Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Unfit Currency - Straight from the horse's mouth!!
>
Reply to Thread
Message:
<p>[QUOTE="Numbers, post: 328730, member: 11668"]No, it's because that FRB document only discusses $5, $10, and $20 notes. (Notice that it only lists wear standards for those three denominations, too; that doesn't mean $50's and $100's can be arbitrarily worn and still circulate.) Just by watching how quickly the old-style notes disappeared from circulation, it's clear that the small-head $50's and $100's were retired by the Fed. In 1995 it was easy to pull even 1934 $100's from circulation; now it's tough to find anything pre-1996.</p><p><br /></p><p>Interestingly, the 1996-generation notes don't seem to be getting the same treatment; there are still plenty of pre-Kodachrome $20's out there, even four-plus years after the Kodachrome version was issued. My guess is that this reflects the fact that the Kodachrome redesign was primarily cosmetic and did not represent a major increase in security the way the 1996 redesign did.</p><p><br /></p><p>(Oh, and about the red-seal-$100-note topic higher up this thread: the requirement for USNs to be kept in circulation was repealed in 1994. Currency books are horrible about updating those "trivia" sections. Until quite recently, many of them still pointed out that a star note was used for the 100,000,000th note of each block--despite the fact that blocks of 100,000,000 notes haven't been used since 1977.)[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 328730, member: 11668"]No, it's because that FRB document only discusses $5, $10, and $20 notes. (Notice that it only lists wear standards for those three denominations, too; that doesn't mean $50's and $100's can be arbitrarily worn and still circulate.) Just by watching how quickly the old-style notes disappeared from circulation, it's clear that the small-head $50's and $100's were retired by the Fed. In 1995 it was easy to pull even 1934 $100's from circulation; now it's tough to find anything pre-1996. Interestingly, the 1996-generation notes don't seem to be getting the same treatment; there are still plenty of pre-Kodachrome $20's out there, even four-plus years after the Kodachrome version was issued. My guess is that this reflects the fact that the Kodachrome redesign was primarily cosmetic and did not represent a major increase in security the way the 1996 redesign did. (Oh, and about the red-seal-$100-note topic higher up this thread: the requirement for USNs to be kept in circulation was repealed in 1994. Currency books are horrible about updating those "trivia" sections. Until quite recently, many of them still pointed out that a star note was used for the 100,000,000th note of each block--despite the fact that blocks of 100,000,000 notes haven't been used since 1977.)[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Unfit Currency - Straight from the horse's mouth!!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...