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<p>[QUOTE="funkee, post: 1463309, member: 37925"]The book value for this note in Extra Fine (40) is $1450. Usually notes that are missing pieces are anywhere from Poor (1), Fair (2), About Good (3) to Very Good (8) condition, which actually translates to really bad condition. I've never come across a note in EF or better with pieces missing. Someone must have taken scissors to this note.</p><p><br /></p><p>Consider that this note in Very Good (8) is worth about $475. A grade of VG probably means that it has pieces missing. Or is very crumpled, with wrinkles, holes and tears. The fact that your note is in great condition with pieces missing definitely makes it more valuable than a VG note, which is already worth on the books more than you paid.</p><p><br /></p><p>The person talking about 10-15% of face value, is probably referring to notes that are common and easily available in high grades. This note is not that common, and I'd say you got a good deal.[/QUOTE]</p><p><br /></p>
[QUOTE="funkee, post: 1463309, member: 37925"]The book value for this note in Extra Fine (40) is $1450. Usually notes that are missing pieces are anywhere from Poor (1), Fair (2), About Good (3) to Very Good (8) condition, which actually translates to really bad condition. I've never come across a note in EF or better with pieces missing. Someone must have taken scissors to this note. Consider that this note in Very Good (8) is worth about $475. A grade of VG probably means that it has pieces missing. Or is very crumpled, with wrinkles, holes and tears. The fact that your note is in great condition with pieces missing definitely makes it more valuable than a VG note, which is already worth on the books more than you paid. The person talking about 10-15% of face value, is probably referring to notes that are common and easily available in high grades. This note is not that common, and I'd say you got a good deal.[/QUOTE]
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