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Advice on buying $500 and/or $1000 bills

levijeanlevijean Posts: 1 ✭
in U.S. & World Currency Forum

I'm looking for a $500 and/or $1000 bill. I'm not a collector or investor, I just want it as a conversation piece and will probably end up framing it and putting on my wall or desk. I dont want to pay a premium for graded, perfect condition, etc. I want to be able to resell for at least the same price down the road. Any advice on what and where to look for?

Comments

  • numbersmannumbersman Posts: 1,039 ✭✭✭✭

    I have many but there's no way that a reasonable person can guarantee you'll be able to resell for the same(or close) money...there's no way to promise that.Take some time,do a bit of research (these are plentiful and you will easily find much data) and you'll most likely find the right deal.If you're willing to discuss prices with me(preferably via private message) I can see what I have that may work for you.You can go from there by comparing pricing and condition.Just let me know.

    Collector of numeral seals.That's the 1928 and 1928A series of FRNs with a number rather than a letter in the district seal. Owner/operator of Bottom Line Currency
  • air4mdcair4mdc Posts: 905 ✭✭✭✭✭

    I have seen some ungraded $500 bills in the price range of 600-750$ at shows I have attended. Sometimes you can locate a low grade that is graded in the same price range as a raw. Just cut it out.
    Not sure about the $1000 bill in the raw condition.
    There is annual currency show in some major cities that attracts a lot of dealers.

  • logger7logger7 Posts: 8,518 ✭✭✭✭✭

    Well respected dealers who are fair in pricing like "Numbersman" who be a good source. You could get a nice VF that would grade EF/AU if not for an extra fold, may be a good deal. Avoid examples with pinholes or other problems since quality examples are plentiful.

  • gnatgnat Posts: 392 ✭✭✭

    Numbersman will steer you in the right direction and is trustworthy. A nice (PPQ) VF35 or better note (graded by either PCGS or PMG) will be the best assurance of being able to be easily resold. Whether you will break even is impossible to predict. There are tons of these, so be a little picky.

  • mvs7mvs7 Posts: 1,662 ✭✭✭✭✭

    I agree with the above. If cost is a big factor and you want to look at raw notes, a show is the best place to look. The mark-up online is not worth it. Even mid-size shows will have multiple examples to examine.

  • JBKJBK Posts: 15,580 ✭✭✭✭✭

    BTW - if you are going to frame it, make sure you ask a collector or dealer how to do it so it won't impair the value. Also, exposure to light can fade the ink or discolor the paper over time.

    You will be buying at retail and presumably selling at retail down the road, so I am not sure how you can expect to sell it for what you paid for it, Why not consider a a BEP souvenir card showing a high value bill (engraved printing like the original) and trim it down to banknote size.

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