A NewYork Bank Note I am thinking about Buying??

So what do you guy's think...worth 2.3K??

I have wanted a note like this in my collection for a while...feel like pulling the trigger..would you??

RickieB :smile

 

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Is that an 1882 Bruce-Wyman? If so, I'd say that it would be about ballpark in price. I'm still pretty new so take my experience into consideration. If it looks that good in person I'd say you'd being doing okay. That is still a good sum of money though. If it were me I'd be going back and forth with my decision as well. However, if you want it that bad, can afford it, and haven't found a better one around... go for it.

 

Howdy Pirata,

Thanks for the honest opinion! It is a Bruce -Wyman and I m tettering on the edge so to speak!
It is a ChCu63 PCGS and a beauty!!
It would be a fine point in the NY collection, as you know. As mentioned..I feel like pulling the trigger!!

Regards,

RickieB

 

Go for it !!!

 

well i no absolutely nothing bout notes but i think it looks nice and hey its only money hahaha

 

Sounds like you want it pretty bad. I'd say go for it then. It will be a very nice addition to your already awesome collection.

 

Some interesting facts on the 1882 "Second Charter Period"

Series 1882 National Bank Notes

July 12, 1882, to April 11, 1902the first use of this Series 1882 bills were for banks.The notes of these designs were issued as late as 1922 ! The reason for such late distrbution was due to Banks chartered close to, but before, April 11, 1902. Accordingly, a bank chartered in early 1902 would be given this series 1882 designs, and would therefore be supplied with these for the following 20 years!
The design's varied and fell into three classifications; (a). Brown Back's as pictured in this thread.
(b).Date backs inscribed with 1882-1908 and (c).Value Backs with the denomination spelled out in the center of the note's reverse. They were issued i $5, $10, $20, $50 and $100 denominations.

Pretty cool huh??


RickieB

 

Very interesting stuff. Thanks for sharing.

 

Pirata...

You are welcome....I find it to be educational to say the least about how the Counrty was financed back from the Civil War era to the Charter Periods. As for today's financing..well, let's just print what we need and a few billion extra to grow on..LOL




RickieB

 

I have not checked the census on that bank, however a brownback in that condition and brightness is not typical. I would suggest if it is not slabbed, you take a close personal look at it for that sum of money. But since it is slabbed that answers that.

If the price was right for me, owning a note in that condition would not cause any hesitation on my part.

Jeff

 

Rickie if you can afford it & you believe it is genuine after you have checked it yourself then I would say go for it :thumb:

 

do it!!!!

 

Hi
I know nothing about bills of this era. whats with the difference in serial # from top to bottom?
Ziggy

 

The top serial number would be the U. S. Treasury serial number and the bottom number would be the banks serial number. The banks serial number would indicate how many impressions of a particular plate configuration had been printed for that bank. The charter number for The National Bank of Commerce in New York is 733. The bank was organized in 1865 and according to my outdated catalog there are about 40 bills in existence for this bank in VF or better condition. The signatures of Bruce - Wyman has a price of $1000.00 in CU condition. But like I said the catalog is outdated, so who knows what the price would be today for such a choice example for this note.

Lou

 

Thank you Lou....

That was great information. May I ask you for the reference you used to find outthat infromation?
Thank again..




RickieB

 

Rickie, I used the 20th edition Standard Catalog of United States Paper Money by Chester L. Krause & Robert F. Lemke dated 2001. It covers small and large size notes, military notes, nationals, treasury notes, paper substitutes and Philippines currency. If you need any info let me know.

Lou

 

"National Bank Notes. Prior to 1924 notes had two serials, bank # and treasury #" Don C. Kelly's Book.

RickieB

 

Here is your note....

2007 January Orlando, FL Signature Currency Auction #424 Lot 16180 Sold for $1610. Plus check other auctions......sales range has been $1200-$1800 for those notes in the last 18 months....

I suggest you renegotiate a price.

Jeff

research is invaluable, impulse can be costly

http://currency.ha.com/common/view_item.php?Sale_No=424&Lot_No=16180&src=pr

 

Thanks OldBucks... you just saved me some $$$$. No trigger pull on this note.
I just found out from your research that the dealer is making big $$$... No sale to this RickieB

Thanks again....heck, it is the exact same note!

RickieB

 

That was a close one - It is a sweet looking note but it was great to learn the margin the guy was trying to make on it.

Hope you can find a replacement at a more reasonable price! Maybe the guy will come way down if he knows - you know what he paid for it?