1934 $500 Chicago Bill Value????

JDsCoins

Thinking about maybe picking this guy up but they are asking $1200 for it.

Is the blue stain a deal breaker?

Thanks for the help all!

Steve_in_Tampa

High denomination notes, $500 & $1,000, are enjoying unbridled popularity with prices rising faster than many other areas of numismatics. Early on in collecting I was cautioned about buying problem notes unless the note was extremely rare. These are not rare. You’ll be reminded why you received the bargain price every single time you look at this or show it to others. Personally and respectfully, I would wait and save for a problem free example.

This is my former Fr.2201-G. I bought it for $1,800 back in 2011. Those days are long gone.

JDsCoins

That is a beauty!!!

JBK

I recall years ago a major reputable dealer was buying generic 500s and 1000s at 5-10% over face, and retail wasn't too much more.

I agree that if you're going to the the plunge you like are better off paying more for a clean note.

The seller of that 500 with the bank stamp will be happy when he sells it.

PapiNE

That is sooo cool. I vaguely remember a $1000 bill as a kid but didn't realize there were $500 bills. Another one for the list.

Lostintranslation

Steve in Tampa is dead on. The blue ink will come back to haunt you. AC

johnny9434

I always smile when I see notes like that

golden

Wait for a problem free note.

JDsCoins

I am going to wait,

Thank you all for the help

291fifth

Wait for a better example. I always recall what a major paper money dealer told me back in the 1990s when asked about the rarity of the high denomination notes. He simply said something like "How many do you want and how much are you will to pay. They're available."