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general paper money comments

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coins86 View Drop Down
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    Posted: 27 Dec 2009 at 1:55am
a lot of my collecting has been an experiment.  I had some paper money that I took to a dealer to get rid of.   I had a nice pack of 50 consecutive 1957 $1 silver certificates.    I wont say what I paid for those.  but I took a loss on those.   The guy gave me $100 on $50 face value.   when I visited the guy a few weeks later, he said when he took the stuff to a dealer friend of his who was buying the stuff, he said the pack of $50 certiifcates were rough on the edges, from counting or whatever.  they werent true mint uncirculated.     I also sold him two 1928 fifty dollar bills, consecutive serial numbers, and three 1934 consecutive serial numers.   I got I think $60 each.   He said his buddy would get probably $65 each.    A:  is the paper currency market severely down, as this dealer says?   He says coins are hot, and paper currency is not.   B:  is it true, consecutive serial numbers is a gimmick to inflate prices, and that collectors in general are not concerned with consecutive serial numbers?    to sum it all up, I guess I shouldnt get too excited with small currency stuff? 
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SeanRivera View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SeanRivera Quote  Post ReplyReply Direct Link To This Post Posted: 29 Nov 2010 at 3:03am
A  lot of my collecting has been an experiment.  I had some paper money that I took to a dealer to get rid of.   I had a nice pack of 50 consecutive 1957 $1 silver certificates.    I wont say what I paid for those.  but I took a loss on those.   The guy gave me $100 on $50 face value.   when I visited the guy a few weeks later, he said when he took the stuff to a dealer friend of his who was buying the stuff, he said the pack of $50 certiifcates were rough on the edges, from counting or whatever
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sdcoinguy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sdcoinguy Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2010 at 2:22pm
i would say stick to coins. just my 2 cents
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SeanRivera1 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SeanRivera1 Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 4:22am
I appreciate your discussions.  A  lot of my collecting has been an experiment.  I had some paper money that I took to a dealer to get rid of.   I had a nice pack of 50 consecutive 1957 $1 silver certificates.   I wont say what I paid for those.  but I took a loss on those.
www.bullrally.com
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morgan-lover View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote morgan-lover Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 6:36am
Hey, 

You should have tried to sell to your fellow forum members.  You're never going to get what you paid for them because whoever sold them to you had their profit built into the sell price.  When you sell to a deller, he does the opposite... he buys at a price that allows him to add his profit and overhead.
May God bless and prosper you in all that you do in His name,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KathyNumismatis Quote  Post ReplyReply Direct Link To This Post Posted: 21 Jan 2011 at 8:05am
The paper money market was down some during the recession, but it is much stronger again. Our FUN Signature Currency Auction a few weeks ago realized $7.8 million!
 
Consecutive serial numbered notes are desirable in some cases. As with coins, the condition of paper money is important for the highest price realized. Edge bumps, light folds, etc. are all grade limiting factors.
 
Also, as with coins, some portions of the market are hotter than others at various times (I collect coins, tokens, medals, and paper) and of course the scarcer items are always in demand. Some of the appealing things about collecting paper money for me are that the ties to history can be stronger than with coins and some of the engravings and colors are fantastic.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote morgan-lover Quote  Post ReplyReply Direct Link To This Post Posted: 22 Feb 2011 at 4:42pm
It has happened to the best of us; including me.  I got taken for over $40k because I didn't know what I had and I didn't take the time to research.
May God bless and prosper you in all that you do in His name,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote morgan-lover Quote  Post ReplyReply Direct Link To This Post Posted: 24 Feb 2011 at 11:48am
Hate to say it but man, you got taken real bad.  I hate dealers... when they buy, they low ball you at least 7-10% below what you are selling and then sell to you at 10% more... so they are making at least 20% on you.
May God bless and prosper you in all that you do in His name,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tamjid Wafaa Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2013 at 12:10am
A Federal Reserve Note, also a United States banknote or U.S. banknote, is a type of banknote used in the United States of America. Denominated in United States dollars, Federal Reserve Notes are printed by the United States Bureau of Engraving and Printing on paper made byCrane & Co. of Dalton, Massachusetts. Federal Reserve Notes are the only type of U.S. banknote currently produced. They are distinct from Federal Reserve Bank Notes, each of which was issued (until 1971) and backed by one, rather than all collectively, of the twelve Federal Reserve Banks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote arnoldous Quote  Post ReplyReply Direct Link To This Post Posted: 04 Aug 2013 at 10:42pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote arnoldous Quote  Post ReplyReply Direct Link To This Post Posted: 04 Aug 2013 at 10:44pm
Currently i am totally confused how i define the general paper money it's so difficult this time for me thank you.
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