Opinions needed on UNC Series 1977 $50

Discussion in 'Paper Money' started by FL_RacingGal, Dec 29, 2007.

  1. FL_RacingGal

    FL_RacingGal New Member

    Hi,

    My friend had these $50 and I immediately gave her $200 cash for them. They are the only 4 remaining from a wrapper of $50s she had in a safe for years and years and years. I strongly believe they are uncirculated. They are all 1977 series with almost consecutive serial numbers. She must have pulled out others inbetween and spent them...argh!!!!! They are really poorly cut as you should be able to see from the front and back scans and from the large scan of one of the bills. I will apologize in advance for my lousy scans. The scanner in my printer/scanner/fax combo just stinks. It's the absolute worst "Brother" office machine I have ever owned :(

    I believe these $50 bills might be worth more than $50 each but being very very new to paper money, I have no resource books and there is no local coin show until January 20th. Does anyone have any info, advice...worth selling? If they have no collector value I still won't spend them but keep them in my safe for another 30 years :)

    *~*Joey*~*
     

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  3. claw

    claw Senior Member

    I would think that your notes may be worth more than face to the right buyer. Maybe $5 - $20 over face.
    In fact, I would love to have one but this is a bad time of year , for me purchasing such items.

    Whatever you do, DONT SPEND THEM!!

    I would love to buy one of your notes. Only problem, I wont have enough $ for a few weeks.

    Try posting in the open forum , so one of our members may purchase , or trade, if your are forced to get rid of them!

    CLAW
     
  4. RickieB

    RickieB Expert Plunger Sniper

    Current values listed in Schwartz/Lindquist have these notes at $75 ea...

    Nice finds and yep, dont spend em...

    Nice notes!!

    RickieB
     
  5. FL_RacingGal

    FL_RacingGal New Member

    Thanks so much and these are surely keepers for now. I might take them to the coin show in January to see what kind of offers I can get from the currency dealers. Thanks RickieB for looking them up because now I know what price range I am looking for. I might also look into buying that Schwartz/Lindquist book . I also need to ask my friend ( 30 years older than I) if she has ANY older bills left in her safe...ANY!!!!!

    Thanks again for your words of wisdom :)

    *~*Joey*~*
     
  6. clembo

    clembo A closed mind is no mind


    Those are nice notes and RickieB filled you in.
    If you take them to a show don't be disappointed as to what they may offer. They are in business to make money after all but it will certainly give you a good idea.
    Then you may end up selling them elsewhere or keeping them (?).

    If you buy a book the one RickieB mentions is great for what you'll most likely see. Been buying that book myself for years.

    Good luck and nice notes!

    clembo
     
  7. RickieB

    RickieB Expert Plunger Sniper

    FL_Racinggirl...

    Clembo is correct! Just because the guide list's the notes at $75 ea..that doe not mean a Dealer will give you that. You can always count on 10 to 20% of the listed values off the price if you sell to a Dealer.
    That is in most cases...and depending on the item you have to sell...

    Good luck!!


    RickieB
     
  8. claw

    claw Senior Member

    Great advice!!

    I highly doubt most any dealors will offer more than $2 face for those, or tell you to spend them in his or her shop. LOL

    True value, is selling them to a collecter whom may appreciate them much more, if needed.. ( $5- $15 over face)

    Great finds!!
     
  9. Themeparkphoto

    Themeparkphoto New Member

  10. Themeparkphoto

    Themeparkphoto New Member

    Of course, if in 1977, your friend bought four $100 EE Savings bonds (face value $100 cost $50) with these four $50s, instead of saving them, the bonds would now be worth $569.44 according to the Treasury Dep't calculator. :goofer:
     
  11. FL_RacingGal

    FL_RacingGal New Member

    UPDATE!!!

    I took the $50 bills to the coin show today and checked with 3 dealers. First offered me $75 per bill or $300. I'm thinking this is gonna be good so I go to the 2nd dealer and he offers me face value but tells me if I hold them for another 5-10 years, they might pull a premium. The 3rd dealer offered me $55 per bill. I went back to the first dealer and sold all 4 for $300, which is $100 over face value and an easy $100 profit. I proceeded to check out the rest of the coin show and bought some gold..

    Thanks so much for the info. It gave me knowledge to make what I believe was a great deal.

    *~*Joey*~*
     
  12. Coinlover

    Coinlover The Coin Collector

    if they are perfect, no bends creases or anything they are worth $90 a piece. they have to be just like they came out of an uncirculated strap. i'd hold onto them for awhile.
     
  13. Daggarjon

    Daggarjon Supporter**

    coinlover - he sold them :D

    it is too bad, becuase like coinlover, i would have kept them. But it is good you sold them for as much as you did.
     
  14. Coinlover

    Coinlover The Coin Collector

    oh! :D
     
  15. gatzdon

    gatzdon Numismatist

    You have reinforced an opinion of mine. If someone asks me for advice on where to sell something, I tell them to goto a coin show and ask all the dealers what they would pay, then go back to the highest offer.
     
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