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#1
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$500 bill
I work at a casino and recently came accross a 1934 $500 bill in very
good condition. I was just curious if anyone knows how much it is worth today? |
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#3
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From: Lolipop108
I work at a casino and recently came accross a 1934 $500 bill in very good condition. I was just curious if anyone knows how much it is worth today? First off, let me say that you can be confident that it will never be "less" than face value. That being said, I now state that it's "collector value" varies due details in addition to the Series Date. Can I assume that somewhere on the face it says "Gold Certificate" and that the seal is a kinda deep yellow? I begin to place your Note at a value of (bottom) $560 ($500 for face and at least $60 in collector value). But there are other things that might make a difference. For example: - what is the Serial Number, including the letters? - the signature on the left should say "Julian" ... but on the right, does the signature say: Morgenthau, Vinson, or Snyder? - near where it says "Series 1934" is there an additional letter (A, B, or C)? know that condition is important. You will need to look at the following: How "dingy" (aged) does it look? How many folds are in it? How clear / worn is the President's image? are there any rips or tears more than 2 millimeters in length? Any other damage (holes from staples, etc)? Any writing on it? Does it have an odor (perfume, mold, "leathery", etc)? Consider all of the above carefully. Idf you want an accurate estimate, you must have an honest evaluation. All that being said, let me now say: The good news: Your Note is probably worth at least a little more than the above quote, to a serious collector. The bad news: finding a collector who seeks $500 Notes might be a bit difficult. Still, there's always this post-board, as well as eBay. Too, there's a few online Note Dealers, such as First Currency and Banknotes dotcom. Interesting find. -Coin Saver ) |
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#5
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Since noe of the people inquiring know how to "grade" currency, I
would suggest looking on Ebay at the many other $500 notes being sold every week. Some may have grades (others not). But you can eyeball the notes and get an idea of the relative grade of your note. Also, unless you are fairly expert at grading paper money, light folds, bends, etc are difficult to detect (but that doesn't mean they aren't there and easily detected by a knowledgeable dealer/collector). The values given by eric are rather of the consevarive side (unrealistically low) and since he suggests values for 1934B and C series notes (which certainly DO NOT EXIST), do NOT rely on them. $500 and $1000 are pretty popular witrh collecors right now. So again, check Ebay and see what these are actually bringing. Alternatively, sell them only to an honest and knowledgable PAPER MONEY dealer. Do NOT ever sell paper money like this to a coin dealer. They USUALLY don't know much about paper money and even if they do, they are likely to resell it to a paper money dealer at a good profit (money you lost). American Eagle (they also sell on Ebay) and several others specialize in large denomination notes and will likely give you a fair price for your note(s). |
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