Rarity question

In a previous thread I had asked about Evansville notes and several folks
responded or e-mailed that they are fairly common. I did find a couple for sale
through dealers, but have found none on Ebay to compare them with. Being a coin
collector, I am used to seeing some pretty rare stuff on Ebay, so if these
notes seem to never show up, what does that mean? Are they rarer than half
cents? Or are these types of notes not typically auctioned? And if Evansville
is common, what in the heck is rare? :)
Thanks for the education! Mike

In a previous thread I had asked about Evansville notes and several folks
responded or e-mailed that they are fairly common. I did find a couple for
sale
through dealers, but have found none on Ebay to compare them with. Being a
coin
collector, I am used to seeing some pretty rare stuff on Ebay, so if these
notes seem to never show up, what does that mean? Are they rarer than half
cents? Or are these types of notes not typically auctioned? And if Evansville
is common, what in the heck is rare? :)
Thanks for the education! Mike



Rarity for coins and banknotes is not
the same thing. A national bank might
have 50-100 notes available and be
considered "common". A real rarity
would be 0-3 known etc.

Some notes are common or not very
scarce in the sense that they are "out
there" but tightly held by collectors and
do not come up for sale very often.

A common National banknote is not like a common Morgan dollar that may
have millions available.

(Lyntoy1) sez....

In a previous thread I had asked about Evansville notes and several folks
responded or e-mailed that they are fairly common.

I don't remember anyone saying they were common. I may have said (didn't
Google) that a "certain" EV bank was more common than other EV banks, but I
know I metered it with my standard disclaimer that ALL National Bank Notes are
regarded as scarce in general.

As John said, there is NO comparison to coin mintage whatsoever and even
amongst paper money collectors, NBN are generally tough puppies to collect. I
probably even said that collectors don't look at grade so much as the location
of the note; the bank. Being such low population items, grade is always
secondary to the location.

I think you're wishfully thinking one is going to fall out of the sky at less
than $75-100.

Probably ain't gonna happen.

There may "very" easily be less than a half dozen known examples of most of the
various banks I listed for you, in existence. Can you fathom that? It's tough
for a coin collector to wrap his arms around, but for NBN collectors, it's a
daily reality.

Other than a few states/cities/banks that are sentimental to me, I don't
collect much NBN. It's a hobby for masochists. A real waiting game....

Always here for my fellow syngraphist or oenophile.
--=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=--

Rarity for coins and banknotes is not
the same thing. A national bank might
have 50-100 notes available and be
considered "common". A real rarity
would be 0-3 known etc.

Oh. Well, now. That is going to take some getting used to, even coming from a
half cent collector. :-) I guess a reality check is in order here! Thanks for
the explanation as it helps explain the difficulty in finding these! Mike

I don't remember anyone saying they were common. I may have said (didn't
Google) that a "certain" EV bank was more common than other EV banks, but I
know I metered it with my standard disclaimer that ALL National Bank Notes are
regarded as scarce in general.

Jim-
That is what you said- but not what I read! I was using my coin collector
filter to read your post and never realized what I was up against. You guys
gave me great information, but I was using the wrong set of rules to measure
availabilty of these things.
It sounds like a fun part of the hobby to get into. Since I knew that I would
never complete half cents (1796), an incomplete NBN set could be fun.
Thanks again- Mike

rosit (Jim) wrote in message ...
(Lyntoy1) sez....

In a previous thread I had asked about Evansville notes and several folks
responded or e-mailed that they are fairly common.

I don't remember anyone saying they were common. I may have said (didn't
Google) that a "certain" EV bank was more common than other EV banks, but I
know I metered it with my standard disclaimer that ALL National Bank Notes are
regarded as scarce in general.

As John said, there is NO comparison to coin mintage whatsoever and even
amongst paper money collectors, NBN are generally tough puppies to collect. I
probably even said that collectors don't look at grade so much as the location
of the note; the bank. Being such low population items, grade is always
secondary to the location.

I think you're wishfully thinking one is going to fall out of the sky at less
than $75-100.

Probably ain't gonna happen.

There may "very" easily be less than a half dozen known examples of most of the
various banks I listed for you, in existence. Can you fathom that? It's tough
for a coin collector to wrap his arms around, but for NBN collectors, it's a
daily reality.

Other than a few states/cities/banks that are sentimental to me, I don't
collect much NBN. It's a hobby for masochists. A real waiting game....

Always here for my fellow syngraphist or oenophile.
--=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=--



With nationals it is sometimes a "now or never" waiting situation. A well
known collector/dealer from South Carolina last year paid I think it was over
$200,000 for a rare South Carolina national at an auction. He had been looking
for this note for decades to complete his SC national collection. He said the
price was crazy but he was not going to be denied.

(John Stone) wrote in message . com...
rosit (Jim) wrote in message ...
(Lyntoy1) sez....

In a previous thread I had asked about Evansville notes and several folks
responded or e-mailed that they are fairly common.

I don't remember anyone saying they were common. I may have said (didn't
Google) that a "certain" EV bank was more common than other EV banks, but I
know I metered it with my standard disclaimer that ALL National Bank Notes are
regarded as scarce in general.

As John said, there is NO comparison to coin mintage whatsoever and even
amongst paper money collectors, NBN are generally tough puppies to collect. I
probably even said that collectors don't look at grade so much as the location
of the note; the bank. Being such low population items, grade is always
secondary to the location.

I think you're wishfully thinking one is going to fall out of the sky at less
than $75-100.

Probably ain't gonna happen.

There may "very" easily be less than a half dozen known examples of most of the
various banks I listed for you, in existence. Can you fathom that? It's tough
for a coin collector to wrap his arms around, but for NBN collectors, it's a
daily reality.

Other than a few states/cities/banks that are sentimental to me, I don't
collect much NBN. It's a hobby for masochists. A real waiting game....

Always here for my fellow syngraphist or oenophile.
--=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=----=*=--



With nationals it is sometimes a "now or never" waiting situation. A well
known collector/dealer from South Carolina last year paid I think it was over
$200,000 for a rare South Carolina national at an auction. He had been looking
for this note for decades to complete his SC national collection. He said the
price was crazy but he was not going to be denied.

Chambliss's book describes the T2 $5 and $10 small size notes of the
Citizens NB of Evansville as hoard notes. Hoard notes commonly exist
in quanities of several dozen or more for ss NBN's in AU or better
condition They are common enough that they should be in the bottom
price range for their type if they are from a common state( having 50
to a 100 or more copies of a single note insures that both the bank
and city it is in will be considered common). They are common enough
that they should appear regularly for sale in BNR. The most common of
the hoard notes($5 T2 FNB in Wichita and $10 T2 FNB of Easthampton
Mass. for example) exist in the hundreds, sell for a slight discount
vis-a-vis other common banks in CU(often being bought by ss type
collectors) and show up for sale in about every other issue of BNR.
However most NBNs are not hoard notes(or those few notes that exist in
larger quantities in circulated condition), as can be seen by looking
at any NBN dealer's listings.

The most common of
the hoard notes($5 T2 FNB in Wichita and $10 T2 FNB of Easthampton
Mass. for example) exist in the hundreds, sell for a slight discount
vis-a-vis other common banks in CU(often being bought by ss type
collectors) and show up for sale in about every other issue of BNR.
However most NBNs are not hoard notes(or those few notes that exist in
larger quantities in circulated condition), as can be seen by looking
at any NBN dealer's listings.


There was a hoard of small size nationals
from a bank in Michigan that hit the
market just in the past few years. Can't
recall the bank right at the moment but
they probably exist in the hundreds, along
with the singles there are sheets available from this one bank.

(JSTONE9352) wrote in message ...
The most common of
the hoard notes($5 T2 FNB in Wichita and $10 T2 FNB of Easthampton
Mass. for example) exist in the hundreds, sell for a slight discount
vis-a-vis other common banks in CU(often being bought by ss type
collectors) and show up for sale in about every other issue of BNR.
However most NBNs are not hoard notes(or those few notes that exist in
larger quantities in circulated condition), as can be seen by looking
at any NBN dealer's listings.


There was a hoard of small size nationals
from a bank in Michigan that hit the
market just in the past few years. Can't
recall the bank right at the moment but
they probably exist in the hundreds, along
with the singles there are sheets available from this one bank.



That would be the FNB of Cassiopolis. The bulk of its' notes are T1
$5's, most in the form of full sheets. Other notes of the bank are
available in greater numbers then you would expect for a small town
bank. If all the sheets were cut up the T1 $5 would be up there with
Easthampton and Wichita as well as the bank, being, by far the most
common Michigan bank. As it stands now, this is the bank to get if you
need only a single NBN full sheet and is still one of the most
available Michigan banks.