Most members in our club and especially those that have a connection to heritage have a VERY good understanding of the determination of Value.
Value is determined directly by supply and demand (Unless the Government steps in and then value is what they tell us it is).
You feel that the value of your Error note is $150. What if no one anywhere is willing to purchase it for $150? What is the best offer you received for the next 10 years is $50?
Is the "Value" of that note still $150
Are others foolish because they dont know the value as being $150 even though no one on the planet will buy it for that?
I am just using this as an example to show how value is determined and not talking specifically about your note as I have no direct knowledge of paper money values.
As Mike said, the very best determination of what something is worth is to see what people are paying for it. What better way to do this than to look at the largest sample set of sales available online which is Ebay.
Just a point to consider from someone who has been collecting and dealing for over 40 years.
Doug
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