Are 'out of circulation' Rubles, worth anything?

[CathrynRose]

How does "out of circulation" work?

Two Dollar bills are 'out of circulation' yet, they're still worth $2.

Any help?

 

[cteddiesgirl]

Part of the valuation depends on the demand for something and how many are still available. If a lot of people want something and there's not much of it, then the value will rise.


In the case of $2 dollar bills, not many people even know they exist. So they're really not high in value. It also depends on if they're a silver certificate. Those are worth more. Condition also is a variable.
I can't describe them to you as I know more about coins than rags (bills). But you should be able to look it up on the internet if someone else can't help you.

 

[pogo791]

How does "out of circulation" work?

Two Dollar bills are 'out of circulation' yet, they're still worth $2.

Any help?

"Out of circulation" is a bit vague. How much out of circulation?

The ruble ain't what it used to be. Today, 100 rubles is only worth about 3 dollars. Every now and then, the Russian Central Bank has taken certain bills out of circulation, and these basically have no value whatsoever as legal tender. (Which is one reason why people had to be very careful of illegal money-changers, who would try to get rid of worthless scrip.)

Once you start getting into the older rubles, then they may have some value among collectors.

(*Sigh.* I remember visiting Moscow back in the 1970s, when I was paid several hundred rubles as a lecture fee. Since I couldn't take the money out of the country, my hosts kindly opened a bank account for me. At that time, I could have bought several splendid dinners for 500 rubles; today, it will barely get me a Big Mac.)