Not every auction sale is listed here. This is especially true for eBay. There are a few sellers at eBay that grade their notes so well that I am almost positive that the notes will be upgraded – although, on a few rare occasions, that may be acceptable.
This is my opinion only and in no way reflects on the integrity of any buyer.
One of the three premiere sellers of banknotes at eBay is gerryb7138. On November 22, 2014 he sold eBay item number: 191410607862, a gVF Pre-decimal r15 Coombs/Wilson 1952 Ten Shilling banknote. It was described as …
No Pinholes,tears,nicks,stains or other blemishes.
Couple of vertical creases and a couple of faint teller flick.
A crispy solid and well preserved 10 shilling note.
Worthy of your attention. Grade:Good VF.
It sold for $198.
At that time the prices this note was fetching was VF # $46 – $105 and for EF # $193 – $222. When assessing this sale I asked myself "what are the chances on an upgrade to EF"? Why would anyone pay that sort of money for a VF graded note – almost a 100% premium? This is a sale I chose not to list because there is no way the average seller is going to get anywhere near $200 for a VF r15 banknote.
Again on November 23, 2014 he sold eBay item number: 201217293273, a gVF Pre-decimal r50 Coombs/Wilson 1950 Five Pound banknote. It was described as …
No tears,pinholes,nicks or other blemishes.
Some light creases and teller flicks.
Well centred and a solid crispy 5 pound note.
Grade:Good VF. It sold for $133.
At that time the prices this note was fetching was VF # $41 – $74 and for EF # $68 – $121. When assessing this sale I again asked myself “what are the chances on an upgrade to EF/aUNC”? Why would anyone pay that sort of money for a VF graded note – another 100% premium? This is another sale I chose not to list because, again, there is no way the average seller is going to get anywhere near $130 for a VF r50 banknote.
BUT, the opposite may also apply – on VERY rare occasions.
On November 17, 2014 gerryb7138 sold eBay item number: 201212267083, an EF Pre-decimal r59 Armitage/McFarlane £10 banknote. It was described as …
A quality 10 pound note, the best I've seen for awhile
No tears,pinholes,nicks or stains.
No creases but one barely noticeable teller flick.
Solid with no weak spots.
Well centered,solid and still crispy 10 pound note.
Deserves your attention.
It sold for $1136 – a new auction high for an EF graded banknote.
At that time the prices this note was fetching was
EF # $640 – $840
aUNC # no recorded sales
UNC # $2280 – $2700.
When assessing this sale I asked myself "why is this graded as an EF note"? If it really only has "one barely noticeable teller flick" then it should have been graded as aUNC. And, as we are all aware, there are many sellers who would grade this note as UNCIRCULATED – perfect UNC with the "usual" teller flick. Nevertheless, I listed this as an "aUNC" sale. So, there we have both sides of the coin[that’s a pun].
A final note regarding gerryb7138. When he sells banknotes graded as UNC quite often the sales price is within the listed fluctuations. It's only when the note can be "upgraded" does it command a premium. On December 12, 2014 gerryb7138 sold eBay item number: 191432205475, an UNC pre-decimal r613L 1991 Fraser/Cole $100 banknote. It sold for $199, well below the $250 – $275 high range that was usual for this note.