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 Replies: 18 / Views: 3,606 |
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Pillar of the Community
United States
3184 Posts |
Hi everyone, new member, great site!
I have some old 1953 and 1963 $2 bills, the thing is, most coin stores don't want them and many collectors don't want them as they aren't very rare. What do I do with them? Spend them or ?
thank you!
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Pillar of the Community
United States
3098 Posts |
Well, it's just $4, so you should just keep them. I mean the 53 and 63s are red seals right? oh... and again,  to the forums |
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Pillar of the Community
 United States
3184 Posts |
hi wd1040, thanks for the welcome.
Yes its the red seals, I just wonder if its better to spend them rather than hang onto them when its difficult to sell them.
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Valued Member
United States
346 Posts |
Hang on to them for sure. I wouldn't spend those things under any circumstances.
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Pillar of the Community
United States
3184 Posts |
TimJing, can you give me a reason why to hang onto them? In the case of 90% silver coins, it would be foolish to spend them because they are worth more than face value because of the silver value. What about these red seal $2 bills? Same with the silver certificates, seems like unless they are in wonderful condition, a star note, etc they are worth around face value or close to it.
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Pillar of the Community
United States
1031 Posts |
Welcome!
I would definitely hold onto them. Where did you get them? Like wd1040 said, it's only 4 bucks. They are a part of history that you have in your collection. They make $2 bills but not those so keep and enjoy them.
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Pillar of the Community
United States
1031 Posts |
They may be worth face value for now, but could be worth more in the future.
I guess I like to keep something like that for the historic value. In 20, 30, 40 years what will they be worth?
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Pillar of the Community
United States
3184 Posts |
docsfishn, thank you very much for the welcome and the reply. Your right, maybe right now they aren't worth much but perhaps 10 yrs from now they might be worth more.
I picked them up along with some coins at a yard sale for around face value.
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Pillar of the Community
United States
1031 Posts |
Your welcome.
If you really don't want them and want to spend them, I'd give them as a gift to another future coin/note collector. It's always nice to see a kids face when you give them some money that they've never seen (as long as you make sure the parents make sure they keep it and don't take it to the bank). Believe me, they'll remember!
It's your money and I hope you had (are having) a Happy Thanksgiving!
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Valued Member
United States
346 Posts |
Pretty much everything that docsfishn said is why I would say to hang onto them. He nailed it.
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Pillar of the Community
United States
3184 Posts |
thanks timjing and docsfishn for your replies! Hope you both had a happy thanksgiving!
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Pillar of the Community
United States
1208 Posts |
Hang on to them, or give/sell them at face value to someone
who WILL hang on to them. The reason is simple: If you spend
them, they will almost certainly be returned to the fed where
they are mandated to destroy them.
So, in order to save them, keep them from circulating.
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Moderator
 United States
187446 Posts |
I agree with Ratio. Keep them or give/sell/exchange them to someone that might rather have them. Do not let them be destroyed!
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Pillar of the Community
United States
1691 Posts |
Edited by atlashealth
11/28/2008 6:04 pm
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Pillar of the Community
United States
1208 Posts |
Quote:
if worn out just spend them... Red seals are officially 'obsolete' currency. If you spend them in any condition, and the cashier you give them to doesn't pull them for their own gain, they will end up being sent back to the Federal Reserve. Then they are required to destroy them. Why take a chance of that? |
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Pillar of the Community
United States
1691 Posts |
ratio411 I stand corrected...give to kids for holiday gifts to get them interested in collecting!
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Replies: 18 / Views: 3,606 |
Posted 11/27/2008 1:57 pm
