$1000 bills Value please
ajaan
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The cousin of one of the teachers at the school I teach at is a bank teller. She recently had (2) $1000 bills in her drawer. She was smart enough to buy the notes from the bank but she doesn't really know the value of the notes. I don't have images yet, but she said there are no holes or folds. Assuming the notes are in 'average' condition, what's a ball park figure value for each note. I believe she said the notes have a date from the 1930s. TIA
edited: should the notes get graded? If so, by whom.
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Value and if they're worth grading depends on condition, series of issue, and ferderal reserve bank district. A minimum value starting point is $1,600. Once you post pictures, fellows board members can chime in on a more accurate valuation.
Circulated currency normally won't have any holes but will have some folds. In problem free fine, very fine or extremely fine notes probably sell around $1500-$2000.
Heritage archives will give you an even more accurate figure. Since many $1000s are sold there is well-documented price realized information there. I'm presuming, as a coin guy, that you are familiar with this source and it's a good one for a valuation on an item like this.
Congratulations on a smart save!
I looked at several at the CSNS and in low grade, raw and graded, $1900-$2300. No deals to be given. From what condition you describe I would say you have a $1700-$2000 retail bill. If no folds ,stains or tears they would be worth sending in to PCGS or PMG. I know a guy that got a call from a teller that stated she had five $1000 bills. He went and bought them and sold each one for $2000. How nice is that? Lot of Chicago $1000’s out there.
$1000 bills in a bank drawer!? How unlikely is that!
Is kind of odd these days what and where some of this old currency comes from and goes to the bank? I'm still trying to connect with a teller that bought (at face value) near $600 worth of 20's from 28 and 34. He said an old woman brought them in and cashed them for a money order. I guess it still can and does happen, right?
It’s surprising what people turn in at banks. Some people don’t want to hassle with the intrinsic or numismatic value. They just want face value.
Makes me want to get a part time gig at a bank... almost.