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larry510
On what planet is a $5 1934C SC NA block narrow in AU worth bidding $750+ with an estimate of $1500-$2000??  That's completely baffling.  I recently won this same note NA block narrow in 58Q for  $192 including BP.  Hardly anyone cared.  Now all of a sudden because it's hyped as a Glasser note it's suddenly a $1500 estimate note??       20200915_145229.jpg 20200915_144909.jpg 
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larry510
Here's another stupid example.  PA block narrow in 66epq with an estimate of $3000-$4000?  Are you kidding me?  Now I get that it's not easy to find in that grade but come on.  I paid $220 for my 64Q a couple of years ago which is a really nice note but not as well centered.  I paid $350 for a 65Q a while back.  But slap a Glasser pedigree on it and suddenly it goes to the moon.  🙄🤔 Screenshot_20200915-144234_Chrome.jpg
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jhodgson
Some of the notes are truly rare.  Most of those notes already have several bids.

I am really curious to see what the $5 SC 1934-B MA sells for.  This note is by far the rarest block (not including varieties) for the entire Series 1934/1953 printings.

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

https://www.facebook.com/American-Paper-Connection-Inc-585643014808093/?ref=bookmarks
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larry510
jhodgson wrote:
Some of the notes are truly rare.  Most of those notes already have several bids.

I am really curious to see what the $5 SC 1934-B MA sells for.  This note is by far the rarest block (not including varieties) for the entire Series 1934/1953 printings.


Obviously the 34B MA is in a different class and totally should go for thousands.  But the examples I showed above are not rare notes.  Certainly shouldn't have estimates like that.
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mebid2much
I can never understand why people will pay moon prices for pedigrees?😔
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HoneyBadger
Larry is speaking much truth here! “Glasser Mania” has gone too far. Sure the truly rare stuff is worth paying money for but my word, some of these bids are absolutely crazy.

Don’t take this as a slam on Mr. Glasser, I am sure he was a wonderful person and an enthusiastic promoter of this hobby. It’s more about the silliness of how people are reacting to these sales. 

I have recently paid a fraction of what some of these items are selling for myself. There is no reason, based on population reports, to go this far on some of these notes. Unless people are paying for the pedigree...I dunno.

And another thing...there is a very big elephant in the room here. Quite a number of these notes have very serious problems. Problems that are not being fully explored because of this virus situation. It’s a shame most bidders are not likely to view these note until after they purchase them.


Now wait for it...someone is going to say, “I knew HoneyBadger was going to chime in on this one!” In 3...2...1... Ã°Å¸ËœÂ
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.
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larry510
$5 1934B SC star is a good note in 66epq.  But it's definitely an overrated note in uncirculated.  Can't understand why someone would bid $3000 on one that has issues.  Toned lower corner on reverse and ugly green ink splash.  With a corner issue like that this note is a 64 no Q and not worth anywhere close to $300020200915_153931.jpg  20200915_154003.jpg  20200915_153945.jpg 
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EarlySmallSizeFanatic
A fool and his money are soon parted.

The Glasser Collection had some truly outstanding notes, but a common note is a common note.
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HoneyBadger
⬆️ Yup!
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.
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larry510
I have a list of at least 5 high profile notes that I feel should not have received the grades that they did including EPQ.  I'm talking toning, rust, centering, etc.  Unfortunately not everyone knows how to grade and will just take the word of the plastic holder when bidding.
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larry510
A fool and his money are soon parted.


Good saying!  My dad used to tell me that exact line when I was a kid.
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TookyBandit
Some of the estimates are a bit optimistic. However, it’s par for the course when this caliber of material comes to market. It has been a great year for auctions with strong results despite the rampant cynicism.
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larry510
Hey I'm actually going to enjoy this.  It's good entertainment watching prices get driven up by people buying the plastic and pedigree and paying stupid money for notes that have issues and were overgraded.  Can't wait for the drama.  😁👋.  At least this may help bump up values of notes in my collection too as track and price will get a boost.
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HoneyBadger
Member of the Rampant Cynicism Club (Life Member #0002), reporting for duty.
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.
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larry510
HoneyBadger wrote:
Member of the Rampant Cynicism Club (Life Member #0002), reporting for duty.


I'm also known as the Salty Dawg.  Definitely salty about this auction! 😁
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HoneyBadger
larry510 wrote:


I'm also known as the Salty Dawg.  Definitely salty about this auction! 😁



That is why I left open the spot for Life Member #0001. 😄 😉
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.
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larry510
HoneyBadger wrote:



That is why I left open the spot for Life Member #0001. 😄 😉


I gladly accept it and consider it a badge of honor for being one of the few to speak out and tell it like it is. A lot of people are afraid to do that here because of politics
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TookyBandit
What’s that old saying? Opinions are like “....“ everybody has one 😯 🤣 
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Numbersman
I knew HoneyBadger was going to chime in on this one!
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larry510
Nothing in my posts above is an opinion.  It is facts.  Show me examples of comparable notes that have sold anywhere close to those estimates.  And it's not an opinion that some of those notes are overgraded.  I can certainly show detailed pics of rust, discoloration, stains, that would prohibit EPQ.  
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TookyBandit
Seemed like a good moment to antagonize... I’ve got to be really careful, honey badger 🦡 might be slowly bringing me over to the dark side.
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jhodgson
I’m not going into details, but I sold a rare $5 SC in a PMG-65 EPQ at KC in 2019 for significantly more money than the current price of the same note in a 64 EPQ holder.  There are still some notes I am seriously tracking.

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

https://www.facebook.com/American-Paper-Connection-Inc-585643014808093/?ref=bookmarks
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larry510
jhodgson wrote:
I’m not going into details, but I sold a rare $5 SC in a PMG-65 EPQ at KC in 2019 for significantly more money than the current price of the same note in a 64 EPQ holder.  There are still some notes I am seriously tracking.


Nobody is questioning the entire auction and we all realize that there are some great notes in there that are properly graded and maybe there will be a bargain or two.  Once again my issue with the auction is limited to specific notes with unusually high estimates that make zero sense, and notes that have obvious flaws but are getting bid up like they don't have those flaws.  
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HoneyBadger
TookyBandit wrote:
Seemed like a good moment to antagonize... I’ve got to be really careful, honey badger 🦡 might be slowly bringing me over to the dark side.


Emperor.jpg 
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.
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TookyBandit
Well the market spoke last night loud and clear! There were a few lots that passed, but countless lots crushed their estimates especially in the small size arena! I’m happy the market has been so alive this year despite all the impending doom and gloom of 2020 woes on television 📺 🤣
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