Worn $50 Bill Series 1928: Guesses About Value?

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Author	Replies: 4 / Views: 14,105
Jaobler Pillar of the Community United States 6381 Posts	Posted 12/06/2008 9:36 pm Hello all, I'm not a currency buff, but my neighbor came by yesterday and showed me a $50 bill he had received from an acquaintance. It's a small-sized note, "series of 1928A", signed by Treasurer Woods and Secretary Mellon. I presume it was a standard legend for the period, but I like how it states "redeemable in gold on demand at the United States Treasury". I wish that was true for modern currency! The note is worn and creased, with pencil and pen marks. I would guess it's worth more than $50, but I wonder if any forum members can give me a realistic idea about value? My neighbor would like to sell it and I want to give him good information. Thanks! Report this Post to the Staff

wd1040 Pillar of the Community United States 3098 Posts	Posted 12/06/2008 10:33 pm Quote: redeemable in gold on demand at the United States Treasury hmm... can you give us if it's a green seal or a yellow seal? If it is a green seal, then it's not going to be worth much more than face, especially at that condition. However, if it is an actual gold certificate, it should be around 150-300, but then at that level, each small amount of quality affects the price. Care to give us a pic? Edited by wd1040 12/06/2008 10:34 pm Report this Post to the Staff
Jaobler Pillar of the Community United States 6381 Posts	Posted 12/07/2008 11:52 am It's a green seal (too bad!) and pretty thoroughly used. It might deserve a VG grade; at least there are no tears or missing pieces. I'll take some pictures for posting later. Anyone have an idea about what I can tell my neighbor? Should I recommend that he ask $60 for this low-grade specimen? Photos: This note illustrates one reason why I think I prefer coins to currency. The least expensive US coin dating from 1928 (say, a Lincoln Cent or Buffalo nickel) in VG grade would be worth a minimum of about ten times its face value right now. After 80 years this poor note is apparently worth only about 10% above face. Edited by Jaobler 12/07/2008 3:02 pm Report this Post to the Staff
wd1040 Pillar of the Community United States 3098 Posts	Posted 12/07/2008 1:31 pm awwww... I thought it would be a gold certificate. Then he would have had a real treasure! Not to say the FRN isn't a treasure, but at least it doesn't have any tears, some collectors (and stores, too!) might give 55 for it. 60 if you're (or he is) lucky... But pic would be the best! Report this Post to the Staff
wd1040 Pillar of the Community United States 3098 Posts	Posted 12/07/2008 3:14 pm Quote: This note illustrates one reason why I think I prefer coins to currency. The least expensive US coin dating from 1928 (say, a Lincoln Cent or Buffalo nickel) in VG grade would be worth a minimum of about ten times its face value right now. After 80 years this poor note is apparently worth only about 10% above face. ! Yes, well that's a fact. But then there is the almightly factor of the condition of the note. If this was in EF/AU, it could easily go for a few hundred, especially because it's a 50. So... I stand by my price... I think $55-60 would be in the ballpark... Report this Post to the Staff
	Replies: 4 / Views: 14,105

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