Help with value on this
erwindoc
Posts: 5,117 ✭✭✭✭✭
A patient gave me this today that he picked up on one of his trips. I am not a paper money guy, but thought Id ask the pro's here.
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Decent example of a pretty common note,Value is around $100 retail.
Thanks! He got it at auction, so I have no idea what he paid for it.
Nice note, and great patient!!!
It was a very nice gesture by your patient. Although I have heard from dealers that common nationals are not selling very well at all. I would include that Brookville, IN as more or less a common national. With that hard vertical fold through the portrait, brown spot in the number 6, and small ink spot on the back...I think your looking at more $70 to $80 range. If it was in nicer shape without the ink/spots then I think numbersman is spot on in his assessment.
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"Don't look a gift horse in the mouth", (unless you are a veterinarian.)
It's a very nice, thoughtful gift, presuming that you have a connection to Brookville, IN.
If not, then it's just a common national to us jaded collectors. But to a non collector, it could be a doorway into a fascinating monetary system that evolved from a similar but more flawed system of locally issued money and was replaced by the Federal Reserve and it's paper money during 20th century.
Nope, no real connection to the area in question and Im not a paper collector. My patient knows I am a coin guy and he told me that while at an auction in the area, this lot came up and he thought of me. What can I say, he was just being very thoughtful and I I loved it! Its great being a small town doc at times!
It's a nice gift choice for a numismatist.
It just may spark an interest in exploring something new, numismatically, even if it isn't national bank notes.
Hi Doc,
The note at hand is a Type 1 $10 small size National Bank Note from the National Brookville Bank of Brookville, Indiana. The bank was chartered in June, 1905, and issued $1,217,990 in currency under Charter # 7805.
According to Kelly, there are approximately 40 small size nationals known to the collecting community on this bank, and as TennisCoach and numbersman opine above, would probably sell around $80-$100 to an interested collector. Your note appears to be in around Very Fine condition with no serious problems. Collectors of National Bank Notes are not as quality conscious as type note collectors, and that's a plus for you.
Very nice circulation find.
Why do some TPG notes that have had some restoration noted on the holder get the "apparent/net" grade and others do not. Is it dependent on the amount of restoration or the quality of the restoration? Again I am not sure why some get the "kiss" and some don't.
cshrew:
PCGS and PMG both frequently drop the ball on this issue. I've seen doctored notes that have gotten away without a net or apparent attached to the grade, and have a seen those descriptions on notes that appear to be undoctored. As with all TPG notes, it often depends on whose observing the note at the grading service. I had a note removed from a PCGS holder that was graded AU 55 and sent it to PMG where it got a 58. Conversely I sent a PMG note that noted a "foreign substance" on the note to PCGS and they missed that bit of crud entirely.
TPG grading is OK for buying sight unseen with certain coins, but with notes, anything goes--you have to make your own evaluation in the end.