View Full Version : Value of older money
Maxie06
May 23, 2008, 03:10 PM
I have a Series of 1928E five dollar bill. Is it worh anything more than $5.00?
twinkiedooter
May 23, 2008, 04:51 PM
Yes, much more than $5.00. I don't know just how much more, but something that old in good condition could command a good price. Suggest you check with a numismatist in your area on this.
Clough
May 23, 2008, 05:02 PM
How much it is worth monetarily does greatly depend on the condition of it.
Flying Blue Eagle is a person on this site who has current documentation as to the monetary values of currency and coins. I am sure that he will be along sometime to address your question.
In the meantime, it would be helpful if you could determine some kind of condition for your currency.
What is quoted below is to help you to figure out the condition of your bills. It is from the following site. 1.9) How do you grade the condition of paper money? (http://www.faqs.org/faqs/coin-collecting/paper-money-faq/section-15.html)
1.9) How do you grade the condition of paper money?
The condition of a note is critical to its value. Lowering the
grade of a note one notch can decrease its value by 1/3 or even
1/2. An expensive note which falls between two categories might
be worth a thousand dollars more in the higher category than the
lower one. Thus, it's often important to be more precise than
using a limited number of categories.
But here's a general guideline. Note that many dealers have
slightly different grading systems, especially with various
sub-grades of uncirculated. There's no official system of grading,
unfortunately. But these are pretty much universally accepted.
I've received a lot of input and tried to hammer out the best
descriptions for each category.
Crisp Uncirculated, UNC or CU: This means absolutely not the
slightest sign of any handling or wear or folding or *anything*.
Some people use additional grades to distinguish qualities such
as perfect centering or other printing characteristics. Certainly
a note which has centering problems which are visible from a
distance of 1 meter (3 feet) should have this mentioned in the
condition description.
Almost Uncirculated (or About Uncirculated), AU: This means there
is a slightly detectable imperfection such as a counting fold on one
corner or slightest fold in the center (nothing which breaks the
surface of the paper) or a pinhole. At first glance it looks like
an UNC note.
Extremely Fine, EF or XF: Generally three light folds or one strong
fold which breaks the surface. There may be slight rounding at the
corners.
Very Fine, VF: May have several folds although the note is still
crisp and has a minimum of dirt. There may be minor tears or very
small holes but nothing which distracts from the overall appearance
of the note. Take an uncirculated note and crumple it once in your
hand, then flatten it out: this is a Very Fine note. Repeat the
crumpling and it's still pretty much a VF note.
Fine, F: A circulated note where individual folds and creases may
no longer be visible. To distinguish this from a VF note, when
inspecting a Fine note, it clearly does not look like a note which
has merely been crumpled a few times: It doesn't have the crispness
and brightness of a VF note. No tears may extend into the printing.
This is your average in-the-wallet note.
Very Good, VG: Tears and small holes can be present. The note is
not crisp at all. The is your lower quality in-the-wallet note.
Lots of people on the 'net don't realize that a note in "very good"
condition is really pretty lousy.
Good, G: Small pieces missing, graffiti. A worn out note.
Fair: Major tears, etc. A badly worn out note.
Poor: Even worse.
To grade a note precisely, it can help to hold the note about
20 cm (7 inches) under a strong light source (use the same source
for comparing notes) and on top of a white piece of paper and
use a 3x or 4x power magnifying glass. Make sure your hands are
clean before handling a note. This method will show a lot of
minor imperfections which are not normally visible.
Note that note from many countries have standard features which
exist for even Uncirculated notes. Some notes from Bangladesh,
Bhutan, Burma/Myanmar, India, Nepal, and Pakistan are only found
with staple holes where staples are always used to hold packs of
notes together. Most dealers list Uncirculated notes of this type
as having the usual staple holes (often abbreviated as uSH-UNC).
Also, some notes printed in France (for about 15 different
countries) have a slight crinkle effect.
Flying Blue Eagle
May 24, 2008, 06:09 PM
Maxie06- Clough gave you some good information on how to grade the money, follow his discription and you should come out OK. If you need anymore help njust come back on the site and ask ::: HERE IS WHAT MY BOOK SAYS ABOUT YOUR $5,00 BILL YOU HAVE , MY BOOK IS FOR THE YEAR 2008. THE SIGNATURES ON THE BILL SHOULD BE ( julian & snyder )
pLATE # 1530. IN vf-20 CONDITION VALUE IS $15.00 & IN unc-63 $65,>oo Plate # 1530*. VF-20 - $125.00 In UNC - 63 _ $ 700.00
Notice the number and the -just a period and the other has a star and a period
VF-@0 MEANS VERY FINE & UNC. - MEANS UNCIRCULATED
Don't GIVE THEM AWAY> IF you need the name of a couple co's. That do gradeing of paper money ,I can give them to you ::: Have a good day & GOD BLESS;;;F.B.E.
Clough
May 25, 2008, 01:13 AM
Wow! That bill, if in the better grades, could potentially fetch quite a bit of money!
Flying Blue Eagle
May 26, 2008, 10:13 PM
Clough - yes it could, sometimes people just don't know just how much something is worth and just what they have , and there are so many just waiting tfor people just waiting for them . I would love to give her where she can have it graded by a co. that won't take advantage of her , I really hate to see advantage taken of someone just because they can tell pretty quick that they can and they do . There are some ( NOT ALL ) coin and paper money dealers out there that is that way as much as I hate to say . ( That is one reason that I enjoy this so well and Knowing that I can give them heads up at the beging and they areaware of just what they have and pretty well that it is or not valuable, and they are prepared to know if someone is trying to cheat them or not./I am going to be as honest as I possibly can with everyone. About their questions about COINS AND PAPER MONEY> AND I HOPE THEY TAKE MY ADVICE> I KNOW THAT I MAY SOMETIMES BE WRONG <BUT I MAY BE CLOSE> AT LEAST I CAN SLEEP AT NIGHT> OH ME I'M getting carried away, I tried to get ahold of that man I was talking about that is a collector of 9 CONFEDERATE MONEY and knows it pretty well, guess he's out of town for the holiday , he owns a flower shop in the next town away from me , it's only about 5 miles , I'll try tomorrow , You have a good day & GOD BLESS F.B.E.
Oh by the way I wish you could see what some paper money that has been on the site is really worth you would fall down unless you were sitting down :: F.B.E.