I know this error isn't major (in my opinion) but it was a pretty nice find in circulation. Not to mention the bill is crisp as the day it was made as well. I picked it up and then noticed the two things wrong with it. Anybody know if any premium is to be had with this one? Thanks, Tyler http://i742.photobucket.com/albums/xx70/tylerpenland/dollarbill002.jpg
Not much of any value in this condition. It books ChCU for about $4 (the star version of this note books at $7) but yours has a lot of circulated condition problems: bumps, the two visible corners are slightly bent, doesn't lay flat, slight (soft) vertical center fold. The error, a misaligned 3rd print is what I believe it's commonly called, isn't uncommon to find in circulation. Must've slipped past the BEP QC folks or been within accepted tolerances.
Oh. Ok. It actually doesn't appear to have as many problems when you actually have it, like I said, its still crisp. And no bends a few days inside a thick book won't fix. Thanks for the info though. $4 isn't a bad return. Thats 400% I believe......
That's book price... typically over-inflated, just like Redbook prices. Try to make a profit with listing fees or locate a seller. May not be that profitable after all. A book might help flatten it some, give it a try.
Lincolncent: I took the image you posted and used green bolts to show you where Krispy is calling these circulation marks. The minor thrid shift printing error is very common and can be seen on many notes. Krispy is pointing out the visible faults on the note and when he says it does not lay flat, well a Gem Crisp new note lays very very flat. A thick book will not help you in this case as the fibers in the paper have been reshaped. Pressing would be the only thing to get the corner folds and edge problems taken care of. Pressing would also make the note worth face only, so either way you go here, although it was a nice find, it's a spender unless it is completely "Gem new". Very nice catch on the error and perhaps this may just open your eyes a little more toward the paper side of the hobby. Thanks for showing the image and I have to agree with what Krispy said. Regards, RickieB
Thanks RickieB. I've been slowly learning about notes although I haven't bought any books yet (I plan to). Mostly the only reason I haven't gotten into notes is that its a bit more expensive and I am on a tight budget. Currently the only stuff I have came from circulation (except for a red seal five and two dollar bill, and a couple silver certificates). I plan on keeping it since I got it at face and who knows, maybe the grandkids will enjoy looking at it. Thanks, Tyler
Tyler: You are welcome...if I can ever help you or for that fact, if any of us can ever help you, just say the word. I hope your interest in Paper keeps growing. Regards, RickieB
linolncent: I feel that with Paper Money especially and the expenses involved therein, we all have budgetary constraints which we must define individually at the outset. I certainly do and yet have set my goals probably higher than I may be able to achieve. I am learning as I go and the first thing I did, before spending any money on notes was to begin buying books, watching all of the Paper Money threads closely and learning from the more experienced guys here while attempting to grade notes I see others offer up. Trying to grade notes on forums is tough with various image qualities to go by, but it helps to have the more experienced collectors reassure your assessment and to point out things I missed or to more accurately describe things I may have fumbled with. I also search notes that I get from the tellers and even though there are very few that I find not in straps that could be consider approaching Gem Unc., I will use anything I find to fill a hole in my small sized FRN collection of St. Louis Fed District notes that I'm working on. That way I can have something tangible and replace it later when a superb example comes along in my price range. Anything older than what I can typically find in circulation and which I need to bid in auction or elsewhere, then eye appeal, budget and rarity all start to define what I can put in my collection when paying a numismatic premium for notes. I can't express strongly enough how books have helped me understand what I am doing even before I began trying to collect/buy any notes and how much time and money a simple guide book can save you in your collection budget as well as effort of tracking down some of these notes. Heritage and TeleTrade are also a couple of general auction sites which are very educational for me in this regard. There are a lot of sophisticated paper money web sites as well but that's for later when you start to narrow down quality and type of dealers you want to work with. I too would tuck that note away, especially if you have young collectors who might benefit from it, even if it's condition makes it mostly novelty. Great thing is that it only cost you $1. Not sure if you've ever seen this or not, but check out the CT thread: District Currency Collectors Group :thumb:
