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 Replies: 9 / Views: 4,264 |
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Pillar of the Community
708 Posts |
I don't need a perfect $1,000 bill, but I want either a Series 1934 or Series 1934A $1,000 bill that is fairly crisp, with hopefully, not many hard fold marks or worn fold marks, and fairly pointy corners. I may be willing to spend up to $2,000 if need be, to get a nice ungraded $1,000 bill that is just in a bill sleeve, that I can open up and take the bill out at times, if I want to. (Well, it "could" still be graded regardless, I guess) I also have a $500 bill, that I may want to sell to put toward a better one. What is the average price of a good $500 bill? (I might not even sell mine, but just take it in the coin shop to see what its worth. Its still a very nice bill. I'm just exploring the idea of upgrading. And finally, I would like to buy a better "small head" $50 bill, preferably a 1980's through mid 1990's series, just before the first "big head" $50 bills were introduced. (I waited too long, like a fool, to put away a small head $50 bill, that I couldn't get a good one from a bank at face, but I'd imagine what I'm looking for in a newer small head $50 bill, it shouldn't be much above face value, right? Thanks for any info.  Edited by Fox
01/28/2014 10:15 pm
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Pillar of the Community
United States
7621 Posts |
1500$ for a decent 1000$ bill THAT YOU LIKE is not out of line. With the economy in the tank nice ones are still available. Your best bet is a major coin show or work with your local dealer. If you buy a graded one you can always take it out of the holder for show and tell.
On a better 500$ you have at least five hundred dollars towards a nicer one! That's a good number to have towards a better one.
On a small head 50$ your best bet is yours local bank tellers. Work with them and see what they can come up with. If they come through for you with a nice one show your appreciation with a few kind words and a Starbucks gift card! Never can tell what it might lead to down the road if something better shows up at the bank.
Good luck!
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Pillar of the Community
United States
3184 Posts |
1500 might get you a decent but not too great 1000 bill. 500s are selling for 700+ even in bad condition
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Bedrock of the Community
Australia
21788 Posts |
I have a problem with very high denomination bills.
Although they are scarce because so few would have been needed, they nevertheless represented considerable buying power in 1934.
I imagine that $1,000 won't be able to buy very much in 80 years time. There is a real risk that the notaphilic* value, in real buying power terms, will be much less as well.
For this reason, I think it is better to collect notes with a much lower denomination.
*notaphilly: The study of banknotes and related items.
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Valued Member
United States
446 Posts |
Although what sel said about purchasing power now vs then is correct, I think that the better question is, will this $1000 bill hold numismatic value in the years to come?
I think though my question is secondary, and the real question is, do you like the bill in the first place? Seems to me that if you like the idea of having the bill, and you're good with the price, then go for it.
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Valued Member
United States
368 Posts |
you should warp back to lethal weapon 2 when they were tons of them floating in the water.. on a serious note, $1,500 is a reasonable number for a average condition one.
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Forum Dad
 United States
24163 Posts |
I remember going to my Great Aunt and Uncles 75th (not a typo) wedding anniversary when I was a kid. They opened a card from my second cousin (who was senior VP for Maryland National Bank) and inside was a thousand dollar bill.
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Bedrock of the Community
Australia
21788 Posts |
@DCM Coins: Yes, because of the scarcity, and as a result of not many high value notes needed, the notaphillic value in theory would be retained.
This component part of the value would be subject to normal market forces.
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Valued Member
United States
486 Posts |
I think to get a decent $ 1000. Note, something that you would be proud of, no problems, and something that has eye appeal, you would have to be in the $ 2000. range or just under.
For the $ 500. you would have to get into the $ 1000. range for a nice one
That's what I had to give for the ones I have.
Bill Collector
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Valued Member
United States
446 Posts |
Me, I like the idea of having a $500 and a $1000 bill in my collection, but I'm just not willing to fork over what they're asking.
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Replies: 9 / Views: 4,264 |
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Posted 01/28/2014 11:59 pm
