Did I pay too much for this?

Discussion in 'Paper Money' started by BunkerTrapMan, Dec 8, 2015.

  1. BunkerTrapMan

    BunkerTrapMan Overcoming adversity is the key to happiness

    Two things happened today for me.
    1. I finally learned how to place a picture on the site.
    2. I was at a coin shop in Maine today and asked for bills.

    The $5 Bill they had I paid $22.50 did I do ok? It is my very first note purchase.
    BTM
     

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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I don't collect paper money, but I wouldn't have paid that much.

    Chris
     
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  4. Dean 295

    Dean 295 D.O.M.

    I would of tried to talk him down on the price, but If it was gem or so you did OK.
     
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  5. rzage

    rzage What Goes Around Comes Around .

    I didn't know there was such a mark up on the modern bills . Can't one still get them new from the bank ? Sure is a nice one though .
     
  6. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I'm guessing there's something with the number, but to hell if I know.
     
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  7. vdbpenny1995

    vdbpenny1995 Well-Known Member

    Certainly worth more than $5 but how much is up to anyone. Honestly you didn't get robbed paying $22.50 but you probably payed a tad to much (I would guesstimate its more of a $10-15 note). Worst case scenario your out $17.50
     
  8. Endeavor

    Endeavor Well-Known Member

    Very low serial number. At a quick glance I think you did okay. Other factors play a role in its value of course. Such as condition and crispness. It might also help a little if this series/bank has a low print run.

    Here is one that sold for about the same on eBay. It comes with BEP packaging but the serial number is also a little bit higher.
     
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  9. BunkerTrapMan

    BunkerTrapMan Overcoming adversity is the key to happiness

    Thank you all for the information.
    Endeavor, the link you provided I did look at and yes I have that same folder thing.
    The %4 bill is razor sharp no bends folds nothing. My wifes birth day is Feb 26 so the 226 is what caught my eye. I am happy to know I did ok on this. Maybe I might get that book that was suggested so I can learn more about bills.
    BTM
     
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  10. onecenter

    onecenter Member

    "Maybe I might get that book that was suggested so I can learn more about bills."

    That, would be money well spent.
     
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  11. SteveInTampa

    SteveInTampa Always Learning

    These 2006 low serial numbered $5's are available through the BEP Money Store website. They are called the Lincoln Freedom Collection. The entire set of all 12 districts is $299, or about $25 per note, or you can buy individual, single districts for about $30 each. They (BEP) have sold these for years now, and I'm not certain how low the serial numbers are currently. I bought a set back in 2010 and have some serial numbers lower than your, and some higher.The BEP also did the same thing with $10's and $20's, when they added color to these notes.

    [​IMG]
    [​IMG]

    You bought it for less than they sell it for on the BEP website, but you didn't get the multi-colored folder it comes in. I think you did well sir.

    http://www.moneyfactorystore.gov/5lincolnfreedomcollectiontest.aspx
     
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  12. Endeavor

    Endeavor Well-Known Member

    I guess it's safe to assume that the remaining serial numbers at the BEP are over 1000 since the one I previously posted that sold on eBay was. Assuming that the BEP sells them in ascending order.
     
  13. SteveInTampa

    SteveInTampa Always Learning

    It's hard to say. I bought mine as a set over 5 years ago and the serial numbers I received ranged from 00000205 up to 00002749 with over half of them only having 4 leading zeros. It's anyone's guess how the BEP puts these sets together.
     
    Last edited: Dec 9, 2015
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  14. BunkerTrapMan

    BunkerTrapMan Overcoming adversity is the key to happiness

    Well today I went back to the coin shop and asked if he had more bills.
    He had this one for $35
    What do you think? I liked that it was #600
    BTM
     

    Attached Files:

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  15. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I prefer this one over the other. It's a great Liars Poker hand.

    Chris
     
  16. techwriter

    techwriter Well-Known Member

    BunkerTrapMan, if you don't want the $10, then if you'll go buy it I'll buy it from
    you, it will fit perfectly with my collection, and it's even the right District.
     
  17. techwriter

    techwriter Well-Known Member

    BunkerTrapMan, how far are you from Madawaska?
     
  18. BunkerTrapMan

    BunkerTrapMan Overcoming adversity is the key to happiness

    Well I am just a little over 4.5 hours south. That is right up on the north border.

    I bought the $10 Dollar bill as I liked it. I do not want to sell it and I realize that although a newer series that number will make it more attractive in years from now.
    If I change my mind I will let you know.
    BTM
     
  19. BunkerTrapMan

    BunkerTrapMan Overcoming adversity is the key to happiness

    Over the holiday I was reading some threads. Looking at this on the Bill I posted ending in 600 also has a FW A 60 just left of "The United States of America"
    What is that?
    Kinda funny since bill ends in a 60 as well.
    Any help will be appreciated.


    [​IMG]
     
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  20. SteveInTampa

    SteveInTampa Always Learning

    That's a front plate number, just to the right of Hamilton's portrait.
    The FW beginning designates where it was printed.
     
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  21. ashyblue

    ashyblue Member

    I can comment well on this one since I'm into the bills Fancy Serial numbers. The Serial number 1 is the most desirable , Serial number 2-9 are the second best, 10-99 are the third best , 100-999 are the fourth best ... anything more than 1000+ basically have no collection value. Yours being 226 is in the last category of collecting , but since it's a Gem note with the A series , you didn't do bad , The price you paid for the serial + condition and A block is fine , you can even sell it for a bit more on Ebay I suppose , Not a bad start and don't be disappointed. Something to mention ... If you buy a three digit serial , try to buy 123 or 321 ( a ladder up or down serial ) or a solid one such as 333 or 222 ... this way the bill would be worth much more though it's still in the last category but still very desirable. anything more than 1000+ don't bother to collect in term of only being a low serial number. These numbers are exception and are Highly desirable 00001000 , 00010000 , 00100000, 01000000, and the best of all 10000000 . Hope it helped. The last category I showed is also called True Binary ( though most true binaries can have more than one "1" in the serial )
     
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