Currency dealer I would stay away from

Discussion in 'Paper Money' started by Mountain Man, Mar 28, 2022.

  1. Mountain Man

    Mountain Man Well-Known Member

    Mr.Q, Timewarp, 1stSgt22 and 3 others like this.
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  3. tommyc03

    tommyc03 Senior Member

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  4. fretboard

    fretboard Defender of Old Coinage!

    Funny that his other listings don't say "duplicate serial number," which shows deceit on his part, at least to me. :D
     
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  5. techwriter

    techwriter Well-Known Member

    I believe a pass on this is in order.
     
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  6. 1stSgt22

    1stSgt22 I'm just me! Supporter

    Perfect example of why I avoid the BAY! I'm sure there are other thing on there not so easy to recognize!!!
     
  7. Jersey magic man

    Jersey magic man Supporter! Supporter

    Wouldn't it be worth the price if you had the matching note from DC? Or is it outside the serial number range for the double set of serial numbers?
     
  8. Steve Shupe

    Steve Shupe Active Member

    I think he is saying duplicate when he means "Replacement". Lots of hype for well circulated star notes. Of course, on some of his ads, he says he is not the expert. This is his retirement account, so ya gotta give em a break. LoL ;-). Been fleeced lately?
     
  9. techwriter

    techwriter Well-Known Member

    @Steve Shupe , sure let's give him a break: from our visiting his website completely!
     
  10. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    There are actually duplicates from this group of star notes. The BEP screwed up. Here is a thread from the CT archives

    https://www.cointalk.com/threads/star-note-duplicate-series-questions.372383/

    https://www.mycurrencycollection.com/blog/1-2013-new-york-duplicate-serial-number-mistake

    IMO, the price for a single note is very "optimistic ", but if you were to find a matching pair of the same s/n from DC and FW, you would have something valuable (there are a few pairs known)

    Hope this helps clarify things
     
  11. Steve Shupe

    Steve Shupe Active Member

    I fully agree. I have no problem with people trying to make some money from selling items, but they should be priced fairly and not be designed to take advantage of an inexperienced buyer. It's like the fly by night ads on TV for numismatic products. Most are priced 3-5x what their real value is, or even more. Especially the ads where the coin or paper money is Layered in 24K gold or silver. In this case he is taking advantage of people that have heard that star notes are valuable. Sure, some are, and yes, many decades from now they may have a slight premium over face, but the current buyer will not be doing anything other than throwing their money down the drain. He is not selling CU notes, and his prices are higher in most cases than what an CU note would go for. Let's see, what value the Bank Note Reporter gives this note. Huh, not listed, (not old enough or rare enough). Okay let's see what a similar note that is listed, goes for. How about an FW 2003* in VF is listed at $10. Yup, that is about 25x less that his asking price. Caveat Emptor.
     
  12. Mr.Q

    Mr.Q Well-Known Member

    Don't have to avoid ebay or any other site just have to avoid the crapola, in my opinion. "Know when to hold them know when to fold them" right.
     
  13. Mountain Man

    Mountain Man Well-Known Member

    Sorry to report that she (the seller) honestly doesn't have the slightest idea about currency.
    I mailed her and the following was the exchange. Read from the bottom up, if you are interested.


    [​IMG][​IMG]
    New message from: michelle_robert (15[​IMG])
    Wow, did you even check the note I'm selling? Your right about some confusion alright! The irony of saying do your homework. Are you aware that they sometimes reprint at BOTH printing locations? REprinted at BOTH Fort Worth and Washington. Hmmm.. not trying to cheat anyone!
    And for the record I have sold another with the same Error. I'm very aware of how common the Average star notes are. I kinda want to says thanks for trying to pass alone help but you were pretty arrogant with your response. Don't come at someone when you literally are wrong.

    Reply
    Your previous message

    One of us is really confused. Have you even done the research on star notes. They are NOT printed twice, they are replacement notes for damaged sheets that had to be destroyed. As such, there are literally thousands of these out in circulation and you can buy stacks of them online for a little over face value.
    You are asking for ridiculous prices on your notes and need to do some homework. If someone pays your prices, they are idiots and you are cheating them.
    If you want to be a respectable seller, you need to research and confer with experts on currency before pricing them in the ionosphere.
    michelle_robert:

    Thanks for the offer. Are you aware this star note was printed twice? I know, pretty neat right?
    Your previous message

    Have you sold many of these? Just curious because they are neither rare or valuable. I have straps of them (100), fresh, new, crisp if you'd like to buy them at $250.00 each, just let me know.

    (SUPER RARE) 2013 $1 *Star* Note (DUPLICATE) Serial # B 03257722*



    [​IMG]
    Watchers: 3
    Quantity Remaining: 1
    Buy it now

    Get to know the seller michelle_robert
    • Located: Rio dell, CA, United States
    • Member since: Apr 15, 2013
    • Positive Feedback: 100%

     
  14. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    @Mountain Man

    She is correct. Her note isn't a regular star note. It's one of the notes where the BEP screwed up and used the same Series and serial numbers for DC and FW. She was accurate to described it as having the serial number being printed twice. Check out post 9 for links with the info.

    Is the single note worth $10-20 or the $250 she's asking? I think the low end, but if you find/have the matching note, her price is a bargain.

    As she said, it's a pretty cool mistake.
     
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  15. Mountain Man

    Mountain Man Well-Known Member

    Thanks for that info. Even if it is on the list of duplicate serial numbers, not having the other note drops the value, in my opinion.
     
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  16. Steve Shupe

    Steve Shupe Active Member

    the cool factor does come in but only if you have both of the notes from both printing facilities and ideally they are also in a high grade. These are not "printed twice" (actually with the printing process, each note is printed 3 times!), but they have duplicated serial numbers with other notes. I wouldn't even really call these error notes. The notes themselves don't have errors, but they have a possible neat factor, but only if you have the other note. Similar to a fancy serial number note. If she was selling the pair of notes at the same time, that would be different.
     
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  17. Hommer

    Hommer Curator of Semi Precious Coinage

    matches.jpg
     
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  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Thanks for the heads up :)
     
  19. Mountain Man

    Mountain Man Well-Known Member

    Very nice. Yes, I sent an apology to the seller and she graciously accepted it.
     
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