1954 Devil's Face Replacement - Grade Value

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I know there is value in this note. When the day comes to sell would it be beneficial to have this note professionally graded? And who would you recommend?

To get the value out would you recommend a private sale or auction?

Any thoughts on grade and value in the mean time?


Thanks

Very nice note!

I would not get the note graded.

Putting the note into an auction would get higher prices but you'd have to pay a hefty fee for the privilege.  But if you need the money, auctions will reach more people.

If on the other hand you find the right private buyer, they could also offer you a fair price for your note--without the fees and taxes.

The note looks EF to me...

Dean

Hello KelownaGuy,

I think the Devil replacement images suggest a slightly higher grade of AU 55 (AU 50-58).  This replacement note is Charlton catalogue BC-29aA and is currently valued around $3,000 in AU grade.  Your note is listed in the CPMS registry and is one of 73 currently recorded.  It is not scarce, but is a very nice and desirable note!

As mentioned in a previous post, auctions cut into the $$$ you receive in exchange for offering it to more potential bidders. If you search this on iCollector for example, you can see prices of similar notes realized in recent auctions.

Private sales may be better; usually at a slight discount to catalogue.  This is great if you can find someone who wants the note.  Perhaps someone on this site will be interested.

Cheers,
JBN

I suggest you look here for some previous sale prices:
https://cdnpapermoney.com/notes/register/7/3/18/74/320/list

$3000 seems like a fair assessment based on actual sales, though you might have to settle for slightly less.  If you can get close to that figure privately, then I would take it and run.  Otherwise, just auction it in one of the major auctions.  This particular note is a bit oversold and in this condition it's not exciting enough to attract much action.  It's nevertheless well-established so you'll find a value-buyer for it.

I'll have to respectfully disagree with Dean and say that you absolutely should get it graded if you want to maximize your sale price (especially at auction).  I know that some old-timer collectors have a bone to pick with the grading services but the fact is that if it's not professionally graded, your buyer is guaranteed to nit-pick over every minor defect and hold you personally accountable.  Would you rather sell it as a raw EF to appease the Charlton Standards hardliners or as a professionally certified AU-55?