PopReport Figures versus Market Value

TheRock

Here is a question that has bothered me for many years and I still do not have the answer to it, so maybe you guys can help.



Scenario:

While looking up a $1 SC (Let's Say NARROW - "Any Block but a tougher one" - $75.00 note in GEM66) for this discussion, you see that there are 2 x65's, 2 x 66's & 2 x 67's



You have 10 consecutive notes from the very same block. All will grade 65, 66, 67+.



Question: Do you send all (10) in to get the grades?



Assume you get a 50/50 split of 66's/67's. Did you just kill the Pop Report and Value of the $75.00 note. You have now made the Pop Report reflect (6) 66's & (7) 67's.



I have always wondered this but I don't enough to come to a good answer.



Any ideas?

Tookybandit

If you want to sell them all you might as well have them graded. If you are going to keep them, leave them raw so it does not inflate the pop numbers. If it was a much more expensive note then they always say trickle them out slowly to maximize your auction realized prices.

larry510

Slow roll them over a period of time. Don't pollute the pop report.

luckybucks

For tougher block notes, might as well grade them all. The market should easily absorb ten notes. There is a finite amount of quantity when you are talking about a tougher block.



If prices of that note sharply drop, over ten new notes in the census, then the current prices for those notes are inflated.

TheRock

Thanks guys.



It has always puzzled me what to do since I buy so many "GROUP" or "DISTRICT" sets from an auction as what to do when you get so many notes.



Another great example was this last Lyn Knight auction. I bought (7) lots of FRN's spanning from the 1950 series to the 2001 series. I think the total count of notes was over 400+ notes.



The market as far as I can see wants them graded as they are too lazy to take the time and learn how to grade, which is fine with me. However, then the OP question comes into play as you will get some saturation of many blocks and star's.



I'm very familiar with slowly leaking notes out, but when you get notes that you know at least 6-10 want and are willing to pay very good money for them, then your kind of stuck with the same question again.



Maybe there is no good answer, but I figured I would ask as this has been an issue for me for years now and I think it will continue to be.



Thanks again everyone !!

Jim61

Hey Rock,



Looking from a sellers point of view from my limited experience, I would grade them one at a time and sell at auction with a wide spacing to maximize your profit.



I had an experience where I put a scarce note in auction and did not know a few others put the same note in the same auction. The results were bad with a glut of the same scarce note being sold at the same time.



Good luck with your decision.

techwriter

SmallSizedGuy

You stated they were NOT tougher blocks. All the replies above are for tougher blocks. My take - I don't think it really matters. There are enough type collectors out there to absorb them.

synchr

Recent discussiion reveals enough to conjecture that PMG and PCGS are aware of each other's crossover notes and once crossed over they are removed from teh prior registry.

Considering that, split them 50/50 to each grading agency!

KT5Silver

Neither company removes them from their pop reports for numerous reasons. In fact I used to send PMG their holders after I crossed the note at PCGS to no avail.

DepressionscripGuy

Originally posted by: synchr

Recent discussiion reveals enough to conjecture that PMG and PCGS are aware of each other's crossover notes and once crossed over they are removed from teh prior registry.



Considering that, split them 50/50 to each grading agency!

I doubt they remove them.... the name of the game is qty graded for lack of a better word "bragging rights". Especially now with the new Ebay requirements that you have to have so many notes graded and in a database to be an acceptable grading service. So why would they remove a note and drop their counts for work done.