$50 Birthday Note...worth?

Discussion in 'What's it Worth' started by AlwaysGoForward, Jul 30, 2022.

  1. AlwaysGoForward

    AlwaysGoForward New Member

    Hi, I'm new here, so please excuse me if I'm posting this in the wrong place. I saw a forum for the "paper money", but this one being titled "what's it worth" seemed to make more sense.

    I have tried to find info on pricing for birthday notes, and what I have found is it's hard to tell. I have learned (and correct me if I'm wrong) the higher the denomination the harder it is to sell, or be "desirable".

    The bill has your normal circulated look, but nothing noticeably wrong w/ it. It has a few creases, but I imagine that can be fixed by placing it into a book or something to smooth it out.

    It's a 2017 series A $50 w/ the serial 10102001 (10/10/2001)

    Is this something worth trying to sell, and if so for how much?

    Thank you in advance for any insights you have.
     
    -jeffB likes this.
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    It’s a birthday note and they are worth something but this birthday is only 21 years ago. They haven’t had time to get famous yet. Welcome to CT.
     
    AlwaysGoForward likes this.
  4. AlwaysGoForward

    AlwaysGoForward New Member

    thank you! what would you recommend then? I don't want to hold onto a $50 for it to appreciate as I would say a 1, 5, or 10. 50 bucks is 50 bucks haha. Maybe there is a collector out there that would buy it for their child/friend/family member? would you venture a guess on a reasonable worth?
     
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    All depends on the bills condition.
     
    AlwaysGoForward likes this.
  6. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Just 19 days too late to be my daughter's birthday.
     
  7. lordmarcovan

    lordmarcovan 48-year collector Moderator

    You could try offering it on, say, eBay, starting out at face value + expenses, and see if it sold- or better yet, took off and sold at a nice price. I rather doubt it would, but you never know. Unless you find a 20-year-old who's got that birthday, it might be a hard sell.

    Since it's a $50, I'd just spend it. Like you say, 50 bucks is 50 bucks.
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Hey, it's going to be somebody's twenty-first birthday come this October. That's kind of a special birthday. Might make a good gift for someone's "first legal night at the bar". On that basis, I'd be tempted to put it up as a BIN/Best Offer on eBay, with a bit of a sales pitch. If it doesn't move at a price that makes it worth your while, you can always spend it.
     
    lordmarcovan likes this.
  9. Matthew Kruse

    Matthew Kruse Young Numismatist

    Yes, if you plan on doing this be sure to calculate the eBay fees which are 12.9% of sold price + shipping paid by buyer.

    It would be unfortunate if you sold it and ended up losing money!
     
  10. AlwaysGoForward

    AlwaysGoForward New Member

    collecting nut, Assuming its not bad?

    lordmarcovan, I've never sold on EBAY..well no I tried it ONCE. they charged me for something that didn't sell.

    jeffb, tips on how to do it?

    matthew, good to know. ty!
     
  11. Mountain Man

    Mountain Man Well-Known Member

    There are currency dealers that advertise to buy notes like this. Do research and see if one of them would pay a premium. Best way I know of to make a little extra on a larger value note.
     
    AlwaysGoForward likes this.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    I'm probably not your guy, as I've sold a grand total of one (1) special-serial note on eBay, a $20 that netted me maybe $5 profit in the end. Since eBay charges a percentage of the WHOLE transaction price, rather than the increment over face value (which certainly makes sense from their perspective), it's going to be hard to do really well on larger denominations.

    I'd go with something like 10102001 BIRTHDAY NOTE PERFECT GIFT FOR 21st BIRTHDAY as a title, and a short and not-too-serious sales pitch in the description. Be sure to include good photos and an accurate description of the note's condition. (The high denomination is more of a liability than a feature for this, so I'd make an exception to my usual "all critical info in the title" rule. It'll be clear enough from the photos, description, and asking price.)
     
    AlwaysGoForward likes this.
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