PMG Journals

Bet I cannot buy just one!

New Note Notifications for the Novice Well I have just entered the exciting world of collecting notes, currency, or paper money as it is called in the trade. I recently purchased 89 notes graded by CGA the olde, and as we all know that holder is not from the promised land, but a grader which fell into the lower regions for various reasons. I got two books on paper money; my favorite so far is the Whitman Encyclopedia of U.S. Paper Money. My send favorite is Paper Money of the United States by Friedberg. There is a third one which I use at shows for quick ID'ing and evaluations. Unfortunately, like Morgan Silver Dollars, there are so durn many varities of monies that it is a challenge every day trying to figure the value of odd notes. This first foray into paper money began with a small collection purchased from a fellow who was changing horses mid-stream so I relieved him of the 89 pieces. There were 65 of the 89 worth re-grading and I just got back the main stash information today, and will receive them physically in the mail in a day or two. I will then upload pictures and complete phase two of this journal with as many pictures as I can raise up. The excitement here is in the fact these notes are of special interest due to special serial numbers, star notes, signed notes and so on and so forth. Four sets of them, 12 each, are one from each district with exactly the same serial numbers. One set is particularly captivating in that not only are the serial numbers all the same, but one from each district, and the serial numbers are 00001111. Some computer geek will slobber all over the album just ogling it. Two more of the sets also have neato serial numbers, and one from each district and the fourth set, my favorite, is one which has one from each district, and the serial number 00000039 plus they are star notes, all of them, and the fact they are signed by the mint director also. The others which I shall talk about later are all fun, and some more beguiling than others. Well, happy searching hope you find a treasure soon. The picture is pre-PMG grading, I will change it later. Capt. Brian To see old comments for this Journal entry, click here. New comments can be added below.

CaptBrian

CaptBrian

11/08/2016

ADDING - ONES in NOVEMBER 2016 - MORE 2013 SERIES NOTES

BEP ADDING 2013 ONE DOLLAR NOTES with STARS In checking the last updated www.uspapermoney.info in October shows that one new run of Fort Worth Facility, Kansas J10 stars notes, in September of 2016 with a run of 250,000 or 5,000 sheets, this is the first 2013-J* stars notes printed. Also in June, from the Fort Worth Facility is the second run of NEW YORK B2 with B/C and B/E block. Also the first run B2 Star notes with a run of 6,400,000 notes. You will see the slots added to the sets over the next six to eight months with addition of other districts sets notes. The following notes have been printed, are the Washington DC 2013 Fr #3002-C, E, E stars. The following notes were added to the sets, they are the FR #3002 C/C block and the Fr #3002 E/E block to this set, both notes are in PMG for grading at this time. Updated on January 6, 2017 - They came pack from PMG graded at 66E for each note, they will be added after the scoring is completed. Also they will be the first two graded for C and E series. Take a look at this Set Type - $1 Federal Reserve Notes- District Set with Stars and Varieties. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

10/28/2016

Proof ALL Grading Companies are the Same

It really doesn't matter what grading company one uses. The standards are so well-defined and tight now that the value of a note has almost no wiggle room. As you can see here, I wanted a reputable company to grade a note. Of course, it was a waste of money since the note graded the same thus the value remained the same. Anyone note any sarcasm? That's because there is plenty!! I knew the note would not grade as well. I thought perhaps a 58EPQ would be the lowest but more likely a 62EPQ. Holy cow. What does this say about our hobby as an investment??? To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

10/27/2016

ADDING - ONES in OCTOBER 2016 - MORE 2013 STAR NOTES

UPDATE ON 2013-A and G STAR NOTES In this Set Type - $1 Federal Reserve Notes -- District Set with Stars and Varieties. The Registry have added the new 2013 Fr #3002-A DC and 2013 Fr #3001-G FW both star notes have come back from PMG graded but not added to the set, they will be added after the scoring is completed, see photo below. I hope they can be added over next two weeks. I had three A-star and two G-star notes graded and more on the next submittal. Updated on October 22, 2016 - The following notes will be added over the next six to ten weeks, will be the Forth Worth Fr 3001-B, B* and the first J star notes and the new Washington DC Fr #3002-C, E and E star notes. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

10/16/2016

 

adding one .

what grade will it be.in process now. glad to see it back. To see old comments for this Journal entry, click here. New comments can be added below.

m.decker

m.decker

10/14/2016

ADDING - ONES in SEPTEMBER 2016 - MORE 2013 TWO DOLLARS NOTES

BEP COMPLETE THE RUN OF TWO DOLLARS 2013 NOTES In the last updated of www.uspapermoney.com on July 2016, its shows the new runs of two dollars federal reserve notes from the Fort Worth Facility, to complete the notes for all 12 Federal Reserve District, the runs cover the first A/A, C/A, D/A, G/A, H/A and J/A with each run over at 6,400,000 in each run and complete the this runs of twos. The New York B 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, the only will be to see if BEP runes the stars notes to match all the runs. Update 9/8/2016 - Four B/A notes are in PMG for grading at this time, the serial number are B04595371A, 72A, 73A and 76A. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

09/05/2016

ADDING - ONES in AUGUST 2016 - MORE 2013 STAR NOTES

BEP ADDING MORE 2013 STAR NOTES A and G In checking the last updated www.uspapermoney.info on July 12th shows that one new run of Washington DC Facility ATLANTA F6 notes, in June 2016 run of 51,200,000. Also in June from the Fort Worth Facility is the second run of NEW YORK B2 B/C and B/E block and the first run B2 Star notes with a run of 6,400,000. It always best to check the updated printing reports on BEP website. Also check with your local Bank for new notes. Also the following notes have been printed, the Washington DC are FR #3002-A*, C, E, E*, F and the Fort Worth are FR #3001-B and B*star notes, they are all listed in the April report. Take a look at this Set Type - $1 Federal Reserve Notes -- District Set with Stars and Varieties. The 2013 Fr #3002-A DC and 2013 Fr #3001-G FW star notes have not come back from PMG for grading. Both have been added to the set by PMG. Updated on Oct. 16, 2016 - The A and G star notes came back from PMG, the Fr 3001-G* came back graded as a PMG-67 E and the Fr #3002-A* as PMG-65 and 66 E, are the five noted graded. See new journal for October 2016 you can see the graded notes. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

08/13/2016

Art Project of Large Note $20 Gold Certificate

Paint and crop is quite entertaining with scanned notes I couldn't help myself. My $20 Gold Large Note collection is nearing completion. I only need an Fr-1181, 1182 and 1183. I have the technicolor Fr-1180. I need the Fr-1179, the other technicolor note to truly complete the collection but that probably won't happen for a long, long time. I hopefully have a trade in the works to get the 1181, 82 and 83. I thought I would choose 6 of the reverses and do another collage. I will do another with the $10 GC's as I am a year or 2 from completing the Hillegas series. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

08/07/2016

Ungraded Notes

They continue to get away with it and the auction house does nothing. Here is a description from a seller that I bought an ungraded note from and it graded out NET 35....The listing is shown below as is a pic from the current listing. The photo has been so manipulated it is almost impossible to see but when you get it in the mail you will DEFINITELY see a horizontal fold. NO NOTE WITH A HORIZONTAL FOLD WILL GRADE ABOVE 35. NONE!!!! Yet, this 100% feedback seller that has glowing feedback from poor folks that never have their notes graded. The words below are a LIE. It is NOT "Almost Uncirculated" No "almost uncirculated" note has a horizontal fold that traverses the entire note. It is NOT even near "GEM" The sentence... "In our opinion, this is Gem Almost Uncirculated" is so misleading it is truly criminal. I am simply trying to educate my fellow collectors because this seller does this with every ungraded note he lists. Note, this is NOT the seller I recently posted about regarding the Lincoln Porthole. It goes to show how many of these crooks run a muck. Please follow the clues here, find out who this is and don't buy from him. The nerve of these crooks...."In our opinion..." For auction is this spectacular 1882 Twenty Dollar Gold Certificate. This note features a vignette of slain President James A. Garfield on the obverse with the promise that this note was worth twenty dollars in gold coin!! This is the very rare Fr.1178 with the signature combination of Lyons and Roberts. In our opinion this note is Gem Almost Uncirculated. It is super crisp with no rips, tears or pinholes. It features razor sharp edges, perfect margins and amazing color with the brightest seal and incredible reverse we have ever seen. The "in gold coin repayable to the bearer on demand" slogan was very important at the time as people were worried about paper currency becoming worthless, so the government added the slogan to let them know the paper was backed up in gold value. This note is the nicest 1882 Gold Note we have ever offered!! So look at the scans, check our outstanding feedback and make this stunning Gold Certificate part of your currency portfolio!! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/27/2016

ADDING - ONES in JUNE 2016 - HITTING THE TWO THOUSANDS GRADED NOTE MARK

A TOTAL OF 2,004 PMG GRADED NOTES IN ALL SETS This is the first collection in the PMG Collectors Society Registry with a total of more than two thousand notes covering some of the denominations of Large and Small Size Gold and Silver Certificate, United States and along with the Small Size Federal Reserve Bank Notes within all of the various sets. This had taken eight years to gather the notes and have them graded or purchase a pre-graded notes from a dialer, show or conventions, also to start adding some of the images and all of the descriptions for each of completing notes within their various sets. I have a total of 2,004 notes within all of my sets and of that 1,103 are 55% are one dollar SSFRN, with the next two submission of twenty-five notes that will fill in some of missing notes in the one, two and five dollars sets and the second with four new 2013 Fr #3001-G star. Take a look at the MASTER SET, the Set Type - $1 Federal Reserve Notes - District Set with Stars and Varieties that is 96% completed. The note below is one of the SUPER STAR a 1969C Fr #1906-L* with a total point at 1,175. Updated on AUG 15, 2016 - As I added the images too my existing sets, I found more than 39 notes that were not listed in the existing sets taking the total too 2043. Updated on Nov 11, 2016 - The second collector just hit the TWO THOUSANDS NOTE MARK, that is ksausa, congratulation on your hard work. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

06/24/2016

A Great Day for Third Dollar Collectors.

The Zimbabwe sets we all wanted. Well, the ones I wanted anyway. So I'm at my desk today and I get an email from Ali listing a bunch of new Zimbabwe note sets including a bunch of sets for the Third Dollar or the Trillions series. The email said they'd be coming "soon" and I was wondering when exactly that would be, but when I checked the site I saw that the Third Dollar sets were already up! The Bearer Check, Agro Check and other sets aren't out yet but honestly those aren't the ones I was hoping for anyway - I'm not collecting those series - yet. The funny thing was that I just made a signature set for these yesterday because I wanted an internet accessible way of tracking what I had - I came dangerously close a couple of times to buying a 10 billion dollar note I already had - I thought I just had the 1 billion dollar note. I'd scanned all the notes in for the signature set and so now I have all my pictures up. I'm loving that there's a full set for the 1 dollar note through the 100 Trillion note and a set for just for the 4 notes denominated in the trillions. I can actually have a 100% complete set of those! Never thought that would happen with a banknote set. I'm only about 33% on the full set. I think the best part of all of this is that just yesterday my wife gave me a 66EPQ 500,000 Dollar note as a belated Father's Day present (got held up in the mail). Now I just need to get the 20 billion and the 50 billion to finish the top 10 denominations To see old comments for this Journal entry, click here. New comments can be added below.

Revenant

Revenant

06/22/2016

Ungraded to Graded - Part 1

Lesson on what is advertised versus what the truth is.... This is Picture 1 from the seller, a picture of the obverse of the note. Notice how the note look beautiful and white. Here is the description by the seller... "On the want lists of many collectors, but rarely ever offered. Most seen are very low grade and ugly. Examples in mega high grade like this one here tonight, are very few and far between. Incredible design with a portrait of Lincoln, and nicknamed the "Porthole Note". This specimen is near uncirculated with just very minor handling(see enlarged scans). Premium paper quality is crisp and bright with bold inking. Gem centering. Sharp edges and corners. A great opportunity, as these notes rarely come around. An excellent addition to your collection." To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/08/2016

Ungraded to Graded - Part 2

The reverse of the note from the sellers advertisement. To refresh your memory, here is the note description. "On the want lists of many collectors, but rarely ever offered. Most seen are very low grade and ugly. Examples in mega high grade like this one here tonight, are very few and far between. Incredible design with a portrait of Lincoln, and nicknamed the "Porthole Note". This specimen is near uncirculated with just very minor handling(see enlarged scans). Premium paper quality is crisp and bright with bold inking. Gem centering. Sharp edges and corners. A great opportunity, as these notes rarely come around. An excellent addition to your collection." To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/08/2016

Ungraded to Graded - Part 3

Now the truth... Sent to PMG and graded. The new PMG holders are absolutely wonderful. Like the note is mounted in a crystal glass container. Even so, the note is scanned with my scanner with no color manipulation. Notice a difference between my scan and the advertised scan? Also, notice the grade isn't quite consistent with the description. Hmmmmm.... PS I blocked my name lest I am victimized. I thought this "premium paper" super version of the wonderful Fr-282 would be the jewel of my collection so I had a pedigree. A pedigree on a now NET graded note. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/08/2016

Ungraded to Graded - Part 4

The reverse grade describing why the note is NET. Now inspect the note very carefully to see if you can spot the "Repair". A good test if you can grade by a scan. If you find the repair before I give you the answer, you have a very keen eye!! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/08/2016

Ungraded to Graded - Part 5

Did you find the repair? I could not so I called PMG. Sometimes the graders leave notes as to what was repaired. The phone agent told me there was a tear "in the middle of the note at the top" that was repaired. Only then did I locate the repair. The arrow shows. If you had the note in hand prior to the sale and looked it over with a microscope or high magnification and knew what to look for, you would have seen the repair. I looked the note over before grading and did not see it. I left "neutral" feedback to the seller and he threw a fit. He harassed me until I finally clicked a link that he sent to change neutral to positive. Just to get him to quit bugging me. I pointed out it wasn't premium paper and it wasn't near uncirculated and the color of the scan had been whitened...a common Ebay currency trick. Whiten the scan. Is that right?? Was I justified to leave him neutral feedback, or was I just a poorly informed buyer and he simply was doing good business?? To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/08/2016

 

Ungraded notes in my crosshairs

Ungraded notes are sucking your wallet Ungraded notes steal from your pocket. Why would a rare gold certificate from 1882 be ungraded? They are so rare, just about every dealer has seen every one of these notes. I see it all the time, dealers saying, "oh I sold this same note five years ago" The notes are ungraded because experts know they will grade NET. They are able to spot the tiniest flaw that even if an average collector had the note in his hand, he would not be able to tell it was "retouched" or "Repaired" Ebay doesn't provide a forum to air this out because guess what? Ebay profits off our stupidity! They don't want the big secret out that ungraded notes are for suckers. Once again, if you are buying a $100 star note from 1999 for $250 and the seller says "Superb Gem Uncirculated", it's probably OK. But on notes that are worth more than $500, you don't think those notes have been scrutinized again and again? An expert saying, "I can see a tiny tear that was repaired" Those words cut the value in half. So why not, recolor the note to make the image brighter and mask the flaws, sell it on ebay with no reserve as "GEM UNCIRCULATED" and know the buyer will not have it graded. Or by the time you have it graded, you have left feedback and it's too late to let everyone know the seller sold you a 30 NET. I wait until the notes are back from PMG before leaving feedback. One seller said of my negative feedback, "Well out of 5,000 notes sold, one negative review isn't bad!" No Mr. Seller, actually I had bought several notes from you ungraded, ALL came back less that what you advertised and I had simply left the feedback too early. The final ungraded note I bought, I waited until it got back from PMG praying that the seller was correct and it was "SUPERB GEM UNCIRCULATED" instead....35 NET, closed pinholes. I didn't even notice the closed pinholes until I got the note back!! DON'T BUY UNGRADED NOTES!! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/03/2016

 

Stupid Collectors Buy Ungraded Notes

I am stupid This is the last time, I promise!! I will never be STUPID again. Several Ebay dealers that continuously get 5 star feedback for selling ungraded notes. Probably because the buyer never gets the note graded. I have learned my lesson over and over again that ungraded notes that are rare or valuable are UNGRADED FOR A REASON. These rare or highly desirable notes have probably been looked at and looked at again and again by professionals that know why they should not grade them. THEY ARE WORTH MORE UNGRADED!! These sellers can describe them as "Almost Uncirculated" or a "Real Beauty LOOKS Gem Uncirculated" and get top dollar for them because normal collectors can never judge a note by a scan!!!! Any seller selling ungraded notes that says they are "Uncirculated" (and I am talking about expensive or rare notes usually more that 600-700) ARE NOT UNCIRCULATED. Otherwise, they would have them graded and sell them at a higher premium. I fell for it one more time. A seller that is usually good and who I have bought graded notes from but this seller mainly auctions ungraded notes. I bid and the price goes up and up. Who drives the prices up? Well I have a theory on that as well. So the note looks great on scans. I think if I grade it, it will be at least worth another $1000. The seller said the Fr-282 was "Near Uncirculated" Knowing myself that I am a sucker, I was hoping for a 45 EPQ knowing it wasn't close to uncirculated. How about 35 NET with Repaired on the back! So the sellers know these notes are going to be NET so they advertise as "NEAR UNCIRCULATED" or "SUPERB GEM UNCIRCULATED" knowing the sucker won't get it graded. I get them graded and virtually every note I paid over $750 for ungraded came back NET. Only 2 ever came back without NET and the best I ever did was a $10 small 1928 gold described as "SUPERB GEM UNCIRCULATED" by the seller and that came back AU55. Don't ever pay more than a couple of hundred bucks for an ungraded note unless you can look at it in person or get a professional opinion. There is a whole sub-culture of sellers profiting off this ugly practice. PLEASE, quit bidding and buying ungraded notes that are rare and/or expensive. They have been very well looked over and you are being bid up to where you will never get your money back. I promise, I will never purchase an ungraded note again. The sellers I refer to are very well established sellers that have 100% feedback because they prey on the uninformed. They make a fortune off losers like me. I'll be happy to post the pictures when I receive the note if you ask me to. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

06/02/2016

ADDING - ONES in JUNE 2016 - 2013 A-STAR NOTES

BEP ADDING MORE STAR NOTES - ONE RUN ONLY 3,200,000 In checking the last updated www.uspapermoney.info website on May 15th shows that only one run of Washington DC Boston A-star notes, so-called 80,000 this may be part of the November 2015 runs of 3,200,000 notes and only reported in April monthly update. It always best to check the updated printing reports on BEP website. As to the price only time will tell. I will be checking with my local Bank of America for new notes. As-noted in us paper money update, Run #1 of Boston A1 star notes was also never reported by the BEP, but notes from this run have likewise been observed. The length of this run is greater than 2.5 million notes, so it was likely a full run. Also the following notes have been printed, from Washington DC are FR #3002-A*, C, E, E* and the Fort Worth are FR #3001-G* and L* star notes, they are all listed in the April report. We all get lucky from time to time, with new notes. Take a look at this Set Type - $1 Federal Reserve Notes - District Set with Stars and Varieties, the scoring of 2013 series were updated in May. Update on June 14, 2016 - I just pick up four of the new 2013 series G star notes, they will go in to PMG on this month for grading. Update on Aug 8, 2016 - The 2013 A star (DC) are available, I just order three notes. Update on September 24, 2016 - Added photos of the A and G Star notes. All in PMG for greading at this time. Updated on October 12, 2016 - Just got them back graded as PMG-66E and PMG-65E. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

05/28/2016

New PMG Holder for Fr-1198

New holders are definitely better than old ones I have some freshly graded notes from earlier this year and when you hold the newest holders to the light and compare with the previous holders, there is no doubt. The old holders look great but are cloudy looking when held up to the new holders. You would not know unless you compare them directly! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

05/27/2016

Reverse of Fr-1198 - New Holder

The Fr-1198 has only 39 graded between both the services. The Parker-Burke signature combination from the 1913 series has 21 graded at PMG and 18 graded from PCGS for a grand total of 39 Fr-1184 graded notes. Compare that to the more common Speelman-White signature combo of the 1922 series (Fr-1187) where 3,907 have been graded. Yet, there isn't a great premium between the two? That's why I don't mind owning multiple Fr-1184 notes! One day... To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

05/27/2016