Track and Price on National

Discussion in 'Paper Money' started by Owle, Feb 9, 2014.

  1. Owle

    Owle Junior Member

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  3. funkee

    funkee Tender, Legal

    Good news and bad news.

    Bad news: There are no auction results in T&P 5.1 for this 1882 Brown Back, with only 1 known in the census.

    Good news: It's probably worth a considerable amount.

    Here's the only result in the census -

    1882 BB | Ch. 246 | Denom: $10 | S/N: 5623 | Plate Position: A | Grade: VG 8

    Your note has serial 3022 (lower left) and would be the 2nd note known. Others might exist, but they are not documented.

    Unfortunately, I can't give you a good estimate of much it's worth. Notes like this are worth what a buyer is willing to pay for it. With confidence, I can say it's not worth less than $500. In all likelihood it's worth considerably more - especially if you find a buyer who wants this specific charter.
     
  4. Owle

    Owle Junior Member

    Thanks, Funkee. Actually I did not win it, the cataloguer assigned a value of under $100 for it. All the currency in that auction went sky high. The Bison and the Chief notes went for $1600 and $1200 plus each which is probably full retail. In numismatically starved Connecticut this type of auction attracts ridiculous bids.
     
  5. funkee

    funkee Tender, Legal

    How much did the Brown Back sell for?
     
  6. Owle

    Owle Junior Member

    $400 plus the buyer's premium. Pre-auction estimate was under $100.
     
  7. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    Shoulda bought it.... That's a good deal for a national with just a couple known.
     
  8. Owle

    Owle Junior Member

    The problem with auction bidding is that if I had gone $500, $600 or $700 someone could have topped me. I had my Kelly national book in the car, which is often double of real market.
     
  9. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    The note is probably a $1,000-$1,200 piece
     
  10. Owle

    Owle Junior Member

    I have had some of the better nationals like this. The problem of getting top dollar can come down to visibility and price. You won't lose any collectors by getting it certified which will cost around $50 including shipping and several weeks.
     
  11. CamaroDMD

    CamaroDMD [Insert Clever Title]

    Maybe...I love National's but I would think obscure one's might be hard to sell. I know some people collect them just for the unique factor...but how many people are looking for a Wrightsville, PA note? On top of that, with so few known to exist...what are the odds that you will be able to track down one of those few who are. For the last several years I have been looking for notes from a particular city...I have bought one because it's all I've really found.

    To the right buyer, that note might be worth $1K+...he just might be hard to find.
     
  12. Owle

    Owle Junior Member

    Agreed. And don't run it without reserve on ebay, I have made mistakes like that where the collectible ends up selling way under what you paid and at that point you have no real options but to let it go.
     
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