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Coin and Paper Money Collecting/Older Bills
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Question
Hi, I hope you can help me. I worked as a banker as a few years and would always pick up old coins for my dad as he is an avid collector. I would also come across odd bills but my dad was never interested in keeping them so I usually just held onto them myself. One day 2 $20 bills came in and after putting them through the ringer to make sure they were real I decided to purchase them just in case they had any value. My questions are: Are they worth anything over face value? If so, would it be better for me to hang onto them, or sell them now? The first is a "7" series from 1928. It seems to be in very good condition, as though a kid stole it out of his parents collection to buy something. It has a little pencil mark on the front that could be erased, but I wasn't sure if this is ok to do. The second is a "C" series from 1934. It has a couple of creases in it, and some pen on the back. Otherwise in good shape. I will try to attach a picture. Any insight would be greatly appreciated! Thanks!
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Hi Taryn,
Although they are different, not being mint condition, makes the uncollectable to most collectors. You may find someone to pay $25 per note, but from myexperience, collectors usually will pay more for a choice note.
Personally, I would spend them.
Regards
Joe Hylas
www.AllCoins.US
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Answers by Expert:
Joe Hylas
Expertise
Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.
Experience
Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US
Organizations
PCGS, NGC, Rotary
Publications
Physician's Money Digest
Education/Credentials
Bachelor's Degree in Business Administration
Awards and Honors
Paul Harris Fellow
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