Federal Reserve Note

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Federal Reserve Note

Postby geewhzz » Tue Nov 16, 2010 6:26 pm

Had a lady come into my work today and pay me with a $10 1934 Federal Reserve Note. I thought it was a pretty neat find, and am most likely going to hold onto it. You rarely see these or silver certificates these days.
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Re: Federal Reserve Note

Postby Rodebaugh » Tue Nov 16, 2010 6:28 pm

Yeah I would do the same.

Is it worth a bundle? Prob not..... but hey it sure is cool.
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Re: Federal Reserve Note

Postby AGgressive Metal » Thu Nov 18, 2010 9:54 pm

1934 is pretty common, but it's a cool find even if it isn't worth a huge premium! There are magazine price guides for US paper money that you can get at most coin stores. Banknote Reporter is one but there are several others.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Federal Reserve Note

Postby geewhzz » Fri Nov 19, 2010 1:39 am

it's not in any good condition, just thought it was a cool find.
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Re: Federal Reserve Note

Postby AGgressive Metal » Fri Nov 19, 2010 8:33 am

If you think about it, 1934s being common makes sense. I'll give you a hint: what happened in 1933 that caused a lot of money to disappear from circulation?
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

http://stores.ebay.com/commonwealthcurrency
http://www.ebay.com/usr/pdx_metal
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Re: Federal Reserve Note

Postby Devil Soundwave » Fri Nov 19, 2010 9:54 am

Did people spend them all on booze after the end of prohibition? :D

Just kidding. More likely that peeps where holding onto their cash due to the economic slump wich lead to the extended bank holidays and then USA leaving teh gold standard right?

Suppose we could always blame der Germans though...
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Re: Federal Reserve Note

Postby geewhzz » Sat Nov 20, 2010 2:42 am

us didn't really leave the gold standard until the 70s
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Re: Federal Reserve Note

Postby AGgressive Metal » Thu Nov 25, 2010 12:11 pm

Devil Soundwave wrote:Did people spend them all on booze after the end of prohibition? :D

Just kidding. More likely that peeps where holding onto their cash due to the economic slump wich lead to the extended bank holidays and then USA leaving teh gold standard right?

Suppose we could always blame der Germans though...


haha thanks for taking a stab at it, but my guess is that tens of millions of dollars in gold coin and gold certificates were pulled from circulation in fdrs gold confiscation of 33. So that M0 money supply had to be replaced.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

http://stores.ebay.com/commonwealthcurrency
http://www.ebay.com/usr/pdx_metal
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Re: Federal Reserve Note

Postby geewhzz » Tue Jan 18, 2011 4:16 pm

hey guys,

decided to sell this on ebay. you can check it out here:

http://cgi.ebay.com/1934-Series-C-Ten-D ... 0758342589
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Re: Federal Reserve Note

Postby AGgressive Metal » Tue Jan 18, 2011 7:36 pm

$12.50 with 4 days to go - I'd say it already has panned out in your favor! :)
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

http://stores.ebay.com/commonwealthcurrency
http://www.ebay.com/usr/pdx_metal
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Re: Federal Reserve Note

Postby Know Common Cents » Wed Jan 26, 2011 10:48 pm

Even though it's not a silver cert, just imagine what a 10 spot could've purchased in 1934. First thing that comes to mind would be 200 Hershey bars (with almonds, please) at a nickel each.

Lowest price for gasoline I ever paid was in Milwaukee, WI, in the pre-oil embargo days. (Look that up if you're too young to even know what I'm talking about. Quite a crazy time, actually.) Price was $0.239 per gallon. That's something like 41-42 gallons for the tenner.

So..............that 1934 relic will still buy you gas and Hersheys. If you're lucky, though, perhaps 3 gallons and 1 Hershey bar. That's really sad when you think about it.
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Re: Federal Reserve Note

Postby geewhzz » Thu Jan 27, 2011 11:49 am

well it sold for 24.50$ so some buying power was kept ;)
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Re: Federal Reserve Note

Postby PennyBoy » Wed Feb 16, 2011 4:27 am

geewhzz wrote:well it sold for 24.50$ so some buying power was kept ;)


My guess is that it went for that much because the serial number on the left is in the signature below it. Otherwise, it may have just gone for 12 or 13, however, I could be totally wrong. Good Job on your auction.
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