So I had a question about the note I just bought. I was wondering about population reports. The book that I have states that there are 21 known to exist, but only breaks them up between small and large notes. They do not break them up into Type 1 and Type 2. The dealer that I bought it from stated that there were only 3 known to exist, and I imagine he was talking about Type 2 notes. I'm curious about the grade you would give to this note, with the fold and the ink stain. Also, where would I go to get a pop report that would show the difference between Type 1 and Type 2?
You could sign up for the track&price currency program (free for a month) It will give you a census for the notes along with sale prices.
Here you go: Let me know if you have any trouble reading the table. Edit: I also checked and your note's serial number does not show up in the census of known notes. Keep in mind "known" is a pretty ambiguous term. Many raw and recently graded notes are not considered known.
Thanks for the help. Funkee, if I'm reading it right it shows 2 1929 type 2 notes that are known. I can imagine there are more, like you said. How would I get mine registered as a "known" note?
If you bought it from a major auction it will likely end up listed as they update their info. There are also dealers who will send in info regarding any bills they hold. Other sales probably won't ever show up. You could probably send them an email with a link to this thread (or the pictures) and it would be added.
The Gengerke census is probably the main source of data for all of the notes. I'm not sure if Track & Price licenses the Gengerke census to provide the tool, but I have a feeling it does. It wouldn't make sense to duplicate the efforts. Notes from major auctions will often make it into a census. Even some auctions from eBay make it as well. If I were you, I'd rather keep this note unknown. As more notes become known to the market, the value goes down. Consider Fr. 237, 1923 $1 Silver Certificate. The Speelman/White signature combination, of which 14,720 notes are known, will bring around $150 on the market in Unc-63 condition, based on the auction records I see. Then we have Fr. 238, same note but with Woods/White combination, of which 5,583 notes are known, seems to bring around $170 for the same Unc-63 condition. Meanwhile Fr. 239, same note but Woods/Tate combination, with only 428 known, brings between $600 and $1000 in Unc-63. With that in mind, I wonder if it would be profitable to buy all known notes of a series, and destroy all but one. Will the value of that one note exceed the cost of purchasing all the others? Perhaps!
That's actually a good idea, to keep this note as unknown. Although I mean there are only two that are known other than my note, so I wouldn't think it would drive the price down. I see your point though. And I wish I had the kind of money to buy and entire series and destroy all but one. But depending on the series it might be worth it to give it a shot!! :thumb:
