What's it worth- $1000 bill (found in antique desk)

Howdy y'all. Was wondering what y'all would appraise this 1934 series $1000 bill for. I am not familiar with grading paper currency, but obviously it has significant condition issues (wear, folds, and a couple pin holes). I assumed it would be worth at least $1200

The true story associated with this bill is as follows: my boss says she was sitting at an antique desk she inherited from her parents. She pulled out the drawer to get something and then wondered why the desk drawer was so shallow- she bumped around and found a false panel- under which was this single bill.


(Sorry about the sideways photos, no matter how I rotated, it did not upload with correct orientation.)

 

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I'll give you $1,000 plus the cost of shipping. What do ya say??

 

Sweet find. I'd be spending a little more time studying that desk ;-)

 

Is that a stain or tape on the upper center back ?

 

Looks like a tear repair with tape residue on an otherwise VF note, with pinholes as you mentioned.

It's a common district (Chicago) but a desirable Light Green Seal color. With the tear and tape residue, I would value it around $1,500.

 

Great condition, $1500.

Also, I decided to fix up the photos you took to have one photo showing the whole bill and you do not need to tilt your head to look at the photo.

Sorry for small photo, click to make full size (much bigger)

 

Nice find! Better than anything I've ever found!

 

Sweet find. Its a keeper despite its stain and tear.

 

In certain circles, restoration is frowned upon......but in my eyes, this is the perfect candidate.

 

Nice, although it's a bit of a shame the original owners didn't stash 50 double eagles instead.

 

I was reading something kind of sad about these large denomination notes. A guy on a Question-Answer forum was saying that the banks would not accept his 1934 500 dollar bill and said they were cancelled in the 1960s so he threw it away because it was not legal tender. He was asking if any banks would have accepted it and he should have kepted it. Many people said that it is worthless now and not worth keeping others said he should have sold it to a coin dealer. Another guy was upset because his 1928 ten dollar gold certificate he got in change looked counterfeit . some people said "it has no in god we trust it is fake!" others said "no bill could ever have been redeemed in gold!" and a bunch more stupid comments. it proves people have no clue in that kind of thing and could have just googled it. He had banks test it with their pen and it was real, not sure what happened but I assume he just deposited to the bank as $10.

 

Very sad story. It brought a tear to my eye.

 

That is an awesome, awesome desk find. Congratulations!

 

Super cool bill, with a cool story to go with it!

 

Thanks for everyone's thoughts!

 

Sad, perhaps... especially to those of us in the know, but to those without the presence of mind to simply do some online research, or to consult someone to do it on your behalf, I can't sympathize with owners of such notes parting with these notes for face value or nothing at all for their ignorance and supine approach to determining value and authenticity. I'm tempted to suppose they buy lotto tickets and have no idea how to check the numbers for winners also.

 

I had another sad experience with banks and older money. They said that if they get any older money they have to them back for destruction so they will not have much. I told them to save anything cool for me , that let me get 3 mercs once all at one time!

 

Hey jwitten I have several coins that are die errors. My question if I may is I have a 1992d with 3 mm hits as well as other places have you heard of such an any idea its worth? Ty for any knowledge of such!

 

That sound very cool, I would need photos to tell though, It may just be machine doubling (very common) making it seem like a triple mintmark but I am not sure. I thought that re punched mint marks cannot happen after 1990 because after that the mint mark was already on the die and not manually put into it.