G. D. Snyder

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Everything posted by G. D. Snyder

  1. Hi. It is what would be considered a radar note, because the first four digits "0142" are the reverse of the last four digits "2410". I couldn't say what it is worth, because it would depend upon the grade and whether it is certified. A search on eBay for "radar note" under "Small Size Federal Reserve Notes" would be the best way to assess what prices people are paying for them. I saw a listing for an uncertified uncirculated 1999 $5 radar note for $35 but no takers.
  2. "Contemporary" means that something took place at the same time as the subject in question. For example, a contemporary counterfeit was made at the same time the original, such as the counterfeits made by England to undermine Continental currency during the revolutionary war. In this case, a contemporary reprint of Lazy Deuce means that it was made at the same time the Lazy Deuces were being printed and/or circulated. Based on the images, I'd say that the "reprint" simply means that the number of the back of the note was put on the note when the note was actively circulating rather than later by some owner and should not detract from the value of the note as a collectible. It's not the charter number (which should be "972") so I can't say just what the significance of "2748" is. I know that "St. Nicholas" note (usually those actually showing him) do have an appeal to some collectors and could explain the asking price.
  3. That's a good question, and probably is one of those "I can't really describe it, but I'll know it when I see it" topics. As I understand it, a bend is a "soft" but permanent deformation that keeps the bill from naturally lying flat but that does not break the paper, because the surfaces of the paper adjacent to the bend were not forcefully pressed against each other when the bill was doubled up. A bend does not create a sharp angle in the plane of the surface of the paper, so that a note with a bend does not have or show a permanent line in it as does a note with a crease or a fold. A bend occurs when many notes are placed in a a wallet or billfold that is then closed, or when a wad of notes is rolled up. As I further understand it, crease and fold are essentially synonymous, although to me a crease is more severe and means that it breaks the paper so that break line is very clearly visible, whereas a fold is less apparent.
  4. In my opinion the centering looks good enough for a 67 (it looks a bit low and tilted slightly counter-clockwise on the face in the image). However, there is no way to know the paper quality without actually handling the note and PMG will not assign grades higher than 64 unless the note rates an EPQ designation regardless of other factors. This requires that that the embossing and paper wave of the note not have been removed by pressing or flattening the note as too many early collectors did. A high-grade 1928-A $1 silver certificate is not particularly rare and a partial repeater for a VA block note doesn't add anything, but in my opinion a gem uncirculated note (with exceptional paper quality) still is worth the cost of sending in for an official certification.
  5. Per the PMG information regarding holders and labels, 16-note uncut sheets are too large to be encapsulated. Consequently the certified grade cannot be guaranteed by PMG once it leaves their facilities. Based on that, I'd say that PMG does not and will not grade 16-note uncut sheets.
  6. I remember seeing these being sold in gift shops in places like Las Vegas and even in the Sears catalog back in the day. These are invariably novelty items that people bought to use as paper weights.
  7. PP means "plate position". For large size US notes the plate position is a letter, often in fancy font, from A to D somewhere on the face of the note. For small-size US notes (other than Web press $1 Federal Reserve Notes that have no plate position) it will be a letter in both the upper left and lower right of the face, each of which will be followed by a number. The plate position for small size US notes begins at A but I don't know how high the letters actually go (I've personally seen them go as high as Q for silver certificates). "Block" refers to the two letters on either side of the serial number (e.g., a note with serial number A12345678F would be from the AF block). Block numbers for star notes have only one letter and a star (e.g., serial number A12345678* would be the A* block). If you want a watermark noted on the label (typically not necessary since it would a standard feature of the note being graded) you could note that in the "Variety/Pedigree" field.
  8. A certification agency likely would be able to determine if the coin was damaged during the minting process or after it was released. Without a photo I can't be sure, but my opinion is that the coin may have been jammed in a dollar coin accepter like on the old-time slot machines and damaged when it was pried out by a slot mechanic. My first step would be to show it to and talk with a coin dealer since they are generally are pretty knowledgeable about coin errors and possible counterfeits from China.
  9. The 21st (2017) edition of "Paper Money of the United States" by Arthur L. and Ira S. Friedberg notes on p. 266, "Perhaps the most commonly encountered alteration involves notes whose back color has changed to a yellow or orange hue. Such changes occur when paper money is washed in an alkaline-based laundry detergent; most are likely inadvertent."
  10. One way is to interpolate a value given the listed values (i.e., estimate the price for a CH64 to be halfway between a CH63 and GEM65). I've found that the listed prices for many notes in the Friedberg books seem agree with this, with an EF40 landing about halfway between a VG20 and UNC60. That's possibly because the listed prices are based on selling price, and the sellers set the price using interpolated values. You might be able to come up with a more exact value by graphing the price and fitting a curve through the listed points.
  11. Hi. You probably want to post this under the "Ask PMG" category if you need an answer from PMG.
  12. Actually per PMG's submission instruction 8c if you don't know or include the standard catalog number for a note (Friedberg, Pick, Criswell, Swann, etc.) on the submission form PMG will research it for you, but charge an additional $5 for an attribution fee.
  13. To be a little more specific, it is not a palindrome or "radar" note because the serial number does not read the same left to right as right to left, such as "12566521". A true bookend note would have a serial number with the same two or more digits at both ends of the number (e.g., "12xxxx12" or "123xx123" would be bookends). I've never heard of a "radar bookend" that presumably would be something like "12xxxx21" or "123xx321". A binary note would have only two digits in the serial number, such as "9399393", although purists would insist that the digits be only 0s and 1s. This note has only three different digits so I expect that it could be called a trinary note. Most serial numbers would interesting somehow if you like numbers and consider them in the right way.
  14. For my collection I use the SuperSafe certified banknote albums and pages, which can accomodate both PCGS and PMG standard small and large size currency holders. You can find them (and similar Lighthouse and possibly Whitman products) on eBay under Coins and Paper Money -> Publications and Supplies by searching for "certified banknote album pages". The stock number for the SuperSafe pages (2 pockets per page, 7-7/8" x 5-1/2" each) is NP200.
  15. I've noticed that while most PMG currency holders are colorless, some appear to have a very slight (somewhat blue) tint. Is this just variation in the holder material, or can it mean something (i.e., a reholder or possibly counterfeit certification)? I've attached a 600-dpi composite image of two similar notes of comparable grade that were scanned in using the same scanner. I realize that scanned images can have a color shift, but the tint is definitely visible to the naked eye. Thanks.
  16. I was able to view the pictures. I would say that it definitely was a post-BEP incident.
  17. Hi. Just FYI, there is no picture attached to the post for anyone to respond with a meaningful answer.
  18. There was no picture that I could see, so I'm just guessing that it might be an ink transfer during the second printing from the sheet that was lying on top of it.
  19. Depending on the actual series and district, I don't think it's a terribly uncommon event. Apparently star notes are printed ahead of time so that they will be available to substitute into packs of non-stars when a defective note is found. Because quality control of note production is much better now than in previous years FRN star notes often go unused and the star packs are released into circulation with standard note packs rather than simply destroyed or the notes put into BEP souvenir currency merchandise. The star packs undoubtedly are less common than those of standard notes, but aren't so rare that they can't be purchased on the secondary market at a nominal cost over standard uncirculated packs. On eBay I've seen $2 star packs listed for as low as $350.
  20. Here's something that has puzzled me and I was thinking of writing about it, either as a separate article or as part of a book, and would appreciate any input someone may have. If you look at the Friedberg references for 1928 $1 silver certificates alone over 3.4 BILLION of these notes were printed. Each of these notes certified that a silver dollar had been deposited in the U.S. Treasury and was payable to the bearer on demand. However, If you look at the total number of silver dollars minted from 1794 through 1935 the mintage total falls far short of this number even if no dollars were placed into circulation. Some work with Excel and the mintage figures from the 2019 "A Guide Book of United States Coins" give a total mintage of 891,494,883 and only 621,262,161 silver dollars (discounting data entry errors) if the silver dollars melted under the Pittman Act are factored out. My question is: Why this discrepancy? I see nothing on-line or in currency references that addresses this discrepancy. Did the Treasury print far more certificates than actually were issued and, if so, what happened to them? Are the certificates in public hands more scarce than the numbers would suggest? Did the government gamble on most people not redeeming the notes and essentially print hundreds of millions certificates promising redemption with "phantom dollars" without actual specie backing? Were the silver certificates printed simply to meet demand for $1 bills because legislation (other than the 1928 legal tender notes) gave the Treasury had no other option for $1 notes? Just how far back did this apparent lack of silver dollar backing actually go? And did the change in the wording of the obligation from "one silver dollar" to "one dollar in silver" in the Series 1934 silver certificates have anything to do with the apparent lack of silver dollars. I suspect that the reason is an amalgamation of some of the above due to the demand for notes both by businesses in the waning of the Roaring 20s and the subsequent New Deal coupled with legislation restricting the number and types of $1 currency, but haven't found any definitive answer to this. I've e-mailed the Treasury with this question and (not surprisingly) have received no reply. Any ideas?