Originally Posted By gadzuux I went to the local IHOP today for lunch, and received a crisp $5 dollar bill as part of my change. I could tell right away that it was the older style, and something about it just caught my eye. Turns out it's dated 1950! And it's in great shape too. But I don't know if I should bother keeping it or not. I'm not a "collector" of anything of value - I've just never been inclined to it. But at the same time, I feel funny just spending something that's obviously something of a rarity. Does anyone know if this thing has any value? What should I do?
Originally Posted By RoadTrip From what I found on the net it has no significant value. I'd spend it if I were you (or you could send it to me). "Old" Federal Reserve Notes, 1928, 1934, 1950, 1963, etc. Most circulated Federal Reserve Notes from more modern series are worth no more than face value. Some of the early series notes (1928 and 1934) do carry a small premium, although for circulated notes this premium is small, usually 10% to 30%. Premiums are higher as a percentage of face value for lower denomination notes, such as $5 and $10 bills, as opposed to the higher denomination $20s, $50s, and $100s. Uncirculated notes and Star Notes of some of the earlier series do carry a large collector premium in some cases, and we highly recommend the standard reference book in this field, the Standard Guide to Small Size U.S. Paper Money (1928 to date), by Dean Oakes and John Schwartz, for more information. Source: <a href="http://www.heritagecoins.com/currency/guide.php" target="_blank">http://www.heritagecoins.com/c urrency/guide.php</a>
Originally Posted By gadzuux Thanks. Someone at work suggested giving it as a tip - that way someone else can worry about whether to keep it or not.
Originally Posted By goodgirl Or, if there is a friend or family member who was born in 1950, tuck it into their birthday card.
