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<p>[QUOTE="Numbers, post: 319629, member: 11668"]This was true until 1994, when Congress finally got around to repealing that provision. The remaining vaultful of red-seal $100's were all shredded in 1996. Collectors had asked for them to be auctioned off in some way, a la the GSA sales of silver dollars, but Congress hadn't thought that far ahead: in the absence of any law authorising USNs, the Treasury couldn't legally release them.</p><p><br /></p><p>That also shoots down the idea of red-seal commemoratives, I'm afraid.</p><p><br /></p><p>More to the point, though, is that it's much more time- and labor-intensive to create a new banknote design than a new coin design. It seems unlikely that the BEP would be able to turn a profit (or even break even) on limited-edition commem currency, simply due to the overhead involved in the intaglio engraving and printing. Witness the intaglio-printed Declaration of Independence currently available from the BEP's online store...for $200. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> (And that didn't even involve any portrait/vignette engraving!)[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 319629, member: 11668"]This was true until 1994, when Congress finally got around to repealing that provision. The remaining vaultful of red-seal $100's were all shredded in 1996. Collectors had asked for them to be auctioned off in some way, a la the GSA sales of silver dollars, but Congress hadn't thought that far ahead: in the absence of any law authorising USNs, the Treasury couldn't legally release them. That also shoots down the idea of red-seal commemoratives, I'm afraid. More to the point, though, is that it's much more time- and labor-intensive to create a new banknote design than a new coin design. It seems unlikely that the BEP would be able to turn a profit (or even break even) on limited-edition commem currency, simply due to the overhead involved in the intaglio engraving and printing. Witness the intaglio-printed Declaration of Independence currently available from the BEP's online store...for $200. :eek: (And that didn't even involve any portrait/vignette engraving!)[/QUOTE]
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