100x $500 US bill pack!

Government inflation figures are averages. Inflation is different in different parts of the country and for different segments of the economy. Inflation for real estate is different in Beardstown, Illinois than in Boston or San Francisco. Inflation for medical costs is different from inflation for groceries or cars. Inflation for education is different from deflation for electronics. Fifty thousand dollars would not have bought you much of a computer in 1945, or even 1965 compared to what $500 would today. Then there is the difference in whether you measure inflation as the cost of goods and services or the cost in labor to earn the money. Minimum wage in 1945 was $.25. It would have cost the low end worker 200,000 hours of work to earn $50,000 (in theory, of course; or perhaps we should think of a large number of workers doing it). That same 200,000 hours at today's federal minimum wage would earn $1.45 million, so by this measure the stack of a hundred $500s would lose $450,000 against inflation if it brought in $1,000,000.

 

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In an old 1908 Newspaper, a house in Rockcliffe was sold for 8,700 Canadian Dollars. Same house sold for 7.9M last year.
A modest bungalow here in Ottawa just sold for !.1M Its 2100 sq. ft. on a 200X150 ft. lot. The original owner pd. 16K in 1970. Inflation is way higher then govt. likes to admit.

 

Yeah, but its even worst when you consider what else that money could have purchased. Invested in the Dow Jones industrial stocks, (more if you invested earlier than 1945), would be over $2 million today.

https://www.officialdata.org/us/stocks/s-p-500/1945

Most investments would have returned higher returns. Its something not many people consider when they ohh and aww at such items.

 

Ah, come on. If that were true, then that would mean the politicians can't simply print money out of thin air and give to whom they choose without repercussions. That can't be true, right?

 

should have graded them individually tough I guess by the pack is nice to LOL

 

I usually carry about $100 in cash with me in $20s and lower denomination bills since many places just won’t take $100 bills.

Apparently the big reason is North Korean counterfeit “super notes” that from what I’ve read are made even higher quality than actual authentic $100 bills made by the US government.

For example one thing I read was that the hour hand in the clock on the reverse of the note extended just slightly beyond the clock itself. The North Korean counterfeiters couldn’t help themselves and fixed it so it ended within the clock as obviously the hour hand of clocks does not extend outside the clock itself.

So yeah I stick with lower denomination notes. No one ever doubts a $10 or a $5.

But I also know that I have bullion at home and that if necessary I could take it to a dealer who would pay me in cash if I desired.

I even keep a tube of ASEs in my car just in case something happens and I need more money than $100 but can’t get it from the bank for whatever reason (lost wallet?)

There’s always a coin/bullion dealer in every town .

Yeah I could just keep cash but I like it my way.

 

Nah because then it loses the premium for being consecutive notes and being government sealed.

I guarantee with an exceptional pack like that one there are plenty of buyers with deep pockets willing to pay a huge price to buy them as they are.

The kind of people who buy things like the $1000 Grand Watermelon note and Gem MS $1000 gold certificates.

They are like the counterpart to the rich coin collectors who buy things like the 1933 Double Eagle and 1804 Bust Dollar.

 

Divide and conquer, i think you would find it easier when you go to sell
individual notes then trying to sell the entire pac, unless you want to keep it forever
...LOL

 

It could be that it was found behind stacks of other items in a treasury vault somewhere. Somewhat like all those bags of Morgan's from the 60's and 70's. If so, well planned by someone?

 

But don’t banks & the treasury have to inventory all their cash?

Otherwise a bank employee could’ve just stolen packs of $500 bills anytime they wanted and no one would know it’s missing.

 

Probably a bribe involved. Shame on me

 

Thanks for saying that cuz this is just to weird.

 

Thread of the year for sure

 

That’s crazy nuts

 

Cool

 

Hear dat

 

But it’s no more difficult to sell it as a pack than individually.

I guarantee there are plenty of collectors with very deep pockets who would pay a very high price for the pack.

Afterall it’s the only known full pack of $500 bills in existence. Once its broken up there will never be a Fed-sealed pack again. Even if each individual note was tracked down and purchased.

 

I wonder. In that photo from the earlier sale, the bills are fanned out a bit. The band around them is a "seal" of sorts (conveying provenance), but it's emphatically not tamper-proof.

 

Yeah, I was seeing the same.

I GUESS it might matter. Sorry, but collectors lose me when they stray from the object that we collect. Bags of coins, straps of bills, they might be important if there are rare varieties and you want to ensure you are the first to search for them. However, I find no collector impulse heightened by the fact they are in such things, just like I do not get happy seeing a coin in a slab. I like things like coin scales, coin counters, etc that were used contemporaneously as interesting objects.

I guess I am old fashioned in that if I collect coins or currency, its the coin or currency that I am interested in, not how its packaged. The object only is what I find collectible. Still, given my esoteric collecting tastes, I am never one to cast stones on others tastes, and if some find straps interesting, more power to you man and god bless.

 

Bravo

I want something made of 1972 cents