John91C Posted October 16, 2015 Report Share Posted October 16, 2015 I have an opportunity to buy this from a friend. He said he purchased it many years ago and now wants to sell it. I'm pretty new to paper money. Can anyone help me as far as grade, value and if it's counterfeit? Thanks for any help! Should I get this graded? There is a small tear at the "FIVE" about 3/4" long. Link to comment Share on other sites More sharing options...
Nutmeg Coin Posted October 17, 2015 Report Share Posted October 17, 2015 That is a good deal even with the tear. Link to comment Share on other sites More sharing options...
Techwriter Posted October 17, 2015 Report Share Posted October 17, 2015 That is a good deal even with the tear. I agree--go for it, depending on price which you can negotiate. You mentioned seller wanted $650 but there was some leeway, go for the leeway. Probably would grade as a VF 30/35 with probably a NET or Apparent notation due to the tear. Let us know how you come out please. Link to comment Share on other sites More sharing options...
Nutmeg Coin Posted October 18, 2015 Report Share Posted October 18, 2015 It looks like the only real defect is the tear, in a holder it would be more saleable and could be submitted with other notes on an economy tier at around $20 each at which point if it graded VF35 net or so it would be worth more. What do you want a dirty, folded up note with lots of wear but no tear or this one? Link to comment Share on other sites More sharing options...
Techwriter Posted October 18, 2015 Report Share Posted October 18, 2015 It looks like the only real defect is the tear, in a holder it would be more saleable and could be submitted with other notes on an economy tier at around $20 each at which point if it graded VF35 net or so it would be worth more. What do you want a dirty, folded up note with lots of wear but no tear or this one? Agreed! Link to comment Share on other sites More sharing options...
John91C Posted October 21, 2015 Author Report Share Posted October 21, 2015 I was able to pick this note up for $600. What's the next best option? I want to keep it but should I keep it raw or send it into PMG or PCGS? Link to comment Share on other sites More sharing options...
wheat'swheats Posted October 22, 2015 Report Share Posted October 22, 2015 with tear it has I would put it in a mylar holder and leave it alone Link to comment Share on other sites More sharing options...
Techwriter Posted October 22, 2015 Report Share Posted October 22, 2015 with tear it has I would put it in a mylar holder and leave it alone I sort of agree with wheat'swheats but it's your choice. If you plan on selling it then it's probably worth the grading time and fees. If you're going to keep it then by all means on your label be sure to mention the tear. Good luck and if you send it for grading please let us know how it comes out. Link to comment Share on other sites More sharing options...
Nutmeg Coin Posted October 23, 2015 Report Share Posted October 23, 2015 Find a reputable dealer who is a member of PMG and get it graded on the economy tier; it should run around $20 and take a couple months. Link to comment Share on other sites More sharing options...
CSdot Posted October 31, 2015 Report Share Posted October 31, 2015 with tear it has I would put it in a mylar holder and leave it alone I sort of agree with wheat'swheats but it's your choice. If you plan on selling it then it's probably worth the grading time and fees. If you're going to keep it then by all means on your label be sure to mention the tear. Good luck and if you send it for grading please let us know how it comes out. Curious why you tell him to "by all means on your label be sure to mention the tear" if he keeps it? Why, so he can be reminded of the flaw every time he wants to enjoy his note? If he was selling it, then I could understand your advice. It's his bill, and if he's keeping it, he knows it has a slight tear. Link to comment Share on other sites More sharing options...
SmallSizeFanatic Posted November 19, 2015 Report Share Posted November 19, 2015 Late to the party. Nice note and a decent deal. Link to comment Share on other sites More sharing options...
Techwriter Posted November 19, 2015 Report Share Posted November 19, 2015 CSdot, sure he knows about the tear; but his heirs may not. Link to comment Share on other sites More sharing options...
Steve in Tampa Posted November 20, 2015 Report Share Posted November 20, 2015 Unfortunately, the bitterness of the tear will remain long after the sweetness of the low price is forgotten. Just my opinion. Link to comment Share on other sites More sharing options...
jtryka Posted November 24, 2015 Report Share Posted November 24, 2015 I think that is a great deal! Congrats! Link to comment Share on other sites More sharing options...
johnny9434 Posted November 28, 2015 Report Share Posted November 28, 2015 a nice looking note for sure. Link to comment Share on other sites More sharing options...
Nutmeg Coin Posted December 17, 2015 Report Share Posted December 17, 2015 All the ugly and worn $500 notes I see getting sold for $650 and above, make this one look really nice for the money. Link to comment Share on other sites More sharing options...
