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 Replies: 14 / Views: 2,056 |
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Pillar of the Community
United States
5208 Posts |
I had a customer come in today and say he was going to pay cash. I said that is fine and when writing him up I could see the back of an "older small face" $100's. I figured maybe had had a 1985 or 1977 or whatever the later years were and the rest were the current design. As he is counting them out I notice the curved dates of the 1934 issues. And then he started peeling off $50's and noticed one of them was a national currency note. And he had MORE in his wallet  I asked if he wanted to swap those for some newer ones I had but I think he misunderstood my question and wasn't going to push the issue. SO now here I am stuck with $750 I'd feel guilty about spending even though they are low grade notes. This is why I do not collect currency as it cost's to much to hold if only for nostalgic reasons.   |
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Pillar of the Community
 United States
5828 Posts |
Cool! I know not currency, but those are still cool!
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Pillar of the Community
United States
4409 Posts |
The $50 you're calling a national is actually a Federal Reserve Bank Note. The BEP economized and used the national bank note paper when these were issued. Edit to add information: Federal Reserve Bank Notes were backed by the issuing Federal Reserve bank, in this case San Francisco, instead of the whole Federal Reserve. http://en.wikipedia.org/wiki/Federa...ve_Bank_NoteEdited by MeadowviewCollector
05/22/2015 7:17 pm
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Pillar of the Community
United States
2850 Posts |
Very interesting that they are almost all Chicago districts. Someone must have had a mini hoard of these stashed away for a long time.
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Pillar of the Community
United States
4963 Posts |
From an inheritance maybe, and they didn't know what they had?
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Pillar of the Community
United States
2049 Posts |
Wow...my heart would be racing so fast when those came in. It's a decent amount of money to tie up for the average Joe, but those are really cool!
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Bedrock of the Community
United States
94367 Posts |
Thanks for the great pics. We call this a "Crying Shame". Just a handful of near misses.
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Pillar of the Community
 United States
5208 Posts |
Quote:
The $50 you're calling a national is actually a Federal Reserve Bank Note.
The BEP economized and used the national bank note paper when these were issued. Thanks. Paper money isn't my thing and since the note said "National Currency" and had the old school bank name on it I figured it was. Quote:
Very interesting that they are almost all Chicago districts I am 100 miles away from Chicago. Quote:
From an inheritance maybe, and they didn't know what they had? It was an elderly gentleman and he said he had saved up some cash for the purchase. I'm not sure if he meant that he had been saving these for many years or if he was forced to spend them given current financial situation or he no longer felt that they were worth holding onto or maybe he didn't have anyone to pass them on to so he decided to spend them (and inadvertently pass them on to a deserving and appreciative collector AKA me) I have his name and number in the system so I don't know if it would unprofessional or impolite to call him one day and talk coins with him as maybe he just hoarded these notes back in the day like the general public who could care less about coins did with silver coins back in 1965. Edited by jack jeckel
05/22/2015 10:03 pm
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Pillar of the Community
Canada
3692 Posts |
It's not uncommon for seniors to pay with "mattress money" for their whims and pleasures. Notice how they're all folded in much the same way.
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Valued Member
United States
194 Posts |
Do you mind if I ask what type of business it is?
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Pillar of the Community
United States
5208 Posts |
Quote:
Do you mind if I ask what type of business it is? He bought a lawnmower. He mentioned that he had purchased his last lawnmower from us at our previous retail storefront but had to pick it up at our shipping warehouse used for our websales. While I have been working here for almost 20 years I was working at the warehouse at the time so I didn't get to see how he paid the last time. Quote:
Notice how they're all folded in much the same way. Now that you mention it . . . Edited by jack jeckel
05/22/2015 10:00 pm
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Bedrock of the Community
United States
12829 Posts |
Wow, that's really fun to see such old notes out in the wild. I really like that National Currency / FRBN $50. And yes... sitting on that much is costly, especially in that condition. Maybe you could make a couple bucks off them on ebay and get them into someone's collection rather than just spending or depositing? |
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Pillar of the Community
United States
4692 Posts |
Very interesting. I think the $50 national is especially interesting to find in circulation.
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Pillar of the Community
United States
7620 Posts |
The 50$ San Fran National FRBN is the main "keeper" that I can see. If your going to hang on to any THAT would be the one for sure.
The other notes, while unusual, is a lot of face value to tie up that could be used towards other stuff.
If you have access to a modern size currency reference (Oakes/Schwartz "Small Size Currency Guide") you might check plate numbers and check for mules. There could be a hidden gem in that grouping.
Good luck!
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Moderator
 United States
56855 Posts |
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Replies: 14 / Views: 2,056 |
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Posted 05/22/2015 7:08 pm
