Klunky

Just hoping some of you wouldn't mind giving me your opinion on grade and retail (coin shop) value. I'm curious to see if you think I got an OK deal or not. I'll withhold the amount I spent until tomorrow evening. Thanks.

RickieB

That note to me looks like AU50 to AU 53. There are handling indicators from tellers along the top portion of the note indicating "wave". I would venture to say $205 to $225.00 is the value of the note if graded in this range. A dealer may ask $250.00-$265.00

RickieB


01-17-2009 Updated post: Klunky, as with all images that are scanned, it may present itself a grade or 2 higher. From what I can see, the teller was left handed or simply counted faster with the left index finger and thumb. Look at the upper left corner on the obverse and you will see the "triangle" starting just above the 9-I and moving on a downward diagonal to the where the "Series of 1914" resides. Again, this is just speculation on my part, but that is what it looks like to me. Some grading companies will deduct strongly for this and the note could fall in the XF 45 range.The "faint crease" should be evident to you more so on the top of the note, but only you holding it can tell for sure. Again, I am not a professional grader, and could very well be wrong, itstill looks AU to me.
Either way, it is a very nice note. Congrats!!

__________________
"A disordered currency is one of the greatest political evils" Daniel Webster....
--------------------------------------------------------------------------------
U.S.M.C. 1972-1975

Klunky

Cool. Glad to hear that. It looks nicer in person than from the scan too. I noticed how some of the notes I've bought from Don C. Kelly have been like that. They look good on the computer screen, but even better when I get to see them in person.

Anyway, I bought that note yesterday for $145. The local shop I go to is much more into coins than currency. That means their paper selection doesn't change often, but there are some deals to be had. I got a 1928A $2 note for $4 a month ago. It's a little rougher than most notes I get VG-F, but for $4, I couldn't pass it up.

De Orc

Simple straight opinion absolutly lovely, the design on the back is quite something

__________________
My Notes 1176 to date 02/06/09 http://www.banknotebank.com/?collection=De-Orc

My Coins 2168 to date 02/06/09 http://www.omnicoin.com/?collection=De-Orc

Lafayette

Nice.

USS656

Great looking note and I would trust any advise RickieB gave on value. Congrats on a nice buy!

__________________
Experience is something you don't get until just after you need it.

http://www.banknotebank.com/?collection=uss656

CamaroDMD

Very nice note. I have always loved the back on these. It shows the vast diversity of the economy.

__________________
The Truth About "O" Mint Morgan Dollars

oldbucks

A very clean and presentable note. From the pictures I cannot tell of the grade, but the natural paper wave adds to the charm of the note. If the embossing is still evident that is even a stronger attribute for the notes favor.

In most cases my opinion is to go after notes that just look great. Yours is one of them.

I try to at least go for a very clean XF or better condition. Everyone has their own tastes and objectives....but I am not one to only target notes that are CU or better. There are too many other ones to enjoy I would be missing.

Jeff

__________________
"Monstra Mihi Pecuniam" -
Member of the: Society of Paper Money Collectors - SPMC, American Numismatic Association - ANA,
International Bank Note Society - IBNS, Indiana State Numismatic Association - ISNA , Illinois Numismatic Association - ILNA

RickieB

Hello Jeff...
How are you?

If you look close on the upper (top portion) of the note, the left hand side in particular, the wave is not natural. I have note with natural paper wave and there is a distinct difference.
It is difficult to tell, however, the image does present a slight creas "counting" in the upper left hand corner. Slight, but it appearsto be there. I still think the note is AU and a beauty at that!

Hope to talk soon....


RickieB

__________________
"A disordered currency is one of the greatest political evils" Daniel Webster....
--------------------------------------------------------------------------------
U.S.M.C. 1972-1975

Klunky

Man, I wish you were here to look at this note in person. I see what you see on the scan, but it doesn't look exactly like that on the note. It's almost like the scaner added some darkness in places. When I look down on the note from the opening in the holder, the only waves I can see are where the colored threads run up and down...about a third of the way in on each side. I just don't see any kind of crease on the upper left side...especially on the back. That being said, I'm new to trying to grade currency, so it could very well be there. Either way, it's crisp, clean and I think $145 is a good deal...crease or not. Thanks for the info on this. If I ever show a dealer or something, I'll see what they say about that corner.

RickieB

Klunky,

That may very well be the case. Scans are hard to judge. Besides that, I still think it is an excellent note! I suoppos the only way you will know for sure it to have it graded.
I wish you the best on it, I love the Bule Seals myself!

Regards,

RickieB

__________________
"A disordered currency is one of the greatest political evils" Daniel Webster....
--------------------------------------------------------------------------------
U.S.M.C. 1972-1975

MattMpls

I'd say $145 for that note is a fair deal. The Mpls district almost always commands a premium.