1902 $5 Bills... help on value?

Discussion in 'Paper Money' started by PBT58, Jan 21, 2019.

  1. PBT58

    PBT58 New Member

    Hello All,
    My mom was a bank teller in NYC back in the 1970's and she would exchange and hold onto any unusual bills she came across.
    Recently I found some very old $5 Bills in her boxes of old papers.

    She had...
    Qty 3 - Series of 1907
    Qty 3 - Series of 1914
    Qty 4 - Series of 1902

    I was able to find sales info on the 1907 & 1914 bills on the Heritage Auction website.
    But no info on the 1902 Bills.

    Any input & info from you guys on possible value is greatly appreciated!
    See attached pics... IMG_4761.JPG IMG_7539.JPG
     
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  3. SteveInTampa

    SteveInTampa Always Learning

    All the Charters came up for me on Heritage archives.

    I’m not sure how you search, but just type in the Charter number and boom, they all come up. See my photo on search suggestion.

    C9905AE9-C830-4536-B392-03E2E961B92E.jpeg
     
  4. PBT58

    PBT58 New Member

    Thank you SteveInTampa.
    I was searching in "Large Currency (pre-1928)" and nothing showed up.
    Opening up the search to all currency did the trick.
    Thanks!
     
  5. Michael K

    Michael K Well-Known Member

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  6. PBT58

    PBT58 New Member

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  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Last edited: Jan 21, 2019
  8. PBT58

    PBT58 New Member

    Thanks for the suggestion.
    I actually paid $0

    These were bills my mom found when she was a bank teller 40+ years ago.
    Some guy came into the bank and asked if he could exchange these for some "real" money. He told her nobody would accept his large old bills.

    He had 4 - 1902 Bills, 3 - 1907 Bills, 3 - 1914 Bills

    My mom checked with her manager and he told her they were authentic currency.
    So she gave the guy money from her own pocket as a swap.

    She's had these bills in a box with pictures, letters and misc. papers.
     
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  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think you will come out way ahead then, what ever you decide but i would
    Consider going to PCGS or PMG or an auction house and seeing examples and
    See if you want to go the extra mile and get them graded it can be very beneficial :)
     
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  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    Very nice bank notes. Especially since you got them from mom.
     
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  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Food for thought, educate yourself first, and always take advice with a grain
    of salt :)
     
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  12. PBT58

    PBT58 New Member

    FWIW... here are pics of the other $5 Bills she traded for...
     

    Attached Files:

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  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Like the $5 wood choppers :) as long as the value is comparable i would say
    Awesome but i am sure the guy she traded with new more about the notes
    that she did so maybe something to question ?
     
  14. rickmp

    rickmp Frequently flatulent.

    If he traded them dollar for dollar in the 1970s, I don't think he knew anything more about them than Mom did.
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    You could really dive in to this one if you wanted to, but kind of a moot
    Point now.
     
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  16. Michael K

    Michael K Well-Known Member

    Circulated but great stuff.
     
  17. MEC2

    MEC2 Enormous Member

    $200, $120, $100, $100, approximately, the Bath note is the best of the lot by far, the other banks are more common. The Woodchoppers you posted are worth about $100 each... Mom got a steal that day at the bank...
     
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Not sure i would agree, from the standpoint of actual condition, the notes Mom
    Got in return may have a higher value, with same condition, but all of the
    Nationals have major issues that would affect the value significantly, every
    One has a missing corner or missing portion of the boarder, and from someone
    That has hundreds of graded examples, mom would have been better off
    Keeping what she had, i avoid problem notes like the plague ! for two reasons
    There hard on the eyes and very difficult to sale even some on the rarer side
    Of the fence, the wood choppers would be a more attractive on the resale
    Market.
     
  19. PBT58

    PBT58 New Member

    Thanks for all the feedback.

    FYI... my mom traded a new $5 bill for each of these.
    So she gave the guy $50 for all 10 bills.
    Her manager told her they might be of some value, but he had no idea how much.
    So she took a chance and exchanged new $5 bills for each old $5 bill.
    The guy who came in with the old bills was happy and mom was happy to help him out. That's the whole story.
     
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Appreciate the story :)
     
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  21. PBT58

    PBT58 New Member

    My message probably did not translate well.
    Mom did not have or trade any old bills... She gave the guy 10 brand new $5 Bills
    for his 10 old $5 Bills. Sorry if my message was confusing.

    Thank you for all the feedback!
     
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