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<p>[QUOTE="Numbers, post: 989484, member: 11668"]Total printage of the 1928 $1 USN was 1,872,012. The printing was originally ordered for the purpose of expanding the supply of currency in the Depression--basically, the same reason as the 1929 FRBNs. Somebody realized, belatedly, that the law didn't permit the total value of USNs in circulation to be expanded very much, so the printing of the red-seal $1's was called off soon after it had begun, and most of them (all but those first 5000) were stashed in a Treasury vault. Many years later, in the late '40s, the Treasury decided that they were just taking up space, and might as well be used--so they shipped them to Puerto Rico in the hope that few of them would get back to the U.S. mainland, where they might confuse bank tellers who were used to seeing red-seal currency in only the $2 and $5 denominations.</p><p> </p><p>By the way, that funny-looking unround printage number was the result of one extra uncut sheet, carrying serials 01872001-01872012, being printed after the regular production had stopped at a much neater total of 1,872,000. The records indicate that the sheet was printed, but I haven't seen anything about who got it--somebody pretty special, apparently, in order to get production reopened just for one sheet. If that sheet still exists, it hasn't been seen in a long time...but I still keep hoping it'll turn up, one of these years. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 989484, member: 11668"]Total printage of the 1928 $1 USN was 1,872,012. The printing was originally ordered for the purpose of expanding the supply of currency in the Depression--basically, the same reason as the 1929 FRBNs. Somebody realized, belatedly, that the law didn't permit the total value of USNs in circulation to be expanded very much, so the printing of the red-seal $1's was called off soon after it had begun, and most of them (all but those first 5000) were stashed in a Treasury vault. Many years later, in the late '40s, the Treasury decided that they were just taking up space, and might as well be used--so they shipped them to Puerto Rico in the hope that few of them would get back to the U.S. mainland, where they might confuse bank tellers who were used to seeing red-seal currency in only the $2 and $5 denominations. By the way, that funny-looking unround printage number was the result of one extra uncut sheet, carrying serials 01872001-01872012, being printed after the regular production had stopped at a much neater total of 1,872,000. The records indicate that the sheet was printed, but I haven't seen anything about who got it--somebody pretty special, apparently, in order to get production reopened just for one sheet. If that sheet still exists, it hasn't been seen in a long time...but I still keep hoping it'll turn up, one of these years. :rolleyes:[/QUOTE]
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