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 Replies: 18 / Views: 4,615 |
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Pillar of the Community
United States
2850 Posts |
I appreciate them for what they are, but I have never been a big fan. I will likely stick to nationals and large size notes.
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Pillar of the Community
United States
999 Posts |
What is that dark rectangle on the bottom right, next to the word "Governor"? A photo mark?
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Pillar of the Community
United States
7630 Posts |
That rectangular block is part of the overprint.
The word "President" is blocked out and the word "Governor" is added along with the Governor's signature.
FRB's did not have President's...they had Governors, and still do!
Edited by westernsky
11/21/2017 9:31 pm
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Pillar of the Community
 United States
5029 Posts |
Gray pick up! Very nice looking note.
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Pillar of the Community
United States
4637 Posts |
Very nice example Mr.Frog.
You're right too.....you seldom see high denomination FRBN's , especially in such good condition.
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Pillar of the Community
United States
999 Posts |
Quote:
That rectangular block is part of the overprint.
The word "President" is blocked out and the word "Governor" is added along with the Governor's signature.
FRB's did not have President's...they had Governors, and still do! I assume that the bill itself was printed by the government (BPE then?), was the overprint added by the local banks or was that also done by the government? (I am not well versed on older bills...) |
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Pillar of the Community
United States
999 Posts |
Also, is the line "Or by like deposit of other securities" near the top of the bill part of the overprint as well?
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Bedrock of the Community
 United States
94367 Posts |
Yes - standard on all small FRBNs.
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Pillar of the Community
United States
7630 Posts |
N9jig....
These things were printed by the BEP under financial emergency conditions during the Great Depression. I have read that they were overprinted over one weekend using already printed National Bank note stock sheets for all denominations. They quickly made overprint plates and fired up the presses and started turning out notes.
The overprinting was never done at local banks it was always done by the BEP in Wasington.
The 1929 Feds are a unique series and are way under appreciated. There are some huge rarities.... An example would be the $5 San Francisco Star! As far as I know there is only one known!
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Bedrock of the Community
 United States
12477 Posts |
Very interesting. I learned something today!  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
Canada
458 Posts |
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Pillar of the Community
United States
999 Posts |
Are those large "I"'s locator bars for the overprint?
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Pillar of the Community
United States
4637 Posts |
No, the large "I"'s are for the district of Minneapolis....same as the "I" in the prefix of the serial number.
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Pillar of the Community
United States
655 Posts |
I don't collect these type of bills because the overprint kind of puts me off. I mean, it gets the message across but it's not very artistic. Maybe, if they'd used a fancier type or live signatures but, I guess, in an emergency there's no time for design. I do like the brown ink and this particular example looks flawless.
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Bedrock of the Community
United States
94367 Posts |
It isn't the most inspiring design for sure, and Old Ben's mug doesn't help any. But I'm always attracted to scarcity and condition, which is why I jumped on this one. Actually, I didn't have to jump very high - it cost just over $400, to be honest. Compare this, with a print run of 144K, to say the tough 1928-E $1 Silver Certificate, with a print run of 3.5 million, that sells for 4-5X more.
I get it - not many people collect $100s. But to me, this has most everything I look for in a solid long term investment.
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Replies: 18 / Views: 4,615 |
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Posted 11/21/2017 9:01 pm
