New to collecting U.S. paper money. Wanna get me a Black Eagle. Also, what's the minimum grade I should be aiming for? EF? AU?
The grade Doesn't really matter just buy the nicest looking one that you can afford for the right grade/price
The sweet spot is XF - AU notes with original paper, good eye appeal and problem free. Patience and research are the two keys. A popular note available across all grades and prices. Don’t buy a bargain, problem note telling yourself you’ll upgrade later. Buy it once. Buy something you’re proud of.
Because you mentioned grades, I am assuming your are buying, or looking to buy, a certified note, which is good, but raw notes can be had at a good savings, if you know what you are doing. Other than that, like Steve said and the best you can afford. I paid under $200 for this one.
I would recommend buying a certified note in an EBay, Heritage or Great Collections auction. It’s a common enough note that you shouldn’t need a dealer to search for one on your behalf. The buy it now example in this thread is way overpriced. A nice clean high VF like the one above shouldn’t be above the $200 range. If you want XF-AU you’re looking at $250-$300 plus. I have noticed large size type notes going up in price over the past several months.