Federal Reserve Note

[geewhzz]

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.

[Rodebaugh]

Yeah I would do the same.

Is it worth a bundle? Prob not..... but hey it sure is cool.

[AGgressive Metal]

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.

[geewhzz]

it's not in any good condition, just thought it was a cool find.

[AGgressive Metal]

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?

[Devil Soundwave]

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

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...

[geewhzz]

us didn't really leave the gold standard until the 70s

[AGgressive Metal]

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

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.

[geewhzz]

hey guys,

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

http://cgi.ebay.com/1934-Series-C-Ten-D ... 0758342589

[AGgressive Metal]

$12.50 with 4 days to go - I'd say it already has panned out in your favor!

[Know Common Cents]

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.

[geewhzz]

well it sold for 24.50$ so some buying power was kept

[PennyBoy]

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.