A deal is in the eye of the buyer, and sometimes observers!
So lets look at what we have here. The note is graded by PMG as AU 50 “NET”. What does not mean? Well according to PMG,
"Some notes fail to make the grade, so to speak. For example, notes which have a corner missing, are stained or been damaged due to most any adverse occurrence after leaving the BEP will be net graded. This means that instead of no grading it, PMG will holder and authenticate it as a "Net Grade". PMG will specifically state the reason(s) any note is net graded. The PMG guarantee is not valid on any net graded note."
There is no PMG guarantee that the note is an AU grade, just what it would appear to be. The looks better then it really is scenario.
So is this a deal at approximately C $1,240.66?
Well if I was a buyer, I would have to say no. Yes it is a nice note, but as a “NET” note, I would automatically take the note down a grade with no questions, at that, the note would be in the EF $1,600 range. After exaiming the note, the condition may go up or down.
I feel the final selling price was close to the true value of the note.
I know that sometimes it is easy to overlook imperfections in note when you finally find what you have been looking for. Please remember to take you time, and just like everything else, buyer beware, so do your homework when buying a note.
