Trading/Selling Paper Money – What should I do?

Discussion in 'Paper Money' started by VACookey, Apr 27, 2011.

  1. VACookey

    VACookey New Member

    Good evening all!

    I have a question for those more knowledgable than I on the paper money business.

    I have a few $20 star notes in crispy condition and several stacks of crispy 25+ consecutive $2 bills. I want to sell them and take the proceeds to the coin show this weekend. Do you think I could sell them to someone at the coin show? Do people do that? Or should I try trading the bills for coins? OR should I just try to sell them on ebay?

    Any advice would be welcome :)
     
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  3. camlov2

    camlov2 Member

    It really depends on the year of the bills and the actual condition. If they are newer bills the $20 star notes would likely have a very small premium over face even in 60+ condition. Older bills can be worth quite a bit more. I would guess that you wouldn't find a dealer who would be interested in them above face value.
    $2 bills can be found frequently in uncirculated condition, consecutive numbers wouldn't do much for value. 1976 or 2003 don't seem to command a premium.
     
  4. VACookey

    VACookey New Member

    ok, so I'm outta luck basically. I'll just find another way to finance my coin show trip this weekend.

    Thanks so much for the info!
     
  5. SteveInTampa

    SteveInTampa Always Learning

    Does "crispy condition" mean uncirculated, almost uncirculated, or extra fine ?
    My experience with dealers at coin/currency shows is they will either "cherry pick" your selection, or pay below auction/buy-it-now prices in order to resell for a profit. Buying currency & coins is how dealers fill want lists, and replenish inventories. This is a business to them and they have to buy at or below Greensheet to stay in business.
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Sounds allot like a pawn dealer!....LOL
     
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