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 Replies: 39 / Views: 11,843 |
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Pillar of the Community
United States
757 Posts |
The one dealer I know picked up a $10,000 from a bank. A customer deposited it, he got the call took the bank the money and traded straight up. This was earlier this year. I'm sure if it was a $500 or $1000 one of the bank employees would have owned it, but 10 grand most people can't come up with instantly.
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Pillar of the Community
United States
2850 Posts |
Here's one I can't get over. This note is BEYOND rare. EDIT: Forum won't let me post the link to it, but this is what was said about the bill on the Red-dit currency section.. "Found in the "mutilated" bills: a 1928 500$, B series, 10th bill produced, with star. Any idea how much it fetches? I hear it's very rare... "  Edited by WheatBack
10/25/2015 5:53 pm
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Pillar of the Community
United States
4963 Posts |
Whoa!  Edited by Numisma
10/25/2015 6:32 pm
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Rest in Peace
United States
7075 Posts |
Vintage binary star note! Wowie!
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Pillar of the Community
United States
2850 Posts |
Roughly 2,000 of these 1928 DGS $500's were printed for New York, this being the only note known. No price given on these in any of my books, just the word 'Rare' listed.
Edited by WheatBack
10/25/2015 8:00 pm
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Pillar of the Community
United States
1316 Posts |
I've had the fortune of holding a few of everything but the 100K notes, and it's kinda weird holding a note with a $5,000 or $10,000 face value. It just is. It's a piece of paper that could have easily just have been a $1. But nope, the govt printed a huge number on them and BAM.... could have bought a house in cash back in the day with that same sheet of paper.
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Valued Member
United States
411 Posts |
There is a document that is put out by the federal reserve which I can't find right now, but it list the exact amount of each denomination outstanding to the final banknote.
It does go down very slightly over the years indicating that some banknotes are turned into the BEP and destroyed.
TABLE USCC-2—Amounts Outstanding and in Circulation, December 31, 2015
[Source: Bureau of the Fiscal Service]
$1 $11,388,633,925
$2 $2,263,682,164
$5 $13,710,521,375
$10 $18,950,766,680
$20 $171,284,160,460
$50 $79,806,114,000
$100 $1,082,238,785,300
$500 $141,999,000
$1,000 $165,339,000
$5,000 $1,765,000
$10,000 $3,450,000
Fractional notes 600
Total currency $1,379,955,217,504
In 2014 $500 $142,018,500 so it means that 39 $500 banknotes were destroyed by the Treasury Department in the year 2015.
This is the count of high denomination banknotes still in circulation at end of 2015.
283,998 $500
165,339 $1000
353 $5000
345 $10000
It is obviously extremely rare to see a $10,000 banknote destroyed. But I think some of the older poor condition $500 banknotes are simply deposited at face value and then destroyed.
Edited by PacoMartin
12/30/2016 11:52 pm
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Bedrock of the Community
United States
94367 Posts |
Great input, thanks!  |
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Pillar of the Community
1153 Posts |
Would love to get my hand on a 500$ or 1,000$ note. I can't wrap my brain around the 500$ above, I can't imagine any dealer having that in a mutilated bin, whatever that means. low premium on a low serial, star, high denom bill? this is why you can't believe everything you read on the interwebs.
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Pillar of the Community
United States
6130 Posts |
Only large denomination note I have ever seen was behind glass at a coin show, more than 15 years ago.
The major concern I would have with snatching up such a note for face is that I don't have a clue how one would authenticate them. They were all made well before any sort of sophisticated anti-counterfeiting technology; I don't think modern printers have safeguards to prevent the counterfeiting of very rare bills that have been "out of circulation" for 40+ years. I don't struggle to imagine that a master of social engineering could blind a teller or bystander with the visions of an instant profit, knowing that if the Feds are called the bill will be destroyed. With a $500-10,000 profit on the line, one could even buy some genuine older bills to make it look like an old collection spent in a time of hardship.
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Valued Member
United States
467 Posts |
Anyone know if there's a site out there that has the outstanding bills listed by Serial number?
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Valued Member
United States
411 Posts |
Quote:
Anyone know if there's a site out there that has the outstanding bills listed by Serial number? If there are roughly 350 apiece of the $5000 and $10000 banknotes in circulation, then I should think that the serial numbers of the one hundred $10000 banknotes in Benny Binion's collection would be well known. Millions of people must have taken photos of the display. Plus they were all sold as a group.  http://www.nolandalla.com/wp-conten...22.32-PM.pngAs far as counterfeiting, I don't think you could make many counterfeits of banknotes with only 350 left. It might make more sense to try and copy the $500 banknotes since there is several hundred thousand notes left in circulation. |
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Valued Member
United States
467 Posts |
Interested mostly in the 500, Would love to know how many out there that are lower the 4 digit Dallas bill I have. 1934 LGS 6xxx is the serial number.
I suppose when sent back to be destroyed, the serial numbers weren't recorded anyways. It would be just interesting to see a site like that.
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Bedrock of the Community
United States
12437 Posts |
Quote:
They were all made well before any sort of sophisticated anti-counterfeiting technology The intaglio printing process used for currency is sort of an anti-counterfeiting technology, something that cannot be reproduced unless you are a highly skilled engraver and printmaker. |
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Pillar of the Community
United States
4963 Posts |
I don't really have the budget to buy any high-denomination notes, but I've seen some five-hundreds and thousands as well as one five-thousand at shows.
Thanks for the figures, PacoMartin.
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Replies: 39 / Views: 11,843 |
First Page
Posted 10/25/2015 5:49 pm
