NEED HELP! Whats it WORTH? Inversed Currency

There is a possiblity that he is unaware of the scarcity of an inversed fractional note. As for the other notes, I believe it is a simple case of buy low, sell high. The value of the notes in a guide book are simply that, a guide to their value. People will either buy around that RETAIL price, or slightly higher or slightly lower. When it comes to a dealer, they always look at the price and underbid. The percentage they underbid is generally 20-40% less so that they can sell for retail and use the extra money for overhead costs.

Your best bet is to consign with an auction house such as Heritage. You can submit the notes through them for their grading (they use PCGS or PMG) and then sell through them. You'll get the maximum price realization if you do that. Here is their number for appraisals: 800-872-6467 ext 1631

 

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Whats the auction fee. I know most auction houses is 25-40%

 

I've never consigned with them, so I'm not sure. My best advice is to call them and ask.

 

Hey guys, sorry to bump an almost year old thread but... I GOT THE NOTE GRADED! Everything went smoothly and got the grade that I originally thought in the way beginning. It's kind of funny how when I read the previous conversations how uncomplying I was but being here for over 1,000 posts, I now know how to ask the great people of CT here a question with out bickering at eachother. Well, sorry to keep you waiting! Here it is! Also, how do I check the population report thru PMG?

 

Way to go, vdb! I remember this thread, and the video.

 

Wow, nice grade and you were spot on with your guess. That is a nice note!

 

The pop report you are looking for is here: http://www.pmgnotes.com/poplookup/Category.aspx?CategoryID=14&Page=1


Grade Population

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30 EPQ

35

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45

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53

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58

58 EPQ

60

60 EPQ

61

61 EPQ

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64

64 EPQ

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68 EPQ

69 EPQ

70 EPQ
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8

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9

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4

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21

11

17

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7

1

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12

28

19

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10

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I still think you should return it to the original owner.

 

Original owner?

 

As explained in the video, it was found in a book at a garage sale. The notes were found after the purchase and garage saling hundreds maybe thousands of places over the years, I don't keep mental tabs on where it was specifically from. Thanks for the comments guys and Rick, I did find that but I meant for the inverted part. From research, there are about half a dozen known and so far from four ones I have seen, mine grades the highest which is cool too!

 

I would like to point out that not every question always gets a response. Sometimes the knowledge base you seek isn;t available at the time or it simply isn't there. I do know that I have asked questions about rare collectible varieties from time to time and no response has been made. Maybe this is something that is going to take a lot more work and research on your part ? Sometimes accurate information isn't easily obtained and somethimes information is just wrong.

As an example, Figenbaum's authorative publication on Washington Quarters states that in 1964, both the Philadelphia and Denver mints issued Type B quarters. The web site dedicated to Type B & C Washington quarters states that only the Philadelphia mint issued type B's from 1956 through 64. Who's correct ?

So you've got to take population reports from someplace like ANACS who assigns attributes to the varieties when grading them. Obviously, since no population of Denver issue exists, I am taking a chance and assuming Figenbaum is incorrect.

Now, I am fully aware that this does nothing at all to address your query. But I didn;t have anything better to do at the moment and thought I might weigh in with my experience of having unanswered posts also. I didn;t want you to think we were ignoring you. But I don;t have any input about the bill at all. Sorry.

 

Thanks for the info. Being here for almost a year shows me how it works around here. Most people just see that there are like what 100,000 members and expect a response asap but it doesnt always work that way.

 

I understand, but you put yourself out there and now you have a web trail that traces back to you.

 

Ok....

 

Who cares...garage sale items are sold as is. If he had placed the note in their and then bought the book it's a different matter. But, if he bought the book and found the note in it...the note belongs to him. It's a lucky find. There is nothing moral or immoral about it...and he owes nothing to anyone.

Congrats on the grade!!!

 

He's probably dead by now. How would you even track that down?

 

Yeah... returning the note to the "original" owner is a silly idea and the OP is under no legal or moral obligation to do so. When you buy something at a garage sale or flea market, all sales are final.... you own whatever you bought (including any "unseen" extras). If returning valuables to an original owner were adhered to, TV shows like "Storage Wars" would not be on the air. It's the seller's responsibility to know what they're selling.

 

Totally agree. No different than the "Storage Wars" or "Antique Hunters" shows. Finder keepers when it comes to garage/yard/contents sales. More than once I've found hidden treasures in books and in furniture. Besides it being impossible to locate the original owners, they may not have even known these extra items were in them.