I am looking at a very nice $1000 FRN. Its 1934 Extra Fine Mule. The problem is the price seems to be almost too low. The only problem I see is it has a preety huge teller stamp right across the face. Is this why it is being offered so cheaply ? How badly does a teller stamp hurt the value ? I know that writing on the bill would hurt the value, but I would have thought a teller stamp wouldnt really affect it at all. Now I am thinking maybe it does. Is this a big concern ? Thanks in advance.
I would assume that the stamp would prevent the note from being graded by a third party. It's vandalism, essentially.
Wow. I guess thats why the price is so low. I never would expect a bank teller stamp to even matter. Guess I dont know about about currency collecting.
It does matter because it detracts from the note - the bigger the stamp the lower the premium the note is going to have.
It technically "kills" the value. Picture a harshly cleaned coin compared to an original one. It's the same value difference.
The black bar in the lower right hand cornet seems to be greatly faded on the picture where the stamp has been removed, so I say it was washed but not without consequence. No way I would have the guts to pay $1800 for a bill then try and wash it.
I have to admit I like it less with the red teller stamp than if it was black - black is more normal for a teller stamp and the red is really distracting. The only thing in it's favour is that it is on the St. Louis FRB, it is a better bank.
