mmaximo001-migration Posted March 8, 2006 Report Share Posted March 8, 2006 (edited) In regards to what has been discribed and sold as a yellow seal or golden seal 1953 $2. note. I'm not going to say where I saw it for sale because I don't want to violate any rules on any site. This said note is selling for much higher then the same note in UNC or AU condition. A local coin dealer said there is no such thing as a 1953 golden or yellow seal $2. ( not sence 1928 ) It must have been altered by the seller or someone else. I'm sad to say that Do to the high demand for this type of note, I was tempted and purchesed one VF, off centered, with several folds. But based on many of the others I saw selling, I made a fair buy. If anyone has any information regarding these type of notes, Please let me know. I'm new at collecting and to this site and assume this may have already been discused? Edited March 8, 2006 by maximo7 Link to comment Share on other sites More sharing options...
paperchaser-migration Posted March 8, 2006 Report Share Posted March 8, 2006 Can you post a picture? would be interesting to see the note itself. Link to comment Share on other sites More sharing options...
mmaximo001-migration Posted March 8, 2006 Author Report Share Posted March 8, 2006 A Scan can be found in attachments. Link to comment Share on other sites More sharing options...
paperchaser-migration Posted March 8, 2006 Report Share Posted March 8, 2006 Hmmmm, I've never seen one like that. You certainly should have it authenticated ; IF you believe it to be an actual product of the BEP. Link to comment Share on other sites More sharing options...
mmaximo001-migration Posted March 8, 2006 Author Report Share Posted March 8, 2006 I've been reading the past posts for a couple days now and with the people viewing and responding to this site, I should have the answer by the end of the weekend. Thank you for taking the time to look. Link to comment Share on other sites More sharing options...
paperchaser-migration Posted March 9, 2006 Report Share Posted March 9, 2006 Maximo, I've been re-reading the posts and since you are new to paper money collecting, I'd like to encourage you to join the Society of Paper Money Collectors if you are not already a member. This organization is DEDICATED to the paper money collector. ( www.spmc.org ) Link to comment Share on other sites More sharing options...
mmaximo001-migration Posted March 9, 2006 Author Report Share Posted March 9, 2006 Thank you for the this Information. I Viewed The Society Of Paper Money Collectors web site and It is currentely saved in My Favorities. I also downloaded the Membership form and will continue to review said site for possible Membership. Thank you Paperchaser. . Link to comment Share on other sites More sharing options...
jayjay2789 Posted March 12, 2006 Report Share Posted March 12, 2006 I am not sure, but i believe this was an ink error. I have seen many being sold on ebay and i have also seen all yellow 1953 notes being sold (with no red print). I would like to know what money graders refer to this as though, please let us know with your finds! Thanks! Link to comment Share on other sites More sharing options...
comicdonna Posted March 12, 2006 Report Share Posted March 12, 2006 I have a 1953 $2 red seal. It's probably about worthless right. Link to comment Share on other sites More sharing options...
jayjay2789 Posted March 12, 2006 Report Share Posted March 12, 2006 Chances are.......yup Link to comment Share on other sites More sharing options...
mmaximo001-migration Posted March 13, 2006 Author Report Share Posted March 13, 2006 I was hoping to obtain the info regarding the color of the seal from this site. If not, I was planning on contacting a grader to have others in my collection graded. If they have the answer, I will let you know. In regards to comicdonna, The best way, I have found, to determine the value of a note, is the Bay. It's been my findings that most notes have an average sale price, taking into account the year and the condition of the note. Graded notes appear to sell for much higher then non graded. That is why, I'm planning on contacting a grader. Based on what I have found, A 1953 $2 red seal sells for approx. $8.00 - $12.00 for said note in AU ( Almost Uncirculated ) or UNC ( Uncirculated. I hope this helps. I have three 1963 $2.00 in sequence 7370/71/72 ( see attachment ) I've found that notes like these have a higher resale value then non graded. Does anyone agree? Link to comment Share on other sites More sharing options...
paperchaser-migration Posted March 14, 2006 Report Share Posted March 14, 2006 The "value" of any particular note is what someone is WILLING to pay for it. In my opinion, the Bay is NOT the place to determine the "value" of a note. Maximo, I notice you reside in SW FL. May I suggest you attend the annual Florida United Numismatists (FUN) annual convention and I highly recommend the International Paper Money Show in Memphis, TN each year. Link to comment Share on other sites More sharing options...
mmaximo001-migration Posted March 14, 2006 Author Report Share Posted March 14, 2006 (edited) I absolutely agree that the Value of a note is what a Person is willing to pay for it. In that regard. Isn't the BAY a good source of obtaining this information, due to the large volume of listings and sales to a worldwide costumer base. If anyone knows of another source with similar worldwide attention and participation, Please let me know. I'm not attempting to appear as a spokesman or advertisement to the BAY. I only provided this source as a one of many possible means of obtaining the average Selling price of goods in general. In response to paperchaser, I do plan to attend a local convention or show in the near future. Upon first review most appear to be out of My State. I will look into the Annual Florida United Numismatists ( FUN ) convention. Thank you. Edited March 14, 2006 by maximo7 Link to comment Share on other sites More sharing options...
drsvenghali-migration Posted March 22, 2006 Report Share Posted March 22, 2006 Yellow seal twos are faked errors (and any other United States Note). I'm not sure of the chemical process but they are altered outside the BEP. Looks like a boy scout chem lab experiment. Link to comment Share on other sites More sharing options...
MunkyMan95 Posted March 22, 2006 Report Share Posted March 22, 2006 I saw one of these at a local coin shop, except it was a 1928 two... I assumed it was a North Africa note? Link to comment Share on other sites More sharing options...
drsvenghali-migration Posted April 7, 2006 Report Share Posted April 7, 2006 Nope altered. Link to comment Share on other sites More sharing options...
