CPM Forum

General => What's It Worth? => Topic started by: Art_1_ Paper on March 29, 2010, 03:28:39 pm

Title: Gorgeous 1912 Train note
Post by: Art_1_ Paper on March 29, 2010, 03:28:39 pm

Need opinions on the precise grade of this note, thanks.

{attach:4960}

{attach:4961}

Title: Re: Gorgeous 1912 Train note
Post by: JB-2007 on March 29, 2010, 05:54:26 pm

Looks like an AU... Really nice note indeed!  :)

Title: Re: Gorgeous 1912 Train note
Post by: coinsplus on March 29, 2010, 06:36:53 pm

I think it looks like an EF grade. 

Seems to be crease going across the note...  from left to right in the (horizontal)

And then some other (vertical) fold in the middle and quarters of the note. 

To get a 'precise' grade, one would need to see the note in hand.

Title: Re: Gorgeous 1912 Train note
Post by: Bob on March 29, 2010, 06:45:54 pm

This note was offered as a VF when it came up for auction in a Jeffrey Hoare sale in Feb. 1999 (lot #916), and is shown thus in the register.
They generally grade conservatively.

Title: Re: Gorgeous 1912 Train note
Post by: mmars on March 29, 2010, 07:28:26 pm

Maybe it was VF before it was pressed  :(

Title: Re: Gorgeous 1912 Train note
Post by: Bob on March 29, 2010, 07:32:39 pm

That's what I was thinking but I didn't want to be the one to say it. :-X

Title: Re: Gorgeous 1912 Train note
Post by: mmars on March 29, 2010, 07:40:33 pm

I know, I dropped the P bomb  :o  Better run for cover  :-[

Title: Re: Gorgeous 1912 Train note
Post by: Art_1_ Paper on March 29, 2010, 09:59:05 pm

Quote from: Bob on March 29, 2010, 06:45:54 pm

This note was offered as a VF when it came up for auction in a Jeffrey Hoare sale in Feb. 1999 (lot #916), and is shown thus in the register.
They generally grade conservatively.

Yes. VERY conservatively. Quite easily an EF in the market today. But hey, remember the days when one flaw would make a note EF and two flaws a VF ? And when an UNC was just that, an UNC, flawless note. Now we have all kinds of grades.