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Topic: 1975 $100 bills in AU/UNC, how much are they worth?  (Read 12326 times)
d_polo
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« on: March 01, 2011, 01:15:16 pm »

I have several 1975 multi-colored $100 bills. Many of them are in UNC, they are not in Gem UNC, but several notes in my opinion are in regular UNC condition. A few of the notes fall into the AU condition, but high grade AUs.  The $100s I have are both 2 letter L/B and 3 letter L/B and 3 letter C/B. Many of the notes are very well centered, paper is still bright white, some of the notes have an off white colour due to aging. Looking in the Charlton catalog, many of these notes are sell well above $100. Usually between $130-190. I don't have any replacement notes. But a local coin dealer would only buy them in UNC, not interested in any AU grades. They said the AUs are only worth $100 and they would buy the UNC $100s for $105. That seems awfully low to me for a UNC note. I think I could get a better price. If this is all they are worth, I was just thinking of just spending them. I will save some of the best notes for my collection, but I saved up too many hundreds and don't think I need that many as it ties up a lot of money. I also have a few $1000 bills, but sold them off for about $1,200 to other people who wanted them. But I find that saving so many high denomination notes in my collection is just tying up too much money. So I'm cutting down on the number I am putting away. One thing I must say is collecting CDN paper money for a hobby is very expensive. Especially the deposit box fees you have to spend every year to store the collection and the face value of all the notes. I want to know how much the notes are "really" worth. I just think the value to coind dealer was offering to buy them was way below their true value. Thanks.
friedsquid
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« Reply #1 on: March 01, 2011, 01:41:24 pm »

I assume you have a catalogue and know if you have any of the higher valued prefixes.
As for dealers they obviously want to make a profit and want to pay as little as possible for the notes. Then again it may not be a fast moving item that is in demand so for them to pay a few bucks over face and have them sit around won't cost them anything..
I would suggest putting them on the Trading post and see if any collectors here are interested in what you have to offer. You never know what will happen and you may make someone happy and make yourself a few more bucks than a dealer will pay...
Only a suggestion..
FRIEDSQUID



Always looking for #1 serial number notes in any denomination/any series
alvin5454
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« Reply #2 on: March 01, 2011, 02:34:05 pm »

If you can, retain the best ones for now, at least. Collector interest in the multi-colour series at the moment seems to be mininal and therfore values are declining, except for the highest grades of the most scarce replacements. Interest in this series will at some point be revived as collectors complete other series or newer collectors slowly slide back from journey and bird issues. I don't think your dealer is necessarily being overly low in the offer, but rather being realistic that the notes will likely be sitting for a while...
mmars
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« Reply #3 on: March 01, 2011, 09:09:05 pm »

d-polo, you are right about a lot of things you said.  High denomination notes tie up a lot of face value that could be used for other purchases.  That's why high denomination notes have a poor track record for investment.  Many people who saved 1954 series $100 notes in less than Unc condition back in the 1960s and 1970s are finding out that they would have been better off doing just about anything else with those notes than keeping them because of poor returns.

Having said that, it's true that the multicolour series is really low in demand right now.  The catalogue values for $50 and $100 notes are not very realistic.  So, now is a good time to be buying multicolour notes provided you're buying at real market levels, not at full catalogue price.  I don't know if there will ever be a "good time" to buy 1975 $50 and $100 notes because they could suffer the same fate as the earlier 1954s and prove to be a bad investment no matter how long you keep them.  I would recommend getting rid of the AUs at least.  What the dealer offered you is fairly realistic.  Add to seller woes the fact that putting a $100 note on ebay costs about $15, meaning he has to sell the note for about $115 to break even.  This is just one more reason many people don't bother with high denomination notes.

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