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Replies: 22 / Views: 4,397 |
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Bedrock of the Community
 United States
12819 Posts |
So jmorgan's fantastic $10 note collection in the following thread got me thinking (and drooling): https://goccf.com/t/200521I'm not much of a currency collector (I'd like that to change), though I do have a few star notes and such. I'd like to start a similar collection as jmorgan's but with $1 notes. Thinking that to start me off, a $1 collection would not require as much of an investment as a $10 note one, but of course I could be wrong... What would be a good starter checklist? Obviously a silver certificate, a Hawaii note and an FRN. What else? Any major varieties of those? At some point after (or during) building such a type set, I'd probably collect as I do coins and try to find a specimen from each series, but for now I think one of each type or major design change would be sufficient. Thanks in advance for your replies and help.
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Pillar of the Community
United States
4691 Posts |
There are a lot of ways go. If you want to stay with small size, then the red seal and experimental notes would be a nice set. Large size can be challenging, but the 1896 and 1899 have really nice designs. Attached are some from my collection.   
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Bedrock of the Community
  United States
12819 Posts |
Thanks for the suggestions and pictures, jimbucks. I think starting with small size and then branching out from there is probably the best start for me so I don't go too crazy right out of the gate.  I assume by "challenging" for the large size you mean $$$$? Or are examples just really difficult to find? I found this checklist on uspapermoney.info: USN, 1928 SC, 1928-1928D, blue seal left, first legend SC, 1928E, blue seal left, second legend SC, 1934, blue seal right, original back design SC, 1935-1935G, blue seal right, Great Seal back design without motto SC, 1935A, brown seal and "Hawaii" overprint SC, 1935A, yellow seal SC, 1935G-1957B, blue seal right, motto on back FRN, 1963-1963B, Latin Treasury seal FRN, 1969-2013, English Treasury seal Seems like a good list to work off of but have not done any market analysis yet to see what the...challenges...may be here. Is the USN the red seal?
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Pillar of the Community
United States
589 Posts |
Quote: Is the USN the red seal? Yes. Of course, you could always challenge yourself and create a **real** nice set, i.e., one of every signature, with stars, mules, and printing varieties (web notes, COPE vs LOPE printing, etc.). After 1991, you could also expand into notes printed at FW and DC. Of course, you could go crazy and collect notes additionally by print run...but I think that's crazy. After all, the prices for some runs are insane, and the number of people collecting by print run are small. And you'll never be able to complete such a set for the older notes (as no records on the matter were kept) Good luck with your endeavor!
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Bedrock of the Community
United States
11951 Posts |
Doing small size notes in smaller denomination can be a fun set to put together. I think your on the right track on what you posted. You can look at like a type set for notes .. or even a combination of type and signatures. Here is a post of what I was putting together a couple years ago. https://goccf.com/t/151904
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Bedrock of the Community
  United States
12819 Posts |
Thanks all. @GR58... Your collections are (as usual) amazing and the pics are tremendous. I love the ancillary pages you've added to your albums and I'd like to pick your brain on those if possible. @Groszy, I have a propensity to go overboard when it comes to collections, which is why I was originally trying to limit this collection initially. Ah, who am I kidding... I'll probably at some point end up somewhere between your "**real**" and "crazy" definitions, if I'm lucky  Gee THANKS, guys... now I have to spend (more) money on money. I'll keep y'all posted.
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Bedrock of the Community
United States
11951 Posts |
Quote: I love the ancillary pages you've added to your albums and I'd like to pick your brain on those if possible. No problem. I can even send you some of the information spreadsheets, so you could customize them to your notes. These albums come with a single pocket page, for me I thought that would be the best to put in that page.
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Pillar of the Community
Canada
2805 Posts |
Don't the modern dollar bills have a seal saying which Federal Reserve they were printed at? How does that work; does anyone try to collect one of each location for each year?
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Bedrock of the Community
United States
11951 Posts |
Current notes are Federal Reserve Notes ( FRN)
Notes are made at two facilities, BEP in Wash. DC and the Fort Worth facility (FW). The print all the notes Fir the 12 Federal Reserve banks.
The location of, and the design of the seal is different on each denomination.
Using the one dollar note as a example. The black seal on the left side of the note will have a letter. (A through L) There will also be a set numbers, 1 through 12, in four location on the front of the note. The letter and number will always be the same for each Federal Reserve bank.
They will be Boston A/1 New York B/2
All the way up to L/12 for San Fransico
And yes some collectors collect 12 notes for each series to have one from each Federal Reserve bank.
Edit - I am not sure every series/year has a note for each FRN. The 1963B Barr note comes to mind.
Edited by GR58 03/01/2015 12:14 pm
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Pillar of the Community
United States
5854 Posts |
Quote: I assume by "challenging" for the large size you mean $$$$? Or are examples just really difficult to find? You could easily add a 1923 silver certificate and probably a 1917 legal tender. They are common and affordable though the legal tender will cost a little more. F/VF examples can be had for under $100 each. Other large size notes that you can consider that may fit your budget are 1918 federal reserve bank note, 1923 legal tender, and 1899 silver certificate. Most of the other notes other than the ones are going to cost much more unless you sacrifice condition. Hope this helps.
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Bedrock of the Community
  United States
12819 Posts |
Thanks for all the suggestions and information, everyone. As I start to put my set together I'll post pics.
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Bedrock of the Community
  United States
12819 Posts |
I've started to do a little research on the cost of putting together a small $1 note album. I've found I can spend several hundred dollars on some of the older notes.... of course, that's if I pay what the ebay sellers are asking, and generally those are graded. Looking at "sold" auctions things are generally less except for the "buy it now" lots. Based on the gorgeous albums I've seen I want to start at XF or AU and go straight to CU where possible - but could certainly be deterred based on advice. I've decided to start with the 1935A issues, so, what's reasonable to spend on a decent AU 1935A Brown, or a 1935A Yellow? I see prices (and conditions) all over the board but $100 seems about where the market is for a graded AU of either. I don't even need/want graded but I don't know enough at this time to know what to look for in the way of currency for doctoring. Should I look elsewhere besides ebay? Should I start with lower quality requirements? I know only I can make my buying decisions. All advice is appreciated.
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Bedrock of the Community
United States
11951 Posts |
I like to check CDN Greensheet to get a start point on what I would like to pay for a note. I don't think I am going to any coin shops today, so I can't check the Greensheet prices today. From what I remember AU/CU 1928, 1928A and 1928B SC notes trade in the $100 range. I think in XF they drop down a good amount. 1928C, 1928D and 1928E SC, would be very expensive in upper grades. The 1928 USN in AU/CU can be $400/$500. My USN (red seal) is maybe VG/Fine I think I paid around $75. If a nice XF comes along at my LCS ... I might pick it up. Hawaii and North Africa $1.00 notes are available in all grades. Take your time, I think you can find one you like. Not sure what your plan is, for a set of notes. Do a lot of looking. There is a good reference book for small size notes.  You might like using a book like this to help plan what notes to put into your set.
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Bedrock of the Community
  United States
12819 Posts |
Thanks, GR58. Will look into that book. I'm (loosely) keeping track of ebay sales so hopefully I can get a good idea of the market on these guys before pulling the trigger.
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Bedrock of the Community
  United States
12819 Posts |
Is $110 a good deal for a CU 1935A Hawaii note?
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Pillar of the Community
Germany
645 Posts |
I Think $110 is a good price for a $1 CU HAWAII bill.
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Replies: 22 / Views: 4,397 |