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<p>[QUOTE="Conder101, post: 531668, member: 66"]Years ago there was a law that a certain amount of the paper money in "circulation" has to consist of United States Notes. These were the old red seal notes that were back by government obligations. Well in the mid 60's, so as to not have more than one type of money in actual circulation, the red seal notes that came into the Fed were replaced with a new series of $100 United States Notes 1966A and they were stored in the vaults and counted as being in circulation. A small number of these did get out and were valued I believe at over $1000 each. In the 1980's the legislation that required the United States notes be maintained as part of the money supply was repealed. Paper money collectors appealled to be allowed to buy examples of these $1000 apiece $100 bills but the government shredded all of them. They gave up a potential of a $900 profit on every note they could have sold. (I know they wouldn't have sold a tremendous number of them, but they still passed up a big free profit.)[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 531668, member: 66"]Years ago there was a law that a certain amount of the paper money in "circulation" has to consist of United States Notes. These were the old red seal notes that were back by government obligations. Well in the mid 60's, so as to not have more than one type of money in actual circulation, the red seal notes that came into the Fed were replaced with a new series of $100 United States Notes 1966A and they were stored in the vaults and counted as being in circulation. A small number of these did get out and were valued I believe at over $1000 each. In the 1980's the legislation that required the United States notes be maintained as part of the money supply was repealed. Paper money collectors appealled to be allowed to buy examples of these $1000 apiece $100 bills but the government shredded all of them. They gave up a potential of a $900 profit on every note they could have sold. (I know they wouldn't have sold a tremendous number of them, but they still passed up a big free profit.)[/QUOTE]
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