Question about old paper money value.

November 14, 2019, 08:03 AM

Johnny 3eagles

We have two (or more

) old paper bills and we are wondering if there is any value beyond the face value. Our local Coin Dealer shut down and there is no one local. These two bills are circulated but in excellent condition.

The first is a 1963 $2 bill:

The second is a 1923 $10 Gold note:

November 14, 2019, 08:05 AM

Patriot

Ill give you a buck-fiddy...for each.

OK, tree-fiddy for the $10.

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November 14, 2019, 08:23 AM

Beancooker

IIRC, the red ink ones are gold certificates and if the ink is blue they are silver certificates. I don’t think they’re worth any more than if they were actual dollars.

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November 14, 2019, 08:27 AM

a1abdj

Slightly more, but not much.

A few years ago I had a customer make a large purchase from me using $100 bills, all dated 1934. I thought it was neat to see money that old still floating around, and thought about how much money that really was in 1934.

Today they were still only worth face value and I spent them in public to spread the novelty.

November 14, 2019, 09:06 AM

Yellow Jacket

Basically, they are worth face value.

IF you can find a collector you may get a little more than face value, depending on condition and rarity.

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November 14, 2019, 10:19 AM

Oz_Shadow

Check Ebay sold listings

November 14, 2019, 04:18 PM

rtquig

Found this by googling "value of a 1963 $2 bill"

The 1963 $2 star notes are worth around $12 in very fine condition. In uncirculated condition the price is around $45 for notes with an MS 63 grade. The 1963A $2 star notes are worth around $12 in very fine condition. In uncirculated condition the price is around $90 for notes with an MS 63 grade.
1963 2 Dollar Bill | Learn the Value of This Bill - Silver Recyclers
https://www.silverrecyclers.com › blog › 1963-2-dollar-bill

November 14, 2019, 04:51 PM

ElToro

The problem with the gold certificate is nobody cashed it in for real gold back when FDR said now or never folks. A $10 gold piece would be worth a helluva lot more than that $10 gold bill it has some collector value though. It’s probly worth ~$100 depending on condition and who’s signature is on it. Do some additional research and see if it’s worth getting graded. Graded notes by the major grading services can trade sight unseen just based on the grade

November 14, 2019, 04:54 PM

Johnny 3eagles

Thanks everyone. My circulated bills are worth nothing more than face value. Guess the pile of $2 bills will be used as tip money.

November 14, 2019, 05:17 PM

jhe888

quote:
Originally posted by rtquig:
Found this by googling "value of a 1963 $2 bill"

The 1963 $2 star notes are worth around $12 in very fine condition. In uncirculated condition the price is around $45 for notes with an MS 63 grade. The 1963A $2 star notes are worth around $12 in very fine condition. In uncirculated condition the price is around $90 for notes with an MS 63 grade.
1963 2 Dollar Bill | Learn the Value of This Bill - Silver Recyclers
https://www.silverrecyclers.com › blog › 1963-2-dollar-bill

When those guys say "very fine," they really mean it. Condition is everything. The value drops fast as quality falls off.

November 14, 2019, 05:20 PM

rburg

The wife isn't home right now. I'd guess she's still got a fair stock of them from the 1963 or earlier timeframe. She never spent anything and had an aunt that gave them $2 bills for birthday's and holidays. She was 15 in '63 so I'd think she's got quite a few, some earlier. No, she won't be parting with them until she takes the dirt nap. Think RBG.

November 14, 2019, 05:41 PM

LS1 GTO

quote:
Originally posted by ElToro:
The problem with the gold certificate is nobody cashed it in for real gold back when FDR said now or never folks. A $10 gold piece would be worth a helluva lot more than that $10 gold bill it has some collector value though. It’s probly worth ~$100 depending on condition and who’s signature is on it. Do some additional research and see if it’s worth getting graded. Graded notes by the major grading services can trade sight unseen just based on the grade

So here's a question, the $10 gold note is still legal tender. As I recall, the US Mint currently sells gold pieces (gold eagles). Can one just do a lateral trade with the mint - gold note for gold piece of same denomination?

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November 14, 2019, 05:43 PM

wcb6092

quote:
Originally posted by Beancooker:
IIRC, the red ink ones are gold certificates and if the ink is blue they are silver certificates. I don’t think they’re worth any more than if they were actual dollars.

Gold certificates were last printed in 1934.

November 14, 2019, 05:55 PM

hjs157

quote:
Originally posted by LS1 GTO:
So here's a question, the $10 gold note is still legal tender. As I recall, the US Mint currently sells gold pieces (gold eagles). Can one just do a lateral trade with the mint - gold note for gold piece of same denomination?

The certificate is legal tender for $10 worth of today's inflated dollars while a 1928 Eagle is worth ~$710 in gold alone. Voltaire famously said, “Paper money eventually returns to its intrinsic value - zero.”

November 14, 2019, 06:33 PM

rtquig

quote:
Originally posted by jhe888:
quote:
Originally posted by rtquig:
Found this by googling "value of a 1963 $2 bill"

The 1963 $2 star notes are worth around $12 in very fine condition. In uncirculated condition the price is around $45 for notes with an MS 63 grade. The 1963A $2 star notes are worth around $12 in very fine condition. In uncirculated condition the price is around $90 for notes with an MS 63 grade.
1963 2 Dollar Bill | Learn the Value of This Bill - Silver Recyclers
https://www.silverrecyclers.com › blog › 1963-2-dollar-bill

When those guys say "very fine," they really mean it. Condition is everything. The value drops fast as quality falls off.

Yes, I watched enough of Pawn Stars to know exactly what you mean.