Is a $500 bill a good investment?

Discussion in 'Paper Money' started by Dalladalla80, Jul 21, 2019.

  1. Dalladalla80

    Dalladalla80 Member

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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    I can't pull that up. If this is your first time getting into paper I'd go easy. It's much better to be safe than sorry.

    You need to learn about paper money before collecting or investing in it.
     
    Ima Dragon, Penna_Boy and PlanoSteve like this.
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Numismatics is a poor investment unless you have deep pockets.

    Chris
     
  5. Islander80-83

    Islander80-83 Well-Known Member

    If you wanta end up with a small fortune, you better start with a large fortune!
     
  6. Dave M

    Dave M Francophiliac

    If you're looking for investment grade notes, you need to be looking at the other end of the spectrum. Perfect condition is what you need, and even then there's no guarantee. That particular note - no way.
     
  7. PlanoSteve

    PlanoSteve Well-Known Member

    Did you happen to notice the ink stains, both front & back? Did you notice that it's a circulated note, both wrinkled & dirty?
     
  8. Penna_Boy

    Penna_Boy Just a nobody from the past

    Dave M & PlanoSteve hit the nail on the head. Pass on the 500; it's no where near being worth $860.00. Also, if you're new to the currency game PMG or PCGS notes until you learn what's real and how to grade. I buy only PMG high end notes. Better to spend a little extra than be sorry. Good luck.
     
  9. desertgem

    desertgem Senior Errer Collecktor

    The hole on his shoulder ( even though holes are mentioned) would bother me. Jim
     
    Ima Dragon likes this.
  10. fretboard

    fretboard Defender of Old Coinage!

    Absolutely! Besides, that bill isn't that nice of condition and for the crazy money that's being bidded on it, you could do much better elsewhere. :D
     
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  11. Michael K

    Michael K Well-Known Member

    $600-$700
    And it's selling for $860.
     
    GoldFinger1969 likes this.
  12. MEC2

    MEC2 Enormous Member

    I think large denominations are overvalued right now - but that is the cost of admission on these right now. That note is at least LGS but the teller stamp is a major distraction and I think it has reached and past my limit. Until large denomination market correction happens, you'll have to pay $800 up even for problem notes....
     
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    i would say yes, however condition is the number one priority as long as
    You can get one of at least A/U 50 EPQ , i believe over the medium to
    Long haul you can make a few bucks :)
     
    Ima Dragon likes this.
  14. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    And your thread title:
    "Is a $500 bill a good investment"

    Not sure how retaining value after eight years can be considered a worthy 'investment'. When I invest I look for increased value. Growth if you will.
     
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  15. -jeffB

    -jeffB Greshams LEO Supporter

    Based on that auction, you'd do better putting $600 or $700 or $800 into eBay stock*.

    Edit to add: * Not to be taken as actual investment advice. My one clear success at market timing was when eBay announced they were moving away from PayPal as a payment method a year or two ago. eBay spiked, and PayPal dipped. I sold my eBay and put the proceeds into PayPal. Today, eBay is almost back up to that day's level -- and PayPal is up something like 70%. I feel very little inclination to swap PayPal for eBay.
     
    Last edited: Jul 22, 2019
    GoldFinger1969 likes this.
  16. Michael K

    Michael K Well-Known Member

    I've bought and sold Pay Pal a number of times in the last 2-3 years and made money every time. I don't own it currently. I wouldn't buy EBay with your money.
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I was having some issues clicking on the OP,S original link, but now
    I was able to actually see the pic, the particular note i would say no
    To even a little over face would be to much, especially the ink staining
    Would be a big turn off to collectors.
     
    Ima Dragon likes this.
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I agree with the other posters.

    (1) Forget about investment value, make sure it's a note you LIKE (like a piece of art) that you are happy with.

    (2) If you DO want investment quality, understand that the Big $$$ can afford and do go after the highest-quality pieces. That means NOTHING below Gem CU 65 for the $500 bill, maybe even 66 or even 67. $1,000 and $5,000 bill you can get away with 65's and even 64's.
     
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  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Another thing i would like to add is overall eye appeal, after taking a close up
    Look it is very soiled and in fact has some marks as well, your best bet is
    To educate yourself before purchase, if just buying one so you can say
    You own one, that,s a whole different animal.
     
  20. HawaiiCurrencyCollector

    HawaiiCurrencyCollector Active Member

    First post here and it’s a wealth of information. I finally took the plunge over the weekend and purchased my first bill into collecting paper currency. It’s a $500 bill and I can’t wait to receive it!
     
    GoldFinger1969 likes this.
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Congrats, where'd you buy it ?

    Large circulated and/or ungraded bills in worn condition are generally not worth much over face value. You can get the $500 bill in graded condition for a decent multiple of FV.

    A primer on U.S. paper money values:

    https://currency.ha.com/worth/curre...tem-Auction-Preview-Action-WorthButton-071515

    Agree with others: if you are new to paper money, still learning, and not an expert on grading.....buy TPG bills, go for PMG/PCGS 58 grade for a good blend of aesthetic appeal and money value.
     
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