Paper Money: New Acquisitions

This is not "new" by the normal meaning of the word, but this is the first time I am able to post a quality picture of the note.

A few months back, almost a year maybe I happened by one of my pick-up banks and one of the bankers was clearing out his stuff because he was moving to a new branch. He knew I looked for anything old or unusual. Normally I am seeking coins, as that is what I focus on...however when he offered up some Silver Certificates for face value I could not turn them down. Me being a Washington nut and all.

Here are the pics. I am not really a paper money guy, so I do not know what to look for or how to grade. I know that it is a star note, which makes it a little bit rare-ish. It does have a center fold and some corner folds. However, I must say I have seen NEWER FRNs in WORSE condition than this guy. Lemme know what you think, and if you any pointers on what to look for!







Oh, and the binder paper you see behind the SC...that is my inventory list. Haha. I just keep a running tally on how many of each type I have. I check it every so often to make sure all is present and accounted for. Call me paranoid I guess but I love my collection!

 

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Went to my favorites eatery and yes once again given 3 James Buchanan $1 coins, 1 sacagewa and 1 $2 dollar bill. Excited? sure! its friday and always like getting change, but this one was especially a treat

 

I hate to be the bearer of bad news, but that $2 (in my book) is a spender. 1976 $2's are extremely common, even in circulation. Maybe it's just me, but 1976 $2's even seem to be more common in $2 straps that 1995's. One time I found 3 consecutive 1976 $2's in a strap, and one was a minor error even. I see plenty of 1976 $2's in much better condition than that one in the picture.

 

Correction - The watermark is the Constitution on a Pedestal.

 

I received these two notes from Denly's of Boston yesterday:




The Series 1934 B Federal Reserve Note is PCGS Very Choice New 64.

 

I agree, it was just strange that she gave me back these as change. not your typical change. most are hoarded or simply deposited

 

1929 Low Serial Number

I'm more of a coin collector, but I do enjoy a nice paper note. So I ran across this yesterday at a local coin show right as it was about to close so I picked it up. I liked it, being that I used to live in Newark and my Grandfather is from Newark, NJ. And it has a low serial number which I thought was pretty neat! So how'd I do? :thumb:

 

I chatted up some bank tellers that were into collecting coins and didn't know much about paper money. I came in to make a withdrawal to buy a $10 gold cert, and then returned to show them my most recent acquisition:

A $1907 $10 Gold Cert in EF40 (my grade):



See http://i656.photobucket.com/albums/uu286/twidgetfitch/Money/9aa597c4.jpg for high res shot.

I paid $525 for this bad boy, and I grade it an EF40 because the colors a bit faded. Did I get taken? In retrospect I thought $525 was high for a 1907 Teehee/Burke, but I did buy it in a dealer store and got the price down from $645.

But the most amazing part was that another collector came in to the bank before I did to make a withdrawal and he asked if they had and unique old bills. They gave him a 1928 legal tender note in "good" condition (their words). I assumed that would be a VF+ to EF grade. This is the bill the lucky fella got... for $1!!!



I didn't believe them, and whipped out my guide book. I made sure it wasn't a Hawaii note, or a large size 1923. They pointed it out as the bill that they gave the gentleman. I let them know it's worth and they were shocked. I felt like crap that I didn't come in earlier.

 

Latest pickup...2006 $20 Chicago Star printed in October 2008 on the BEP's new Super Orlof Intaglio (SOI) presses. The $20 notes printed on the SOI presses can be distinguished by their oversized face plate numbers located in the upper right hand corner.



It is crisp uncirculated, but the upper margin keeps me from calling it GEM.

 

Very nice notes!

 

Nice $20 Steve and thanks for explaining how to tell the SOI notes from the regular press notes.

 

Numbers has a nice page about the $20 SOI notes: http://www.uspapermoney.info/general/soi.html

 

Thanks for the link Clay. Numbers always seems to have great production tables for what I need to know.

 

Arrived today. Purchased from a friend at a different forum. Note is very crisp with semi-decent centering. I would grade it a VF+ or XF-. You could pick these up for under $100 about 2 or 3 years ago, but are getting harder and harder to find for a decent price in mid-grades.

 

Nice notes!

Anyone doing submissions, do yourself a favor and don't go economy. At this point the turn around time for PMG is: 72 business days!!! I assume PCGS is similar. "What, you're not patient"?

 

I've heard it's even worse than this. Some are waiting for their Sept., Oct. and Nov. Specials from PCGS and this quote ;

"Looks like PMG is in essentially the same boat. They are showing the "current turnaround" for bulk submissions as 124 working days (basically 6 months)... "

 

Oh my! If all the charges don't wear down the average collector/dealer then the wait times will or ornery customers...

The only worse hobby wait time I have heard of is on custom made high-end refractor telescopes.

 

Some Irish notes , I`m sure many of you have never seen one before.
The 10 Shilling note is the first one I`ve ever owned!

 

That's insane. Not only (IMO) are there prices outrageous. But now they're turn around times are a half a year?! Bad business ethics taking advantage of a crowd they know is more wealthier and patient.

 

I take it y'all won't resort to CGA or CGC, even though their turn-around time is probably much quicker.

I'm sure PCGS and PMG have just one dude reviewing every note that comes in. That's why it takes this long.