1934 $500 bill

[dan53]

The guy that owns the coin shop here in town has a 1934 $500 bill. He has a price tag of $1100 on it. Its laminated and looks to be in great shape. But then I am no judge of paper money quality. Does his asking price seem ok?

[Thogey]

Laminated?

I'd say 500 bucks.

[Rodebaugh]

Let him keep it Dan. Your hard earned money is best put elsewhere.

[barrytrot]

By "laminated" do you mean in a certified holder? If so, what's the grade?

If not, that sounds insane

For reference $500's that are a crumpled/stapled/torn mess would be around $550, one with no immediately visable tears but with folds around $750 (depends on district/etc.) and then one with no folds around $1,000 (give or take).

But laminated sounds weird unless you mean graded.

[dan53]

It is laminated between two pieces of clear plastic. Rode, I ain't gonna buy it, I have spent to much money lately on silver and gold.

[oober]

Condition, district, and how low the ser number makes a huge difference in pricing. The market of bills is depressed right now. This bill for 1100, better be a decent vf not from Chicago or the other higher mintage districts.

[Copper Catcher]

For as long as I can remember you can generally get decent $500 for $550 and $1000 for $1100 if they the common ones. They are really neat bills but there is not a huge demand and you can tie up a lot of money fast.