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 Replies: 16 / Views: 3,970 |
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Pillar of the Community
United States
4637 Posts |
This is my attempt to get new collectors to invest in a paper currency collectors guide. If you are looking through notes at your local B & M you would probably not give this note a second look.  It's not a star, it's not fancy, it's not an error. So how would you know it was rare ? One of my favorite guides is Robert Azpiazu's Collectors Guide to Modern Federal Reserve Notes Series 1963-2009. It is chocked full of useful information and includes a pair of lists in the back of the guide with the authors Top 10 rarest Star and Non-Star notes.  The 1981 $1 J-D note was distributed only in rural Mississippi and Louisiana, and how it got to this lofty status is anyone's guess. This is the auction write up in the Stacks Auction.  My message is this. If you're serious about the hobby, go out and get yourself a guide. Not necessarily for the prices but for the additional information. How else would you know ? |
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Pillar of the Community
 United States
2843 Posts |
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Pillar of the Community
United States
5828 Posts |
Wow, I had no idea. Thanks for the info!
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Pillar of the Community
United States
2130 Posts |
Steve...Thanks for sharing. Your right....I would have never known!
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Pillar of the Community
United States
3330 Posts |
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Valued Member
United States
95 Posts |
Great idea, Steve!  |
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New Member
5 Posts |
Very good point Steve! :)
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
814 Posts |
I have a hard copy of his book. He has the next edition ready, but can't get it published.
I wish there was an Ebook format, that would be super handy and easier for him to update.
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Pillar of the Community
United States
5850 Posts |
Quote:
"A microscopic 3.2 million J-D notes were printed. A wee bit of hype/hyperbole here, perhaps? I realize there weren't nearly a many of these printed as other prefixes, but, still... we're talking 3.2 million here. And yes, I realize far fewer have survived until today and even fewer are in really nice shape, but "microscopic"? Seriously? |
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Pillar of the Community
United States
814 Posts |
I feel it is microscopic given the perspective. Considering the BEP printed 5.5 trillion $1 series 1981 notes over 74 blocks including stars, 3.2 million is 0.000000581% of the denom/series. That is a microscopic amount already. Then figure in survival rates and quality, along with every other series and the odds are phenomenal. Just my opinion tho. Edited by GoldenChest
05/09/2016 12:56 am
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Pillar of the Community
 United States
4637 Posts |
It was actually 5.5 Billion $1's printed for series 1981, but it was the perfect storm.
The 1981 $1 J-D notes were printed in February 1984 and the very next month,(March) the BEP had switched to printing the 1981A series notes. Block collectors already had the J-A, J-B, and J-C notes because they had 3 years to find them and almost 300 million to sift through. The J-D notes were released and distributed in a rural part of the country that didn't travel much. They mostly stayed local, were used in a humid environment, and eventually were destroyed. Block collectors were blindsided.
There are other obscure $1 notes like this, for instance the series 1988A F-N (fw) and I-A (fw). This was the first series where WEB notes were being printed and the new BEP facility in Fort Worth was cranking out notes. By now the BEP was printing 15 Billion one dollar bills compared to 5.5 Billion for the 1981 series.
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Pillar of the Community
United States
1285 Posts |
SteveinTampa,  Thanks for this posting. I've tried to encourage collectors to GET THE BOOK;almost always recommending Robert's book and/or the Friedberg catalog.
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Pillar of the Community
United States
800 Posts |
You sold me on it Steve.  |
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Bedrock of the Community
United States
12819 Posts |
Wow, very interesting. Thanks for sharing! I've put the book on my numismatic "to-buy" list.
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Pillar of the Community
United States
814 Posts |
Thanks for the correction there Steve. Guess ive been staring at too many numbers lol
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Replies: 16 / Views: 3,970 |
Posted 05/08/2016 08:28 am
