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Guess Which Note Worth More?

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In the International Paper Money Show in Memphis June 12-15, 2014, two U. S. 3 Cents 1863 notes were sold in the auction. One was Graded PCGS Gem 65 PPQ and sold for $300. The other graded Ch. CU sold for $80. Can anybody guess which one worth more and why?




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I would guess the second sold for more since the first has the splotches all over it. Purely a guess and, since you're asking, probably an incorrect guess. :) Although, the first has much better margins.


There's a pretty interesting editorial in the IBNS magazine I got recently talking about the value of TPG's to the world collector community.

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