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CPG CURRENCY PRICES

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elcome to the first ever CDN Currency CPG. This is the first time these prices have ever appeared in print. As I mention in my intro to the coin pricing, for years there have been various sources of pricing for United States paper money, whether books or periodicals, that were updated at varying intervals. Meanwhile, dealers for years have been using the CDN Greensheet to base their buy and sell prices, but when collectors went to buy from dealers there was a disconnect. For a collector, the price they pay is the most important consideration—most of the time—when deciding to

WINTER 2018

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he CDN Collector’s Price Guide for United States currency are retail values for virtually all Federally-issued paper money from its inception through the series of 1950. This includes Legal Tenders, Silver Certificates, Gold Certificates, Treasury (Coin) Notes, Nationals, Federal Reserve Bank Notes, and Federal Reserve Notes. All of the CPG prices are directly based off of the wholesale prices found in the CDN Currency Dealer Newsletter, commonly called the “Greensheet.” The Greensheet has been the standard wholesale price guide for United States currency since 1980, and is updated monthly with the most recent sales data available.

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rices are for accurately graded notes, raw or certified, although most high grade notes are bought and sold certified by one of the two third-party grading services, PMG and PCGS Currency. It is important to understand that the prices for notes graded CU63 and higher are for notes that have been given the Premium Paper Quality (PPQ) or Exceptional Paper Quality (EPQ) designation by PMG or PCGS Currency, respectively. Notes without this designation may trade at a discount to published prices. Visit each grading service’s website to understand what characteristics qualify a note for these designations.

make a purchase, and when one has confidence in the available price guides they are more likely to buy. This is the goal of the CDN CPG. By creating retail prices that are derived from wholesale, a reasonable spread is created, from which dealers and collectors may negotiate a fair price. It should be recognized by collectors that dealers make their living buying and selling, and it should be recognized by dealers that they will create long-term business relationships with collectors when they are upfront and ask fair prices.

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or those who may have never seen a Greensheet before, the CPG is laid out in a similar fashion, with prices in eleven different grades covering both large size and small size notes. This CPG also includes Fractional currency. One question that we receive often is why our coverage of small size Federal Reserve Notes stop at series 1950. The primary issue with pricing these notes is that because there is a note for every district for every denomination (in most cases), they take up a large amount of space, and in all but the highest grades many of the notes are worth face value or slightly above. This would create many repetitive listings. However, in the future we do plan to individually price better notes across this type, including replacement notes. In the meantime, enjoy this first iteration of the CDN Currency CPG. As it is our first go, we don’t claim to be perfect, so we welcome feedback at editor@ greysheet.com

© Copyright 2017 All Rights Reserved. Unauthorized copies or distribution is prohibited.

CPG® LEGEND/KEY THIS IS A KEY TO THE ABBREVIATIONS USED IN THIS PUBLICATION. CPG–Collector’s Price Guide DMPL–Deep Mirror Proof Like PL–Proof Like (Morgan Dollars) FB–Full Bands (Mercury & Roosevelt Dimes) FBL–Full Bell Lines (Franklin Halves) CAM–Cameo

DCAM–Deep Cameo FH–Full Head (Standing Liberty Quarters) FS–Full Steps (Jefferson Nickels) BN–Brown RB–Red & Brown RD–Red

COIN GRADES G–Good-4 VG–Very Good-8 F–Fine-12 VF–Very Fine-20 XF–Extra Fine-40 AU–About Uncirculated-50 MS60–Mint State-60

MS63–Mint State-63 MS64–Mint State-64 MS65–Mint State-65 MS66–Mint State-66 MS67–Mint State-67 OGP–Original Government Packaging

CURRENCY GRADES VG–Very Good-8 F–Fine-12 VF–Very Fine-20 XF–Extra Fine-40 AU–About Uncirculated-50 CU60–Crisp Uncirculated-60

CU63–Choice Uncirculated-63 CU64–Very Choice Uncirculated-64 CU65–Gem Uncirculated-65 CU66–Gem Uncirculated-66 CU67–Superb Gem Uncirculated-67

Use of the Friedberg numbering system is granted by license from the Coin and Currency Institute, Inc. Publishers of “Paper Money of the United States” P.O. Box 399, Williston, VT 05495 wwww.greysheet.com/currency-prices | CPG ® MARKET REVIEW | Page 81

Profile for CDN Publishing

CPG Coin & Currency Market Review - Winter 2018  

The CPG Market Review is a quarterly publication with CPG pricing listed for all items in the U.S. coin and currency we cover. This first is...

CPG Coin & Currency Market Review - Winter 2018  

The CPG Market Review is a quarterly publication with CPG pricing listed for all items in the U.S. coin and currency we cover. This first is...