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<p>[QUOTE="Numbers, post: 1405271, member: 11668"]I'm not sure what the survival rate has to do with the low-ness of the serial number, though. Your note is fairly rare, but the serial number 000375 isn't what makes it rare. If somebody else had the same note in the same condition with serial 003826, I don't think that your note would command a premium over that note due to its lower number. But if somebody had the same note in the same condition with serial 000005, that might get a premium. In that sense, 000005 would be a low number, while 000375 is just a run-of-the-mill serial number on this note.</p><p><br /></p><p>In contrast, a modern FRN with serial 00000375 would derive nearly all of its collector value from the low-ness of the serial number: the same note with serial 00084724 would be worth face value. So on a modern FRN, 00000375 would be a low number.[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 1405271, member: 11668"]I'm not sure what the survival rate has to do with the low-ness of the serial number, though. Your note is fairly rare, but the serial number 000375 isn't what makes it rare. If somebody else had the same note in the same condition with serial 003826, I don't think that your note would command a premium over that note due to its lower number. But if somebody had the same note in the same condition with serial 000005, that might get a premium. In that sense, 000005 would be a low number, while 000375 is just a run-of-the-mill serial number on this note. In contrast, a modern FRN with serial 00000375 would derive nearly all of its collector value from the low-ness of the serial number: the same note with serial 00084724 would be worth face value. So on a modern FRN, 00000375 would be a low number.[/QUOTE]
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