I have a "White Elephant"
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9 posts in this topic

11 posts

After 20+ years I realized that I just gave birth to a "White Elephant".

The question is, “Now what do I do with it”

I have been collecting the 1957 B-B block $1.00 Silver Certificates for almost 20 years and I bought every one I found that was reasonably listed. 

The B-B block is the rarest and most valuable of all the 1957, 1957A, 1957-B Silver Certificates

The B-B block is the last regular block printed for the 1957 Series.

Over 2.6 Billion regular notes were printed for this series, however only 9.6 Million are of the B-B block. That is less than three one-hundredths of one per cent of the overall 1957 Series printing.      

The Last B-B note printed Serial Number 09600000   

The Highest known Serial Number I know of is 09549860 which is in this collection. (Please correct me if I am wrong)

There are only 433 known PMG graded 1957 B-B notes.  I Have 371 PMG  in my collection which were re-graded by PMG in 2019 for accuracy. (over 6-K just for the grading fees.

The big question that I am putting out to the forum members is, in your best opinion do I try to sell as a lot, or do I give it my best shot at selling individually online. 

The reasonable current value of this set 33K. I have a list of the notes over ten pages with serial numbers.

So please leave your comments as what you think is best to do with this collection. Yes, I will take any reasonable offer. (Reasonable being the key word)

     PMG has graded 433 1957 FR-1619 B-B block notes known to be

     graded in the population charts.

     I have a total of 372 PMG notes in this collection.

     According to PMG Population charts as of 12-20-2019

     Grade   Value   PMG known   PMG I have

        8       $30            0                 0

       10      $35            0                 0

       12       $40            6               6

       15       $45           19             19

       20       $50           31             31

       25       $55           55             55 

       30       $60           56             56          

       35       $65           40             39            

       40       $70           19             14                

       45       $75           12             12                 

       50       $80            7                6  

       53       $85            7                6                                  

       55       $85           12              12  

       58       $90           21              16

       60       $100           0               0

       61       $110           0               0

       62       $120           0               0       

       63       $130          18            16       

       64       $140          21            16          

       65       $150          18              8    

       66       $170          76            52     

       67       $220          12              8       

       68       $350           3               0                     

------------------------------------------------------------------         

                                   433         372

      Thanks

      [email protected]

 

                       117x120.JPG.2c564b8f645ea2ec5d03c1557e304348.JPG

 

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11 posts
49 minutes ago, Revenant said:

What has you deciding to sell?

I have decided to sell a few at a time with the lower grades first. It might take me a few years and I figure I will end up with seventy cents on a dollar. But the reality is that the collection will never sell as a set.  "It is what it is"

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108 posts
On 12/23/2019 at 4:35 PM, Dana Wood said:

I have decided to sell a few at a time with the lower grades first. It might take me a few years and I figure I will end up with seventy cents on a dollar. But the reality is that the collection will never sell as a set.  "It is what it is"

I think this is what happens any time you get heavily specialized in something that not many people do. In the course of buying up so many of them you can almost make an artificial shortage, which can drive up prices on you while you're buying, which can then reverse when you start to sell and end up flooding your own market.

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19 posts

Concur with selling them slowly because of supply and demand. It took you 20 years to collect them, so don't be surprised that it will take that long to offload them unless you want to take a big loss.

Good luck!

 

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