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Replies: 19 / Views: 4,758 |
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Pillar of the Community
United States
509 Posts |
Am I the only one that gets excited to see a 1985 $5 FRN in good condition given as change?
Is there any reason to save them besides for nostalgic purposes?
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Valued Member
United States
368 Posts |
i am very glad when I get old style FRN . I save them all, (minus $100 and $50) because I like the design of them and because they are getting harder and harder to find.
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Pillar of the Community
United States
2850 Posts |
I rarely see them anymore. It's fun to see one in the wild, but if it's not in exceptional condition, I won't hold on to it.
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Pillar of the Community
United States
2543 Posts |
Since the lifespan of FRNs is only about 5 years on average, every time I see a ten or twenty year old note I get excited. If it is in " keepable" condition, it is a special treat. 
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Pillar of the Community
United States
6130 Posts |
They're uncommon, but anything past the 1970s isn't particularly rare yet. I saved all $1-20 notes I came across that were in the old style (or any $1 from the 1980s or earlier) back when I was a cashier from about 2008-2011. Most of them came from people who ran vending companies and the occasional person spending the old rainy day fund (one lady paid $380 in 1980s $20 notes). I got to about $800 and then massively downsized once I needed a new car.
I hardly ever see them now, but I'd get an average of 2-4 per month back when I worked with $2000+ per day, 5 days a week. My absolute favorite was a crisp $10 star note from the mid 60s, right after the blue/red seal was retired.
I think that the same value rules apply here as for all FRN's--nothing is worth more than face unless it's a star note and/or low/unique serial. Also I think the Barr notes carry a small premium if they're in decent shape since he was only in office for like 3 months.
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Bedrock of the Community
United Kingdom
17915 Posts |
I got an old style FRN $5 as a tip last summer from an American customer while working as a tour guide, and spent it in Florida in December - it wasn't in particularly great shape and I had a better one saved in my collection.
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Valued Member
United States
80 Posts |
I don't keep any. There are plenty of people who are collectors who hoard them and I just can't for the life of me understand why. They will never go up in value much because there were so many printed and so many non collectors began hoarding them thinking they would one day be worth a fortune when they got replaced by the new styles. It's currencies equivalent to the $1 Sacagawea coin lots of non collectors are sitting on them waiting for the day they can sell them to become instant millionaires. All the while not realizing that everybody has them, the mintages/printings are huge and that they are worth less now then the day you collected them.
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Valued Member
United States
116 Posts |
I can't remember the last time I have seen one... been a very long time!
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Pillar of the Community
United States
818 Posts |
I have seen them get circulated TWICE, the rest of the ones I have are from the tellers saving them for me. I have 3 small portrait 10's, and saw a 4th in a cash drawer, but told the cashier to give it out as change to someone who seemed interested.
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Pillar of the Community
United States
4637 Posts |
Although this thread is five years old, I thought I would revive it. I've been thinking about how often I see small portrait (pre-1995) notes in circulation. Not too often. I'm guilty of using my debit card way to often and sometimes the only way I get cash is through bank/ATM withdrawals or from cash-back after a purchase. Most cash-back transactions are $20's and ALL have been large portrait notes. It's been over 20 years since the change and except for the $100, that's a lot longer than the average life span of $5's, $10's, $20's and $50's. I'm not saying to keep all small portrait notes you find but if uncirculated, probably yes. If you collect strictly from circulation and the note is uncirculated, definitely yes. The last small portrait notes I received were $100's from a bank withdrawal. This 1995 $20 F-D note was printed in June 1997. The last small portrait $20 rolled off the presses in December 1997. 
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Moderator
 United States
188110 Posts |
Quote: Although this thread is five years old, I thought I would revive it... A very nice example to bump this topic! Well done. 
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Pillar of the Community
United States
1026 Posts |
I don't get them often, but if I spy a small portrait note, I always will check out the condition to see if it might be worth setting aside.
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Bedrock of the Community
United States
94367 Posts |
Nice-looking early CGA note. I agree, hardly ever use cash any more, much less coins. I have a $20 and a couple of $5s in my wallet that I'll bet have been there for 6 months.
Edited by Coinfrog 09/05/2019 12:26 pm
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Pillar of the Community
979 Posts |
I keep all old small headed bills I get for the 5-100.
I keep all 1993 and before for the 1.
I keep all 1976 and before for the 2 .
I love the design.
I received two old twentys in a span of six months from the same bank branch.
The second one I missed as the teller was counting the money since I saw a big headed non colored bill in the mix and was excited to get it since those are hard to come by now.
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Bedrock of the Community
United States
94367 Posts |
I would rather save up extra cash and buy one note of real interest and appreciation potential than save a bunch of old notes that will unlikely ever be worth more than face. Case in point. Five years ago, I bought this nice raw 1923 horseblanket from a major ebay dealer as Gem 65, original paper, from an original pack for $87. It is certainly all of this - the paper wave is clear through the holder. I could sell it on ebay today (raw with full return) for no less than $130. Is this not a better use of your old notes than saving them?  
Edited by Coinfrog 09/08/2019 7:11 pm
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Pillar of the Community
United States
1068 Posts |
I get old (small portraits) quite often from my bank. I have a $20 in my wallet right now. I will generally spend them (unless a star or fancy serial number).
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Replies: 19 / Views: 4,758 |