Hi all, I have a 1976 $2 J series half sheet of star notes. A few questions for you folks. Whats your opinions on the best way to sell it? Auction,Private on a site or through a dealer? Do I get it graded first? What is your opinion on what its worth? Have seen some prices at auctions but have no idea what they sold for or if they sold. Not the best pics,coins are just to hold the sheet flat. It has only been out of the tube it came in a few times and kinda rolls up on its own. So condition is great. A couple of them have cool serial #'s. Thank You for any and all information you provide!
Rare sheet. I have a 4-subject sheet and have found a recently sold 16-subject sheet on eBay. http://www.ebay.com/itm/Uncut-Sheet-of-16-2-Bills-Star-Notes-Series1976-J-Kansas-City-Federal-Reserve-/231275894283?pt=LH_DefaultDomain_0&hash=item35d91e160b&nma=true&si=n2SiqMAI6W1d4esIveP6Wx214mY%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557 This sheet sold for a little over $1,500, which is a fairly good deal. Grading isn't necessary and I'd imagine you would get more for the sheet from auction or a private sale opposed to selling it to a dealer. I paid north of $400 for my 4-subject sheet.
Ebay link: http://www.ebay.com/sch/i.html?_fro...J+series+half+sheet+of+star+notes&_sacat=3412 possible price points ???
Thanks for the input guys. This is why I was asking. Have seen prices just like this. Also have seen individual bills sell for 300 each. Keep the info coming I appreciate it.
Hold your horses fellas. Are you guys telling me that these $2 bills are actually worth more than $2 now?
Just click on the "sold listings" and all the sold archives will show up.....like here; http://www.ebay.com/sch/Paper-Money...6+$2+star+sheet&LH_Complete=1&LH_Sold=1&rt=nc
Wow. Just wow. That is a binary radar star note, still in an uncut sheet. Usually the really good fancy serials have been cut out of the sheets by now.... Whatever the J..* sheets are selling for, this one should sell for a nice multiple of that.
I think you could make out with $2,000 on a good day, after auction fees. This is a sheet that you need to get in front of an audience with deep pockets, in order to get your maximum return. A Heritage, Stacks or Lyn Knight event should do just that. The only problem is those auctions require a $5,000 minimum entry, and you might only get 80% of the hammer price (before buyer's premium). You could try putting it up on eBay and take offers on a Buy-It-Now listing, until you are ready for a major auction. Who knows, maybe someone is browsing. You might want to also consider putting it up on the Buy-Sell-Trade page of the PCGS forums: http://forums.collectors.com/categories.cfm?catid=24 - where you can sell it without any fees (except perhaps PayPal at 3%). I don't think you'll get a "multiple" of what regular sheets are selling for, but you might squeak out a premium. Care to share how you came upon this beast of a sheet?
Thanks funkee and all others that responded for all of the info and suggestions. I have had it for several years. It was given to me by a family member who thought it was a unique thing to buy. The it may be worth something someday kinda thing. I feel bad since I am not this kind of collector. It needs to go to someone who appreciates it. It has just sat in a safe since it was given to me.
There are a lot... and I mean a lot of junk sheets out there, even among 1976 $2 stars. A Boston (A*) or Cleveland (D*) 16-note sheet is only worth $150 on a good day. Kansas City is very rare, however. Either your family member had a keen eye and knew this district was special... or got extremely lucky.
That's north of $100/note if my arithmetic is right. I see my Atlanta stars are just north of $10/note on eBay right now.
Funkee is correct on this. The two most abundant $2 star sheets sold publicly were Boston and Cleveland. Both districts released between 3,000 to 5,000 sheet from the first run of 20,000 and both released (sold Publicly) all 20,000 sheets of Run#2. The scarcest is Kansas City with 2,000 sheets sold all in the Serial Number Range of J 000 13001 * - J 006 35000 * Next would be New York with 2,500 sheets sold all in the Serial Number Range of B 012 97501 * - B 019 20000 * With just 2,000 sheets (4,000 1/2 sheets) sold, there aren't many 16-note 1/2 sheet survivors intact after 35+ years. I suggest sending it to one of the Third party grading services to start. At least the sheet will be flat and preserved in plastic and properly idenrified for a small fee. That way you can decide what to do with it before any extra handling takes place.
ITS117, Thanks for the added information and any time spent on that research. I will look into getting it graded.
I have an NY 4 note sheet. These don't seem to bring that much at auction. Chicago seems to fetch more. From what I recall, no NY sheets were ever issued to collectors in sheets of more than 4. A 16 note NY sheet should be very valuable.
Funkee, are correct in regard to the the issuance of NY sheets in 4-note quantities only. I am only aware of two 16-note New York sheets of which the owner of both will have to remain anonymous. With only 2,000 sheets (J-*) and 2,500 sheets (B-*); the Chicago stars had a release total of 6,000 sheets (2,000 Run #1 & 4,000 Run #2). Serial Number Range of G 000 04001 * - G 006 26000 * Run #1 2,000 Sheets Serial Number Range of G 006 80001 * - G 012 72000 * Run #2 4,000 Sheets 16-Note sheets were available for both runs/sales of Chicago. How many collectors actually would suspect that N.Y sheets (even 4-note) had only 25% more sold than K.C. as opposed to Chicago with 200% more than K.C. In addition, the 1st Chicago run of 2,000 sheets (Run#1 not #2) also is the lowest serial number range released. Sheets #4001 - 6,000 are below the other three districts releasing Run#1 sheets. The are K.C. ( sheet 13,001- - 14,0000) , Boston ( sheet 12,000 and higher), and Cleveland ( sheet 5,000 - sheet 8,000 or 9,000). Are you getting more for Run #1 sheets from Chicago or possibly Buyer ignorance. My advice is to continue selling Chicago sheets at auction. Just give some serious thought about buying the New York sheets that don't bring much. Invest in your Future.
I wasn't implying that owning an NY sheet is illegal or frowned upon. Just that the 16 note sheets were cut before being sold to collectors. That being said, whole sheets were distributed to important political figures and individuals who took part in the creation and manufacturing of these sheets. Can you share how the owner of these sheets came upon them? On the other hand, owning an E* or I* might draw some unwanted attention.