I would like to get some affordable small notes from like the 1928 to 1934 to see if paper money is my thing. What suggestions do you have. At this point I don't care about which branch they come from, and looking at $1's $2's or $5's. I see them graded from PCGS and PMG, is their anyone else? I see several on ebay graded from 63 to 66, but I don't get the PPQ or EPQ which is higher? Any suggestions is their much difference between a 64 and a 66? What about a 64 EPG vs a 66?
I'm doing a type set on $1 notes...it has been fun. I'll post it in a few weeks when I've got it closer to how I want it. So, you can get the 28 and 34 funny backs, then a 35 silver certificate, then a 57 SC, then a 63 FRN and so on. Then go backward and get some of the large note $1.......It is addicting.
Here,s a suggestion Mpc! Most notes can be had for a song even in graded condition i myself Started in the ungraded arena and you could build very nice sets for $50-$60
This recent thread discusses the TPG's: http://www.cointalk.com/t161586/ and this one is on the difference between PPQ and EPQ: http://www.cointalk.com/t87605/
Hello Tater: This is just my opinion, take it at face value. Paper Money collecting is exciting as well as challenging. The Series dates you have listed 1928 thru 1934 hold many interesting banknotes. Depending on your idea of quality will determine your outlay of cash to get started in Paper Money. Just as with coins, I will suggest buy the book first. Look at Major Auction houses archive records for recent sale prices of notes you are interested in. Then I would do the following, it worked for me pretty well: 1. Establish accounts at Heritage 2.Establish a relationship with Dealers that handle your collecting goals 3.Get a second job to pay for the notes. ( High Quality Notes, they get pricey) 4.Obtain proper storage space such as a safe and mylar slips for any raw notes you may come across. 5.Bookmark internet Dealer Sites and check them daily Small SIze Federal Reserve Notes from those dates can be pricey in high grade material. Star notes from all of thes Series are evn more! Always but the best you can afford and start with the key notes first as they are in demand and when available, may not be so for long when you find them. Talk to us here on the forum and learn what you can. As an example, it took me over 5years to build my Denomination Set 1934 C New York Notes. I just finished them and posted them in this thread http://www.cointalk.com/t162000/ I wish you luck in your new venture and if I can ever help, let me know.
Though they have been around awhile they have been the subject of much discussion as of late The previous owners were accused of over grading notes and then selling them to make much More money then there worth, but i have heard good things about the new ownership But with that said PCGS or PMG would be the only ones i would ever use!
Thanks Rickie. I have seen your post and don't think I will ever get to your level. I have been watching Heritage I even watched as you sold some of yours. Currently am waiting on my book to arrive. You mentioned online dealers, who are some of them other than say Heritage, Teletrade, etc.?
RickieB summed it up well, and depending on which part of the country you live, look for a local or regional coin/currency show to see the different notes up close and in different grades. The major shows attract most of the dealers that have online stores. Read as much as you can about the notes you plan to pursue, and have fun.
Tater, Welcome to paper money collecting! For an idea of what is out there as far as small-size notes, go to The Newbie Institute under Community (then Groups). I had put a brief, but extensive, discussion on small-size notes and their varieties.
