Paper Money: New Acquisitions

I see many Heritage Auction pieces get on ebay at almost twice the selling price. They prey on those who are uneducated and can't grade properly. Many doctored notes as well.

 

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Thanks. The seller couldn't have made over $5 on the sale. It was a legitimate dealer, with a large inventory, so I didn't feel I was taking advantage of someone. It probably came into his shop at face value.

The benefit of the garbage listings, is that the good deals sometimes get buried and can be found way after they're listed, if you have the right keyword combinations and a little time.

Yep. Other than the fake 1923 $5 porthole (which eBay refunded me for), I have had a pretty good experience buying raw notes. There are tell-tale signs of doctored notes. And if the images are too fuzzy, I'll request clearer ones. But generally I only buy raw notes from sellers that accept returns.

 

That's probably a better buy in the long run Funkee versus buying these new $100 notes. Anyway my latest purchase a 1907 $5 woodchopper in a 35 grade ! This note has very nice eye appeal and is nicely centered.

 

Always loved those woodchoppers. Very nice note.

 

I made two currency scores today at our mega antique expo. The first was a 1917 $2 U.S. Note in god-awful ugly shape. But for $17.50 how could I walk away?

 

The other buy was more impressive and I credit my education on this forum for recognizing these while the dealer didn't. Two German Allied Military Currency replacement notes. They aren't very pretty either and the 5 mark has a 1/2 inch split at the bottom. Total cost, $18 for the pair. From what I'm seeing on eBay (where they will eventually end up) that seems like a good price. I'd appreciate knowing how much the split is likely to devalue the note.

 

The half mark is a US printed replacement (dash and Forbes "f" in the lower right corner scrollwork) but the five mark is the Russian print (dash but no Forbes "f").

Unrelated to this, but something to look for. The Russian printed AMC half mark note is one of the scarcer notes. It has the smallest printing of all the Russian printed notes.

 

Found another note for my serial #12 collection. This one is serial 00001212 on the 12th district.

 

I'd pay that too. Nice one!

 

I had no idea -- thanks for the education. So are there Russian and U.S. versions of the entire series? Also, why do all the higher denomination German AMCs start with a dash -- and how would you identify a replacement note?

 

First two notes have arrived. This is a warm-up to what's coming next.

1874 $0.25 5th Issue Fractional in Gem CU.





1882 $10 Brown Back from Cleveland. With two vertical folds and some minor teller handling, I'd pin this at a 45. The next highest grade for this bank, of all denominations is a 30.





Another bad-ass note to come.

 

I really like the Brown Back. I have a VF35, and it has many more paper wrinkles and folds. Not as clean either. You are right on as far as it being a XF45.

 

When juggling the thought of buying it, I thought it could come in anywhere between 40 and 53; with 53 possible but not likely.

Does anyone know if the centering of a note affects its grade, when it gets below 58?

 

And the piece de resistance:

1875 $5 Lincoln IL in XF-AU.





I'm going to be paying this one off for a little while.

 

That's nice, I like that one.


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Outstanding note funkee! I love the vignettes and the overall look of it. A lot going on on the note but it all goes together...it doesn't look "crowded". Nothing to dislike on this beauty. Congrats on all your new pickups.

Bruce

 

Absolutely beautiful note Funkee. Congrats!

 

I've thought about this question since you asked it. My reasoning would be yes. But as you move downward in the over all grading scale of the note, it becomes less and less of a dominate issue. The folds, soilage and other blemishes begin to out weigh it. Eventually you could get to a point where the other problems would make it superficial. IMHO.

 

Stunning

 

More notes I picked up this week for the shop. 1862 Legal Tender