Keepers?

hello all i was just going through some bills i got back from the bank after dumping coins in exchange for currency and one of those bills happened to be a star note. So this in cause urged me to get a $100 dollar bundle of $1 bills. So there are the results to the ones that i hope to be collectables or not?

reason for keeping the top one is its a nice crips 1995. reason for keeping the second one is that it seems like a low serial?

 

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Both are spenders. Purists will tell you that four or more leading zeros makes for a low number. On Ebay, sellers describe anything with one or more leading zeros as low numbers.

 

I see well im glad i made sure then. thanks rickmp.

 

I'd keep the '95 L-W and spend the other.

 

Exactly. That 1995 note is a keeper all the way and belongs in a currency sleeve and not in circulation where it will be worn out and destroyed. I rarely find notes from 1995 in such amazing condition. To top it off, the note in question is from a "W" block. A $1 "W" block has not been printed since series 1999 so that L-W combination grows in rarity with each passing day.

 

While I agree with what you are saying and I would keep that note...it's certainly not ever going to be a rare or valuable piece. But, it is nice and not seen much these days.

As for the other note...I agree that it's a spender. But, it's only $1 so if you like it and want to keep it...there is nothing that is stopping you. It's not much of an investment.

 

Yeah the 1995 i have learned thanks to Nos is a keeper and well i know well enough it probably wont be exactly high priced like older notes or who knows maybe they will be like the silver certificates in 40 years an this one being particular gem with the particular block. So no misconceptions here just happy to find something not of the Extra ordinary.

 

I don't get it. I think rickmp had it right, both spenders.

Do the coin collectors have the same mentality ? If they find a 1995 nickel in circulation, do they keep it because "it grows in rarity with each passing day" ? I know we are only talking about a dollar here, but where do you draw the line ? Do you also keep the series 1999, 2001, 2003, 2003A knowing that they grow in rarity with each passing day ? Maybe a block collector would, but most block collectors I know want uncirculated examples.

I just don't understand the reasoning that have other collectors advising you keep a common, circulated, modern-era, non star, not fancy, non error one dollar bill.

I just don't get it.

 

First thing its not a Circulated grade note ,its crisp with no bends or folds or tears. and no note collecting can be a little different from coin collecting such as over time most notes just wear out and deterioate in a drastically shorter amount of time than coins so these older years may become slightly rarer over time than say the same years coin. Least thats what i think happens so to find a 15+ year old note in crisp uncirculated is "rare" so to speak.

 

Sounds like you had your mind made up even before starting the thread.

I should steer clear of these "what's it worth" and "keeper or spender" threads, especially when the OP has modern-era one dollar bills.......one mans ceiling is another mans floor.

 

No i can honestly say i didnt but i learned better which is one thing i intended to get from this thread.

 

Since when does paper money last a 10th the time hard metal coins do? I don't get *it* either, Steve. And as NOS stated, maybe not just any 1995 $1 is worth keeping, but the block and condition say to me keeper. For all we know, that could be one of the last series to have a 'W' block... The note will never be worth a million dollars either.
OP: If you want it to sell eventually, spend it or sell it to a member now on here that collects blocks, like myself. If you just want to save it to collect it, have fun!:yes:

 

Your example isn't entirely accurate. A 1995 $1 note and a 1995 nickel are very different things. First, the note was printed in 1999 so lets compare it to a 1999 nickel. A paper note is designed to last in circulation for 12-18 months. So, this note should have been gone from circulation by 2001 or so. A coin is designed to last for 30 years...so that 1999 nickel should be gone around 2029. So, that note has survived about 10x longer than it was intended while the coin has only lived a third of it's projected life. Now, I'm not saying it's like finding a 300 year old coin in circulation (which would be the equivalent of a coin surviving for 10x it's expected life)...but it's certainly less common than a 1999 nickel. I would compare finding this note to finding a nickel from the 1950s in circulation. It's not rare...and most of us have found them but it doesn't happen that often. I know many coin collectors who pluck old nickels out of circulation even though they don't have much value and I know plenty who don't bother with them and just spend them. But, I see noting crazy about saving these notes. It's not my thing either, but I do see the reasoning behind it.

 

Best thing said all thread. Good for you, and I hope all of your collecting decisions help you enjoy the hobby.

 

Rare? I consider something "rare" when it's literally hard to get. A perfectly crisp 15 year old bill is not hard to obtain, so it is not rare in my opinion. I think a better way to describe it is, it's not so common nowadays.

A 1913 Liberty Nickel or that 1933 Gold Double Eagle I would consider "rare"..

 

As has been pointed out, the note is not creased or torn, etc. but appears to be in nearly Mint CU condition. If the note was your typically well-used and worn 1995 note that I usually find, I would say that it is a spender as well. But clearly, it is not. This is the fallacy of your argument which I and your other Cointalk members are trying to point out to you.

The note was actually printed in 1998 but what difference does a year make, lol.

 

You're right...I misread my book. LOL.

 

I agree, I would not consider the note "rare" at all. "Rare" is a term that can be mis used too often. I still do however think you should keep it. I mean, I guess you could buy a candy bar with it, put it *towards* a fricken cup of coffee haha. Sad truth is, that $1 would most likely not make a difference in your life for you to remember more than a day or 2. Hang onto it for a couple decades and you'll have a collectible note then. Especially if the BEP seizes production of $1's, or even all paper money for that matter. Or also like I said if they never print a 'W' block for a while. $1 is $1 and it's almost not (for me at least) worth worrying thinking if I should or should not get a McDouble with it.......

 

Yeah I sort of thought quoting rare and so to speak would make it seem like i didn't misuse it but i guess there were better words to use. But yeah i shall keep note in my collection and see where it goes through the years.

 

I agree that rare is the wrong word to describe this note. This note is unusual in circulation but easy to find on the collector's market. Like I said before, if you like it...there is no reason not to hang onto it. It's only a buck.