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 Replies: 19 / Views: 4,763 |
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Bedrock of the Community
United Kingdom
18000 Posts |
I got an old style FRN $5 as a tip last summer from an American customer while working as a tour guide, and spent it in Florida in December - it wasn't in particularly great shape and I had a better one saved in my collection.
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Valued Member
United States
80 Posts |
I don't keep any. There are plenty of people who are collectors who hoard them and I just can't for the life of me understand why. They will never go up in value much because there were so many printed and so many non collectors began hoarding them thinking they would one day be worth a fortune when they got replaced by the new styles. It's currencies equivalent to the $1 Sacagawea coin lots of non collectors are sitting on them waiting for the day they can sell them to become instant millionaires. All the while not realizing that everybody has them, the mintages/printings are huge and that they are worth less now then the day you collected them.
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Valued Member
United States
116 Posts |
I can't remember the last time I have seen one... been a very long time!
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Pillar of the Community
United States
818 Posts |
I have seen them get circulated TWICE, the rest of the ones I have are from the tellers saving them for me. I have 3 small portrait 10's, and saw a 4th in a cash drawer, but told the cashier to give it out as change to someone who seemed interested.
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Pillar of the Community
United States
4637 Posts |
Although this thread is five years old, I thought I would revive it. I've been thinking about how often I see small portrait (pre-1995) notes in circulation. Not too often. I'm guilty of using my debit card way to often and sometimes the only way I get cash is through bank/ATM withdrawals or from cash-back after a purchase. Most cash-back transactions are $20's and ALL have been large portrait notes. It's been over 20 years since the change and except for the $100, that's a lot longer than the average life span of $5's, $10's, $20's and $50's. I'm not saying to keep all small portrait notes you find but if uncirculated, probably yes. If you collect strictly from circulation and the note is uncirculated, definitely yes. The last small portrait notes I received were $100's from a bank withdrawal. This 1995 $20 F-D note was printed in June 1997. The last small portrait $20 rolled off the presses in December 1997.  |
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Moderator
 United States
189767 Posts |
Quote:
Although this thread is five years old, I thought I would revive it... A very nice example to bump this topic! Well done.  |
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Pillar of the Community
United States
1026 Posts |
I don't get them often, but if I spy a small portrait note, I always will check out the condition to see if it might be worth setting aside.
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Bedrock of the Community
United States
94367 Posts |
Nice-looking early CGA note. I agree, hardly ever use cash any more, much less coins. I have a $20 and a couple of $5s in my wallet that I'll bet have been there for 6 months.
Edited by Coinfrog
09/05/2019 12:26 pm
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Pillar of the Community
980 Posts |
I keep all old small headed bills I get for the 5-100.
I keep all 1993 and before for the 1.
I keep all 1976 and before for the 2 .
I love the design.
I received two old twentys in a span of six months from the same bank branch.
The second one I missed as the teller was counting the money since I saw a big headed non colored bill in the mix and was excited to get it since those are hard to come by now.
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Bedrock of the Community
United States
94367 Posts |
I would rather save up extra cash and buy one note of real interest and appreciation potential than save a bunch of old notes that will unlikely ever be worth more than face. Case in point. Five years ago, I bought this nice raw 1923 horseblanket from a major ebay dealer as Gem 65, original paper, from an original pack for $87. It is certainly all of this - the paper wave is clear through the holder. I could sell it on ebay today (raw with full return) for no less than $130. Is this not a better use of your old notes than saving them?   Edited by Coinfrog
09/08/2019 7:11 pm
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Pillar of the Community
United States
1068 Posts |
I get old (small portraits) quite often from my bank. I have a $20 in my wallet right now. I will generally spend them (unless a star or fancy serial number).
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Pillar of the Community
United States
4637 Posts |
Generally, when I hear collectors say they keep all small head circulated notes, I assume their collection is compromised mostly of circulated notes. Nothing wrong with that. I compare it to coin collectors filling albums. Once a collector crosses that line from a casual/circulation collector to a more serious collector, all bets are off. I've always kept circulated $1 replacement notes. Got a huge stash.  |
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Pillar of the Community
United States
850 Posts |
I work at a bank in Cincinnati and I always set these aside for customers. At one point I had almost $1,000 in small face bills. Nothing too special but some people ask for them and they are simple enough to separate. About once a year I will find a small note bill from the 30's. By far the most commons would be the $20s and $100s but the least common is the $5. I also include BARR dollars in this as well. I get about 5 or 6 a year when counting money.
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Pillar of the Community
980 Posts |
Quote: I would rather save up extra cash and buy one note of real interest and appreciation potential than save a bunch of old notes that will unlikely ever be worth more than face. Case in point. Five years ago, I bought this nice raw 1923 horseblanket from a major ebay dealer as Gem 65, original paper, from an original pack for $87. It is certainly all of this - the paper wave is clear through the holder. I could sell it on ebay today (raw with full return) for no less than $130. Is this not a better use of your old notes than saving them? I assume this is directed at me for what I posted. Unlike what you have shown I do not go after crisp uncirculated bills. I am perfectly happy with circulated bills as long as they do not look like they are going to fall apart if I hold them. Are there bills I have on my list I want in better condition certainly there are. But for most of my bills I can have a circulated example and be okay with it. The way I see it is that ugly bills need love too. And since I do not see either small headed bills or older 1s and 2s but a few times a year I can afford to save them all. Edited by ckrakowski
09/14/2019 3:43 pm
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Pillar of the Community
980 Posts |
Quote:
Generally, when I hear collectors say they keep all small head circulated notes, I assume their collection is compromised mostly of circulated notes. Nothing wrong with that. I compare it to coin collectors filling albums. Once a collector crosses that line from a casual/circulation collector to a more serious collector, all bets are off. I've always kept circulated $1 replacement notes. Got a huge stash. While I save star notes as well I only save them if the have a run of less than 1 million. Most people will not save any unless they have a run of less than 640,000 or 360,000 or something like that. |
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Replies: 19 / Views: 4,763 |
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Posted 02/19/2014 7:15 pm
