favorite "money"

They are legal tender, but I believe ther banks are not allowed to recirculate them if they are deposited. They are supposed to forward them to the Federal Reserve as they are retired.

Indeed they are always legal tender. One of the stated policies of the US Government is that all money printed or coined never loses its face value. In fact the government goes to great lengths to tell the public is when there is a design change in the currency. There are always announcements that the "old money" is still good.

In fact, my 25-cent notes from the civil war era are still worth 25-cents at the bagel shop... but even in its poor condition I think it will fetch $10 on ebay.

US currency is never "demonetized." (uinlike casino chips -- LOL)

The seller paid $28,900 for this chip about a year-and-a-half ago...

One Dollar Showboat Casino Chip

Does anyone hear own any of the Morgan or Peace dollars from the Ted Binion hoard? I thought about picking a few up but I wonder if they will hold the premium value they have over years to come or if they will end up worth no more than if they had been owned by John Doe.

I almost bought one but there was a seperate fee involved that bought the price much too high.

I was so surprised on one of my first visits to LV 20 years ago that $50 bills were nowhere to be found. I was told by a cashier they were bad luck. And that still doesn't make any sense. You have only about three denominations of any use and, on a whim, decide to disregard one of them!
A few years ago on the way back from Hong Kong, I was exchanging HK dollars for U.S. currency and was amazed how many U.S. $2 bills I was given. I could've had even more had I requested them.

Tim

A company called Goldline in Santa Monica had the exclusive on the Binion silver dollars... they are still selling some but there might be others on the resale market now.

Here is the link to Goldline's website about the Binion dollars:

https://www.goldline.com/coins-binion-collection-silver-dollars

Goldine is not "cheap" and known to big markups. So shop around.

Wow boborme, I had no idea collectors would pay that much!! I know nothing about rare casino chips. What's the story behind this one? thanks.

Unless that's a Confederate note...............

Confederate money is not and never has been US currency. Most confederate money states it will be redeemed in gold a number of months after the conclusion of a successful peace agreement between the two countries. The United States never recognized the Confederacy as anything but a rebellious insurrection, so there was never a peace treaty. There was a surrender, and an amnesty, but no peace treaty, per say.
Whats intersting is that the Southern Cotton Growers issued their own money, to be redeemed on gold back by cotton stocks, payable one year after the US Naval blockade was lifted. I'm not sure why those bills were never honored.