100x $500 US bill pack!

Ok so I’ve seen a lot of $500 bills out there and I’ve always thought they were pretty cool.

But I’ve never seen a sealed pack of 100x BU $500 bills!

Back in the day these were printed the average annual wage was $1,400/year so that’s ALOT of money to keep sealed and unused over so long of a period.

Anyone ever see such a thing?

Here is some more information for anyone who thinks it’s as cool as I do.

 

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Okay, for that, I won't snark about PCGS putting anything you send them in plastic. I can imagine some internal debate about whether they could find enough suckers, erm, customers to justify developing "slabs" for note packs -- but for THIS, it might well have been worth doing a one-off. They couldn't have asked for a better example to kick off the new product line. (Well, OK, they could've asked for a pack of $1000s. Did $5000 and $10000 notes come in packs?)

 

The only reason I consider this pack “worthy” of slabbing is the insane value of individual notes AND the seal is from the Federal Reserve.

If it was a Wells Fargo seal I’d say it was dumb to seal them as a pack.

But a fed seal was like OGP for circulating currency at the time.

I had no idea $500 bills were so common in circulation considering how much $500 was worth back in the 1930s and 1940s.

 

WOW... Just WOW!!!

 

So, what do we think? Half a million, given that individual CU64 notes get $3000 or more?

 

8 Oct 2021 two notes of same quality went for $3487.20 and $3603.60 at HA

Based on this being one of a kind at this point and in original FR wrapper I would think much closer to 1 mil, but that is just my opinion, not fact.

 

Definitely think it will get $1 million or more.

The government sealed pack of consecutive notes adds so much over random individual BU $500 notes.

But my guess is no better than yours.

 

Very cool!
I'd be happy just to have a pack of 1 dollar bills of that age, in that condition.

 

Agreed. The consecutive serial numbers adds a bunch of value too. It’s not just 100 random numbered $500 BU notes. They’re all consecutive as they came from the Fed.

 

Right??

I imagine it will be some big baller CEO who buys it as a talking piece OR a business.

I’ve seen casinos buy stuff like this as a sort of WOW factor in the lobby. One casino I went to had a $10,000 bill in the lobby. Just a way to give guests an impression of wealth and awe.

But I do know it’s not going to be a normal collector who buys it.

Heck even the $50,000 face value of these notes is outside most people’s (including me) budget. Not even factoring in numismatic value.

 

OK, maybe I have a criminal mind but it would be pretty easy for the grader to put 98 $1.00 bills between the front and back.

 

Not so easy as multiple people are involved in the grading process as well as a finaliser. Checks and balances

 

The pack of notes auctioned for just under $200K back in 2005.

 

I don't get it (other than a strategy to milk some money out of an armchair collector). Who cares if they're consecutive? Since when were notes not issued in consecutive order? The whole thing is absurd!

 

Yes, I believe they did. No reason not to. Remember, the reason large denomination paper took off was due to the recalling of gold. Banks and large institutions needed large denominations to store dollars. It used to be bags of gold, but once that option was off the table, large bills were the preferred method. They circulated about as much as double eagles did, maybe less.

With inflation, I wish they printed these again. $100 buys what a $20 used to.

 

According to my inflation calculator, $20 in 1975 is the equivalent of $100 today.

 

Note collectors care. They were issued consecutively yes, but they do not remain so. It is a part of the hobby, people LOVE their consecutive notes. This is extremely rare and so will command a serious premium

 

But-but-but drug money! Sure, there were thousands of reasons for $100 and even larger denominations back in the 1920s, but apparently now the only reason anyone would want large-denomination bills is to buy drugs. In fact, since we know what you're really up to, maybe we'll stop making the $100. There's no reason a law-abiding citizen should need anything bigger than a $20. Which has about the buying power of a silver dollar now.

Drugs: the best reason for throwing babies out with bath-water.

 

-For some I guess: to each his own!

(I just know that if I had the kind of money needed to buy this pack it would go to one rare original example with tons of eye appeal).

 

Wish I had a mega-like button.

I am simply SICK of losing individual liberties because "there is a CHANCE it could be involved in illegal activity". This includes signing my name and showing ID to buy cold medicine, shattering my elbow and it being replaced with titanium joint but unable to get pain medicine to make me comfortable, (some druggie might steal them), almost prohibiting cash transactions, current movements to see 100% of bank activity after already getting access to every CC transactions, etc. Why do everyone's liberties have to be taken away for a few possible bad actors? Look at the power of the state now in Canada, stripping away liberties and freezing bank accounts with no appeal on a whim to shut down peaceful protests our superior liberal overlords disagree with.

"Those who will trade liberty for security will get, and deserve, neither". Yeah, I am becoming a grumpier and grumpier old man apparently.