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1953 red $2 bill
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<p>[QUOTE="Michael K, post: 3341790, member: 78298"]I don't mean to discourage you. You didn't overpay by much, and it's like anything else, if you like it (and I happen to like these notes). it's not very expensive, and the years of enjoyment you can get out of just having it in your collection and appreciating it, are worth a lot more than the money invested.</p><p>Sure, one day, you can sell it for $7 and break even. But this isn't the kind of thing you are going to flip and make a quick profit on.</p><p>The point I was trying to make on value and long term holding can be illustrated this way: 50 years ago that $2 bill could have been spent for 4 Big Macs. Today that same bill if sold (let's say $4) is worth 1 Big Mac. One Big Mac which is smaller and far less satisfying than a Big Mac from 50 years ago. So now, you hold onto this note and in the future, you are able to break even and sell it for $7. Which will probably be the price of a Big Mac.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3341790, member: 78298"]I don't mean to discourage you. You didn't overpay by much, and it's like anything else, if you like it (and I happen to like these notes). it's not very expensive, and the years of enjoyment you can get out of just having it in your collection and appreciating it, are worth a lot more than the money invested. Sure, one day, you can sell it for $7 and break even. But this isn't the kind of thing you are going to flip and make a quick profit on. The point I was trying to make on value and long term holding can be illustrated this way: 50 years ago that $2 bill could have been spent for 4 Big Macs. Today that same bill if sold (let's say $4) is worth 1 Big Mac. One Big Mac which is smaller and far less satisfying than a Big Mac from 50 years ago. So now, you hold onto this note and in the future, you are able to break even and sell it for $7. Which will probably be the price of a Big Mac.[/QUOTE]
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