Is a $500 bill a good investment?

Discussion in 'Paper Money' started by Dalladalla80, Jul 21, 2019.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I would also check out current and past auctions on Ebay and see where other bills you have interest in go for. Focus on current auctions with lots of bidders for bills or completed auctions, not bills with a BUY IT NOW offer that is not being met. That tells you nothing.

    The Heritage Auctions on Monday and Tuesday (usually) are great to participate in even if you put in low "stink bids" or just watch. A few $500 bills in PMG 35 and PMG 15 open tomorrow for bidding:

    https://currency.ha.com/c/search-re...2201&Ntk=SI_Titles-Desc&ic10=BidBuyTab-071515
     
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  3. Islander80-83

    Islander80-83 Well-Known Member

    Is a $500 bill a good investment?

    Never met one financial adviser that said add numismatics to your portfolio. And if I did, I'd be running in the other direction.

    I get your point though. For future ref. I would just leave the word investment out of any conversation.
     
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  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I assumed he met relative to other bills and stuff when discussing "investment."

    Under NO CIRCUMSTANCES should any numismatic or bill purchases be a substitute for real tangible financial assets like stocks, bonds, Bank CDs, and mutual funds.
     
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  5. HawaiiCurrencyCollector

    HawaiiCurrencyCollector Active Member

    Thanks for the info! I read up before I made my first purchase. It was purchased on eBay and I did go with a PMG 65 EPQ from 1934.
     
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  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    Is a $500 bill a good investment?

    Only for the discerning collector!
     
    Last edited: Oct 28, 2019
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Nice :D...regular $500 bill, no special batch or Fed district or LGS ?
     
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  8. SteveInTampa

    SteveInTampa Always Learning

  9. HawaiiCurrencyCollector

    HawaiiCurrencyCollector Active Member

    Ha, thanks!
    Just a regular Philadelphia $500 bill. An LGS did catch my eye, but I’m more than happy with the one I purchased. It was also $1500 cheaper which I plan to invest in another bill soon.

    beautiful!
     
  10. Michael K

    Michael K Well-Known Member

    Quality will retain and increase it's value as with Steve's note.
    As for an average circulated $500 note, yes it's true that a number of years ago they were easily had for $550-$650, and now that price is around $800. Which seems a little over valued. As an investment it's probably not worth putting $750 into a bill with the hopes of getting $900 or so in 15 years. Although you do have the pleasure of temporary ownership during that time, which is priceless. After 15 years you would want the value to be almost double, and that's not going to happen with a circulated note unless inflation goes insane. And if that happens, more money isn't worth more anyway compared to now.
     
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  11. lettow

    lettow Senior Member

    Welcome.

    You didn't start with a Hawaii note?
     
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    How long were regular $500 bills at $600 or so and when did they suddenly move to $800 ? Because I wonder if you started right after a decline in asset prices generally (i.e., 2008 Financial Crisis) and then moved to a more normalized time period. That would indicate that the rise was just erasing a correction from a downturn.

    To me...a move from $600 or so to $800 unless in the span of a few weeks/months...assuming over years....is a rounding error if you really think fair value is half-way between them. I guess what I am saying is....I'm not sure that you are seeing an OVERVALUED situation or even UNDERVALUED. So...you may (or may not) see $900 or even $1,000 if you buy today. But probably not.:D

    OTOH.... I consider the price of the very-popular generic Saint-Gaudens $20 Double Eagles in 1990 to be way overpriced as they quadrupled in price with no underlying move in gold.
     
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  13. HawaiiCurrencyCollector

    HawaiiCurrencyCollector Active Member

    ironically, I decided not to start with a Hawaii note as my first purchase. I’m trying to collect large notes first before I go dabbing into other notes.
     
  14. PlanoSteve

    PlanoSteve Supporter! Supporter

    Makes cents! :D;)
     
  15. Ima Dragon

    Ima Dragon Year of the Dragon

    I find that to be overpriced for a problem note . Ink stains on reverse in field on the right and the left field along the fold , on the front by the seal appears to be an error green stain . The note does have a lower serial number .
    I've only gotten up to the $100.00 note so far , I'm only collecting examples of each denomination in large and early small plus their star notes . I don't consider them an investment just enjoy the designs .
    Notes like coins are only worth what someone is willing to pay to add to their collection .
     
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  16. Remember you have money tied up in such a note that could be earning bank interest every year. To hope for any profit you would have to have the value of the note increase more than the interest rate. The chances of that happening for a not in such poor condition is, well, unrealistic.
     
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  17. The link now goes to a framed Philadelphia (C) $500 note.
     
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  18. juris klavins

    juris klavins Well-Known Member

    1499.00 + 25.00 shipping - you're paying $750 for the frame :rolleyes:
     
  19. Michael K

    Michael K Well-Known Member

    That used to be true but bank interest has been almost zero for over 10 years.
    But it is a point well taken, as you could invest that money in a security that pays 4% or more (and could increase in value).
     
  20. For $750.00, I'd expect a better frame.
     
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  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You don't want that...buy one that is GRADED and gives actual information about the bill other than "Rare" :D

    Buy a TPG note...it will be better protected in the plastic....has infomation and professional data on the front/back.

    Oh yeah...cheaper !! :D
     
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