Can't spend them. As mentioned earlier in the thread. People won't take them without the watermark and security strip. They think they are fake, and don't know they are still legal tender.
I've never had much problem spending older bills but I've had some funny looks on occasions. The one time the I'm guessing 18-24 year old said something I asked her to get her manager and he came out and took it. But I have heard some horror stories like the homeless guy who went to jail for trying to spend an old $10 bill and the manager called the cops the cops put him in jail for several months until they got the results back that it wasn't counterfeit.
Not necessarily. I've spent tens, twenties, and even a fifty (all from the early- mid 80s) in circulated condition, and each time they were taken. I did once have difficulty with a 1999 $5, but, 90% of the time I spend the older type notes, they are accepted. Some of my local banks even occasionally distribute the older 100s. The only reason I don't spend them is just because of their scarcity. I rarely come across any 5, 10, 20, or 50 from before 2004- these notes are either swiftly withdrawn by banks or by other collectors.
The value depends on if i were trying to buy them, or sell them. If i were buying, a dealer would be asking around $250 each, if i were selling, the same dealer would offer face.
Thanks for all the help folks. Looks like the value is about what it was 10 years ago. Some of the history. About 10 years ago, these notes came in for deposit at a local bank that my niece worked at. The teller thought they were strange and called the manager over. He hit them with a pen and the bank took them. She called me and I bought them at face value. I had them graded and sold the first and the last notes on Ebay, saving the middle five. One brought a bit under $200 and the other brought over $300. I'll probably just put these away for now. Thanks again for the information and the links.
I am so very JEALOUS ! I just received my first $100 bill , a 1929 series Kansas City National Currency . I had to buy it because it has a Ben Franklin portrait on it . I'm not a set collector , I'm more of a hoarder of what I like about the designs / the years 1852-1878 / & the history of coins and currency . I finally figured out how to send photos I think .
I like the design of old notes and only collect a few . I'm still learning the nomenclature of currency but I looked again and my $100 says National Currency at the top and Federal Reserve Bank of KC to the left of Benjamin Franklin . Signed by the Governor of Missouri & Cashier of the Bank . Other notes I have I just go by the top designation for identification . I welcome all tips offered because I've learned plenty here .
FRBN were printed in 1933 as emergency currency due to the Bank Holiday. The BEP used existing paper stock that had been printed for Nationals to save time. FRBN are not Nationals despite what the notes say.
I'm glad you responded , I didn't know that . I'm trying to find out the history of the pieces I collect so that information helps me . Thanks
FYI. It is signed by the Governor of the Fed District (Kansas city in this case), not the the state Governor
When the emergency passed the notes were no longer released. The remaining stock was put into circulation during WWII to ease pressure on the BEP.
Thanks . So I accidentally picked up a note with some history to it ? It's part of my Benjamin Franklin collection now . After the emergency did the notes have Federal Reserve at the top again ?
Putting in my 2 cents worth. Coin World (coinworld.com) shows the Aug 5th issue of the Green Sheet. I can hear all the comments already.... Its not the actual selling price but it is a guide. 3 prices shown, vf, ef and cu. SIGNATURES OF JULIAN AND VINSON. 2154-A 1934B 150 185 325 2154-C 1934B 150 185 325 2154-D 1934B 150 185 325 2154-E 1934B 150 185 325 2154-F 1934B 150 185 325 2154-F* 1934B 1500 2500 5000 2154-G 1934B 150 185 325 2154-H 1934B 150 185 325 2154-H* 1934B 800 1500 3750 2154-I 1934B 150 185 325 2154-I* 1934B 800 1500 3000 2154-J 1934B 250 350 675 2154-K 1934B 250 350 675 Rich
Or at least, that's how collectors think of them. Legally, I think FRBNs really are a subtype of National Currency, which is why the BEP could get away with using that preprinted stock for the small-size FRBNs. Remember, large-size FRBNs also have the title "National Currency" on them, and those plates were engraved specifically for FRBNs....
I'm grateful for all the input . I knew I'd get some good info , now I'm even more interested in looking my notes up . Thanks everyone .