My outlaw brother-in-law-in-law(that's Southern for the guy living with my wife's sister) found a series 1934 $500 bill. The problem? It has been laminated!!! Does this bill having collector value? Or ??? Thanks.
well, my dealer sells $500 bills for $800 in uncirculated condition. i guess that one would be worth face? why would someone laminate it???:goof:
I'm sure it would go for more than face value as they haven't printed them in a LONG while. Just need to find the right buyer. Can we get any pics of this note?
Are they truely uncirculated?? That doesn't seem right, as there are dealers offering to buy CU $500 at $1,150 wholesale. Even laminated, I bet the bill may still bring $550-$600.
Kind of wondered that myself although I don't trade in $500 notes. One has to consider that most coin dealers aren't heavy into currency. I've cherrypicked a few coin dealers for currency in the past. Most of those same dealers do not know how to grade currency either. If it's crisp it's CU. THey don't "feel" the note as you'd NEVER do that with a coin. Hence, small folds, corner folds, minute creases etc are missed. If I could find bona fide CU 500s for $800 dollars I'd be jumping on them until my savings dried out.
As would I... But back to the thread starter - I've seen laminated notes on Ebay being slod as "slabbed" (heh) or "encased" - I guess it sounds better than laminated, though in the description I believe it said that somewhere. You'll get more than $500, but it will be less than if it wasn't laminated. Just don't try to unlaminate it.
I'm not sure it matters all that much if it's been laminated. If it's in really poor condition, then it will be worth even less than it's already worth. Regardless of it's condition, it's going to be worth what someone is willing to pay for it. Youi might get lucky, but IMHO, I'd dump that note and get something unlaminated, as it won't be much more.
