1950 $5 Reserve Note Off Center - Coin Community Forum

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Author	Replies: 8 / Views: 6,332
srcliff Valued Member United States 453 Posts	Posted 01/23/2015 10:47 am I don't know much about paper money but I always like to save anything I come across in older money. Is it common for notes of this era to be this far off center? Is it worth a premium? I know the condition is not very good and I will probably hold onto it regardless. Report this Post to the Staff

Buddy Rest in Peace United States 7075 Posts	Posted 01/23/2015 12:42 pm I don't know that I would say it is common for a note to be a little off like yours, but it is not uncommon. I'm assuming that the back is normal. The notes that have a premium value for such an error would be farther off -- that is, part of what should be on the note would be missing. You can look up error notes to see examples of what error notes command a premium. I suppose people are trying to sell notes similar to yours but I doubt that they get much even if they do sell them. I can't read the series date on your note, but I'd keep it because it's a small portrait. But I doubt a bill in that condition will have a premium value for many, many years to come, if ever. Still, if you find a better one, you could always sell this one at face value to a new collector who doesn't have one yet. Report this Post to the Staff
Altaira Pillar of the Community Canada 2518 Posts	Posted 01/23/2015 1:38 pm If the design isn't cut, there isn't any premium for it. In fact, perfectly centred notes are more desirable. I keep it too because it's a small portrait. Report this Post to the Staff
srcliff Valued Member United States 453 Posts	Posted 01/23/2015 2:24 pm Thanks for he input. Always good to learn a bit. Report this Post to the Staff
jimbucks Pillar of the Community United States 4691 Posts	Posted 01/23/2015 4:57 pm Actually if the note were uncirculated the poor centering would diminish the value. Spend freely. Report this Post to the Staff
srcliff Valued Member United States 453 Posts	Posted 01/24/2015 06:44 am I always hold on to anything I find in my cash registers that is over 50 years old so I am going to keep it tucked away even if just worth face. It will always be worth 5 bucks! Report this Post to the Staff
jack jeckel Pillar of the Community United States 5206 Posts	Posted 01/24/2015 10:23 pm For $5 I'd keep it. $5 doesn't buy much nowadays anyways. From what I have observed unless any FRN is crisp fresh out of a strap it isn't worth more than face. Even if it is crisp there are so many people who search and try to flip online that after ebay fees you will lose money trying to sell. Unfortunately I usually get $100 bills from dumping coin and not small bills which makes them harder to justify holding on to. But for $5 I'd keep that one. If you don't want it you could always send it to me to go with the $5 and $10 I got at one bank and the $100 I got at a different bank 4 miles away a day later Edited by jack jeckel 01/24/2015 10:32 pm Report this Post to the Staff
DoubleEagle20 Pillar of the Community United States 1748 Posts	Posted 02/02/2015 7:28 pm Been quite a while since I've gotten a small portrait in change. If you spend it, it will get sorted out by a bank and be sent for destruction. Edited by DoubleEagle20 02/02/2015 7:30 pm Report this Post to the Staff
XavierOfGreen Pillar of the Community United States 2589 Posts	Posted 02/02/2015 8:12 pm They values on small portraits are rising steadily since the Fed is destroying all of them that they receive. I easily make 10% after fees on every small portrait hundred of XF quality or higher that I find from the 1980's and earlier. The few that I find go up on ebay and sell relatively fast. Report this Post to the Staff
	Replies: 8 / Views: 6,332

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