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1954 $1000 Bill - Which Would You Keep?

 
 
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Valued Member

Canada
292 Posts
 Posted 07/10/2019  8:27 pm Show Profile   Bookmark this topic Add cookiecutter to your friends list Get a Link to this Message
I'll be getting rid of one of my 1954 $1000 bills. Neither are in pristine condition, or even very fine condition. I just want one for my collection and I'm wondering if any of you have any opinions on if they're worth keeping.

One has a repeating serial number 1338338

The other is in slightly better condition but whose serial number is completely random.

Is it better to keep the repeating serial number even though it's in slightly worse condition?
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United States
40501 Posts
 Posted 07/10/2019  9:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I can't imagine it makes much difference, but I'd keep the best condition note.
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Australia
15787 Posts
 Posted 07/11/2019  02:11 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
In making a decision to keep or move it on, two factors need to be considered:
1. The inflation rate over the long term (guesstimate arounf -3% per year)
2. The likelyhood of increasing value collector premium over $1,000, due to increasing collector demand, year on year.

I am unfamiliar with the investment market in high denomination U.S. bill,s but I have a feeling that if you keep it , you are going to be on the loosing side of the equation.

That is one of the major reasons why high denomination bills tend to be rare. They tend to be surrendered for payment, due to the possibility of value loss.


Still has to be your decision.
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Canada
542 Posts
 Posted 07/11/2019  09:40 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply


Quote:
you are going to be on the loosing side of the equation...That is one of the major reasons why high denomination bills tend to be rare
or rarely kept in a collection (unless Original TPG in EF- GEM UNC) which are usually Devil's Face series (or earlier) for most advanced collectors.

Sure three are lots of Canadians who have circulated one thousand dollar notes in their SDB (Safe Deposit Box) but that doesn't mean they're necessarily collectible (or rare).

IMO:
In Fine condition? Both notes can be put to much better exchanged for gold, bitcoin or used to buy something really collectible (lower denomination in higher grade). Although the CDN market still seems rather brisk to me (I would put the money in a few nice world notes) there are still some great deals on eBay for 1937 to the Journey series.
Valued Member
Canada
292 Posts
 Posted 07/11/2019  12:11 pm  Show Profile   Bookmark this reply Add cookiecutter to your friends list Get a Link to this Reply
Thank you all for the opinions. I hadn't even really considered the implications of a long term investment in the terms set out, particularly since they weren't in very fine condition. I wasn't sure if they were worth keeping or not. I think I'm going to certainly get rid of one.

Thanks again. As always, very informative and educational.

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Canada
542 Posts
Valued Member
Macau
166 Posts
 Posted 08/05/2019  11:06 pm  Show Profile   Bookmark this reply Add TomSwift to your friends list Get a Link to this Reply
I plan to pick up the 1954 modified and 1988 in VF condition so hopefully the premium won't be much over face, if any. I doubt I will get the 1954 DF and 1937 for face though.
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Canada
555 Posts
 Posted 08/15/2019  2:46 pm  Show Profile   Bookmark this reply Add TheBurnz to your friends list Get a Link to this Reply
I see the modified 1954 and 1988 $1000 notes for sale often. 1988 in vf35 condition prefix EKA gets around $1150 on the low end and I have seen it get $1250 on the high end. 1954 modified prefix A/K in ef40 original condition got $1150 back in march this year. All notes were certified. A loose note is harder to move since you can be certain forgeries have been made of these notes for years.

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