I am considering purchasing this note but don't want to overspend. Now, I know value is subjective and something is only worth what someone is willing to pay. Just curious what you guys think this could be worth or sell for to the right person. Thanks.
Typical 3 digit serial numbers on a $1 (non-star) in UNC condition bring anywhere from $10-$30 to the right buyer. The OP’s note is in the $20 price range at retail.
Is "X00" really a typical 3-digit number though? I'm not a SN collector, but it seems to me that 400 is more "special" than 412 or 453 or 395. "One non-zero digit"?
Normally I would agree but because there a 7-of-a-kind (fancy) I would tend to lean towards the higher figure that Steve quoted (see link). http://coolserialnumbers.com/HowRareAreFancySerialNumbers.pdf
Even then, zero seems more special than the other numbers, even though it isn't in combinatoric terms. (If anything, it's less special, because any run that doesn't use all ten million serial numbers will be ever-so-slightly weighted toward lower digits.)
I appreciate all the information. The person selling it was wanting $50, so I was unsure whether that was a good price or not.
Technically a low serial is 100 or below. But that has been expanded to lower than 1000. The 7 zeroes is very nice. As for value, it's what someone is willing to pay. If Steve in Tampa says $20 then that's probably the right ballpark. I mean anything you want bad enough you are willing to pay a little more, but, you don't want to be taken advantage of. Can you message the seller and make an offer?
OP's note happens to be a binary, as JeffB noted, so, I would think it's worth somewhat more than $20. In an Ebay auction, a 2003A series $1 note with serial no. E00000534F sold for $21.50 +$3 shipping. And, as you can see, it's more circulated: A 2009 series $1 note with serial no. B00000897B sold (in a Buy-it-Now listing) for $35: Altogether, with the banknote posted above, I'll go contrary to most estimates- and point out that it looks like it's in very good condition, and has not only a low, but also a binary serial. With that, I think it's fair to offer $33-$38 for the note. Even $40 sounds like a reasonable figure.
Here’s a $10 graded note that sold recently. It’s typically $15 or more just to have it graded. Personally, I definitely wouldn’t pay $50 for the OP’s note.
I believe this note is worth more than others are suggesting. It's not just a low serial number but also a binary and 7-of-a-kind. It's having the combination of all three that gives this note its punch. Is it worth the asking price of $50? If I knew it would grade 65 or higher I would buy it without hesitation. The problem (for me) is being ungraded and not observing it in hand. It's risky purchasing ungraded online unless the seller is very reputable or you know them to be accurate in their description of condition/grade.
I'm not a note collector, so check my work here, but doesn't 7-of-a-kind (in an 8-digit number) mean it has to be a binary (only 2 different digits)?
That's certainly low! You might have better luck starting a new thread in the Paper Money section, and it'll help if you can post a photo to show the note's condition. (I'm not a paper collector, so I can't even guess.) Welcome to CoinTalk!
This thread is from three years ago. Best to start your own thread and post photos of both sides on full frame. With paper money condition is everything. Your serial number is low so everything else depends on paper condition. You’ll get more responses to a new thread. Welcome to CT.
The bottom line, it’s only worth what someone is willing to pay for it, the real question what’s it worth to you ?
There are plenty of serial numbers that catch the eye but I stick to the ones listed in Azpiazu's book. The OP's note is certainly in the "catch the eye" category. If I found it in circulation I'd probably keep it but I wouldn't buy it.