need some advice on estimating the fair price for notes.

[GW]

need some advice on estimating the fair price for new notes.

 

i saw that someone here had an equation for calculating the price of notes.

number printed, grade, etc., but i can't find it now.

 

auctions, price lists, etc. can show what people have paid, which could be more

than what the note is acutually worth, but not really what the true fair price should be.

 

does anyone here have an "equation" for calculating

the fair price for notes that do not have a history of purchases ?

 

thanks

 

[mintcollector]

I wasn't aware there was any other way other than looking at past auction/dealer sales. This is what I currently do. The 'green sheet' is way too low, the Red Book is sometimes, not accurate; therefore, I would check Heritage archives...

[GW]

good idea, i always check Heritage archives. but they are the auction sale prices,

which may not always reflect what the true value of a note is.

 

an example would be having a note that lists as $1,000

the note could still sell for more or less than the estimate.

but how was that $1,000 baseline price created.

 

how does a dealer know what sale price to use for a new note.

that does not have any previous sale prices.

 

i'm looking more for an "equation" rather than past sales.

 

thanks

 

=================

here is an article i found.

 

How to Calculate the Value of a U.S. Federal Reserve Note

 

Read more: How to Calculate the Value of a U.S. Federal Reserve Note | How.com

http://www.ehow.com/how_5863591_calculate-value-u_s_-federal-reserve.html#ixzz1CZj5S2AF

 

Consult a standard reference to estimate the value of the particular notes you

have, such as "A Guide Book Of United States Paper Money: Complete Source

for History, Grading, and Prices" (otherwise known as the Red Book). Or look on

currency dealer's websites or auction sites for a general idea how how much a

note will be worth if sold as a collectible.

 

[SouthFlorida guy]

 

Does the PMG offer varification like the NGC does? I'm very new to currency and I was looking at a note but I have no idea what the current value is. With coins I just go to the NGC home page and click on this link...

 

http://www.ngccoin.com/certlookup/index.aspx

 

PMG have a link like this? ^^

[GW]

for PMG varification, goto:

http://notes.www.collectors-society.com/notes/lookupcert/Default.aspx

 

after you look up the note, then goto:

Population: See PMG Lookup

 

sometimes there are prices listed next to the grades. sometimes not.

 

you should be able to use your same NGC Login/password

to get access to the PMG information.

 

[SouthFlorida guy]

 

sometimes there are prices listed next to the grades. sometimes not.

 

 

I noticed that.

 

PCGS doesn't seem to give prices.

 

CGA doesn't either, to my knowledge.

 

This has been, and will be a big reason why I don't collect notes. I've seen the same exact notes sell for a 200-400 dollar spread. At least with coins you have an idea of current fair value.

[mintcollector]

 

sometimes there are prices listed next to the grades. sometimes not.

 

 

I noticed that.

 

PCGS doesn't seem to give prices.

 

CGA doesn't either, to my knowledge.

 

This has been, and will be a big reason why I don't collect notes. I've seen the same exact notes sell for a 200-400 dollar spread. At least with coins you have an idea of current fair value.

 

This isn't entirely accurate. I collect both coins and notes, and actually prefer notes. First, the collectible market for notes is still expanding and prices, when compared to coins, are actually a lot cheaper. Second, coin prices vary greatly. I personally hate toning, therefore, I can't buy too many coins online. Also, the spread between 'rainbow toned' coins and other coins is fairly high; for whatever reason. For me, notes are easily to buy and collect and I truly believe that the market will continue to trend upward. I would suggest that you at least try to find more pricing info. Keep in mind that the market for graded coins has been around a lot longer than the market for graded currency, this is why finding truly accurate info can be hard.

 

May I also recommend that when buying graded currency you only stick to PMG and PCGS graded notes...

[GW]

i see coins, currency or anything, vary in price.

coins may have more and better price data that has been created over the years. and a more refined price lists,

NGC is doing a great job with their new NGC Coin Price Guide.

 

Collecting is a hobby of seeking, locating, acquiring, organizing, cataloging,

displaying, storing, and maintaining items that are of interest to the individual collector.

 

i thank the pioneers of currency collecting for doing what thay can for the hobby,

we just need continued improvement.

 

 

[mintcollector]

I think in time more 'concrete' calculations will be readily available. Keep in mind that unlike coins and comic books, graded currency has only been around for half a decade or so. Not much time for true valuations to develop.

 

Even the market for graded comic books has GPA, a price analysis tool. Maybe someone will one day develop a tool like this for graded currency? Who knows...

 

As for 'raw' currency, I honestly wouldn't even know how to value it or attempt to calculate it...

 

This is why I collect graded currency only.

[Jenna S-migration]

Good afternoon,

I wanted to clear up this statement:

"you should be able to use your same NGC Login/password

to get access to the PMG information"

 

Because NGC & PMG are separate companies we do enter your passwords separately when we set up your accounts. If when you try to log into PMG’s site with your NGC login/password & it does not work please contact PMG customer service and we will get it set up for you with either the same password as your NGC account or a new password of your choosing.

 

Thank you.

 

Jenna Schultz

PMG Customer Service

877-PMG-5570 Ext 238

941-309-1002 Fax