1934A $1000 Federal Reserve Note - Help With Value Please

If you don't mind me asking, how did you acquire the note, what did you pay ?

Problem notes typically sell at a discount. The discount usually depends on the extent of the problem(s). Between the missing corner and stains, I would be be surprised if a collector would pay face value. Personally and respectfully, I would not want the note in my collection.

Thank you for your response.

A friend and fellow numismatic(st?) owns it and asked me for assistance selling it. I have a modest store on ebay. He is an older gentleman unfamiliar with the workings of ebay so I agreed to help. He's a great guy, I'm doing this for free, and I want to get the most money for him as possible.

I don't collect notes and even if I did I feel the same way you do.

$1100ish

I did not know they were still legal tender. That blows me away. Wow.. I learn something new every day.

Very interesting.

The big problem is the missing corner. A lot of collectors can live with the stains and soiling. The missing corner kills it for most collectors.

In my opinion it will be difficult to sell for much more than face value. 50-100$ over face IF you are lucky.

Still redeemable at face value though!

Good luck!

If it were mine I'd be working a repair angle.

Repairing it with a high quality photo copy, or drawing, of the missing piece would greatly improve the appearance of the note. Notes are repaired all the time.....holes filled, corner tips added, details drawn back in, colors and shading added back in.

Whether that's legal or not is a whole different story.

I have to agree with Mr.Frog.

These $1,000 notes are by no means rare.

The legality to repairing a note: why would it be illegal? You're not printing money. Adding the corner back on somehow is not illegal.

A collector would pay face for it. I hate responses like that. Oh, it's in such poor condition that it's probably not even worth face is ridiculous. In line with $300 to $500 silver coins if undamaged being quoted at melt if cleaned.

And all US Federal issues, all coinage since 1792 and all banknotes since 1863. The only exceptions being redeemed notes that managed to enter the collector market one way or another.

Taking it to a bank means sure destruction. Or a bank teller will think it super rare and try to sell it for many thousands. Or you'll get the cops called on you when their counterfeit detector pens fail. If you don't just by virtue of the denomination.

Avoid ebay fees. Try to sell it locally. Avoid the potential rip off buyers on ebay.