After digging through this forum you seem to be a pretty knowledgeable bunch, so riddle me this Batmen (and women). I'm considering purchasing a 2003A star note from a gentleman, CH CU and from the Chicago Fed, however my most reliable source, (A Guide Book to United States Paper Money 2nd Edition) claims that the only star notes from the 2003A series are from NY and San Fran. And neither of those notes are valued at the lofty "$75 book value" this kind sir states it is. I'm usually pretty good at spotting a deal, but this one has me puzzled. So I turn to you, Commodores of Currency.
What denomination?? $1, $2, $5, $10 $20, $50, or $100 If it the $1..they were issued from NY, Phillie, Richmond,Atlanta, Kansas City and Dallas..nothing listed from Chi town in my books. If it is the $5 Note then NY and Chi Town are the only ones... Supply and demand...ifyou want it you might have to pay the price... Your call on that one!! NY notes were known to be printed in sheets..Chitown notes singles..both with 640,000 notes printed... I hope you are not the "Joker"..Holy Banknote Batman!! RickieB
another area of collecting notes is by print run. Say the total notes printed were 3.2 million - not a small amount by any means. But say the first printing was aly 160,000 ... at that point, collectors who collect by print runwould pay massive premiums for thatnote. As RickieB suggested, the denomination would help us greatly also - i have paid over $100 for modern stars in high grades
Yeah just saw that I forgot the denomination. Its a $5 note. What sources are you using that show NY and Chicago? I have NY and San Fran.
what are they charging? here are the 3 i own. there are 2 consecutives that are PCGS 67 PPQ. i think i got them for about $50 a piece. the 9th edition "standard guide to small size us paper money" has them booking at $75 CH CU and as RickieB mentioned there were only 640,000 notes printed. nice semi key note and one i pulled from circulation :thumb:
Is it possible that the book I'm using as reference doesn't have it? The 2nd edition Red Book only shows NY and San Fran as having star notes from Ft. Worth in 2003A. After a quick check of my collection turns out I have two of these said notes, along with %95 of my collection that came from a bank stack. So you mean to tell me I paid 5 bucks a piece for 2 notes worth up to $75 a piece? I'm liking this collection business already.
I will not even attempt to compare my knowledge of the subject to either of the gentlemen who have responded to you already, but will try to help with the correct page from the "standard guide to small size U.S. paper money 1928 to date-6th edition". Hope this helps until you can acquire your own reference material, which is highly suggested
there are several sites i use to see pretty good up to date printing numbers of US notes. www.uspapermoney.info is a great site run by a member on this forum. Its updated pretty much monthly, or whenever the BEP releases data. for accurate,or upto date, pricing - well, that is a different matter. Books will give a general idea, but auction houses, and their internal search features, will give the best idea of the latest prices.
Thank you sir. That's my other investment, my first actually. 1975 Buick LeSabre Custom. But that's another story for another bedtime. Tauferners, thank you for the info. I returned to Amazon and purchased a few more books so I should be armed to the teeth with knowledge. I've only been collecting sine January of this year, and this is the first time I've bought from somewhere other than a bank. So paying anything more than face value to me is alien, and downright weird. But according to a few sources, what I have purchased, I've gotten quite a deal, or paid fair market value. Last count was $405 in face value, and between $675 to $725 in book value, depending on who looks the collection over. Condsidering I've paid about $385 of that $405 in face value, I've been told I've got a great headstart on a very nice collection. If I can double my return on my investment by January next year, I'll be very satisfied. Which is more than I can say for Mick Jagger...
anytime you pay face value for a note that you want, or pay less then market value... you done real good! :thumb: You are off to a great start - and the books you purchased will help you down the road frommaking mistakes alot of us have made - where we might have paid lots more for a note. Never be too hasty when buying - take your time, make sure you know exactly what your buying and how much it is worth - then with that infomation, if you still choose to bid/pay higher, you shouldnt regret it later
Thanks Daggarjon for the info as well. Also, I don't suppose you Guru's of Grading know where I can find a reliable source to grade and value my collection? I've been told $675 to $725. That's a big swing. A little more accurate is preferred. It's a total of 75 notes from $1 to $50, with the oldest from 1963A to current. Nothing too complicated but my schedule and lack of experience counts me out.
Regardless of what Grading Service you choose to use, you will pay a standard fee to have the notes graded as well as a Membership Fee. Some Services offer ANA Memberships or SPMC Memberships for submission rights as a member... Check em out.. PCGS, PMG and CGA.. I would use no others!! RickieB
It's very possible that your book doesn't have it. The BEP tends to print extra runs of old-series stars after switching to each new series (that's how they get the last bits of life out of the old printing plates), and the books are annoyingly spotty about going back and adding these runs to their data on the previous series. In the 2003A $5's, stars were printed for New York (640,000), Chicago (640,000), and Atlanta (4,352,000). The Atlanta printing was a late one, and some books apparently don't list it. That makes star notes for the series overall look much rarer than they are, as the Atlanta printing was more than triple the size of the other printings combined.... Note also that Tauferners inadvertently posted the listing for 2003 $5's rather than 2003A $5's. The Series 2003 version had stars printed for Chicago, San Francisco, and Philadelphia, and the Philly version was another late printing that's not in some books. (A certain dealer has been advertising those 2003 $5 Philly stars in several publications for months now, loudly trumpeting the fact that they're "unlisted in any reference" and therefore obviously extremely rare. Apparently neither the BEP's website nor mine counts as a "reference". Caveat emptor.)
Numbers, thanks for pointing out my mistake I did not even realize it. amfc213, sorry for the bum info.
