Negatives
? Too many different varieties - causes collector confusion
? Too many issuers ? states, banks, rail roads, private companies
? Certain individual issues too rare, not enough notes for collectors
? No established or consistent pricing
? No consensus on which notes are desirable
? Confusion between proofs, specimens, advertising notes, scrip, unissued, and issued varieties
? Poor quality of paper, most issued notes tend to be of low quality
? Poor quality of vignettes in early notes
? Possibility of counterfeits
? Possibility of new hoards of undated unissued notes flooding the market
? Cut or hole cancellations reduces attractiveness and desirability
? Low representation for western states
? No official population reports
? No registry sets at NGC or PCGS
? No established catalog numbers to uniformly identify individual notes
? NGC and PCGS graders don?t seem to use uniform or consistent system for identifying notes on grading labels
Positives
? Many varieties to choose from
? Many issuers to choose from
? Low prices compared to significantly over-priced Federal currency
? Low prices compared to higher population Federal currency
? Low prices compared to much newer Federal currency
? Many unissued notes are readily available in high grades, despite being much older than most Federal currency
? Spectacular vignettes on some notes, much more interesting than most Federal currency
? Historical significance of scenes of daily life during 1800?s
? Historical significance of notes from states prior to their admission as states, when they were still territories of the U.S.
? Interesting vignettes depicting allegorical events and figures
? Interesting signatures of historical figures, mostly hand-signed
? Spectacular color on some notes, much more interesting that most green-back Federal currency
? More variety than Federal currency
? More availability than older Federal currency from 1800?s
? Older than most Federal currency
? More ways to collect, more interesting themes to collect
? More potential for future price appreciation than over-priced Federal currency
? Lack of collectors and investors keeps pricing lower
? PCGS and NGC will grade obsolete notes
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