should be made payable to The Royal Bank of Scotland. We are not able to accept wire transfers or credit cards. The maximum amount of notes that can be purchased by any one customer is 20, a figure which is subject to change depending on demand. Checks should be sent, together with your name, mailing address, preferred method of postage and number of notes required, to:

     

     

     

    Jack Nicklaus Bank Notes

     

    The Royal Bank of Scotland

     

    101 Park Avenue

     

    New York

     

    New York 10178.

     

     

    Todd

  3. Here is the link I found this information at:

     

    http://www.harrybassfoundation.org/basscatalogs/BASSSALE1/b1-1-d.htm

     

     

    Also, from the other side of the street:

    Gnat said:

    "The single best source for this information is Gene Hessler's Comprehensive Catalog of U.S. Paper Money, the 6th edition is the most recent (I don't know the status of a supposed update). Other sources are more diverse, such as articles in Paper Money magazine (the Society of Paper Money COllectors official journal."

     

    I order this today.

     

    Todd

  4. I know the designers of coins but are there any books or reference materials that discuss the designers of large size notes?

     

    I did find this yesterday from the Bass collection.

     

    "The designer of the "Indian Chief" note: The much-admired vignette of the Sioux Indian chief displayed on the $5 notes of 1899 is the work of Raymond Ostrander Smith, an engraver of many talents. Hired by the Bureau of Engraving and Printing in July 1897, he remained there until 1902, when he went to Chicago to work for the Western Bank Note Company, which at the time was a producer of security documents (bonds, stock certificates, etc.). Later he worked for the American Bank Note Company, in whose employ he remained until his death in 1933.

     

    In addition to the $5, among other work in the Series of 1899 notes, his $1 with the American eagle, the U.S. Capitol, and Lincoln and Grant is important, and his $2 portrait of Washington flanked by the personifications of Mechanics and Agriculture is similarly so. He also created portrait motifs for the $5, $10, $20, $50, and $100 Third Charter Period notes issued by National Banks. For the 1901 Pan-American Exposition in Buffalo (the event attended by President McKinley, at which he was assassinated) Smith created the full run of commemorative stamps of 1¢, 2¢, 4¢, 5¢, 8¢, and 10¢ denominations."

     

    Thanks for your help in advance.

     

    Todd

  5. Update

     

    I have talked with a person, who remains un-name at this time, who is considering coordinating this opportunity.

     

    The idea would be to work with the BEP and congress to pass legislation and bring this to a reality.

     

    I have received contacts from collectors and dealers like you who support the notion and believe this is a win for all parties.

     

    So far, the change in the proof note from the non proof note would be the paper.

     

    I am looking for ideas. Please feel free to reply or contact me direct if you have any suggestions.

     

    Todd

  6. cpm9ball,

     

    My comparison of Statehood quarters is forced, but the FRN's are a new an emerging market and no one knows what they will do. I do think buying FRN's is an opportunity and risk for both currency collectors and coin collectors.

     

    What do they say, "no risk, no gain."

     

    I will do as you suggest and let both of us see what the collectors say, both in the marketplace and TV.

     

    Todd

  7. whoopig01,

     

    One can debate the merits of traditional notes compared to modern notes and there respective values, but it is a no win debate. It is like comparing traditional coins to modern coins, each side believes they are right and the other side is wrong.

     

    I choose to collect because I enjoy the note or coin, not because one’s opinion is that one is real collecting while the other is not.

     

    Todd

  8. whoopig01,

     

    Fair enough.

     

    Based upon the limited knowledge I have and the several hundred notes we have submitted to PMG, one of the main causes for a higher grade is the centering of the print on the note. I have looked at ten times the amount of notes we have submitted and found that centering is a major problem with notes. I have been told that the BEP has four stages for the printing of notes. First they print the back, next the print the front, then the serial number and seal and finally they cut the sheet into individual notes. Each of these stages may cause the print to misalign on the note. Perhaps currency collectors will now start looking at the centerness of each note and then realize that some notes are rarer than others.

     

    If one were to look twenty years down the road, I wonder how much greater value the collector will find in today’s notes even if it has a premium cost today?

     

    What do you think?

     

    Todd

  9. Jamericon,

     

    Your points are well taken and I agree that a certified coin can get stupid numbers from one grade to another. For example: a 1926 Sesquicentennial in MS64 has a Greysheet of $450/$490, while in MS65 it is $4000/$4400.

     

    Today, a certified note may demand a premium, but was not the same true with the early PCGS and NGC coins (1987-1990)?

     

    One has to remember why ANACS, PCGS and NGC were created. Here is a quote from the PCGS website, "In 1985, a small group of the nation's leading rare coin experts recognized that in order for the rare coin industry to realize its potential, several serious problems needed to be addressed. Market participants soon became aware that one of the fundamental factors in determining rare coin values is the physical condition, or grade, of the coin. They learned that a coin graded Mint State 65, for example, may have market value many times greater than the same coin graded Mint State 64 -- although the difference in an MS65 coin and an MS64 coin may be virtually undetectable to the untrained eye. A coin sold by one dealer as an MS65 may be sold by another dealer as an MS64 (or less). In some cases a coin buyer could be victimized by product misrepresentation. In other cases, he was caught in the middle of a dilemma of wide ranging definitions due to the absence of a true standard. In other situations, they were simply caught in the middle of divergent definitions, due to the absence of a universal standard."

     

    Could not the same be true of currency?

     

    The next question is, how big is the market for certified notes? We believe that there is a huge potential for certified notes just as there is for coins. After all, with over 20,000,000 certified coins in the marketplace that is alot of collectors. Could currency achieve this? I think yes.

     

    We have just started to certify currency and the reason is that we think there is demand for certified currency in the marketplace. I will say that there is much to learn and the NGC message board is a good place for school.

     

    Todd

  10. Jamericon,

     

    OK,

     

    You said, "So there is no other reason aside from certification which justifies overpricing these notes."

     

    The only comparison I can think of is a certified coin. So, are certified coins overpriced? If so, then why do so many certified coins sell and why do so many collectors collect certified coins? Between NGC and PCGS, they have certified over 20,000,000 coins.

     

    The main reason why a certified note or coin cost more, in my opinion, is that you have a know grade instead of an unknown grade. How many times have you heard about a person going to a coin shop or coin show trying to sell their coins and having to debate the quality of the raw coin? If the person inherits the coin or collection, they are huge disadvantage for they do not know what the true grade of a coin is. This disadvantage is neutralized with a certified coin. I would suggest it is in the collector’s best interest to have a certified coin as well as a certified note.

     

    As an added benefit to a certified note or coin, one has the protection of the note or coin housed in a sealed holder and a guarantee that the note or coin is the grade stated on the holder. One does not have the same benefit with a un-certified note or coin.

     

     

    Todd

  11. Thanks for your reply. We approach these notes from a value standpoint. The PMG is not even one year old and we believe that these notes in GU66 are worth these prices.

    Here are two reasons:

    1. We view these notes like the beginning of the certified Statehood Quarters. Just the 1999 Statehood quarters have increased in value three to five time over the last five years.

    2.When PCGS and NGC started, the pool of available coins was larger then and as a result the best coins when in first. Today, twenty years later, the pool of coins is much smaller and one can not find the same coins as they did twenty years ago. I believe the same will be true with currency. Today the pool is large and there is a better chance to find a high quality note, like GU66. As time moves forward, the pool will grow smaller, which will cause the price to go higher.

     

    Where can I get these PMG notes for:

    $1 2003 GU66 PMG FRN Philadelphia Fr#1928-C $14.98

    $2 2003 GU66 PMG FRN Minnaepolis Fr#1937-I $17.00

    $5 2003 GU66 PMG FRN Cleveland Fr#1990-D $20.00

     

    This is a emerging market and would like to gain an understanding of how one determines the worth of notes?

     

    Todd

  12. We have a small group of the 2003 FRN notes available. The GU66 grade is equal to a MS66 Statehood quarter type grade. You can call me at 800.954.0270 if you have an interest in any of these. Here is the pricing.

     

    $1 2003 GU66 PMG FRN Philadelphia Fr#1928-C $29.98

     

    $2 2003 GU66 PMG FRN Minnaepolis Fr#1937-I $33.98

     

    $5 2003 GU66 PMG FRN Cleveland Fr#1990-D $39.98

     

    Todd

  13. I will be talking with several people who might be able to help facilitate the BEP towards the goal of producing a yearly Proof currency set.

     

    Here are the thoughts so far.

     

    One, we would need to work with ICTA and gather a petition showing the demand among collectors.

     

    Two, would the BEP have to have separate plates from the standard plates used in notes and if so how would these plates be different?

     

    Three, what distinction would exist between the standard note and a Proof note? (Serial numbers, location, color, etc.)

     

    Four, what would be the mintage?

     

    Five, what ink could be used to create a PL of cameo effect? Perhaps a thicker ink – I do not know.

     

    Any help you could provide would be helpful.

     

    I think a Proof note would be good for the BEP and collectors.

     

    Todd

  14. I was just thinking about whether or nor the US could produce a Proof Note?

     

    I guess I would really like to know how one would go about asking the BEP to make a Proof Note. Say a Proof set each year. They could make a $1, $2, $5, $10, $20, $50 and a $100 year date set.

     

    Any thoughts?