Saving Old Notes ?

I can see how you’ve gotten into trouble on the Forum with answers like this. You have totally misrepresented my position, and you refuse to respect opinions that differ from yours.

I said from the beginning that if you have money to throw away, then by all means save every used coin and banknote you get. But, the reality is, worn common banknotes will never be worth much of a premium, if any at all. That means that you are tying your money up and letting inflation whittle away all it’s value.

I have an “old” style $100 bill at home. Should I save that? You have said that it is our job to save these things for future generations, but future generations have no interest in common, worn money. That is my point about value.

I save and preserve lots of things that have no real value, because I know that no one else is doing it. But, if thousands of people are saving millions of crisp uncirculated, my crumpled banknote will not contribute anything to history or posterity.

 

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Okay sir it is not throwing away money. I fully advocate the spending of poor condition notes. I would like to bring up another auction I came across. The auction was for a twenty dollar bill with the series date of 1981. Well it got several bids and ended at over $30 and the seller got it from work. I look at the old style notes as works of art as compared to the new trash that is being printed(except $1,$2 notes). I do not recall once talking about saving them for future generations but that is another good reason to save them and I thank you for bringing that up. Here is a scan of $1,$5,$10, and $20 notes. All have been removed from circulation in the last 3-6 months. The one dollar bill is worn and very used and I would spend that if a better one came along but how about that ten? It is not CU but is a nice AU grade. There is demand for these notes and should be saved when possible.

 

I have done my duty: I've pulled a 1981 $50, 1969-C $10, and three $5 (1993(2) 1995). The two 1995's I got on 1/16 (my birthday ) and 1/20.

I MUST FIND A $20!!

You may want to put away some $10 bills -- as of March 12 (I think), they will be "Old Style"!