Large size currency sheet
logger7
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This sheet sold at auction recently for $6830. How would one go about valuing a sheet like this?
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logger7
Posts: 8,847 ✭✭✭✭✭
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A VF sold less than two years ago for just under 2K. Notes from this bank don't appear to come up for sale often, so I'd think depending on who was bidding results would vary, possibly by quite a bit. This sheet is beautiful and has pen signatures. I really don't know the market for NY nationals, but if this sheet was from a bank that I was interested in, I would definitely have bid higher than $6,830.
Considering how it sold relatively cheap, I hope it doesn't get cut up.
Nationals are the most volatile category of paper money to collect! Tougher charter number nationals can experience gaps of 10+ years where no examples come to market for an extended period of time. The next one that is finally offered can sell for half the previous sale at auction or sometimes they go to the moon and sell for 3x-5x what the last example realized! Buy nationals because you love them... don't get too hung up on their value. When you go to sell, you may double your money or lose half of what you have in them! 😉
Another matter on these original mint sheets is that you have a grade in this case of AU where individual choice notes may grade high. The question becomes how do they come up with the AU50 grade?
I don't know... My suspicion is that the sheet is graded whereby the outcome reflects the lowest common denominator- And what I mean by this is that there is one sheet and imperfections even in a limited area of the sheet affects the entire grade.
Experience the World through Numismatics...it's more than you can imagine.
Of course we wouldn't want people to cut up sheets like this, but if they can get some MSppq grades that is a big incentive.
Because the sheet is graded as a single note and not a compilation of notes... the note is AU because of edges and corners
.. the foxing also...
While the 2 middle notes may grade MS the 2 edge notes are low au high xf at best...
But the sheet is graded as one.