$10 Mitchell, Indiana note - please help

Trying to figure out a way to sell this for a friend of the family who has medical bills racking up. Can someone help me with a fair market value and grade? I am a coin person, so know little to nothing about this.




Comments

  • goldengolden Posts: 5,170 ✭✭✭✭✭

    A rare note with only 3 reported in the last Kelly book. Certainly worth several hundred.

  • coin22lovercoin22lover Posts: 2,999 ✭✭✭
    edited August 20, 2018 2:39PM

    I'm assuming this is a date back and grades VF+
    Is the date back worth more? I found a VF20 plain back that sold for $517

  • Timbuk3Timbuk3 Posts: 8,577 ✭✭✭✭✭

    Nice, it's worth having graded !!! :)

    Timbuk3
  • 2ndCharter2ndCharter Posts: 1,204 ✭✭✭

    Nice, it's worth having graded !

    Unless you're going to put it in a major auction, don't waste your money.

    According to the latest census, this is either the fifth or sixth large size to be reported. I can't pin it down any further than that because one note is reported without a grade or serial number. Anyway, this would be the first $10 Date Back to surface from the charter although it would be tough to find an Indiana specialist (if there is one) who would prefer a Date Back over a Plain Back. I do see some minor staining but the note looks solid otherwise and the pen signatures add some appeal. In Heritage's 2016 Long Beach auction, a PMG Very Fine 20 $10 Plain Back sold for $517 and that's the last record of a large size note I can find being offered publicly since 2009. So, I would guess it's probably worth in the $400 to $500 range although a dealer would probably not offer more than $300. If you're going to sell it privately, as I said, don't bother wasting your money on the grading fee. If you decide to go the auction route, slabbing is something to consider but I'm not sure how cost effective it would be. Hope that helps!

  • sellitstoresellitstore Posts: 938 ✭✭✭✭

    Could be of interest to someone named Mitchell. Some people do collect their own names.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip. Ebay listings
  • johnny9434johnny9434 Posts: 18,207 ✭✭✭✭✭

    its nice to see notes like that :)

  • TennisCoachTennisCoach Posts: 222 ✭✭✭

    @2ndCharter said:

    Unless you're going to put it in a major auction, don't waste your money.

    According to the latest census, this is either the fifth or sixth large size to be reported. I can't pin it down any further than that because one note is reported without a grade or serial number. Anyway, this would be the first $10 Date Back to surface from the charter although it would be tough to find an Indiana specialist (if there is one) who would prefer a Date Back over a Plain Back. I do see some minor staining but the note looks solid otherwise and the pen signatures add some appeal. In Heritage's 2016 Long Beach auction, a PMG Very Fine 20 $10 Plain Back sold for $517 and that's the last record of a large size note I can find being offered publicly since 2009. So, I would guess it's probably worth in the $400 to $500 range although a dealer would probably not offer more than $300. If you're going to sell it privately, as I said, don't bother wasting your money on the grading fee. If you decide to go the auction route, slabbing is something to consider but I'm not sure how cost effective it would be. Hope that helps!

    I think 2ndCharter has it mainly correct. However the census numbers might be a bit low. There is at least 1 more $10 that is known but not in the Kelly census. I don't know if it's a date back or a plain back.

    Family, Neighborhood, Community,
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  • mainejoemainejoe Posts: 240 ✭✭

    PM sent

  • MoldnutMoldnut Posts: 2,960 ✭✭✭

    @2ndCharter said:
    Nice, it's worth having graded !

    Unless you're going to put it in a major auction, don't waste your money.

    According to the latest census, this is either the fifth or sixth large size to be reported. I can't pin it down any further than that because one note is reported without a grade or serial number. Anyway, this would be the first $10 Date Back to surface from the charter although it would be tough to find an Indiana specialist (if there is one) who would prefer a Date Back over a Plain Back. I do see some minor staining but the note looks solid otherwise and the pen signatures add some appeal. In Heritage's 2016 Long Beach auction, a PMG Very Fine 20 $10 Plain Back sold for $517 and that's the last record of a large size note I can find being offered publicly since 2009. So, I would guess it's probably worth in the $400 to $500 range although a dealer would probably not offer more than $300. If you're going to sell it privately, as I said, don't bother wasting your money on the grading fee. If you decide to go the auction route, slabbing is something to consider but I'm not sure how cost effective it would be. Hope that helps!

    Guess the OP found info leading to a different number.

    Derek

    EAC 6024
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