January 2022 Greensheet Market Report: New Year, New Greensheet
As we enter 2022, what better way to get the year started by offering you, our subscribers a refreshed and expanded Greensheet.
As we enter 2022, what better way to get the year started by offering you,
our subscribers a refreshed and expanded Greensheet. As we are always in
the process of reviewing our publications and pondering ways we can make
them better, we realized that the Greensheet, while greatly improved since
2015, was the final product that didn’t conform to our overall design
standard. As a result, we have redesigned the cover and added four pages
which has allowed us to add more pricing. This additional pricing in is the
form of the complete Continental Currency series (102 notes) and the
complete Confederate States of America (CSA) series (72 notes). While this
pricing has been available to annual subscribers for quite a while in an
online-only format, adding it to the printed Greensheet makes it available
to a wider audience. There are, however, some important aspects to this
pricing that differs slightly from Federal currency. Clearly when it comes
to Continental notes, there will be a larger amount of Details or Net
graded pieces in the market. The prices listed here are for problem-free
notes, and notes with problems will trade for a discount depending on the
severity of the problem. For Federal notes, the prices in grades CU63 and
higher are intended to be for notes with the EPQ and PPQ designation. This
is sometimes overlooked but it does come into play when I am doing pricing;
for example, I do not penalize the price on a Large Size Legal Tender if a
CU64 graded note that does not have such a designation sells cheaply. For
Continental, this does not apply because the manufacturing standards and
conditions were so different as compared to a Federally produced note.
Thus, a Continental with the EPQ/PPQ designation will command a premium. It
is also important to keep in mind that all note graded by PMG CU65 and
higher automatically have the EPQ designation. When it comes to Confederate
notes, much of the same applies. Made in even more dire circumstances than
Continental notes, the paper varieties, crude cutting from sheets, and
inconsistent inking make valuation tricky. The pricing contained here is
for problem-free pieces, but collectors should realize that for scarce
types a note with problems may be the only one available on the market and
thus will command a strong price. As is well-known, for example, the
majority of the Montgomery notes (T1 to T4) in existence have some sort of
issue. Also, CSA notes can have numerous varieties, as cataloged in Pierre
Fricke’s excellent book. The CSA pricing here is for notes of the most
common variety; scarce and rare varieties will be substantially more
valuable. Lastly, this the initial pricing; I fully anticipate numerous
updates over the next couple of months. Please send pricing feedback to
pricing@greysheet.com. We have also added a graphic on the cover which
displays the amount of price changes in each issue. Occasionally there are
those who do not think there is much price movement from issue to issue;
this month we have 208 price updates.
Of course, each January brings the FUN Convention and all of its related activity to get the year started. The Heritage U.S. currency auction features 1,185 lots, with 195 of the best pieces making up the Platinum Night session to be held January 7th. The February issue will feature extensive coverage of the sale.

Download the Greysheet app for access to pricing, news, events and your subscriptions.
Subscribe Now.
Subscribe to January 2022 edition of Greensheet for the industry's most respected pricing and to read more articles just like this.
Visit these great CDN Sponsors
Author: Patrick Ian Perez

Please sign in or register to leave a comment.
Your identity will be restricted to first name/last initial, or a user ID you create.
Comment
Comments