LakeAnna

Ok while not a specific coin question but throwing it out there for people who may share some knowledge. I recently came in possession of two pieces of fractional currency. I know not coins but certified thru the NGC currency grading service. One of the graded pieces is a 63 grade 25c fractional 1st issue note. I understand the basics (much the same as coin grades) but my question is on a particular note I now own I'm confused about. It's a "Fr. 1282spnmf/b First Issue 25 Cents Fractional Currency Face & Back Narrow Margins Specimen Note Pair PMG Choice Uncirculated 63". This note (or notes) comes as two separate notes front and back as two separate pieces of paper. I can't find anything why front (obverse) and reverse are on separate pieces of paper. Why is what I have like this? I have attached a photo. I understand the history of functional notes, but why these are two separate pieces of paper and seemingly connected to each other. Is this how people had to use them. So to pay with you had to present both notes? Or it it something totally different? Thank

Ok all, again pardon my inexperience and I tried to look up. What's a bagmark? What does it look like?

Well All: Thank you all for your experience and it is easy for me to mute out insults. I really appreciate those of you who replied with positive comments either good or poor about these type of coins. It will remain in my collection. Outside of this question I finished to date my "life album" every year of my life the proof coin (not sets although I did receive in my dads stuff from 1948 into 2019), so I will continue but also wanted an album with each denomination together. So 1c, 5c, 10c, 25c (uhhgg past the Washington Quarter just too much), 50c, and I stuck to SBA & Sacagawea (I have all presidents in separate sets). Now it will be easy to just keep up.

Yes understand

Thank you Powermad5000 I completely understand this, and FYI the bag of coins was given to me by father's stuff and sat in his safe (with easy to identify mid/high value items). I just was not knowledgeable of this type of item. All I found was lower mintage (as compared to most years) and understand most likely will remain a high survival rate bc sold to collectors. Say in comparison some items may only be in 100k or less range. My question originated from thought of potential other than a bag of halfs. There is high sentimental value anyways. I have been a long time bullion collector and a rookie numasmatic collector. I appreciate people like you who explain vs some who criticize or insult for asking questions in forum designed to interact with experienced collectors. Thanks

Thank you so collection value, and family value, not nessisary a chance there is something inside it worth opening to see. Since it cost nothing basically just coin value. So just leave alone.

Would that get a Details LOL

@Sandon Thank you for all that detail and explanation. I am thinking my dad got this because it was a very low mintage year in many many years. If I read correctly these were only sold through the mint and not put into general circulation. Does that sound correct? To date it remains sealed and untouched for many years. I can only guess he was speculating (like many probably did) if that was the case and got them and threw them in the safe. I will do just do the same. It's interesting RWB states it's fake. I truly doubt that given I have found the same thing currently sold through the mint. Even though kind of neat I guess if he purchased rolls instead there might be a slightly better chance of finding a higher quality one simply because how it would be stored. Not on this matter, I am still confused how many of fairly new coins receive a MS69 grade which I read are mass gradings (typicialy done by PT Collage employees on side job. Just gives me less confidence on the 69's in the collection.

@RBW I just check the mint site and they sell the exact same thing. Mine is 2016, still sealed in shipping box to my dad.

@RBW that's odd I purchased directly from us mint? With 100 coins in a sewn shut Federal Reserve bag with the Federal Reserve tag sewn into the stitching as well?

Yes that all makes sense. I guess what I was aiming for is a MS coin representative of 1% of that year/mint or .01, or greater. I was attempting to put it into frame of reference. Part of this other than curiousosity is also there seems to be very high supply of common modern coins in my lifetime at MS65 - 69. Would it be fair then to say a fairly high percentage remain MS grade level? I totally understand rareness when we go back as early as maybe 60s, and definitely into 1800s-1900.

What would an estimate be out of 100 Kennedy Halfs in a sealed federal reaserve bag end up being of MS or MS65 and above quality? 1 in a 100, 5, 10? Clearly they would be UNCIRCULATED. But Mint State?

Thank you, I started searching for the term and a thread that was relevant. Some forums people answer by saying have you searched yet? But thank you. So I assume I could always submit the slabs for a numerical grade.

I have a question in this regard. I just purchased three NGC slabbed coins that state "Gem Uncirculated", "Gem Proof" and "Gem Reverse Proof" but none of these slabs have a numerical grade? And while they have a NGC serial number there is no specific information on these exact coins? What do I need to learn about this? Help