New to Paper, Values for $50's?

Discussion in 'Paper Money' started by GeekMan, Nov 13, 2010.

  1. GeekMan

    GeekMan New Member

    So, I am at a new bank and I already made a Teller friend :)

    She saved these for me and, Just as a start to learning how to grade and assign values for paper, could someone do so with these six pieces?

    Purchased at face and, perhaps a list T to B, L to R.

    Thanks a bunch Guys!

    [​IMG]

    Cheers~
    GM
     
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  3. Luke1988

    Luke1988 New Member

    My book does not even list any after 1934c in grades less then uncirculated, Sorry but i would just spend them
     
  4. ikandiggit

    ikandiggit Currency Error Collector

    I'd keep the star until I got a higher grade but, I agree....spenders.

    Stick to picking up older, lower denomination notes rather than the $50 and $100 (unless they're special!). The lower denominations have a better marketability and are a lot more affordable at face.
     
  5. Coinguy56

    Coinguy56 Member

    They are worth $50 a piece. Lol. I'm not that sure, what are the dates? I had a $50 dollar bill that looked like those and I ended up spending it because it had no more than face.
     
  6. GeekMan

    GeekMan New Member

    These are all 1981 :) What premium does a Star note command?
     
  7. krispy

    krispy krispy

    GM:

    Hang onto the notes and go buy yourself a couple books to learn more about what you have and how to grade notes before you get too much invested in notes and go spending them before you know what it is you are picking up.

    Books for small size FRNs that I suggest:

    "A Guide Book of United States Paper Money" 2nd Ed. (Official Red Book)
    by Arthur Friedberg

    and

    "Standard Guide to Small-Size U.S. Paper Money - 1928-Date" Ninth Edition
    by John Schwartz and Scott Lindquist.

    You can also pick up an issue of Coin World's publication called Paper Money Values in most book stores on the magazine rack located in the hobby section. This will have up to date 'price guide' prices. Price guides generally contain inflated values that are not as accurate as what are being realized on the market.

    You can search for the notes you have on eBay in the Advanced Search - Completed Auctions listings to see what/if any have sold for in the recent past.

    Set up a free account on Heritage Auctions and search the Currency Auction Archives to do the same.

    Heritage Auctions
    also has a nifty little Currency Grading Tutorial you can read quickly.

    You will need to learn significantly about what condition does to value in notes, so learn how to grade as you get into this aspect of numismatics. These notes are all rather heavily circulated and so unless showing a fancy SN or a star (*) in the SN (like one of your notes has) then you probably don't have notes with much value to collectors, above face, again, mainly due to condition of the notes you've shown. Another factor can be scarcity of notes for a given district, that is, notes with small printages within a Series for a particular district, which is why you need the reference books recommended above, that can affect value above face.

    For an idea of what to look for in grading, the two major Paper Money TPGs have the following two scales developed that they utilize:

    PCGS Currency.com -- Grading Scale

    PMG Notes.com -- Grading Scale
     
  8. krispy

    krispy krispy


    The Series 1981 star from Kansas City has a printage of 128,000, and if in top condition, it could get around $300. Your note is well circulated, I'd say may fetch $100 on eBay if you are lucky to find a buyer for it.
     
  9. Coinguy56

    Coinguy56 Member

    Any star note is a good bill to keep. I have a few myself.
     
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