Instructions for Selling a Matched Pair at Great Collections Auction House | | |
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| | Quite often when two individuals are informed by Project 2013B that they each own one-half of a matched pair, there is confusion (particularly among non collectors) as to what the next steps should be. |
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| | I am pleased to offer this set of instructions for selling which involves LESS (but not all) 'trusting the other guy' This process is for cases where both owners want to sell the matched pair, but it could also be a viable solution when negotiations are at some impass. |
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| | Most of these steps document the real life experience of two owners who submitted their bills to the auction house GreatCollections. At the time of writing (March 2023), the grading companies that certify and grade banknotes had a backlog of anywhere from 60 to 120 days! It has probably improved since then but brace yourself for delay. |
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| | Please read ALL of the steps before doing anything. *IF* you still do not feel comfortable trusting the 'other guy' with the auction happening under their account, or shipping your bill to them (as described in step x), Project 2013B offers a consignment service described at the following link |
| | https://project2013b.blogspot.com/p/consignment.html |
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| 1 | | a) Firstly you will need to decide under who's account the matched pair will be auctioned off at the auction house 'GreatCollections'. The amount the matched pair sells for will be paid to that account holder within 30 days, and once received it will be up to the account holder to cut a cheque to the other consigner for his share of the auction proceeds. |
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| | b) Each banknote owner (consigner) needs to go to the GreatCollections (auction house) website to open a free acount. |
| | https://www.greatcollections.com/ |
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| 2 | | Each banknote owner (consigner) clicks on the register button to set up their own account. Any questions can be directed by e-mail at info@greatcollections.com or telephone 1-800-442-6467. |
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| 3 | | Each banknote owner (consigner) should arrange when they will ship their banknote to GreatCollections in such a way that both notes arrive close to the same day.
E.g. both agree to send ship your banknote by courier on Wednesday so it meets whatever your courier's requirment is for guaranteed next day delivery.
The less delay between each note arriving at Great Collections, the better because of Murphy's law. Your GreatCollections account will allow you to login and see your banknote's status (when it has been received, etc). Keep screenshots, and a copy of your courier tracking number, and whatever else documentation in case you don't 100% trust the other guy.
Admittedly, the process would go smoother if one owner submits both bills as it would involved less human intervention on the auction house's part (it is not the norm for 2 or more items arriving from different owners to be auction as one lot). If either of you is still uncomfortable with this (or step1), the only real option at this point is the Project 2013B Consignment Service as described at the following link: |
| | https://project2013b.blogspot.com/p/consignment.html |
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| 4 | | If you decide to ship USPS Priority Registered, you must be sure to seal the box with brown kraft paper packing tape (available at HomeDepot, Staples, etc). Clear or plastic tape is not acceptable. The Postal worker will stamp "Registered" in red ink all around the paper tape. This will prevent tampering with the package. Insure your package for half of what you hope the complete pair will sell for at auction (use previous auction results as a rough guide. I maintain a list of known auctions at: |
| | https://project2013b.blogspot.com/p/auction-history-for-2013b-matched-pairs.html |
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| 5 | | Follow the consignment process shown at the following link: |
| | https://www.greatcollections.com/kb/Useful-Instructions-for-Consigning-to-GreatCollections-t275-4.html |
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| | The Consignment Form you will need to fill out is the one for 'Raw Paper Money' located at: |
| | https://www.greatcollections.com/main-sell |
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| 6 | | Fill out the consignment form. For item #1 you will enter: |
| | Date: 2013 |
| | Denom: $1 |
| | Serial #: The serial number of your bill including the 'B' and the star. e.g. B05654321* |
| | Value: this is okay to leave blank |
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| 7 | | In order for your bills to be auctioned at GreatCollections (and all other auction houses for that matter), you must get your bill graded, which GreatCollections will do on your behalf. Choose the following: |
| | PCGS (U.S. and World) and select the 2nd option which is PCGS Express ($30 each note, max value $10,000, 5 day turnaround) |
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| | **BOTH consigners ABSOLUTLEY MUST select the same grading company. If each note is graded by different companies you will NOT maximize your final sale price and just make life difficult. I suggest PCGS over PMG because PMG does not currently put the word ERROR in their certificate descriptions which is what these banknotes TRULY ARE. Bidders will bid higher for an 'Error' than simply 'Duplicate Serial Number'. |
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| 8 | | Under Minimum Bids section, select: All currency start at Minimum Bids set by GreatCollections |
| | [Recommended] |
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| 9 | | At the bottom of the form, under Special Instructions, add the following note (word for word): |
| | This bill is one-half of a 2-piece set which is a Series 2013 $1 New York Federal Reserve Star Notes featuring Duplicated Serial numbers (Production Error). A set similar to this was auctioned at GreatCollections under GC Item ID 1321923. This link gives more detailed information about the error: https://bit.ly/3SbKr8c |
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| | The other bill is being sent in to GreatCollections from [Insert full name] from [city, state]. It is our intention to have BOTH notes graded by PCGS TOGETHER, with the designation of "Production Error w/ Duplicate Serial Numbers", AND with the additional designations of: |
| | Note 1 of a Duplicate S/N Pair" for the Fort Worth bill (Fr.3001-B) |
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| | Note 2 of a Duplicate S/N Pair" for the Washington DC bill (Fr.3002-B) |
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| | Following grading we wish the graded bills to be sold as a 'complete pair' at the next available auction at GreatCollections as a "Duplicate S/N Pair (Production Error)", and all proceeds split equally between the two consigners (minus grading fees). |
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| 10 | | IMPORTANT: Send your bill (and filled out form) to the shipping address shown on the form but preface the shipping address with the following: |
| | c/o Andy Wedding |
| | Consignment Director |
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| 11 | | This page is subject to change, updates, and refinements. Always check back here before you send your bill, in case something has changed. |
| | Last edited: October 23, 2023 |
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Options if all else fails | | |
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| | The following services are now offered by Project 2013B after witnessing first hand the high level of mistrust among two co-owners of a matched pair, or simply differences of opinion. Some will reach an impass in which one owner only wants to sell, while one owner only wants to buy the other owner's bill. In cases like this, I think the only fair option is for both to sell (the alternative is holding onto your single bill which by itself is NOT a complete pair, which is where the real value is). |
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| A | | If you just want to sell your bill to the other guy but you don't trust the other guy, or simply don't feel comfortable sending your bill (or payment) to what essentially is a stranger. |
| | I would facilitate a transaction where the seller sends his banknote to me, while the buyer sends the amount agreed to buy the banknote plus a fixed fee for my service. That process is described in detail at the following link: |
| | https://project2013b.blogspot.com/p/escrow.html |
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| B | | If you both want to just sell your bills at auction, but ..
a) Do not trust the other guy to keep their end of the bargain
b) Just feel uncomfortable with some aspect of the Great Collections process
c) Just want a 1-stop shop in which Project 2013B would do it all for you |
| | The very short summary of the Project 2013B Consignment Service is both owners individually send their bills to Project 2013B, and I handle the entire process of selling your matched pair (including grading/certification of both bills as a pair). That service is described in greater detail at the following link: |
| | https://project2013b.blogspot.com/p/consignment.html |
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