recently I was watching a online auction site and saw this $10 Bill. I really liked the look of it and it was advertised as a PMG66 EPQ. I placed a bid on it at $325 and it was never challenged by any other bidder. So I won the bill with my bid. my questions is did I get a bummer bill that no one wants? is this a good bank to get for this bill? I am so worried I bought something I can't sell again, please let me know your impressions and if I screwed up royally. this picture is from the auction site. BTM
Is this a Lime Green seal note? I see you wrote is was advertised as a 66 - was it actually graded 66 by a TPG or just "fluff" in an auction program? To me the pic seems like a crispy 10$ STAR note - Maybe the serial number helps it out - But IF nobody else bid close to your 325 I'de say too much!! Hope you like it cause ya might be keeping it as not to lose money selling!!
You mentioned you really liked the look of it, and it's less than recent Heritage auction sales withing the last year ($493, $564), so I'd say you did good. Numismatics in general have an ebb and flow in regards to prices. I believe right now it is a buyers market and a good time to be a collector if you have disposable funds. I do not look at collecting as an investment, although at times it is a great by-product of your choices. My grandfather used to say "Don't worry about the horse going blind, get the wagon loaded."
No it is not a lime green seal. this series did not use lime green seals according to my book. it is graded PMG66EPQ, I just cropped the picture.
thank you steveintampa. that makes me feel a little more at ease. I like what your grandpa said. I am just trying not to make mistakes. so why was I the only one to bid on this? if others sold for much more was I in the right place at the right time.
I'd be happy to get it at the price you did . Better to have a less bidders as some might have missed it than to have even one extra person who really wants it and drives the price up . I think you did good .
BTM, there's nothing wrong with that note or your bid! You did well even when one adds "the juice". You will like it I'm sure.
I don't know what these go for but the note is beautiful. Wonderful centering too. It's an old star note in very high grade so I imagine you can't be too bad, if not ahead.
I looked at census reports. According to PMG there are 6 1934C $10 B..* notes (FR 2008-BW*) in 66EPQ. There are none finer in the population reports.
^^ This. Not an expert on these but that right there is probably a major factor. If that info wouldve been included in the auction I bet it would've motivated some bidders. Probably lucky that wasn't in the description. Just wanted to add that in collectables, be it anything there can be broad ranging opinions of value on some things. Probably stating the obvious here. There isn't always a consensus and often times far from it. I was recently studying up on a particular rifle from the 80s that's considered a collectible to one group and an out dated, undesirable piece compared to modern day versions to others. One guy says he wouldnt give $600 for one while other people are buying them at $1500 to $2k every day. And there was every opinion in between. Basically if you have time to sell anything, the value will be set by those who really want it. If you're in a rush to sell, you let the naysayers set the market. Not that I think you want to sell it. Just saying value can be very subjective from person to person. Even among collectors within the group considered. It looks very nice. Probably no bids more so from a lack of expendable income out there more than that it wasn't worth it. If it was worth it for you to pull the trigger on it at that price then you played a roll in setting the market without any outside influence. Nothing wrong with that. Especially being a rarity in that grade.
