PMG Journals

 

New Note for Collection

This Thomas Flynn Fr. 774 "battleship" note was sold for $6,037.50 in April of 2008. The same note sold for $4,312 in 2014. I just picked it up at auction for $3231.75. This is 46% reduction in 9 years. I wish there would be a really good article on how much the currency market has softened quite a bit. One vendor says the premium for low serial number specimens has dropped out the bottom. Interesting since there are Bison notes and other low serial number notes still going for several hundred thousand dollars up to over a million. It seems one needs to be really careful with the premium on low serial number notes. I never thought it was worth it anyway. I thought it was an interesting and nice feature to have but never bought notes for any serial number feature (low #, ladders, radars etc....) Happy collecting. 

Sheik Sheck

Sheik Sheck

06/24/2017

Last Reply:
09/29/2017

 

Retouched

This is being offered at auction by Heritage in their Long Beach, 2017 September auction. I have heard "retouched" used in the context of "this note is to be avoided at all costs" to "I don't pay attention because the note appearance is all that matters." I lean more and more to the latter looking for bargains on notes that are not "NET" but some negative comment is on the back. I believe you can snatch some good bargains on notes with comments that are not "NET" A tear that you can't see on a scan, an inclusion, pinholes...etc, is not given the "NET designation and is a wonderful note. Especially, "closed pinholes" is another potential bargain generator. Look at my Fr-1184, it says "closed pinholes" on the back, their is no "NET" designation and the reverse is one of the most gorgeous I have seen for a $20 Large Gold. I have seen 40's and 45's of the Fr-1184 and their reverse doesn't have half the eye appeal of mine. Sure, we all want GEM-EPQ notes but if you are serious about building collections and you're not incredibly wealthy, then I am really trying to use my eyes! I have seen so many 35's that look better that much higher grades. SO I was really piqued by Heritage's definition of "Retouched" on this Lincoln $5 portal.  I have copied Heritage's advertisement for this note verbatim below. Look at the note your buying and if it is not "NET" but has comments, don't walk away from a beauty because PMG didn't precisely define what was retouched!!!! Heritage's Description  282 $5 1923 Silver Certificate PMG Choice Very Fine 35.
Very beautiful, lightly circulated porthole that PMG has anointed with their cryptic comment, "Retouched," which over the years we have found can mean almost anything or often nothing at all. The note could have a minor repair, a little artwork, or be entirely problem free. The comment reminds us of the old, unfunny joke about Tarzan swinging from vine to vine, wearing his new glasses, then jumping to a nonexistent vine, which was a crack in his glasses, and slamming to the ground. Poor Tarzan...Poor PMG...Poor consignor. There is a lot of value in this "Retouched" note. 

Sheik Sheck

Sheik Sheck

08/02/2017

 

ADDING - ONES in JULY 2017 - MORE NEW ONE DOLLAR NOTES

Over the last six month I have been collecting some of the small size one dollar notes, I have added one dollar notes to Master Set and the overflow sets. Over one hundred notes are in PMG for grading, of that sixty were added to the sets. All the sets were updated with the addition of notes. The remaining will be added at a later date. The notes cover from added in 1963 thru 2013 series notes, and the first sixties were added in June and July of 2017. The master set was rework to add higher graded notes of 67 EPQ and taking 67E to 125 within the set. At the same time the one dollar notes were also updated the other sets. Also the 1988A F star Web notes was also added to the set to complete 1988A Web series.  Also some new two dollars notes cut from BEP sheet were also added to the sets.  With the addition of new notes it's move the collection into ninth place.

STEVE R

STEVE R

07/04/2017

 

ADDING - ONES in MAY 2017 - MORE 2013 TWO DOLLARS NOTES

In the last updated of www.uspapermoney.info on May 10th its shows the new runs of Two Dollars Notes from the Fort Worth Facility an listed as Fr #1940, to complete the set of notes for all 12 Federal Reserve Districts, the runs cover the first A/A, C/A, D/A, G/A, H/A, I/A, J/A with one runs each of 6,400,000 in each run. The order notes with two runs were the E/A with a total run of 12,800,000 and L/A with a run of 5,120,000 and the B/A with a large run of 57,600,000 the other run were the F/A  with a run of 3,200,000 and K/A with four runs of 38,400,000 in this run, this complete this runs of twos. The New York B star with a run of 3,200,000 to complete this series of notes, the F and L stars with a run of 3,200,000 to complete this series of notes, the F and L stars are printed and in the set. This complete this set of block runs, to see if BEP will run the stars notes to match all the runs. All the runs were completed in July of 2016, the notes were held and were sent out over the last six month of 2016 and first half of 2017. The stars notes that were issue are B star New York with one run of 3,200,000 the next were the F star Atlanta with one run of 640,000 notes an should be listed as RARE and the last are the L star with two runs of 4,400,000. At this time in May of 2017  it's look like all the notes have been printed, the only note listed in the set is the I/A but no note have been found or listed fore sale by the currency dealer. I have the following notes in PMG for grading Fr #1940-A, C and D. I have not found or located any Fr #1940-I at this time.  You can see the updated set listed as - STEVE R COLLECTION - $2 DOLLARS 2013 SERIES with STARS

STEVE R

STEVE R

05/23/2017

 

Regrade

Would you regrade this note to get the PMG score or leave it in a PCGS holder. Anyone see any NET problems? Thanks.

Sheik Sheck

Sheik Sheck

03/27/2017

Last Reply:
05/05/2017

 

ADDING - ONES in MARCH 2017 - ADDING NEW SERIES of FEDERAL SMALL SIZE CURRENCY NOTES

In checking the BEP printing and annual monthly production report, shows new production for the month of January and February 2017, for one dollar thru hundreds dollar notes on their website - www.moneyfactory.gov All of the 2013 forth Worth District series (Fr #3001) for the one dollar notes have been printed from A thru L along with six stars notes. The following 2013 Washington DC series (Fr #3002) one dollar notes that have been printed A, B, C, E, F and four stars. The following DC notes that were not printed as of March of 2017 they are the D, G, H, I, J, K and L series. With 660 notes within this set, that cover the first fifty years of the Small Size Federal Reserve notes stars and varieties one dollars sets, may be starting in early 2017 with two run in January and February of 2017 with four runs of DC series A/D, A/E, E/I and F/J block for DC Fr #3002 and four runs of FW series G/G, G/H M, K/F, and K/G blocks for FW Fr #3001 runs. The next runs may in 2018 or 2019 for the next fifty years with the change of the Secretary of the Treasury Steve Mushin

STEVE R

STEVE R

03/29/2017

ADDING - ONES in FEBUARY 2017 - ADDING NEW 2013 TWO DOLLARS NOTES

BEP COMPLETE THE RUNS OF FR #1940 2013 TWO DOLLARS STAR NOTES The two dollars 2013 series notes have all been printed to date at the Fort Worth Facility, with a run of full district run from A thru L and three star notes in this series, with the following B*, F*, L* star notes. You can go to this site US Paper Money Information, for all the notes printed to date. I have just picked up the following 2013 two dollars notes, the B* and L* star notes and B,G,J all are schedule for grading this month by PMG. All are will center and good embossing.

STEVE R

STEVE R

03/03/2017

Cool 100th Anniversary of $10,000 Gold Certificate

A very happy birthday to my Fr. 1225h graded PMG 25VF. It's date is February 20, 1917 so Monday (tomorrow) February 20, 2017 this note will be a century old. Nice! Tomorrow, February 20, 2017, this fine old $10,000 gold certificate turns 100 years old. Note the date on the note is February 20, 1917. Most were destroyed, with the exception of a number of 1900 $10,000 bills that were in a box in a post office near the U.S. Treasury in Washington, D.C. There was a fire on 13 December 1935, and employees threw burning boxes out into the street. The box of canceled high-denomination currency burst open. Much to everyone's dismay, they were worthless. There are several hundred outstanding, and their ownership is technically illegal, as they are stolen property. However, due to their lack of intrinsic value, the government has not prosecuted any owners, citing more important concerns. They carry a collector value in the numismatic market and, as noted in Bowers and Sundermans' The 100 Greatest American Currency Notes, the only United States notes that can be purchased for less than their face value. This is the only example of "circulating" U.S. currency that is not an obligation of the government, and thus not redeemable by a Federal Reserve Bank. The note bears the portrait of Andrew Jackson and has no printed design on its reverse side

Sheik Sheck

Sheik Sheck

02/19/2017

ADDING - ONES in JANUARY 2017 - UPDATE ON THE 1995 Fr #1922 BACK PLATE ERROR NOTES

BEP 1995 RUNS - ONE DOLLAR BACK PLATE ERROR This is one of the two notes that were reholder to show the corrected information on the PMG note data cover in the holder that show FR number, grade and other information. This series of 1995 Engraving Error Back Plate number 295 notes are listed in the population report, its cover only three notes at this time the Fr #1922-Hbpe, Fr #1922-Ibpe and Fr #1922-Lpbe. There are only 38 notes graded to date with this back plate error number and should be listed as RARE. This group of notes cover the following block G/M thru L/X block with more than 85 group with a 295 back plate error. The notes will be added over time to the One Dollar District Set with Stars and Varieties. This will be part of the ongoing updating of the sets and series for the dollar sets. Over time these sets has been updated and will change over time, the notes slots have been rework from 627 to 660 slots. The photo below show the reholder FR #1922-Ibpe with the back plate number 295. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

01/28/2017

Even at Heritage the Scans are ALTERED - Part 1

Heritage Auctions posts scans that are not realistic either!! Heritage says, "The margins are outstandingly large for this type, and the gold inks are as deeply colorful as we have ever seen them. PMG likely saw some very minor flaw with the note out of the holder, but in the holder its obvious original embossing along with its other attributes makes it look like a 65 EPQ to us. From The Yuri Solovey Collection" Now look at their scan compared to mine once I received the note. When will this monkey business stop!!?? I expect it from Ebay trolls, but a fine Auction House?? To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

01/25/2017

Even at Heritage the Scans are ALTERED - Part 2

Now my scan Heritage says, "The margins are outstandingly large for this type, and the gold inks are as deeply colorful as we have ever seen them. PMG likely saw some very minor flaw with the note out of the holder, but in the holder its obvious original embossing along with its other attributes makes it look like a 65 EPQ to us. From The Yuri Solovey Collection" Now look at their scan compared to mine once I received the note. When will this monkey business stop!!?? I expect it from Ebay trolls, but a fine Auction House?? To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

01/25/2017

Top 3% of all Fr. 39's graded

Almost 2000 have been graded by PMG of this common note. This 66EPQ is in the top 3% graded with only 6 notes graded at 67EPQ. The Fr. 39 is a very common note. But this one has such perfect centering, embossing punched all the way through the note and a note that is so bright, the note looks like it just came off the printing press. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

01/16/2017

ADDING - ONES in JANUARY 2017 - ADDING THE 1995 Fr #1922 MULE NOTES with BACK PLATE ERROR NUMBER

BEP 1995 RUNS - ONE DOLLAR MULE or BACK PLATE ERROR This series of 1995 notes are listed in the population report, its cover only three notes Fr #1992-Hbpe, Fr #1922-Ibpe and Fr #1922-Lbpe. There are only 35 graded to date. This group of note cover the following blocks G/M thru L/X blocks with more than 85 group. The notes will be added in time to the One Dollar District Set with Stars and Varieties. This will be part of the updating to this set. Back in January of 2014 their were 590 note slots within the set, but over time this set has been updated over years, and the last has change with a notes slots from 656 to 657 slots. The Collector Society added the Fr #1922-Hbpe,1922-Ibpe and 1922-Lpbe to the set in January 2017. In the photo below show the Fr #1922-Im mule with the back plate number of 295. The notes are in for correction by PMG, an will be change to over to back plate error series notes. Update January 19, 2017 - The notes are back and installed in One Dollar District Master Set I and II. See the new photo below in the Master set I and II, I could not remove the exiting photo.   - HAPPY NEW YEAR - To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

01/01/2017

PICKED THESE UP TODAY

PICKED UP 4 $1 SILVER CERTIFICATES I AM NEW TO THIS AND IM HOPING I DIDNT GET RIPPED OFF HAHA GOT 3 1935 F SERIES BILLS SERIAL NUMBERS: U 040006581 I, Z 55232228 I, Z 76129511 I, AND A 1928 A SERIES, SER: F 52406831 B. NOW WHAT SHOULD I DO PLEASE IF ANYONE CAN GIVE ME A LITTLE INSIGHT ID BE FOREVER GRATEFUL.....SORRY ABOUT THE ALL CAPS MY KEYBOARD GOT WET. SEMPER FI! To see old comments for this Journal entry, click here. New comments can be added below.

JaKabusk

JaKabusk

11/26/2016

CONT.

THE REST OF THE SILVER CERTS GOT 3 1935 F SERIES BILLS SERIAL NUMBERS: U 040006581 I, Z 55232228 I, Z 76129511 I, AND A 1928 A SERIES, SER: F 52406831 B. NOW WHAT SHOULD I DO PLEASE IF ANYONE CAN GIVE ME A LITTLE INSIGHT ID BE FOREVER GRATEFUL.....SORRY ABOUT THE ALL CAPS MY KEYBOARD GOT WET. SEMPER FI! To see old comments for this Journal entry, click here. New comments can be added below.

JaKabusk

JaKabusk

11/26/2016

ADDING - ONES in DECEMBER 2016 - CLOSING OUT THE 2013 SERIES NOTES COULD BE AS SOON AS 2018

BEP NEW RUNS - ONE thru HUNDRED DOLLARS NOTES with STARS The closing out of the 2013 series notes, the first printing were in November of 2013, could be change out within the next two years with the changing of the existing Treasurer of the United States or the Secretary of the Treasury, the year could be as soon as 2018 or 2020 with the printing delay with new series notes. The 2013 notes came in under the presidency of Barack Obama on his second term, the newly elected presidency will have a change of appointing a new Secretary of the Treasury and a Treasurer of the United State. after January 2017 with him being sworn in as the 45 President of the United State of America. Only after the printing on new notes will see if the change made in 2013 will remain or if some changes are made. The first notes were the 2013 $1 dollar currency printed in 50-subject sheet format, but other were printed on 32-subject sheet. Also during the same time the newly resign Twenty Dollars notes will be printed with Harriet Tubman the first African-American woman printed on the twenty United States currency, which will replace President Andrew Jackson on the twenty dollars notes. This will be the first woman in more than a century that will appear on US currency. The designs should be unveiled by 2020 an go into circulation shortly after the unveiling of the new twenty small size Federal Reserve note. This will add more new series of notes in the coming years to the PMG an my set with $1 Federal Reserve Note - District Master Set with Stars and Varieties. BACK FROM DINNER Update Dec. 7, 2016 - For more information on the changes to the Twenty Dollar Federal Reserve Note see DECEMBER 2016 Bank Note Reporter Issue. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

11/24/2016

My Favorite Note

The best grades are not always the greatest eye appeal. My $20 large note gold certificate collection is almost complete, only lacking the Fr-1179. As you may know the Fr-1179 and 1180 are the technicolors so you will forgive me if I only have one of the two in my collection? This reverse is my most wonderful. I love it dearly. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

11/18/2016

Another Grading Company Comparison

Educating all on the difference between CGA and PMG As the esteemed Matarcat says, treat CGA as ungraded when purchasing.Note, the even though PMG did not assign it "NET" another surprise was the note had been "Retouched", impossible for most to realize before sending in for grading. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

11/10/2016