PMG Journals

 

So then why the first dollars?

Why I had to get the 1983 note too... So, some people that watch my set listings (why would you do that, you creepers... joking) or the Zimbabwe bank note categories might have noticed that I added a registry set for the pre-hyperinflation Zimbabwe dollars and added a couple of $20 notes in there, the 1983 and the 1994. Depending on how curious you are you might have wondered why I added this set and bought these notes when I've been spending all this time talking about wanting the Trillion Series. Well... even if you didn't check or notice any of those things I want to talk about it anyway so I'm going to. I guess the honest answer is that I saw them being offered for sale by the same merchant I've been buying all the other Zimbabwe notes from and I wanted them because I thought they'd go well with the Trillion series notes in a complimentary way. Digging a little deeper though... I was really surprised in reading and learning about the history of the Zimbabwe dollar to find that, when it was introduced in 1980 to replace the Rhodeisan dollar, it was initially worth MORE than a US dollar. The initial conversion rate was Z$1:US$1.47. Granted, it was probably overvalued based on fundamentals at the time it was introduced and almost immediately it started coming down fast, but it's interesting to note that this currency that was hyper-inflated to death in just 29 years started out worth more than the world reserve currency, and realizing that interesting fact made me want some notes from that period as part of this "narrative-in-the-form-of-notes" that I'm wanting to build for a discussion I hope to have with my son in 10 or so years that he'll probably have zero interest in listening to. Doesn't matter -- I'll glue him to the chair if I have to... It happens that, from what I've been able to read/find, 1983 was the year that the US$ and the Z$ had a 1:1 exchange rate (albeit briefly) and 1997 was the year the exchange rate hit 10:1 -- a 90% loss of value in just 14 years, with the hyperinflationary period still 9 years away. Sadly they don't have 1997 dated bills but they did have the 1994 bills and 1983's so I got what I could. ? The key to getting the 1983 and 1994 notes ended up being patience. When I first saw them offer for sale they were listing for $70 each. I wanted the notes but that was just more than I was really happy paying for them. Apparently I wasn't alone in that feeling because they must not have been selling. The merchant dropped the price on them to $40 each. At that point I was willing to buy them. I can't attest as to whether or not that was a "good" price, but this was the only person I knew of that was selling these notes PMG graded, I wanted them, and I was finally okay with that price.

Revenant

Revenant

05/10/2016

Scope Creep

All Collectors are Victims of Scope Creep That's why PMG, PCGS, Ebay, Heritage love us because our scope creeps beyond our wallet, spouses and our own original design!! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

05/03/2016

 

The joys of scope explosion.

... always getting in a little over my head with eyes that are bigger than my wallet. I'm always amazed by how often it happens that I start with a simple, small idea and goal, and then I come up with this insane idea for a big project that's usually beyond my time and financial resources, and then I settle on another approach that's actually reasonable and achievable. This isn't limited to coin collecting in my life but coin and note collecting are certainly areas where this tendency is expressed. When I first went back to eBay to try to find a Zimbabwe 100 Trillion note I was only looking for one, ungraded, note. When I started looking around though I started seeing and wanting to collect all of them. I also started seeing some PMG graded notes and realizing that there were a lot of PMG graded notes available for not-a-lot of money -- some of them could be had in solid grades for barely more than the cost of grading. So then I was thinking about getting a graded note, and then I started thinking about getting a set of the 4 trillion+ denominated notes... and then I started thinking about getting as many of them as I could in PMG holders for a reasonable price. So the idea just kept on growing... I wanted the PMG graded notes for the same reason I'd wanted some PMG graded US silver certificates. I like the PMG covers -- especially the way they help protect the note from bending, folding and wear. I like holding and looking at the notes and having them in the holder makes me feel better about it - knowing that I'm not likely to damage the note. These notes aren't made of the best paper in the world from what I can tell so that's going against them to begin with. Wanting the full set went back to one of my original reasons for wanting the note: I'd always thought something like that would be cool to show a child one day to share that story/bit of history with them. While a single 100 trillion dollar note could be cool, having the whole set and be able to show them the run-up and how quickly it happened would help get the point across better. I think having the whole series would let the notes tell the story, rather than having 1 picture at the back of the book so to speak. By the time I was doing this shopping I knew I was actually going to have a kid soon that I could show these to -- and the prospect of showing all of these things to him, in holder that will keep him from damaging the notes for the most part, really appeals to me. So, long story short (too late!) I ended up ordering 5 notes from a seller that offered them graded by PMG, mostly in the 65-66 EPQ grade -- none of which were the 100 trillion dollar note I initially went into this looking for! I had more trouble finding the 100 trillion note graded by PMG in a grade I liked for a price I liked. I ultimately won an auction for a 67 EPQ a week or two later. So far I'm up to having about 8 of the ~27 notes in the series, with all of the trillion+ and most of the billion+ denominations acquired. I'm hoping to get away with ordering 3-5 more of the notes in the set in a couple of weeks if the wife and the budget allow. It'd be really great to have a complete set in PMG 65-67 EPQ -- probably mostly 66 EPQ. I don't know if I'll pull it off or not. It'll depend on the availability of notes and cash of course. I'd also like to go for a full 4th dollar set. I'm not currently planning to go after the Barer Cheque series but I guess I could change my mind later. To see old comments for this Journal entry, click here. New comments can be added below.

Revenant

Revenant

05/02/2016

ADDING - ONES in MAY 2016 - MOVING TOWARD TWO THOUSANDS NOTES MARK

ADDING MORE NEW PMG GRADED NOTES This is the first time that four collectors in the PMG Collectors Society Registry have gather a total of more than one thousand notes each covering all the denominations of Fractional Currency, Confederate State, Large and Small Size Gold and Silver Certificate, United States, along with the Federal Reserve small size notes and World notes within all sets. This is an outstanding achievement for any currency collector, along with the years it has taken to gather the notes and have them graded or purchase a pre-graded notes from a dialers, shows or conventions and to add the images and descriptions for each of completing notes within their sets. To date only one winner of the PMG Registry Awards with over one thousand graded notes within all their sets. I am working on my next two submissions to PMG for grading, it will cover some of the missing notes within my one dollar existing Small Size Federal Reserve note sets. I have a total of 1,990 notes within all of my sets and of that 1,098 or 55% are one dollar SSFRN, with the next two submissions one with twenty-five notes and other with only five notes, this will fill in some of the missing notes in the one, two, and five dollars sets. AS the series of 2013 notes come available from BEP they will be added. This will be the first collection to reach two thousands plus notes mark, the same as Black Bird collection was the first to reach the one million plus points in a single collection. Updated May 25, 2016 - I am adding MORE pre-graded notes to my ten and twenty dollars notes sets. New count will be 1,994 notes within all sets. The first one of two submittal is in at PMG for grading of four one dollar and one two dollars notes. Update May 29, 2013 - I will be adding Images to some of the one dollar set. The first are the 1963 FR #1900-A and A star also the 2013 FR #3001-I the LUCKY MONEY NOTE from BEP. Update June 24, 2016 - I just passed the two thousand notes mark in all may sets. with the addition of some more 1974 star notes. also I have started to add more image to may sets. Update December 10, 2016 - The other collector is "ksausa" also is over two thousand notes mark at 2123 notes within all of his sets. Take a look at this Set Type - $1 Federal Reserve Notes - District Set with Stars and Varieties. GOOD COLLECTING TO ALL To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

05/02/2016

Gold Collage

Spectrum of Colors Composing Gold Certificates This is a collage of the different reverse colors seen on various gold certificates. What better background than a Fr-1180 technicolor? I have always been fascinated with the different "orange" colors that make up the reverse of the gold certificates. Here is a direct comparison! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

05/01/2016

 

NEW Holders

BEST Before Now Light Years ahead... By Far The Best 3rd party graded holders out there! To see old comments for this Journal entry, click here. New comments can be added below.

Paulies 1992

Paulies 1992

04/27/2016

?? RARE SHORT RUN 2013 STAR NOTE ??? It's an un-reported run !! 2013 "A" STAR NOTES

The 2013 Star notes had a run of 80,000 For the 2013 L star note. I came across these this week..... two packs of A, Boston FRB .. came across these this week, Will be placing one of them on ebay to test the waters... I have not seen any others yet.. but who knows how many are in the run as there is no Production numbers that I can find from the Federal Reserve (BEP). There was an 80,000 run of 2013 L star notes, of course I want this First run of A stars to match that production number.... To see old comments for this Journal entry, click here. New comments can be added below.

mikim13

mikim13

04/23/2016

 

Collecting the Zimbabwe Trillion Series

A recent effort in notes collecting I recently started collecting the Zimbabwe Trillion Series of notes. If most people are like me you might initially think that the Trillions Series refers only to the last 4 notes that are denominated in the trillions of dollars (10, 20, 50, and 100 Trillion dollars). The full series actually includes over 25 notes. The denominations run from 1 dollar to the infamous 100 trillion note. This series ran from 2007 to 2009 and come after the Bearer Cheque Series of notes that ran from 1 cent to 100 Billion from 2006 to 2007. If I understand the situation correctly (I freely admit I could be wrong on some of this, I'm still working on learning and reading about some of what went on and how this matches up with the notes), the Bearer Cheque Series constitutes what is generally referred to as the "2nd Dollar." The "2nd dollar" period followed after 3 zeros were chopped off the money in the first redenomination (ending the "1st Dollar"). Then the Trillion Series picked up after 10 more zeros were chopped off in the 2nd redenomination, marking the beginning of the "3rd Dollar." The "4th Dollar" (which there is a PMG registry option for - which gives me hope that we'll see a 3rd Dollar option one day) was issued in February 2009 following the 3rd redenomination -- but only for a few months. They chopped another 12 zeros off in the 3rd redenomination and then finally just gave up and stopped issuing their own money entirely in April 2009. The 100 trillion dollar notes were worth 10^27 of the pre-hyperinflation first dollars. The multiple revaluations and series of notes was a major source of confusion - for me anyway - and kept me from understanding for a long time just how bad the currency devaluation was during those few years and it still leaves me a bit fuzzy over the whole timeline. I've wanted to build a set like this in one way or another for a long time - basically since I started collecting coins again - in part because this set of notes and events is tied to why I got back into coin collecting. I was getting interested in coin collecting in 2006-2007 and reading articles on coinflation.com, many of which talked about what was happening in Zimbabwe at the time. For me, the coins and the paper money, the art and the beauty of it all, the gradual loss of value of the dollar and other paper currencies, and discussion of what would likely come in the future was all wrapped up together in this big interesting story that appealed to me as the son of a history teacher. I think the process engineer in me also loved the idea of looking at all of it in the context of a changing system over time and the dynamics of that systemic change. It really intrigued me and I wanted to at least get one of the 100 Trillion notes as a conversation piece but at the time interest in the notes was high and the notes were going for -- what I felt at the time -- insanely too much money. The funny thing is, 8 years later, I don't remember what they were going for at the time. I just remember thinking the price wasn't worth it to me. For all I know the prices I'm buying the notes at now could be just as high as what they were then -- it might just be that this time I have more money and I'm more willing to spend it on the notes. I don't know - . I wonder some days if the prices really did come down after some time passes and the interest dropped or if I'm just looser with money now. It's funny how perspectives can change, even over relatively short periods of time. I didn't think about it for years, but I thought of it when I started buying silver again. My wife was looking at me like I was a little crazy over the silver (maybe more than a little). I remembered these notes, remembered wanting to collect them, and realized that they might help me win her over on the silver by showing her why I wanted the silver bars as an inflation hedge. (Maybe I thought they might help me win her over and then remembered that I wanted them anyway. Anyway -- the thoughts were linked!) As it happens they actually worked really well in that regard. She was shocked when I started showing her the notes and telling her about the speed with which the money was devalued during the hyperinflationary period. Of course it helps that she doesn't really trust the stock market any more than I do these days. So I looked into what those notes were going for on eBay again late last year. I found that they weren't all that expensive (by my current standards anyway) and a new collection/project was born! I'll stop there for now though because this is already a little long... To see old comments for this Journal entry, click here. New comments can be added below.

Revenant

Revenant

04/22/2016

 

WHITES HOUSE COLLECTION of NOTES U.S.A. / C.S.A.

C S A $20.00 COUNTRFEIT NOTE's BY SAM UPHAM THIS IS PART OF MY C S A COUNTERFEIT NOTES MOSTLY $20.00. THESE NOTES HAVE A STORY BEHIND THEM AND THE MAN THE SOUTH PUT A BOUNTY ON . HE IS REPORTED TO HAVE PUT INTO CIRCULATION OVER 1 MILLION INTO THE SOUTHS ECONOMEY.HE HAD A DRUG STORE / stationary STORE.GOT PICTURE OF $5.00 NOTE IN NEWS PAPER AND STATED PRINTING THEM UP.SELLING THEM FOR 5CENTS SOLD OUT QUICK so he started buying bills and reproducing them sold to fast to keep up.people were going down south buying loads of cotton paying with counterfeit notes. the U S gov. went to sam stationary store but but to his surprise they were not there to arrest him. No they resupplied him with ink and paper. [true]before that he had printed his name and address on the bottom of notes. that his buyers would just trim it off. I have them with and with out name ,address. start of war c s a doll. was @ about .88 cents on dol. not bad. till sam's funny money brought it down. will try to upload photos ASP happy trails

red cent

red cent

04/20/2016

New PMG Holder

Newly graded on 4/18/2016 Fr-1184 with PMG's super material. It is very nice. The lovely and rare Fr-1184. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

04/18/2016

ADDING - ONES in APRIL 2016 - SMALL SIZE FEDERAL RESERVE NOTES SET SCORING UPDATE

THE 1974 ONE DOLLAR STAR NOTES SCORING CORRECTION The Collector Society just updated the One Dollar star notes scoring for SSFRN Fr #1908 series of 1974 within all sets. The changes can be seen within all existing sets. This update move some of the notes into the RARE Note as base on the PMG latest population report, with 4 at the lowest and 23 at the highest shown in the report for each slot. Also the society is also working on most of the Small Size Federal Reserve notes to add mules and back plate error to the $1 Federal Reserve Notes - District Set with Stars and Varieties set. You can see the updated set in my $1 FRN DISTRICT MASTER SET. With only four percent or 22 notes are needed to complete this set, they will be the hardest of the notes to fine with some not listed in the population report and the addition of 2013 series of notes to be added. In the header of this set type for $1 Federal Reserve Notes - District Set with Stars and Varieties is a complete history on the building of this set and the future notes to be added for the SERIES of 1981 CHANGEOVER PAIRS to the set. Updated on April 29, 2016 - Collector Society just made a change to the small size and other notes scoring to most sets with a net add of 4,335 points. Updated on June 8, 2016 - Collector Society just made a change to the small size and other notes scoring to most sets with a net lost of 6,554 points. Updated on June 20, 2016 - Collector Society made a new change to add and update the scoring with a net add. To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

04/08/2016

Rare Gold Certificate

My theory is that rare notes, especially gold certificates have great potential. Nobody ever responds to my posts but folks look at the pictures s I assume they enjoy. Here's what my new deal is....count the population report of all the gold certificates from both PMG and PCGS web sites and try to purchase mid-grade versions. I can't afford GEM's. Fr-1174 is a $20 gold certificate. It looks at lot like the well known Fr-1187 with Speelman/White signatures from 1922. OK, for Fr-1187 PMG/PCGS reports 2,168/1,739 for a total of 3,907 graded notes!! Now the Fr-1174...1906 $20 gold that looks very similar to the Fr-1187. Here's the count 35/31 for a total of 66 graded notes!!!!! Think about it...people think a coin is rare when only a couple of thousand have been graded. I bought a note with only 66 examples to be graded. Think how rare that is. There must be value in that rarity that veteran currency collectors are aware but not the general dummies like me!!! Feel free not to comment since no one ever does. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

03/22/2016

Reverse of Rare Fr-1184

From previous post on Fr-1184 Read previous post on thoughts about low population gold certificates To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

03/22/2016

 

Hyperinflation of Arts

Old Navy created the T-shirts "Young Aspiring Artist", but with the word "artist" crossed out, and substituted with other words such as "astronaut" and "president". The T-shirts triggered controversy and social media outcry. Old Navy created the T-shirts "Young Aspiring Artist", but with the word "artist" crossed out, and substituted with other words such as "astronaut" and "president". The T-shirts triggered controversy and social media outcry. People were complaining about the shirt shamming artists as a legitimate career choice. Old Navy apologized for the T-shirts and pulled them from its stores and issued a statement that it did not try to offend anyone on purpose. In my opinion the Old Navy did not offend anybody. The T-shirt merely reflected the current affairs of the art and the place of an artist in our contemporary times. I call the current situation "Hyperinflation of Arts". Hyperinflation in economy often occurs when there is a large increase in the money supply not supported by the product growth, resulting in an imbalance in the supply and demand for the money. Left unchecked this causes currency to lose its value. Rapid devaluation of the currency, and with it, hyperinflation, is devastating for the economy and it is very painful for the society. "Hyperinflation of Arts" started with Conceptual Art movement in the mid-1960. The movement completely rejected standard ideas and aesthetics of art. Many works of conceptual art, often called installations could be created by anyone. In the article "Paragraphs on Conceptual Art" Sol LeWill explains: "In conceptual art the idea or concept is the most important aspect of the work. When an artist uses a conceptual form of art, it means that all of the planning and decisions are made beforehand and the execution is a perfunctory affair. The idea becomes a machine that makes the art." In music around the same time, the avant-garde movement developed. That movement in music challenged and critiqued existing aesthetic conventions, rejected existing status quo, and introduce new and unique elements to provoke or annoy the audience. Music, however, recovered from the influence of avant-garde movement, and moved on. Maybe because you can reject existing status quo all you want, but at the end of the day, you won't be able to play any music without music elements such as rhythm, harmony, dynamics, etc., or music theory. Yes, you will be able to go on stage and cut the piano in half to shock and annoy your audience, and you can declare that it was a music performance. Next time however, your audience is not going to show up to see it again, because it was interesting once (maybe). Music moved on, and avant-garde movement is just a movement in music history, however art never recovered from the conceptual art. Art is still under strong influence even now in the twenty first-century. We are still suffering from the belief that idea suffices as a work of art, and that concerns such as aesthetics, expression, skills are nothing, but the limitation to the boundaries of art. The boundaries were pushed very hard and are still being pushed. Institution such as museums and art galleries, and educational institutions are still forcing conceptual art as a main stream art, and any other styles of art suffered devaluation. The idea that you don't need any skills, or education, or talent, or anything else to become an artist was pretty much accepted. This notion opened the door for anybody who wanted to enter the art scene and declare themselves the artists. I personally witnessed ridiculous situation when someone without any degree was teaching in a major university. The university hired someone without any degree to teach the students who were actually pursuing the art degrees. I'm sure everybody is familiar with a tale by Hans Christian Andersen "The Emperor's New Clothes", about tailors who promise an emperor a new clothes that is invisible to those who are unqualified for their positions, stupid, or incompetent. When the Emperor paraded before his subjects in his "new clothes", no one dared to say that they don't see any clothes and the emperor is parading naked, until a child cried out, "But he is naked!" I cannot help but think of the Andersen's tale when I think about the art affairs in our contemporary times. The mainstream institutions still strongly insist that "Emperor" is wearing expensive and sophisticated clothes and those who are unable to see, are unqualified stupid and incompetent. I personally see that "Emperor" is naked, Old Navy sees it, so does everybody else. Conceptual art like avant-garde music was shocking, and appeared fresh in sixties, seventies, eighties... , but in our contemporary time it cannot pass as fresh, but quite opposite. It stinks... Because there are no boundaries to entry, the art scene is flooded with endless number of people who aspire to be the artists, but don't want to spend a lot of effort, time or money to produce the quality artwork. The product they produce is the product of no skill, and represents rejection of standard ideas and aesthetics of art by the conceptual art movement. Such products presents very little value, therefore the value of art has been deluded, and in return the place of an artist in the modern society slowly disappears. Like in economy, rapid devaluation of the currency, and with it, hyperinflation, is devastating for the economy and it is very painful for the society. Rapid devaluation of contemporary art is devastating for art, and painful for the society.   more at:https://www.google.co.uk/

johnadam111

johnadam111

03/17/2016

Reverse of $50 Fr-1197- My Scan

This is my scan of a note I purchased. The seller tinted the scan with more orange to make the note more presentable. Be careful when you buy gold certificates and be sure to ask. Is this the original scan or di you colorize it? I think my scan is nicer! My scan of the reverse of Fr-1197 $50 Gold Certificate. Next post is the sellers scan. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

03/07/2016

Reverse of Fr-1197 Seller's Scan

This is sellers scan of a note I purchased. The seller tinted the scan with more orange to make the note more presentable. Be careful when you buy gold certificates and be sure to ask. Is this the original scan or did you colorize it? I think my scan is nicer! Seller's Scan. This business is full of tricksters. Rule: buy certified notes that the seller guarantees the scan color has not been altered. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

03/07/2016

Gold Certificate Reverse

Obverse is rare Parker Burke signature combo I keep believing large size gold certificates that are GEM or relatively rare are the way to go. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

03/06/2016

Reverse of NET $5 FRN

Pinholes is an understatement!! Thanks Pop, bet you never knew this note would be posted on a thing called the internet and potentially bee seen by thousands! RIP To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

02/21/2016

Inherited from Grandfather in 1972

Sat in a drawer for 40 years Our grandfather saved a few bills from when he first immigrated to the US in 1917. I decided to have them graded and although worth very little, they are priceless to me. Sweet man thought he was passing down valuable currency! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

02/20/2016

ADDING - ONES in FEBUARY 2016 - MORE NEW SMALL SIZE FEDERAL RESERVE NOTES

BEP ADD MORE NEW $1 NOTES - THE LUCKY MONEY COLLECTION Over this year BEP will add more new runs of one dollar notes with the addition of the 2013 series printed by both the Washington DC and Fort Worth Facility. The following notes have been printed at this time, form the Fort Worth Fr #3001-A, C, D, E, F, G, G*, H, I, J, K ,K*, L and L*, the notes from the Washington DC are Fr #3002-A, A*, B, B*,C, E, E*,F and F*. Some of DC and FW may be issue by the BEP as Lucky Money starting with the first three number (168XXXXX) in the serial number. This note is considered as Lucky Note for many Chinese because the combination of numbers 168 together mean prosperity forever. I pick up only two 2013 Fr #3001-I (fw) with the serial I16881144A and I16881145A from the US Mint at the Long Beach Coin and Currency Expo Show, I have sent them in for grading an they came back grade as PMG-66E, the Collector Society completed the scoring for this note slot in its last update. You can see the update list of notes on www.uspapermoney.info for all denominations.   You can see the new notes in my FRN DISTRICT MASTER SET type $1 Federal Reserve Note - District Set with Stats and Varieties Note: Of all the notes printed by the Bureau of Engraving and Printing, the one dollar note makeup about 45% of the currency production. Update on 3/19/16 to correct the notes from both the Washington and Forth Worth for all notes that are printed to date. Update on 4/12/16 to add the DC E* star notes that were printed in March 2016. Update on 4/18/16 at this time only two of 2013 Fr #3001-I (fw) have been graded to date. Update on 6/14/16 all of the LUCKY MONEY are sold out form BEP Store website. Updated on 9/5/16 in the last population report, the total notes graded is seven with two at a 67E. Updated on 2/1/17 A new run of One Dollar Note - Prosperity Forever or Lucky Money Collection are listed on the BEP Website at $4.50 each. Below is a photo of the last run I/A Block To see old comments for this Journal entry, click here. New comments can be added below.

STEVE R

STEVE R

02/18/2016

Investment Focus

What notes are the best investment? One might say any note you can buy low and sell high! Since this Journal is useless in that I am talking to myself (no one ever replies) here is my take. GO to Track and Price. It is surprising some notes perceived as rare, BILLIONS were printed. Small silver certificates after 1934 are just about all worth a few dollars. Some make money by selling hundreds of these graded at 65 or 66's bought for 20 bucks ans selling for 50 to 100. Even the star notes are worth not much more than face UNLESS they are rare and those have been cherry picked to death by the experts so just about any small note after 1928 without a star, 99% have little to no value. I am amazed ath the 1934 notes that look exactly like modern money selling for crazy prices. If they are not $500 or $1000 bills forget it. The ony real exception are the Fr2500's the small 1928 gold certificates. If they are 64PPQ or better the 10 and $20 are of value. The $50 and $100 gold certificates are worth a look. One 67PPQ $100 gold certificate from 1928 sold for $105,000!! SO i look for those. I also have a few Fr-1500 red seal funny backs. 64EPQ and above are good investments. Some of the rare Type 1 NAtional from 1929 and rare FR Nationals like the $5 San Fran and St .Louis are valuable but good luck finding them. My advice, don't buy little bits of small note here and there. Save up and buy a high quality LARGE SIZE NOTES, either gold certificates or silver certificates or the old legal tender if you can afford. Small notes, unless you love building complete collections are just a waste of money. I always try to get PPQ or EPQ and but one INVESTMENT instead of 20 graded pieces that will never be worth more than what you paid. Everyone should have an Fr-2405 shown below if you like small. The next journal is large example of paying for a prime note to hopefully let it increase in value since the note is from 1882 and in 40 condition. My Dad always told me, "Buy a house to sell it" I buy notes that I know will sell. Of course, I had to learn the hard way and get ripped off by a guy hat would rather steal a couple of thousand dollars than have a long term customer. Beware of who you buy from and if you buy ungraded notes, you will almost certainly lose. That's where the predators operate. To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

02/15/2016