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 Replies: 12 / Views: 1,356 |
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Valued Member
United States
235 Posts |
When I was younger (10-15 years old) I had a brand new, crisp bill for EVERY denomination from EVERY Federal Reserve. So twelve $1 bills through twelve $100 bills, including all the $2 bills. I kept them in a photo binder, the kind with the sticky type stuff on the back to hold the picture in place and it was covered by a plastic film. Not the ideal way to store stuff like that but I was a kid and wasn't keeping it as a future investment.
Eventually I just took the money to the bank and deposited it. This was after a couple of the bills were redesigned and I got some funny looks from the folks at the bank about that.
Looking back now I wonder how much I could have got for that stuff from a currency collector? None of them were graded. Oh well, one thing about collecting coins and currency, you'll at least get face value for it!
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Pillar of the Community
United States
7276 Posts |
Most federal reserve notes aren't worth much over face. I picked up the below for $25 and it's easily over 75 years old.   But if they were star notes or limited runs we could be talking money, with inflation you probably did better by spending them. Edited by hfjacinto
04/20/2022 08:11 am
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Pillar of the Community
United States
600 Posts |
If you invested that money ($2256 if you had the $50s as well), you made way more money than if you kept the bills. Even just putting it in a savings account would probably net you a bit more. In general, coins/banknotes don't have a very good long-term ROI compared to traditional investments.
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Bedrock of the Community
United States
94367 Posts |
Sounds like all of the notes were compromised anyway given how they were stored.
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Pillar of the Community
United States
4637 Posts |
I come up with $2,344 (1+2+5+10+20+50+100 = 188 X 12 = 2,344)
Anyway, there's a good chance that none of them had any numismatic value. So depositing them wasn't so bad.
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Moderator
 United States
188696 Posts |
Yikes!   I guess in the end you did not lose much, but I am more concerned for the potential sentiment than fiscal appreciation. |
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Pillar of the Community
United States
600 Posts |
Quote:
I come up with $2,344 (1+2+5+10+20+50+100 = 188 X 12 = 2,344) I agree with the first part (1+2+5+10+20+50+100 = 188), but we'll have to agree to disagree on what 188x12 equals. |
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Pillar of the Community
United States
4637 Posts |
Sorry captain, you're correct.I have no idea how I came up with 2,344.
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Pillar of the Community
United States
959 Posts |
Quote:
Most federal reserve notes aren't worth much over face. I picked up the below for $25 and it's easily over 75 years old How long ago was that? A quick check on ebay, I didn't see anything less than $125, raw or graded, in any district. I know everything has gone up drastically, and US Paper Money is no exception. If you keep something long enough, its bound to gain value; but there are exceptions. |
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Pillar of the Community
United States
7276 Posts |
Quote:
How long ago was that?
About a month ago Quote: A quick check on ebay, I didn't see anything less than $125, raw or graded, in any district. Don't buy on ebay. ebay has significantly higher prices than average. You should look locally and other online sellers (not ebay), like check out out Allen's of Ohio http://www.allensinc.com/ |
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Pillar of the Community
United States
600 Posts |
Quote:Don't buy on ebay. ebay has significantly higher prices than average. You should look locally and other online sellers (not ebay), like check out out Allen's of Ohio I bought a few things from Allen's a couple years ago, but I haven't found any "deals" there in a while. I think they updated most of their pricing. Not saying it is unreasonable, but I haven't found anything there to purchase in a while. Here's a $20 1934 FRN that's PCGS 63PPQ on ebay. Let's see where it ends up. Currently at $32 as I write this. https://www.ebay.com/itm/203916867840?LH_Auction=1Quote:
I know everything has gone up drastically, and US Paper Money is no exception. If you keep something long enough, its bound to gain value; but there are exceptions. If you compare to other "investments" or even just inflation, most paper money is indeed an exception. $20 in 1934 would be $429 in today's dollars (full disclosure--I didn't fact check that number; I just used an online inflation calculator). |
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Pillar of the Community
United States
959 Posts |
Quote: Don't buy on ebay. ebay has significantly higher prices than average. About the only time I buy on ebay, is when its an auction, and something I really want, otherwise I do go shopping other places. ebay has just got way too expensive, if you know what I mean. |
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Bedrock of the Community
United States
94367 Posts |
E-bay would not exist if values were not t be found.
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Replies: 12 / Views: 1,356 |
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Posted 04/20/2022 07:40 am
