$500 & $1,000 Bills Going Nutso

Discussion in 'Paper Money' started by GoldFinger1969, Jan 24, 2021.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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 :D ) 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 ?

    CDN Greensheet Feb 2021.jpg
     
    SteveInTampa likes this.
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  3. SteveInTampa

    SteveInTampa Always Learning

    Glad I bought mine years ago.
    56323F05-BB83-44B6-BE4E-93B9495C1DFF.jpeg 93ECF2A2-EC09-4B1D-A507-D6658E556025.jpeg CA859E4D-87C2-4BAF-B8A1-36B53B8CA109.jpeg 6668E653-37C4-491C-9C0D-57F77AC43081.jpeg
     
  4. Robert Ransom

    Robert Ransom Well-Known Member

    cashhound, coinup and GoldFinger1969 like this.
  5. highdenomination

    highdenomination New Member

    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
     
    GoldFinger1969 likes this.
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I think I saw it online somewhere, I don't subscribe.
     
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    It's interesting that the headline screams CIRCULATED which is where you'd expect newcomers and beginners to buy not veterans or serious collectors.
     
    fretboard likes this.
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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
     
    GoldFinger1969 likes this.
  9. ace ventura

    ace ventura New Member

    The real question is this sudden rise in price a bubble? Will the high prices continue to hold after covid is finally behind us?
     
    GoldFinger1969 likes this.
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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 :D.....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.
     
  11. scottishmoney

    scottishmoney Я люблю черных кошек Supporter

    Back about 25 years ago you could buy the common circulated notes at about $10-15 over face.
     
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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 :)
     
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Not graded and for the condition those were sold in, I'll wager.
     
    scottishmoney likes this.
  14. kanga

    kanga 65 Year Collector Supporter

    @SteveInTampa, nothing but great.
    Way beyond anything I have or ever expect to have.
     
    SteveInTampa likes this.
  15. cashhound

    cashhound Active Member

    Here's my 2. Maybe it's time to sell one? :confused:

    P3310004.JPG
     
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Those are Light Green Seals.....added specialty, I think.
     
  17. kanga

    kanga 65 Year Collector Supporter

    Yeh, sort of like a die variety that occur on coins.
    There are several shades of the Light Green.
     
    GoldFinger1969 likes this.
  18. cashhound

    cashhound Active Member

    "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."
     
    masterswimmer likes this.
  19. panzerman

    panzerman Well-Known Member

    Maybe its time to start printing 500/ 1000 bills again. A $100 bill is today worth what a $2 bill was worth in 1934.
     
    bugi1976 and GoldFinger1969 like this.
  20. scottishmoney

    scottishmoney Я люблю черных кошек Supporter

    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.
     
    panzerman likes this.
  21. masterswimmer

    masterswimmer Well-Known Member

    FIFY.
     
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