Got This At Work Today

First off, I am a coin collector and not a paper money collector, so I know nothing about these.
I work at a bank and someone brought in this 1928 A $100 FRN. Everyone thought it was counterfeit because the green color on the back Is lighter than what is used today. I asked to see it, checked images on Google and Ebay, and determined it looks real. I bought it for myself. It's in decent shape, but the top middle looks like it's folded down and lightly torn and a little soiled and it has a crease down the middle.
I checked on ebay and there are ones that have sold for around $130-$135. Do you think this may be a good price for me to list mine? I don't really have an extra $100 just to use in this so I need to sell it. Thiughts?

 

Log in or Sign up to hide this ad.

Here are the images. Hit submit too fast.

 

Book shows a run of 4,000,000+, value in VF is $150. This doesn't appear to be the light green seal.

 

So does that mean having the regular green seal makes it common and not worth holding on to?

 

If it brings $125, after eBay fees, PayPal fees, postage, and insurance, you'll be lucky to make $5. If you're in a big city, you could stick it on CraigsList, offering to trade it for the best offer in silver coins or collector coins. Results are unpredictable, but it's a free ad.

 

you could post it for sale here on CT, no fees.

 

You can always spend it, and you are not out anything.

 

its a pain in the butt to spend pre-1990 $100 bills because they dont have anti-counterfeiting features, and besides, its worth more than $100

 

I think that is a cool find...that said, I don't think you will make much of a profit selling on eBay. That note might get you $125 or so but when you factor in the eBay fees and everything...your profit might be less than $10. It's a lot of time and effort for such a small profit. You could try and sell it here or on a few other forums (wheresgeorge is always a good place to try to sell...they have a lot of "auction" type posts). But, I think eBay isn't worth it IMHO.

 

It is, but without easy access to buyers...and if eBay is his only option, the profit gained probably isn't worth the effort. Heck, if I had a spare $125 right now he'd probably be getting a PM from me...but I don't. Common circulated large denomination notes can be a little hard to move.

 

That's the good thing about getting things like this at face value; you can't lose money on the deal, unless you auction it off for face and then pay fees. With all of my wheat cents and older Jefferson nickels, I can always cash them in for face and lose nothing (but inflation costs).

 

What is the recommended shipping method for paper money like this? I was thinking the small flat rate boxes, no padded envelopes.

Sent from my SCH-I545 using Tapatalk

 

I would say in a currency sleeve between two pieces of heavy cardboard. That can be inserted into a padded envelope.

 

I saw where one CT member said to put "Photos" on the envelope so that others wouldn't be tempted to see if there was currency in it. Sounded like a good idea.

 

When I have purchased currency in the past, it has come in a sleeve between two heavy pieces of cardboard to make it rigid. Since light can't pass through the cardboard...it is impossible to see what is in the envelope.

 

Padded envelopes are WORTHLESS for preventing damage. They can be folded, torn, punctured, or ripped open in handling. Heavy cardboard works much better, but of course, is not as convenient. When I sent valuable currency to Stack's, I put the bills between the pages of a large hardbound book. I did NOT send it as Media Mail, as that would be insurance fraud, and why defeat your purpose to save $3?

The book was then sealed shut with nylon filament tape, wrapped with ordinary paper, insured, and sent. You could probably drop such a parcel out of an airplane without damaging the contents. However, this is overkill for a $100 bill.

 

Padded envelopes are worthless for sending paper money. I send notes in cardboard and taped up well.

 

I would put the note in a hard plastic sleeve with padding in a box. Attach you return address to the plastic sleeve (just in case) and use plenty of tape on the box. The mail processing system is mechanized so damage does happen. You have to remember that the mail is transported in hampers or steel cages. So if your item is one of the first ones to go in the hamper or cage there will be hundreds of pounds of parcels, magazine bundles and other items on top of your item.

Lou

 

Why use "padding" when you can slip the note between the pages of a book, and have absolute protection, regardless.

 

Maybe he doesn't have any books to get rid of.