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 Replies: 56 / Views: 7,158 |
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Pillar of the Community
 527 Posts |
Quote:
Some people just don't take the time to read. That's probably the reason why the $1 bill is so accepted in its FRS form after a slow transformation from silver certificates to United States notes to Federal Reserve notes. What do people not take time to read? What are you talking about? |
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Pillar of the Community
United States
2295 Posts |
Silver certificates are still accepted as valid money though. It is no different than spending wheat cents or silver quarters for face value in every day transactions at any business.
And a note, on the silver certificates, I wouldn't save any that were torn or badly beaten up. You can look them up in a book and see what they are worth first, though, before spending them. Any that are CU or near CU, are definitely worth saving. Try a library or a book store. You should find some books on them there on grading and values for a ball park figure (like if they are worth more than face in that condition).
Edited by wquinn
01/26/2012 10:24 am
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Pillar of the Community
527 Posts |
I picked up 4 more $5 silver certificates from the teller today. Quote:
Silver certificates are still accepted as valid money though. It is no different than spending wheat cents or silver quarters for face value in every day transactions at any business.
And a note, on the silver certificates, I wouldn't save any that were torn or badly beaten up. You can look them up in a book and see what they are worth first, though, before spending them. Any that are CU or near CU, are definitely worth saving. Try a library or a book store. You should find some books on them there on grading and values for a ball park figure (like if they are worth more than face in that condition). I appreciate your input but I am going to keep ALL of the certificates that I get unless one is literally torn to pieces. Most of them are a bit banged up and not many of them are CU, if any at all but these are so hard to find in circulation, that I think buying them for 5 dollars a piece is a bargain. |
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Pillar of the Community
527 Posts |
I picked up four certificates three days ago. That gives me 61 total with 36 left to pick up!
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Valued Member
United States
325 Posts |
I think you did fine picking them up at face. If you just sell one for $6.00, you can say you made a profit on the purchase and smile all the way back to the bank.  |
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Pillar of the Community
527 Posts |
Yes you are right but a lot of them aren't in the best of shape. There are a couple with some small tears and some that are just totally beat up. But as you said, I paid only face value for each one so it really is a win-win situation for me! A lot of us have found some nice finds at face value from circulation. That's what makes this hobby what it is (and that is fun!)
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Bedrock of the Community
United States
14454 Posts |
I purchased 20 $5.00 SC for $6.00 a piece on ebay about a year ago. I don't know if the value has gone up since then but I got them to give out to a few kids when I went to school in my daughters class to talk about old US Currency and coins |
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Pillar of the Community
527 Posts |
I bought two more silver certificates from the bank today. That brings my total to 63 with 34 left to purchase. Quote:I purchased 20 $5.00 SC for $6.00 a piece on ebay about a year ago. I don't know if the value has gone up since then but I got them to give out to a few kids when I went to school in my daughters class to talk about old US Currency and coins That's a good deal to get them for, but I do not think you should have given all of them out =[ |
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Pillar of the Community
527 Posts |
I picked up 1 more certificate with 33 left to purchase for 5 dollars a piece!
And once I get enough money, I am going to buy a Series 1934 50 dollar bill that my teller found for me. I like those old bills that say "Will Pay To The Bearer On Demand".
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Valued Member
United States
141 Posts |
It sounds like this bank is really working out for you. But perhaps keeping $500 worth of these notes is not necessary. If you sell a few of them for a profit then you can use the extra money to purchase the 1934 $50. You could get the Fifty with only taking $45 out of your pocket. That would also be a good deal.
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Pillar of the Community
527 Posts |
Quote:
It sounds like this bank is really working out for you. But perhaps keeping $500 worth of these notes is not necessary. If you sell a few of them for a profit then you can use the extra money to purchase the 1934 $50. You could get the Fifty with only taking $45 out of your pocket. That would also be a good deal. Once I buy all the 5 dollar certificates, I may consider trying to sell some, but I really do not want to because of their age and this is a steal at 5 dollars a piece. It's something I will think about. |
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Rest in Peace
United States
7075 Posts |
I'm glad the notes have found a good home. You saved them from the shredder. And I think it was a good move to take them all. If you're only paying face value you can pick over them later and not annoy the teller. And who knows? Maybe there's a binary or radar in there!?!
As for the torn and wrinkly bills -- I have to say, when I was a kid I would have been thrilled to have one of those. So even if you don't make money on them, sell them for face to a YN.
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Pillar of the Community
527 Posts |
^ What does "YN" stand for?
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Valued Member
United States
141 Posts |
Correct me if I'm wrong. I believe "YN" is young numismatist.
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Valued Member
United States
275 Posts |
This definatley deserves an Wow
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Replies: 56 / Views: 7,158 |
First Page
Posted 01/26/2012 10:24 am
