Help !!!

Discussion in 'Paper Money' started by Arizona Jack, Jun 9, 2008.

  1. eddiespin

    eddiespin Fast Eddie

    At $1.99 for the bunch that's what I call a very gross margin. :thumb:'s
     
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  3. snaz

    snaz Registry fever

    great catch Jack! way to keep your eyes peeled! I dont recognize that ebay name though..
    P.S. envelope on the way!
     
  4. lettow

    lettow Senior Member

    Forget everything I said in my previous post since I was doing it from memory (which is nowhere near what it used to be).

    There were two issues printed for Detroit that were not issued. Detroit did issue three different series to the tune of $40,900,000.00. Only $22,019.00 remained unredeemed as of April 1935.

    The OPs notes are from the final series to be issued. There was also a $1.00 issued for this series. (Gives you something to look for.) $13,900,000.00 were printed, $12,115,753.00 were issued and $16,478.00 was outstanding as of April 1935.

    Specimens for this series are not listed in Mitchell/Shafer. The issued notes catalog at $60.00-70.00 in UNC. This was in 1984. I will still stick with my $100.00-150.00 per note.
     
  5. Arizona Jack

    Arizona Jack The Lincoln-ator

    Thank You Lettow for the time and effort !!!
    Now, what is the differance between an issued note and a specimen?
     
  6. Phoenix21

    Phoenix21 Well-Known Member

    Man, looks like you broke the 8th commandment big time, lol! CONGRATS! :thumb: :thumb: :thumb:

    Phoenix :cool:
     
  7. De Orc

    De Orc Well-Known Member

    Lovely looking notes Jack, great find very well done :hail:
     
  8. Daggarjon

    Daggarjon Supporter**

    Very cool notes Jack. Awsome find!
     
  9. lettow

    lettow Senior Member

    Specimen notes are printed for a variety of reasons. They can be produced in the set up process for printing to verify the registration of the presses. (Proof notes are also made for this purpose.) They are made as models to show the issuing agency or banks what new notes will look like. They can be made as souvenirs for dignataries or to sell to collectors.

    Specimens are not intended to circulate and have no face value. Depending on why they were made and how many were produced they may or may not be more scarce than issued notes.

    Specimens of most US notes are extremely scarce as most of them were produced for in-house use and were not intended to get out of government hands. Specimens produced as souvenirs for the general public are usually less scarce than their issued counterparts because they were never in commerce and have no face value. Czechoslovakia produced specimens of its notes during the 1920s-1940s (even during WWII). These were sold to collectors. Most of these specimens sell for under $50.00 while issued notes bring hundreds.
     
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