Sheik Sheck

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About Sheik Sheck

  • Boards Title
    Collector is an understatement.

Personal Information

  • Occupation
    Collector
  • Hobbies
    Collecting Currency
  • Location
    Central Texas

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  1. Sheik Sheck

    Latest Acquisition

    You are truly an awesome Citizen!
  2. Sheik Sheck

    Latest Acquisition

    Truly. Many notes have actually lost value over the last 10 years or so. Even the really expensive rare notes have even seen some decreases since 2013-2015 and it's fairly apparent that the highest note prices were prior to the crash of 07-08. Also, I see folks bidding on Heritage are reselling on Ebay for a razor thin margins. I wonder how many real collectors are out there! I have noticed that really nice notes that have large populations have more or less remained constant over the last 8 or so years. So yes, that commission eats you up when you resell. Banknote Reporter has scant mention of price trends so you're right, there is very little guidance on price trends. One really has to watch the markets closely to even get a feel for it. T&P is good, I just never found it a particularly useful guide on price trends. Doing searches on Heritages ~600,000 notes sold is the only way I can really keep up on trends. I have noticed you can take a bath if you try to resale notes with any flaws unless the rarity of the note precludes those flaws and that seems to be on really expensive notes. And of course, as I have said many many times, buying ungraded notes is Russian roulette. Finally, the traffic of this board compared to NGC or other coin sites is really the nail. This board has a handful of us posting. PMG has let this web site flounder. Many folks update their note collection but no one shares their ideas. Maybe because us currency collectors are the oddest of the odd but i do love it!
  3. Sheik Sheck

    Latest Acquisition

    There is life on these boards! I am curious what the buying and selling trends are in the currency world so I try and keep up with Heritage, Ebay, Stacks, Lyn Knight, Great Collections..etc I want to know if I am going to break even or not if I ever liquidate my collection. Unlike collecting nickels or quarters in a cardboard holders, paying significant money for a lot of currency begs the question of investment potential. Of course one must by the note, not the holder, but if the note is common, any comments or NET has risk. For rare or hot notes, comments are less important but it seems NET's and comments can result in incredible discounts to the actual value. Definitely a hobby one must do their homework. Thanks for the comments.
  4. The meaning of complete set in our world is subjective to say the least. I go on PMG's definitions for the Type sets that I mainly pursue but when you start talking about National Banknotes...Wow...is it both large and small Fr's? Large notes that go back to the Originals? Large NBN notes of a given denomination? Individual Ch#'s in large and small? Or just large? I guess you get my drift. And I am still working on the custom "signature"sets which is a really poorly written code. You agree? Anyway, no answers from me. Just rambling.
  5. Sheik Sheck

    Latest Acquisition

    After shopping for the vaunted Bison for several years, I finally made the plunge. I am trying to pick up only EPQ when at all possible since observing sales, the slightest comment can cause the price to be extremely volatile. The most minor of comments, NET or not, seems to reduce the price by quite a bit. I'd like to hear your opinions. Bank Note Reporter noted that recent auctions seem to ding notes with "closed pinholes" or "minor repairs." PMG tends to obscure the topic by assigning NET in a somewhat arbitrary fashion. NET can really kill the value of a note, no matter how minor the flaw. Thus, please enjoy my EPQ Fr-122!!
  6. Sheik Sheck

    Ch # 6301

    As always, you are a fountain of information. Thanks for educating me regarding the K4 plate. I assume this subscript essentially means the bank had a lot of currency printed. I assume updating later plates with the new charter date and Treasury signatures was a matter of cost. It would have made life a lot easier for the likes of you and me had the plates changed in a more consistent manner.
  7. Yes Indeed! That's correct. I love this note and of course my name is on front. Thanks for the suggestion.
  8. Sheik Sheck

    Ch # 6301

    Indeed that is a K4 plate. The red seals are all C plates and I don't know why the 2 blue seals are coincidentally K plates. I am real confused because I saw a date back, blue seal $10 note but the signatures were that of the red seal notes. And all have the same date on them. Why are blue seals from 1902 have two different signature combo's? This bank always surprises me.
  9. Yes, it drives me crazy but there is nothing that can be done. They process so many notes that some come out with crooked labels and crooked notes. I am a real perfectionist so looking at crooked notes in a beautiful holder makes me grind my teeth, but I am assured that I am an outlier regarding this appearance issue.
  10. Sheik Sheck

    Ch # 6301

    Friday art time. The Mellon signatures continue to intrigue.
  11. Sheik Sheck

    Another collage

    If you get sick of them let me know. I know they get boring. But I enjoy Paint. Here is a Speelman-White signature collage. Those two signatures are very common on many many notes. Here are a few notes you can find the famous duo.
  12. Sheik Sheck

    Another collage

    Speelman and White signature combination.