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TheRock Show full post »
 
MEC2
I have a 1928F *....it stands alone as the finest known....PMG 67.  I bought it ten years ago.


Pics or it's just talk! Heck, we just like to look...
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brokenshoulder
I would like to post a pic of it but it is in a bank vault safety deposit box. The bank is allowing its customers drive-up services only until this virus thing is over.
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larry510


Overrated note and prices have been adjusting downward accordingly
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synchr
cashhound wrote:
Wow! Talk about reviving a thread.
True, but I did a search and this was the most recent thread on what caught my eye when perusing the auctions; a $2 1928 plain Star note.   I've only seen a handful and they are such a gorgeous series that I hope you'll join in on the continuing discussion of a beautiful series star note. 
How many have you held in your lifetime?
Thanks and Happy Collecting!
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synchr
5 more days....
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HoneyBadger
These are nice notes...beautiful, bright white paper, ruby red seals, and rich black inks...and totally overrated. For the life of me I cannot understand why people would pay so much for these.

http://1928notes.com/?q=node/4#228STARS

My data indicates a number of substantial runs in high grade. I understand that $2 bills are seemingly always in demand, but this note is not rare by any stretch of the imagination.

It is very similar to the $5 1928/1928A FRN Chicago Stars...neither of which are rare...both having the potential for large UNC/GEM runs.

Don't get me wrong, it is a very nice note, but dealers tend to ask way too much for it. At a show I was at last year I had a dealer try to tell me that $3,000 was a good price for a 64EPQ. 🙄
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:
These are nice notes...beautiful, bright white paper, ruby red seals, and rich black inks...and totally overrated. For the life of me I cannot understand why people would pay so much for these.

http://1928notes.com/?q=node/4#228STARS

My data indicates a number of substantial runs in high grade. I understand that $2 bills are seemingly always in demand, but this note is not rare by any stretch of the imagination.

It is very similar to the $5 1928/1928A FRN Chicago Stars...neither of which are rare...both having the potential for large UNC/GEM runs.

Don't get me wrong, it is a very nice note, but dealers tend to ask way too much for it. At a show I was at last year I had a dealer try to tell me that $3,000 was a good price for a 64EPQ. 🙄


You are absolutely correct.  Glad to have someone here who thinks like I do. 😃  I've owned two of the CU's in census.  *00410277A and *00410366A.  I sold the 277 ending a couple of years ago in a 63epq holder for $850 to a forum member.  I still have the 366 ending which is also a 63epq.  Guess how much I paid for these back in 1989?  $95 each.  That's all they were going for back then as dealers recognized the wide availability and didn't try to artificially create big value for them like they do now.  Unfortunately it's a whole different ballgame today.   These should be $500-$800 notes in my opinion.  Not $1500+
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HoneyBadger
larry510 wrote:
You are absolutely correct.  Glad to have someone here who thinks like I do. 😃


We have become the resident “Debbie Downers” around here, Larry. Somebody has got to do it. 😁
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, you can update my two in the census as UNC.  Both are certified choice UNC by PMG
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HoneyBadger
Larry, will do tomorrow when I get back to my desktop at the office. My website is difficult to update on iPad/Phone for some reason. Thanks! 😃
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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synchr


Sold for $960
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larry510
synchr wrote:


Sold for $960


That's pretty reasonable I guess.  
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mebid2much
larry510 wrote:


That's pretty reasonable I guess.  

+1
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EarlySmallSizeFanatic
A bit overpriced IMO. 

These are rather common notes and in CCU grades should not be more than $750. I can see $950 for a run of the mill 65.
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HoneyBadger
I guess I was wise to pass on that dealers $3,000 “hot deal” for a 64EPQ. 🙄
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
This is exactly why we need a new small size book.  The 10th edition of S&L (2010) has these valued at $2,000 in Choice and $4,000 in gem.  Those are very outdated numbers and a new edition of a small size book can help correct valuations and bring prices closer to where they should be on a lot of things.  Some of the prices in that old book are also very low on some of the more rare notes.  
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mebid2much
larry510 wrote:
This is exactly why we need a new small size book.  The 10th edition of S&L (2010) has these valued at $2,000 in Choice and $4,000 in gem.  Those are very outdated numbers and a new edition of a small size book can help correct valuations and bring prices closer to where they should be on a lot of things.  Some of the prices in that old book are also very low on some of the more rare notes.  
+1
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