Any reason I should not just deposit these $100s?

philographer

Got these from the bank in October 2013 when the first new $100s were released. Any reason to keep them or should I just deposit them?

Thanks!

Mike59

They are beautiful new $100 but I don't see any collector value. If you can afford to hold and you like them then hold them.
JMHO,
Mike

Zoins

If you find ones with good serial numbers, they may be worth keeping, like multiple 8s in a row.

Steve_in_Tampa

All spenders or eligible for deposit.

291fifth

Holding high denomination notes results in opportunity cost losses unless they are really something special. I don't see anything special there.

An example: About four years ago a local dealer bought a group of about 100 gem uncirculated series 1950 $20 Federal Reserve notes from an estate. He was offering them for $40 each and they were not exactly flying off the shelf. Those notes probably sat in someones safe deposit box for 60 years or so. I doubt if the dealer paid much more than $25 each for them. Just think of how much more the original investment would have been worth if he had just put the money in an ordinary savings account, let alone a stock fund or rare coins, circa 1955.

2ndCharter

All spenders or eligible for deposit.

Yup.

DBSTrader2

As each new iteration of bills comes out (not by release year, Fed location, or sets of signatures - - just different styles & anti-counterfeiting features), I save a few crisp ones for each child just for something interesting to have/collect. Doubt ANY will have any value beyond face, and all will lose spending value due to inflation, but so be it...........

291fifth

@DBSTrader2 said:
As each new iteration of bills comes out (not by release year, Fed location, or sets of signatures - - just different styles & anti-counterfeiting features), I save a few crisp ones for each child just for something interesting to have/collect. Doubt ANY will have any value beyond face, and all will lose spending value due to inflation, but so be it...........

Buy into your states college tuition plan if they have one. Putting away non-interest earning cash is a bad idea.

DBSTrader2

Did all that............. this is just "play" money.........

coinpalice

i would keep them, most checking accounts don't pay interest anyway, even in a saving account, you would only earn about 80 cents per year, per 100 dollar bill

Steve_in_Tampa

@coinpalice said:
i would keep them, most checking accounts don't pay interest anyway, even in a saving account, you would only earn about 80 cents per year, per 100 dollar bill

What exactly is the advantage of keeping them ?

johnny9434

Spend it