A strap of star notes from the bank

Discussion in 'Paper Money' started by ForTHEkids, Nov 12, 2011.

  1. ForTHEkids

    ForTHEkids Member

    Right now I am searching through $1 bills. Twice this week I went to the bank to get my fix and twice I was given $100 strap of Boston * notes. They are from the same 3,200,000 run and the second strap contains A04439601*-A04439700*. I know they are not old and not from a low number run, but do you think they still carry a premium today? What type of premium do you think they might have in 10 or 20 years?

    Derek
     
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  3. ratio411

    ratio411 Active Member

    Wow... If you can afford to sit on it, that might be a good thing to keep intact.
    I'd like to hear the opinion of some long time bill collectors.
     
  4. ForTHEkids

    ForTHEkids Member

    If I were to hold on to them what do you think would be a good method for storage? I would want to keep the strap intact, so seperating them into seperate holders is not really an option.

    derek
     
  5. SteveInTampa

    SteveInTampa Always Learning

    I used an inflation calculator and $100 in 1991 is worth $160 in 2011. I also tried $100 in 2001 and it calculated by today it to be worth $126. I don't believe anybody can accurately predict (with any certainty) what any collectible currency will be worth 10-20 years from now. These packs (100) of star notes are a mainstay on eBay.
    http://www.ebay.com/sch/i.html?_nkw...tes&_osacat=40028&_trksid=p3286.c0.m270.l1313
     
  6. ForTHEkids

    ForTHEkids Member

    SteveInTampa,

    Thanks for the link it as very helpful.

    I know no one has a crystal ball into the future. I was just trying to gage people opinion on whether these packs would be a good investment if they were held onto. I think with the rate of inflation and the purchasing power of the dollar these packs would have to increase in value to at least $200 over the next 10 years to be worth holding onto. What are your thoughts about that?
     
  7. tbudwiser

    tbudwiser Active Member

    I'd keep them ifI were you but that's just me because I keep all stars (excluding 2006 $100 *'s). Good luck with whatever you end up deciding to do... :)
     
  8. Dr Kegg

    Dr Kegg Star Note Fanatic

    If you can afford to keep them, I say do it!
     
  9. 02138

    02138 New Member

    I would recommend you to keep it. I keep each strap inside an archival glassine envelopes (available from stamp supply dealers). Then, I place the straps (protected by glassine envelopes) inside archival boxes.
     
  10. ForTHEkids

    ForTHEkids Member

    Thanks everyone for your for comments as to whether I should hold on to these straps or not. I have decided to do both. I went back to the same bank yesterday to see if they had anymore. The teller I previously talk with was all out but the teller in the drive up had 2 more straps. Since I know have 4 straps I decided to keep 2 and sell two. The best of both worlds.

    Derek
     
  11. ForTHEkids

    ForTHEkids Member

    02138,

    Thanks for the idea. I have never used a glassine envelope before but I will look into them.

    Derek
     
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