Having decided to branch out into paper currency, has open up a whole new world for me. There is a lot of studying and research to do before buying anything. Lucky I love research and the knowledge it brings. It also is giving me a new look at history. This is the second note I took a chance on my new found knowledge and bid on and won a raw note! So far I have done pretty well on both. This is a Large Size,. Series of 1899 One Dollar Silver Certificate. Commonly called a horse blanket due to it's size. This particular design is called the Black Eagle Note. Official name of vignette is Eagle of the Capitol. A vignette is an ornamental element of a bank note. This particular note is a Fr#233. The Fr stands for Arthur L. and Ira S. Friedberg. He is the Breen of paper money. Each type of currency has a different number due to changes on it. In this case the number 233 denotes the two signatures on it. They are, here, Tehee and Burke. The Friedberg number can make a huge difference in price on the same style note. This note came back from PMG, the paper money arm of NGC, as a 30 Very Fine EPQ. The EPQ stands for Exceptional Paper Quality. The 30 means the note will be lightly circulated and may have light soiling. There will typically be seven to ten folds. I won this note at auction and paid a modest price for it. Even taking in the cost of grading, I did alright. I'm having a ton of fun with this new interest in Numismatics. I recommend that you take a look at it. Most people collect either coins or paper money, not both. I say try it all! Thanks for looking and I look forward to your comments!
I took the bills to a local coin and paper money shop to get some help in figuring out their value and ran into another hurdle. The employee conferred with everyone in the shop and, after reviewing a spiral bound book on mint errors, indicated that the bill only could have been made by cutting an uncut sheet. I told him my story and after explaining how I was the one that cut the wrapper off the BEP brick before counting the bills, he believes the bill needs to be graded and authenticated before it can be valued.