Home› U.S. & World Currency Forum
Options

Any reason I should not just deposit these $100s?

philographerphilographer Posts: 1,310 ✭✭✭✭✭
in U.S. & World Currency Forum

Got these from the bank in October 2013 when the first new $100s were released. Any reason to keep them or should I just deposit them?

Thanks!

He who knows he has enough is rich.

Comments

  • Options
    Mike59Mike59 Posts: 297 ✭✭✭

    They are beautiful new $100 but I don't see any collector value. If you can afford to hold and you like them then hold them.
    JMHO,
    Mike

    MIKE B.

  • Options
    ZoinsZoins Posts: 33,863 ✭✭✭✭✭

    If you find ones with good serial numbers, they may be worth keeping, like multiple 8s in a row.

    Private Mint News | 2010 Lincoln Reverse Finalists
  • Options
    Steve_in_TampaSteve_in_Tampa Posts: 1,819 ✭✭✭✭✭

    All spenders or eligible for deposit.

  • Options
    291fifth291fifth Posts: 23,936 ✭✭✭✭✭

    Holding high denomination notes results in opportunity cost losses unless they are really something special. I don't see anything special there.

    An example: About four years ago a local dealer bought a group of about 100 gem uncirculated series 1950 $20 Federal Reserve notes from an estate. He was offering them for $40 each and they were not exactly flying off the shelf. Those notes probably sat in someones safe deposit box for 60 years or so. I doubt if the dealer paid much more than $25 each for them. Just think of how much more the original investment would have been worth if he had just put the money in an ordinary savings account, let alone a stock fund or rare coins, circa 1955.

    All glory is fleeting.
  • Options
    2ndCharter2ndCharter Posts: 1,641 ✭✭✭✭✭

    All spenders or eligible for deposit.

    Yup.

    Member ANA, SPMC, SCNA, FUN, CONECA

  • Options
    DBSTrader2DBSTrader2 Posts: 3,459 ✭✭✭✭
    edited December 27, 2020 10:17AM

    As each new iteration of bills comes out (not by release year, Fed location, or sets of signatures - - just different styles & anti-counterfeiting features), I save a few crisp ones for each child just for something interesting to have/collect. Doubt ANY will have any value beyond face, and all will lose spending value due to inflation, but so be it...........

  • Options
    291fifth291fifth Posts: 23,936 ✭✭✭✭✭

    @DBSTrader2 said:
    As each new iteration of bills comes out (not by release year, Fed location, or sets of signatures - - just different styles & anti-counterfeiting features), I save a few crisp ones for each child just for something interesting to have/collect. Doubt ANY will have any value beyond face, and all will lose spending value due to inflation, but so be it...........

    Buy into your states college tuition plan if they have one. Putting away non-interest earning cash is a bad idea.

    All glory is fleeting.
  • Options
    DBSTrader2DBSTrader2 Posts: 3,459 ✭✭✭✭

    Did all that............. this is just "play" money......... ;)

  • Options
    coinpalicecoinpalice Posts: 2,435 ✭✭✭✭✭

    i would keep them, most checking accounts don't pay interest anyway, even in a saving account, you would only earn about 80 cents per year, per 100 dollar bill

  • Options
    Steve_in_TampaSteve_in_Tampa Posts: 1,819 ✭✭✭✭✭

    @coinpalice said:
    i would keep them, most checking accounts don't pay interest anyway, even in a saving account, you would only earn about 80 cents per year, per 100 dollar bill

    What exactly is the advantage of keeping them ?

  • Options
    johnny9434johnny9434 Posts: 27,502 ✭✭✭✭✭

    Spend it

Sign In or Register to comment.