The Greensheet

The monthly Greensheet provides currency dealers and collectors with the ONLY WHOLSALE BID prices for collectible U.S. Currency. Notes are priced in the most popular grading ranges most often used by currency specialist from VG (Very Good) through GEM CU (Gem Crisp Uncirculated).

Collectors new to currency are usually quite surprised to learn that for much of its history, the U.S. has had different Types of currency circulating side-by-side. In the decades following the Civil War, separate Acts of Congress created separate classes of currency. Each came with their own special characteristics, and some even had limitations on how they could be used as money!

The Greensheet provides prices for the Demand Notes of 1861; the U.S. Notes (Legal Tender Notes) of 1862 through 1923; Compound Interest Treasury Notes of 1863-1864; Interest Bearing Notes of 1861-1865; Refunding Certificates of 1879; large-sized Silver Certificates of 1880-1923; Treasury Notes (Coin Notes) of 1890 1891; the three different issues of National Bank Notes of 1875 through 1902; large-sized Federal Reserve Bank Notes of 1915-1918; Federal Reserve Notes of 1914-1918; National Gold Bank Notes of 1870-1875; and Gold Certificates of 1882-1922.

Before the Bureau of Engraving and Printing (BEP) began producing our current size of paper money in 1929, Americans were accustomed to both larger and smaller sized currency. All of the Notes listed above were of larger size than used today. U.S. Fractional Currency, representing denominations of 3¢, 5¢, 10¢, 15¢, 25¢, and 50¢, were much smaller than our current Notes; Fractionals were issued as a result of the coinage shortages during the Civil War, and started as a variant of postage stamps! The Currency Dealer newsletter reports on all the Notes produced during the five different emissions of Fractionals, 1862 through 1876. Fractionals are also avidly collected because they are the only official emissions which have widely-available Proofs (as in Printer's Proofs) and Specimens (Special Printings). The CDN lists prices for the specimens as well as the regular issues.

In the Small-Size series, the Greensheet lists prices for Legal Tender Notes, 1928-1966; Silver Certificates 1928-1953; the R&S Experimental Silver Certificates of 1935; Small-Size U.S. Bank Notes and National Bank Notes of 1929; Federal Reserve Bank Notes of 1929; Federal Reserve Notes of 1928-1950; the World War II Emergency issues for Hawaii and North Africa; and the Gold Certificates of 1928.

The Greensheet bid prices are derived from two primary sources: public trades of United States currency, primarily via auction results, and anecdotal dealer information. Whereas United States coins have a tradition of dealer bids posted on electronic trading networks and buy sheets, the currency market relies more on auction results and specialists. We are in regular contact with the major currency buyers in the market.

CDN Publishing takes this data, along with market knowledge and dealer experience, and derives a wholesale price that in theory a paper money dealer would pay another dealer for a given note. Importantly, notes with problems, such as tears, pinholes, graffiti, or missing pieces will trade at a discount, sometimes significantly so.

The Greensheet wholesale bid prices are for problem-free, clean notes. It is expected that retail transactions will take place at a price above the Greensheet wholesale bid price.

SERIES	GRADES COVERED
Continental & Colonial Currency	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Large Size Notes
Demand Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63
Legal Tender Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Compound Interest, Interest Bearing & Refunding Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65
Silver Certificates	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Treasury (Coin) Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
National Bank Notes (by type)	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Federal Reserve Bank Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Federal Reserve Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
National Gold Bank Notes	VG8, F12, VF20, VF35, XF40
Gold Certificates	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Small Size Notes
Legal Tender Notes (Including Star Notes)	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Silver Certificates (Including Star Notes)	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
National Bank Notes (by type)	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Federal Reserve Bank Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Federal Reserve Notes	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
World War II Emergency Issues	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Gold Certificates	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Fractionals
Fractional Currency	VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, VCH CU64, GEM CU65, GEM CU66, SUP CU67
Fractional Proof & Specimen Notes	CU60, CU63, VCH CU64, GEM CU65, SUP CU67
Military Payment Certificates
Military Payment Certificates	VG8, F12, VF20, XF40, AU50, CU60, CU63, GEM CU65
Replacement MPCs	VG8, F12, VF20, XF40, AU50, CU60, CU63, GEM CU65