2 1954 $100 notes

News: Registration is free here at the CPMF!

We have these 2 notes, and need to sell, due to buying a home and too high welcome taxes!!  ;)so, what are they worth, if you dont mind taking time to help us..
1 is a 1954 $100 devils face BC35a coyne towers c/j 11976758 in AU or EF condition. the 2nd is 1954 modified BC43c lawson bouey a/j 1501440 in VF condition, except for pen marking on edge saying 74.
i do feel overly grand claiming to know the grade of these, as i have no clue, frankly, but according to the grading thread, these seem accurate, to my ignorant mind.
how do i sell? just call and show it to 3-4 dealers in my town? i do need the $ fast, which i imagine will force me to lose some .
Thanks so much!

sorry, i am adding the scans for these notes, i messed up on the uploading when i posted initially.

Hi,
i think you made a mistake in your posting, your Coyne-Towers should be A/J..... and the Lawson-Bouey should be C/J. Because C/J prefix was only issued for the Lawson-Bouey notes issued towards the final years of the '54 series.
Anyhow, the Coyne-Towers is worth around $275-500, the Lawson-Bouey is worth $100-115 ->indeed a rather decent note that has a pen mark would likely bring the condition of the note down to VF. Hope this helps.
To sell, you can always check will local dealers.

woops, JB, i mixed up more than you think! can i rephrase the whole question? this is what i have:

1) 1954 devils face coyne towers aj1501440 BC35a and this one has the pen markings on it, and aside from that its in VF condition.

2) 1954 modified lawson bouey cj1976758 BC43c and its in really nice shape, no pen marks, i would say AU condition.

Please, if you dont mind being driven nuts by my own mistake, let me know what they may be worth.
also, would dealers give less than value b/c they still want to mark it up again when they resell? how much less should i expect?
{http://img153.imageshack.us/img153/9557/100wl.jpg:http://img153.imageshack.us/img153/9557/100wl.th.jpg}

woops, JB, i mixed up more than you think! can i rephrase the whole question? this is what i have:

1) 1954 devils face coyne towers aj1501440 BC35a and this one has the pen markings on it, and aside from that its in VF condition.

2) 1954 modified lawson bouey cj1976758 BC43c and its in really nice shape, no pen marks, i would say AU condition.

Please, if you dont mind being driven nuts by my own mistake, let me know what they may be worth.
also, would dealers give less than value b/c they still want to mark it up again when they resell? how much less should i expect?
[

The 1954 Devils Face about $180 in VF, the modified one is worth $150-190... looking at the picture though it looks more like an EF or EF+ so the value might be a little closer to $150.

Yes, for dealers they will want to give you less than what its worth simply because they also want to make some money, this is normal but you also need to know what their true value is, which is what i gave you above. So for example if a dealer wants to give you face for both, its not worth it because these notes are clearly worth at least $330. However if a dealer offers you say $275-$300 for the set, yes i believe its fair. A dealer could also disagree on a grade as well, what you think is an AU can be an EF in his/her opinion. Its not always easy selling banknotes.

Also if you have accumulated at least 15 posts in this forum you can use our trade post section to sell these two notes and perhaps you could get slightly more.

ok, thanks a lot! too bad my mistake wasn't the real thing, the $500 value sounded good!

A dealer wouldn't stay in business long if they bought items for $270 and sold them for $300.  That's too skinny a profit margin especially after taxation.

I would be surprised if a dealer offered more than $230 for the pair.  These notes are just nice enough that they would want to stop someone from taking them to the bank, hence they would offer a few dollars over face.  The penmark on the older note really brings down the value, unfortunately.  High denomination older series notes are really tough to move.  You could list them on eBay, but the seller's fees are so high, they would eat up most or all of the profit margin.  It would be much easier to take them to a dealer and be done with them.

MMARS, based on my calls to local dealers today, you are on target. Thats about what i was offered. But its hardly worth it for me too to go downtown, or whatever, to meet them, and conclude the transaction. For $30?!? Not that i blame them...I just wonder why most people dont just put them back in circulation. its easier to head off to Walmart, my bill there is usually about $100... Thanks for the response.

well, it would be a shame for those notes to go to the shredder.    Hey, 30 bucks is still over face!  I say take it! 

Initially, I would have agreed with Dean's reply above, i.e., $30 is better than $0.  However, I just re-read shoshana's previous post, and it occurred to me that not going to the dealer is actually quite wise.  Once you get in the door, it's highly possible that the dealer will offer even less.  I'm not saying it's common practice for dealers to play tricks, but there's almost no chance a dealer will offer you more after the phone assessment.  They're not going to say "Wow! These notes are even better than you described them!" and proceed to throw money at you.  More likely, they will look at the writing on the Devil's Face note and use that as an excuse to offer less, figuring they've got you dialed in once you actually show up in person.  What you do with these notes will depend on how much nonsense you are willing to tolerate from prospective buyers.

well, it would be a shame for those notes to go to the shredder.

I agree.  They should have gone in the shredder 35 years ago.  $200 was worth a lot more in the 1970s.  Fifteen percent interest on a 35-year investment is quite bad.

I agree with MMARS. That's usually the case of the dealer reaction when they see the potential seller's notes. Slashing down prices due to very small faults. In fact, in order not to have any misunderstanding, the dealer will request seller to bring down the note for a closer assessment. Dealer will not commit themselves on the pricing.