What is the value of series 1953b 2 dollar bill?

Answer 1

Your talking about the Red Print Bills. Seen them for sale on a well known auction website with a starting bid of $3.99.

I can tell you this, you need a up-to-date coin & bill booklet to see what they go for. The main problem here is the seller can tell you anything he/she thinks but in reality you have to know;

1: How many were printed that year.

2: Have the "Bills" your looking at been graded? Grading a bill by a certified grading company will cost more than $4.00 to grade the bill & if there were millions printed that year & your looking to buy one, well your may just have a $2.00 Bill that may take years to reach $4.00.

3: If the seller has documented proof that the bill your looking at will be or is worth more than the asking price plus remember, the seller has listing fees so maybe he found them in a dresser that was purchased & all the bills were tucked under one of the drawers!

4: Most of us, including me brows through auctions & get hit with that old I gotta buy this one. Impulse buying accounts for more than 1/2 of sales.

5: Always do your homework. Make a copy of the item your looking at, go to a dealer & show them. Cut off any parts that identify the auction site, you just want the dealer to look at the bill. All you want to know if it's worth buying as an investment or buying because you feel the need to own it.

6: Condition is everything. Make sure that they are in mint condition, if not it may effect the value of the bill & even your great grandchildren will wonder why you saved them?

Sometimes I ask if the seller will make them one lot so I can buy 10-20 or what ever they have for sale.

I'm not getting paid so I can't spend days looking up everything but rule of thumb is year, how many printed, how many still in circulation & what the going rate has been. We are in a soft market right now. Most people would pay more in a better economy & like I said, sellers on auction sites pay on an average 10% plus gas to mail if they don't print their own postage so take that into consideration too.

Star notes usually have a better return since they were used to meet demand while the errors were corrected so they didn't have to completely stop the printing presses! Errors are corrected & the money keeps printing....

Last, over 50% who read this will still buy these notes while the other 50% will either do more homework or look for real good investments.

I purchased 100 bills for face value because they are in mint condition & in order of print from the Dept. of Printing & Engraving. Mine will go into a glass covered frame of 16 bills: 4-high & 4-across. If anything they will look cool but that's me.