1934 $1000 & $500 Bills

My mother-in-law just passed away. I was cleaning out an out money bag and
found 5 $1000 bills and 4 $500 bills from 1934. I heard this was the best
way to find an approximate valve. They are very good shape. I collect
sports cards and would grade them near mint in the sport card grading
methodology. Do any of you have a guess what they are worth? Thanks in
advance.

In uncirculated (UNC) condition, the notes list for triple face value
according to the latest catalog of world paper money. My guess is that they
are definitely not UNC. If they are in as good shape as you suggest, then
they are likely to be worth double face value. No matter what condition,
they are definitely worth more than face value.

Whatever you do, don't spend them or turn them in to a bank, as they will
eventually be sent to the Federal Reserve where they will be destroyed.
Handle them as little as possible and find a reputable banknote (not coin)
dealer to accurately grade them.


On 9/25/07 1:01 PM, in article
, "sgoudy"
wrote:

My mother-in-law just passed away. I was cleaning out an out money bag and
found 5 $1000 bills and 4 $500 bills from 1934. I heard this was the best
way to find an approximate valve. They are very good shape. I collect
sports cards and would grade them near mint in the sport card grading
methodology. Do any of you have a guess what they are worth? Thanks in
advance.

"Owen W. Linzmayer" wrote in message
Whatever you do, don't spend them or turn them in to a bank, as they will
eventually be sent to the Federal Reserve where they will be destroyed.
Handle them as little as possible and find a reputable banknote (not coin)
dealer to accurately grade them.


The ladies in the banks here will send them down to the coin dealer
downtown.

The ladies in your bank are smart. I'm sure the coin dealer pays them a nice
finders fee for their trouble.

I recently toured the SF Fed Reserve Bank and saw their cash handling
operation where they cull out shabby and outdated notes. When I inquired
what happens to old bills larger than $100, the guide explained, "They're
shredded." Then I watched as some nicer older notes were indeed destroyed
before my eyes. What a shame.

Guess that ensures that those older notes in collections will never have
their value destroyed by the Fed dumping a horde on the market.


On 9/25/07 4:39 PM, in article , "Ukraina Dvi"
wrote:


"Owen W. Linzmayer" wrote in message
Whatever you do, don't spend them or turn them in to a bank, as they will
eventually be sent to the Federal Reserve where they will be destroyed.
Handle them as little as possible and find a reputable banknote (not coin)
dealer to accurately grade them.


The ladies in the banks here will send them down to the coin dealer
downtown.

"Owen W. Linzmayer" wrote in message
...
The ladies in your bank are smart. I'm sure the coin dealer pays them a
nice
finders fee for their trouble.

I live in an area with a lot of older residents that cash in interesting
stuff at the banks. The day I got my D note someone had just come in from a
bank where the cashier told them to take it to the dealer because it was
worth more. That way the person turning it in gets more, the dealer makes a
profit, and I have something I like to look at and fantasize about having it
back then.