I went into my bank today to pick up a $500 box of Kennedy Halves (They order whatever I want, great rapport with them). Anyway, I showed them a $1 Star Note and told them to keep their eyes open for them and to set them aside for me. I also asked them to look out for the pre-monopoly looking money (sorry if that offends the serious paper money collector's, I don't know what else to call it. Well, when I walked in they quickly called me over to the teller booth and said they had 7 old $100 bills, the earliest dated 1974. But what blew my mind was that the teller told me that some old lady came in and deposited several thousand dollars into her account and they were all Star Notes! $4,000 worth of $100 bills. So, I picked up the 7 old notes and 4 of the Star Notes (That's all the money I had at the time including the $500 Half Dollar Box they ordered for me which I felt obliged to buy). Short story long again, bearing in mind that I have no idea about paper money, should I go back and get all of the $100 Star Notes and even trade in my old $100 notes? Two of the Star Notes are consecutive and one is 7 or 8 numbers away, basically the ones I got today are only 80 numbers apart in the last two digits. She said she would set all of them aside in the vault until I could eventually get all of them. What are your thoughts? Get all the Star Notes or keep mixing my collection? Here are some pics, by the way, they are all in crisp, perfect condition: Let's put it this way, I collect coins as a hobby, not for money making. Paper money, on the other hand, is something I will turn around and sell if it's worth my while so keep that in mind if you're interested! Thanks Dave
Dave the F6 is for the Atlanta Federal Reserve Bank...there are 12 FRB and each has a number 1-12 and aletter A-L I would go for the stars asthe replacement notes are most always fewer in the printed process. A good thing to do is buy Schwartz/Lindquist 8th edition and read it for a while...takse some notes out of you wallet and compare, study and then decide waht you want to collect.. Good luck and keep us posted...pics always appreciated.. Clembo did list out all the FRBanks in a earlier post...search the paper money fourm for his posts..oh and one additional thing to consider; Just as eye appeal is essential for high end coins, the same applies for paper..go for the best you can get! RickieB
RickieB, 0311? Is that LAR? Not sure of the Devil Dog Lingo but my buddy was 3rd LAR out of Ft. Deitrick, MD and was a crew chief (HAIC, I guess) in an LAV in March 2003 in good ol' Iraq. He got back in one piece but he said the enemey wasn't as fortunate, especially after the words "Fire For Effect" were given. He brought me back some nice paper currency with Saddam's face on it and he somehow managed to keep it crisp!
Davedawg, I'd pick up the book that RickieB mentioned. Well worth the money to get it especially if your bank is that helpful. Star notes can really add up fast, especially if you have access to a ton of cash which the bank does, of course. Toss in that $100 denomination and it adds up faster. As for the "monopoly money" remark I love it and I'm serious about my currency. Personally, I refer to them as "big heads". clembo
nice note!! and a super nice bank (where is that again) 'IF' you can afford it, i would certainly go back for the stars and 'pre-monopoly' notes as you called them the stars, as rickieb mentioned are always fewer in number then regular issue. But the older style notes will increase in value as well. think of it this way .. everypne saves star note, few people think of pulling the older non-stars... eventually, as non stars get shredded by the reserves, the will dwindle in numbers quickly. Sure stars will most certainly always number fewer then the regular issues, but the regular issue number will dwindle quicker!
Very Cool notes! RickieB and Clembo are the experts when it comes to Paper money---I have a few pieces but don't know a thing about them. Speedy
Hey Speedy... How are ya? WOW..thanks for the kind words..but believe me I am no expert..LOL.. I just like to study them and there are many here that know much more than I ever will. Hats off to Clembo, Daggerjohn, OldMoney, Numbers, Gatzdon, Coinlover, USS656 and the many others I may not have mentioned. I would like to look upon us all as a bank of knowlege that share with one another each othere experiences and knowledge. Just as you Sir, are fantastic on nickles and many other coins!! Great community we have here huh?? Regards RickieB
Per this page, http://www.uspapermoney.info/serials/f2001_h.html There is nothing scarce about the Atlanta District for 2001 Series Star Notes. If these were New York Notes, I would say buy them all. My personal opinion is buy a few nice ones for yourself that are in consecutive order, but don't break yourself financially. Additionally, you can call up every paper money dealer in the yellow pages and ask if they are paying more than face for these. If anyone says yes, then by all means, go for the instant profit (but I would still keep a few consecutive notes for the personal collection). Remember, if you are in this for the hobby, then you will enjoy the notes. If you are in this solely to make a profit, then you will me sorely disappointed and you will find that in most cases a Money Market or CD would have provided a better yield. Enjoy PS. I'm no expert and I don't have a crystal ball. For all I know, most of the Atlanta notes could still be sitting in a vault somewhere and get destroyed when they issue the new colorized $100 bills, making them rare again. Hindsight is 20/20.
Soooooo............Keep the older notes? I mean, the teller said she'd keep them in the vault and I could pick them up a little at a time (I think she likes me, LOL) so I guess I have a long time to collect them. Besides, I LOVE the look of the older bills and also picked up some $5's, $10's, and $20's yesterday too. Like I said, I'm not a big paper money collector but I do have some 1935F, G, E (whatever) $1 Silver Certificates (about 20 of them) and about 5-6 1953/(B) $5 Red Seal Notes and a lot of Red Seal $2 Notes, even a 1928 (?) Red Seal Note. I also have a $100 pack of consecutive $2 Bills. I'm terrible with money so I ask my bank teller to order me $200 worth of $2 Bills every week because I know I won't spend them, first because of old sentimental reasons (long, boring story) and second b/c some idiot at McD's would look at it and think it was foreign currency! Anyway, I picked 20 Silver coins out of a $500 box of Kennedy's so I think I'll go dump 'em in the machine and buy a few more notes, and maybe another nickel box to look through for Speedy!
older notes and any stars would be my first thought of what to keep. After that i would get into known districs with very limited printings. After the oldies and the stars, it can get pretty deep as to what to look for. As gatzdon said "Remember, if you are in this for the hobby, then you will enjoy the notes. If you are in this solely to make a profit, then you will me sorely disappointed and you will find that in most cases a Money Market or CD would have provided a better yield." good luck!
that is good advice. i would buy all the consequtives and leave the rest. dealers i would think would be more interested in buying them if they are in sequal order. i would keep the old style $100's, but i wouldn't expect to sell them over face.
Get as many as you can, run them through Numbers' site(until you get the book RickieBmentioned) and keep the good ones, then take the undesireables to another bank and get smaller bills to look through and use that money to go to the original bank. Hours of fun!
davedawg, something else to consider about the 100 dollar notes is the fact that most collectors prefer to collect lower denomination notes due to cost factor. I would also recommend Schwartz/Linquist catalog as RickieB, Daggarjon and clembo did. Lou
