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d4rkdr1ft3r
Feb 12, 2009, 06:13 PM
I have a silver dollar certificate circa 1928. I wanted to know the value of this bill. The information I can provide are as follows:

It has blue seal
The letter next to the date is B (so the date is 1928 B)
The name of the secretary of the treasury is Ogden L. Mills
Serial number is D05415608B
The bills quality looks like it was used often but there are no tears, just a lot of creases
The name of the treasurer looks like it says N.O. Woods

Please let me know if there is any value to this dollar bill..

Clough
Feb 13, 2009, 01:38 PM
Hi, d4rkdr1ft3r!

What do you think the graded condition of it is according to the information that is quoted below, please?

From your description, it sounds like it might be in the Fine to Very Fine graded condition. However, you can see your note, we can't. If you could post an image of it here, that would be great!

What is posted below is quoted from the following site and is for paper currency. 1.9) How do you grade the condition of paper money? (http://www.faqs.org/faqs/coin-collecting/paper-money-faq/section-15.html)

1.9) How do you grade the condition of paper money?

The condition of a note is critical to its value. Lowering the
grade of a note one notch can decrease its value by 1/3 or even
1/2. An expensive note which falls between two categories might
be worth a thousand dollars more in the higher category than the
lower one. Thus, it's often important to be more precise than
using a limited number of categories.

But here's a general guideline. Note that many dealers have
slightly different grading systems, especially with various
sub-grades of uncirculated. There's no official system of grading,
unfortunately. But these are pretty much universally accepted.
I've received a lot of input and tried to hammer out the best
descriptions for each category.

Crisp Uncirculated, UNC or CU: This means absolutely not the
slightest sign of any handling or wear or folding or *anything*.
Some people use additional grades to distinguish qualities such
as perfect centering or other printing characteristics. Certainly
a note which has centering problems which are visible from a
distance of 1 meter (3 feet) should have this mentioned in the
condition description.

Almost Uncirculated (or About Uncirculated), AU: This means there
is a slightly detectable imperfection such as a counting fold on one
corner or slightest fold in the center (nothing which breaks the
surface of the paper) or a pinhole. At first glance it looks like
an UNC note.

Extremely Fine, EF or XF: Generally three light folds or one strong
fold which breaks the surface. There may be slight rounding at the
corners.

Very Fine, VF: May have several folds although the note is still
crisp and has a minimum of dirt. There may be minor tears or very
small holes but nothing which distracts from the overall appearance
of the note. Take an uncirculated note and crumple it once in your
hand, then flatten it out: this is a Very Fine note. Repeat the
crumpling and it's still pretty much a VF note.

Fine, F: A circulated note where individual folds and creases may
no longer be visible. To distinguish this from a VF note, when
inspecting a Fine note, it clearly does not look like a note which
has merely been crumpled a few times: It doesn't have the crispness
and brightness of a VF note. No tears may extend into the printing.
This is your average in-the-wallet note.

Very Good, VG: Tears and small holes can be present. The note is
not crisp at all. The is your lower quality in-the-wallet note.
Lots of people on the 'net don't realize that a note in "very good"
condition is really pretty lousy.

Good, G: Small pieces missing, graffiti. A worn out note.

Fair: Major tears, etc. A badly worn out note.

Poor: Even worse.

To grade a note precisely, it can help to hold the note about
20 cm (7 inches) under a strong light source (use the same source
for comparing notes) and on top of a white piece of paper and
use a 3x or 4x power magnifying glass. Make sure your hands are
clean before handling a note. This method will show a lot of
minor imperfections which are not normally visible.

Note that note from many countries have standard features which
exist for even Uncirculated notes. Some notes from Bangladesh,
Bhutan, Burma/Myanmar, India, Nepal, and Pakistan are only found
with staple holes where staples are always used to hold packs of
notes together. Most dealers list Uncirculated notes of this type
as having the usual staple holes (often abbreviated as uSH-UNC).

Also, some notes printed in France (for about 15 different
countries) have a slight crinkle effect.

Thanks!

Flying Blue Eagle
Feb 14, 2009, 09:51 PM
d4rkdr1ft3r - THE 1928B- SILVER CERTIFICATE YOU HAVE IS AS FOLLOWS OUT OF THE 2009 RED BOOK ON US currency
1928B-BLUE SEAL,-SIGNATURES ARE -WOODS AND MILLS::: VF-20 UNC-63
#1602.- $ 25.00 $ 60.00
#1602 * -$200.00 $ 1,000.00 THIS IS A CLOSE CALL AND IT MIGHT ONLY GO AS {F-12 OR F-15 ) IM only guessing Without actually seeing the note;
,




{A LITTLE HISTORY ON THE 1928 SILVER CERTIFICATES::
OF THE CHANGE FROM THE LARGE NOTES TO THE SMALL}
SILVER CERTIFICATES OF THE SMALL SIZE WERE PRODUCED IN DENOMINATIONS OF $1.00, $5.00, $10.00. THE EARLIEST ISSUES THE $1billsWERE IMPRINTED as the series of 1928,ALTHOUGH THE SMALL SIZE FORMAT WAS NOT ACTUALLY INTRODUCED Until "JULY 10, 1929" THE 1928 series alone is "PAYABLE IN " " ONE SILVER DOLLAR" LATER $1 DOLLAR BILLS AS WELL AS ALL THOSE OF THE OTHER DENOMINATIONS ARE " PAYABLE " " IN SILVER OR IN " SILVER COIN" < BUT HAVE NO MENTION OF " SILVER DOLLARS } HAVE A GOOD DAY AND GOD BLESS :: I HOPE THIS ANSWERS YOUR QUESTIONS :: F.B.E.