Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

1934 $500.00 bill ..worth holding onto?

 
 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Valued Member

United States
82 Posts
 Posted 09/16/2018  12:20 am Show Profile   Bookmark this topic Add Rabbithole1 to your friends list Get a Link to this Message
Hi All,
My husband just brought this $500.00 bill out to show me..(since ive been obsessed with looking at coins) He wanted me to ask you experts if this is something he should hang onto, and if not would it be worth more than $500.00? Thanks

Edited by Rabbithole1
09/16/2018 8:40 pm
New Member
United States
24 Posts
 Posted 09/16/2018  12:47 am  Show Profile   Bookmark this reply Add Jordanrj28 to your friends list Get a Link to this Reply
It's history. Can you imagine who would have had this bill in that year.
Pillar of the Community
Learn More...
United States
8113 Posts
 Posted 09/16/2018  12:56 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
I am no expert, just interested, but I do believe the note is worth moderately more than face value. Here is a very similar (if not worse condition) graded note that sold for a couple hundred over face:

362358574948

Can you post full pics of both sides?
"Baseball gets you out in the fresh air and keeps you from talking about your neighbors."
-Lib Dooley

My Want List: http://goccf.com/t/282022
Edited by spruett001
09/16/2018 12:58 am
Pillar of the Community
Korea, Republic Of
1877 Posts
 Posted 09/16/2018  03:44 am  Show Profile   Bookmark this reply Add Matteproof to your friends list Get a Link to this Reply
Even in beat-up condition, I'd say any $500 or $1000 notes are worth holding onto as they will carry some premium over face value. Some folks here in Korea have been lucky enough to locate them in banks, as some people will just cash them in unaware of the numismatic value.
Pillar of the Community
United States
1453 Posts
 Posted 09/16/2018  06:47 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Virtually all high denomination ($500 $1,000) notes have value above face. How much, ultimately depends upon condition. I would get it into a Mylar currency sleeve to help protect it against further damage.
Bedrock of the Community
Learn More...
United States
28797 Posts
 Posted 09/16/2018  10:24 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good advice. Condition isn't the best, but it's a real conversation piece!



to the Paper Money Forum!
Pillar of the Community
United States
700 Posts
 Posted 09/16/2018  12:08 pm  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
In terms of funding a retirement, I'm not sure this will keep up with inflation. Keep it as a "cool story".
My hoard of '82s is up to 139! 218 BC x 1, 118 BC x 3, 18 BC x 1, 182 x 1, 282 x 1, 582 x 1, 682 x 1, 782 x 2, 882 x 1, 982 x 3, 1182 x 7, 1282 x 2, 1382 x 1, 1482 x 4, 1582 x 11, 1682 x 12, 1782 x 33, 1882 x 36, 1982 x 18
Pillar of the Community
United States
987 Posts
 Posted 09/16/2018  12:43 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
Immediately place that note into a polyethelene holder for archival storage. Don't take it with you to the store you buy the holder from, leave it alone until you take care of it.
Pillar of the Community
Learn More...
United States
3017 Posts
 Posted 09/16/2018  5:50 pm  Show Profile   Check coinlover1899's eBay Listings Bookmark this reply Add coinlover1899 to your friends list Get a Link to this Reply
From the photo shown, it looks like an $850 note.
My name is Devin, and I have been collecting now for around 3 1/2 years. I love all US coinage. I set up at coin shows and sell on eBay with my dad
Visit my website:
https://www.InGodWeTrustCoinsAndCurrency.com/
Bedrock of the Community
Learn More...
United States
28797 Posts
 Posted 09/16/2018  6:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Pillar of the Community
United States
1297 Posts
 Posted 09/16/2018  7:38 pm  Show Profile   Bookmark this reply Add Kurrency Ken to your friends list Get a Link to this Reply
I would agree with coinlover that that could be an $800-$850 note in that condition (VG-F) (from what we can see).

KK
Pillar of the Community
United States
2072 Posts
 Posted 09/16/2018  9:09 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Agreed $800-850 is about right. Maybe a bit more on a good day.
Valued Member
United States
82 Posts
 Posted 09/16/2018  9:59 pm  Show Profile   Bookmark this reply Add Rabbithole1 to your friends list Get a Link to this Reply
Thank you ALL for your advice! I went down to the coin shop and they gave me a sleeve to put it in:) That is why the picture of the back has a reflection.
Pillar of the Community
Learn More...
United States
8752 Posts
 Posted 09/16/2018  10:18 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
How can you go wrong with a genuine $500 note? Very cool.
Pillar of the Community
Learn More...
United States
2339 Posts
 Posted 09/17/2018  08:03 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
That is a great item to have in a collection!
Everyday is a great day. Semper Fi.
ANA number: 3178122
NTCA number:10118
My Wants List: http://goccf.com/t/188411
  Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.

Coin Community Member eBay Sales

Certified Coins   Certified VAMs   Certified Errors  




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 - 2018 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 - 2018 Coin Community Forums
It took 0.83 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05