On Saturday, I stopped at two banks and asked for old-style bills. Lo and behold, three $2 USNs, and a $5 Silver Cert. The Barr note I got earlier in the week after spotting it in a teller's drawer. This means that over the past two weeks, I have found more collectible items than many people find in ten years of searching! My theory is that, due to the slowing economy, more people are cashing in their "mattress money" to pay the bills. This includes older FRNs, Silver Certs, US Notes, and others. My coin/currency dealer is also reporting a record number of people cashing in not only their gold and silver, but proof sets and paper money as well. Has anyone else found this to be true, or is it just that I'm lucky?
Nice notes, congrats! Do the Barr notes have extra value over other notes? I have had and re-spent several of them in the past week alone! Frank
Well Joseph Barr was the Secretary of Treasury from 1968-1969. Compared to other signatures of the Secretaries, his is more scarce, but not so much. On the 1963-B notes, there were about 471 million of them printed, but since 1963 was 45 years ago, a significant amount of them probably have disappeared. I would say a CHCU/uncriculated Barr note would go for around $5.00-- an UNC star would be around $20. Greg
becuase Barr was in office for such a short time, more of the notes with his sig were saved then the guy who served after him. So, even though he may have had less notes printed, his notes are worth less. Alot of times, folks collect them BECAUSE he was in office for such a short time, not because there is a value to them. They are worth something, but the value is over inflated IMHO.
Well no mystery as to why a lot of people are cashing in gold and silver lol... the prices are way up... As for older bills, your theory probably isn't too far off the money (no pun intended lol...). A lot of people who aren't fond of banks for one reason or another hoard cash for a while, keeping older bills out of circulation until they cash them in during periods where they need to spend them. $2's get hoarded a lot, due to their novelty, and the mistaken belief that they're more valuable... when people need the money and find out they're not, they may start to spend them... probably why you see them showing up again. Even older ones (talking 1953 to 1963) tend not to be too valuable unless in high condition, or stars, or unusual serials and such. $2 bills are a pretty cheap thing to collect until you start trying to get the large ones (pre-1928).
i guess thats good for me. i havent seen a huge influx with paper currency yet. we get a about 15-20% older money. i have noticed more people bringing in coins.
Frank... Barr notes range between 5-8 bucks each in CHCU condition...Graded "Slabbed" are a little more like $12-15 As for the cashing in?? Well it can be a combination of alot of things.....you will be surprised to know that a lot of people do not know where to take coins and notes for re-sale and they end up at a bank for face..it happens every day! RickieB
