1953 red seal $2 note

Discussion in 'Paper Money' started by ShoeK, May 8, 2008.

  1. ShoeK

    ShoeK New Member

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  3. Niel

    Niel Mostly Sane

    Wish I could see the note :( but need to be registered at Myspace to view.
    Can you post a thumbnail of it here?
     
  4. USS656

    USS656 Here to Learn Supporter

    Make matters worse - I have an account but the photos are marked private and cannot be opened???
     
  5. ShoeK

    ShoeK New Member

    Sorry all here are some good pictures that everyone should be able to open:)

    Front:

    1953 red seal $2 bill(front) 001.jpg


    Back:

    1953 red seal $2 note(back) 001.jpg
     
  6. wrucmike

    wrucmike Who's the Man?

  7. Daggarjon

    Daggarjon Supporter**

    that is a nice note!!! real nice... but, you didnt actually tell us what you paid :) so how can we not believe you :D
     
  8. ShoeK

    ShoeK New Member

    paid $12 for it at the local coin shop. If i'm not mistaken isn't it worth about $100-$125?
     
  9. RickieB

    RickieB Expert Plunger Sniper

    Hummm if thats the case...your dealer is not so smart!!
    Give me his contact info I need a few more things as well...

    RickieB
     
  10. USS656

    USS656 Here to Learn Supporter

    I agree with RickieB - Lets give this guy some more business! :)

    Nice note - thanks for the picture!

    Darryl
     
  11. Niel

    Niel Mostly Sane

    CDN Greensheet Bid for a 53C $2 in CU is $9. Hate to be a buzz kill......But if someone wants to give you $100 for it, then I think you should graciously accept to part with this precious note.
    I of course will happily accept the customary 15% brokers gratuity. :D

    And not to be a further buzzkill, but isn't that the hint of a center fold on the reverse? Or it could just be a trick of the scanner. :D
     
  12. gatzdon

    gatzdon Numismatist

    You beat me to it. I was just about to post asking about the centerfold. It may fade away with time and pressure, but for now, I'm guessing this is AU-UNC condition.
     
  13. ShoeK

    ShoeK New Member

    no fold on it. Thanks for the info though. I guess i though it was a better deal then it was.
     
  14. RickieB

    RickieB Expert Plunger Sniper

    You know guy's...it does look as if the person who had this note at one time began a flip over and started a to to bottom zip, however, someone said to him or her...hey!! don't fold that note!

    I see these alot with a slight start but no finish....I would look closely with a high powered loop or microscope to be sure it is not there...the paper will tell all tales!!


    RickieB
     
  15. gatzdon

    gatzdon Numismatist

    More likely it was one of the outer notes in a stack of notes that were folded over. Fold over a stack of 30 bills. The bills near the outer layer will barely have evidence of the foldover (if any). A loupe may make it more difficult to see the foldover as it's not a crease.

    OP, you bought a very nice note and please don't "regret it". It's one thing to learn from your past, but another to go around wishing you had done it differently. Keep reading these forums and you will find people that make $100+ mistakes.

    Bottom line, you found a note you like, you enjoy, put in your collection and enjoy it. As mentioned, in time, the evidence of the fold may disappear. From the pics, I don't see any creases and that would be a huge difference.


    Hope to see many more notes added to your collection.
     
  16. Niel

    Niel Mostly Sane


    I only wish I had made a $100+ mistake on a some of the things I've bought. :eek:

    O.P. It is a VERY nice note and you should have no regrets for getting something that appeals to you!

    One of the nice parts of this forum is that there are many knowledgeable folks lurking about who are eager - too eager? ;) - to share lifetimes of acquired knowledge on topics of shared enthusiasm....with no ulterior motives but to learn and share.......Okay, so maybe RickieB wants to acquire every NY Banknote ever printed, but there are exceptions to every sweeping generalization made :)

    ::stepping off soapbox::

    Cheers!
     
  17. RickieB

    RickieB Expert Plunger Sniper

    O.P. please do not take our statements the wrong way! It is a very nice note. All of us see things one way or another based on our experiences. That is a fine note and you should be proud to have it in your collection. I would be....Dang..if only those were printed in New York!!!


    LOL Niel.....I suppose you could be correct, however, I might not make that goal as some of these dang notes are way out of my league price wise!!.


    RickieB
     
  18. deadmunny

    deadmunny Member

    I need to read up on "red seals" because I don't know what they mean, but am told it enhances vallue.

    If it was NOT a red seal, how much less would it be worth?
     
  19. Niel

    Niel Mostly Sane

    Red Seal is slang for small size United States Notes, also known as Legal Tender Notes. They are a different obligation of the United States that pre-dated the creation of the Federal Reserve System and the Green and black ink Federal Reserve Notes that most non-currency collectors think of as the "Only" US currency. Of course there were other kinds of obligations of the US such as Silver Certificates, Gold Certificates and National Bank Notes and others.

    USN or LT notes were first printed in 1862, as an effort by the Union government to help fund the Civil War. They were printed on an off through the mid 1960s.

    Various notes have used colored ink seals, but unless I'm mistaken the small size LTs were the only ones where all denominations printed for the entire life of the series used red ink for the over printing (Serial Numbers and Treasury Seal.) They were printed in denominations of $1, $2, $5 and $100.

    There are a number of great books out there on the history and types of US Paper money. One of the best is called "Paper Money of the United States" By Arthur L Friedberg and Ira S. Friedberg. It catalogs all of the series printed showing examples of each denomination, history of the obligation, etc.
    I've seen this book just about everywhere, so it's readily available.

    As for pricing, some of the small sized red seal $2s are worth in the hundreds or even low thousands because of their condition &/or rarity, especially star replacement notes of the series.

    HTH.

    Niel
     
  20. rotobeast

    rotobeast Old Newbie

  21. LSM

    LSM Collector

    Sweet looking note!

    Lou
     
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