Hello everyone, Today I want to share a note that belongs to my stepson. Series of 1934 $20.00 HAWAII He purchased it from a seller on eBay who listed it raw with his grade of 60 Choice Uncirculated. My stepson paid $566.00 for it. I recommended that he send it to PMG to see if it would grade higher. I felt that it would be a higher grade and that the premium would be higher. Well, after many weeks of waiting we were both surprised that it came back as 35 Choice Very Fine. We were hoping for a grade of 70 I know it hard for anyone to grade it since we can only provide pictures but we were a little bummed out that it graded lower. But the value in our US Paper Currency Book states that in Fine Condition it's valued at $700.00 We are thinking that Choice Very Fine it could be worth more. It that's the case then that would be great because he paid $566.00 for the note $73.00 to PMG for grading and $25.00 for shipping and insurance Thoughts and opinions needed. Thanks. Maybe @SteveInTampa
That’s a nice looking note Paddy! Choice Very Fine is for the grade of the paper not the overall note. I believe what held it back was the smallest of a slight bend in the top right corner of the note. It shows in the photo when looking at the front. I can’t tell from a photo but on the back the tree on the left just above the crossbar on the H from HAWAII may have 2 small letters that were written onto the note. I hope that’s not the case but this note is a great example of why condition is everything when it comes to paper money.
My reference is out of date but list this $ 20. HAWAII note at $200. In vf. Compared the grade as well the two notes....conditions Definitely see the $20 shows wear and handling. As well folds.
A quick search for the op 1934 $20 Hawaiian mule note on par Was $429.00 or best offer. https://www.ebay.com/itm/3648374412...HyKlnEdlEy79L+ZPw==|tkp:Bk9SR6yu36XAZA&edge=0 But I would advise the step son to do comps before purchasing. As well buy graded currency as paper for the untrained eye...can be a very bad buy. Raw...
@paddyman98 Have your son look at TECC www.executivecoin.com I highly recommend this company for both quality as well quanity of US notes and currency. Their inventory is updated and fresh, pricing is very fair,and customer service A1! I'm sure @Tall Paul will agree....
I believe you paid WAY too much for the note. These are consistently sub-$200 notes in this condition.
Yes my source was the same guide... I kinda wanted to be conservative as the reference is out of print.
70 is the highest grade. While it may be undergraded at 35, and the note seems pretty crisp, there must be a reason why they graded it 35. I assume they didn't tell you. (Staining, creases, etc.) People will iron out creases which I assume the graders can detect. People bleach notes, etc. Just looking at it, IDK why it's not around 45-50. But I don't have it in hand and under a loupe/ microscope. For the seller to list at as 60 (ungraded) is over valuing it.
