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 Replies: 17 / Views: 4,811 |
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Pillar of the Community
United States
1599 Posts |
Couldn't find this post, hope I am not duplicating another one.
With all the discussion about the possible elimination of the dollar bill, I am curious if anyone is hoarding them. I recently bought a brick of 1000 consecutively numbered bills. Am I crazy?
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Valued Member
United States
362 Posts |
Why do you think your crazy for getting a grand and saving it? No matter what, your at least saving $. Just think if you're right?  |
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Moderator
 United States
14463 Posts |
did you get any SN# worth saving  |
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Valued Member
United States
137 Posts |
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Valued Member
United States
207 Posts |
Considering the sheer quantity of modern dollar bills, even if they stopped printing them today, 100 years from now, I still think they would be readily available and relatively cheap to purchase from whatever equivalent of what ebay is by then. |
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Pillar of the Community
708 Posts |
I wanted to put both, a brick of $1 bills in case of their elimination, and a brick of the current style $2 bills, since the $2 bill is getting a redesign soon. So, won't the old style $2 bills gain more value?
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Bedrock of the Community
 United States
12819 Posts |
One of the inherent risks of hanging onto plain ol' coin/cash that doesn't have any collector value is that you get dinged by inflation. You're probably better off putting that $1k into a different vehicle.
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Pillar of the Community
 United States
1599 Posts |
Thanks for the replies. Haven't checked serial numbers-haven't broken the brick.
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Valued Member
United States
258 Posts |
Look at the 1st one and you will know what the last one is.;o)
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Valued Member
United States
240 Posts |
well they lose 1% value a year
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Valued Member
United States
360 Posts |
Quote:
One of the inherent risks of hanging onto plain ol' coin/cash that doesn't have any collector value is that you get dinged by inflation. You're probably better off putting that $1k into a different vehicle. You make a great point, I would never have thought about that |
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Pillar of the Community
United States
1116 Posts |
I usually save all the dollar bills that I have at the end of the day. These go into my safe and are used in one of three ways.
1: To fund gambling trips for my wife and I, or
2: To fund vacation trips for my wife and I, or
3: To fund purchases of coins or emergency needs.
At any time I usually have a few hundred dollars ready to spend at a moment notice for something either fun or other matters.
Of all the dollar bills that have passed through my possession, I have yet to get a star note. I know that they are out there but they are certainly getting into my possession. My greatest hope is to find one for a $100 bill. If that ever happens its going under glass no matter the condition (folded, raggedly, torn or whatever).
That's my dream.
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Valued Member
United States
207 Posts |
Ghostrider, I tend to see star notes quite often at work. Mostly on $20 bills but plenty are on $1 bills and $100s as well. They are relatively common and I am sure you will run into one soon enough. You could always ask your local bank teller to save one for you.
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New Member
United States
12 Posts |
How to remember (hyper)inflation. If we have 26% inflation three years in a row, price levels will double. This is accurate to three decimal places.
1.26 x 1.26 x 1.26 = 2.0004
Stackers like me believe gold or silver will protect your purchasing power, but that's another thread and a different argument...
Anyone here under 40 will see hyperinflation in his lifetime. I'll be gone.
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Pillar of the Community
United States
1116 Posts |
Anybody my age will remember the misery index that was in force during 1980's. That was almost hyper-inflation then. The misery index was put in place after successive years of high inflation. I was relocated by my company and was glad to get a home mortgage at 11% when the going rate was 15 - 17%.
Those were not the good old days. But like doug3333 I feel that those days will be returning only hopefully after I'm gone.
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Pillar of the Community
United States
2541 Posts |
I'll agree with a couple of different people here. If you want to do it, do it. Don't listen to others. From the sake of a value standpoint, you'll only have success there with uncirculated fancy serial numbers or very low denominations. Even a generic unc star note probably won't be worth much in 50 years as I found out.
I was in a coin shop about 2 years ago and a guy was trying to sell a bunch of notes. Some were older and higher denomination, but the CS owner wouldn't buy the generic silver certs. He produced 2 bricks of worn ones from the back and said that he could sell them for $1.50 each on a good day, so couldn't give the guy more than $1.10, but in reality it wasn't worth his time since no one wanted to buy a generic $1 tattered silver certificate.
Edited by Gothic Florin
02/24/2013 1:04 pm
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Replies: 17 / Views: 4,811 |
Posted 02/18/2013 9:16 pm
