I just got this one today. It's not the greatest condition, but I have been amazed at how much the Large Sized Gold Certificates jump in price from VF to XF and XF to AU... the UNC wasn't in my price range just yet. But I like it, and I guess that's the main thing, eh?
Got my first $1 US Note Funnyback yesterday at a local pawn shop for $5. Its in bad shape but I'm thrilled to own it.
Heck yeah, I'd take that one for $5 too! A nice example, especially for the first funnyback - The red seal ones were very limited in their printing - less than 2 million, though I've not heard a definite answer to the actual number printed. I've also heard through the grapevine that there were 5000 realeased in Washington DC and the rest were issued only in Puerto Rico. Nice! :thumb:
I just got into US Currency in Spring of this year, and this is what i bought between January and April. I created this web site to display it and provide some historical background (that I researched). I found the history really interesting. https://mindstar.com/currency/
Thanks! It took me a while to create that web site, but it's a nice way to display notes. Plus I can keep them in a safe deposit box and can still look at them anytime. What i found really interesting when I researched the stuff I bought was when the US created paper currency that was not backed by either silver or gold (first in 1775-1779, and again in 1861-1862) the dollar couldnt hold it's value -- and traded at a significant discount to gold and silver coins. It's really no wonder that in the time since the US dropped its backing of the dollar by silver coins in 1965, the dollar has lost a significant amount of it's value. Funny how history repeats itself.
That's a great site - and great notes, too! it's nice that you have a snippit of history and some facts along with the notes as well.
Total printage of the 1928 $1 USN was 1,872,012. The printing was originally ordered for the purpose of expanding the supply of currency in the Depression--basically, the same reason as the 1929 FRBNs. Somebody realized, belatedly, that the law didn't permit the total value of USNs in circulation to be expanded very much, so the printing of the red-seal $1's was called off soon after it had begun, and most of them (all but those first 5000) were stashed in a Treasury vault. Many years later, in the late '40s, the Treasury decided that they were just taking up space, and might as well be used--so they shipped them to Puerto Rico in the hope that few of them would get back to the U.S. mainland, where they might confuse bank tellers who were used to seeing red-seal currency in only the $2 and $5 denominations. By the way, that funny-looking unround printage number was the result of one extra uncut sheet, carrying serials 01872001-01872012, being printed after the regular production had stopped at a much neater total of 1,872,000. The records indicate that the sheet was printed, but I haven't seen anything about who got it--somebody pretty special, apparently, in order to get production reopened just for one sheet. If that sheet still exists, it hasn't been seen in a long time...but I still keep hoping it'll turn up, one of these years.
http://www.cointalk.com/t93654/#post816778 I just got into US Currency in Spring of this year, and this is what i bought between January and April. I created this web site to display it and provide some historical background (that I researched). I found the history really interesting. https://mindstar.com/currency/ This is odd.. Winged Liberty it seems you are also phubanks?? Same link same notes same website.. Care to chime in? When I read this post by phubanks back in Feb I thought, hey nice start to a collection..now I am confused?? RB Read more: http://www.cointalk.com/t115561-13/#ixzz0ynYgXGA5
That's really interesting stuff! Thank you Dave L and Numbers. Do you know if there is any way to tell which 1928 $1 USNs were the first 5000 to be issued? Maybe by Serial Number? It would be cool to know if the one I picked up was issued in the US (Washington DC?) or Puerto Rico.