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 Replies: 22 / Views: 4,030 |
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Valued Member
United States
415 Posts |
  So is there any added value to this or do the marks on the back kill that? Regardless, still a super awesome find from circulation.
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Pillar of the Community
United States
6370 Posts |
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Bedrock of the Community
United States
94367 Posts |
Wow!  Think of it, that baby's over 85 years old! |
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Bedrock of the Community
United States
94367 Posts |
PS - It probbably has some premium, but not much.
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Valued Member
United States
177 Posts |
I sold mine recently for $55, and they buyer was a little hesitant at that price. Mine was in similar condition, maybe slightly better. Gives you an idea, at least...
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Bedrock of the Community
United States
94367 Posts |
Sounds about right to me. These '28 series are just so cool - they seem very dark and distinct compared to today's junk.
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Rest in Peace
United States
17900 Posts |
There are still plenty of these out in the world, so they don't get much premium over face unless they are high grade.
The quote of $55 is probably right in the ball park for this.
But just think if you could increase the value of all of your money by 10% all of the time!
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Valued Member
United States
177 Posts |
Plus, they're the "poor man's gold certificates" - notice that the bill is "Redeemable in gold on demand ... or lawful money..." Later bills just say "Redeemable in lawful money..."
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Bedrock of the Community
United States
94367 Posts |
I have a couple of higher grade examples, and they are still reasonably priced.
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Pillar of the Community
United States
4809 Posts |
A fun find for sure. I found a 1934 $20 in my paper route money many moons ago. I think it's worth around $22.
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Bedrock of the Community
United States
94367 Posts |
If you sell it, please report the gain to the IRS.  |
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Valued Member
United States
177 Posts |
Quote:
If you sell it, please report the gain to the IRS. He'll probably have to declare a loss. It isn't worth what it was in 1928, and it's no longer redeemable in gold...  |
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Bedrock of the Community
United States
94367 Posts |
Sorry, all of this sounds inspiring, but under the current tax code, he would still be liable for the tax on two bucks - less expenses!  |
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Rest in Peace
United States
2668 Posts |
I love the distinction between the U.S. Treasury and the Federal Reserve. I need to get one of these and frame it. |
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Valued Member
United States
177 Posts |
Quote:
I love the distinction between the U.S. Treasury and the Federal Reserve. Don't get me started.... Edited by Aahz
08/01/2015 8:48 pm
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Valued Member
United States
100 Posts |
I work as a teller at 5/3 Bank in Chicago. I have found countless '34s, a couple of silver certificates, several US notes and been able to complete rolls of silver halfs (40 and 90) quarters and dimes. This is really cool though! Wish I found a '28. My fiance pulled a '28 $20 from her Walgreens register though...anyways....really cool find! |
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Replies: 22 / Views: 4,030 |
Posted 08/01/2015 4:15 pm
