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<p>[QUOTE="funkee, post: 1585838, member: 37925"]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. </p><p><br /></p><p>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. </p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>There's not a lot of auction history to find, but here are a few other sales of similar notes:</p><p><br /></p><p>2003A - St Louis Star, $100 - 63 PCGS: $126.50 (May 2011)</p><p>2003A - St Louis Star, $100 - 65 PMG: $143.75 (March 2012)</p><p>2003A - St Louis Star, $100 - 66 PMG: $230.00 (July 2011)</p><p>2003A - San Francisco Star, $100 - 64 PMG: $126.50 (May 2007)</p><p><br /></p><p>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.</p><p><br /></p><p>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. </p><p><br /></p><p>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.</p><p><br /></p><p>One of the forum member's has a website with a great explanation of grades with photos: <a href="http://www.panix.com/~clay/currency/grading.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.panix.com/~clay/currency/grading.html" rel="nofollow">http://www.panix.com/~clay/currency/grading.html</a></p><p><br /></p><p>Good luck!</p><p><br /></p><p>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.</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="funkee, post: 1585838, member: 37925"]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: [URL]http://www.panix.com/~clay/currency/grading.html[/URL] 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.[/QUOTE]
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