$500/$1000 FRN

Looking at adding these to my collection. Would like for some direction.
Would you only buy certified examples to eliminate buying a counterfiet? or
are counterfeit notes not a concern?

"randiR" wrote in message
. ..
Looking at adding these to my collection. Would like for some direction.
Would you only buy certified examples to eliminate buying a counterfiet?
or
are counterfeit notes not a concern?



If your are referring to slabbed notes they should be avoided like the
plague.

Buying from a long established dealer will remove any worries about
counterfeits, if they sell you one they will take it back. Billy

In article ,
note.boy wrote:
If your are referring to slabbed notes they should be avoided like
the plague.

As a very minor / novice collector: what's the reason(s)?

--
Tim McDaniel,

"Tim McDaniel" wrote in message
...
In article ,
note.boy wrote:
If your are referring to slabbed notes they should be avoided like
the plague.

As a very minor / novice collector: what's the reason(s)?

--
Tim McDaniel,

For the same reasons that slabbed coins should be avoided. I should mention
that I live in the UK.

By IBNS grading standards a note is either uncirculated, or it's not, and
there are no degrees of uncirculated. Why is it then that the note slabbers
have several grades of uncirculated and have flowery descriptions?

The answer is to part the gullible from their cash. Billy

Billy,

I agree that it's unnecessary to pay someone else to grade a note for you,
but if someone wants to do so, it's their business.

As for UNC is UNC, I'm not sure I agree. True, the IBNS grading standards
don't make any mention of subgrades of UNC, but clearly there can be
differences. For example, some UNC notes are perfectly centered, whereas
others are cut on a bias or printed more towards one edge than another. All
things being equal, I would prefer to own a more perfect UNC note than not.
But I'm unlikely to ever pay a large premium for the luxury of having
someone else tell me what's obvious to my own eyes.


On 6/4/07 2:00 PM, in article ,
"note.boy" wrote:


"Tim McDaniel" wrote in message
...
In article ,
note.boy wrote:
If your are referring to slabbed notes they should be avoided like
the plague.

As a very minor / novice collector: what's the reason(s)?

--
Tim McDaniel,

For the same reasons that slabbed coins should be avoided. I should mention
that I live in the UK.

By IBNS grading standards a note is either uncirculated, or it's not, and
there are no degrees of uncirculated. Why is it then that the note slabbers
have several grades of uncirculated and have flowery descriptions?

The answer is to part the gullible from their cash. Billy

In article ,
note.boy wrote:

"Tim McDaniel" wrote in message
...
In article ,
note.boy wrote:
If your are referring to slabbed notes they should be avoided like
the plague.

As a very minor / novice collector: what's the reason(s)?

For the same reasons that slabbed coins should be avoided.

*sigh*
As a very minor / novice collector: what's the reason(s) for avoiding
slabbed COINS?

If you answer "For the same reasons that slabbed notes should be
avoided", I'll have to send Guido and Vinnie over to beat you with an
eternal golden braid.

From your other comments (which I snipped), perhaps it's not the
physical process of slabbing per se, but because the slabbers grade
the items and draw overly fine or meaningless distinctions?

--
Tim McDaniel,

On Jun 5, 12:08 pm, (Tim McDaniel) wrote:
In article ,

note.boy wrote:

"Tim McDaniel" wrote in message
...
In article ,
note.boy wrote:
If your are referring to slabbed notes they should be avoided like
the plague.

As a very minor / novice collector: what's the reason(s)?

For the same reasons that slabbed coins should be avoided.

*sigh*
As a very minor / novice collector: what's the reason(s) for avoiding
slabbed COINS?

If you answer "For the same reasons that slabbed notes should be
avoided", I'll have to send Guido and Vinnie over to beat you with an
eternal golden braid.

From your other comments (which I snipped), perhaps it's not the
physical process of slabbing per se, but because the slabbers grade
the items and draw overly fine or meaningless distinctions?

--
Tim McDaniel,

Generally notes which have been slabbed sell for a premium. There is
also no guarantee that a slabbed note is genuine . Known replicas have
been slabbed by certain companies. There have also been instances of
fake or altered certification.

Buy notes from reputable dealers and reputable auction houses or
obtain enough knowledge to make informed decisions. Buying from a
reputable dealer has additional benefits as they often are happy to
pass on some of their years of experience. Some free advise from
numismatic dealers that I regularly buy from have saved me from making
expensive mistakes in the past. Join a local numismatic society or
club - more experienced members are often more than happy to talk
about their hobby.

Gain knowledge before making expensive purchases. Bargains are forever
so don't feel you will never have an opportunity again. Expensive
mistakes can take a long time to recover from. If it looks dodgy avoid
it. Especially on ebay - If the seller is vague and implies things
without providing guarantees they are probably trying to entice
someone into thinking it is something that it is not.

Classic ones are - "It looks real old - I found it in my grandma's
attic." Read - "Grandma gave it to me from the attic of her 2 year old
home - she got it out of a breakfast cerial box a few years ago but
hopefully someone will think it is real and pay me lots of $ for it.."

I know someone that owns a Mack:

http://www.banknotebank.com/coin_vie...aspx?id=903458

A fortunate buy right after the dealer bought it.