Hi all, While visiting my mom recently I came across this pristine CSA note. I'd already gathered and sold the rest of the old family currency but this was stored separately. I'm certainly no expert on grading currency, but this note is on utterly crisp paper and has no creases, folds or other signs of wear or cosmetic issues (as far as I can tell). The images are hasty cell phone pictures with poor lighting. I understand that it is not a high-dollar item, but from what I see there can be a significant jump in price for high grade notes on premium paper. Unless I'm missing something, this note should grade Gem unless the faded ink is an issue. The red ink is not as faded as the images suggest but it is faded. My questions: With the goal of maximizing the sales price and therefore spendable money for my mom, can you recommend the best route for selling? Should I send it to Heritage? Consign it elsewhere? Have it graded (by which company?) and then sell privately and if so, which venue? Sell privately without grading? In the holder with the bill was this note from my grandmother, indicating that it once belonged to my great great grandfather. Given his age, he probably acquired it when the currency was still in use.
Hi: Why don't you just keep it and fulfill the wishes of the original owner. Save it and save the note. CW
BCC: I understand where you're coming from with that advice. However, there are no more heirs in the family. Neither my brother nor I had children. We are the end of the line so it's time to start thinking about what to do with all this stuff. We have too many family heirlooms as it is, many with far greater sentimental value. We might as well sell this note now and let her enjoy a little money (yes, I realize it is not high dollar but even a little bit of cash would be welcome). Few of the family heirlooms/collectibles have much value individually, but together and if sold carefully, they could add up to a fair amount and I'd like for my mom to have some extra money now. Organizing and selling items is too much for her to handle so I'm going to make dispositions on a few items for her.
I really hope the paper enthusiasts chime in. My understanding is PCGS & PMG are the big two with paper (PCGS/NGC's paper divisions).
As you've probably seen, it looks like the T-65 takes a big jump between 64 and 65, particularly with the PPQ moniker. Since it seems that people are more willing to shell out for certified examples of these, I would send it in and take a chance.
Why not give the BST forum (and/or corresponding forums at other major coin and currency sites) a try before you spend money getting it certified?
I may do that but first I need to know what it is worth... what is a reasonable asking price? Not being a currency collector, it's a difficult question.
Sure. I see in your pictures the note is not uncirulated. That center fold alone disqualifies it from that. So knowing that you look at it as what does it cost to get it graded vs how much more (if any) I can get for the note if it is graded compared to it not being graded. In that regard the cost to grade it will give you a negligible gain its value that is less than the cost to grade it.
The fold you think you see must be an artifact of my poor photograph, although I don't see it in the images. There are no folds, no creases, no pinholes. I have examined the note in-hand.
That addendum note is just priceless. Worthless and thrown away! WOW! Imagine if you did have a trunk-load! These notes fetch about $300 or more depending on the variety and condition. Definitely want to get that certified as it will be worth it. Looking at Fricke, this is a PF-3, CR-494 note and is marked as Rarity-1, meaning common. It is a Series II, Plate B specimen. I think the story and the note, together adds more value than the note itself... Here is an ungraded PF-3, T-65 on Heritage to give you some idea in price: http://currency.ha.com/itm/confederate-notes/t65-100-1864-pf-3-cr-494/a/141511-83085.s It sold for $117 with BP...
