Jeff Smith, President and CEO Treasuredstocks.com

Jeff Smith, President and CEO Treasuredstocks.com
Jeff Smith
Showing posts with label What's it worth. Show all posts
Showing posts with label What's it worth. Show all posts

Tuesday, April 4, 2017

"What's my note/coin worth," you ask ...

I want to sell/insure  my notes/coins but I don’t know the value. 
Can you help me?
(Please refer to my blog posts "what's it worth" and "why get a note officially graded" 
prior to considering selling your coin or note) 

For the most part, we will be able to help you sell your item, at a fair price. Please remember, however, that the purchaser may not be treasuredstocks.com
Importantly, when considering a fair price for your note, condition is everything and cannot be decided via long distance unless your note or coin has been officially graded (e.g. with PCGS, PMG).
Therefore, after we have expressed an interest, we will have our head grader examine every item. Consequently, we need to see the item in-person, face to face, prior to purchasing the item. Accordingly, we ask that you bring or send the coin/currency items to us. Recall that it can take great time and effort to do this correctly, using our extensive research such as years and years of auction data, and experience.

If you are planning to sell us your item(s), and we have indicated to you that we are interested, here is what we ask:
Call us [Jeff] first at 870-670-4255. 
Discuss with us your questions and plans. Do this first! 
Jeff will give you the correct address and location as well as valuable  "could my note really be worth the time and trouble” information. 

Basically, here are the steps to follow:
-         Create an itemized, careful list of item(s) you are sending. Include (as much as is possible) the note/coin title, valuation (such as “one dollar”) year of issue, location of issue (i.e. country/state/city), serial number, and anything else that seems significant. Double check this list for total accuracy and keep a copy of this list for your files.
   
-         Package the item(s) with the greatest possible care. Shipping carriers can be brutal to fragile items. Pack items securely, carefully, and in a way that absolutely protects them. Do not assume that a “DO NOT BEND” statement will be noted or heeded! For example, notes MUST be packed between very heavy cardboard, in plastic, to prevent folding or other types of mutilation/damage during shipping.

-         Be sure to include ALL contact information: your name, phone, address, email. The more information you can give to us, the better.

-         Send items with the appropriate amount of insurance, signature required and tracking number, for delivery 
   
-         Send us an email that includes the above information, including the itemized list, tracking number, shipping date, and carrier. 

Upon receipt of your item, treasuredstocks.com will do our best to expedite a value estimate. Within a reasonable amount of time, a fair price will be offered to you. If  we are unable to agree on price, we will return the item(s) to you. Return shipping and insurance charges are negotiable. 

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For a look at some rare and collectible currency, visit us at
We are official members of multiple numismatic-related organizations. Thus, Treasuredstocks.com welcomes any and all questions regarding our coin and currency postings and our passion for collecting coins and currency of all types. We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com

Sunday, August 7, 2016

I found this note ... what's it worth?

What’s it worth? 

Many folks will call or write asking the question, "What's it worth?"  They have inherited, been given, or found a note or coin and want desperately to know its value. So they contact us here at Treasuredstocks.com
When trying to discover the value of an ungraded note or coin, the following information may help
When we have an ungraded coin or paper note, we carefully research answers to the following questions, prior to placing a value on it. This research can take a great deal of time and effort.
- How many were made/printed and how many currently exist
- Auction results. We have over 30 years of auction and reference data
- How many people want them (supply and demand is important). For example, a note can be very sought after for its beauty and distinctive features.
-  The exact condition of the note or coin. Condition is everything! See below regarding grading.
-  If it’s a coin, the bullion value, sometimes referred to as the melt value
-   Is it (or could it potentially be) a counterfeit

Collectors world-wide rely on and trust an officially graded note. 
Here is an example of one.

We here at Treasuredstocks.com collect decades of data such as year of issue, location of issue, serial number, signatures, front and back pictures, colors, seals, and others. However, we are not able to identify or value ungraded coins or currency by telephone or email. 


Importantly, age, as a single statement of value, may hold little or no relevance. Same is true with the face value of the item (a one dollar note may be worth far more than a 100 dollar item). 

Please contact us at jeff@treasuredstocks.com or  870-670-4255  if you are interested in learning more about your note or coin. 


First, however, take a careful look at our site. With few exceptions, our notes and coins are graded. Grading fees, which can be extensive, have been added into the cost of the item. Grading by an official grading service such as PCGS or PMG is important because the item’s condition has been identified officially. 


For a look at some rare and collectible currency, visit us at

We are official members of multiple numismatic-related organizations. Thus, Treasuredstocks.com welcomes any and all questions regarding our coin and currency postings and our passion for collecting coins and currency of all types. 
 
We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com

Saturday, April 30, 2016

Purchasing graded notes and coins

Why purchase a GRADED note or coin?









Here are two notes -- one graded and the other is not. A purchaser for the lazy deuce (second note) will be filled with uncertainty.





Everyday, interested sellers and collectors call and ask the "what's it worth" question. They have found a note tucked away in their relative's estate or a yard sale junk box and want to know what the item might be worth to us or to other collectors. 
When I ask them if the note has been folded or torn or if it has certain other defects, I often hear, "Oh I missed that"  and "does a little corner tear really  matter?"

One of the most important reasons  you should insist on having a coin or note graded, is to avoid the risk of purchasing a counterfeit copy. I know a dealer who paid several thousand dollars for a note and sent it in to be graded only  to find out that is was a worthless counterfeit! That is why dealers and collectors are willing to pay more for graded currency and coins. 

A second, perhaps equally important reason in favor of grading is to assure clear understanding and easy communication. A graded note will "translate" perfectly between and among all interested collectors, buyers and sellers. Furthermore, grading allows years of auction data to be adequately analyzed so that value can be assessed. For us, speaking with someone about an ungraded note is always speculative; speaking to someone about a note that is officially graded is clear and specific.

Consider this: If the person selling the note or coin really has a valuable product, why hasn't he or she had it graded?  Two reasons are plausible: Either there is something wrong with the note or he/she is unaware of established guidelines and grading benefits.

When trying to purchase an ungraded note or coin, beware of red flag statements like "though it's not graded, the note/coin looks perfect."  One of my favorites that I have heard several times is, "It used to be folded, but it isn't any more." or "the condition  is pristine, I pressed it with my iron this morning."

"But who should grade my coin or note," you ask?  Treasuredstocks.com is an official dealer of coins and currency with the two major international grading firms: PCGS and PMG. If you stay with either organization (PCGS /PMG), you will receive the most resale value for your item(s).  

I personally appreciate PCGS's description of their grading standards and processes.This description is located on their web site.

For more information about this and other collectable coins and currency, please visit our web site at  http://www.treasuredstocks.com/or email  jeff@treasuredstocks.com. You may also give Jeff a call at 870-670-4255

How to Start a Currency Collection

I want to start collecting coins and currency items; where do I start?

Collectors of coins and currency do so for many reasons. One of the most common collector is the hobiest who collects more for fun and appeal, rather than profit. Often, this attraction begins as a child who, by chance or purpose, receives an item that is both fascinating and historical.

An increasingly popular reason to pursue collecting of coins and currency is to do so as an investment Persons who use collections as a kind of investing do so with the idea that the value of the items, in singular or total, will increase over time. Supply and demand is the key concept here as well as a critical understanding that collections do not “make” money until they are sold and may even incur costs, such as the costs of safe and secure storage.

A third type of collector is the person who acquires a collection via inheritance. This person may or may not have any real interest in the items but appreciates potential value.

One great advantage we have today is the internet. For example, take a careful look around our Treasuredstocks.com web site and you will see over 4,000 items, of all categories, grades, and prices, all graded and all in full color view. And now a bit about grading. A graded item allows collectors to speak the same language when it comes to the condition of the item.

The term “Numismatics” refers to the study or collecting of coin/currency. A numismatist is someone who does this by hobby or profession. Here is a great web site to use, when learning more about such an exciting field. There’s even several links specifically designed for children.

http://www.numismatics.tv/

We are official members of multiple numismatic-related organizations. Therefore, Treasuredstocks.com welcomes any and all questions regarding our postings and our passion for collecting coins and currency of all types. We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com