I got this earlier tonight at one of the local casinos. All I had to do was ask. The cashier was happy to flip through about 4 straps of hundreds and even asked the guy at the next cage, who also looked. Anyway, this is almost CHCU. There is a slight diagonal crease (not fold) toward the front at the upper right corner and a vertical, rearward bend in the center (as if wrapped, face outward, around a large amount of notes.) The reverse is just as clean, I just haven't scanned it yet. So, given that, I have some questions: 1. Is it collectable, worth more that face value? 2. If so, what's the approximate value? 3. If so, what would a dealer offer? The reason that I ask is because I can't afford to keep it. So I will have to take one of the following actions. 1. Sell it to another CT member at dealer price. 2. Sell it to a dealer. 3. Put it back into circulation. Option 3 is definitely one of last resort, but I will have to take some action by the end of the week. Any feedback appreciated. Jon
Jon 1990 $100 from Cleveland 16,000,000 printed in DB Block, DA block had 99,000,000 Price guide for CHCU is $125. Diagonal crease means not uncircuilated. Crease breaks the paper, folds dont. Suggestions: Go to the Casino cashier and exchange it fo 20 $5 chips and enjoy playing blackjack or Throw a party and buy 100 double cheeseburgers at McD's Not a rarity and too many were printed.....It will take at least 50 years to see an appreciation, if your lucky. Buy something else with the money.... Jeff
Hi Jeff, Well, I hate MickeyDs, so this is a no-brainer. Thanks for the info, it's what I needed to know. Jon
I say you use it to start your emergency fund. Everyone should have an emergency fund. By using notes like this, it makes you really consider whether it's a true emergency before you tap it. Personally, I have notes of the same series/denomination that I've kept that are in worse condition.
wow - i just cannot belive the amound of posters who advertise to spend such oldies. Rarity, value appreciationg.. these ARE NOT the only qualifiers for collecting. It might be a steep up-front cost, but still a keeper.
Daggarjon, Most of what I have is considered "rare" currency. However part of my personal collection has modern notes. A number of those are Canadian, simply because they, in my mind are great looking. I have other foreign notes that I pick that are not hard to get but are also great looking. ie. Bahamas and Jamaica. I dont expect anything but aesthetic appreciation from them. If you see a note you like, by all means keep it. As time goes on we sometimes change our minds and sell or trade. Thats the great part of collecting in a community with others. Jeff
very true oldbucks, while the eyes, likes and dislikes of every collector changes over the years - there are certain undenialble truths - the reserve banks shred, burn and just plain destroy notes not fit for circulation. The criteria for this is not just limited to soiled, torn or otherwise unrecognizable notes. These notes deemed not fit for circulation are also pulled based solely on series date, or age. I do not have the link, gatzdon (i believe) posted it in a thread not long ago, that lists the criteria for this. I do believe that 1990 is considered 'old' or unfit for circulation - i woudl assume its because of the old design, and they want them pulled to limit the amount in circulation so conterfeiters have less of a chance to imitate them. So, this note, if sent back tot he bank, has a good chance it would sit there until a customer came in and recieves it in his change. However, there is a chance it could get shipped back to the reserves - if it does, we have a good idea of what would happen. As some young grasshopper pointed out , 1990 isnt all that old, and that 'some' would love to see some of these notes thinned from the circulation pool to help increase the value of those remaining. All i am saying is that while we all hope our collective collections will increase in value, a loss of any remaining notes is just that - a loss to all. True, there are a million of this denomination and series left i am sure, but at what point do we stop and say, i think i should keep that note. Say this note is spent, 30 years from now, it manages to find its way back to the the poster. and he says 'Wow, this note is really old' but now its been circualting for 30 years and is a rag. But now, he keeps it. If it is kept now, in 30 years it is still in very nice shape. My opinion - and its just that, my opinion. Numismatics is great, everyone can have their own opionions, and everyone of them is correct 100% of the time (at least in 'how' they collect )
Daggarjon, I hear and appreciate what your saying. I wish there was census information to intelligently work with. If we knew for a fact what they redeemed of an issue that would help. We have an idea of that information with National Bank notes and Fractionals. I am basically making judgements based on market values, which are related to current demands. Here is a note I picked up a couple months ago for a shade over face. Its a nice XF grade ...it has a slight crinkle in the center and is from 1934. In my markets I am involved with these are tough to move compared to other notes. I like it and will keep it as a type note. Same with the 1950 note posted below. My opinion is for current issue high denomination notes to pass on them, you may get something else that will be more rewarding and admired in the collecting circles. Unless its like the new $50's the BEP released from their store a week or 2 ago....all were less than SN4000. SDPlayer asked "The reason that I ask is because I can't afford to keep it. So I will have to take one of the following actions......" I gave my opinion based on my experience and his comments. I know I have notes that others wouldnt like. But then like the Bahamas, Jamaican and Canadian notes mentioned before. I like them. I am also partial to small FRBN's...I really like them Happy Collecting! Jeff
I currently have 15 Series 1990 $100 bills ranging from CU to F condition. Don't know why I keep the notes from the low end, but I can't bring myself to spend them. I also have 3 1934 $100 bills that I rescued from the shredder at face value. I wonder how scarce the non-colorized 1996 or newer bills have to be before I start hoarding them.
Here is a suggestion for you. Take the $100 notes and build a grading set. I never seen anyone use $100's before. Now that would be a unique set! Jeff
Hmmm... That's souds like a project for my son to do to help him learn how to grade paper money. I could use the refresher too.
I actually have a series 1990 $100. I dont know why i kept it. I just can't bring mself to spend it, but i don't really need to. It's almost 20 years old, and in AU condition.
