WTB $500 or $1000 Bill

[pokerplyr80]

Long shot on the forum I'm sure but if anyone is looking to move one I'm interested. It seems they were mostly made in 1934 so posting here.

[Snapolit1]

Sold my $500 to a board member last year. Good luck.

[pclpads]

Dumb question, I'm sure, so thanks for your restraint. But, curious minds want to know . . . do these sell, when you can find them, at face value or a premium?

[BabyRuth]

I bought one a few years back(Not at face value!!) and they are cool conversation pieces.

[oldeboo]

Originally Posted by pclpads

Dumb question, I'm sure, so thanks for your restraint. But, curious minds want to know . . . do these sell, when you can find them, at face value or a premium?

Typically 2x-3x face value for an average one, possibly much high if it has something special going for it(star note, interesting serial#, etc) or is a high grade.

[scooter729]

Not for sale but every thread benefits from a pic.....

[pokerplyr80]

Originally Posted by oldeboo

Typically 2x-3x face value for an average one, possibly much high if it has something special going for it(star note, interesting serial#, etc) or is a high grade.

This is what I'm seeing on Ebay too. I don't need anything crazy, just something presentable in decent shape.

[Snapolit1]

Guessing a lousy place to buy, but some good information.

https://www.highdenomination.com/

[pokerplyr80]

Thanks I think I stumbled across that site at one point. Prices for the 500 Bills dont seem out of line. Not quite a currency equivalent of Dean's.

That 1000 is pretty nice looking Scott. I will go 3500 (I know you said NFS).

Just have a measly $20 Redeemable In Gold Federal Reserve Note

[eliminator]

They make great display pieces. Bought these 5-6 years ago and continue to appreciate.

[leftygrove10]

I think you can find a nice graded or raw example from a reputable dealer on eBay. You can probably find a decent one for 2.5x. Be patient. The right one will come along.

Here are a few of the bills in my collection. The $500 bill is graded as a 35. Good luck to you!

[scooter729]

Originally Posted by pokerplyr80

That 1000 is pretty nice looking Scott. I will go 3500 (I know you said NFS).

Thanks Jesse - I do want to keep it since it's something I had wanted for a while, but I bet you should be able to find a nice one in that price range. Good luck....

[pokerplyr80]

Originally Posted by eliminator

They make great display pieces. Bought these 5-6 years ago and continue to appreciate.

Those are pretty much what I'm looking for. I don't know much about the currency hobby, are both of those grading companies considered legitimate? Is one better than the other, or is it like a psa Vs SGC situation?

[eliminator]

Originally Posted by pokerplyr80

Those are pretty much what I'm looking for. I don't know much about the currency hobby, are both of those grading companies considered legitimate? Is one better than the other, or is it like a psa Vs SGC situation?

In my opinion, both companies are considered competent, reputable and their graded items command similar prices. Again, in my opinion, I consider PMG vs. PCGS to be similar to PSA vs SGC.

However, I wouldn’t be against purchasing raw bills that are being sold by a reputable seller. Good Luck!

[cammb]

Can I sell my stamps on this thread?

[andybecker]

Originally Posted by leftygrove10

I think you can find a nice graded or raw example from a reputable dealer on eBay. You can probably find a decent one for 2.5x. Be patient. The right one will come along.

Here are a few of the bills in my collection. The $500 bill is graded as a 35. Good luck to you!

nice bills Brad. nice to see you around too. Happy Thanksgiving.

curious, what are those $1 and $20 worth, ballpark.....(and dont say $1 and $20, LOL)

[leftygrove10]

Originally Posted by andybecker

nice bills Brad. nice to see you around too. Happy Thanksgiving.

curious, what are those $1 and $20 worth, ballpark.....(and dont say $1 and $20, LOL)

Hello, Andy. I think the $1 Silver Note with the Funny Back runs around $35 to $40. I think the $20 Gold Certificate runs between $150 and $200.

[andybecker]

Originally Posted by leftygrove10

Hello, Andy. I think the $1 Silver Note with the Funny Back runs around $35 to $40. I think the $20 Gold Certificate runs between $150 and $200.

Thanks Brad!

good luck in your quest Jesse (sorry to hijack your thread, i hope the bumps help...).

[pokerplyr80]

Originally Posted by eliminator

In my opinion, both companies are considered competent, reputable and their graded items command similar prices. Again, in my opinion, I consider PMG vs. PCGS to be similar to PSA vs SGC.

However, I wouldn’t be against purchasing raw bills that are being sold by a reputable seller. Good Luck!

Thanks for the response. Given my lack of knowledge I will probably get a graded example.

And no problem Andy. As long as no one else has a problem with this discussion in the bst it doesn't bother me. I probably didn't even post this in the right place to begin with.

Thanks for sharing examples too. Lots of nice looking bills. Hopefully this doesn't lead to an entire new hobby for me I'm still trying to find several cards I want and doubt i will have funds for both.

[oldeboo]

Originally Posted by pokerplyr80

Thanks for the response. Given my lack of knowledge I will probably get a graded example.

And no problem Andy. As long as no one else has a problem with this discussion in the bst it doesn't bother me. I probably didn't even post this in the right place to begin with.

Thanks for sharing examples too. Lots of nice looking bills. Hopefully this doesn't lead to an entire new hobby for me I'm still trying to find several cards I want and doubt i will have funds for both.

If you eventually get into raw examples, one of the big things to look for is pinholes. They are nearly impossible to detect with just images. In person I will take a piece of currency and hold it up to a light source, the pinholes will light up like a Christmas tree. Sometimes you'll see none of course, sometimes 1 or in many cases several. People would tack these up onto something to display in a similar way baseball cards were glued into an album. Anyhow, it's one reason buying raw currency online is tricky unless the seller is knowledgeable and forthcoming. Also, folds and creases can be a little tricky to see online too.

A few common favorites if you're looking to explore more in currency would be:
1862 $1 Chittenden/Spinner (the $1 bill that started it all)
1899 $1 Black Eagle (an affordable favorite for many)
1922 $20 Gold Certificate (just neat)
Confederate Currency (glimpse into history)
Fractional Currency
Colonial Currency (surprisingly many affordable examples considering the age, one big one here is currency printed by Benjamin Franklin)

Once you get into the large size notes, these pieces are essentially a work of art. The ones above are some basic ones that will branch you off into some even more unique pieces. Do yourself a favor and check some of those out if you're finding yourself interested in paper currency

[leftygrove10]

Originally Posted by pokerplyr80

Hopefully this doesn't lead to an entire new hobby for me I'm still trying to find several cards I want and doubt i will have funds for both.

LOL. It started with a $500 bill for me and then I couldn't stop. I find it all fascinating. There is a lot to collect like the federal reserve notes, legal tender notes, silver and gold certificates, funny backs, Hawaii and South Africa emergency issues, etc, etc

[BRoberts]

Jesse, you should keep an eye on Heritage's live auctions of currency on Tuesday nights. Occasionally there are mid to lower grade $500 and $1,000 graded examples. Fun auctions to bid in, too.

Off Topic Exploded Red Dye Pack Money. I found a few along an NC State Highway @ 200' a part in a ditch while Surveying

[MikeGarcia]

..it's called concealing evidence of a federal crime....

..

[pokerplyr80]

I will check out the heritage auctions for sure. And I'm sure there are lots of great options out there beyond the 500 and 1000 Bills. I'd love a 5k or 10k but those seem to be quite expensive.

Older examples and Confederate or colonial bills do fascinate me as well. I guess we will see what happens long term.

Happy Thanksgiving everyone!

Originally Posted by MikeGarcia

..it's called concealing evidence of a federal crime....

..

Found them just outside Kinston, NC on NC 11, and have them in hand

[ajjohnsonsoxfan]

Love the large denomination bills. Here's mine that I bought at the Long Beach coin show some years back. Love the artwork on both sides

[Ed_Hutchinson]

I dont collect currency at all but this has been a fascinating thread.

I do have a question though. Not that you would, since they command a premium, but are they still legal tender?

Thanks for sharing info guys, I love this site for that!

Ed

[scmavl]

Originally Posted by Ed_Hutchinson

I dont collect currency at all but this has been a fascinating thread.

I do have a question though. Not that you would, since they command a premium, but are they still legal tender?

Thanks for sharing info guys, I love this site for that!

Ed

Yep, they sure are.

[leftygrove10]

Originally Posted by Ed_Hutchinson

I dont collect currency at all but this has been a fascinating thread.

I do have a question though. Not that you would, since they command a premium, but are they still legal tender?

Thanks for sharing info guys, I love this site for that!

Ed

As the poster above me said, they are still legal tender today. The $500 and $1000 bills were taken out of circulation in 1969. If you took them to the bank to deposit them today, my understanding is that they would be taken out of circulation and shredded. I am guessing that the bank doesn't do that, but that they send them to the government to do that.

When I was a kid, we took a tour of the U.S. Treasury in Washington, DC. You could buy a bag of shredded money from a vending machine. I still have that to this day.

[Fuddjcal]

Originally Posted by Ed_Hutchinson

I dont collect currency at all but this has been a fascinating thread.

I do have a question though. Not that you would, since they command a premium, but are they still legal tender?

Thanks for sharing info guys, I love this site for that!

Ed

Me Neither. NOW I GOTSTA HAVE ME A 500 & 1000 Damn you

[scooter729]

Originally Posted by Fuddjcal

Me Neither. NOW I GOTSTA HAVE ME A 500 & 1000 Damn you

That's what happened to me maybe 5-6 years ago, and led me to buy one of each at the time. Love that I did and I know anyone else will as well!

[pokerplyr80]

Originally Posted by Ed_Hutchinson

I dont collect currency at all but this has been a fascinating thread.

I do have a question though. Not that you would, since they command a premium, but are they still legal tender?

Thanks for sharing info guys, I love this site for that!

Ed

I imagine legal tender or not you'd have a hard time getting the kid at best buy to accept one of these for a new computer or TV.

[oldeboo]

Originally Posted by pokerplyr80

I imagine legal tender or not you'd have a hard time getting the kid at best buy to accept one of these for a new computer or TV.

I go to a coin shop and the owner usually gives Kennedy halves and Ike dollars as change. It's fun using them in stores. The employees often have to ask a manager if they can accept them and wonder if they are real money.

[pokerplyr80]

Originally Posted by oldeboo

I go to a coin shop and the owner usually gives Kennedy halves and Ike dollars as change. It's fun using them in stores. The employees often have to ask a manager if they can accept them and wonder if they are real money.

Yea if I ever end up with one of those, or a $2 bill I usually hang on to them. There is a casino around here that pays odd dollar blackjack bets out with a Kennedy half (it's been a while I don't remember which one). Most go back to the dealers in tips I assume but I would usually take one or two home

[ajjohnsonsoxfan]

I love $2 bills. You can go to your bank and request them. During the holidays, I always get a couple hundred bucks worth and use them as tips

[ZiggerZagger]

This is a super cool thread. It got me thinking.

I worked as a Teller as a State Bank in MN during Summers in High School, and every so often in College. As a collector, I always was looking for interesting things to come across the counter. We were allowed to 'buy' out of our own till. So I found these older bills from 1932, a bill with a repeating serial number, and then this low number $5 bill.

But the coolest thing I think is this Kennedy $20 bill. There's a lot of lore out there if I recall correctly, with $1 and maybe $5 bills made in 1963, with the "K" Fed Reserve bank designation ('K' for Kennedy and the Dallas, TX reserve bank), and 4x number 11's on the bill (JFK killed in 11th month, 22nd day (11 x2) and at age 44 (11 x4)). But I was floored to find this example with the Serial Number beginning with 1963! Crazy. Not sure who cares, but it was eye-popping to find. Too bad it's from '93, and not '63...

Anyway, good memories of a great summer job!

ZZZ_001.jpg

ZZZ_002.jpg

ZZZ_003.jpg

[Bored5000]

Originally Posted by ZiggerZagger

This is a super cool thread. It got me thinking.

I worked as a Teller as a State Bank in MN during Summers in High School, and every so often in College. As a collector, I always was looking for interesting things to come across the counter. We were allowed to 'buy' out of our own till. So I found these older bills from 1932, a bill with a repeating serial number, and then this low number $5 bill.

But the coolest thing I think is this Kennedy $20 bill. There's a lot of lore out there if I recall correctly, with $1 and maybe $5 bills made in 1963, with the "K" Fed Reserve bank designation ('K' for Kennedy and the Dallas, TX reserve bank), and 4x number 11's on the bill (JFK killed in 11th month, 22nd day (11 x2) and at age 44 (11 x4)). But I was floored to find this example with the Serial Number beginning with 1963! Crazy. Not sure who cares, but it was eye-popping to find. Too bad it's from '93, and not '63...

Anyway, good memories of a great summer job!

Attachment 429380

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JFK was 46 when he was assassinated. As you can see from my avatar right now, the JFK assassination has long been one of my favorite topics to study and collect.

[ZiggerZagger]

Originally Posted by Bored5000

JFK was 46 when he was assassinated. As you can see from my avatar right now, the JFK assassination has long been one of my favorite topics to study and collect.

And that's what I get listening to crazy conspiracy theories...

AlwaysSunny.jpg

[bundy462]

Not being familiar, I was curious if the paper currency collecting market prices are skyrocketing at all like the vintage card market?

[Jobu]

Well, I never considered getting one of these, but now I keep thinking about how cool they are. Thanks a lot!!

As a kid in the 1980s, my dad had a $500 in his wallet that he showed me and it blew my mind. I had forgotten all about that until just now.

[TheBig6]

N/a

[pokerplyr80]

Originally Posted by Jobu

Well, I never considered getting one of these, but now I keep thinking about how cool they are. Thanks a lot!!

As a kid in the 1980s, my dad had a $500 in his wallet that he showed me and it blew my mind. I had forgotten all about that until just now.

I remember learning something about them in school but never saw any as a kid. I just think one of each would make a great display piece. Definitely something most people don't see every day, or perhaps even know exists.

[scooter729]

First time I think I realized there were $500 and $1,000 bills was on "Let's Make a Deal" reruns. Monte Hall was the host if I recall, and the prizes for contestants were often $500 and $1,000 bills. This was the 1980s when I saw them, and always thought it would be cool to have one of each. Took me 30 years or so to make it happen!

[bnorth]

Originally Posted by bundy462

Not being familiar, I was curious if the paper currency collecting market prices are skyrocketing at all like the vintage card market?

^^This^^

This thread has my interest peaked in owning at least the $500, just don't want to buy when the market is at or close to an all time high. Next Friday I have the chance to go to a nice shop that sells currency. Never been to one before.

[leftygrove10]

Originally Posted by bnorth

^^This^^

This thread has my interest peaked in owning at least the $500, just don't want to buy when the market is at or close to an all time high. Next Friday I have the chance to go to a nice shop that sells currency. Never been to one before.

I will chime in because nobody else has. I am not an expert on currency prices. But.... As far as I have seen, the prices for currency haven't increased due to Covid like they have for baseball cards. You should be able to find a really nice $500 note for $1200 or $1300. I would take a look on eBay before you go to the coin shop. See what $1200 or $1300 (or whatever your budget allows) can buy you. Then go to the coin shop and see if you can do the same or better at the coin shop. When I was looking for my $500 note, I don't think there were many actual auctions. Most of the notes for sale are "Buy It Now".

[Snapolit1]

Originally Posted by leftygrove10

I will chime in because nobody else has. I am not an expert on currency prices. But.... As far as I have seen, the prices for currency haven't increased due to Covid like they have for baseball cards. You should be able to find a really nice $500 note for $1200 or $1300. I would take a look on eBay before you go to the coin shop. See what $1200 or $1300 (or whatever your budget allows) can buy you. Then go to the coin shop and see if you can do the same or better at the coin shop. When I was looking for my $500 note, I don't think there were many actual auctions. Most of the notes for sale are "Buy It Now".

Whenever I have stumbled upon a $500 or $1000 bill at a collectible store they have been grossly overpriced.

[pokerplyr80]

From what I've been seeing $1500-$2k should get a nice looking $500 bill (graded in the 40-50 range) and $3-4k for a $1k bill. For the 1934 issue. Some rarer or earlier issues are listed for much more.

[birdman42]

Originally Posted by bundy462

Not being familiar, I was curious if the paper currency collecting market prices are skyrocketing at all like the vintage card market?

Not sure about lately, but over the years definitely yes. In the 80s at any mid-size coin show some of the flashier dealers would have $500s and $1000s in their display case at a small markup--no more than 10-20%. Mostly just a macho showoff thing; it would be the same guys wearing the gold nugget pinkie rings.

Bill