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How Often To You See Old Style FRN?

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Pillar of the Community
United States
2778 Posts
 Posted 09/09/2019  02:50 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Generally, when I hear collectors say they keep all small head circulated notes, I assume their collection is compromised mostly of circulated notes. Nothing wrong with that. I compare it to coin collectors filling albums. Once a collector crosses that line from a casual/circulation collector to a more serious collector, all bets are off. I've always kept circulated $1 replacement notes. Got a huge stash.

Valued Member
United States
449 Posts
 Posted 09/12/2019  3:28 pm  Show Profile   Bookmark this reply Add coincollector123 to your friends list Get a Link to this Reply
I work at a bank in Cincinnati and I always set these aside for customers. At one point I had almost $1,000 in small face bills. Nothing too special but some people ask for them and they are simple enough to separate. About once a year I will find a small note bill from the 30's. By far the most commons would be the $20s and $100s but the least common is the $5. I also include BARR dollars in this as well. I get about 5 or 6 a year when counting money.
Pillar of the Community
684 Posts
 Posted 09/14/2019  3:40 pm  Show Profile   Bookmark this reply Add ckrakowski to your friends list Get a Link to this Reply

Quote:
I would rather save up extra cash and buy one note of real interest and appreciation potential than save a bunch of old notes that will unlikely ever be worth more than face.

Case in point. Five years ago, I bought this nice raw 1923 horseblanket from a major eBay dealer as Gem 65, original paper, from an original pack for $87. It is certainly all of this - the paper wave is clear through the holder. I could sell it on eBay today (raw with full return) for no less than $130. Is this not a better use of your old notes than saving them?


I assume this is directed at me for what I posted.

Unlike what you have shown I do not go after crisp uncirculated bills. I am perfectly happy with circulated bills as long as they do not look like they are going to fall apart if I hold them. Are there bills I have on my list I want in better condition certainly there are. But for most of my bills I can have a circulated example and be okay with it. The way I see it is that ugly bills need love too.

And since I do not see either small headed bills or older 1s and 2s but a few times a year I can afford to save them all.
Edited by ckrakowski
09/14/2019 3:43 pm
Pillar of the Community
684 Posts
 Posted 09/14/2019  3:42 pm  Show Profile   Bookmark this reply Add ckrakowski to your friends list Get a Link to this Reply

Quote:
Generally, when I hear collectors say they keep all small head circulated notes, I assume their collection is compromised mostly of circulated notes. Nothing wrong with that. I compare it to coin collectors filling albums. Once a collector crosses that line from a casual/circulation collector to a more serious collector, all bets are off. I've always kept circulated $1 replacement notes. Got a huge stash.


While I save star notes as well I only save them if the have a run of less than 1 million. Most people will not save any unless they have a run of less than 640,000 or 360,000 or something like that.
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