1934 $50 star note...worth keeping?

Hello folks! I have collected coins for over 25 years, but not much in the way of paper money. I recently came across this $50 star note from 1934 and was wondering if it carries any premium over its face value or if I should just spend it.

Thanks for your input!

 

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It's possible you may find a collector that will pay more than face, but between the mark on the back, the stains, and rough overall condition, I'd say it's a spender. Book value is $100 for a VF example.....but yours has issues.

 

Whether premium or not, I say keep it unless you need the money, then I would say try selling or trading it her at CT for a week before spending it.

 

Condition isn't all that bad. Put it up for sale. I can see this fetching about $75.

 

Bring it into your lcs. Im sure you will be able to sell it for at least a small premium maybe even more.

 

Its still a nice note despite the condition. I agree with others, either keep it in your collection or put it in the BST for another collector.

 

Thanks for all the input folks! I appreciate it. I'll take it to the local shop and see what they think. After all, if I can get $75 or so, thats more I'll have for coins! :devil:

 

B&M might offer $50-$60. $75 seems more inline with what currency specialists will pay online. Depending on the series rarity, a private collector may offer even more. As I PMed you, I personally sell oddities to the currency specialists. It might get me 25-50% less than I get direct to a private party, but the specialists cover sipping costs and require no marketing on my part.

 

Thank you NorthKorea! I'll see what happens.

 

Any word on what happened with this note?

 

I'm planning on taking it to the local shop this week. Will let you know!

 

Yes, let us know what he thinks it is worth and what you decided to do with it.

 

Well I took it to the local shop and the guy said he'd go like 15-20 bucks over face. I figured I'd try ebay before settling on that. Bidding opened last night at $89.99. It is a 5-day auction so we'll see what she fetches!

 

Cool!

 

Sold for $93. I'm happy!

 

Nice haul!

 

Right On! And to think you were thinking of just spending it.

 

How many bids did it take to get to that price?
How many bidders were involved?
Inquiring minds want to know.

 

3 bidders, 4 bids. Item number:110975785122

 

Thanks. I still say it was a nice haul. I hope you have many more.