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<p>[QUOTE=&quot;ewomack, post: 25263998, member: 15588&quot;]Interesting, I have not heard this before, but that might explain their relative high prices. <a href="https://www.papermoneyforum.com/post/1928-1-red-seal-puerto-rico-note-8608869?trail=25" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.papermoneyforum.com/post/1928-1-red-seal-puerto-rico-note-8608869?trail=25" rel="nofollow">Another forum</a> had a discussion about these notes and one of the posts said:</p><p><br /></p><p>&quot;<i>It is my understanding that the 1,872,012 Series 1928 $1 USN&#039;s which were printed in 1933 were not released into circulation until the recession of 1948 - 1949, and then were mostly released in Puerto Rico to avoid sorting problems at the Federal Reserve Banks on the mainland.</i>&quot;</p><p><br /></p><p>The &quot;Red Book&quot; of US Paper Money, the only US paper money book I have, makes no mention, at least none that I can find, of Puerto Rico and the 1928 $1 Red Seal. So I&#039;ve never heard any of this before.</p><p><br /></p><p>A little more searching and the <a href="https://en.wikipedia.org/wiki/United_States_one-dollar_bill" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/United_States_one-dollar_bill" rel="nofollow">US $1 Wikipedia</a> says:</p><p><br /></p><p>&quot;<i>In 1933, Series of 1928 $1 United States Notes were issued to supplement the supply of $1 Silver Certificates. Its Treasury seal and serial numbers were red and there was different wording on the obverse of the note. However, a month after their production, it was realized that there would be no real need for these notes and production was stopped. A small number of these $1 bills entered circulation and the rest were kept in Treasury vaults until 1949 when they were issued in Puerto Rico.</i>&quot;</p><p><br /></p><p>So, apparently these 1928 bills were not actually printed in 1928, but in 1933. And most didn&#039;t even circulate until the late 1940s. Wow. Another source mentioned that the majority of these specimens circulated heavily, so decent examples remain pretty tough to find and demand even higher premiums. I&#039;m starting to understand this type&#039;s popularity and relatively high prices. It almost qualifies as a &quot;novelty note.&quot; Interesting. Thanks for leading me down this path.[/QUOTE]</p><p><br /></p>

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