Really nice find! I would hold onto it- last time I saw a 1950 $100 was last year. https://www.cointalk.com/attachments/img_2779-jpg.831347/ It seems that there are quite a few 1950 $100 notes still in good condition, so, they don't appear to have very much value over face.
Another note- your bill isn't 69 years old yet. USPapermoney.info claims that 1950B $100s were delivered to the Fed. Reserve from Sept. 1957, and Dec. 1960. So, your note might be 59/60 years old. Anyways, surprising that it's not very circulated.
Recently I was standing by the bank teller when a gentleman standing by the next teller asked to replace some of the $100 notes you pictured with newer ones stating that some European banks wouldn't accept those older notes. Don't know the truth of that but I've tried to deposit some in the newer ATM's and they were rejected. I had to go to the teller's window to deposit them.
It's quite true. Merchants, currency exchanges, and banks abroad typically only accept the most current design. In 2014, I went to Japan on a study abroad program. One of the fellow participants of the program brought along a $100 note from 1974 and tried to exchange it but was refused. Lucky for him I traded the $100 bill with a 2009-dated note that I had with me. I ended up using it to buy stamps at a post office when I returned from the trip. As a side note, there are thousands of US notes being held abroad (typically small face pre-1996 notes) that essentially sit idle in private hands because currency exchanges and banks won't take them because they are of an older design. Only when a friend, family member or owner of the notes makes a trip to the U.S. are such notes able to be used or exchanged.
Looks in decent shape, however that stain on the front kind of affects the Eye appeal and over all value.
Spend it, too much money tied up in face value for a note in average circulated condition. It will do nothing but depreciate in value... neat find but a curiosity only.
Since they don't have the modern safety features, the ATMs (and many banks that don't see them every day) can't accept them.
I believe these bills carry a small premium. (If you are not selling on EBay with fees and shipping.) $105- $110 to the right buyer.
I'd keep it till something better comes along. Possible trade for something u want. But hey, that's just me. Lol
Why would this bill carry any type of a premium ? begs the question, if this note Was in gem condition i would say yes, however this one has condition issues that would wipe out any type of a premium.
Take that $100 and buy some real collectible currency that will maintain value - heck, watch for decent deals on large size silver $1 notes, they'll hold their value and appreciate slowly, as opposed to this note, which will devalue over time since the entirety of it's worth is in face value, not in collectibility.
https://www.uscurrencyauctions.com/$100-us-currency-value-price-guide.htm Circulated $100-$140 I stand by my $105-$110.
Price guides are just that, a guide, the bottom line is something is only Worth what someone is going to pay for it, for me it would only be Face, that nasty stain on front makes this note very unattractive And if it was in my collection would be a filler at best, just my two cents.
I'm surprised it doesn't have a mark on it from the currency markers because some millennial couldn't tell if it was real.
Those millennial currency markers typically fade completely away after about three days. If they didn't I'd surely see their handy work a lot more often than I do. I think some posters are overthinking things with this one note. Yeah, it's $100 but its value is in the eye of the beholder. To your average Colombian, for example, $100 represents about 10 days worth of work. To your average middle class American, $100 won't break the bank. If the OP wants to hang onto the note and grow old with it, I say more power to him.
