anyone know of any large size notes i can get for less than $50?

i already have a "hoard" of small bills
$106 FV in 1935-1957 $1
25 sequenced 1963 $1
$140-ish red seal twos
1934 $5 FRN
6 1963 red seal $5
14 1934-1953 blue seal $5
2 $10 nationals
1934 $10 FRN
4 $20 nationals
2 1928 numeric $20
1934 hawaii $20
6 1934 $50 FRN
11 1934 $100 FRN
2 1929 $100 nationals
and more

 

Log in or Sign up to hide this ad.

That is a hoard! I have the same glut of 1934 large denomination FRNs, and Funkee has the same problem. I might be tempted, in your case, to do the following:
Sell off some of the '35-'57 $1 SCs. Go for lots, they won't sell individually very well. Same story on the LT $2s, but I personally would keep the 1928 stuff. I have a hard time just spending low grade 1934 $100s (although I did toss one in with the rent money this month) but if you can bring yourself to do so, that would free up quite a bit of capital for new purchases. Looks like you have some nice pieces of small size. If you can eliminate some redundancy, I think you would find that you have quite a bit of cash to invest in either some new small size or a couple of large size notes.
I guess my point is, you have the money -- it's just in the form of old(er) money!

 

I think this is a really good idea. This might be an easy way to pick up a couple nice large size notes. Recently I have been downsizing my collection...getting rid of redundant pieces or things that are below the standard I want and reinvesting them into a few nice pieces. I really like the result.

 

I'd like to hear the story about how were able to pick up those 13 $100 bills for $50 or less...

 

I was wondering the same thing...lol.

 

my great-grandparents didnt trust banks and kept all their money in cash, and my grandmother inherited it and let me go through and keep the "good stuff" before she took it to the bank. most of it was 1970s-1990s $20 and $100 bills

 

all the 1934 $100s are XF-AU ish, not something i'd spend, but i guess theyre good for trade

 

You could always sell them and reinvest that money into a nice large size note. Just remember, those notes did come from family so if you have a sentimental attachment to them...then hang onto them. You will have plenty of time to get large size notes later on. Once those notes are gone...they are gone forever.

 

yes... one problem- after i get the money from selling anything, my mom wont let me spend it! i sold 10 ASEs for $250 today at school. i asked my mom if i could use the money to buy a new safe, and she said no .

 

Then, here is what I would do...if you are sure this is the hobby you want to do for the long term.

Just wait...but set aside some of your money as you go along. Not all of it, just a portion you plan on eventually using on notes. In time, you will be older and won't have your mom so involved in your finances. When that day comes, you will have a nice little savings to spend on notes or whatever you want. I'm no going to suggest that you not listen to your mother...her house, her rules. But, that's not forever. I don't know how old you are, but one day you will be surprised how fast those days living in your parents house went away.

Of course, eventually you will get married and your mother will be replaced by a wife. That's forever. You want to spend the money between the mother and the wife stages.

 

Or, jlogan...I have another idea for you. Again, not knowing your age this might not apply. Do some research and pick out a note you really want. Lets just say for arguments sake...you decide it's a 1896 $1 Education Note. They are expensive, so you want a lower grade example. Just for the sake of this example, lets use this note:

http://www.donckelly.com/lg_type/f224_493.html

This note is for sale for $225...so, you want something in this range.

Now that I'm a little older, I understand better why my parents did not want me buying expensive coins, notes, or sports cards (all 3 of which I still collect). When you are young, interests change very quickly. One month...you really want this, the next you really want that. Most kids, if they had a chunk of money, would spend on what they want right now...then it's gone and a month later the interest in that expensive item is lost. So, that's a big part of why parents don't want their kids buying expensive hobby items. Sure, there are other reasons...but this plays a part.

So, what do you do? You incrementally save. Rather than going to your mom with $225 one day out of the blue (because to her, it is out of the blue...even if you have been saving for a long period of time)...prove that you have been saving for it for a long time.

Take a sheet of paper. At the top, write "1896 Education Note Savings - Start date 2/12/14." Then below that, write :"2/12/14 - $20." Put that piece of paper and a $20 bill in an envelope and put it somewhere safe. The next month, put another $20 in the envelope and note it on the paper with that day's date.

What you have created is a small savings account...with a record of deposits. It will take you about a year saving up for the note in this manner, a little at a time. This way, you don't put all your money into it (so you can still buy things)...and you still slowly save up. When you are getting close to having enough money for what you want (in about a year)...go to your mom and show her what you have done. Tell her, I decided a year ago that I want this kind of note...I did some research found out about what they cost and every month I have been saving a little towards it. You will have a dated record of when you started and when you made each deposit as proof.

This will show her that you are responsible. I'll bet she will let you buy one then. Also, once you get accustomed to living on $20 less per month...you probably won't even notice it's missing.

It will take time, but if you really want a nice large size note while respecting your mother, that's how you get it.

 

Lots of good advice in this thread.

 

well, i have done this before. the only things my parents have ever let me actually buy once i reached the savings goal were a laptop and a pre-owned safe. i'll just save my money and wait the 2 years, 8 months, 2 weeks and 4 days until my 18th birthday, and at that point i'll buy some nice large sized notes, finish my peace dollar collection, and buy some bust quarters and halves. hopefully prices wont skyrocket between now and then. for now i'll probably get a 1917 $1, $2 and 1914 $5 if i can find them at coin stores.

 

If anything else, not rushing out just to buy something, and the patience needed to wait for the right moment; will create a pattern in your collecting life which will give you many rewards. Look at it as an investment of your time.

 

I think this is great advice.

 

I'm new to currency collecting but it looks like any large size US note VF and above are easily above $50. Is that about right?

 

Except for the 1923 $1 SC. You can get that in AU for about $50.

 

Where from? I've never seen one in AU that cheap. Like I said though, just started with currency. Just have a few CU Obsoletes that I picked up for cheaps but thats about it. Honestly I would like to start a decent collection of US notes but don't really know where to start (even though I'd like to start with the educationals )

 

It takes a little patience, but an AU 1923 $1 SC can be obtained for $50 on eBay. I got an XF for $30, an AU for $40 about a year ago and another CU for $65.

Educationals are pricey. It took me a while before I purchased one. It was one of the last large size notes I bought. The cost of large size notes have been declining over the last year, and I finally pulled the trigger on one.

I strongly recommend buying a guide book. It will have photos to show you various notes, along with some history and values. Keep in mind the book values are higher than market. A good book to start with is Paper Money of the United States, by Arthur & Ira Friedberg.

I put up photos of the more interesting notes of my collection here. It's missing the educational and some others, but it shows some of what's out there: http://www.cointalk.com/threads/photobucket-album-of-my-collection.235343/

 

I sold a $2 1899 SC for under $80 delivered that had a damaged corner recently but was otherwise presentable. I paid the $90 Greensheet bid for a 1918 $10 note in VF, I see they go for less, always check auction records as GS is often off.