Anyone here win this tough $5 Mule last night on HA?

Tookybandit · December 9, 2015 5:45AM

Great note! I cried uncle, did it at least go to a fellow board member?

techwriter · December 9, 2015 7:30AM

I looked long and hard at it, unfortunately did not squeeze the trigger.

Maxcrusha · December 9, 2015 7:31AM

is $940 a good price? overpriced?

Tookybandit · December 9, 2015 7:55AM

It's pricey at that level. Granted it's a tough note, but it went for nearly double the book of $500 in CCU. There are 6 graded total by both services with two higher in 64Q.

gnat · December 9, 2015 7:57AM

Looks like you forced them to pay all the money.

But, these Mules are rare enough that if two people want one, prices will reflect this.

All the known CU examples came to light a few years ago and were quickly snatched up. And, the other examples are still locked up in long term collections.

SmallSizedGuy · December 9, 2015 8:09AM

A note in demand right now. Not very many out there for collectors looking for CU examples.

I have the 91 ending note.

luckybucks · December 9, 2015 8:30AM

Tough note for sure.

Looks like someone REALLY wanted that one.

gnat · December 9, 2015 9:17AM

Interestingly enough, there are actually only 5 TPG CU graded examples. This very note was previously in a PCGS 63PPQ holder.

larry510 · December 9, 2015 10:47AM

I know who the underbidder was but no idea who won it.

garrynot · December 10, 2015 12:45AM

Can I ask why it is a mule?

gnat · December 10, 2015 1:37AM

It has micro back plate 637. PMG holder of course fails to note that. Micro back plates 629 and 637 have a fascinating history and created a wide variety of scarce and rare Mules (and some ultra rare 1934 Non- Mules) on $5 FRNs, USNs and SCs.

SmallSizedGuy · December 10, 2015 8:27AM

If I needed this note, I would have bought it at these levels. I believe there is a prior auction result somewhere for a $5 FRN 1934-C St. Louis mule that sold for a lot more than the 1934-B mule.

techwriter · December 10, 2015 8:45AM

Since I didn't need it I was just an observer. Wanted it but pulling the trigger at that price this close to Christmas AND the limit of my budget, I passed. Someone got a really nice note!!

grip · December 10, 2015 10:44PM

Someone have a picture of the micro back plate?

gnat · December 11, 2015 1:26AM

I tried, to no avail, to post a link to a Mule Thread, but the new software is thwarting my feeble efforts. So, I bumped that Thread to the first page. If you scroll down in that thread you will see examples of both the 637 and 629 back plates and a simple explanation of these mules.

larry510 · December 11, 2015 4:00AM

The new forum software is just awful. I still can't figure out the private messaging system half the time and using an android device leaves some features and links useless.

numbersman · December 11, 2015 4:11AM

try this

synchr · December 12, 2015 12:32PM

Originally posted by: grip
Someone have a picture of the micro back plate?

Don't you hate PMG for not putting the plate numbers on the holders.
PCGS is the complete grading solution

luckybucks · December 12, 2015 9:22PM

Originally posted by: garrynot

Can I ask why it is a mule?

A mule is an animal with long funny ears, kicks up at anything he hears. :c)

A mule is a note with a small plate number on one side of the note, and a larger plate number on the other.

They can be found mostly on 1934 / 1934 A notes, as well as 1935 / 1935A $1's, 1928C/D $2's, and 1928B/C $5 Legal Tenders. There were some leftover micro backplates in the $5's, so 1934B and C saw mules as well, along with 1928D and E $5 LT's.

Jim61 · December 12, 2015 10:13PM

A mule is a note with a small plate number on one side of the note, and a larger plate number on the other.

And a mule does not have to have different size plate numbers. An example, there are mules of the first 1963 $1 FRNs with new front plates that used the back plates from the old 1957B $1 SCs which are the same size.

Therefore a more generic definition of a mule would be when a plate used on one side is from the current series and is paired with a plate used from the previous series on the other side - same sizes or different sizes plate numbers.

These are fairly common in many series of $1 FRNs.

garrynot · December 13, 2015 9:08AM

Originally posted by: gnat

It has micro back plate 637. PMG holder of course fails to note that. Micro back plates 629 and 637 have a fascinating history and created a wide variety of scarce and rare Mules (and some ultra rare 1934 Non- Mules) on $5 FRNs, USNs and SCs.

Nice. Thanks.

garrynot · December 13, 2015 9:09AM

Originally posted by: luckybucks

Originally posted by: garrynot

Can I ask why it is a mule?

A mule is an animal with long funny ears, kicks up at anything he hears. :c)

A mule is a note with a small plate number on one side of the note, and a larger plate number on the other.

They can be found mostly on 1934 / 1934 A notes, as well as 1935 / 1935A $1's, 1928C/D $2's, and 1928B/C $5 Legal Tenders. There were some leftover micro backplates in the $5's, so 1934B and C saw mules as well, along with 1928D and E $5 LT's.

Thanks!

gnat · December 14, 2015 3:42AM

Moved to friendlier turf.

Tookybandit · December 14, 2015 5:11AM

DanCong · December 14, 2015 9:14AM

beautiful notes and very well put together educational material - thanks

steve42 · January 16, 2017 4:21PM

Gnat,
Just realized your 1934A $5 FED MULE (San Francisco) is a 637. What a wonderful note. I wonder the story of how you got it.
Your 1934 Mule Dark Blue-Green is serial number L00274087*. I just got L00274083* (PMG 65 EPQ) There is another PMG 65 that is supposed to be in a March Auction. Steve

gnat · January 17, 2017 11:30AM

Steve, I really don't post (or even visit) much over here anymore. I would be interested in seeing the 1934 SF Mule Star coming up in the March (SB?) sale. There was a small run of these that came to light many years ago.

The 1934A SF Mule Star came from a Forum member who was kind enough to sell it to me. It and a Chicago 1934A Mule Star are the only two examples known of this rare variety.

synchr · February 28, 2017 10:24AM

Sweet note, undervalued but it is a specialty area

Anyone here win this tough $5 Mule last night on HA?

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