Old US FRN's

[BabushkaLady]

With all the daily news and writing on the wall, I've decided to start dumping the "little head" money in my possession. I pulled a few envelopes to categorize them and realized I have a Series of 1934-B hundred dollar bill. I don't ever remember seeing it before! It's printed with the phrase "will pay the bearer on demand one hundred dollars" below Franklin's head. Pretty cool, but it doesn't seem to be worth much (hahahaha! like any of them are!)

So I'll be converting my old friends to more useful, tangible and shiny things!

Can anyone think of a reason NOT to dump them now?

[osoab]

I am waiting for the time to swoop in for some sweetheart deals. I don't mean to sound vulturous, but if both parties are satisfied, no harm done.

[Ponce]

Bushlady, I forgot that I wanted to buy some Swiss Francs............I have $6,000 as the ones that you have and I don't know how much of the new ones but I will exchanged some of them..............by the way, don't get rid of all of them because the sheeps only knows the green back and when they are ready to sell their new cars for pennies on the dollar they will only take the green backs and nothing else.

PS: Just got a like new mountain bike for $20.00.....original price? about $250.00...... more bargains in the future.

[madfranks]

I agree, it's time to dump them. I used to have a decent holding of paper notes too, but all of the common old notes like you describe above really aren't worth more than face value anyway, so you will be better off with the equivalent amount of silver unless you're a hardcore currency collector and need them for your collection.

When I graduated high school my dad gave me a brand new sealed stack of $1 bills in sequential order. I held on to it for a long time, but as I saw au/ag prices rising and the paper money losing purchasing power, I traded it in for metal. I told my dad and he told me he should have given me silver instead of paper FRNs when I graduated. :)

[BabushkaLady]

No Ponce, I won't get rid of all of the them! I just don't want to be sentimental and stupid. I figure I'll start dumping 1990s and work my way backwards. I'll probably hold on to the 1960s and older. I just didn't realize how many I squirreled away until I dug them out.

[chad]

ponce is right. a lot of them have teh stupid to the bone, and will only take pieces of paper for tangible goods.

[BabushkaLady]

I agree, it's time to dump them. I used to have a decent holding of paper notes too, but all of the common old notes like you describe above really aren't worth more than face value anyway, so you will be better off with the equivalent amount of silver unless you're a hardcore currency collector and need them for your collection.

When I graduated high school my dad gave me a brand new sealed stack of $1 bills in sequential order. I held on to it for a long time, but as I saw au/ag prices rising and the paper money losing purchasing power, I traded it in for metal. I told my dad and he told me he should have given me silver instead of paper FRNs when I graduated. :)

I don't really have a currency collection. My dad got me hooked on coin collecting when I was really young. He gave me the sets with all the years. When I mentioned that the 1909VDB-S was missing he told me I'd have to find it myself. Well it was 200FRN when I looked at getting it, I passed it up til it was 400FRN and finally completed that book! Duh! I learned a huge lesson on waiting to buy things. As for silver . . . that old man knew his metals!! I always tell my sis if she ever feels the need to dump any of her old stuff, call me First!!!

[Ponce]

One thing to keep in mind is that in Germany in the 20's the original OLD CURRENCY were still good and the same for ALL COINS and not just the silver coins.