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Replies: 18 / Views: 3,320 |
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Pillar of the Community
United States
4637 Posts |
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 ?
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Pillar of the Community
 United States
581 Posts |
$1100ish
I did not know they were still legal tender. That blows me away. Wow.. I learn something new every day.
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Pillar of the Community
United States
1101 Posts |
@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
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Moderator
 United States
189053 Posts |
Very interesting. 
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Bedrock of the Community
United States
94367 Posts |
All paper money and coinage ever issued by the United States (with only a couple of exceptions - $10K Gold Certificates, for example)) is still legal tender at face value.
Edited by Coinfrog 05/30/2018 4:17 pm
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Pillar of the Community
United States
7624 Posts |
The big problem is the missing corner. A lot of collectors can live with the stains and soiling. The missing corner kills it for most collectors.
In my opinion it will be difficult to sell for much more than face value. 50-100$ over face IF you are lucky.
Still redeemable at face value though!
Good luck!
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Bedrock of the Community
United States
94367 Posts |
 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.
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Pillar of the Community
United States
7624 Posts |
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.
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Bedrock of the Community
United States
94367 Posts |
Not worth the effort. 
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Pillar of the Community
United States
4637 Posts |
I have to agree with Mr.Frog.
These $1,000 notes are by no means rare.
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Moderator
 United States
189053 Posts |
I have to agree as well. The effort it better spent on obtaining a better example.
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Pillar of the Community
United States
589 Posts |
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.
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Moderator
 United States
189053 Posts |
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. 
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Valued Member
United States
115 Posts |
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!
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Moderator
 United States
189053 Posts |
We like what we like, no shame in that. 
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