Whats old?

Discussion in 'Paper Money' started by gopens, May 1, 2008.

  1. gopens

    gopens New Member

    When it comes to paper money, I was wondering what do collectors think old is. I work retail and see many dollars. But I wasn't sure what to keep an eye out for. The other day a customer came in and paid with a 1984 50 dollar bill on almost perfect condition. I originally kept it but than later thought it might of been a common note and put it back in the till. Today I received a 1974 1 dollar bill in decent condition but let it go as well.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Daggarjon

    Daggarjon Supporter**

    food for thought... anything older then 1995 that passes through the feds counting machines is pulled and shredded ....

    still think the perfect 1984 note is common?
     
  4. gopens

    gopens New Member

    i think I made a mistake and it was a 1985 (i can't remember). Well I wish I would of kept it. It was nice.
     
  5. NOS

    NOS Former Coin Hoarder

    I've gone through thousands upon thousands of one dollar bills from banks and have only ever found one 1974, the odds of you ever finding another 1974 are unfortunately quite unlikely. As far as the old styles go, don't get me started with the stats on those! You'll come across old hundreds more than you will old fifty's, just my observation on those. For me "old" depends on the source and perspective. In circulation I consider anything from the '80s-early '90s to be old but at my local coin store I would consider such bills to be fairly new and bills from the 1920's-1950's to be old. In the future if I were you, I would trade out for these old(typically 1995 and before) bills that you come across and ask on here before spending them until you get experienced enough to know what to pass on and what to keep.
     
  6. Daggarjon

    Daggarjon Supporter**

    yes .. if you find a note that is an older style then what is 'circulating' today ... if you do not want to keep it... maybe trade it for face plus shipping (or work out a deal with a potential buyer) on the open forum ... lots of folks would be interested in it!!!
     
  7. gatzdon

    gatzdon Numismatist

    I consider anything older than Series 1996 to be old. (unfortunately, old does not equal collectible or valuable)
     
  8. clembo

    clembo A closed mind is no mind

    Every point made so far is true. Nice job guys!

    From the coin shop perspective a lot of old money DOES get passed by because it's tougher to move and idle inventory is not wanted. This is sad but a part of business.
    When more and more of these notes start hitting the shredder the value should go up. I would think demand will as well. Of course, supply will be much lower at that point.

    If you can afford to keep nice examples do so. If not offering them on the open forum is a good idea. I have a few hundreds there right now. Asking a premium because, although I covered them, they are not really mine. I can't afford to keep them.
    Would love to see someone that can do so though.

    It's like we're on a "rescue" mission. Just ask Gatzdon:)

    clembo
     
  9. gopens

    gopens New Member

    Well I am at work right now and just checked the till and found that 1974 1 dollar bill and took it out. Its actually in beter shape than I though it was.
     
  10. gatzdon

    gatzdon Numismatist

    Another success story!!!!!!!!!!!!! Sarah McLachlin would be proud.
     
  11. ctrl

    ctrl Member

    Unfortunately, an extremely good point.
     
  12. gopens

    gopens New Member

    I guess I should of said old and somewhat VALUABLE.
     
  13. RickieB

    RickieB Expert Plunger Sniper

    You are dead on Daggarjon...that was anice note you let slip away...be on the lookout, Sir!

    RickieB
     
  14. bls$$

    bls$$ New Member

    I came across some ones that say series 1963 that are in excellent condition. How do I find out if they are valuable. Also, have some 1969 and 1974. There was a note on them regarding the signatures on them. What do I look for?
     
  15. Magman

    Magman U.S. Money Collector

    I've seen plenty of 1995 and 1999 notes at work.
    However, I've only seen one 1977, and I grabbed it :)

    Then again, I did see a 1990 20$ - but let that go.

    for me, anything older than the mid 80's is a keeper.
     
  16. scottishmoney

    scottishmoney Buh bye

    I save all pre-1995, but keep the 1974+ stuff as reserve-emergency cash. I save all other pre 1974, for either my personal collection or to pawn off on that famous online fleaMarket. In the past month I have gotten 4 Series 1934 notes, three $50's and a $100, about 15-16 1950's $50's, and many many more ca. 1974 era notes. I happen to live in an older community with a higher median age, so they often bring stuff they have had awhile into the banks, and my tellers call me whence the goodies come across.
     
Draft saved Draft deleted

Share This Page