i need a book and a crown jewel. please help

A problem note can be more than just a piece missing, it can also be a washed and pressed note, if you are simply looking for eye appeal without worrying about selling further down the line you might want to try a laundry note.
One of the local shops had a pretty nice black eagle for 18 dollars, it was a problem note, probably a 25 but back in the day someone had written on it with ink, "The start of a bankroll"

I have a friend at work who likes things like that cheap, so I picked it up for him, told him I paid 18 for it, he gave me 20.

They also had an Atlanta Battleship 2 dollar note, that was complete but had been heavily circulated, they had a price on it of 80 dollars, I passed on that one because my friend is not comfortable paying that much for things, I did not want it mainly because I am not collecting them and if I were I like them a little nicer than that one looked.

 

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I definitely welcome and appreciate ALL opinions. I have an open mind. I see what everyone is saying. I guess I may be a little TOO anxious to have one. I guess if you are going to do it...do it right. maybe I should start with something a little more modern. is the 1923 $1 George the same size and classified as a "large note"? maybe that would be a little more easily obtained for my price range and still get a higher grade?

 

thanks! that was educational. S for silk and R for regular. am I to assume the silk failed? or did they continue?

 

you never know what troubles/hardships you may meet down the road. and if in that bad of bind I guess it only makes sense to have something that someone else would potentially want to get at least close to what you paid rather than wait for that one person that is not that picky.

 

I was watching I think the history channel or H2. the show 10 things you didn't know. one episode was about American currency. he shredded a bill and sent it to them and they sent him another to replace it. in that instance would they send you a star note? or the FV with another bill? and if the did replace the bill with a duplicate would they send you the same year and type of bill. for example replace this 5 with a new crisp red seal? I know it's probably a dumb question to someone who knows these things, but I am just spreading my wings. thanks

 

This has been greatly educational. I too have caught the paper money bug. I actually have an 1899 Black Eagle I got in a lot that I purchased last year. I have other notes as well, but the Black Eagle is what got me...coolest thing to look at. I'm not good with grades yet on currency, but its not as nice as the one your looking at on Ebay. Mine would probably be considered a problem note. It was folded up into a small square and had been kept with a ton of coins (the coins are why I purchased the lot). If I get a chance tomorrow I'll get a picture out here. Thanks all who posed and thanks to @bryantallard for asking the questions.

 

I suspect I would receive a current issue $5 note. Of course in this day of electronic transfers, etc. they would probably want to send a $5 electronic deposit

 

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thanks phankins. people say I over analyze things and I always have ALOT of questions but I try to limit to those that are of more importance. the eagle is a very nice looking note IMO. that is why I want one. I think it's cool looking

 

well that just down right stinks :-( I want to send in my beat up silver certificates and crisp ones. why can't it work that way...

 

ok folks. I won't drag this thread out to much more. but I have EXCITING NEWS. I won $50 on a scratch ticket earlier. what does that have to do with this thread you ask? I will tell you! the black eagle I linked earlier in the thread that is on ebay and looking good, well I took my $150 limit, applied said new fortune of $50, and yup you guessed it. I threw the WHOLE $200 on that eagle. mycurrencycollection website says unc that eagle is valued at $150. I know that if someone wants it bad enough they will go over the suggested value price as I did. hope it's mine. update at 1 pm tomorrow when the listing ends

 

If the note is uncirculated, you currently do not have the horsepower to buy it.
Fr.233 uncirculated notes typically sell for $350-$500 depending on the TPG holder they reside in, and if they have a *PQ notation. Some go for even more. I did a quick check on the HA site for Fr.233 in CH-CU and these are the results.
http://currency.ha.com/c/search-res...0+231+1208&Ntt=fr.233&ic4=RemoveFilter-071515

Who knows what the note really grades.....but if it's UNC, it should sell for more.

 

when you say TPG holder are you referring to something similar to an NGC/PCGS holder? if so, the bill appears to be loose. what is a PQ notation?

 

Based on your series of posts in this thread the best advice I have for you is get the Friedburg book first. Then read it. Don't just look up notes because you like the pictures. Read it cover to cover. Including the introductory material.

Then go read the websites of the major grading companies so you learn their terminology and standards.

At the same time look through the completed ebay sales to see what is selling and what is not including grade, tpg service, price, etc. Also pay attention to how many notes that you are looking for are available. There will never be a shortage of black eagles, 1923s, etc. so you don't have to buy the first one that comes along. Or even the second, third or forty-fifth.

When you have done all that you might be ready to sink some money into a note.

 

Waited a LONG (over 30 years) to find this beauty, lettow is correct--LEARN. In this as any other hobby KNOWLEDGE will save your $$$ and often net a true bargain.

 

thanks. as soon as someone else mentioned the book I ordered an older edition...9th I think? it should have in it what I need. I think it said 1861-present, and obviously I know that "present" means the time of the books publication. whether it be 2010 or 2000. I think it will still serve the purpose. thanks again for the advice. always appreciated

 

Well, nothing wrong with the 9th edition as it will serve you well as a NOTE reference but of course the prices have increased, Lots! Not sure when the 21st edition is due but would put it on my "have to have" list for my library.

 

that's exactly what I need. I notice some notes with the same date/series sell for different prices but have different names. so I assume that some signatures may be more rare due to less of them being made or not to many still exist. I look forward to getting my book.

 

As promised, here is my black eagle. Yep, I'm sure its a problem note, but I think its probably one of the coolest tings I've found so far.



Also last year my Uncle mailed this to me. He found out I was in to Coin collecting and said my grandfather owned this. My Uncle said he wanted me to have it. I think its pretty cool as well.

Image wise they look similar in size but the fractional currency is about half the size of the black eagle, as I'm sure most you paper currency buffs already know.

A 50 Cent fractional currency note.

 

Well, bryantallard, I see the black eagle you bid on sold for above your max bid; that's okay, give yourself time. http://www.ebay.com/itm/381390909534?_trksid=p2055119.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT&rmvSB=true
Read and really browse the auctions and see what's out there; in addition add more to your "bid bucket" as much as you can. Time is on your side!