Ever been handed some nice currency worth keeping?
oldcameoproofsguy
Posts: 3,174 ✭
I sometimes have to travel in my job and my employer pays my travel expenses in cash. The cash office often will give me oddball things that they cannot easily count like SBA's, Ikes, Sacs and such. I was really surprised when I was handed these two bills together by the cash office. Maybe they wouldn't go through the bill counter? Anyway, I was pleasantly surprised by my good fortune; the bills aren't worth a lot but I couldn't believe that they would still be in circulation. It is odd finding coins in circulation that are this old, but currency is another story.
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Rusty.
Stman
Do you work for the mob?
It's a 1966 Red Seal Specimen. (Note the serial number) Only TWO KNOWN! The word specimen was printed front and back but someone decided to erase them so they could spend it. He doesn't collect bills and needed the cash so he sold it. $4000. I keep my eyes open for interesting notes now
the shows like Balt. I had a small collection of errors I sold about
10 years ago and for a profit too. But I had inverted ser. nums,
mismatched digits, no ink smears. I think it was more marketable.
I know little about currency so I stay clear of purchasing much more.
That hundred is quite a prize. A fold mark pressed out anywhere?
My website
BTW, one of the local shops must be burried in rags. They have been giving out low grade silver certificates and $5 red seals.
Got quoins?
To make a long story short, this guy had an inheritance from a dead relative and ended up with nearly $12K in cash, most of which was like the ones I just described. My uncle explained to the guy that the notes were collectible and he could probably get way over face value for them, but he didn't care...so, my uncle took his money out of the bank, I got in for $1,000, and my dad got in for a grand or so, and we bought most of this guy's currency. A couple hundred sales later through eBay, Amazon, Yahoo, Lycos, and a couple of local dealer sales, and that $4K deal netted enough to buy the remainder of what this guy had. All of it is sold now (4 years later), and the grand total was a little more than $5,500 in notes ranging from $1 to $100 for a grand sales total of over $18K between us. None of it was rare or unusual stuff, just a bunch of old cash that had been saved over the years. Some of it sold for near face value, some of it didn't sell...but some of them sold for up to 20X face, which was really nice!
Edited to add...Online auction fees, the time spent listing it, and the hassle of shipping, etc. basically wore away much of the profit from the sales, but the three of us had a good time looking them up in a little pocket black-book and listing them at what we believed to be half of their retail value (unless it was under face, then we listed it for face). We learned a little about grading currency from the book and from the replies from customers, all of whom commented that the grading was conservative. Basically, we only had a few grades to deal with - from VF up.
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
<< <i>That serial number on the $100 should make it worth $300 - $400 easily. >>
That's what several collectors told my brother. I searched the internet and found a buyer of unusual serial numbered notes. He paid him $4000. The bill is currently for sale.....................
HERE (www.usarare.com) Scroll down to where it says "1966 SERIES ONE HUNDRED DOLLAR USN NOTE *SPECIMEN* Click on that to see the bill. Below that is the story about this and other specimen notes. If you want to see some really fantastic notes, search around their website. They have an outstanding collection - all for sale.
The Ludlow Brilliant Collection (1938-64)