Oh, pretty good.

I have a couple of interesting notes

I think you may be interested in.

I have a $50 legal tender note from 1880.

And I have an 1890 legal tender Treasury

note, which is also known as ornate or a fancy back.

RICK: OK, these are cool.

And they're pretty damn rare.

"This note is legal tender at its face value

in payment for all debts, public and private."

JEFF: I'm impressed that you can even read that.

RICK: I pay extra money so you don't

see the line on the bifocals.

[laughter]

JEFF: The notes I'm selling are very high grade.

They're very collectible.

The cool thing is the notes are really portable artwork.

You can take them and show them to other people.

I'm looking for $35,000.

The least I'm willing to take for them is somewhere

between $20,000 and $25,000.

RICK: These things are great.

These were precursors to the Federal Reserve,

more or less, to our modern money.

These were not backed by anything.

They just printed them.

But what gave them value is is you could pay taxes with them.

And if you didn't pay taxes, they take everything you have

and throw you in jail.

I hear that.

RICK: So where did you get these?

JEFF: On the internet.

I was intrigued by the backs more than the fronts.

RICK: It's a greenback.

I just love everything about these The original term

greenback came from legal tender notes,

because they always printed them with green backs.

We used to make some really, really pretty money.

JEFF: We did, gorgeous.

RICK: These bills are incredible.

These things rarely come on the market.

So I'd be shocked if one of them came in my shop,

much less two of them.

They're just cool.

How much were you looking to get out of them?

$35,000.

OK.

JEFF: $18,000 for the ornate back, $17,000 for the $50 note.

OK.

Tell you the truth, I have no idea if that's a great price

or not.

Let me call in someone to look at them

and we'll go from there. - That's fair.

RICK: OK, I'll be right back.

OK.

I really feel good about an expert coming in,

because I've been out of the market for a while.

And I think it would really helped

me make a more informed decision as to selling the notes.

Wow.

RICK: This is why I call you in when I have this weird stuff.

PETER TREGLIA: Great paper money.

These are two very fantastic items.

I could tell right off the bat, this

is an 1890 $20 legal tender.

This series is far better and more valuable

and rare than the 1891.

The government felt that it was easier to counterfeit a more

ornate back, which is bizarre.

So in 1891 it didn't have the intricacies

that this note clearly does.

A $50-- surprisingly, even though it

is a higher denomination note, it is actually

more common than this note.

Doesn't mean it's worth less or more,

it just means it's more common.

The collector basis for both notes are quite significant.

Rick, what are your questions you have with this?

OK, it's the same I have with all this old paper money.

I need to know what grade it is and, you know, what's it worth?

OK, that's an excellent question.

I'm going to use my light, because these

look to be in fantastic condition, actually.

It does have a corner fold.

I don't know if you can quite see it.

[interposing voices]

OK, so you noticed that.

But I'll put this in the class of about uncirculated.

So this $50 is quite nice, but it does look like something

fuzzy was up here, some ink or a pencil.

Someone definitely got a little creative or tried to be.

RICK: So what are they worth?

OK, the $20 Treasury note, I would

expect in auction to bring between $12,000 and $16,000.

And the 1880 $50 legal tender note,

I would expect to bring between $10,000 and $15,000

on a conservative basis.

Somewhere between 22 to 30, basically?

PETER TREGLIA: That's about right.

I think it sounds reasonable.

PETER TREGLIA: I'm glad to hear that.

Well, thanks, man.

Thanks, Rick.

Good to see you.

Some of the rarest of rare notes,

actually, is a 1890 $1,000 Treasury

banknote, that have sold upwards of nearly $3 and 1/2 million.

If Rick can negotiate a deal for both these notes,

I think it's an excellent buy.

RICK: What's your best price on them?

I'd like to get $30,000 for the two of them.

I thinking more 17.

They're absolutely beautiful.

And when they're this nice, they sell quick, I'll give you that.

JEFF: I think you can get the 30 for it.

25?

I'll tell you what, I'll pay you

at the bottom end of what Pete said, 22,

I think I'll do all right.

Fine, you got a deal.

Sweet!

Meet you right over there and we'll do some paperwork, man.

I'm taking the $22,000, because

at the end of the day, that's a number that I can deal with.

And I'm going to look for another collection.

So right now, it'll sit pretty in the bank account

until that time comes.