Curious about value of $20 Gold Certificate

I was wondering about the value of this $20 gold certificate,I looked all over ebay and HA to get an idea of the value but you guy's are the experts. I paid $200. I also bought a $5 Federal Reserve Note for $100.I know I really shouldn't be buying bills without the proper literature on this currency but these were an impulse buy.Thanks Randy

 

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$300 for an impulse buy?? i spend weeks looking and mulling before i carefully spend $300 on something lol My impulse buys are $20 or thereabouts lol

I think you did very well for those 2 notes and the price you paid. I dont have my FR book with me, but looking at the notes, i think you did very good!!

Great buys!!!

 

Thanks Daggarjon, I really value your opinion,You have helped me with several other things on this site as well. I say impulse buy,But I have been looking on and off for several weeks for these 2 bills and the price seemed OK and it was just above my limit I put away for a collection purchase. What is the FR book? My currency book is the comprehensive book of US currency from 1987.Thanks again Randy

 

RJ...

The $20 has had some internal repairs therefore the $200 price tag... normally that grade no repairs.. $ 230-235.00

Looks like yu bought that at last nights auction at Heritage for $100..that did not include the BP...that was an ok pickup....for you.

Depending on your collecting taste and budget of course you did ok.
Just my opinion on repaired notes, I would avoid them unless it is a very unique/rare note which few examples extant. But hey...thats just me.
Nice notes!





RickieB

 

the FR book i reffered to is the friedberg book. Its what is reffered to when you see the notation FR-2113 or somethign similar. it points to the exact note in the series of all US issues.

i agree with RickieB to a point.... but beig i have a much smaller budget, i wouldnt stay away from a repaired note if it was all i could afford. I dont think i have any note that have been repaired, but if i wanted a note, and the highest graded note i could afford was repaired, i wouldnt shun away from it. I might however, try to find another note with similar grade/price... but when it boils down to it, i wouldnt not buy it because the note was repaired.

 

:thumb::thumb: If you're happy, I'm happy. I think they look great.

 

Internally repaired currency

Hi RickieB, I've looked everywhere for a note in that grade for around $230-260 and I just can't find it.Ebay has absolutely ridiculous prices and I've gone on other sites and there prices are also high. I think because I am basically home bound because of a disability I can't get out to shows or even local dealers that might give me a better price.Thanks A Lot your advice is always appreciated.Randy

 

RJ...
The price I suggested is the Paper Money Price Guides suggested value.
A dealer will always charge you the "juice" (his time, effort and investment ) by no less than 15-20%. SO add the 20% to that and you in the $300 neighborhood.

My advice is to watch every auction bid on a note you like and set a limit including the juice...sooner or later you will get that note.

If I were really wanting this note badly..I would save and buy a VF35 + note at the least....the 1922's are easily obtainable.

Good luck!


RickieB

 

Rickie (or someone else), please educate me as to how they "internally repair" a note.

Thanks.

 

'carefully'?

i dont know the exact process, but it usually entails fixing a pinhole, or a small tear. im not sure where the cutoff point where they decide the note cant be repaired....