Local shop has this bill, wife likes it but got to know what it's worth before I jump in. Any thoughts? Only pictures I have.
According to the US Paper Money Errors book by Frederick J Bart (3rd Ed), the 1974 $1 with an inverted overprint has the following book values: Fine ($200) Extremely Fine ($350) Choice Uncirculated ($500) Keep in mind these are "book" values and are high retail. Searching Heritage (HA.com) for "Fr. 1908 inverted" I got some better numbers on past auction prices: AU 58: $253.00 CU 63PPQ: $322.00 Gem 65EPQ $352.50 Gem 66EPQ $381.88 Gem 67PPQ $411.25 Keep in mind that you'll almost always pay more in a retail setting than an auction. Also raw notes will not command the same price as a graded notes. $500 in my opinion is too high unless this note is graded and comes back 68PPQ or higher. If the top margin was a bit smaller, then I'd say it could grade 68 if there are no other flaws. I wouldn't pay over $350 for this note, simply because I could probably pick one up at auction for that amount with a little patience.
Agree with Funkee, on a single like that I'd aim max for $275-300 on eBay. I trolled mine up there, not as nice as this one but still a graded VF25, for half that - but that, as Funkee mentioned, required ALOT of patience and alot of "You did not win this auction" messages. Other denominations you'd go a bit higher in that condition... he might bite at $300, depends on how long that dealer has had it. For the $500 sticker I imagine he'll have it for a while...
Well the price he has listed is $500, but my price would be $310. So I guess it's not too bad of a deal then. Thanks for the info guys!
If you have a business card put $300. on the back and give it to him. Tell him when you want to sell that's my price.
