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$1000 In 1934 Bills Found In A Crawl Space In Wildwood NJ

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Bedrock of the Community
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 Posted 07/11/2022  10:03 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Ouch. Great story, but don't see much of a premium on these notes.
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United States
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 Posted 07/12/2022  12:11 am  Show Profile   Bookmark this reply Add ghonk to your friends list
A relative of one of the former home owners will probably be trying to claim them before the week is over.
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Australia
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 Posted 07/12/2022  12:34 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
For 2022, $1000 face in 1935 only has a $50 buying power in 1935 dollar terms, due to average inflation over a period of 87 years.
In another 87 years at an average inflation rate of 3.5%, they will have a buying power of $2.50, at 2022 dollar terms.

Despite their age, and in consideration of their average condition, the suggestion is that they should be spent now, if there are no collector value notes in the stash.

The question to ask now is;
What is the current notaphilic value of these notes now? Are they now valued at more than over their face value of $1000, given their condition and rarity?
If the answer is 'yes' then sell them for more than $1,000 if you can, and buy top quality collector notes instead.
If the answer is 'no', just spend them now.
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 Posted 07/12/2022  08:40 am  Show Profile   Bookmark this reply Add jacrispies to your friends list
I'd just keep it as-is, as long as it doesn't take up too much space. It is a great story and conversation piece.

Too bad it wasn't $10 and $20 gold pieces!! That would've run him in the six figures.
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 Posted 07/12/2022  09:51 am  Show Profile   Bookmark this reply Add Dearborn to your friends list
Pretty cool find - I would keep them as-is myself, but you could take them to the bank to get them replaced - as long as the serial numbers are readable. or sell them (again) as-is on ebay 'lost hoard' at a premium, somebody might like them..
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 Posted 07/12/2022  1:16 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
One clarification, while the notes are from series 1934 there are a few Series 1934-C notes in the group. Earliest they were stashed was late 1940s.
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 Posted 07/12/2022  6:56 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
Fun find - ouch on the condition.

I assume they have no numismatic premium ... correct me if I'm wrong on that.

Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 07/12/2022  7:07 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
No numismatic premium evident in these pics.
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 Posted 07/13/2022  02:27 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
From the comments below my last post,
it would seem that the answer is 'no'.
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 Posted 07/13/2022  05:37 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list
The notes found look to be in less than ideal condition which directly affects their numismatic value. This isn't the first time something like this has happened. Back in the 1970s, a hoard of hidden money was found in Cleveland. A clever marketer encapsulated most of the notes in PCGS holders labeled Wall of Greed Hoard. Some of the notes had actual numerical grades and some were just authenticated that were from the hoard. I could see something similar possibly happening in this case, especially if it gets a lot of publicity.
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 Posted 07/18/2022  2:22 pm  Show Profile   Bookmark this reply Add ckrakowski to your friends list
https://www.msn.com/en-us/news/us/a...s/ar-AAZBHHm

Rich Gilson planned to work on renovations outside his house.

Gilson and his wife, Suzanne, purchased a house in Wildwood, New Jersey, about four years ago, and they have been working on additions and renovations.

On July 8, Gilson, 60, who works in home inspections and renovations, started on the driveway in front of the home's garage.

"So I start digging. I'm hitting concrete. I'm hitting rock. I'm hitting glass," Gilson told USA TODAY. Then he found "these two things, and they look like root balls."

"I throw them in the soil pile," he said, "both of them, thinking they're just roots."

That Sunday, he came across another one of the cylindrical objects.

"I pick it up, and I'm thinking what is this? Why are these things following me, right?" he said. "I look at the edge, and I think I can see something there. It looked like paper. So I started tugging at the edge, and I knew immediately what it was. I thought, 'This is money.'"

The money was wrapped in brown paper, NJ Advance Media reported.

Gilson and his wife pulled the cylinder apart, and it amounted to rolls of $10 and $20 bills, totaling $1,000. They noticed that all of the dates on the bills were the same, the cash dating back to 1934.

At that time, $1,000 would have been the equivalent of more than $22,000 today, accounting for inflation, according to the U.S. Bureau of Labor Statistics.

"So I start to think, OK, either somebody robbed a bank because all these bills came from the same lot," Gilson said, or someone may have taken their money out of a bank during the Great Depression.

That's not the only object Gilson discovered outside the house. Tuesday, he and a man he was working with spotted a roll of what could be more money, though he left the object rolled up.

Regardless of his discoveries, Gilson told USA TODAY, he isn't going to spend the money or try to sell it.

"It's a great story," he says, "and if I start to tell a story and somebody says, 'Can I see it?' and I say, 'Well, I bought a hoagie with it,' that seems silly."

Gilson said he's curious about the money, where it came from and whether someone simply forgot about it.

He hopes people who learn of his discovery don't come looking for more of the money.

"Please don't come to my house with a shovel," Gilson said. "I'm trying to finish the house, not make more work for myself."
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 Posted 07/18/2022  4:14 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
I would never have told the news media or any of my neighbors about such a find.
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 Posted 07/18/2022  4:25 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list
Sounds a lot like this thread posted a week ago.

http://goccf.com/t/424938
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