Discussion in 'Paper Money' started by Dr Kegg, Dec 16, 2010.
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Would you like to be a little more specific Steve?
Sure. The pair of random 1995 $5’s you posted. Nice notes but barely valued at what the grading fees are. I would guess they would look just as nice in quality currency sleeves and you could use the money spent on grading fees to buy two more examples.
I have notes similar to this that were being sold super cheap already graded. My only point is, not all notes need to be encapsulated.
So many ways to answer your question Steve. To begin though, let's start by addressing the mere fact that collecting is subjective. What might be a poor monetary investment for one collector might be of great value for another.
Without knowing the reasons in the previous owner's head as to why they submitted these notes for grading (I bought them already graded), I can only speculate. If I had to guess, I would say it's more likely that they thought the notes would grade higher. Perhaps they thought there was the potential for top pop status. In that case it would have paid off to invest in the cost of grading. A gamble if you will. However, that would assume that they were looking for a positive return on investment.
It's possible they don't care about monetary value. Maybe they were notes given to them by their late grandmother and wanted to get them encapsulated and registered. Maybe they were a pair of notes they had in their night stand drawer the night they lost their virginity. Hell, maybe they just like the way they look graded in a TPG sleeve. Who knows.
Again odds are (and if I had to bet on it) that it was a dealer looking for a monetary return. All I'm saying is who knows really.
I'd also like to point out that the notes are not totally "random". The two of them together do make a consecutive serial number pair. Had they graded top pop then boy that would have really been something. I know you've stated in the past that consecutive serial numbers are nothing special for you, but there are collectors that are willing to pay more for them. I know this for a fact as a seller.
Again, so many ways to answer this. As I'm writing this more and more possible reasons come to mind. It's possible that the seller was looking to stash these notes in a safe for 20+ years thinking they could appreciate in market value. Maybe they are banking on the TPG to change their labels and someday these will be "old label" notes that collectors pay premium for. Maybe they are the birth year of their son/daughter or grandson/granddaughter?
And yes, maybe they are just a dumbass.
I still stand by my last line, not all notes need to be encapsulated.
TPG’s give buyers confidence in the sellers description. There is a definite need for TPG’s in our current times.
I know right? LOL
I should have just answered yes to your question.
The 2 pieces of currency were evidently printed during the same period, and the printer utilized the excess sheets with the woman's portrait to print the $1 notes. This validates the paper shortage in a visual way. They were obtained at a price that I am content with, and a bargain when you consider that the philatelic items are worth considerably more then I paid for them. I could, but won't, actually make a profit by selling the non-currency items, but I enjoy them. The lack of any crossover among the bidders at the live auction was the most probable cause of the poor realizations for that portion of the sale. I'm very happy, anyway.
Very, very nice! I'm trying to put together a collection of "fractional notes" from the civil war era. I only have the 3 cent fractional so far but the story as to why they made fractional notes is what I like about them.
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