New York notes

Hi, I posted this in my previous post about my 1934 100s but I felt that I would have a better chance of getting this answered with a new thread, so my question is why are New York notes more expensive/worth premium and so on. I've read several posts that mention a note being a NY note and that it is worth more because of that, why?

Thank you

 

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Probably alot less of them printed would be my guess!!

 

RickieB

 

actually being from new york shouldnt have any more premium or be more expensive than any other district. it all depends on the amount of notes that are printed in any particular series as well as other factors. i have chicago notes that are worth more in some series than new york notes. you should pick up "standard guide to small sized us paper money" that will shed some light on the subject. actually after looking at my copy the new york notes from that series are on the lower end of values verses the other districts. i didnt see your note from the other post but for instance 1934 $100 light green seal from new york is $400 in CHCU condition. where as that same note from boston,cleveland and atlanta is $500. from minneapolis and dallas the note is worth $600 in the same condition. pick up that book and you can see how the notes trend for each year and series. :thumb:

 

Ka ching!

Thanks for saving me a lot of typing to explain this.

 

lol no problem clembo

 

The only notes from New York that are really worth serious money are the Nationals issued from Long Island banks.

Because so few remain the prices are insane! :goofer:

 

No doubt!!

 

Hello Penny Fanatic...

Let me first say welcome to Paper Money. Secondly, let me say never believe anything you hear and only 1/2 of what you see.

New York notes from the Fed Reserve are special to me as I am building my collection (small size) around this Fed District. The reason behind this is not due to rarity but simply due to the first note ever in my collection was this one..

and it was purchased because my son liked Trains! This is what lead me to start a New York collection. The New York District printings are among the highest printing for any of the (12) Fed Bank's (another reason I selected it..greater chance of finishing it). I can share my experience with you on trying to assemble these notes from 1928 thru current including stars....In my collection I will not accept any notes below the grade of AU58 unless it is all that is available for me. This makes it difficult to put together a complete Series denomination set from $1.00 thru $1000 for sure. I more than likely, I will never finish it, but I have a very good start.

Each Series that has been printed has it's rarities so to speak but what I have been told by many dealer friends is this; " The higher denominations from $20 and up are very difficult to locate for some issues in high grade, that was a lot of money back then to be collecting and not using...usually the affluent folks would hoard notes as well as Bankers, Investors but very rare was it the collector.

So I encourage you to find your own area of interest, study the notes, do the population reports and census archives..find what you like and set out on the journey to complete a set or two. Then you will see what is out there, how much it will cost you and if your goal is obtainable or not.

Might I also add it is very easy to be side tracked and start several collections of notes. For some it is Nationals, others it is a Type notes, and yet even other kinds of notes interest other people. World Notes are gaining rapid popularity and offer some incredible designs..the books to read on all this can be found within this forum and the wealth of knowledge here and at other forums is virtually limitless.

Good luck in your search and District selection...and stay away from those dreaded New York notes! I still need a bunch of em..:thumb:

RickieB

 

i would definetely listen to rickieb when it comes to NY notes. i would say he is the authority around here. also welcome back RickieB:thumb:

 

Thank you Urbanchemist for the return welcome..
Like many of you I am just a collector..I search every day for notes for my collection just like many of you do. Do you think we will ever have 12 folks for all the Districts and monopolize the industry?? LOL

RickieB

 

as much as i like that to come true i see it being less likely as time goes by. now a days it seems a lot harder for people to truly focus on one set district. i hope that is happens though

 

Is there a list of which members are focused on specific districts? How many are being worked on?

 

Krispy..as far as I know, Urban and I are the only ones dedicated to a District..now again, others may be, they just have not admitted to it yet.

Are you considering one?
Let me know what Fed Bank and if I have a note from that District, I will gladly pass it on to you.


RickieB

 

How hard would St Louis be? Equal to the others? Since I've just started getting serious about paper and am currently working on small sized silver certificates I could consider a district dynamic to my collection. I have an interest in St Louis as well as New York being that I currently live in the city.

 

Krispy...

Thats where the fun come in..you see you just do not know how hard a District will be until you dive down into it..you will learn all kinds of cool stuff.. like the Series 1934C has old back and new back $20's and getting the stars for these is difficult at best.. It took me 4 years to put together the NY 34 C set..all I can say is Thank God NY did not print the $100 note for this series...St. Louis has a very rich History as well...and you are always welcome to start a NY collection....I'll just have to keep me eye's peeled a little more :bigeyes:

RickieB

 

Thanks. I will see what I find as I peruse auctions and such for my notes.
The higher denominations are not yet an area of focus for me but I hope that I don't get too obsessed and need to go dreaming about them too soon.

 

Now some food for thought..if you really want a NY collection..well I just happen to know where one is..... well over 400 notes strong!

Ready to open that check book?? :thumb: :bow: :high5:

RickieB

 

Sure, I just need to go buy the right lotto ticket first, be right back...

 

ROTFLMAO




I love that...friend..good luck on the purchase.

RickieB