LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

15770

Fr. 245 $2 1891 Silver Certificate PMG Superb

Currency:USD Category:Coins & Paper Money Start Price:13,500.00 USD Estimated At:17,500.00 - 30,450.00 USD
Fr. 245 $2 1891 Silver Certificate PMG Superb
<B>Fr. 245 $2 1891 Silver Certificate PMG Superb Gem Unc 67 EPQ.</B></I> Even though third party grading has been around for a few years, it can still be considered somewhat new to the scene. As with all new markets, trends appear and pricing anomalies follow. Windom notes in high-end PCGS and PMG holders have been selling for less money than Hancock's in the same grades. Even though the Green Sheet shows Windom's with a slight edge ($6,250 in 65; $11,500 in 67) over Hancock's ($5,500 in 65; $10,500 in 67), the actual market, which is far higher than the Green Sheet, values Hancock's over Windom's. PCGS has not published its population reports for currency yet. However, PMG has and the numbers are likely comparable. PMG shows the following numbers for Hancock's: 65 (23), 66 (19), 67 (5), 68 (2). And for Windom's: 65 (5), 66 (12), 67 (10), 68 (0). Both the price structure and the census figures will change over time, but the current figures are clearly an anomaly. This cataloger has handled easily ten times as many Superb Hancock's as Windom's over the years. Windom's being far rarer than Hancock's in 65, but more common in 67 is simply nuts. The lesson here, if there is one, is that careful studying of market trends presents potential opportunities. This 67PPQ Windom, which will almost certainly sell for under $20,000, is an opportunity.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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