Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

1934A $1000 Federal Reserve Note - Help With Value Please

To participate in the forum you must log in or register.
First Page  Showing last 15 replies.
Author Previous TopicReplies: 18 / Views: 3,320Next Topic Page 2 of 2
Pillar of the Community
United States
4637 Posts
 Posted 05/30/2018  06:15 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list
I noticed a Buy it Now of $1,450.00 (OBO) at your ebay store.

I understand that the note is still legal tender and could be taken to a bank for face value....how much would it have to sell for to clear the face value ?
Pillar of the Community
United States
581 Posts
 Posted 05/30/2018  06:18 am  Show Profile   Bookmark this reply Add yellow88 to your friends list
$1100ish

I did not know they were still legal tender. That blows me away. Wow.. I learn something new every day.
Pillar of the Community
United States
1101 Posts
 Posted 05/30/2018  06:21 am  Show Profile   Bookmark this reply Add shotgung to your friends list
@Yellow88 - I sent you an email. Let me know if you get it as email on CCF doesn't work all the time.
Edited by shotgung
05/30/2018 06:21 am
Moderator
Learn More...
United States
189053 Posts
Bedrock of the Community
United States
94367 Posts
 Posted 05/30/2018  4:13 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
All paper money and coinage ever issued by the United States (with only a couple of exceptions - $10K Gold Certificates, for example)) is still legal tender at face value.
Edited by Coinfrog
05/30/2018 4:17 pm
Pillar of the Community
United States
7624 Posts
 Posted 05/30/2018  4:25 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
The big problem is the missing corner. A lot of collectors can live with the stains and soiling. The missing corner kills it for most collectors.

In my opinion it will be difficult to sell for much more than face value. 50-100$ over face IF you are lucky.

Still redeemable at face value though!

Good luck!
Bedrock of the Community
United States
94367 Posts
 Posted 05/30/2018  6:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
You could get an opinion at your LCS, but there are enough of these around in decent condition that I can't see someone paying out big money for a severely damaged one.
Pillar of the Community
United States
7624 Posts
 Posted 05/30/2018  7:55 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
If it were mine I'd be working a repair angle.

Repairing it with a high quality photo copy, or drawing, of the missing piece would greatly improve the appearance of the note. Notes are repaired all the time.....holes filled, corner tips added, details drawn back in, colors and shading added back in.

Whether that's legal or not is a whole different story.
Bedrock of the Community
United States
94367 Posts
 Posted 05/30/2018  8:54 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Not worth the effort.
Pillar of the Community
United States
4637 Posts
 Posted 05/31/2018  04:19 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list
I have to agree with Mr.Frog.

These $1,000 notes are by no means rare.
Moderator
Learn More...
United States
189053 Posts
 Posted 05/31/2018  10:03 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I have to agree as well. The effort it better spent on obtaining a better example.
Pillar of the Community
United States
589 Posts
 Posted 06/01/2018  01:18 am  Show Profile   Bookmark this reply Add Groszy to your friends list
The legality to repairing a note: why would it be illegal? You're not printing money. Adding the corner back on somehow is not illegal.

A collector would pay face for it. I hate responses like that. Oh, it's in such poor condition that it's probably not even worth face is ridiculous. In line with $300 to $500 silver coins if undamaged being quoted at melt if cleaned.

And all US Federal issues, all coinage since 1792 and all banknotes since 1863. The only exceptions being redeemed notes that managed to enter the collector market one way or another.

Taking it to a bank means sure destruction. Or a bank teller will think it super rare and try to sell it for many thousands. Or you'll get the cops called on you when their counterfeit detector pens fail. If you don't just by virtue of the denomination.

Avoid ebay fees. Try to sell it locally. Avoid the potential rip off buyers on ebay.
Moderator
Learn More...
United States
189053 Posts
 Posted 06/01/2018  09:35 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Taking it to a bank means sure destruction. Or a bank teller will think it super rare and try to sell it for many thousands. Or you'll get the cops called on you when their counterfeit detector pens fail. If you don't just by virtue of the denomination.
All good points.
Valued Member
United States
115 Posts
 Posted 06/01/2018  09:55 am  Show Profile   Bookmark this reply Add SuperPoacher74 to your friends list
I feel the missing corner just adds the the bill's character!
This is how I feel with my coins.
They are a part of history, what history would they hold if they were perfect & never saw the light of day?
Some would argue, they look beautiful but I would prefer the idea that some of my coins may have been in the pocket of a civil war soldier or changed hands in an old mining town or possible paid for whiskey & prostitutes...
To be able to follow just one bill or coin through history would be surreal!!
I think your bill is amazing!
Moderator
Learn More...
United States
189053 Posts
Page 2 of 2   Previous TopicReplies: 18 / Views: 3,320Next Topic Page 2 of 2
First Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.38 seconds to rattle this change. Forums