Maryland - Havre-de-grace Bank - $1.00 - 1846
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Maryland - Havre-de-grace Bank - $1.00 - 1846 :
Maryland. Havre-de-Grace. Havre-de-Grace Bank. $1.00. Serial Number 825. Plen A.
Very Good, plus, using traditional grading. "Bank" underlined in red. Some edge nicks and pin holes, consistent with the grade. Probably a PMG or PCGS Choice Fine 15 pin holes and tiny edge nicks.
A note about 3rd party grading. PCGS and PMG do a good job putting a floor on quality within a grade range and have become proficient in detecting repairs (though occasionally they miss something, or see something that is not there, as we all can).
Notes housed in Net or Apparent holders have a wide range of quality from very nice (in rare cases may be nearly choice) to dogs with major problems, so each needs to be evaluated on their own.
However, PMG and PCGS focus on technical grading due to circulation and damage and do not have a mechanism for evaluating condition or eye appeal - whether a note is average, better than average, choice or gem for the grade based on its color, trim and margins. The exception to this are slabbed notes of New or Uncirculated grades to some degree. This is important as Very Fine, Extremely Fine or AU notes can have a wide range of values depending on these factors not reflected in the slab grade. A fully framed Confederate or obsolete note is worth considerably to a lot more than one that is trimmed into the margin for the same grade. Likewise, color is important. These factors can affect the value of a note by 50%, 2-1 or even 3-1, e.g., an AU 58 (PPQ or not)T-20 1861 $20 CSA note trimmed into the margin is worth between $150 and $300. The same grade, AU 58 (PPQ or not),with a full frame and good color/inking is worth something like $500 to $1000 depending on eye appeal. I will continue to use the terms plus for above average, choice and gem to mean varying degrees of superiority of condition and eye appeal of a note within a grade as documented in my book which is based on what collectors seek out and pay premiums for.
Pierre Fricke. Immediate Past President of the Society of Paper Money Collectors; Professional Numismatists Guild (PNG);Professional Currency Dealers Association (PCDA); ANA, EAC, etc...
Author of the standard guide book to Confederate money - Collecting Confederate Money Field Edition 2014.
Combined shipping, but with increasing rates for extra weight and insurance. 2 to 5 notes or coins - $2.98 for under $50 total. $3.98 for $50 to $200. $4.98 for $200 to $500. $5.98 for more than $500. More than 5 notes/coins combined add $1.00 to the above.