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Fair Trade Or Not?

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Author Previous TopicReplies: 11 / Views: 1,368Next Topic  
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amida17's Avatar
United States
4897 Posts
 Posted 03/24/2011  8:43 pm Show Profile   Bookmark this topic Add amida17 to your friends list Get a Link to this Message Number of Subscribers
I came across a Binary-Radar-Bookend one dollar bill.the bill is pristine straight out of a strap to a plastic holder. Not being a currency collector I naturally was looking for a trade.
My coin dealer is willing to trade the 2005,06,07,08 and 10 satin lincolns for it. (I already have the 2009).
Not knowing currency is this a fair trade?
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coinsearcher83's Avatar
United States
1358 Posts
 Posted 03/24/2011  8:48 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
How much would the pennies cost in cash?
Honestly, I think I'd keep the bill.. You can always get pennies..

But idk for sure..

(You might also want to post this in the paper money forum.. They know more about paper money )
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amida17's Avatar
United States
4897 Posts
 Posted 03/24/2011  9:12 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Probably around $12 raw. Maybe I should ask for a blank page for my Dansco to store them? - probably should keep it but my coin budget is pretty tight and if I can get something I want why not?
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coinsearcher83's Avatar
United States
1358 Posts
 Posted 03/24/2011  9:22 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Hmm.. Yeah, I suppose..

Look at it this way: Which would you enjoy more? The cents, or the bill?
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cwb1877's Avatar
United States
1659 Posts
 Posted 03/24/2011  10:04 pm  Show Profile   Bookmark this reply Add cwb1877 to your friends list Get a Link to this Reply
Keep in mind that dealers must come out ahead in every deal they make, otherwise they wouldn't be in business. I have no idea what the note is worth, but you said he was willing to trade Lincolns for it which you figured were worth about $12 or so. I guarantee you that note is worth more than what he offered to trade for it.

In my opinion, it is not wise to trade something rare for a bunch of common stuff. If it were me, I'd keep the note and save my money to buy the common stuff. But again, that is only my opinion.
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United States
3184 Posts
 Posted 03/25/2011  12:12 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
keep the note and buy the lincolns.....might not cost a lot
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Timmy30's Avatar
United States
155 Posts
 Posted 03/25/2011  12:22 am  Show Profile   Bookmark this reply Add Timmy30 to your friends list Get a Link to this Reply
If it were me and I wanted something, I would probably trade for it.
That being said, if I found out the next hour or day that I made a bad trade,
I would be ticked for a week. My opinion, if you can live with the price or the trade then
do it! If not, don't do it! Take care and I love Lincoln Cents! Gonna buy a set of slabed "09 cents tomorrow!
:)
Valued Member
United States
439 Posts
 Posted 03/25/2011  3:15 pm  Show Profile   Bookmark this reply Add monkeyman67 to your friends list Get a Link to this Reply
Check ebay and see how much one of those bills sold for and how much the lincolns sold for.
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amida17's Avatar
United States
4897 Posts
 Posted 03/25/2011  3:20 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
It would be a good wholesale trade. After looking at the bay. I think I'll hold it though. If we do away with dollar bills in the near future it will be that much more scarce.
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amida17's Avatar
United States
4897 Posts
 Posted 03/25/2011  3:25 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
The bills seem to sell for about $30-40. The Lincs. About $15-20.
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coincollector123's Avatar
United States
850 Posts
 Posted 03/25/2011  6:41 pm  Show Profile   Bookmark this reply Add coincollector123 to your friends list Get a Link to this Reply
definitely keep the note. I saw online that those go for so much more that $12
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wolverine's Avatar
United States
277 Posts
 Posted 03/26/2011  12:33 am  Show Profile   Bookmark this reply Add wolverine to your friends list Get a Link to this Reply
If you are please with what you walked away with then it was a good deal. Maybe you could have done better, maybe not. What would you enjoy more; a note you don't collect or a hand full of satin cents that you do collect.
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