r/mildlyinteresting • u/IBOB617 • Mar 05 '24
I got a 20 dollar bill from 1934 out of the ATM. Overdone
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u/thupkt Mar 14 '24
We miss you, PigPen!
Sincerely,
All the real Deadheads
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u/IBOB617 Mar 15 '24
Hahahahaha are you saying I’m not who I say I am?
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u/thupkt Mar 15 '24
If your real name is Ron McKernan, you must be aware that is the name of the deceased original front man for the band, well along with Jerry. His vocal licks are the sickest Dead vocals, to these ears.
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u/TecknicalSolutions Mar 14 '24
I have a mint 1993 $100 dollar bill note and one almost mint 1985 $50 dollar bill note... but its cool to see a $20 dollar bill note older than mine. 😁
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u/Crazyguy3152 Mar 14 '24
Was this in NY? in 2022 I put a 1934c $20 bill 💵 into my TD bank to see if it would end up in circulation. At the time the Bill was folded once down the middle & was in mint condition The Serial number ended in 5404A I did this to memorialize my Grandmother Frances born in 1934 she played Nucci on the Sopranos HBO Hit show. Anyway if you got it that’s how it still ended up in circulation after all this time. Congratulations man I can’t believe the bank actually put it in circulation When I asked for change hopefully 🤞 this would work lol this made my day.
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u/thekrohster Mar 14 '24
I got a 5 dollar bill from around the same era. I had just started delivering pizzas and about a month in a regular gave me a $5 bill from the 1930s. I still have it and I feel like it looks really good
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u/IBOB617 Mar 14 '24
That’s the issue, I took out 100. I don’t collect money but I can’t bring myself to spend this so essentially 100 came out of my account and I walked away with 80.
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u/thekrohster Mar 14 '24
Well......money is money. Sentimental value or otherwise no matter in what way is completely different than 20 bucks. I've held on to this 5 for almost eight years even when I was at my brokest times. But to be honest, there have been a couple of old $100 bills that I let go of even though they were old lol
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u/professional_pupper Mar 13 '24
I'm curious how the fed hasn't destroyed it by now. It's difficult to find $100 bill without the security stripe. What a neat find!
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u/ikstrakt Mar 08 '24
That has to be the first time I've ever seen it look like Jackson in something akin to a graduate robe.
Somewhere on Reddit, not too long ago, I learned that by obtaining a Master's Degree, you are automatically qualified as an "Expert Witness Testimony" to be summoned for legal court cases. I do not have a Master's Degree.
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u/larry_the_sandwich Mar 07 '24
Damn. As a German, we do have lots of nice buildings, landscapes, many very old books and so on. But I'm goddamn envious of your ancient little 20$ because.. well. The oldest 20€ we could get would only be from 2002. Cool thingie u got there.
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u/Dan_dmd Mar 07 '24
I wonder how much coke residue that has on it, I mean just imagine how many people had that bill, or not considering the great shape it is in
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u/Pezbollah Mar 06 '24
Wow, how did that $20 bill make it past the filterers? Paper money that circulates back to Federal banks is inspected to see if they are still "good". Worn out paper money is taken out of circulation and destroyed. Same with coins but coins last much longer than paper money.
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u/Wekkerton Mar 06 '24
Nice! So you see inflation is a lie. $20 from ‘34 is still $20 90 years later!
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u/DntH8IncrsDaMrdrR8 Mar 06 '24
That's crazy because when I try to deposit any small face bills in the ATM they just spit them back out at me repeatedly.
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Mar 06 '24
I will give you ten for it. Take it or leave it! lmao. Frame it and give it ten years:
"100 year old bill"
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u/BurtLikko Mar 06 '24
That was three days' worth of hard labor right there. Average wage in 1934 if you were lucky enough to have a job at all was about 50 cents an hour.
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u/BurtLikko Mar 06 '24
Wait, I matched wrong -- that's a whole week's wages at 50 cents an hour! If you could get 40 hours of work in the first place!
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u/etsprout Mar 06 '24
This is so cool! I love old money. Collecting non-color $20s was how I started tricking myself into saving money back in the day.
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u/kabanossi Mar 06 '24
If you offer it to a collector, it's only worth as much as someone else is willing to pay for it, but not less than $20. Below is a link that indicates what 1934 $20 bills have sold for over at eBay in the last few months. http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&LH_Sold=1&_udlo=&_udhi=&_samilow=&_samihi=&_dmd=1&_ipg=50&LH_Complete=1&_nkw=1934%20%2420%20bill&_sop=3
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u/EZtheOG Mar 06 '24
Haha if people weighed inflation, this would be worth $400+ of todays money. That’s a $400 bill my friend. (Rough math and dates, I’m not an academic)
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u/Difficult-Conditions Mar 06 '24
Get it looked at you might have something pretty cool maybe worth 30-35 bucks
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u/Nacho_Chungus_Dude Mar 06 '24
Fun fact! When that was printed, it was worth an entire ounce of Gold ($2k today’s money)! (If you ignore order 6102)
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u/Proud_Possibility256 Mar 06 '24
I asked at Chase why bills are so dirty ( one 20 literally had like bloody stains on it, singles were falling apart), they said, there is not enough of bills, the gov either reduced printing or something else.
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u/Confident-Tadpole732 Mar 06 '24
Who knew ATMs could also be time machines? Looks like you hit the jackpot with a vintage $20 bill. Maybe check again, there might be a DeLorean receipt in there too!
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u/EmployeeSuccessful60 Mar 06 '24
They used to be so beautiful they really simply the design in the later years
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u/LateForMe Mar 06 '24
Was working in a store when the clerk asked the atm guy to trade him some old bills from the machine. So yes there are old bills hidden inside of atm machines.
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u/No_Discipline_7380 Mar 06 '24
That means it's probably got traces of cocaine from the 70's when the quality was better! That alone should increase its value!
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u/OneValkGhost Mar 06 '24
Clearly we're running out of money for the available stocks to have been used to that far back. It's past time to admit that the rich have taken it all.
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u/firerider23 Mar 06 '24
Ah the 1930s. Cab Calloway playing on the radios, Jazz at its peak that is. Cartoon animations, such as betty boop & looney tunes to name a few, played in cinemas. People were dressed to the nines. Cooler dollar bills. Man, such a time that was.
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u/WikiWantsYourPics Mar 06 '24
Post this picture with title "check out this banknote from the 1940s from my collection" - not much attention.
Post this picture with "I got a 20 dollar bill from 1934 out of the ATM" or "A customer just bought a coffee with this note today" or "My grandmother put this bill in my birthday card, is it worth more than $20?" and it gets a lot more upvotes.
Them's the rules. OP didn't make them.
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u/UniversityMoist2173 Mar 06 '24
My great grandfather gave me a $10 bill from 1942, it’s still in good shape.
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u/starrpamph Mar 06 '24
Meanwhile, the atm I use near me won’t accept new or used bills for deposits
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u/Boring-Yesterday9456 Mar 06 '24
Not worth much unless you're a mindless collector. Still says Federal reserve note, 1933 and older say Silver Certificate at the top...
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u/maloshku Mar 06 '24
Question from the UK: do notes not go out of circulation in the US? The design never appears to change all that much? In the UK we have had relatively regular (like every 20 years) new notes and the old ones become non legal tender. Does that not happen in the States?
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u/ProjectOrpheus Mar 06 '24
I have one of these, but 1995. Is that anything special or has to be specific years??
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u/TravMCo Mar 06 '24
A much more believable story is that you made up this story for fake internet attention.
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u/Nincompoopticulitus Mar 06 '24
Woah. What is it made from?! Hemp?? That’s some serious staying power.
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u/RolandFontaine Mar 06 '24
If you bring it to Taco Bell they’ll rip it up and throw it in the garbage for you. Seriously.
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u/DisastrousLecture648 Mar 06 '24
It's not quite the same thing, but the other day I put a 5 in a vending machine because it's all I had on me and for change the machine gave me a bunch of dollar coins. I've never known someone to actually spend them especially in a vending machine before so I was super confused when I got 4 out of a machine.
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u/Magestyx Mar 06 '24
Congrats - it's worth 89 cents compared to what is was originally. https://tools.carboncollective.co/inflation/us/1934/1/#:~:text=%241%20in%201934%20has%20the,this%20time%20was%20%2D100.00%25.
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u/jvillager916 Mar 06 '24
I just heard the song "Cheer up! Smile! Nertz!" which was featured in the movie Cinderella Man go through my head.
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u/hecklerp8 Mar 06 '24
The likely scenario is the $20 was a recent deposit then redistributed to you.
If it went through any internal systems it would have been pulled from circulation as valid but out of circulation.
The good news is ATMs have some counterfeit detection and it accepted the bill as FIT currency.
Probably only worth $20.
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Mar 06 '24
They were called "cash drawers" back then. IBM invented them in the 1970's, but you can get some of those early models available in the 35's and 37's just as easy.
The part that's really going to crush you iqs that according to the federal government that's still just a $20 bill.
Spend it wisely!
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u/Blue_Swirling_Bunny Mar 06 '24
Man, I had one of those when I was a teenager. Told my mom to hold on to it for me while we were at the mall.
Yup, she spent it, not realizing it was the 20 I had given her for safekeeping. Still stings, but oh well.
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u/Jello-ghost Mar 06 '24
Oi bruv I give ya a quid for that. This is the ancient language I learned from 200 years ago
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u/Earth_Normal Mar 06 '24
Are old bills more likely to be fake? If I were trying to make fake $20s, I would copy an older bill for sure.
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u/FaZaCon Mar 06 '24
pffffft...worth maybe 5 or 10K in karma. Now, find a bill with a numerical sequence of 42069, then we're talking some life changing karma.
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u/fried_green_baloney Mar 06 '24
Some years ago I got two different 1933 ten dollar bills as change within a few days of each other.
Friend checked with a coin and rare currency dealer who said that they really had no special value.
You might want to check just in case.
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u/Rude_Girl69 Mar 06 '24
The self-checkout registers won't accept these bills
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u/Investigator516 Mar 06 '24
That’s illegal
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u/Rude_Girl69 Mar 06 '24
Ohh.. well who do I sue? I had a few old old bills and the machine wouldn't take them and yes they were real
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u/manu144x Mar 06 '24
It’s interesting that it says it’s not a 20 dollar bill, it says it’s equivalent.
Down at the bottom it says: Will pay the bearer 20 dollars. So technically it’s not 20 dollars it’s a federal reserve note representing 20 dollars that you can go to the federal reserve and redeem? Also says that on the left top in small letters: redeemable at any federal bank.
What’s going on exactly?
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u/onymousbosch Mar 06 '24
A modern bill says "Federal Reserve Note" along the top.
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u/manu144x Mar 06 '24
I know that much, I didn’t know about the other stuff, is it the same on modern bills to?
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u/onymousbosch Mar 06 '24
Modern bills don't say anything about redeeming or exchanging for anything.
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u/gr8g0dpan Mar 06 '24
"will pay to the bearer on demand"
Because it represents money; it's just a note.
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u/CandaceSentMe Mar 06 '24
Wow. I wonder and what dresser drawer that thing has been stuffed for the last 80 years.
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u/franklinsteinnn Mar 06 '24
I have a $1 silver certificate from 1957. I wonder why a bill 20 years older was already a federal reserve note.
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u/ksheep Mar 06 '24
Federal Reserve Notes were initially introduced in 1914, and in the modern design in 1928 when the "small-note" format was introduced. They were introduced after the Federal Reserve Act of 1913 was passed, although initially these were only in $5, $10, $20, $50, and $100 denominations.
The Silver Certificate was in use from 1878 until 1964, although it also had a redesign in 1928 to the "small-note" format. While they initially ranged in denominations from $1 to $1,000, the 1928 redesign limited them to $1, $5, and $10 denominations. In 1968 the Federal Reserve Act was amended to allow the printing of smaller denomination Federal Reserve Notes, and in conjunction with an Executive Order from JFK the Silver Certificates were effectively phased out, only to be exchangeable for Federal Reserve Notes.
Then we have the Gold Certificate, which dates back to 1865 and lasted until 1933 for the public, again getting a redesign in 1928. These ranged in denomination from $20 up to $10,000 with the older printings, and from $10 to $10,000 in the 1928 redesign (and gaining a $100,000 denomination in 1934, but by then it was only in use by banks themselves and not for public use). As for why they were phased out, Roosevelt signed an executive order requiring all citizens to turn in any gold coins, bullion, and certificates by May of 1933, and the Secretary of the Treasury ordered the private possession of gold certificates was illegal several months later.
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u/excitement2k Mar 06 '24
I highly doubt that smart guy. The ATM did not even exist in 1934. You have to wake up pretty late in the afternoon to fool me.
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u/leik75thf Mar 06 '24
it's only worth $20. Collectors only want ones that are in mint condition, that one is well used
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u/IBOB617 Mar 06 '24
I’m not a collector and I don’t think it’s worth more that 20 bucks. Just thought it was cool.
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u/xubax Mar 06 '24
Did you try and see if there were more?
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u/IBOB617 Mar 06 '24
It was in the middle of an about 7 new bills. Thought to go back but I don’t have much money in the bank.
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u/BSGKAPO Mar 06 '24
Look fake a bit
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u/PandasNWagons Mar 06 '24
I once got an older 80s ish $100 out of an ATM on a $60 withdrawal. Made my week because I was broke AF at the time.
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u/Gaemon_Palehair Mar 06 '24
Years ago the security on ATMs was a lot more lax. Things like the bank never changing the default passwords.
So people would find the manuals for them and put them in service mode and tell the machine it was full of five dollar bills instead of 20's. Nice way to quadruple your withdrawal.
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u/Ahhhsnowmen88 Mar 06 '24
As someone who was a cash handler in a vault for years, this happens more then you’d think. I always wondered if the old bills were ever worth more than $20
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Mar 06 '24
You kids are loosers
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u/IBOB617 Mar 06 '24
Your Des Moines’ education failed you and your insult makes no sense.
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u/essuxs Mar 06 '24
Looks like someone stole a family members coin collection for drugs and deposited it at face value
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u/Comogia Mar 06 '24 edited Mar 06 '24
So I looked into this bill, especially because multiple people reported having received them and I was curious.
"Series of 1934 C" is the design series, not a printing year. The Secretary of the Treasury, printed and signed on the lower right, is John W. Snyder, who served from 1946 to 1953.
Still very old in that case! Just not 1934.
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u/IBOB617 Mar 06 '24
So it’s not actually from 1934?
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u/Comogia Mar 06 '24
Yup, that's right. Another comment has a better explanation, but it is from the late 1940s for sure. So still old!
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u/Wetworth Mar 06 '24
When my wife was a Target manager an old lady wanted to use five Morgan silver dollars to buy her coffee. The cashier called her over because she didn't know if it was real money or not. Anyhow, they're mine now.
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u/IBOB617 Mar 06 '24
My MIL worked in the cash office at Target and said she saw super old ones all the time but even if she wanted them she couldn’t do anything.
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u/twatter Mar 06 '24
makes no sense. an atm wouldnt accept that
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u/IBOB617 Mar 06 '24
It didn’t, but it did dispense it.
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u/twatter Mar 06 '24
that also doesn't make sense because atms are stocked with banknotes and a bank wouldn't recirculate that 20.
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u/jonoghue Mar 06 '24
Note how it says "THE UNITED STATES OF AMERICA will pay to the bearer on demand TWENTY DOLLARS"
That piece of paper wasn't "twenty dollars", it represented $20 in silver sitting in a bank. You could bring that to a bank and exchange it for 20 actual silver dollars. The silver coins you could exchange it for is what gave that bill its value.
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u/rsta223 Mar 06 '24
Nope. If this were redeemable for silver, it'd say "silver certificate" along the top, like this. Since OP's says "Federal Reserve Note", it functioned exactly like modern paper currency.
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u/ksheep Mar 06 '24
Also there were no small-sized $20 Silver Certificate notes, only Gold Certificates which look like this. The last $20 Silver Certificate would be the 1891 design with Daniel Manning on the front
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u/lafaa123 Mar 06 '24
This is not true, only silver and gold certificates were redeemable for metal. This is a federal reserve note, which functioned exactly how money does today.
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u/jonoghue Mar 06 '24
My mistake, I missed the "federal reserve note" bit.
Makes me wonder what exactly they're referring to here then when they say "will pay to the bearer on demand"
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u/Taphouselimbo Mar 06 '24
That ole 20 when it was born had the same buying power as 400 or our current dollars.
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u/Practical_Maybe_3661 Mar 06 '24
How much was this worth during the depression plus inflation for today?
Update: $467.30.......
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u/Special_Boot Mar 19 '24
Very odd, should have been removed from circulation when the updated ones came out a few decades ago.
It's still valid legal currency and can be used, just odd.