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High Block Letter On $1 FRN

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CelticKnot's Avatar
United States
12839 Posts
 Posted 07/29/2016  12:24 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
Also: Hello and thank you CelticKnot! So sorry for the absurdly long delay.

No worries and glad you're back. It had been so long that I re-welcomed you in your thread about the $1 with the thin line on it.

I just checked my notes and I have a $1 1988 BX.
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 Posted 07/29/2016  5:23 pm  Show Profile   Bookmark this reply Add BanDurby to your friends list Get a Link to this Reply
Here is a concise table of all $1 series which have reached blocks X and/or Y (as far back as 1981)
Included are the serial number ranges, location/type, and total size of the print. Note: only series 2009 L/X was a low print with only 12.8M or roughly 87% smaller than average runs of 96M.

Begin serial      End serial     Type      Length      Runs
-----

2009
--
L 000 00001 X  -  L 128 00000 X   fw C    12,800,000     1-2


1995
--
B 000 00001 X  -  B 960 00000 X    dc     96,000,000    1-15
B 000 00001 Y  -  B 960 00000 Y    dc     96,000,000    1-15
L 000 00001 X  -  L 960 00000 X    fw     96,000,000    1-15
L 000 00001 Y  -  L 960 00000 Y    fw     96,000,000    1-15


1988A
--
B 000 00001 X  -  B 512 00000 X    dc     51,200,000     1-8
F 000 00001 X  -  F 960 00000 X    dc     96,000,000    1-15
F 000 00001 Y  -  F 832 00000 Y    dc     83,200,000    1-13
G 000 00001 X  -  G 960 00000 X    dc     96,000,000    1-15
G 000 00001 Y  -  G 256 00000 Y    dc     25,600,000     1-4
L 000 00001 X  -  L 960 00000 X    fw     96,000,000    1-15
L 000 00001 Y  -  L 832 00000 Y    fw     83,200,000    1-13

My opinion is that all X/Y notes are worth holding onto as they're relatively rare overall, but the 2009 series L/X should certainly command a premium. I make no offer of what that premium should be. Though I welcome any opinions/evidence/precedentthat might indicate a reasonable valuation (controlling for grade, of course.)
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 Posted 07/29/2016  5:25 pm  Show Profile   Bookmark this reply Add BanDurby to your friends list Get a Link to this Reply
Celtic:

Quote:
I just checked my notes and I have a $1 1988 BX.

My previous reply shoes that note to be one of the smaller prints. Nice find (:
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afcop13's Avatar
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 Posted 11/28/2017  12:19 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
Just found this thread and figured it'd be better to add to it than start a new one on the same topic. I recently came across a couple of 2009 X notes and figured they'd be rare. Glad to see I was right!
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 Posted 12/09/2017  6:55 pm  Show Profile   Bookmark this reply Add BanDurby to your friends list Get a Link to this Reply
Howdy, afcop. I'd love to know what the serial numbers are on your X notes. Also condition. Perhaps you could upload photos? Either way, nice finds! — Dan
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 Posted 12/09/2017  7:23 pm  Show Profile   Bookmark this reply Add BanDurby to your friends list Get a Link to this Reply
Here's an updated list of all the current $1 X/Y block notes I have so far. All have been pulled from circulation.
The first set consist of 1995, 1995, 1995, 1988A, 1988A. All others are 2009.
High-Block-Letter-On-$1-FRN
High-Block-Letter-On-$1-FRN
High-Block-Letter-On-$1-FRN
High-Block-Letter-On-$1-FRN
High-Block-Letter-On-$1-FRN
High-Block-Letter-On-$1-FRN

Would enjoy seeing what other's have.

—Dan
Edited by BanDurby
12/09/2017 7:25 pm
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dsburton's Avatar
United States
55 Posts
 Posted 01/27/2018  9:02 pm  Show Profile   Bookmark this reply Add dsburton to your friends list Get a Link to this Reply
Wow, you have a lot of the rare (12.8M) L-X notes. I have one:
High-Block-Letter-On-$1-FRN
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SteveInTampa's Avatar
United States
4637 Posts
 Posted 01/29/2018  1:06 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
I'm scratching my head wondering why the word "Rare" is being used so often on this thread, especially since everything I've seen is midgrade and print runs are in the millions.

On the other hand, it's just a dollar, so I'm not going to criticize anyone pulling them from circulation.....I'm guessing though, a block collector would want uncirculated examples of these modern issue Aces.
New Member
United States
18 Posts
 Posted 01/29/2018  1:27 pm  Show Profile   Bookmark this reply Add BanDurby to your friends list Get a Link to this Reply
I suspect we're using the term rare in this case because x and y block $1 notes are relatively rare compared to all other blocks. There are only three series of $1 issued that have reached block X, and two series to reach Y. Also, relative to the hundreds of millions of notes printed for the $1 1988A X/Y and $1 1995 X/Y blocks, the $1 2009 X block only saw 12.8 million. A small fraction compared to the other two series. I do however agree that in this case rare is relative and contextual. Thanks for posting, Steve (:
Edited by BanDurby
01/29/2018 1:29 pm
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SteveInTampa's Avatar
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 Posted 01/29/2018  1:47 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Thanks BanDurby.

Once again, modern $1 FRN's (non star) notes pulled from circulation have a minuscule chance of ever being worth more than face value......except if they're hyped on ebay. I know several dealers that cater to block collectors, and both of them sell CH-CU examples for $4.

The famous example of a low print, non star $1 FRN being rare is the 1981 J-D note. Only 3.2 million were printed and they were distributed only in rural Mississippi and Louisiana. I hunted this note for six years. An example finally surfaced back in 2012 at a Stacks-Bowers Auction in a 68PPQ holder. I paid four figures to own it and have yet to see another example come up for sale or auction.
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afcop13's Avatar
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1409 Posts
 Posted 01/30/2018  2:38 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
I have pulled 8 X and 1 Y note from circulation in the past year - and threw a couple back that were torn, frayed or written on. I know there isn't any great value to them, but I still set them aside along with all of the star notes I see.
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Coinfrog's Avatar
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94367 Posts
 Posted 01/30/2018  4:17 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good story, Steve. You're even more of a fanatic than I am.
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dsburton's Avatar
United States
55 Posts
 Posted 02/02/2018  5:13 pm  Show Profile   Bookmark this reply Add dsburton to your friends list Get a Link to this Reply
I was using the term "rare" in the context of the above table, as BanDurby suggested.

Good story, indeed. Since I live in Louisiana, I'll have to keep an eye out for the 1981 J-D notes. Any 1981 $1 notes are becoming hard to find in circulation now.
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