PMG is the Official Grading Service of the Paper Money Forum
It seems like these days that 66Q is the new number of choice among the fashionable collector. I have noticed a number of notes going right on up to 65Q, bringing fair to reasonable money, but the moment a 66Q hits the runway, it’s front cover, big money.

My question is why? What is it about 66 that makes a note go stratospheric?

I have seen it in my yet-to-be-revealed $10 FRN collection. A lot of these 65Q notes are a bargain, quite frankly.
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
Quote 0
My completely uneducated guess is that people perceive 66 notes as substantially rarer then 65 notes and thus inherently much more valuable. I would not be able to tell a 66 from a 65, so I would not give a premium to 66 notes.  Clearly though many people can tell - or think they can-   so the perceived    rarer 66 notes are much more highly valued than 65 notes...
   A interesting question is if one were to take 100 "66" notes and 100 "65"    notes and  resubmit them to the same grading service - what would be the reproducibility of grading.  If their grading is not at least mostly reproducible and you  can't reliably distinguish between 66 and 65 notes, then a large premium for 66 notes is not warranted, and people are just being seduced by the numbers.. If grading though is reproducible,  66 notes could be worth whatever seemingly irrational (to those of us who can't really tell 66 from 65)    premium since numismatists highly value rarity.
Quote 1
But many recently graded PMG 66's are really 65's but people overpay for them anyway because they don't know any better.  PMG's grading has been abysmal lately.  Always buy the note and not the holder.  I would pay more for a really great 65 that arguably should have been a 66 than I would for a weak 66 that looks 65 at best.
Quote 0
Steve in Tampa
Theodore Roosevelt said it best, “ Comparison is the thief of joy.”
I thank my lucky stars everyday that I never got caught up in competing in Registry sets. Someone, somewhere will always have something nicer than yours. It’s probably one of the biggest reasons why the vast majority of my notes are ungraded. 
Quote 1
I feel that 66's are a waste of money (unless they can be had at a fair price and are properly graded.)

I may try for one or two 67's in the $1 SC star collection, but will not pay stupid money for them. I can see a 1935C or 1935D star in 67 going for $300 ish.
Quote 0
I'm glad I collect Nationals where 30 is the new black....
Quote 3
I love me some 66! Click image for larger version - Name: 20200730_155856.jpg, Views: 41, Size: 2.41 MB
Quote 3
HoneyBadger wrote:
It seems like these days that 66Q is the new number of choice among the fashionable collector...

A lot of these 65Q notes are a bargain, quite frankly.

I agree.  I have seen some beautiful 64s and 65s, even some very attractive 63s.  I am a sucker for original notes with punch through embossing, even in the 63 and 64 grades.

Want to increase your knowledge about US small sized currency? Find interesting tidbits about US small size currency:

Quote 2
66 vs 65 is a bit of a crap shoot... I've seen 65s as nice or nicer than 66 and other 65s that should have been 64... Look at what is in the holder. Cut and color matter a lot (certainly for CSA and obsolete)... more than EPQ/PPQ (which is on all 65s and 66s anyway). 
Quote 1
Forum Sponsors