Advice please ($1000 bill)

[Spizzerinctum]

As I was purchasing a bag of nickels from the coin machine at one of my regular weekly stops, one of the tellers informed me that her elderly father was not thinking clearly because of a recent stroke. He had brought some coins to run through the machine and the person helping him noticed some buffalo nickels going through. She assured me that anything I found was mine but she was just letting me know what to expect. I told her that I was not going to take advantage of her situation with her father and would save the buffs for her. (there were 39 of them). She seemed to appreciate it and took her phone out to show me a picture of something else of her father's that she wanted to sell before he had a chance to sell it at face value. It was 2 $500 dollar bills and a $1000 bill. I'm not a currency person but they looked to be excellent in condition and in plastic. She said she wanted me to have the chance to buy them because she trusted me. I'm not sure what to offer and hoped someone here could give me advice.

 

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[Mackaydon]

I would first need to see a pic of both sides, in focus; preferably out of the plastic.
Don......

 

[port ewen ace]

had 12 of those $1K's in '84----spent 'em on a '80 Corvette.......

 

[Zomotion]

I'd advise posting in the paper currencies forum. Good luck

 

[Death&Taxes]

Take 'em for double face value if they are problem free and AU and you can't go wrong. Also, are they 1928, or 1934? I would love to see pics. If you want to make a quick buck, maybe take them to a coin show or something, but know what you have before you sell them. I would suggest keeping them, but if that's too much money for you to hold on, it's fine to sell them. My dream is to buy one of those from the bank someday, but the odds of that happening are one in a million. I love those notes.

 

[Death&Taxes]

had 12 of those $1K's in '84----spent 'em on a '80 Corvette.......

Do you regret that decision or not?

 

[port ewen ace]

YUP higher maintenance than all the hot babes on the Weather Channel AND FoxNews combined. those G-notes would be about 30 Grand today

Do you regret that decision or not?

 

[Geobound]

Personally if she was a good contact for me in the bank and this is something for her and her father, I would source what she could actually get for the bills.

I would do all the legwork, tell her exactly what they could fetch and buy them for a minimal 5%-10% markup.

She will appreciate the fact that you are being honest with her, and you've made a few bucks for yourself.

This will only benefit you in the long run with access to the god stuff when you need it.

Of course I would love to see what those bills looked like too.

Good luck.

 

[Beezly]

Personally I would be skeptical about the situation. If her dad is already dealing with recovering from a stroke, I bet he would be livid to find out those bills were sold. That's a lot of stress. I don't know the situation but I'd be afraid of some sort of legal trouble if he isn't aware they are being sold.

 

[DeepseekerADS]

I'd be wondering about these bills. Do your research!

 

[ugotit22]

Personally I would be skeptical about the situation. If her dad is already dealing with recovering from a stroke, I bet he would be livid to find out those bills were sold. That's a lot of stress. I don't know the situation but I'd be afraid of some sort of legal trouble if he isn't aware they are being sold.

so she cared enough to mention the rarer coins possibly in the bag? But is trying to swindle her dad out of the notes? unlikley!

 

[Beezly]

I agree its unlikely, just something to think about. Someone in my area did something like that with antique rifles once and it unfortunately got ugly.

 

[port ewen ace]

I join the consensus----TREAD LIGHTLY-- greed & compassion don't mix well. let some time pass for now

 

[Spizzerinctum]

I got the impression she was concerned that he would let them go for face value like he did with the coins.

so she cared enough to mention the rarer coins possibly in the bag? But is trying to swindle her dad out of the notes? unlikley!

 

[Dozer D]

I had heard that only the $100-bill is the only remaining large dem note, and that the $500 & $1000 notes are collector items only, don't know if this a true fact or not!!

 

[Death&Taxes]

I had heard that only the $100-bill is the only remaining large dem note, and that the $500 & $1000 notes are collector items only, don't know if this a true fact or not!!

The US does not demonetize money, or it only does so on very, very rare occasions, so you can still send a $500 or $1000 bill legally.

 

[huntsman53]

Very few if any businesses will accept a $500 or a $1,000 Bill and usually only if the person accepting or the owner of the business wants it for themselves. They can be turned into a Bank which in turn, are supposed to turn them over to the U.S. Treasury or they can be sold to Collectors. The general value factor in most cases is around 2 to 1 Face unless if they are about Extra Fine to Uncirculated or very old and/or rare notes.


Frank

 

[port ewen ace]

$1K last issued 1934. need series, issuing bank, signatures, serial number & Y/N on star note to estimate value relative to condition. '34's range up to 2X face & 18X face for *notes in VF condition

 

[thurmownator]

Like Zomotion already stated, you may get more feedback posting this on the forum designed for paper currencies:

Paper Currencies