Paper Money: New Acquisitions

Discussion in 'Paper Money' started by Dr Kegg, Dec 16, 2010.

  1. SteveInTampa

    SteveInTampa Always Learning

    Ever wonder what was going through a collectors mind when they decided to get these notes graded @Endeavor ?
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  3. Endeavor

    Endeavor Well-Known Member

    Would you like to be a little more specific Steve?
  4. SteveInTampa

    SteveInTampa Always Learning

    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.
    GoldFinger1969 and hotwheelsearl like this.
  5. MEC2

    MEC2 Enormous Member

    Well, as Rare Earth sang, get ready, cause here they come... more and more nationals are going to start hitting this list as I succumb to madness and start getting these things willy nilly. Today we have a $10 from Norfolk, Virginia. Definitely got use, paper has some thinning but the face up isn't all that bad considering how many miles I think this thing went... who doesn't like a convoluted bank name like Norfolk National Bank of Commerce and Trusts...


  6. MEC2

    MEC2 Enormous Member

    Well just because I succumbed to one sort of madness doesn't mean I am not still a victim to the other kind, in this case, collecting obsoletes... like today's new pickup, this early-mid era 1826 $2 note from The Jersey Bank in Jersey City, in you guessed it New Jersey. Note it's payable at the Ontario Bank in New York. And they wondered why paper money was deemed untrustworthy... I do really like the engraving on the end caps of this note.

    masterswimmer likes this.
  7. Endeavor

    Endeavor Well-Known Member

  8. Endeavor

    Endeavor Well-Known Member

    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.
    Last edited: Jun 7, 2019
    GoldFinger1969 likes this.
  9. SteveInTampa

    SteveInTampa Always Learning

    You’ve definitely given this more thought than me @Endeavor.

    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.
    GoldFinger1969 likes this.
  10. Endeavor

    Endeavor Well-Known Member

    I know right? LOL

    I should have just answered yes to your question. :joyful:
    GoldFinger1969 likes this.
  11. MEC2

    MEC2 Enormous Member

    Today's new pickup is this $1 Rhode Island obsolete from the Burrillville Bank. Where is Burrillville? Besides in Rhode Island... well it still exists, in fact it was first settled in 1662, so holy crap, that's been a while...

    hotwheelsearl likes this.
  12. Harry Brown

    Harry Brown Active Member

    Finally got my large package from the Heritage Civil War auction. Very exciting items, mostly of philatelic interest (CSA turned cover, POW cover Johnson's Island, both Lincoln's PMG signatures on PM appointments, relics dug from Johnson's Island, etc.). There were 3 items of currency items from 1862. The first 2 are fascinating to me, because of the extreme paper shortage in the CSA. I think the two tell the complete story.

    CSA Mobile $3 VF25 1862 a.jpg CSA Mobile $3 VF25 b.jpg CSA Mobile $1 AU55 1862 a.jpg CSA Mobile $1 AU55 1862 b.jpg

    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.
    Endeavor, midas1 and hotwheelsearl like this.
  13. Harry Brown

    Harry Brown Active Member

    The other item of interest to currency collectors was a small hard times note from Bigelow, Morse & Co. They were located in Marlborough (sic), MA on Nov 1st 1862, when the note is dated. I have no idea of the popularity of these, but it almost has to be greater then the small number that I paid for it. All in all, a great sale. ObsCurr Marl MA 10c 1862a.jpg ObsCurr Marl MA 10c 1862 b.jpg
    Endeavor likes this.
  14. MEC2

    MEC2 Enormous Member

    Today's new pickup is this worn $2 from Farmers Bank of Virginia. Hey, they *promise* to pay should you get this note to Richmond. A scene of child labor slavery right at the middle, or creepy cherub porn, you decide. The guy on the sides is clearly a man of action, shearing sheep on the right by day, and at left stepping out with all the foxy ladies by night...

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  15. Andy Mathis

    Andy Mathis New Member

    Nice gift :)

    Attached Files:

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  16. Endeavor

    Endeavor Well-Known Member

  17. Sir Guardian

    Sir Guardian Member

    I may have shown this already.. 1862 100 Confederate Note 2 (2).JPG 1862 100 Confederate Note 2 (1).JPG
  18. MEC2

    MEC2 Enormous Member

    Today's new pickup after yet another inexcusable delay is this $3 obsolete from Maine's confusingly named Georgia Lumber Company. Ah, my favorite denomination with a number of nice design elements here...

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  19. Endeavor

    Endeavor Well-Known Member

  20. MEC2

    MEC2 Enormous Member

    Today's new pickup, this Topeka $20 from the Central National Bank. Not to be confused with other, non-central National Banks...


  21. Sir Guardian

    Sir Guardian Member

    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.

    Attached Files:

    Endeavor and Andy Mathis like this.
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