| Author |
 Replies: 9 / Views: 1,908 |
|
|
Pillar of the Community
United States
1963 Posts |
I recently received this as part of some stuff that my local Wells Fargo bank saved for me. Is this a national banknote or a federal reserve note? How much is it worth?   |
|
|
|
Moderator
 United States
56855 Posts |
|
|
Pillar of the Community
 United States
1963 Posts |
|
|
Pillar of the Community
United States
4409 Posts |
Your note is what is known as a Series 1929 Federal Reserve Bank Note. This type of currency was printed for the 12 Federal Reserve banks and the note was an obligation of that particular bank rather than the whole system. Since these were issued in the Depression years, the BEP used Series 1929 national bank note paper stock that they had on hand to get them printed and issued as quickly as possible. Contrast this with Federal Reserve notes which are backed collectively by the Federal Reserve system. https://en.wikipedia.org/wiki/Feder...ve_Bank_Note ebay sold listings show a couple of $100's on the New York branch have sold around $130. Edited by MeadowviewCollector
12/10/2016 5:52 pm
|
|
Bedrock of the Community
United States
94367 Posts |
Sorry, in this condition with the edge tears, it probably has no premium. But still, a remarkable find after more than a century in circulation.
|
|
Pillar of the Community
United States
4637 Posts |
Very cool find @coin197, and I will agree with the Frogmeister that it probably has little value over face because of it's condition.
My thoughts on it's circulation is that is was issued, circulated for a while, pulled from circulation for a great while, and then reintroduced into circulation. I like the look of this series of notes with the four signatures.
|
|
Bedrock of the Community
United States
94367 Posts |
 Just remarkable in today's world that any bank would re-circulate this old dinosaur. Gives one hope! |
|
Pillar of the Community
United States
1963 Posts |
Actually, I ask the bank to save odd things that they get for me. Being a YN has its perks!
|
|
Pillar of the Community
United States
2589 Posts |
Even in as poor condition as it is, it still has a premium to it since they aren't exactly all that easy to find for a small size note. Looking at ebay sale prices, I would suspect its worth somewhere around $120 on a good day. |
|
Bedrock of the Community
United States
94367 Posts |
On a very good day indeed, less ebay and Paypal fees.  |
| |
Replies: 9 / Views: 1,908 |
|
Posted 12/10/2016 5:40 pm
