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How To Value An Rn Check Or Document

 
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Rest in Peace
United States
1225 Posts
Posted 07/22/2011   7:43 pm  Show Profile Bookmark this topic Add artlaunier to your friends list Get a Link to this Message
According to Scotts;
"Values for types A-O are for clear impressions on plain entire checks and receipts. Attractive documents with vignettes sell for more. The value of individual examples is also affected by the place of use. Territorial usage generally sells for more than similar item from new York City. Values for types P-W are for stamps on documents with attractive engravings, usually stock certificates, bonds and insurance policies. Examples on plain documents and cut squares sell for less."

That being said, "attractive" is subjective and I'm sure is why individuals pay the higher price for particular documents.

My main question concerns the location and bank name of the document. If not territorial usage and aside from the vignettes on the document what then determines value? Is there a reference work indicating that a RN from such & such bank in such & such city has more/less value than others?

I have dozens of RN-G1. Not counting those having territorial usage, is the value of those pretty much the same?

When I see a RN check or document, I check my lists and if I don't have an example, with that usage, and the one I'm looking at is "attractive", to me, I want it and will bid it up, perhaps more than catalog value.

So, how do others place a value on a RN document?

Art
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A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. (The exact & entire wording of the 2nd Amendment to the U.S. Constitution)

Rest in Peace
United States
1225 Posts
Posted 09/01/2011   7:37 pm  Show Profile Bookmark this reply Add artlaunier to your friends list  Get a Link to this Reply
No response so I'll ask the question another way. I have seen 100s of checks using a RN-G1 and the starting price or buy-it-now price differs between them, all from the same reputable revenue dealer. What determines the value of a check that has the same RN number? More importantly, is there a reference book that provides this information?

Art
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A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. (The exact & entire wording of the 2nd Amendment to the U.S. Constitution)
Pillar Of The Community
United States
1721 Posts
Posted 09/01/2011   10:10 pm  Show Profile Bookmark this reply Add revstampman to your friends list  Get a Link to this Reply
Ok Art, I'll try to explain it.
Some checks as I'm sure are aware carry a premium based on usage, signatures etc. so I will forgo discussing those. Basically you have to think 2 ways. 1st group would be simmiler to topical collectors. a check with a well engraved Train will interest train collectors. But not a Flag collector.
2nd are those who look at the engraving as art. This is the group I fall into. I look at the minor details and overall engraving quality. Then you also need to factor in the uniqueness. A unique design will sell for more $ than a stock engraving. For example J.C. Hall printed generic checks by the 100,000's just changing the bank name. Finally for both you have to consider what will the market bear.
So, the true answer is their is no real answer. Except, How much can I get for this!
I hope this helps, a least a little.
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Rest in Peace
United States
1225 Posts
Posted 09/01/2011   11:12 pm  Show Profile Bookmark this reply Add artlaunier to your friends list  Get a Link to this Reply
revstampman,

I guess I'm trying to make it more than it is. In this hobby of ours there are catalogs and list that cover about everything. In this case, I suspect, its really all about knowledge, experience and market place.

Thanks again revstampman,

Art
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A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. (The exact & entire wording of the 2nd Amendment to the U.S. Constitution)
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