Prices for circulated bills seeing a big increase last few months...anybody buying or watching the price move ? Here's a CDN Greensheet (well, at least the 1st page ) which apparently ties it to more people at home and both of these bills being affordable for the unemployment and stimulus checks being given out. I wonder if mint state bills have seen a bump ?
GoldFinger1969. Thank you for posting the first page of the article. Looks like you got the green sheet before anyone, certainly before me. Marc Michaelsen
It's interesting that the headline screams CIRCULATED which is where you'd expect newcomers and beginners to buy not veterans or serious collectors.
I have had a few of these in the past, though kind of cool to own, the appeal dies off, more of a novelty really, but when it comes right down to it, its all about the money, I sold one of mine to a old timer, business owner he said he had 100,s and had been keeping these for his grand kids hey grandpa can I have a few..LOL
The real question is this sudden rise in price a bubble? Will the high prices continue to hold after covid is finally behind us?
If previous buying patterns of LOWER-GRADED stuff is maintained, it should hold. Carson City Double Eagles in lower-grades have gone up nicely over the last decade while the higher-priced stuff has lagged. You may have had a bunch of people at home...with or without jobs or stimulus checks....just clicking around the internet and seeing $500 and $1,000 bills and saying "Hey, that's kinda neat" -- and buying them. Will they get into currencies or coins ? NFI....No Freakin' Idea .....so many people got into gold coins in the early-1970's and then again in 1979-80 and when the prices dropped, they not only didn't buy more, they just left the coin world entirely. No buillions, no numismatics, no nothing. Some stayed (me !) but most left. We'll see if currency dealers (a more easily tabulated niche to survey) in coming months say they have seen buying for currency overall and esp. in the lower, more-affordable grades for large denomination bills and other currencies that cost $150-$1,500. We should also see anectdotal and numerical evidence that coin interest is up. Members at CT....submissions to NGC and PCGS....auction activity at HA and GC and maybe even ebay. We know the $$$ and numbers are out there. Unfortunately, most are fooling around with options, BitCoin, and speculative stocks.
Fooling around...LOL, got in when it was $25,000 a coin and its doubled in a very short time, now over $52,000 ( Bit Coin ) was out in front of everything else
"There is the 1934 series Federal Reserve note and the 1934A series Federal Reserve note. There isn't any significant difference in price between the two series. Almost two million 1934 500 dollar bills were printed and there are estimated to be around 150,000 in existence. Therefore if you're in the market to buy a 500 dollar bill then you can buy one from this series at a reasonable price. Also note that the 1934 bills with light green seals (LGS) sell for a premium."
Maybe its time to start printing 500/ 1000 bills again. A $100 bill is today worth what a $2 bill was worth in 1934.
For the great majority of people large denomination notes were something they never saw. Most of these were held in banks and traded betwixt them for larger transactions. I'm sure that some very wealthy people had them for conversation pieces and showing off.