I picked this up out of a $2000 strap of all old style $100 FRN's. It looks a bit nicer in person then the scan leads to. What do you guys think? Is it a keeper? Also, what would you grade it? Oh, and there is still a series 1974 note in extremely nice condition in my drawer that im debating on buying. The note is in practically mint condition, no folds or crases and minimal if any dirt, but I'm not sure if I should take the plunge. Should I go for it?
If I could afford it, I would personally keep the 1950 note over the 1974 (unless the 1974 is a star note). But, I personally wouldn't keep either because a lot can be added to your collection for $100. If you can afford to keep it and you want it...then go a head. You got it for $100, so you can always get that money back (well, expect for the inflation part...:rolling. But, remember that $100 bills are hard to move because of their face value.
if you are a collector, keep it... if you are an investor, sell it. RichieB is right, $100 to alot of us is alot of money. If i come across them, i try to keep them, but it does hurt the purse a bit when i do! The reason i made the distinction between collector and investor is as RichieB said, $100's are hard to move, especially when they might not be a star or otherwise less common. So as an investor looking tosell, they might not find a buyer paying more the face.
There are significant folds on the note along with a small rust stain on the reverse. I would pass on the note and use the $$$ to buy another higher quality note...but's thats just me... RickieB
Internally in a bank, they bundle money in convenient amounts based on a teller's needs. Depends on how much cash they go through in a day. I personally would keep it because I don't have a 1950C from Richmond yet, but lately I've started moving my duplicates and have found literally no one local willing to pay more than face for anything. I've been slowly offering them up at local coin club auctions starting at face and have been finding many of them still not selling at face. On the other hand, I think that given the economy and the rate the Federal Reserve must be shredding old money, soon we are going to wake up and find that these old style bills have become scarce. Unfortunately, that could still be 10 years off.
it is a series 1950C ... a note not found in circulation very often anymore. Alot of us currency collectors salivate when we find old notes in circulation... very similar to finding old coins
