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Replies: 98 / Views: 14,831 |
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Valued Member
United States
228 Posts |
I have to agree with Nickelman on this one. I know when I really want something on ebay, I use my Esnipe account to bid on it in the last 6 seconds! The big bids, from the guys who really want this series of notes the most - will not be heard from until just a few seconds remain... It should be a heck of a wind-up! 
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Valued Member
United States
176 Posts |
ok, I admit I am an amateur collector, but PLEASE tell me why some of you keep saying this isn't rare?! I may be calculating wrong here, but let's look at some math: 12 districts x 24 possible blocks x 8 possible solids x 6 denominations = 13,824 possible solids. say that's done every year since small sized notes began? 83 years? 1,147,392 possible notes? obviously there are far less actually printed because they aren't printed every year, they don't always use all 24 blocks, etc etc etc. 1,147,392 could be consider a small print run for a single note of a single district of a single denomination and some are saying this is NOT rare when there have been billions of notes printed!? I don't know, maybe I'm wrong on a few things I honestly don't know but please tell me because I'm very interested in knowing all I can about collecting.
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Pillar of the Community
United States
1031 Posts |
It's at $1725 now with over 4-1/2 hour left so it's a good thing you didn't take the $1700 offer. Now they just have to hit your reserve price.
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New Member
 United States
29 Posts |
Iamkay your math is wrong...to make it simple, this is 1 in 12 million...or 8 in 96 million. So I would say it's rare. But on the other side of the coin, they make more money every year. What's rare is that it is pristine and uncirculated.
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Pillar of the Community
3660 Posts |
This would all depend on a person's definition of the term "rare"..... to me, "rare" means less than 10 notes remaining.
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Pillar of the Community
United States
1397 Posts |
Quote: This would all depend on a person's definition of the term "rare"..... to me, "rare" means less than 10 notes remaining. I'm posting this just for the "devil's advocate" side of this discussion. http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:ITWhat does this have to do with anything you ask? Simple known populations of notes can change in a hurry with old notes. I am not suggesting that these silver certs are rare, I'm just using this as an example of what I mean. The difference with the solid note is that we know EXACTLY how many are printed and even if every one of them for this series still exists the number is still somewhat low. No one can produce a few straps down the road and devastate the population for that note.
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Valued Member
United States
176 Posts |
to me rare means an undercooked steak.  anyway, I understand where the 1:12mil/8:96mil ratio comes from being that serials for circulated notes go up to 96mil, I was just going for more of a "how many there actually are" approach with my math there... (i don't see where the math is wrong but that's besides the point) and obviously I left a few things out. but look at it this way: if 1:12mil is correct, thats less than half as likely to match all 5 numbers in the powerball lottery (1 in 5,138,133) and win $200,000. either way, great bill, great find. it's rare to me. EDIT: for clarification, I did the math again 12x24x8x6 and divided that by 12x24x96,000,000x6 which = 12,000,000. so yes, 1:12mil is the correct ratio (and the math was right) I'm not trying to be rude... I just wanted to make sure.
Edited by iamkayelem 02/13/2011 4:12 pm
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Pillar of the Community
United States
1397 Posts |
Quote: I did the math again 12x24x8x6 and divided that by 12x24x96,000,000x6 which = 12,000,000 lol it is a lot easier if you just figure that there can only be 8 solids per block possible since 00000000 and 99999999 are not printed/circulated. So 96,000,000/8 = 12,000,000 
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Pillar of the Community
3660 Posts |
Interesting observations, but over my head evidently.
I am not a numbers person, but even I can understand certain realities....
In 1930, there were $4.5 billion in circulation, in 1940, there were $7.8 billion in circulation, in 1960, there were $32.1 billion in circulation, in 1970, there were $54.4 billion in circulation, in 1980, there were $127.1 billion in circulation, in 1990, there were $257.7 billion in circulation, in 2000, there were $562.9 billion in circulation. I don't know about 2010, but I see a trend.....
Now consider this: in 2004, that number had risen to $767.3 billion.... of that, $107.3 was held at the Fed Reserve Banks.... so, $660 billion in actual circulation..... Now, based upon some of the other stuff I have read here, I have little doubt that your definition of "circulation" differs greatly from mine..... to me, "circulation" is money that is out of government hands..... what condition is most of this circulating money in, and where is it located?
The answers to those questions are..... over $450 billion of that $660 billion in "circulation" is located outside of the United States..... for the most part, in uncirculated condition.... still in straps..... the largest portions of "circulating" U.S. dollars outside the United States are located in Latin America, the Middle East, and Russia..... China and India should become the biggest homes for our currency very shortly.... Only a small portion of of the notes printed by the BEP is available to us...... Why is this allowed to go on? This is a good thing for the government.... A Federal Reserve Note is a liability on the United States, so what better place to have these liabilities located than in the hands of foreign citizens as reserves for their own security? For the collector of solid notes though, the reality is that most of those solid notes are out of reach.... still in the strap, still in UNC condition, but realistically, out of geographical reach.
There are (to the best of my knowledge) 24 presses in operation, each capable of printing 6,144,000 notes per day.... solid notes are being printed on a continual basis, and I highly doubt that those folks who collect solid notes are doing so based on series, denomination, or block letters..... they want the solid numbers without regard to low run numbers or anything else so trivial.
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Valued Member
United States
286 Posts |
looks like you are keeping it? btw what was the reserve?
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New Member
 United States
29 Posts |
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Valued Member
United States
313 Posts |
I thought they would go to $2000.00.  $2500.00 might be a little high If you want to sell I would start at $2000.00 with a buy now at $2500.00 IMHO  Good Luck 
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New Member
 United States
29 Posts |
The strap is still for sale....I have some interested parties...but $1975 isn't bad either.
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Valued Member
United States
408 Posts |
That was fun. Thanks for letting us share.
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Pillar of the Community
United States
1397 Posts |
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Replies: 98 / Views: 14,831 |