1976 $2 J Star Half Sheet ?'s

Discussion in 'Paper Money' started by Pitbull, Jul 31, 2014.

  1. Pitbull

    Pitbull New Member

    Hi all, I have a 1976 $2 J series half sheet of star notes. A few questions for you folks.
    Whats your opinions on the best way to sell it? Auction,Private on a site or through a dealer? Do I get it graded first?
    What is your opinion on what its worth? Have seen some prices at auctions but have no idea what they sold for or if they sold.
    Not the best pics,coins are just to hold the sheet flat. It has only been out of the tube it came in a few times and kinda rolls up on its own. So condition is great. A couple of them have cool serial #'s. DSC_0385.JPG DSC_0388.JPG DSC_0391.jpg
    Thank You for any and all information you provide!
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  3. SteveInTampa

    SteveInTampa Innocent bystander

    Rare sheet. I have a 4-subject sheet and have found a recently sold 16-subject sheet on eBay. http://www.ebay.com/itm/Uncut-Sheet-of-16-2-Bills-Star-Notes-Series1976-J-Kansas-City-Federal-Reserve-/231275894283?pt=LH_DefaultDomain_0&hash=item35d91e160b&nma=true&si=n2SiqMAI6W1d4esIveP6Wx214mY%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

    This sheet sold for a little over $1,500, which is a fairly good deal. Grading isn't necessary and I'd imagine you would get more for the sheet from auction or a private sale opposed to selling it to a dealer. I paid north of $400 for my 4-subject sheet.
    Last edited: Jul 31, 2014
  4. spirityoda

    spirityoda Coin Junky Supporter

  5. SteveInTampa

    SteveInTampa Innocent bystander

    spirityoda likes this.
  6. Pitbull

    Pitbull New Member

    Thanks for the input guys. This is why I was asking. Have seen prices just like this. Also have seen individual bills sell for 300 each. Keep the info coming I appreciate it.
  7. josh's coins

    josh's coins Well-Known Member

    Hold your horses fellas.

    Are you guys telling me that these $2 bills are actually worth more than $2 now?:eek:
  8. spirityoda

    spirityoda Coin Junky Supporter

    there are no sold prices.
  9. SteveInTampa

    SteveInTampa Innocent bystander

    NOS likes this.
  10. spirityoda

    spirityoda Coin Junky Supporter

    I did that but must have done something wrong. thanks.
  11. Numbers

    Numbers Senior Member

    Wow. Just wow.

    That is a binary radar star note, still in an uncut sheet. Usually the really good fancy serials have been cut out of the sheets by now....

    Whatever the J..* sheets are selling for, this one should sell for a nice multiple of that.
    NOS and Blackie607 like this.
  12. funkee

    funkee Tender, Legal

    I think you could make out with $2,000 on a good day, after auction fees. This is a sheet that you need to get in front of an audience with deep pockets, in order to get your maximum return. A Heritage, Stacks or Lyn Knight event should do just that.

    The only problem is those auctions require a $5,000 minimum entry, and you might only get 80% of the hammer price (before buyer's premium).

    You could try putting it up on eBay and take offers on a Buy-It-Now listing, until you are ready for a major auction. Who knows, maybe someone is browsing.

    You might want to also consider putting it up on the Buy-Sell-Trade page of the PCGS forums: http://forums.collectors.com/categories.cfm?catid=24 - where you can sell it without any fees (except perhaps PayPal at 3%).

    I don't think you'll get a "multiple" of what regular sheets are selling for, but you might squeak out a premium.

    Care to share how you came upon this beast of a sheet?
  13. Pitbull

    Pitbull New Member

    Thanks funkee and all others that responded for all of the info and suggestions.

    I have had it for several years. It was given to me by a family member who thought it was a unique thing to buy. The it may be worth something someday kinda thing.

    I feel bad since I am not this kind of collector. It needs to go to someone who appreciates it. It has just sat in a safe since it was given to me.
  14. funkee

    funkee Tender, Legal

    There are a lot... and I mean a lot of junk sheets out there, even among 1976 $2 stars. A Boston (A*) or Cleveland (D*) 16-note sheet is only worth $150 on a good day. Kansas City is very rare, however. Either your family member had a keen eye and knew this district was special... or got extremely lucky.
  15. eddiespin

    eddiespin Fast Eddie

    That's north of $100/note if my arithmetic is right. I see my Atlanta stars are just north of $10/note on eBay right now. :(
  16. ITS117

    ITS117 New Member

    Funkee is correct on this. The two most abundant $2 star sheets sold
    publicly were Boston and Cleveland. Both districts released between 3,000
    to 5,000 sheet from the first run of 20,000 and both released (sold Publicly)
    all 20,000 sheets of Run#2.

    The scarcest is Kansas City with 2,000 sheets sold all in the
    Serial Number Range of J 000 13001 * - J 006 35000 *

    Next would be New York with 2,500 sheets sold all in the
    Serial Number Range of B 012 97501 * - B 019 20000 *

    With just 2,000 sheets (4,000 1/2 sheets) sold, there aren't many 16-note 1/2 sheet survivors intact after 35+ years.

    I suggest sending it to one of the Third party grading services to start.
    At least the sheet will be flat and preserved in plastic and properly idenrified
    for a small fee. That way you can decide what to do with it before any
    extra handling takes place.
  17. Pitbull

    Pitbull New Member

    ITS117, Thanks for the added information and any time spent on that research. I will look into getting it graded.
  18. funkee

    funkee Tender, Legal

    I have an NY 4 note sheet. These don't seem to bring that much at auction. Chicago seems to fetch more.

    From what I recall, no NY sheets were ever issued to collectors in sheets of more than 4. A 16 note NY sheet should be very valuable.
  19. ITS117

    ITS117 New Member

    Funkee, are correct in regard to the the issuance of NY sheets in 4-note
    quantities only. I am only aware of two 16-note New York sheets of which
    the owner of both will have to remain anonymous.

    With only 2,000 sheets (J-*) and 2,500 sheets (B-*); the Chicago stars
    had a release total of 6,000 sheets (2,000 Run #1 & 4,000 Run #2).

    Serial Number Range of G 000 04001 * - G 006 26000 * Run #1 2,000 Sheets
    Serial Number Range of G 006 80001 * - G 012 72000 * Run #2 4,000 Sheets

    16-Note sheets were available for both runs/sales of Chicago.

    How many collectors actually would suspect that N.Y sheets (even 4-note) had only 25% more sold than K.C. as opposed to Chicago with 200% more than K.C.

    In addition, the 1st Chicago run of 2,000 sheets (Run#1 not #2) also is the lowest serial number range released. Sheets #4001 - 6,000 are below the
    other three districts releasing Run#1 sheets. The are K.C. ( sheet 13,001- - 14,0000) , Boston ( sheet 12,000 and higher), and Cleveland ( sheet 5,000 - sheet 8,000 or 9,000). Are you getting more for Run #1 sheets from Chicago
    or possibly Buyer ignorance.

    My advice is to continue selling Chicago sheets at auction. Just give some
    serious thought about buying the New York sheets that don't bring much.
    Invest in your Future.
  20. funkee

    funkee Tender, Legal

    I wasn't implying that owning an NY sheet is illegal or frowned upon. Just that the 16 note sheets were cut before being sold to collectors. That being said, whole sheets were distributed to important political figures and individuals who took part in the creation and manufacturing of these sheets.

    Can you share how the owner of these sheets came upon them?

    On the other hand, owning an E* or I* might draw some unwanted attention.
  21. Blackie607

    Blackie607 New Member

    The biggest point in this sheet is that BINARY RADAR SERIAL NUMBER
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