Hi, new here, got referred from a friend. I have a set of 10 sequential 100s that I've been saving for awhile. Not really sure what they're worth, and ready to get rid of them. Any ideas? Thanks for your time.
The majority of the value will depend on the series and the condition. The best way to get some opinions in regards to value would be to post some photos. You can do so by clicking on the "Insert Image" icon, which is the 3rd icon from the right in the Quick Reply box. Then click Select Files, select the photos and then click Upload. If that doesn't work, you can also try uploading to www.imageshack.us (or a similar site) and posting the links here.
I'll post pics. Tomorrow. Can't seem to do it from an iPad. Bills are very nice from a bank, no damage at all that I can see. Nice and crisp. FG 00016342* G7. To 00016351
Bills are "new". no folds, creases, etc. That I can see. withdrew $1000 from the bank and this is what I got. Kept them in the bank envelope in a safe. Uploaded with ImageShack.us
Thanks for the reply! I'm assuming it would be better to try to sell them as a set? And where would be the best place to list them? eBay charges too much...
Nice find. These notes come from a print run of 1,920,000 according to the Schwartz/Lindquist guide. The notes have a book value of $175 in Choice Uncirculated. I find their valuations to be rather high, however. They are higher than what most dealers ask for in a retail setting. Assuming there are no folds, creases or stains, and that the corners are razor sharp and the edges are not dinged, I would say you can get a return of $125 per note in an auction setting. I would definitely sell them individually. Modern notes don't command a premium when sequential - because they are simply pulled from packs. It's also less likely that you will get multiple buyers in a bidding war driving up the price, on a lot of 10 notes. That's just due to the high denomination and lesser collector appeal. I would even list them one at a time, and wait for each auction to end before listing the next. If you put them all up at once, there will be no bidding war, because each interested buyer will end up bidding on a separate note. The $125 figure I gave earlier is if the note is raw (ungraded). Getting it graded by a Third Party Grader (TPG) might be worth it. A graded note will likely fetch a premium; the premium over face value increases with the grade (from 1 to 70). There are costs involved with getting it graded, and it will eat into your profits. If you think the notes may grade very high, then you will want to send them in. If the note grades in the Gem range (65-66), you might be able to reach $150 with the right buyer, but the cost of grading will probably cancel out the premium. There's not a lot of auction history to find, but here are a few other sales of similar notes: 2003A - St Louis Star, $100 - 63 PCGS: $126.50 (May 2011) 2003A - St Louis Star, $100 - 65 PMG: $143.75 (March 2012) 2003A - St Louis Star, $100 - 66 PMG: $230.00 (July 2011) 2003A - San Francisco Star, $100 - 64 PMG: $126.50 (May 2007) Modern notes can definitely climb into the upper tiers of Superb Gem (67 or higher). I would only recommend sending it to a TPG if you are sure it will grade 67 or higher. If the notes grade 68 (Superb Gem), you'll be looking at a value of $200 a piece. 69 might fetch $350-$400. And a 70 grade, which is extremely rare from the top two TPGs (PCGS and PMG), might make you four figures each. If you look at eBay for some comparisons, only consider PMG, PCGS and CGA (to a lesser extent) graded notes. There are some sellers on eBay that sell notes in their own homemade holders. To get a grade of Superb Gem, the centering needs to be perfect on both front and back. There mustn't be any dings or dents to the edges or corners, and the paper must be exceptional with not a counting smudge, wrinkle or bend. Although paper waves are not so common among newer notes, they are acceptable and won't detract from the grade. One of the forum member's has a website with a great explanation of grades with photos: http://www.panix.com/~clay/currency/grading.html Good luck! Edit: eBay is your friend in this case. They do charge some fees, as does PayPal, but you will get much more exposure than other auction sites. The more interested buyers you can get, the higher the price will go. The only other auction sites that I might recommend are Heritage Auctions, Lyn Knight or Stacks Bowers. But the fees with those places will be much higher than eBay. eBay has promotions where you can list for free. I recently got an email that allowed me to create a free listing from the mobile app.
WOW! Nice post Funkee. Thanks for the info. I'll look into these a little more. I kept them together because I thought they'd be worth more that way, But what you said makes sense. I'm glad I signed on here. Sounds like they *could* be worth more than I thought. :thumb:
You're welcome. Indeed, selling a sequential set can sometimes bring a premium, but not with modern notes. It will also be hard to find a collector who wants to buy 10 of these and freeze $1000 in face value alone. Most buyers just want one for their collection. And more buyers corresponds to a higher selling price. Another benefit of selling them separately, is you can pull out the notes with perfect or near-perfect centering to have them graded. If you can squeak out a 68 or 69 grade with just one note, you'll be rolling in money. It's very hard to tell from this photo, but I can see the notes have different top margins. For example 16345* has a thicker top margin, compared to the rest.
Haven't had the time to look at them real close yet, or find someone/shop around here that can check them out for me. On average, what does it cost to have stuff graded? How's the best way to go about it? I'm in Alaska, so would have to send them out... And THANKS again for all the help and info. ! :thumb:
Not so easy to make money, if you sell for $126, ebay and paypal fee will cost at least $10, leaving you a profit of about $16 each... PCGS cost $14 min. to grade each note plus shipping http://www.pcgscurrency.com/pricing.html
Any interest in these? I'd like to convert them to Au or Ag. I'll post a for sale ad in a couple days and if not, They go to the bay...
Definitely put it up here first. You might get some bites if you price it right. I'm tempted to buy them, but it's a lot to invest at this time. I recently dropped a lot on a few high end notes.
They will be a difficult sell. I have a couple as well, and had no takers at $225 a pair considering the face is $200. I had them listed on CT for quite some time and they were in the same condition as yours. I eventually spent several at the FUN show this past January. No dealers showed any desire to own them either. I think you will have to wait some time to get suggested value.
