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<p>[QUOTE="Troodon, post: 1923212, member: 4626"]I always thought this "first day of issue" thing to be a weird crossing over of stamp collecting with coin collecting lol... and never really got why this got going back in 1976 (I have never seen any other piece of currency this kind of thing was done with; if such things exist, I haven't come across it yet). I suppose people were excited about the new design to some degree but they were treating the new $2's as if they were some kind of rare collectible rather than something the BEP would be printing in the millions. Ironically the popularity of the design probably led to the demise of $2 as a practical denomination (much as the JFK halves led to the death of half dollars as a practically used coin); so many people saved them that few people actually spent them, so people got used to the idea of doing without a space for it in cash registers. Though the $2 was probably in decline anyway by 1976; as much as the public seemed to believe otherwise, the redesign of the $2 was more of an attempt to get people to actually put it to practical use again, rather than to commemorate the bicentennial (therein lies the irony of an attempt to promote the denomination leading to its decline lol...); however most people treated it as basically a souvenir.</p><p><br /></p><p>Stamping (sometimes literally with a stamp) was a method to connect these with the bicentennial and prove when they were received. Whether that raises the value or not is in the eye of the beholder; I know some will assign extra value to these and do. Personally I'm not interested; I'm a coin (and currency) collector not a stamp collector, and to me such things on a note detracts from the desirability rather than adding to it. But it is an interesting part of history; the bicentennial was a big deal and people were buying and selling tons of memorabilia related to it. Some of it was a naive belief that it would be "worth something" in the future (not realizing the obvious fact that if everyone's saving stuff, it will not be at all rare in the future) but some of it was just born of the excitement of the bicentennial which was a big deal at the time. My main interest in it at all was the fact I was born that year so I hear a lot about it from my parents.</p><p><br /></p><p>I guess to make a long story short, "your mileage may vary."[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 1923212, member: 4626"]I always thought this "first day of issue" thing to be a weird crossing over of stamp collecting with coin collecting lol... and never really got why this got going back in 1976 (I have never seen any other piece of currency this kind of thing was done with; if such things exist, I haven't come across it yet). I suppose people were excited about the new design to some degree but they were treating the new $2's as if they were some kind of rare collectible rather than something the BEP would be printing in the millions. Ironically the popularity of the design probably led to the demise of $2 as a practical denomination (much as the JFK halves led to the death of half dollars as a practically used coin); so many people saved them that few people actually spent them, so people got used to the idea of doing without a space for it in cash registers. Though the $2 was probably in decline anyway by 1976; as much as the public seemed to believe otherwise, the redesign of the $2 was more of an attempt to get people to actually put it to practical use again, rather than to commemorate the bicentennial (therein lies the irony of an attempt to promote the denomination leading to its decline lol...); however most people treated it as basically a souvenir. Stamping (sometimes literally with a stamp) was a method to connect these with the bicentennial and prove when they were received. Whether that raises the value or not is in the eye of the beholder; I know some will assign extra value to these and do. Personally I'm not interested; I'm a coin (and currency) collector not a stamp collector, and to me such things on a note detracts from the desirability rather than adding to it. But it is an interesting part of history; the bicentennial was a big deal and people were buying and selling tons of memorabilia related to it. Some of it was a naive belief that it would be "worth something" in the future (not realizing the obvious fact that if everyone's saving stuff, it will not be at all rare in the future) but some of it was just born of the excitement of the bicentennial which was a big deal at the time. My main interest in it at all was the fact I was born that year so I hear a lot about it from my parents. I guess to make a long story short, "your mileage may vary."[/QUOTE]
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