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Coin and Paper Money Collecting/$5.00 Nat'l Bank Note dated 1923 from Franklin National Bank of Jersey City

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Expert: - 6/27/2011


Question
Large $5.00 Nat\'l Currency
Large $5.00 Nat'l Curr
Hi Mr. Fern,

I asked a question a few months ago about what a large blue seal $5.00 National Currency bill issued by Franklin National Bank of Jersey City and dated January 22, 1923 might be worth.  You asked for more info, and I scanned the bill and sent it to you.  

I was wondering if you know where I might go in Los Angeles or the surrounding area to sell this item.  I think it is in very good condition with no tears.

Answer
Hi Again Lynn:

Thanks for the opportunity to answer another of your questions.

I would recommend you get at least two estimates from professional coin dealers (PNG) or (NGC). I've listed two links for you to find them in your area. Link: http://www.pngdealers.com/dealersearch.php or http://www.ngccoin.com/services/dealer_listing.asp?state=CA

If you want a recommendation, I'm familiar with Barry Stuppler & Company Inc. in Woodland Hills, CA; D.H. KETTERLING, WESTLAKE VILLAGE, CA; GILLIO & ASSOCIATES, Toluca Lake, CA; Liberty Coin Galleries, Signal Hill, CA; Superior Galleries, Inc., Woodland Hills, CA; and Southland Coin & Currency, Woodland Hills, CA. Contact information is posted on the links I provided.

Dealers normally pay between 50% to 60% of retail for items they want.

Please remember to go to the experts site to rate this answer. Check the nomination box on the rating page below any comments you may have.

Thank You and Continued Good Luck in your collecting.  
    Questioner's Rating
    Rating(1-10)Knowledgeability = 10Clarity of Response = 10Politeness = 10
    CommentMr. Fern is very knowledgeable and was an excellent source of information. He was able to point me in the right direction, and throughly answered more than one of my questions. I believe him to be very articulate and credible. I would recommend Mr. Fern to anyone wanting an answer about old paper money, and its possible worth. Very professional. Lynn Godley


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Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributer to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency currently at my space in the Pomona Antique Center. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

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