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 Replies: 12 / Views: 740 |
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New Member
Canada
8 Posts |
Found my old wallet.. Should I sell them? Keep them? Will the prices go up in the near future?  I appreciate any and all suggestions! Thanks everyone!! |
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Pillar of the Community
Canada
1801 Posts |
i spend them in that condition
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Pillar of the Community
Canada
5352 Posts |
Keep the better ones and put them into bill holders to keep them flat. No they will not go up in the near future, maybe in the long future.
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Pillar of the Community
United States
3063 Posts |
They are neat to give away as tips .. to the paperboy, waitress or golf beer cart. Most of those types have never seen a 1 or $2 bill. I do the same thing with nickel dollars.
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Pillar of the Community
Canada
8042 Posts |
Check this site ( https://www.coinsandcanada.com/bank...-prices.php) for any desirable serial numbers. If they are not listed they are worth face value and will never increase no matter how long you hang on to them. There are simply too many low grade examples and not enough collectors. "Dipping" is not considered cleaning... -from PCGS website Edited by DBM
06/13/2020 12:27 pm
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Pillar of the Community
Canada
2713 Posts |
Quote:
No they will not go up in the near future, maybe in the long future. The won't go up in value even long term. Old will not make them more valuable. We see some banknotes from the 1950's still worth only face value. Common notes in circulated condition is worth $1/$2 in 1973 and is worth $1/$2 in 2020. They simply made too money of them; in the hundreds of millions. As for spending the banknotes, they are no longer legal tender so stores can refuse to take them. But you can take them to the bank, they will accept them. https://www.bankofcanada.ca/banknot...-bank-notes/
Edited by MoneyPenney
06/13/2020 2:37 pm
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Pillar of the Community
Canada
8042 Posts |
They are still legal tender and will remain so until at least January 31 of next year.
Stores can refuse to accept them nonetheless.
Once they are no longer legal tender stores can still accept them if they so choose.
Stores can accept or refuse any method of payment they choose, they do not have to accept your legal tender coins or notes.
"Dipping" is not considered cleaning... -from PCGS website |
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Valued Member
United States
107 Posts |
DBM is correct, and the link he posted is a great resource that can tell you a lot about what you have.
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Pillar of the Community
Canada
1682 Posts |
Inflation in a few years will be drastically greater than any gains due to the banknotes' value as collectibles. You're probably better off exchanging them for a silver maple leaf, which is arguably a more sensible investment to hold onto.
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Valued Member
Canada
366 Posts |
Put them for sale on EB they are worth more than face value.
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Moderator
Canada
9200 Posts |
Notes like that, I use for fun as tips in pubs and restaurants...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
2713 Posts |
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Put them for sale on EB they are worth more than face value. But are they valued enough above face value to justify the eBay/Paypal and shipping fees? There are hundreds of listings on eBay for these type of bills. These notes are so poor condition you will lose money if you sell them individually. I suppose you could sell them as a lot. I counted $22 FV. Maybe $30 or $35? After fees/shipping, what are you left? Not much.
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Pillar of the Community
Canada
988 Posts |
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But are they valued enough above face value to justify the eBay/Paypal and shipping fees?.. Not IMO (not worth the fees/hassle). - I got a bunch (like about $500) EF & better & I sold them off in lots of $100 (or more) for about plus 3-5% (a lot of $5, $10 & $20). Buyer was happy & I was happy just to get rid of em. Quote:
Notes like that, I use for fun as tips in pubs and restaurants... - I think that's a great idea & I also like to gift them to relatives to spark an interest in the hobby.
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Replies: 12 / Views: 740 |
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Posted 06/13/2020 09:16 am
