Seems like they've held up their value over the years. They seem to be worth a similar amount to what they sold for back in 2011 What do y'all think? good for my first foray into paper? I was thinking of a raw note such as the one below. https://rover.ebay.com/rover/1/711-...437433?hash=item48ce848839:g:KooAAOSwi7BdLma2
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.
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.
Did you happen to notice the ink stains, both front & back? Did you notice that it's a circulated note, both wrinkled & dirty?
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.
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.
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....
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
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.
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.
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.
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.
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.
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.
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!
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.