As a Military Payment Certificate collector for over 20 years, there are not to many Sources for MPC values many monthly guides just dont have the room with all the Issues out there, but the there is one out there, its called the CDN Green Sheet (For Currency) and the Gray sheet (for coins ) though i never have had the use for The gray one, i use to use the green sheet , but did find a couple issues with it 1. First being the values i don,t think there market analysis is correct when it comes To Mpc 2. There bid ask format is not realistic either, especially if the note has sold a few times Who is going to take less then what they paid, i went to show a couple of years ago shopping a few of my notes asked a dealer there and he asked me if i was selling for Ask price, confused i said what do you mean? the ask price was a little rediculous about half of what i paid 3. On the MPC side of things there scale only goes to 65 Gem ? on all others it goes to Super 67 and i thing that,s not high enough either so how would i know the worth Of lets say for example my Series 681 $10 69PPQ if the value stops at 65PPQ you Cant just cant bump it up so much per grade, that doesnt make much senses either would like your opinions or thoughts
As someone who has also collected MPC for 20 plus years, attended more than ten MPCFESTS, knows Schwan personally as well as many other hardcore MPC collectors, I do not know anyone who uses greensheet for pricing when buying or selling. MPC is a thin market. Most serious collectors with money already have the more common notes in high grade and don't care about a tpg point or two. Your 69ppq is likely to remain in a dealers stock for a long time if the dealer paid you what you have into it. Most of the collectors I know have entirely raw collections and they have had them for years. As these collections get sold at auction over the next 10 years the higher end pop reports are going to increase dramatically. I have said this before and I will say it again: tpg pop reports for mpc are meaningless as the number of raw notes in high grade is high. The prices in the ANA sale show how soft the MPC market really are. Prices have been on the decline since 2006. I don't see that changing anytime soon.
Yeah, my copy is 10 years old..LOL, i just happened to pull it out and remembered Why i stopped using it, especially since the grade stops at Gem 65, in my opinion Not a very high grade, i try to make 67 and above my standard when at all possible As far as my Series 681 $10 in 69PPQ and staying in a dealers stock, i would have To flat out disagree with you on that, i know your not from the TPG camp but i have Turned down several offers of 3K plus which is actually doubled my original investment you need to remember two things, first that this is the highest graded Series 681 $10 at PCGS or PMG and has a population of 1, and is one of the most Popular notes in the entire MPC issues, Just sold a Series 641 $10 in 68PPQ to a collector for $2,400 and there actually one at PMG as well so it all comes down To rarity, but here again we are talking about TPG graded notes only here well its all what you are in to i guess, If you want to collect raw notes more power To you as far as TPG reports be meaning less, well i would have to again disagree with you on that, here again everybody has there own opinion
I agree. The vast majority of the MPC's sold below the low estimate. I believe they would have been better served by splitting up the total into several auctions. There was just too much there to be absorbed by the few collectors of MPC's.
That,s why they call it an estimate, Especially on the rare one of a kind items, when it comes right down to it, its only worth what someone is willing to pay for it.
The books of progressive proofs for other series had trickled into the market from this same source over the last five years. Significantly more was paid for each of those than the ones in this sale.
