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Significance of Block Numbers on 1935 $1 Silver Certificate
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<p>[QUOTE="funkee, post: 1857778, member: 37925"]I checked out your for sale thread. I think $250 is a bit high for this set. Here are some recent sales for both raw and graded notes. Note that the first one is from the *-B block.</p><p><br /></p><p>08/16/2013 | 1935A $1 | *01552457<b>B</b> | PCGS 63 PPQ | $135.00</p><p>04/30/2013 | 1935A $1 | *78081528<b>A</b> | CH CU | $50.00</p><p>04/23/2013 | 1935A $1 | *13587306<b>A</b> | CH CU | $40.00</p><p>04/23/2013 | 1935A $1 | *78419230<b>A</b> | CH CU | $40.00</p><p>02/05/2013 | 1935A $1 | *33421170<b>A</b> | PCGS 63 PPQ | $91.00</p><p>01/12/2013 | 1935A $1 | *30446064<b>A</b> | PMG 63 EPQ | $69.00</p><p><br /></p><p>Book value (Schwartz/Lindquist) of the 1935A $1 star is $150 in CH CU. However, that's closer to the retail price, on a good day, and given that the note is graded (PCGS or PMG 63 - 64).</p><p><br /></p><p>Blocks on the 1935A star are unimportant. However, for many non-star silver certificates, blocks can and do determine value.</p><p><br /></p><p>The 1935 (plain) $1 series of non-star notes consisted of notes from A-A to R-A, and A-B to C-B. The run of -B notes usually follows the end of the -A sequence. After Z-A, goes A-B. However, the -B 1935 $1 silvers were experimental issues. They can command prices of $100 to $400 a piece; whereas the plain 1935 $1 with the -A suffix usually brings about $30 to $50 in CH CU. A-A, B-A, C-A... to M-A are all common blocks and fall into this range. However, N-A, P-A, and Q-A can bring $100+, simply because far fewer were printed. When the M-A, N-A, P-A, Q-A notes were being printed, some were paired with new back plates, which used a larger back plate number. These were mules. Also around this time, the 1935-A series started to be printed.</p><p><br /></p><p>As printing continued, more and more 1935 $1's got the new back plates. However, some of the earliest mules from the 1935 M-A block can fetch over $1,000. And these weren't star notes. The N-A block saw more mules; even more with P-A, Q-A and R-A. A few star notes (*-A) received the new back plates. These mule stars can fetch up to $5,000 a piece.</p><p><br /></p><p>As I mentioned, around this time the 1935-A went to press. The first block was M-A. These are rare, and have sold between $2,000 and $8,000 a piece. N-A is also pretty scarce for 1935-A and can go for $100 - $200.</p><p><br /></p><p>So, yes - blocks do matter. With star notes, the print runs are usually short and do not cross blocks. But sometimes they do. Barring condition, the value of these notes will be based on availability. Consecutive notes generally add a small premium when it's from an uncommon series. However, to bring any significant bump, you'll need a quarter-pack (25 consecutive notes) or more.[/QUOTE]</p><p><br /></p>
[QUOTE="funkee, post: 1857778, member: 37925"]I checked out your for sale thread. I think $250 is a bit high for this set. Here are some recent sales for both raw and graded notes. Note that the first one is from the *-B block. 08/16/2013 | 1935A $1 | *01552457[B]B[/B] | PCGS 63 PPQ | $135.00 04/30/2013 | 1935A $1 | *78081528[B]A[/B] | CH CU | $50.00 04/23/2013 | 1935A $1 | *13587306[B]A[/B] | CH CU | $40.00 04/23/2013 | 1935A $1 | *78419230[B]A[/B] | CH CU | $40.00 02/05/2013 | 1935A $1 | *33421170[B]A[/B] | PCGS 63 PPQ | $91.00 01/12/2013 | 1935A $1 | *30446064[B]A[/B] | PMG 63 EPQ | $69.00 Book value (Schwartz/Lindquist) of the 1935A $1 star is $150 in CH CU. However, that's closer to the retail price, on a good day, and given that the note is graded (PCGS or PMG 63 - 64). Blocks on the 1935A star are unimportant. However, for many non-star silver certificates, blocks can and do determine value. The 1935 (plain) $1 series of non-star notes consisted of notes from A-A to R-A, and A-B to C-B. The run of -B notes usually follows the end of the -A sequence. After Z-A, goes A-B. However, the -B 1935 $1 silvers were experimental issues. They can command prices of $100 to $400 a piece; whereas the plain 1935 $1 with the -A suffix usually brings about $30 to $50 in CH CU. A-A, B-A, C-A... to M-A are all common blocks and fall into this range. However, N-A, P-A, and Q-A can bring $100+, simply because far fewer were printed. When the M-A, N-A, P-A, Q-A notes were being printed, some were paired with new back plates, which used a larger back plate number. These were mules. Also around this time, the 1935-A series started to be printed. As printing continued, more and more 1935 $1's got the new back plates. However, some of the earliest mules from the 1935 M-A block can fetch over $1,000. And these weren't star notes. The N-A block saw more mules; even more with P-A, Q-A and R-A. A few star notes (*-A) received the new back plates. These mule stars can fetch up to $5,000 a piece. As I mentioned, around this time the 1935-A went to press. The first block was M-A. These are rare, and have sold between $2,000 and $8,000 a piece. N-A is also pretty scarce for 1935-A and can go for $100 - $200. So, yes - blocks do matter. With star notes, the print runs are usually short and do not cross blocks. But sometimes they do. Barring condition, the value of these notes will be based on availability. Consecutive notes generally add a small premium when it's from an uncommon series. However, to bring any significant bump, you'll need a quarter-pack (25 consecutive notes) or more.[/QUOTE]
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Significance of Block Numbers on 1935 $1 Silver Certificate
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