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Gold Certificates!!!

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Ch #6301

My beautiful Ch #6301's. Just tell me I have a reason to be in love with this Charter.     

Sheik Sheck

Sheik Sheck

11/16/2018

Last Reply:
11/26/2018

Ch # 252 Multiple Signatures for $5 Note

How about FOUR different signature pairs for a single bank. Two of the notes show the cashier presumably promoted to the President. And C.C. Taylor, the cashier quite common on the Ch # 252 notes is President on the 1929 small versions from this Charter. I wish someone could explain this bank's storied signatute lines. Obviously the "FirstSecond NB" merged to become the First NB but the multiple signatures requires some research of which I haven't done yet. 

Sheik Sheck

Sheik Sheck

08/25/2018

Last Reply:
11/10/2018

Collage from Los Angeles Ch # 2491

I can't find the $5 note!?!? Other than that, this is an awesome collection I put together. They are all graded but finding notes with the same signatures for all the denominations was not easy. I really enjoy putting sets like this together. Comments would be nice!!

Sheik Sheck

Sheik Sheck

08/14/2018

Last Reply:
12/08/2018

 

Example of Bad

I did business with the purveyor of these notes. Note the tape as the holder fell apart. Fortunately I don't see many of these holders anymore but it was not a good way to begin collecting, doing business with a person that doesn't care about long term customer relations as opposed to making a quick buck. If you do see these holders, treat them as CGA or ungraded notes as the owner was grading and selling notes at the same time. I still find it hard to believe that ungraded note sellers on Ebay fetch top retail dollar . People just don't understand that large size old notes are not graded for a reason. The note has certainly been inspected  by professionals, probably dozens of times. They are not graded because there is some small flaw that translates into hundreds or even thousands of dollars for high dollar large notes. And folks bid these notes up to full retail based on the sellers description "Strong XF, Choice Unc., check out my 100% feedback"...etc. 

Sheik Sheck

Sheik Sheck

11/22/2017

Last Reply:
10/28/2018

 

CH #252

I am trying to complete a set from one national bank set. I chose the First National Bank of Pittsburgh (Ch #252) because I originally bought an ungraded 1902 $5 Plain Back. It graded 35 EPQ and the signature of the bank president Lawrence Saunders is a wonderful signature. Also, this is a common bank with many notes so I thought the chances of getting most of the denominations would be better. It's not as easy as I thought. I rarely see the large denomination notes for sale. If anyone can help, I am BUYING CH #252's. Notice the the cashier was C.C. Taylor on the large notes and is also the same cashier on the small Type 1 notes! C.C must have worked at the bank as a cashier for many years. Anyone else trying to do a collection like this??

Sheik Sheck

Sheik Sheck

11/20/2017

Last Reply:
11/15/2018

 

1875 NBN Paris, IL Graded

I finally had it graded. I picked the note up for a very nice price ungraded. There are several notes that were preserved with about the same serial number range so the lack of extreme rarity makes these notes of less value. I have seen several of the CH# 1555 in $10 and $20 denominations sold at auction. They are always graded and always seem to be AU or Unc with the EPQ designation. So, as I have posted before, these type of notes are not graded for a reason and here is it this time. When I received the note, it was clearly AU or Unc so I thought it had probably been flattened. This time it did not grade NET but it was commented as "Previously Mounted" I always thought that meant it was in another holder and cut out and sent without the previous holder to another grading service. Matarcat showed a CGA $50 note mounted in a CGA 62....he cut it out sent it to PMG and was delighted it came back as a PMG 63. I wondered why they didn't put "Previously Mounted" on his note. So I called PMG. Maybe I am educating some of you. "Previously Mounted" was detected as remnant of adhesive on the corners which was probably because the note was in a frame or something like that with adhesive tape or something to hang it. I checked the corners before I sent it and I could not see any problems but PMG did. I asked them not to place it but they said they had to. Can anyone see the presence of adhesive on the corners? Anyway it graded out as 62, not EPQ. A mixed blessing. I don't think I lost money but I don't thin it is super valuable like I had hoped for. Moral of story...buy an ungraded note, and you may get lucky and get a fantastic grade making the note worth far more than you paid, but if you buy a relatively rare, expensive, especially old note ungraded, it is probably for a reason. How many experts looked at this note under magnification, saw the remnants of adhesive and balked on purchasing or sending it for grading because they know it was worth more ungraded? On another note, I am so disappointed in this Journal board. I hoped it would be active and teach us all a lot. Instead, I post more than anyone, rarely get a response and when writing, feel like this hobby is so obscure, it's all a waste of time. Anyway, here are the images. 

Sheik Sheck

Sheik Sheck

10/21/2017

Last Reply:
11/05/2017

 

One beautiful French note

I honestly believe the color scheme on this note is as fine as you can find for a vintage note. The colors are manifique!

Sheik Sheck

Sheik Sheck

08/30/2017

Last Reply:
09/30/2017

 

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

 

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

 

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

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

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

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

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

Request for Front of Gold Certificates

I had to put one extra in this, the TECHNICOLOR. The greatest note there is. Incredibly overpriced and only bone heads buy one. ENJOY! To see old comments for this Journal entry, click here. New comments can be added below.

Sheik Sheck

Sheik Sheck

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

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