My ATM dispensed a 1995 $10 bill. It was so out of the blue and stuck out like a sore thumb because i'm so used to brand new $20 bills that give me the usual hard time of separating them when counting. A quick google shows them selling from $12.95 to $19.95 for non mint ones. This has no special numbers or a even a * code. It shows some light folding lines but it has no tears and the ink is nice and strong. Are others holding these bills? Yes my Citizens bank ATM now gives even $5 bills and gives you the option of choosing the currency.
It's up to you; you'll no doubt get the usual mantra from other members of why you should not save them but I lean towards saving them when one can afford to do so. This is particularly true when they are in nice condition or a modest $10 denomination. And most tellers set the old ones aside to send them off in their "mute" piles because, as they often say, "People won't take them". The common folk are just ignorant with poor memories and quickly forget what old designs look like but as collectors we can do better: we should save them when we can.
It would be up to you. Can you afford to keep higher denomination notes? I only keep them when they are "special" for whatever reason.
I keep all the old paper bills when they come up. Once in a great while it's a pain and I was going to use that money for something specific. But then, I keep all my coin change and store it away from no reason at all.
Personally, I don’t keep modern, circulated non-star notes...with very few exceptions. But that’s just me. Collect what makes you happy.
though a cool find, with out something special about the note such as a star or interesting serial number you premium if any, would be small.
I got a 1999 $10 last night at a local grocery store when I asked for cash back. Kind of a rag but rare to get 1990's money from a register nowadays.
ATMs can be set up to dispense any denomination, $1, $5, $10, $20. Most have 5 currency cassettes (the 5th one is for rejects). It's more convenient for banks to just load them all with $20s but they can be set for the other bills, too. (I'm a former Diebold employee in their repair depot....I've repaired my share of ATM circuit boards....)
I collect as many banknotes of all denominations and years as I can. They're useful for paying bills, and when this whole "cashless society" takes hold, who knows what they'll be worth . . . . Z
I've been seeing those predictions for a while now. Something tells me we won't see that in our lifetimes, but it's nice to have an emergency fund stashed away somewhere.
About 3 years ago a credit union across the street would give $10 increments then it was replaced to to usual $20 bills only. I'm guessing a year ago my local Citizens bank added this 2nd ATM that I mentioned with as low as a $5 withdrawal. I never tried a $1?? Could just be it does it. I'm only thinking they added a 2nd ATM and the small withdrawal amount because it's a small branch in a Stop and Shop and the hours are from 10:00AM to 5:00PM and Saturday's it opens at 11:00AM. I 58 and have sure seen the older style bills most of my life but wow this one stood out. I didn't realize to just how used to I got to the new ones. I can see younger cashiers thinking its a counterfeit. As far as keeping them, it just depends like some had said, if I can afford it I will!
There's a lot of reasons we shouldn't replace physical currency (or just have more than one option?), plus many Americans will petition the hell out of a switch. An opposition will no doubt get millions of signatures.
Today I went to exchange $800 at a bank from ones and twenties for hundreds. The teller took quite a while for a modest exchange like this. She eventually retrieved a decent number of hundreds from a dispenser that was to her right. Then she took the bills and did some maneuvering out of her drawer that was below and out of my view. She then ran the hundreds through a counter that was in front of us, verified that the amount was good, and then in an unusual fashion she placed them into an envelope and handed it to me. This was unusual as usually tellers ask if you want the bills to be placed into an envelope. This is what I received: It is clear the teller did not want me to see the older generation of $100 notes because, while she wanted to be rid of them, she feared I would not accept them so she sandwiched them between new bills and then placed them into the envelope. She has apparently suffered some kind of trauma or difficulties in the past when it comes to distributing bills that are of an older design. Little did she know that I will often ask for older designs like this when I see that a teller has them in their drawer. So from this recent example we can see how strange the public is about accepting and ultimately using bills that are of a design that was commonplace until not all that long ago.
