are they trying to snowball me?? advice greatly appreciated

Okay, instead of dancing around

So, Funkee thinks its worth $400-750. If that's the case, let him buy it for $400.

The problem is that there aren't any on eBay (star or not) not even Silver Cert's but in much better condition that are selling on BIN's above $325. So what makes you think this note, probably F12 at best, is worth more?

Better yet, if you believe Funkee, why don't you buy it?

Chris

 

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Amen to that!

Chris

 

1) you are right, I CHOOSE to do this. and I do this to make money. 2) what kind of homework? did I list it wrong? is it not a mismatched sn star note? what homework should I have done? I did what what I could think of. 3) I asked the advice of people here in the OP if I should take an offer based off his assessment. some one PM'ed me and said 800 or BO. funkee said 450+. If I value it at $100...and it's worth $600...should I take the $100 because it is what I valued it at and lose out on another $100 or so? unless you can direct me to a site or book that has an actual value, then all those prices are just opinions. 4) I would contact them as a courtesy. if I took it for $100...but someone who needed it for a set would pay $200. why should the other guy(s) miss out on owning it for THEIR collection.

bottom line is I am hearing it is extremely rare and the feeling in the air is that it is worth more than $75 I was considering selling it for. a regular mismatched sn on ebay has bids between 225-325 WITHOUT the star. granted they are in better condition...but I think the star will make the difference here

 

We do NOT know that Funkee hasnt made a fair offer on it, do you somehow magically have that answer? I mean he replied like 4 hours ago, maybe he is off calculating whether or not this is an example he would like to own. At any rate, that is an unknown factor.

To the second part of your question, I do not collect paper money, which is why I said in my first direct response to you that my opinion on the note itself is of little importance, however my methodology for finding a fair price is sound.

Here since you think we are all so greedy, I will pay you one half of whatever the current book value of your entire collection is worth. Deal? If you say no, you are a greedy, because based off of your methods the first buyer to offer you what THEY think something is worth should get to walk away with the goods.

Oh, no deal? I didnt think so.

Ill be waiting for a detailed list of all of your coins and to receive the package no later than 3 days from now. You know since I am the buyer and get to make ALL of the terms benefit me. You will be paying for that expedited, insured, and registered package as well. Just an FYI

 

Time to chill out, people. And no, I haven't made an offer. My collecting interests are directed at large size notes right now. And I wouldn't low-ball an estimate on this forum just to take advantage of someone and buy it under market.

I've been collecting market data for over a year now. I've learned that no estimate is a guarantee. Unexpected bidding wars can drive the price far higher, or a lack of interest (or flood of these notes) can keep prices low.

Mismatched stars are pretty well documented in the market and there is a good amount of auction prices available. You can pull them up in Track & Price. Or just search prior eBay sales, Heritage, Stacks and Lyn Knight auction records.

This 2006 series produced a significant run of close to 10,000 mismatched star notes. There are nearly 3 dozen known to the collecting community.

Just put it up for a no-reserve 10 day auction, and let the market speak for itself. If you prefer to get in front of deep pockets, you'll want to assemble a range of notes to get in the HA Platinum Night auction.

 

That one had me scratching my head also. I agree with the premise that it's usually best to not get too greedy. I just don't see how getting it at face value makes any difference.

 

See Chris, this is what a constructive answer looks like. A knowledgeable currency collector offering his advice on the piece as well as how to learn values for yourself, and exactly where to look. Not only that, but Funkee also gave a brief explanation on this type of error. Which is why I said if it were me, I would follow his advice, considering his has been the most directly helpful answer to the specific subject matter.

I didn't think you were making an offer Funkee, my point was that Chris had no way of knowing whether you were or you weren't and his comment about you buying it for $400 was way outta the park based off the information we all had. He is just being a tad bit confrontational about this whole topic and I for one do not let people push me around or talk down to me in the manner he is coming across. I will speak up, especially for someone trying to figure out how to maximize their profit potential and reap a decent reward from this hobby. I want everyone to maximize their enjoyment of this hobby and the OP had some legitimate questions and concerns (probably some minor auction plugging too, but if so it wasn't overly blatant).

 

I almost got too greedy myself a minute ago, but I didn't and I reaped the reward. I was going back and forth on an eBay coin that was already fairly priced with the BIN. The seller had an OBO box up so I started in with a couple offers to find the floor (he had an auto deny threshold) and figured it was alright since he left the option available.

We went through 2 or 3 rounds of offer/counter offer and on the third one he dropped by only a dollar and I noticed another bidder submitted an offer in between our dealings. Instead of trying to talk him down anymore and miss the coin with the other bidder, I accepted his last counter and I walked away with my little score.

So yes, greed can get you in trouble, but what the OP is doing isn't really all that greedy, he's just trying to realize the best price. Greedy would be if he did like Doug444 said and found the high bid cluster and then still listed it for 25% above that. That's greedy. Attempting to find the true value is not.

 

It figures! When all else fails, make a foolish statement.

I never said that ALL of you were greedy. Since when did you become the spokesman for everyone? But, if it offended you, I must have hit a sore nerve.

By the way, my collection has nothing to do with this. It appears to be your poor attempt to skirt the issue.

Chris

 

I can appreciate your concern, but the star alone does not make up for the condition. We're not talking about a 1790's dollar where allowances are made for condition more often than not. Also, I was not suggesting that you should sell it for $100, but some of the numbers that have been suggested don't seem to be justified by the condition of this note.

What I did suggest is that you contact the person who made the initial offer and tell him how much you would want and hope that he will come back with a counteroffer. There is nothing at all wrong with negotiation, but if you insist on "moon money" you will likely never hear from him.

Your only other recourse (as suggested by another) is to list it at auction and let the chips fall where they may.

Chris

 

This is 1000% wrong. See it's YOUR arrogance getting in the way. Apparently you have never heard of more than one way to skin a cat.

There has already been a more sound, fool proof method to find the value of this specific item and you did not provide that answer, doug444 did.

You can list an item with a reserve set astronomically high in order to see where all of the bidders are congregating and then relist it with the reserve 10% or so below where their bids were hovering at.

So that's another option for the OP. Which of course makes your last statement false, he does have other avenues available to him whether you like it, agree with it, or not.

I'm done arguing with you over whether or not I would purchase this note. It's value to me is exactly $0 since I don't collect them and don't wish to do the work to realize a profit on it. I have other interests. You say I am deflecting but you made the assertion that I should buy if, Funkee should buy it, and that we are all wrong in giving the OP advice unless that advice is to let it roll at an auction. It would seem you are deflecting and hiding something, did you offer the $100 hoping to steal it for yourself? The way you are making assumptions about people can be turned around. You sure are advocating that he NOT maximize his profit potential in this thread, maybe you have a vested interest in seeing it sell cheap. (See we can all make ASS-umptions)

Sorry pal, but unfortunately you are extremely misguided on this one and not really helping the OP.

I only said he should listen to what Funkee has to say, this thread is 100% proof positive on why. He answered the question with the most beneficial information and where to research more on the note and others like them. All you have done is stomp your foot and say he should do it YOUR way, never once offering any substantial information regarding the note but attacking his morals and ethics by accusing him of being greedy by looking for a better price. Your philosophy doesn't even make any sense. This whole industry/hobby is built around sellers wanting to realize the best possible prices. That's called business.

 

Back up your claims! Show us why the star doesn't make up for condition. That's what I am talking about.

You come in here spouting these ideas, but there's no substance behind it. Show me and the OP why the star makes no difference to the overall price of this note. Please. I want to learn from YOUR infinite wisdom. I would also appreciate something to compare it to that is in its realm or class. A 1790s dollar is a far cry from a small sized silver dollar certificate. Apples to trucks is what you are comparing there. At least bring it back to the same ball field we are all playing in.

I am asking nicely. Please show me the errors of my way and why I should listen to your advice over Funkees on the value of this note. I always wish to learn, even on topics that I don't actively collect.

 

Are you serious? How about the kind of homework you came here to ask, but only AFTER listing?

Solution: auction.

 

This thread has become a circus. Stop throwing my name around.

The valuation I provided is my opinion and mine only. I've seen remarkably good deals sit around for days at a time because they get buried in the 70,000+ currency listings on eBay. Just because a note doesnt sell at $299 doesn't mean a thing. Most buyers on eBay are opportunity buyers and few are specifically searching for mismatched stars, the way we are. Just because you found a specific note under priced doesn't mean it won't sell for more at auction. I've seen it numerous times.

The note in question might sell for $100 or even $1000. If the listing ended on a Sunday afternoon, it may close at a higher price than if it ended at 3AM. That doesn't establish the note's value. It is rarely determined by one or two sales. The market is an ever changing place and auction prices are subject to many factors including marketing, timing, demand, supply and exposure. A moving average is a better way todetermine value.

Ultimately this is all speculation. The OP is eager to sell and I don't blame him.

Everyone please shut up about this nonsense and just watch the auction.

 

From having found 3 of these in circulation and selling them for a very large profit my opinion comes from the same experience and research the OP is trying to learn.

I found mine a little over 2 years ago when at that time there was less then 40 known. Fast forward to now and there's less then 80 or so. These notes will always hold their value because of rarity and demand.

I put the value of it around $500 give or take. I'd stay away from ebay trying to sell it. If i wasn't in a hurry to get rid of it i'd summit it in a signature auction for maximum exposure. The value will still be there tomorrow or a year from now and going forward.

I spoke with a lot of dealers and got as much knowledge. After finding a dealer i felt i'd get the greatest potential profit....i send them in and from there on out he priced them out to his clientele and it was payday!

 

80? That's a significant number, but not surprising.

 

the bill is sold

 

ty both for your spot on predictions. maybe could have held out for more, but I didn't want to be....greedy. and as I did ask for opinions on value when I got close to it it was good enough for me. thanks again to EVERYONE that helped me

 

Nice. Congratulations.

 

You got a fair price at $455. I personally would not have held out for more.