Pair of Unreported Nationals

Well at least they were till earlier this week.

Apparently these are the first Series 1882's from either of these banks to show up.

Marshall MN, and Wellsburg, WV

 

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They were until you posted. All my previously "unreported" Series 1875s are now reported as a result of posting them in online forums.

There were 7 reported notes for Ch #4595 and all are large size, no sm issued. There are 13 notes in large reported for the Wellsburg WV note, curiously I thought that would be a bit scarcer than the Minnesota note.

 

Did I see a small A on the cashiers side for Assistant??? If so I think the price just went up. Looking again maybe I saw a V for Vice President??? OH boy.

Dean 295

 

I will check in the morning but I think you are right. I'm not so familiar with the signatures... what does what you are talking do for the value?

 

You were correct Dean.

 

Thanks for saying I was right. I thought I could of been wrong. Also look for, wrong number in the Charter numbers sometimes they do pop up.Also look for wrong serial numbers. When you go to Don C. Kelly's site he mentions them sometimes and the price goes up.
Dean 295

 

Wow, this is pretty cool. I wonder how many obsoletes are out there that have been unreported to date.
Any idea on value for these notes?

 

There are lots of notes that are unreported. Sometimes deliberately by owners that know what they have and want to keep it out of the loop, other times people don't know they have something that is unknown. A lot of collectors out there collect casually and don't get into Haxby or Kelly Catalogs - so there are lots of unknowns.

 

Yeah, I didn't have a choice into the matter. The guy I bought them from had already E Mailed Kelly a couple of weeks ago... haha! Might as well show them off now.

 

THose are very nice Matt.
Do you get much currency at the shop?

 

Why would you want to keep them unknown? Is there a specific reason for that?

 

We buy a fair amount. You just never know what people are going to come in with.

 

I would see it as a selling point... "This note is unknown... but I have this one for sale"... something along those lines.

 

Well, indeed. There are some notes with one or two examples reported - any addition to the census can easily shoot 50% off of the value of the note - particularly a scarce Alaska, Hawaii, Idaho, Colorado or Arizona note. Even in common places with uncommon or popular names like Intercourse Pennsylvania - prices are relative to the known available notes. For instance, there is one reported note for Concord California - and has been for over 25 years. But tomorrow a guy walks into a shop and offers the dealer one that he found in an old book - the other note sold in Heritage for $15K back in 2004. So the dealer hypothetically buys it, it is in similar grade. He reports it to Don Kelly, and easily the value of both notes plummets.

 

Ok, I understand now. Thanks Lost Dutchman and Scottishmoney for those examples.

 

Nationals are becoming more of an interest to me - especially particular places, but wow what a learning curve to getting into them. And I am still learning too.