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I Want To Start Collecting Bills...

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Valued Member
paul's Avatar
United States
213 Posts
 Posted 08/01/2009  3:44 pm Show Profile   Bookmark this topic Add paul to your friends list Get a Link to this Message Number of Subscribers
Hello,
I mainly collect coins, so bills are a new area for me.
I need some help getting started. I already pull out star notes and weird serial numbers, but I have no systematic form of collecting. I know there are years/series/signatures/printing places, but have no idea what they mean.
I need somebody to tell me what to look for in order to build a set. I really have no idea where to start.
I am going to start on current series 1 dollar bills, but I will work my way up to all of the series/ bill amounts.

Sorry if this post is a bit incoherent. It has been a long day.
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wd1040's Avatar
United States
3098 Posts
 Posted 08/01/2009  3:49 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
I think for $1 bills, you should first try and get all the Federal Reserve Banks together, as you said for the current 2006 series. Then, you can move onto different series with pretty much the same thing (getting FRBs). As for the weird numbers and star notes, I just put them aside because for the series/FRB combination, I want new notes.

And that's the other thing, as in coins, you want the highest grade you can possibly get.
Valued Member
paul's Avatar
United States
213 Posts
 Posted 08/01/2009  3:53 pm  Show Profile   Bookmark this reply Add paul to your friends list Get a Link to this Reply
That helps. Thanks.
How many FRBs are there?
How many series have there been since the creation of the FRB?
What's up with the little "A" under the series number sometimes? I have noticed that it is added after one of the sigs on the bill changes from the previous series. Do people collect these as a seperate series?
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wd1040's Avatar
United States
3098 Posts
 Posted 08/01/2009  4:08 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
There are 12 FRBs, and that's why you see the letters A, B, C...L on the serial and in the seal. And since the creation of the FRB, there's been quite a lot of series, and those can get quite expensive. As of now, there are 2006, 2003A, 2003, 2001, 1999, 1995, 1993, 1990, 1988A, 1988 for $1s. The colored and big-head versions have different series years.

And the little A means a change in signatures or printing styles, but still in the same year of change.

That's all the information I can give you as of now. I personally just collect one style of every design change (so 3, the small heads, the large heads and the colored heads) of every denomination. I guess it's up to you on how you want to collect them.
Valued Member
paul's Avatar
United States
213 Posts
 Posted 08/01/2009  4:18 pm  Show Profile   Bookmark this reply Add paul to your friends list Get a Link to this Reply
Thanks for your help!
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karrlot's Avatar
United States
535 Posts
 Posted 08/01/2009  6:04 pm  Show Profile   Bookmark this reply Add karrlot to your friends list Get a Link to this Reply
If you are going through bills that you get from the bank there are a few things you should keep your eyes open for. Some of these are rare, and command a decent premium:
As far as serial numbers go:
replacement notes - there is a star in place of the trailing letter - A16834837*
Binary - the serial numbers only have two different digits (e.g. 85588855)
Radar or Pandendrom - the number is the same forward and backward -12599521
Low numbers - most people consider 5 leading zeros very low - 00000521.
High numbers - On modern series the highest number is 96000000.
Solids - all the same 55555555
Almost solids - usually 6 or more of a kind 55565755
ladders - numbers progressivly go up or down - 23456789

Obviously any errors - too much ink, missing ink, cutting errors - the edge fo the bill is cut off, gutter folds (the paper had a fold in it when it was printed and the creased part didn't get printed on.)
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WpgLwr's Avatar
Canada
1082 Posts
 Posted 08/01/2009  7:44 pm  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
Easiest advice - just get as many different types as you can.
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biokemist6's Avatar
United States
12437 Posts
 Posted 08/01/2009  9:45 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Since you have many questions and just a very general knowledge of currency, you will probably want to pick up a book or two.
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manila galleon trade's Avatar
Spain
1361 Posts
 Posted 08/02/2009  09:44 am  Show Profile   Bookmark this reply Add manila galleon trade to your friends list Get a Link to this Reply

Quote:
replacement notes - there is a star in place of the trailing letter - A16834837*
Binary - the serial numbers only have two different digits (e.g. 85588855)
Radar or Pandendrom - the number is the same forward and backward -12599521
Low numbers - most people consider 5 leading zeros very low - 00000521.
High numbers - On modern series the highest number is 96000000.
Solids - all the same 55555555
Almost solids - usually 6 or more of a kind 55565755
ladders - numbers progressivly go up or down - 23456789


you forgot birth years or anniversaries. There is also the identical (same) serial numbers of two banknotes but this is very very rare in circulation. You can only have this if you know someone from the print or at least from a big bank.

I collect US dollar bills by signature and type set for the other denominations.
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Nic's Avatar
Philippines
1156 Posts
 Posted 08/02/2009  11:01 pm  Show Profile   Bookmark this reply Add Nic to your friends list Get a Link to this Reply
just a question please, which numbered bill would be most sought after?, and which the least?, on the list of special serial numbers posted by karrlot and quoted by manilagalleontrade. thanks!
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wd1040's Avatar
United States
3098 Posts
 Posted 08/02/2009  11:02 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
I would think solids and low serials (00000**) because those are the easiest to notice, and thus would bring more buyers.
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manila galleon trade's Avatar
Spain
1361 Posts
 Posted 08/03/2009  11:10 am  Show Profile   Bookmark this reply Add manila galleon trade to your friends list Get a Link to this Reply
The 00000000 serial numbers are almost always specimens so they are the most expensive, then comes the other solid numbers (lucky numbers are more expensive e.i. 77777777, 88888888) then the ladder (especialy 01234567)and then the starnotes (especially low numbers).
Valued Member
United States
429 Posts
 Posted 08/14/2009  12:53 am  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
The "Official Blackbook Price Guide of US Paper Money" is a great book to start out with because it is cheap and has a lot of pictures as reference. The other thing I like is that you can really see what is out there and offered and really makes you want to start collecting the older notes. I really wish they would do something like that again when they change the notes (it has to happen sooner or later) because they are more like a fine piece of art to me then a piece of money.
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Frank's Avatar
United States
151 Posts
 Posted 08/14/2009  08:48 am  Show Profile   Bookmark this reply Add Frank to your friends list Get a Link to this Reply
I already collect and trade CU blocks, if I worked at a bank I would be taking advantage of the access to CU straps. You could collect all of the fancy notes mentioned by others and also work on CU district and block sets. Collecting a CU block may seem a bit anal but it is also extremely addictive like any other type of collecting and its fun when you make progress. Also it fun to make new trading friends online.
Frank
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SammyBlade's Avatar
United States
52 Posts
 Posted 08/25/2009  2:28 pm  Show Profile   Bookmark this reply Add SammyBlade to your friends list Get a Link to this Reply
You should look up different images of all the paper money categories (U.S. Notes, Silver Certificates, Gold Certificates, Treasury Notes, National Bank Notes, Fed Reserve, Confederate notes, Fractional currencey, Colonial, etc.) What ever you like better... go for!
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