Strange 1976 $2 Star Note - Please Help!

OP:
What exactly are your intentions and current thoughts about this find?

krispy:
The fact the the OP said he found other stars, suggested to me that he could be in it for history/hobby purposes, but who knows? If the OP is in it for the $, the OP should spend it or as I have mentioned, sell it to me at face. (Not to be pushy, of course).

-tbud

 

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These farcical scenarios you come up with are about as off base as you paper money comments leave newbies in the dark about their finds. They're fantasy and not earning much credibility on the topic. If you're frustrated take a break but if you want to stay inside your shell I'll understand that too. Sorry I tried to provide some balance in threads you are active in and want to be the sole voice in these matters.

 

OK, let's quit arguing and agree that's it's a star note, therefore unique, and he should keep it.

 

I wasn't having an argument but rather trying to have a discussion, and I'll remind all that it's a damaged star note worth face. The history can be speculated on... Was this note cut from a sheet from someone careless to collecting interests or a desperate collector who needed cash and sacrificed this sheet
Of notes because the value was better applied to living expenses and the note not worth much to bother with trying to sell it instead... It's history can be as unknowable as could any other note in existence that comes through our hands.

 

There's the history right there! Good job! You learn quickly. The history is: Well, was it used because of hard times? Was it stolen and recklessly spent? Given to a child/grandchild that recklessly spent it? Who knows? That's just the fun of the history side of collecting. I too am considering this a discussion rather than an argument, even though I used that word, you guys know what I mean by arguing, if you guys are all as intelligent as you make yourselves out to be. I still stand by my original thought: Keep it or send it to someone who would be proud and care and take care of that note, please don't throw it back out in the wild where it will furthermore be damaged.

 

Learn? You take my examples to the nth degree as I was trying to point out your fancy for imagination over presentation of facts and figures related to the OP. :rollling:

 

Wow...I seem to have missed out on a lot of excitement over the weekend.... Let me avoid the drama and make one point:

It's certainly a damaged star note. It may well be worth no more than face to you. It is worth more than face to others. Therefore, you are giving misleading advice when you assert that it's "worth face", without qualification.

If somebody came in here and posted a perfectly normal 2009 $1 in a PCGS 70 holder, I wouldn't pay more than $1 for that note. But I'm pretty sure there are plenty of folks who *would* pay more, and indeed much more...so I'm not going to go advising anyone to cut it out of the holder and spend it. Likewise with this $2 star: plenty of collectors wouldn't pay over $2 for it, but plenty of others would--so telling someone to spend it is still bad advice. This note just appeals to a different sort of collector than the grade-rarity note would.

The $2 star isn't worth moon money. It probably won't be worth much more in the future than it's worth today, so I wouldn't recommend holding it for that reason. If the OP wants to hold on to it for the history value or the novelty value, great. Or if he wants to make a few bucks' profit on it, he could offer it for sale on the open forum here, or someplace like the Where's George collectors' forum (where notes much like this one sell for a few bucks over face all the time). Or I guess he could spend it if he really wants to--it's his note, after all--but he'd be leaving money on the table; that's why I advised against it.

 

I decided to stop replying on this thread until the OP decides to step in and answer some unanswered questions which could result in the final piece of advice.
OP: Where are you?

 

I see no others clamouring to buy this note for greater than face value (greater than face plus shipping of course). My advice is not misleading, and it's not unsupported, it's not worth more than face because it is damaged. The advice is given to this OP on this forum. I don't advise WG because the audience isn't interested in the same information as are members of this forum for numismatic values, research and such. Just because someone will pay more for something doesn't mean the value is present nor supported by the greater market for that item.

It is a damaged star note better spent on a ChCU or near-ChCU $2 star note straight from a new strap. It may be more difficult to find and it may take time to find, but find you may, for $2 with no evidence of circulation. Keep searching, use these rags as place holders in a collection until you do, but don't put more faith in the imagined value of such a note just because it's the first or only one you've ever come across.

 

Again, you're confusing "not worth more than face to you" with "not worth more than face to anybody". Just because a note is damaged, that doesn't mean it has no premium value. It has less premium than an undamaged example, but it may still have some premium. You may not want this note in your collection, but that doesn't mean that anyone who'd pay over face for it is uneducated or wrong.

Not all collectors want the best notes they can find. Some collectors want the worst notes they can tolerate, so as to be able to afford a larger and more varied collection. There's nothing wrong with selling finds like this to that audience.

I've pulled a number of $2 stars from circulation, ranging from much uglier than this one to CU. In some cases, I've sold the nicer ones and kept the uglier ones, because that gives me more money to spend on other notes....

I'm not going to suggest (let alone insist) that you, or the OP, ought to collect in the same way I do. But I'd appreciate it if you'd stop implying that nobody ought to collect differently than you do, or that nobody does collect differently than you do. A market for notes like this one does exist; that's my only point.

 

+ 1. This is what I've been trying to get at in so many words. Well said, Numbers.

-tbud

 

What's "confusing" is your reinterpretation of my comments related only to the note in this thread. I never said the things you placed in quotes. What you recreated only distorts my words in your quotes. It's what you erroneously choose to see/hear without considering the factors that impact the value of this damaged $2 star note, this circulated, found in a strap note that's been presented in the OP.Period. You need not generalize that my comments ever applied to ALL of currency.

At this time, given these conditions, this note is not worth more than face ($2) plus perhaps the cost to ship it to someone willing to buy it. That is what I said and that is the reality that you both, Numbers and Tbud, fail to comprehend in the child's play of your twisted argument.

I never said anyone was wrong for wanting to put this note in their collection either. You did Numbers. You said that I said something which I did not say. I made a clear cut and informed factual statement from a reasoned perspective for the OP who came inquiring about this note with condition problems that limits it's value beyond face. I can't help you if you felt slighted or misread my words to suggest I meant you were "uneducated", but if my comments read in a blunt manner, that's just the reality of the case related to this note.

Anyone who has to present this note, with the severity of damage to it and who does not do their own research to learn about the Series beforehand, and wishes to be told the value of the note, is presenting us with their limited knowledge of the subject. They must be prepared that what they hoped was an error worth money is in fact damage that limits the value of this note entirely, in the case of this note!

Don't forget Numbers and Tbud, we are talking about one specific note, the note in the OP of this thread, not all of the world of currency.

Of course not all collectors have the finest condition of notes in their collection. A high grade AU is less pristine than a high grade GEM note. A Series of note long out of circulation, like large size FRBN is going to command a premium across many grade ranges, but damage to any note works against the value for another note of the same condition without the damage. Not everyone can afford the best and not everyone can have the best example either, but given the factors of the note in the OP of this thread, please don't deviate and generalize my comments to apply to ALL of currency. The note in this thread is damaged and has no value over face. Find if you will the market value for the uncut sheets these would have come from, then find the value for damage, then see what similar notes have sold for, then throw in circulation conditions. If graded by PCGS this note would only come back "apparent" even though it's new or if it were uncirculated. The grading fees would obliterate the note value into minus value territory. Money better spent on a GEM note, perhaps even graded when you buy it, with no problems.

Now someone may come along and in their naivety as a new collector, being yet still a less informed collector, or someone that Tbud has sent off in the world with his comments misinformed by suggesting the note should not be spent but collected (without explaining to the person about the damage and harm to value it means), then those lesser informed collectors may go right out and overpay for this note if buying or demand others pay more for it if selling. I never said they were "uneducated" to imply they were inferior or stupid as you have twisted my words to mean Numbers... but to suggest that it's okay to over pay for this note, is a grievous error that you both, Numbers and Tbud, are allowing yourselves to make. Both of you I should like to state, I actually considered better informed and more careful. Given the nature of this discussion you give me pause as to your motives, which seems only to delight in toppling my reasoned and straightforward informed comments from earlier. To what avail, you make yourselves look the fools for arguing with me instead of learning about why this note is not now worth more than face value.

Also, Numbers, those "uglier" notes that you have pulled don't pertain to this thread, and are entirely within the realm of aesthetics and a subjective matter. People have all sorts of eye appeal that speaks to them and helps define their collection, errors are one of them, but the note in this thread is just damaged, and while some may like collecting damaged notes for their collection, it does not mean the note in this thread is worth more than face value.

As I said, cost is obviously a barrier in collecting many notes. Cost can prevent someone from owning a better example of many notes, and not everyone can have the finest example in their collection, so must settle on something less than perfect. BUT to overpay for something is clear evidence of not understanding its value or why something demands a certain price. Just as you are forced to understand the costs for better condition notes which you cannot afford because it stops you from paying any more to obtain it doesn't mean the reverse is true. Instructing someone to pay more for quality and not to over pay for problems and lacking quality is a big difference and it's one that many collectors often fail to understand, least of all, you two, Numbers and tbud.

I never implied that others ought to collect like I do. I was asked by the OP what the note was worth and I gave my informed evaluation to someone who needed assistance. They can and at this point now, probably already have, made up their minds about this note. I have gone above and beyond to demonstrate how off kilter those opposed to my comments are because you fail to understand that one's decision to over pay for this note, does not mean it is worth that much. Buy a new car off the dealer lot, drive it around the block once, then return to the dealer and try to resell it for the same amount you just bought it for, you're not going to get your money back in full. What you paid is not necessarily what something is worth. Some people buy coins from the Mint and sell them the next day for many multiples of the retail price. It wasn't worth what the person paid for it from the Mint and in a few years, may not be worth those multiple that the second owner bought it for from the first owner who paid retail.

Numbers, you said: "A market for notes like this one does exist; that's my only point."

Of course "a market" for notes like this exists, it's called eBay and sellers are often found falsifying descriptions to make such notes look like authentic errors that are worth exploiting the less informed into paying more for them. Why do you think people come here when they find a slightly misaligned note or one with offset ink smudges, or cut funny like this "strange" note? They are excited by the prospect of flipping one for a lot of money like they see them listed for on eBay. Most are clueless to the amount of fakes on eBay and can't understand, let alone afford, what an actual error note fetches in auctions. They come to forums like this seeking answers because they don't know any better than the "market" trained them to think about such notes. And what do they have to contend with, jokers like you: Numbers and you: tbud, trying to overturn authentic, helpful advice as to the value and grade of, this note.

 

What a laugh! You are just like that little dog in the cartoons that bounces around the foot of the big dogs. LOL! :rollling:

 

Krispy, really?

Completely unnecessary. Can we just keep the comments in this thread related to the opinions on the OP's note? Taking swipes at people does nothing productive.

Please? Thanks.

 

I never deviated from the OP. I never took swipes but corrected errors asserted. I reiterated and defended my thoughts about the OPs note and clarified over and over for these two knuckleheads that I've been discussing this with. Thanks. Completely necessary. Really.

It's your first post in this thread, your comment is the one off topic, and unproductive, why not follow your own advice, eh?

 

No worries; he's obviously just childish and completely ignorant. He apparently watches enough cartoons to know what he's talking about. Now this guy DOESN'T mess around. If I'm the little dog bouncing around the other dogs, what would that make you? I guess it would make you Cruella del Vil and Solyvent must her little guards that are always complementing everything she says but they get smacked around. Too bad cruella has to get in all of our threads and steal our dalmations. The people of this thread shouldn't feel too bad though because cruella also came and ruined one of my threads. Oooopppss! I meant krispy. My bad.

 

As I've pointed out to you before Tbud, no one owns any threads around here and anyone can post where ever they want to. Definitely "your bad"... It's your bad misguided advice that got you into this and other debates and you're having the darnedest time shaking it off as you are completely unable to show any evidence of above face value in the note in question and have been called on it soundly. If you are going to continue to reply, please stay on topic as I have managed to do in each reply defending my initial position on the OPs note.

 

I NEVER SAID THAT IT WAS ABOVE FACE, YET I DID SAY HE SHOULD KEEP IT. You are the knucklehead, pal.

 

That's right you didn't, you offered $2 for it. Like I keep saying, not worth more than face!

You also advocated keeping the note for an OP that came seeking value. We tend to keep things of value and disregard that which is damaged as less valuable. So your comments about holding onto the note do what? Harm the future potential value (if any) of the item in question. Holding onto a damage note worth face for what? Why not spend it on a better undamaged example now, that may actually, eventually, because it's a star without damage, become worth more money over the coarse of time for having been put away. What don't you understand about this entire debate Tbud? It's really not that hard to grasp. Put away notes of quality not those which are damaged problem notes whose value will always be hindered because of it. The balls back in your court, knucklehead.

 

There you go, telling us what to collect. Maybe you should consider toning down your sick twisted version of "being a big help around CT". The dude found a 1976 $2 D*. There are soooooo many people in all those threads I posted a few pages ago that grin and jump up and down just when they find a 2006 $1 B* in VG condition. Oh yeah, thats right, those are just inhabitants of "fantasy island"... Get real and get a life dude. You must just love breaking it to someone that what they found is no good. It must make you feel real great. Once again, it's only $2. It's not $100. $2 today is worth 2 things at the dollar store. Actually, scratch that, you'd need an extra quarter to pay tax! It's also Cleveland, which is a scarcer district amoungst peoples collections. It's 1976 too which yeah I know blah blah blah Series 1976 is common but how common is a 1976 $2 *? Oh and thankw for posting my quote. It only furthormore proves that I see this note as face value. I'm still sure that there is someone out there willing to pay more than face for it, but theres no way to prove that, so I'll stand by my original thoughts of the note; It's not worth a million bucks but it is collectible. Series 1976 won't be common forever. Things do wear out after so long. It's a star note therefor unique and I'm sure that many people would call it a score.

-tbud