Help: 1899 $5 Indian Chief question

Discussion in 'Paper Money' started by bobbeth87, May 20, 2009.

  1. bobbeth87

    bobbeth87 Coin Collector

    As posted in an earlier thread, I covet this note. I just think it is beautiful. The local coin shop has one of these in good condition (no rips, does not look wrinkled, they call it "fine") for $225. On another site, I was researching these and it says that in bad condition it should go for $350.

    De Orc, Lettow, Daggarjon, Rickie, and some of you other paper experts, is this a steal? Is this a price one can get elsewhere? Is this just a "good" price that may come up again?

    I can't afford this, mind you, but if this is just a really low price for this note I may bite the bullet.

    Thanks for your comments.
     
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  3. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    That sounds like a good price to me
    Now, pictures of course would help, but it would be a little weird to go into a shop, take pictures of his stuff, then leave...
    Tell me, do the notes appear to be better than these... If so, I think you might have gotten yourself a steal on your hands
    Is the note a more white color, or a brown color?
    http://cgi.ebay.com/1899-5-DOLLAR-B...QQptZLHQ5fDefaultDomainQ5f0QQsalenotsupported

    http://cgi.ebay.com/1899-5-Silver-C...QQptZLHQ5fDefaultDomainQ5f0QQsalenotsupported

    http://cgi.ebay.com/5-Series-1899-S...QQptZLHQ5fDefaultDomainQ5f0QQsalenotsupported
     
  4. bobbeth87

    bobbeth87 Coin Collector

    The color, as I recall, is a little more brown than white, but it is in better shape (both colorwise and has less folds) than the one you posted that sold for $405. It is way better than the worst of the 3 you posted.

    I need to go in and take another look, but I saw the $225 and knew I couldn't afford it. But, when I looked at this other website that said $350 for a beat up one, I took notice...
     
  5. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Go to eBay's completed listings, and search $5 chief 1899.
    I don't know what you saw, so I can't say, you are getting a deal, but with what you are saying, it does sound good to me! :)
     
  6. bobbeth87

    bobbeth87 Coin Collector

    My plan was to save up for such a purchase (I've got 5 kids all at home with one going to college locally....I don't have a lot of extra $ to spend). If this is a "good" deal, then I probably won't splurge right now. If this is a "steal" of a deal, then I might go for it. I'll go look at it more closely and report and see what others say as well.
     
  7. bobbeth87

    bobbeth87 Coin Collector

  8. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Thanks for showing me, just made my family go bankrupt because I bought it... :D

    Being serious, I don't know why people think they can get any kind of money, over a million....
    20 Million, on ebay, c'mon!!!
     
  9. dursin

    dursin Senior Member

    You know, I'm tempted to create a 'dummy account' and click Buy-it-now just to stick the idiot with the commission on it. Hell, you have to wait 7 days just to OPEN a non-paying bidder dispute and then give the buyer several days to respond to that. Hmmmm....would almost be worth it to use my main account since you can't ding buyers with negative feedback! ;)
     
  10. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    with a price that big you have to be pre-approved to bid on it. He puts these up on ebay all the time, he just doesn't want anyone buying his best specimens is all. Plus it's a way for him to advertise.
     
  11. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Yeah, I've put some of his items in my watchlist, just to see if they sell, always million dollar items...
     
  12. dursin

    dursin Senior Member

    Seems like it will let me do a buy-it-now on it. Guess I'll find out for sure when I get home this evening...don't want to do it from work! ;)
     
  13. Daggarjon

    Daggarjon Supporter**

    it is real tough to say if the note you saw is worth the price tag or not. It is possible to get bargains, but shops are in business to make money, and rarely will let a note sell for alot less then its worth, unless they have a reason for doing so. Maybe they just want to get rid of it, and if that is the case, it might be gone when you get back. I would go to the PCGS grading guide. Also, go to heritage or even Ebay and print off some completed auctions with the prices realized showing on the page. If the dealer is understanding, he will help foster your desire to grade the note before you buy it... and might even help you. But be nice about it. Take a look at the note, try to grade it by the grading standards, and then if the note is a bargain based ont he recent realized prices, then grab it quick before someone else does :D

    say... where is this shop anyway? :p
     
  14. bobbeth87

    bobbeth87 Coin Collector

    not tellin.....

    I'll see what I can do....it's been there ever since I found the shop a couple months ago.
     
  15. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    If I am ever in HOUSTON again, you know I'll be there in the morning before you get there! LOL
     
  16. RickieB

    RickieB Expert Plunger Sniper



    My only advice to you is that if you like the note, then it should not matter to anyone else but you. My personal preferences are of course my own....as well as the decision to buy the notes I buy. I too have asked for opinions and realized that it was me who would be shucking out the $$$...

    If you like it, go for it...my personal mantra is nothing less than CHCU (except for some hard to find early stars)....it has cost a considerable amount, but will also reap the same in return.

    Good luck...post the image for us to admire.

    Regards,

    RickieB
     
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