Hi Dan!! Great banknote for a very great price! I shold check some auction houses at some point in the future aswell!! Looking forward to all your future projects! And of course waiting for another currency roundtable!! Best regards!!!
What a great video! I didn’t catch if you said how long this particular hunt took you. It is important to remember this is a hobby for a lifetime and taking your time pays off.
W 11:59 ow, congrats on your win. Just one on Heritage auction a 1899 two dollar Silver certificate 58 grade I can’t believe the price that I got it for it is amazing. The deals that you can get there even though the premium is 20% it is still worth it to be in an auction in StacksBowers or Heritage Auctions. I will be showing that note live.
Great video Dan! Great process too. I’m really happy for you WINNING this note! Great mini-collection and I hope you do get that $100 Gold Certificate someday 😎🤙🏼
I have too. Even with losing 4 other auctions for the $50 Gold Cert those notes still went for under $900 as compared to $1000 for ebay prices - still believe ebay is a great source for notes!
Heritage auction can be addictive and easy to get carried away even if u start out with a firm top price…lol. Are u gearing up for a commemorative banknotes of the world video or musical theme notes, Perhaps? 🤔
4Kollector - you are on the right track! I needed a few examples for the project and @massabesicgoldandsilver told me about the Chopin note - beautiful and so cool.
I love Heritage and they’re the only large auction house I’ve used. The format is so much better than Stacks or GC. A couple tips to save you money: You can link your account directly and save 2.4% and you can save on shipping if you have them hang on to items until you have won a few over the months and have them all shipped at once
Thanks Tylon GREAT additional tips!!!! And agree, Heritage is much more user friendly but Stacks and GC don't have as much volume but I still check them out. Ontario100 just won a note off Lyn Knight talking to him today about that process.
Hi Dan. Thanks for another fine video! I agree with your conclusion, as contrary to my going-in thought when buying from auction houses, you can get good values from the auction houses. I have successfully used your stated process to get good values: Research prices, set a budget and stick to it. This requires patience! This is difficult as I have seen currency prices continually rise. At least in the auction process, it’s the buyer resetting the values, not the seller attempting to do that with wishful thinking. Lots of crazy prices out there in E-Bay! Congrats on your win!
Thanks for the kind words. You bring up a good point with rising currency prices which is a good thing for the hobby in moderation, especially with us buyers not paying crazy prices.
@@PolarCurrency The last note I found was listed for $2199 on eBay and it sold for about $1850 on HA 2yrs ago. If you factor in the eBay fees they're probably taking a loss (breaking even) if the original buyer is seller. Paper money of the US has it valued at $375 for a 63 this is a 65 maybe there is that large of a gap in price I'm not really sure. There are only 2 at that grade looking at PMG's population. PCGS population has none at 65 and two at 64. So maybe it is really worth that much 😨 not a mule or fancy serial number either.
@@Meow_Ag47 It always surprises me to find a better "deal" on Heritage over eBay especially on notes getting over $300-500 price range. But you can find some good prices on eBay you just have to be trolling eBay everyday! Yeah the price gap between 63/65 can be a jump - all depends on the note and what is out there for known population. It could be worth "that much" - don't know until someone actually pays the price!
Another great one Dan, packed full of information I did not know, i’d say you really enjoyed the research involved getting a fair price,thank you, keep them coming, Keep Stackin bro
Congratulations on the new purchase! The process of finding and purchasing a new note/coin is oftentimes a big part of why that particular piece is special to us. You'll have to give me more tips and tricks on navigating HA. You say the site is user-friendly, but I have never purchased from there, because I simply cannot figure it out! haha. Great to see a new video from you during this busy time and really looking forward to your mysterious future collab! Oh, and that Chopin note is really cool!
Thanks Joe! Maybe "easy" is in comparison to for Heritage which is "easier" to use than the other Auction Houses. Let's talk the next time we are talking - and I can see why you would like the Chopin note!
I have gotten from Heritage for several years. Not that it's always cheaper , but it's convenient for me as well. And i've always liked participating in auctions. I fully admit that I haven't spent the time to do my homework on a note very often. time as a community - I have little of 😢
Wow, lots of questions were answered in this video. I now have an account with Heritage. Note to all other viewers: Watching these videos will have you go down the rabbit hole. Great stuff, Dan, I appreciate the hard work you put into these videos for us.
Congrats on a nice first win at Heritage! I've shied away from the more traditional auction houses due to the buyers' premiums - they're a bit scary to me - but I might look at it a little more now that I've seen how your experience was. Thanks for sharing your method, and btw, really digging your Greenland banknote poster!
Thanks BanknoteDen! Try watching a few Tuesday Auctions - they're kind of interesting for a nerd like me! I did strike out on 4 of the $50 Gold Certs before this first "victory". And the Greenland note is on my want list!
Lots of crack smokers 💨 on eBay. Frequently these guys will win a lot on Heritage and they will have the same note listed on eBay later that night, for 4x more. Heritage is great though. ✅
Some auction dynamics/realities I've noticed... Some of the listings are super premium. Way beyond what the Average Joe can afford to pay. A lot of the other items are over graded or sub par for the stated grade. Clever sellers trying to liquidate items they don't want for the highest price possible. In the middle, there is a TON of competition for the legit items that are half affordable. When you factor in the buyers premium and shipping, the deals are kinda rare. I feel that too many buyers are bidding purely off the raw price. Ebay still remains the best source for finding deals. Now if you're looking for super premium items, then the auction sites are probably the best places to go.
Really good insight and I agree and will always check both. But I'm seeing a trend with notes that are $300 plus (keep in mind my ceiling does not exceed $1000) that the "all in" cost with Heritage is cheaper. I've recently been looking for a $10 National Bank Note 1882 Brown Back - nothing special just a note for my type set - no rare banks, names, etc. I spent 3 months researching what I believe is a fair market price using the book Paper Money of the U.S. as a guide along with eBay and other auction results. A month ago I identified a note to watch (track) on Heritage. During that time the cheapest note was around $750. The Auction was Nov 5th on Heritage and I was tracking a $10 from Portland, Maine. I got the PMG VF 20 note for $384 (including premium) plus about $40 in "service/tax" charges. That's about half of what the "book" value guide is - which I think is high. The same category notes and grade on eBay couldn't touch that price. But I have gotten some fair prices on eBay. End of the day I highly suggest that you utilize every seller type out there to get the best value for what you want. Thanks for the thoughts and appreciate the comment.
My experience with both Heritage and Stacks is that I usually underestimate the random "because we can" fees that get tacked on. It's a little crazy to me that one can click $550 as a bid and wind up paying over $200 more than that after all is said and done.
No doubt it is crazy - that's why you have to know what the "extras" are going to cost. What's crazy to me is I still got the note $250 less - with costs, fees, taxes - than I would have from eBay. Maybe an LCS could be less? My issue I could not find that note locally for a year and it did not see it at the Central States show that was in my budget. Thanks for the comment - it's a good one.
I think I will try Heritage now. I enjoyed how you broke down the costs line by line. I was very interested to see that. Fyi - I just went out and pre-ordered the new Friedberg 8th edition on Amazon its out july 2. 24.95 and free shipping so not bad. Great video! Thank you for sharing that experience💯
@PolarCurrency hello, i hope all is well with you. By any chance have you received the 8th edition yet? I ordered (on Amazon) june14 and says no shipping date yet :(. Probably because i want this copy so bad, of course my luck to be delayed! Ha! Thank you for all that you do for the community 💯
Dan, you are so right on the money here. Do your research before you buy. And speaking of Gold Certificates and crack heads, right now on ebay some crack head is asking $2350 for an AU 58 Ten Dollar Gold Certificate! He must be so high that he can't even smell the current market value! And this guys calls himself a dentist? I know going to the dentist is not supposed to be comfortable, but this guy is drilling us all a new one with out the nova cane! WTF this guy needs to go to rehab. Sheesh, you are so right, research that market value before you bid. Thank you so much for your great education. We are all a community who refuses to smoke the crack or drink the Kool Aid!
Thanks for the kind words and I HAD to go look that up - It's $2850!!!! See link at end. AND the Cheap bastard is charging $17 for ECONOMY shipping! The cheapest 58 on eBay right now is $1699. Went over to Heritage and two 58 notes sold for $1100 & $1400 this past May. I don't know but people have to do the research and pay a fair price. I don't complain about prices going up - that means the hobby is healthy but not by 30-50%. No crack smokin' and Kool Aid drinkin' here. www.ebay.com/itm/186072381066?itmmeta=01J0Q7R8S2CJGYHBYDFEWQJ2Q1&hash=item2b52c7368a:g:rigAAOSwj8FfdXF5
@@PolarCurrency The best way to laugh off a guy like this rip off artist is to win bid on Heritage. Case in point, on last Tuesday's Currency Auction I scored one of these 1928 Ten Dollar Gold Cert, PMG 55 EPQ for $577 plus tax and shipping. No problem here we know how to do it! Thank you Dan for your channel.
Hi Dan, Thanks for sharing an awesome video on your experience with Heritage Auctions. And all the hard work you put in for your winning Bid on your $50 gold note. Congratulations. We learned a lot from this one. Glad to be catching up on a few of your videos the last couple days.Take care.🙏 Bill 😎👍
But when the note is market priced? I searched a year for the right note at the right (fair market) price - scoured local currency sellers and local & national shows could not find the price I paid, and it was 25% less than on eBay. What does it matter what fees are?
Outstanding Video! 🔥🖤🖤🖤🔥I enjoy the auction house experience. Good deals can be found!
Thanks Ontario! And thanks for your help!
Great stuff! I haven’t tried Heritage yet, now I will!
Give it a try - you have to sign up of course - watch a Tuesday Auction and it really helps get a feel for the Heritage process.
@@PolarCurrency I will! I appreciate the info! It’s always good to have options.
Hi Dan!! Great banknote for a very great price! I shold check some auction houses at some point in the future aswell!! Looking forward to all your future projects! And of course waiting for another currency roundtable!! Best regards!!!
Thanks Roman appreciate that and next Roundtable coming out this Friday.
@@PolarCurrency Hi Dan! Great news!! I am already looking forward to this!!!
What a great video! I didn’t catch if you said how long this particular hunt took you. It is important to remember this is a hobby for a lifetime and taking your time pays off.
Thanks Stu - this was the fifth Heritage Auction that I was going after that note - so at least a year and a half.
Great video, Dan. Thanks for sharing your process. I learned a lot and congrats on your purchase.
Thanks Jeff - it was an interesting to break the process down that much and realize for myself that, yeah, you can save money!
W 11:59 ow, congrats on your win. Just one on Heritage auction a 1899 two dollar Silver certificate 58 grade I can’t believe the price that I got it for it is amazing. The deals that you can get there even though the premium is 20% it is still worth it to be in an auction in StacksBowers or Heritage Auctions. I will be showing that note live.
Thanks Big Apple - and nice on the 1899!
Great video Dan! Great process too. I’m really happy for you WINNING this note! Great mini-collection and I hope you do get that $100 Gold Certificate someday 😎🤙🏼
Thank you my friend! It was a great not for me - very happy to finally get it.
Great video! Your hard work on the hunt truly did pay off with that beautiful note!
Thanks HolyYuckles - labor of love with "the hunt"
i have seen stuff go for very reasonable pricing because the volume is just too high i feel, so bidding is not as aggressive than ebay etc.
I have too. Even with losing 4 other auctions for the $50 Gold Cert those notes still went for under $900 as compared to $1000 for ebay prices - still believe ebay is a great source for notes!
Well made video.
Thanks Jeff - fun to do the research for it!
Great info in finding past sales prices on Heritage
Thank you sir!
You're closing in on that all-important 1k subscribers Dan!
Inching closer - all good with what I have!
Great video -Thanks for the breakdown. It was very educational.
Thanks Emanuel! I need catch up on you Twonies!
Heritage auction can be addictive and easy to get carried away even if u start out with a firm top price…lol. Are u gearing up for a commemorative banknotes of the world video or musical theme notes, Perhaps? 🤔
4Kollector - you are on the right track! I needed a few examples for the project and @massabesicgoldandsilver told me about the Chopin note - beautiful and so cool.
I love Heritage and they’re the only large auction house I’ve used. The format is so much better than Stacks or GC. A couple tips to save you money:
You can link your account directly and save 2.4% and you can save on shipping if you have them hang on to items until you have won a few over the months and have them all shipped at once
Thanks Tylon GREAT additional tips!!!! And agree, Heritage is much more user friendly but Stacks and GC don't have as much volume but I still check them out. Ontario100 just won a note off Lyn Knight talking to him today about that process.
Hi Dan. Thanks for another fine video! I agree with your conclusion, as contrary to my going-in thought when buying from auction houses, you can get good values from the auction houses. I have successfully used your stated process to get good values: Research prices, set a budget and stick to it. This requires patience! This is difficult as I have seen currency prices continually rise. At least in the auction process, it’s the buyer resetting the values, not the seller attempting to do that with wishful thinking. Lots of crazy prices out there in E-Bay! Congrats on your win!
Thanks for the kind words. You bring up a good point with rising currency prices which is a good thing for the hobby in moderation, especially with us buyers not paying crazy prices.
Very nice process and video!!! Thanks.
Thank for the kind words - appreciate your channel and the level of detail you provide.
Its fun when you find a note on HA that sold 1-2yrs ago and the exact same note is on eBay with a $400-500 mark-up
That is funny!
@@PolarCurrency The last note I found was listed for $2199 on eBay and it sold for about $1850 on HA 2yrs ago. If you factor in the eBay fees they're probably taking a loss (breaking even) if the original buyer is seller. Paper money of the US has it valued at $375 for a 63 this is a 65 maybe there is that large of a gap in price I'm not really sure. There are only 2 at that grade looking at PMG's population. PCGS population has none at 65 and two at 64. So maybe it is really worth that much 😨 not a mule or fancy serial number either.
@@Meow_Ag47 It always surprises me to find a better "deal" on Heritage over eBay especially on notes getting over $300-500 price range. But you can find some good prices on eBay you just have to be trolling eBay everyday! Yeah the price gap between 63/65 can be a jump - all depends on the note and what is out there for known population. It could be worth "that much" - don't know until someone actually pays the price!
Another great one Dan, packed full of information I did not know, i’d say you really enjoyed the research involved getting a fair price,thank you, keep them coming, Keep Stackin bro
Thanks Big O! I like doing the research - part of the hunt!
Shopping around is a must and what your time is worth. 👍
It really was for me on this note. Heritage won't be the only answer but you have to look - even with the premium.
Congratulations on the new purchase! The process of finding and purchasing a new note/coin is oftentimes a big part of why that particular piece is special to us. You'll have to give me more tips and tricks on navigating HA. You say the site is user-friendly, but I have never purchased from there, because I simply cannot figure it out! haha. Great to see a new video from you during this busy time and really looking forward to your mysterious future collab! Oh, and that Chopin note is really cool!
Thanks Joe! Maybe "easy" is in comparison to for Heritage which is "easier" to use than the other Auction Houses. Let's talk the next time we are talking - and I can see why you would like the Chopin note!
Oh yeah forgot to mention…”Smoking crack” 😂🤣
Hah! And yep - totally crack smoking
I have gotten from Heritage for several years. Not that it's always cheaper , but it's convenient for me as well. And i've always liked participating in auctions.
I fully admit that I haven't spent the time to do my homework on a note very often. time as a community - I have little of 😢
Well I appreciate you taking the time supporting the channel Mark! Thanks for the comment sir!
Wow, lots of questions were answered in this video. I now have an account with Heritage. Note to all other viewers: Watching these videos will have you go down the rabbit hole.
Great stuff, Dan, I appreciate the hard work you put into these videos for us.
Good! And 100% correct - and there are multiple rabbit holes! Thanks Gunny
Very nice
Thanks RNR!
Congrats on a nice first win at Heritage! I've shied away from the more traditional auction houses due to the buyers' premiums - they're a bit scary to me - but I might look at it a little more now that I've seen how your experience was. Thanks for sharing your method, and btw, really digging your Greenland banknote poster!
Thanks BanknoteDen! Try watching a few Tuesday Auctions - they're kind of interesting for a nerd like me! I did strike out on 4 of the $50 Gold Certs before this first "victory". And the Greenland note is on my want list!
Lots of crack smokers 💨 on eBay.
Frequently these guys will win a lot on Heritage and they will have the same note listed on eBay later that night, for 4x more.
Heritage is great though. ✅
Sooo true! It’s frustrating.
Too many crack smokers! And you're correct @massabesicgoldandsilver and @ontario100 have pointed this out a few times.
Some auction dynamics/realities I've noticed... Some of the listings are super premium. Way beyond what the Average Joe can afford to pay. A lot of the other items are over graded or sub par for the stated grade. Clever sellers trying to liquidate items they don't want for the highest price possible. In the middle, there is a TON of competition for the legit items that are half affordable. When you factor in the buyers premium and shipping, the deals are kinda rare. I feel that too many buyers are bidding purely off the raw price. Ebay still remains the best source for finding deals. Now if you're looking for super premium items, then the auction sites are probably the best places to go.
Really good insight and I agree and will always check both. But I'm seeing a trend with notes that are $300 plus (keep in mind my ceiling does not exceed $1000) that the "all in" cost with Heritage is cheaper. I've recently been looking for a $10 National Bank Note 1882 Brown Back - nothing special just a note for my type set - no rare banks, names, etc. I spent 3 months researching what I believe is a fair market price using the book Paper Money of the U.S. as a guide along with eBay and other auction results. A month ago I identified a note to watch (track) on Heritage. During that time the cheapest note was around $750. The Auction was Nov 5th on Heritage and I was tracking a $10 from Portland, Maine. I got the PMG VF 20 note for $384 (including premium) plus about $40 in "service/tax" charges. That's about half of what the "book" value guide is - which I think is high. The same category notes and grade on eBay couldn't touch that price. But I have gotten some fair prices on eBay. End of the day I highly suggest that you utilize every seller type out there to get the best value for what you want. Thanks for the thoughts and appreciate the comment.
This was a great video.
There is just something wrong about having to pay sales tax on any form of coins, currency or bullion
GD
Thanks GD - and yep, welcome to Minnesota! Something that was never SOLD before and never generated any original sales tax...not right.
My experience with both Heritage and Stacks is that I usually underestimate the random "because we can" fees that get tacked on. It's a little crazy to me that one can click $550 as a bid and wind up paying over $200 more than that after all is said and done.
No doubt it is crazy - that's why you have to know what the "extras" are going to cost. What's crazy to me is I still got the note $250 less - with costs, fees, taxes - than I would have from eBay. Maybe an LCS could be less? My issue I could not find that note locally for a year and it did not see it at the Central States show that was in my budget. Thanks for the comment - it's a good one.
I think I will try Heritage now. I enjoyed how you broke down the costs line by line. I was very interested to see that. Fyi - I just went out and pre-ordered the new Friedberg 8th edition on Amazon its out july 2. 24.95 and free shipping so not bad. Great video! Thank you for sharing that experience💯
Great and too funny I did the same thing about 3 days ago with the same book!
@PolarCurrency hello, i hope all is well with you. By any chance have you received the 8th edition yet? I ordered (on Amazon) june14 and says no shipping date yet :(. Probably because i want this copy so bad, of course my luck to be delayed! Ha! Thank you for all that you do for the community 💯
@@stonz_camp I haven't got it yet either.
@PolarCurrency thank you. I'm glad im not alone! I'll post a quick message here when I get it.. I hope they send it out soon! Thx again :)
@@stonz_camp My order for Official Red Book: A Guide Book of United States Paper Money, 8th edition shipped!
Perhaps one day I will try an auction for some currency. Can tell you that you definitely got a great price for a 15.
Thanks Timothy - Heritage helps me with research and prices too. Even if you never purchase it can really give you part of what the market price is.
Great video, keep it up.
Thanks and appreciate the support!
Dan, you are so right on the money here. Do your research before you buy. And speaking of Gold Certificates and crack heads, right now on ebay some crack head is asking $2350 for an AU 58 Ten Dollar Gold Certificate! He must be so high that he can't even smell the current market value! And this guys calls himself a dentist? I know going to the dentist is not supposed to be comfortable, but this guy is drilling us all a new one with out the nova cane! WTF this guy needs to go to rehab. Sheesh, you are so right, research that market value before you bid. Thank you so much for your great education. We are all a community who refuses to smoke the crack or drink the Kool Aid!
Thanks for the kind words and I HAD to go look that up - It's $2850!!!! See link at end. AND the Cheap bastard is charging $17 for ECONOMY shipping! The cheapest 58 on eBay right now is $1699. Went over to Heritage and two 58 notes sold for $1100 & $1400 this past May. I don't know but people have to do the research and pay a fair price. I don't complain about prices going up - that means the hobby is healthy but not by 30-50%. No crack smokin' and Kool Aid drinkin' here.
www.ebay.com/itm/186072381066?itmmeta=01J0Q7R8S2CJGYHBYDFEWQJ2Q1&hash=item2b52c7368a:g:rigAAOSwj8FfdXF5
@@PolarCurrency The best way to laugh off a guy like this rip off artist is to win bid on Heritage. Case in point, on last Tuesday's Currency Auction I scored one of these 1928 Ten Dollar Gold Cert, PMG 55 EPQ for $577 plus tax and shipping. No problem here we know how to do it! Thank you Dan for your channel.
Hi Dan,
Thanks for sharing an awesome video on your experience with Heritage Auctions. And all the hard work you put in for your winning Bid on your $50 gold note. Congratulations. We learned a lot from this one. Glad to be catching up on a few of your videos the last couple days.Take care.🙏
Bill 😎👍
Thanks Bill - no time until you can.
@@PolarCurrencyWelcome.😎
Outbid!
Yep...I've heard that many, many, many times!
HA fees are ridiculous
20% get out of here
But when the note is market priced? I searched a year for the right note at the right (fair market) price - scoured local currency sellers and local & national shows could not find the price I paid, and it was 25% less than on eBay. What does it matter what fees are?