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 Replies: 56 / Views: 7,164 |
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New Member
28 Posts |
I recently visited a bank and one of the manager stepped out of the office and said someone brought in some $500s to be deposited, from an estate or something...She bought one for herself and some others snatched them up. I asked if the person has been back...
The banks are supposed to return high denominations so that must have been quite a day for those who happened in the teller line on this occasion.
I always ask about what's in the vault. I bought $2000 in $2s but didn't turn up anything special. I have rescued some nice notes from the mutilate drawers however.
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Rest in Peace
United States
9104 Posts |
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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 A collector has a variety of interesting coins/bills. A hoarder has a pile of $5 bills because they were old and cheap. You've come to a fork in the road, grasshopper--take it. |
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Pillar of the Community
 527 Posts |
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A collector has a variety of interesting coins/bills. A hoarder has a pile of $5 bills because they were old and cheap.
You've come to a fork in the road, grasshopper--take it. To make it short and simple, you're calling me a hoarder and not a collector? |
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Valued Member
United States
486 Posts |
From what I've seen on this forum so far I would have to agree with biggfredd. There seems to be much, much, more interest in "hitting the jackpot" than there is in collecting or building a currency collection.
What real "collector" would have a need for all those fives or any other "hoard" of bills. The only reason that I can come up with is guys that do that are accumulators or hoarders.
When ever I come across a hoard of bills like that I keep one of the best ones for my collection if I need it, then pass out the others to collectors that may need one, that's called helping other fellow collectors, just awhile ago I sent a new $ 2.00 bill to one of the members of this forum because he was starting a $ 2.00 collection, it's no big dead helping out others with something like that.
I also have given them as tips when eating out, it's only 2 bucks but to some it means something. Again, from what I have seen in this currency section of CC most seem to be more interested in profit than in collecting.
I had a "hoard" of foreign currency awhile back, I don't collect it so gave it away to a lot of the members on this forum, did not try an sell it to them, did not hoard it thinking that some day I may be able to retire on it, gave it to the guys that wanted it or had a need for it, and no I'm not rich, it was given to me as a gift so I just passed it on as a gift to others.
Sorry if I stepped on some toes but all anyone has to do is read the postings, it seems to be all about the money you fold up and put in your pocket, not about currency collecting.
Regards
The Bill Collector
Edited by The Bill Collector
02/09/2012 4:11 pm
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Pillar of the Community
527 Posts |
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From what I've seen on this forum so far I would have to agree with biggfredd. There seems to be much, much, more interest in "hitting the jackpot" than there is in collecting or building a currency collection. Call it what you will. If I'm a hoarder, then so is everybody else who coin roll hunts for pre 1960 Jefferson nickels. And do not tell me that they are doing it for a collection. If they're doing it for a collection, they would not keep every pre 1960 nickel they find. Not everybody on here does that, I'm just trying to make a point. And yes I do know that some folks on here only save nickels that are album or folder hole fillers. Not that I need to defend my actions, but I am working both a Jefferson nickel collection and America the Beautiful Quarters collection. Quote:
What real "collector" would have a need for all those fives or any other "hoard" of bills. The only reason that I can come up with is guys that do that are accumulators or hoarders. There is no "need" for all of those fives, but if I have an opportunity to buy them all for face value, why should I not buy them? I could always cash them in at face value, or sell some of them for a small profit, and use that profit to buy some coins for a collection/investment. Quote:
When ever I come across a hoard of bills like that I keep one of the best ones for my collection if I need it, then pass out the others to collectors that may need one, that's called helping other fellow collectors, just awhile ago I sent a new $ 2.00 bill to one of the members of this forum because he was starting a $ 2.00 collection, it's no big dead helping out others with something like that.
I also have given them as tips when eating out, it's only 2 bucks but to some it means something. Again, from what I have seen in this currency section of CC most seem to be more interested in profit than in collecting. That's good that you like to help collectors out. I personally do not like to give out any of my collection. The reasons for this are because my collection means something to me, and I have doubts that the people I give parts of my collection to won't take care of it. For example, my 11-year-old cousin "lost" the 1943 steel penny I gave him. On the other hand, my former owner at my job said he still has the steel penny I gave him. That's where my biggest concern comes into play. If you personally can find other collectors who you know will hold onto a coin or bill for many years to come, that's great. It's what keeps this hobby going. I think that's a main reason that some folks still find valuable, everyday coins in their pocket change. I read about a guy who claimed to have spent a few valuable coins like a 1914 D penny in the hopes of inspiring new collectors. Quote:
I had a "hoard" of foreign currency awhile back, I don't collect it so gave it away to a lot of the members on this forum, did not try an sell it to them, did not hoard it thinking that some day I may be able to retire on it, gave it to the guys that wanted it or had a need for it, and no I'm not rich, it was given to me as a gift so I just passed it on as a gift to others. Fair enough, although I've never personally thought that I am going to "retire" on any of my collection. Quote:
Sorry if I stepped on some toes but all anyone has to do is read the postings, it seems to be all about the money you fold up and put in your pocket, not about currency collecting.
Regards
The Bill Collector You did not step on any toes; at least not on mine. The topic title wasn't meant to say "Hey guys with my jackpot, I'm going to be rich!" If I was intending on making a profit, I would have done so already. I'm keeping my coins and bills for the time being and do not have any desire to give them up, or sell them. If that makes me a hoarder, so be it. I know what I am and that is all that matters. Edited by TheDanMan
02/09/2012 5:33 pm
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Rest in Peace
United States
9104 Posts |
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To make it short and simple, you're calling me a hoarder and not a collector? I'm not calling you anything, I'm simply pointing out there's a difference between the two and suggesting you think of which will give you more long-term enjoyment. To me, selling or trading duplicates for new goodies is the way to go. |
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Pillar of the Community
527 Posts |
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I'm not calling you anything, I'm simply pointing out there's a difference between the two and suggesting you think of which will give you more long-term enjoyment.
To me, selling or trading duplicates for new goodies is the way to go. I appreciate your input. For now, I am going to wait until I buy the remaining $5 certificates from her and then go from there. I actually have considered selling some of them to purchase junk silver. |
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Rest in Peace
United States
9104 Posts |
Replying, just for the halibut" Quote:Call it what you will. If I'm a hoarder, then so is everybody else who coin roll hunts for pre 1960 Jefferson nickels. And do not tell me that they are doing it for a collection. If they're doing it for a collection, they would not keep every pre 1960 nickel they find. Not that I need to defend my actions, but I am working both a Jefferson nickel collection and America the Beautiful Quarters collection. You're absolutely right on both counts (hoarding and not having to defend your actions). I'm not judging you, I'm simply suggesting that a varied collection will ultimately be more fun than a stack of duplicates. Long term, it will prolly be worth more. Why? If there are 40 of the same bill out there, it's by no means rare, and never will be. People are still trying to get half as much for silver certificates that we begged them to sell in 1968. Having lived through the 1965 coin shortage, which was caused by hoarders, I (and anyone who has found their 1000th 1964 nickel) see the results of hoarding. Hoarding is why 1965-7 coins have no mintmarks, and why almost silverless proof sets cost 2.4 times as much as silver sets. A final example of hoarding. I had a local vending route/coin dealer try to sell me a $200 face bag each of 40-s and 41-s circ nickels...$425 the pair. That was 20 years ago, and I doubt that I've sold a handful of each since then. I still wouldn't buy them today, because even the nickel hoarders can get all they want for face. Quote:
There is no "need" for all of those fives, but if I have an opportunity to buy them all for face value, why should I not buy them? Never said you shouldn't, I would. Quote:
I could always cash them in at face value, or sell some of them for a small profit, and use that profit to buy some coins for a collection/investment. Exactly what I suggest. BTW, in 1968, we were paying $11.25 per for $5 SC, regardless of condition--how many of those you have would bring that today? Quote:
If that makes me a hoarder, so be it. I know what I am and that is all that matters. Please understand that I am using the term as a means of categorizing actions, not as a pejorative. Quote:
I actually have considered selling some of them to purchase junk silver. Pretty much all I'm suggesting. Peace. |
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Valued Member
United States
141 Posts |
I would like to way in on this new topic. I feel I and many other are both collectors and hoarders. I personally have quite a few different collection I am working on from currency to world and US coins. I love to collect different things but along the way I hoard a lot of coins or currency I don't need but that I hope to trade with others in the future to further one of my collections or to sell for a profit to help me purchase the more expensive item that I want. It is great to help out others and I think when the opportunity presents it self most of us would help out a fellow collector in some way. That's just my Two Cents thaks |
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Valued Member
United States
486 Posts |
Please do as you please, it's your money and you should do what you want with it, but after I read your first post it seem to me that you thought we should all jump up and down be a bit envious and start to drool, that may be true for most hoarders or kids that have a lot of growing up to do, but most real collectors that I've gotten to know are not at all like that. In fact most would not really get excited over a bunch of wrinkled up bad looking notes, yes I'm sure there nice enough for the very YN's that maybe have never seen one, and they sure would be nice gifts for those just starting out, but I believe it would take a lot more than a pile notes like that for real currency collectors to get excited. It's not always about the money you fold up and put in your pocket, or how much profit you can make off others, or hoarding as many of one thing as you can, thinking it makes others jealous or envious of what you have, your more or less saying that we should be envious and drool over these old worn out notes, REALLY. I think real collectors and collecting is more than just wanting others to be envious of what you have, especially if what you have is nothing more than, never mind. Sorry if I up set you in any way, that was not my intention, believe me I'm not envious and for sure I'm not drooling over those fives, I'm way beyond the drooling stage in life, no hard feelings. It probably would be smart to listen to biggfredd, he and some others have been around a long time and I'm sure he knows the difference between collectors, investors, accumulators, and hoarders.  Regards The Bill Collector |
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Pillar of the Community
527 Posts |
My comment about drooling over the silver certificates was facetious. I didn't, and still don't, expect people on here to be envious of me, unless I found hundreds of dollars in face value of silver coins at a bank.
For the record, if I make a profit off anything in my collection, it won't be anytime soon. I don't believe in get rich quick schemes.
Edited by TheDanMan
02/10/2012 12:12 am
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Pillar of the Community
United States
507 Posts |
Compared to roll searching nickels, I would consider this find a jackpot. I often ask for older bills, am usually turned down, and rarely find anything noteworthy. I wonder if you had to make googly eyes at the teller?
My thoughts on collecting/hoarding echo WVUCoins. Although there is a fork in the road, it's not a decision you have to make right now. You can hoard them for the time being until with more thought and planning you can integrate them into your collection or sell them to finance other collecting interests.
I think it's nice to see everybody remaining so civil.
-wheatiefan
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Pillar of the Community
527 Posts |
I picked up one more certificate from the bank. That's one more for my hoar....I mean collection.
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Valued Member
United States
486 Posts |
You were right the first time BUT, there's hope for ya, someday you just may become a Collector.  Regards The Bill Collector Edited by The Bill Collector
02/11/2012 4:34 pm
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Bedrock of the Community
United States
14454 Posts |
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That's a good deal to get them for, but I do not think you should have given all of them out =[ That was the only reason for me buying them Quote:
In fact most would not really get excited over a bunch of wrinkled up bad looking notes, yes I'm sure there nice enough for the very YN's that maybe have never seen one, and they sure would be nice gifts for those just starting out, but I believe it would take a lot more than a pile notes like that for real currency collectors to get excited. That is why I handed them out to the kids in the class, they were allot more excited about them than anyone else I could have given them to because they had never seen them and maybe 1 or 2 will keep them and maybe even build on them and start collecting themselves. |
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Posted 02/09/2012 2:56 pm
