"BOCA RATON" is this for real ?

today a lady came in with some of these notes her son got off e-bay she thinks he paid too much for them and wanted me to buy them off her as i don't know small notes i gave her 2 bucks per note (she had 5 all in order) i did look on e-bay for these notes and there is alot of sets and i was thinking of buying some more if what they said is right here is what they have put on them is this right ??? they do have this peddgrade on the notes any help would be nice as long as you don't big aganst me
The Boca Raton hoard is simply a group of low number notes that should not exist. It is the policy of the Federal Reserve Banks to destroy the lowest serial numbers except when they themselves want to sell them directly to collectors. This fantastic group was inadvertantly released in Boca Raton Florida.

 

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There's a sucker born every minute.

 

Paper money collectors may hate me, but I have always wondered why the Fed or the BEP does not simply keep serial number 1, and other desired serial numbers and sell them to the public. I seem to remember 1 sells for good money, why not sell them at high prices to the public, and let the taxpayers benefit?

 

??????

 

if you are right then is PCGS in on this too as they do put "boca raton run on the lable of the note
http://www.ebay.com/itm/330653754641?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649
thanks for your info

 

Wasn't it a couple of years ago that a young man received some $2 "Bicentennial" notes from a relative issued with San Francisco serial numbers 00000001 & 00000002? They sold at auction for something like $29K & $9K respectively.

Chris

 

I know that in Britain the issuing authorities be they a Scottish bank or the Bank of England do in fact hold the lowest S/N notes and auction them off for charity.

 

well as this post has been up all day now and not many have said much it makes me think of only two things as one said "a sucker is bron every min" it may be a scam and as i do see PCGS has put on the lable of the note "BOCA RATON RUN" they too would have to be in the scam as i would think they would be the ones to check and recheck things like this. so i will rethink about the other notes i have from PCGS ??? are they scams also???
or it makes me think that there may be something to this and no one wants to let on about it so no one will bid on them but i would think that if that was it and you talk about it and tell want you are thinking other may not bid with you on some sets makeing it so you can get them cheaper.
but still i wonder why no one has said more about this good or bad it is like they don't want others to know about it
wounder why ?

 

PCGS will put just about anything on the label about the origin of a note if you ask them. You will see things like "Hotel Buyers Hoard", Waikiki Hoard, Wailua Hoard, etc. It is all marketing. It does not make the notes in the holders any more scarce. Whether it makes them more desireable is up to the buyer.

Neither the FED nor the BEP retain notes with serial numbers with four leading zeroes. Those are released for circulation.

 

They will also put your own last name on them, like "The Jones Collection" or "The Smith collection". You pay for it to say the least, but they will do it.

 

Exactly. I knew my suggestion wouldn't be thought of highly by some, but by now a lot of the desired S/N's are known, and especially the best ones I would prefer the money go to charity and/or the Federal debt.

 

you know they would need to appoint some czar to do the sales. pay him $165,00 a year with full pension after a day of employment. he will send the notes to his kid's new auction house. all notes will be sent raw. then graded by the kid's sibling who will charge 10% of the value. the auction house will then short hammer the sale to a friend that sells the notes for a greater amount.and after all that any net amount will buy 2 bombs...rob

 

i know this is ture as i do have some from the rickie's collection and i have seen some from a hoard as i do have some from the "hole in the wall hoard" but did not think they would mark it as a kind of run as the BEP has never made runs like that i don't think (i may be wrong) but to mark it as a kind of a run would make it sound like it has more value to it still it dose not say much for PCGS to do this just because some one asked for it

 

The "Boca Raton Run" is Jess Lipka's offering of 11,900 PCGS graded Series 2006 Atlanta $1 FRNs, consecutive serial numbers F00000101 to F00012000A, most graded between 64PPQ and 66PPQ.

 

I should add that, personally, I don't feel the pedigree of "Boca Raton Run" is a misrepresentation, scam, or "sucker born every minute" scenario — Likewise, I do not feel that it is improper for PCGS to indicate the pedigree on the label of the graded note.

Jess did the same thing with two bricks and choice serial numbers from the next 10 bricks from a group of notes exported to, then imported from Panama. Someone in Panama bought these bricks and sold them to a dealer who subsequently sold them to Jess. He graded them and chose a pedigree of "Panama Run" and had them graded by PCGS and CGA.

They're good quality, low serial number note. In the end, does the pedigree really matter — Buy the note, not because its from a "run", "hoard", or "collection".

 

I wonder how the someone in Panama got on the call list from the someone inside BEP, clandestine but perfectly legal I guess. It does show you how big money works within its own network and has its privillages. But then again, who else could afford to do this but a big player with deep pockets? If the bills went into circulation, they would become common currency. Keep them as a brick, grade them, give them a name and they are worth more money to the smaller collector. I'm sure the information wasn't sent to a local business man by a phone call from the guy who runs the printing press at the BEP. IMHO.

 

clay i have to disagree with you on this or one part i should say i feel it is wrong to mark it as a type of run as there is no type so to me that is missleading. But i do like it if it is marked as a "Hoard" or "collection" as that gives me the history of the note and to know where it has been and where it came from is good to know.
i did not know this was something that was held by jess lipka in fact i did not know the name and had to goolge it and it came up as he is the cheif greader at CGA (wonder why then are all his notes in PCGS holders ) or was at CGA. and some others talk forms have said he is now with PCGS
But anyway i do not like that PCGS will put anything as a pedigree as long as you pay for it. and as i see what these notes are going for i can see it dose maen alot more bucks for a note.

 

I think you are looking for a conspiracy where there is not one. The BEP delivers the notes to the branches of the Federal Reserve Banks as direected by the Fed. They are sent in packs to the Fed. The Fed sends them to their member banks in packs. The fact that these notes were discovered at a bank in Panama is not significant. It could just as well have been in Boise or Peoria.

The numbers on these notes are not low enough to have been retained by the BEP or the Fed. I have pulled notes with 4 leading zeroes out of circulation. The only thing that makes these "special" is someone at a bank pulled them as packs. The fact that they found their way to one of the largest dealers in US paper money is also not surprising. It is possible that they changed many hands before coming into his possession.

 

I ordered 10 of them on 1/18/12

I saw these on eBay and I used her buyitnow auction but sent a best offer. The buyitnow was 19.00 each and my best offer was between 9-13 but don't want to say. I got ten and love them.

 

lettlow;

A conspiracy no, a little like insider trading? Maybe.