Bank Wrapped $2 bill question

Discussion in 'Paper Money' started by gbroke, Nov 22, 2010.

  1. gbroke

    gbroke Naturally Toned

    Two questions:

    What is the significance of the stamp on these?
    Also, these are all in sequence except for the first one.. does that have something to do with the stamp? or why would that be?

    twos.jpg
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. krispy

    krispy krispy

    They have been "cancelled" in the year of issue for collectors in much the way souvenir cards (see example below) of reprinted notes and stamps are for collectors at various numismatic or philatelic conventions.


     
  4. Numbers

    Numbers Senior Member

    April 13, 1976 was the first day of issue for the 1976 $2 notes, so plenty of them were postmarked on that day. Plenty more were postmarked on July 4, 1976 to commemorate the Bicentennial.

    As for the rest of the strap, I have no idea why one note would be missing. It's possible that some collector pulled out a star note or fancy serial number and then replaced it with this stamped note in order to keep the count accurate....
     
  5. gbroke

    gbroke Naturally Toned

    Would this bunch be more valuable than any other bunch of uncirculated sequenced ones? because of the stamp?
     
  6. krispy

    krispy krispy

    Like anything else, with the stamp to the right collector it might be worth something.

    However, there are an awful lot of $2 Series 1976 notes out there.

    Without the stamp, the only ones worth much could be those with a fancy SNs. Which note is missing? Did it happen to be one with a fancy SN?
     
  7. desertgem

    desertgem Senior Errer Collecktor Supporter

    This was once a real collecting situation in philately, but along with collecting sheets, it has shown over the years to be of little value. I once ( many eons ago) started collecting the $2 with different stamps, but only got to about 5 as most just used a common stamp. The thought was that these "First day of issue" would one time be more valuable. Rather like those with their "First Strike" label on coins.
    IMO,

    Jim

     
  8. Dr Kegg

    Dr Kegg Star Note Fanatic

    I have one of these from Philly and the note is Ch CU with a star. I sometimes wonder what premium I coould get for it...
     
  9. gbroke

    gbroke Naturally Toned

    I don't know, but the * would add value I would think. I did see a pack just like this, without the stamp thing, go for $377 on feebay.
     
  10. Dr Kegg

    Dr Kegg Star Note Fanatic

    Yeah, I think it will add value as well, but I wonder what the premium would be...
     
  11. gbroke

    gbroke Naturally Toned

    We shall see! I will be posting on ebay tonight. Along with an 8 reales from the 1715 ship wreck. I have no idea what that should bring.
     
  12. Conder101

    Conder101 Numismatist

    Most of the vlue of the first day of issue and july 4th 1976 two dollar bills really depends on where the bill was postmarked at. These things were done all over the country and most people don't care about a note postmarked in some small unknown town. The few that do generate some interest are the ones postmarked in famous locations, especailly ones that have a connection to the revolution and the fight for independence. PHiladelphia, PA especially the PO closest to Independence Hall. Mount Vernon, Valley Forge, Yorktown, one stamped at both Lexington and Concord etc.
     
  13. rounded

    rounded New Member

    I wouldn't be surprised if this act is done when the new $100 comes out in 2011 IMO!. People did it back in 76' to celabrate the new bill and Independence. To most collectors a stamped $2 bill holds more value then a star $2.
     
  14. Dr Kegg

    Dr Kegg Star Note Fanatic

    Mine is a stamped $2 star, so I hope when it comes time to sell that it is a great premium.
     
  15. gbroke

    gbroke Naturally Toned

    Well the auction ends Friday night and its at $320 right now. I had 2 people ask me to end it early for $400. Of course, I said no. So hopefully they will reach at least that!
     
  16. gbroke

    gbroke Naturally Toned

    Well I sold these on ebay. $395 in case anybody was wondering.
     
  17. Laxmaster92

    Laxmaster92 Senior Member

    They all were stamped?
     
  18. gbroke

    gbroke Naturally Toned

    no, there were a total of 101 bills. The first one was stamped, and the rest were consecutive.
     
Draft saved Draft deleted

Share This Page