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 Replies: 22 / Views: 19,646 |
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Valued Member
United States
303 Posts |
Engraving quality would probably be one.
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Pillar of the Community
Mexico
1304 Posts |
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Pillar of the Community
3660 Posts |
So did you buy the note? If so, I too would be interested in seeing a picture of it. A star note is extremely rare in any condition, and in AU, I would estimate a minimum of 5 times face value would cause the note to disappear rather quickly. Even this 1928 rag that I show you here is worth a considerable premium over face value.   |
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Pillar of the Community
 United States
851 Posts |
Unfortunately no. The person told me they would hold it for me but pulled the offer and sold it to someone else.
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Pillar of the Community
United States
4541 Posts |
I saw the infamous 100,000 dollar specimen at the FUN show this weekend It was an uncut sheet of 12
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Valued Member
United States
323 Posts |
daviscfad, I also saw that at the fun show, pretty neat stuff, they had cops guarding it full time lol
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Pillar of the Community
3660 Posts |
Word of this 'infamous 100,000 dollar specimen' is new to me. Sound highly interesting though. It is an uncut sheet of 12 'whats'?
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Valued Member
United States
273 Posts |
12 100,000 dollar bills. They were only printed one year I think and in very small numbers. They never say regular circulation, they were used in interbank exchanges.
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Pillar of the Community
United States
4541 Posts |
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Pillar of the Community
3660 Posts |
WOW ! That is absolutely amazing. I have never seen anything like this before. I cannot see the serial numbers, but I would imagine that all notes are identical A00000000A.
Is this sheet privately owned or was it a government exhibit?
Being a note that was not publicly circulated (only used in transactions between Federal Reserve banks), I am baffled as how this sheet may have come into private hands, but even more interesting is 'why' would the BEP even print specimen notes of this type.
Thanks very much for sharing this photo !
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Valued Member
United States
76 Posts |
the 100,000 note featuring Woodrow Wilson was on display for many years at the Smithsonian. You would have to have your head examined to consider taking your $1000 bill to the bank for any other purpose other than to put in your safe deposit box. Whether it is still legal tender or not should be immaterial-----------it is a collectable pure and simple. Looking at it any other way in 2010 seems kind of crazy.
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Pillar of the Community
3660 Posts |
I am in total agreement with you papa. All US currency, despite age (1861), or condition (at least 50% of the note remaining), is still spendable legal tender. I would imagine that it is the same for coinage as well?
If a $500 or $1000 were to be turned into a local bank, I 'highly' doubt that 'any' teller, anywhere, would let it be turned in for destruction by the BEP. Instead, that teller would be out spending the profits that they reaped by saving the note for him or her self.
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Valued Member
United States
76 Posts |
I don't know what a teller would do if a $1000 bill was turned in. We all assume that because they work in a bank that they know all about money. But I bet that if you asked the average teller what the highest denomination bill is, you would get the answer $100 and although they handle it every day, I would also bet that only half of them would know whose portrait was on the front and only a quarter of them would know what is on the back of either the $50 or $100 bill. Most people don't even know that there ever was a $500 or thousand dollar bill and even fewer know that there was ever a 5000, 10,000 or 100000 bill.
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Pillar of the Community
3660 Posts |
Right you are, papa, right you are!
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Valued Member
United States
95 Posts |
I wouldn't be so sure about these tellers' intelligence. Just yesterday, I showed a teller (at a bank I don't often hit) a Blue Seal single, and asked if they had any. The manager interjected that they were taken out of circulation, and that they send them to the Treasury to be destroyed. I asked him, don't you save them? He shook his head.
What idiots! I don't care if it was just hypothetical, and he's never seen one. You just don't send them in to the Treasury! At least give them back out as change!
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Posted 11/22/2009 12:28 am
