$1,000 Bill - Rarity- Looking For Comments

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Author	Replies: 7 / Views: 2,010
ghostrider Pillar of the Community United States 1116 Posts	Posted 12/21/2014 9:45 pm The other day the owner of the lcs that I frequent showed me a bill that I've only dreamed about. Didn't have a chance to hold it but I really wanted it. Asked a few questions and found out that he had purchased it from a fellow who was looking for some Christmas money. From what I understand (here's where I am getting out of my depth). 1: He was looking to sell it for $1,900. Is a bill like this worth that kind of money from an ungraded bill? Would you buy it, and send it off for grading. 2: He was saying that if he took it to a show he could get even more money for it. Correct? 3: This of course probably depends upon condition. It didn't have a ungodly amount of creases. I didn't have the money on me, but thinking back on it I probably could have gone home to take something out of my collection (1oz. AGE ie). The reason that I hesitated was that I'm new to bill collecting and really didn't want to loose the money in a bad transaction. Would you have gone for the deal, why, and what conditions if any would you have put on the transaction. If I had gone for the deal I would have definitely sent it off for grading with the understanding if it came back as counterfeit my money would be coming back to me. If you buy an ungraded large bill like this or a $500 bill would that condition be realistic or am I whistling up a rope? Report this Post to the Staff

westernsky Pillar of the Community United States 7618 Posts	Posted 12/22/2014 12:11 am Pictures are a must when needing a value assigned to a particular item like this. So, I can't help you with that particular note without seeing pictures. Before spending significant money on notes that interest you, do your homework and see what similiar notes have brought at auction. Online sites like Heritage Auctions and ebay are good places to start. Until you are proficient with your grading skills only buy third party graded notes graded by reputable grading companies like PCGS Currency. Currency collecting can be rewarding and you can easily find yourself specializing in a particular series or type. I collect everything US but focus on hometown National Bank notes because that is what I really like. Edited by westernsky 12/22/2014 12:15 am Report this Post to the Staff
The Silver Searcher Pillar of the Community United States 1388 Posts	Posted 12/22/2014 12:59 am I'm not a bill collector, but I can offer some advice. Don't make an impulse buy. If I HAD $1,900 to spend on a coin (which I don't,) I'd be sure that I did my homework and shopped around first. It would also be graded - because I know that I don't have the know-how yet to properly grade and authenticate a high dollar coin like that. Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 12/22/2014 05:30 am Check ebay sold values and here for an idea of values http://www.uscurrencyauctions.com/$1000notes.htm Do your homework before you buy. John1 Report this Post to the Staff
CopperCastle Pillar of the Community United States 1132 Posts	Posted 12/22/2014 11:57 am There's a guy @ a local flea market. He rips people off on coins (using the Red Book). He has a couple $1k bills priced @ $1500. Being a known crook & selling @ $1500...I'll allow you to draw your own conclusion. (The price doesn't seem awful which makes me question the legitimacy). There's currently a graded (15) note on the bay (no bids) starting @ $1250. BIN for $1650 Edited by CopperCastle 12/22/2014 12:02 pm Report this Post to the Staff
arrowheadcoin New Member United States 12 Posts	Posted 12/22/2014 12:10 pm I couldn't agree more with The Silver Searcher. Don't let temptation push you into an impulse buy that you will regret later. $1000 might not be around that much, but there is still enough for you to research first and feel good about your purchase. can't wait to see what deal you will end up getting, Good luck t Report this Post to the Staff
JDfromCT New Member United States 5 Posts	Posted 12/23/2014 5:41 pm Silver searcher nailed it. Fight the urge to react. Once you fork over the $1,900, you might find it difficult to get them to return it to you. I would think the CS owner would want it graded unless he knew it would fall short somehow. Report this Post to the Staff
ghostrider Pillar of the Community United States 1116 Posts	Posted 12/24/2014 12:28 am JDfromCT the same thought came to me on two fronts - integrity of the bill and condition. Passed Report this Post to the Staff
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