20 Days Of US $1 Notes! Post Your Type Sets!

Just started my note collection and this thread is a great help, thank you all for posting.

1928 $1 Red Seal United States Note

I've only recently come across the very interesting story behind these tough-to-find notes. I'll post what I remember here, but if anyone has anything to add or revise, please feel free to do so.

My understanding is that the 1.8 million or so of these notes were printed around 1933. This is a miniscule printing compared to the billion + funnybacks issued between 1928 - 1934. Of that total, only about 5,000 were immediately released into circulation, and those only because BEP employees issued them before learning that they had not yet been officially authorized to do so.

Dave L; I'm not sure if the 5,000 notes released were serial # 1 - 5000, but if that's the case, looks like yours is one of these very rare notes!

The rest of the notes sat in storage until 1948-49, when they were released for circulation in Puerto Rico. I read somewhere that they were released in predetermined increments in order to study the circulation of currency in that U.S. territory. I don't think they ever reached much of a conclusion from this research, but at least the notes served some purpose.

I assume that the surviving notes, except for the handful that remain of the 5,000 issued in 1933, have been brought back to the U.S. as tourist souvenirs from travels to Puerto Rico over the last 65 years.

Anyway, enough with the chit chat! Once again, here's my low-end type note for your consideration:




Given it's almost certain Puerto Rican history, I like to think the staining on my note may have been deposited by a diner enjoying some delicious cocina criolla. Nah, probably just plain ol' rust.

Agreed, CopperCastle! At least they missed ol' George