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+