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<p>[QUOTE=&quot;Owle, post: 1329403, member: 22004&quot;]In terms of buying rare coins and notes there are also some basic rules.&nbsp; Remember the case where Littleton Coin was offered some rare notes?</p><p><br /></p><p>Here is that case:</p><p><br /></p><p>&quot;The owner said that when he first asked a couple of dealers to appraise coins and 64 other pieces of 19th century paper money he received, he got conflicting answers. One estimated the collection was worth $1,100. A second &quot;spotted something of great interest&quot; and estimated the value at $2,000, the owner said.</p><p>&quot;It just struck me there may be something here worth pursuing,&quot; the owner said, and was referred to Sundman&#039;s company.</p><p>&quot;We told them right away, &#039;This is a big deal,&#039; &quot; Sundman said.</p><p>Of the six such bills known to survive, one is in the Smithsonian Institution and another is in the government&#039;s Bureau of Public Debt, Sundman said. Three are in collectors&#039; hands. The latest is in Littleton&#039;s vault, awaiting auction next spring.</p><p>A similar $20 bill discovered last year sold at auction for $528,000, he said.&quot;</p><p><br /></p><p><a href="http://articles.latimes.com/2000/dec/03/news/mn-60489" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://articles.latimes.com/2000/dec/03/news/mn-60489" rel="nofollow">http://articles.latimes.com/2000/dec/03/news/mn-60489</a></p><p><br /></p><p>Could Littleton (by no means a company known for fair prices paid for material they buy) have gotten those notes cheap?&nbsp; You betcha!&nbsp; As a certified appraisal company, would they have risked legal charges had they then made a 10,000% profit?&nbsp; Probably, it depends whether the seller became aware of it, had a shrewd enough lawyer take the case on, and won.[/QUOTE]</p><p><br /></p>

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