$10,000 bill found
Geoman
Posts: 2,491 ✭✭✭
A rare $10,000 bill is getting a new home. The bill — one of 15 large-denomination bills at a Chase Bank branch in Green Bay — was shipped to the bank's corporate archives in New York for safe keeping.
The $10,000 bill bears the likeness of Salmon P. Chase, for whom the bank was named. Chase was a U.S. senator who served as treasury secretary under President Lincoln.
The large bill was discovered in a bank customer's safety deposit box after the owner died 20 years ago. The woman's family exchanged the currency at face value, and the bank stored the bill in a plastic sleeve for protection.
Damn, they turned it in for face value?!?!? Wish I could find something like that!
The $10,000 bill bears the likeness of Salmon P. Chase, for whom the bank was named. Chase was a U.S. senator who served as treasury secretary under President Lincoln.
The large bill was discovered in a bank customer's safety deposit box after the owner died 20 years ago. The woman's family exchanged the currency at face value, and the bank stored the bill in a plastic sleeve for protection.
Damn, they turned it in for face value?!?!? Wish I could find something like that!
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<< <i>Damn, they turned it in for face value?!?!? Wish I could find something like that! >>
But banks are not crooks. COIN DEALERS are crooks.
that's where I was hoping this thread would lead. Also, do you think they have any recourse to buy back the $10,000 bill? I sure would hire a lawyer and have a looks see.
<< <i>anyone have any thoughts on its potential value? >>
Depending on condition I would estimate $60,000 to $80,000.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
The family looks at it as found money; the bank looks at it as found treasure.
Joe
Cheers,
Bob
<< <i>Pretty slimey on the bank's part. "Hi, you have a semi-priceless bill which is a valuable part of our bank's history and will offer you a full $10,000 cash for the $10,000 bill even though it is old and not crisp like our 10,000 $1 bills."
The family looks at it as found money; the bank looks at it as found treasure.
Joe >>
Couldn't agree more.
Al
"There are also several hundred cancelled $10000 gold certificates from the series of 1900. These are not part of the above population count, as they had been recalled and cancelled, and are thus no longer obligations of the federal government. They are out there as a result of a fire in the treasury building in 1936, at which point a box full of these ended up in the street! They are worth far less than 10000 dollars...."
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
If it took place twenty years ago when it was discovered, how much was it worth then?
GREEN BAY, Wis. - A rare $10,000 bill is getting a new home. The bill — one of 15 large-denomination bills at a Chase Bank branch in Green Bay — was shipped to the bank's corporate archives in New York for safe keeping.
The $10,000 bill bears the likeness of Salmon P. Chase, for whom the bank was named. Chase was a U.S. senator who served as treasury secretary under President Lincoln.
The large bill was discovered in a bank customer's safety deposit box after the owner died 20 years ago. The woman's family exchanged the currency at face value, and the bank stored the bill in a plastic sleeve for protection.
But bank officials decided the bills would be safer at the JP Morgan Chase & Co. corporate office in New York. The bank sent the bills there last month by armored truck.
The government stopped printing bills larger than $100 in 1945 and hasn't issued any since 1969. The Green Bay bills were printed in 1934.
"The bills had been in our vault so long that many of us were sad to see them go, but we're glad to know that historic bills will be properly preserved," said Green Bay branch manager Carrie Liebhauser.
<< <i>Depending on condition I would estimate $60,000 to $80,000. >>
The old geezer probably could have made even more if he had invested the $10,000 rather than squirreling the bill away in his safe box.
<< <i>Amazing that the family would just turn the bill in and not at least try and see if it was worth more then 10 grand..... >>
You GOTTA get out more. Do you have any IDEA what the ...modern.... average.... American family does when it sees an amount as HIGH as ..... ten grand?
You can get KILLED for ten bucks. The family just didn't want to:
a. Get involved
b. Pay some taxes
c. Make a fuss
d. Have to learn something
e. Other
$10,000 is more money than ....AVERAGE.... US families could scrape up in a month.....without having to mortgage their house.
Lets consider banking rules.
1. You put your money in, they charge you a fee to hold it
2. You put enough money in, they give you a fraction of what they make off it investing it , cuz yer too skeered
3. They charge you interest on a loan of the money you borrow (and you borrowed your own money).
4. You pay an overdraft fee on a bad check that the bank won't back with your own money because your deposit went in on saturday but didn't post til monday night.
5. They give you a debit card and charge you a dollar or two to use it every time you use it.
Why would they give more than ten grand for ten grand ? I ask you this:
Why would anyone bank at a bank ?....
CREDIT, that's why !... and the people who sold it to the bank for ten grand , well, I can only say this:
80% of the people reserve the right to remain ignorant
Sounds like a job for the Bank Posse™
I am surprised they got $10k for the bill. I would have thought a service fee would have been charged.
<< <i>You forgot to mention that when you deposit a large amount of cash the bank will charge you a fee to make the deposit. Obstensively for counting the amount deposited, etc.
I am surprised they got $10k for the bill. I would have thought a service fee would have been charged. >>
I would think that one 10,000.00 bill would not amount to much of a challenge to count and would not take up much time to count.........even for the most moronic bank teller on the face of the planet.
<< <i>even for the most moronic bank teller on the face of the planet >>
Wrong, goose. You forget that MULTIPLICATION would be needed. 1 times 10,000. A stumper without a calculator. Service charge was warranted. They should be thankful that it was ....waived.
I lost a $10,000 bill. I bet it's mine.
Yeah, that's the ticket. It's my $10,000 bill
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I am surprised they got $10k for the bill. I would have thought a service fee would have been charged."
Let's see now....How long would it take to count a $10,000.00 bill? " Uh, 1". That didn't take long.
She took the cash and the next day went to her bank, filled out a deposit slip and deposited her $1,000.00 in 6 bills.
The next day she called me and told me of her good luck and of the fact that she got a $500.00 bill. I got excited and asked her if she still has it and if she would sell it to me. She said she deposited it in her checking account. I told her that $500.00 bills have not been made in decades and that even if it was in worn condition she could probably sell it for $700.00. She was bummed and said "I didn't know". I said "you know what my hobby is, why didn't you call me first".
What a bummer for her and for me. I would have paid her a profit on the $500.00 bill just so I could have one. I am sure the bank teller and the branch manager were very happy to take my sister's deposit. Someone at the bank probably took the $500.00 bill and replaced it with $500.00 in twenties, then resold the bill for a profit.
Oh well, at least I have something I can rag on my sister about forever. In that respect, it is a good story.
When I was around 4 years old I found a cloth bag full of 1943 Steel Pennies in my grandmothers attic, under some floorboards. This was around 1959. My grandmother promptly took the small hoard to the Bank and deposited them into her account. To this day my Dad laments the fact that she did this to his stash of steel pennies. This is nothing compared to a $10,000.00 note but still it's an illustration of what most non-collecting people do with " found money".
I turned him down cold.
I feel much better now that I did so.
I used to gawk at the Chase money museum as a kid in New York City back in the 1960's. It crushed me when they got rid of it which was why I did not have the same feelings for Chase in 2003.
Peace!
Steve
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.