Discussion in 'What's it Worth' started by Raizac, Nov 28, 2023.
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Most people would not consider that note to be off center, and the note is in very poor condition. If you check eBay sold listings for a 1934 $20 note you will see that they are not selling for very much. The most recent sale being for $21.50. (See attached picture.) I personally spend 1934 notes all of the time, when I get them as change from dealers in coin shows or shops.
It’s not an off center note. It’s a printing error so it’s an obverse misprinting. It is only a little low.
This is a $100 note that is printed upside down. Each note receives 3 pint runs. The same run that printed it upside down is the same run that printed yours on the low side.
Do you own that $100? That's a very unique note!
Yes I do. It’s one of many in my personal collection. Here’s a great folding error that I also own. I have a number of Gutter Folds and I have a couple of printing errors and fancy serial numbers on CSA Notes (Confederate Notes from the Civil War).
@Raizac, I've seen several of your "notes" posts now, & I have to ask for clarification as to your intention with your collection. If you continue paying high premiums for less than optimum specimens for your collection (in this $20 example, you paid 20% more than a serious collector would pay for basically a "spender"), you will quickly be underwater when it comes time to sell.
For example, if I found this note in circulation, I would either spend it on something useful, or put it into my investment acct ($20 I put into the acct last January is now $24.52). If I put a twenty dollar bill that is worth roughly it's face amount into a collection that is essentially stagnant, then I would actually be losing money (think inflation).
Btw, in "money" collecting terms, "old" does not equate to "valuable", in most cases (although I hear a lot of arguments against this idea ). Condition is essential.
If you are a casual collector, & just want a few representative specimens, then it's OK to be non-discretionary in your buying. But based on your recent posts on various notes, I would be wary of continuing this trend before you do a lot more research before you buy.
...and learn the business & don't make things up...and delete YouTube!
I hope you will openly accept the advice/comments of our esteemed & knowledgeable members & not take offense. We aim to help/inform.
@PlanoSteve Yes these are starter notes to build off of. they are the first notes that I have bought outright. we all start somewhere in collecting and I'm sure you and others have overpaid for stuff in the past. this is why I asked what would you pay for this.
sorry for the slow response, i did not get a notification of new posts
Yes, we have all overpaid at some point, but we have also underpaid.
My point with your start is that you first overpaid significantly, on several notes, which, frankly, I don't believe any of us would purchase at the prices you paid. What you did was shoot first & ask questions later. You're pushing the cart with your horse, when you should be pulling it! (insert additional cliche's here )
Very few of us started out buying something we don't know anything about, and then wondering if we paid the right amount, & certainly not several times in a row. So what I am suggesting to you is to keep investigating informational sources like CT & others to build your knowledge & then buy wisely. (Knowledge is knowing a tomato is a fruit; Wisdom is knowing not to put it in a fruit salad.)
By doing this, you will be much more satisfied with the specimens in your collection, & you won't be worrying about what others might have paid. I have several hundred coin & note specimens in my collection, and on not any of them do I ever wonder what someone else may have paid. So, while I may have overpaid on some things, I do not buy something before I have an idea of its condition & value (to me). On a dollar cost average basis, I've done very well...& you can too. Do not be impatient with your acquisitions.
Again, I hope you will openly accept the advice/comments of our esteemed & knowledgeable members & not take offense. We aim to help/inform.
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