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Currency: What To Look For?

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Pillar of the Community

United States
619 Posts
 Posted 03/24/2008  02:02 am Show Profile   Bookmark this topic Add deadmunny to your friends list Get a Link to this Message Number of Subscribers
Aside from the "silver certificates" and those "hawaii marked" bills of past, I have never gotten into currency collecting. Can someone give me a brief rundown (or direct me to an old thread) on what to look for as far as numismatic value goes? Is there a RedBook for currency? What is this "red seal" that everyone talks about?

thanks in advance
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 03/24/2008  05:39 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
a Red Seal is a US Note instead of a federal issued note, something else to keep a eye out for is star notes, that is notes with a * in the serial number
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hunter20ga's Avatar
United States
1173 Posts
 Posted 03/24/2008  10:11 am  Show Profile   Bookmark this reply Add hunter20ga to your friends list Get a Link to this Reply
Get Arthur and Ira Friedberg's book "United States Paper Money". see...

http://www.amazon.com/Guide-United-...72277&sr=8-1


If you are looking to pull notes from general circulation, then your best bet at finding "collectible" currency lies in the realm of the serial numbers. Numbers that have a "pattern" have more value than random numbers. Some examples of these "fancy" serial numbers:

45677654 or 15344351 (radar notes)...notice that the first four digits and last four are "mirror images." Any radar note is collectible.

23452345 or 75387538 (a repeater note)...the first four digits and last four are identical. Repeaters are also collectible.

33333333 (or any other set of eight repeated digits.)

22446688 or other similar combinations...

00000--- (the more zeros at the front of the serial number, the lower the number, and the more collectible.) The quest, of course, is to find 00000001 in crisp, uncirculated condition!

12345678 (if you can find one of these "perfect sequences" you've got a collectible note.)

Star notes... will have a seven digit serial number with a "*" replacing the eighth digit. Star notes are printed to replace notes in the normal run that were somehow damaged. They usually make up less than 10% of the total print run and sometimes less than 1%. The lower the percentage, the scarcer the note, the more collectible it is.

As with coins, uncirculated notes are more valuable than circulated ones. Notes that are torn, have holes, are folded, creased, spindled and/or mutilated have lower values.

There are other collectibles floating around out there... I'm sure someone will come along with a more complete list. :o)

Oh...almost forgot to add...sometimes you get four or five crisp new notes in change; if the serial numbers are consecutive, the bills, if kept together, will likely carry a small premium at some point in the future. If one of the serial numbers is "fancy" then they will definitely carry a premium.

Store your notes flat in a dry, protected place. The plastic sleeves that are made for currency are excellent for protecting notes.
Edited by hunter20ga
03/24/2008 11:26 am
Member
amac44's Avatar
United States
3242 Posts
 Posted 03/24/2008  10:20 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
stars on Cu 10,20,50s 1 are easy 5 you can find a most banks.
Pillar of the Community
daviscfad's Avatar
United States
4541 Posts
 Posted 03/24/2008  9:59 pm  Show Profile   Bookmark this reply Add daviscfad to your friends list Get a Link to this Reply
red seals are referred to as legal tender notes dont forget collecting blocks OF NOTES
A-1
B-2
C-3
D-4
E-5
F-6
G-7
H-8
I-9
J-10
K-11
L-12
error notes, large size notes 1861-1929,sheets, and some people collect plate numbers. if the front and back plate numbers match they keep them
Pillar of the Community
United States
619 Posts
 Posted 03/25/2008  01:57 am  Show Profile   Bookmark this reply Add deadmunny to your friends list Get a Link to this Reply
To those who responded, I thank you for the info. Now I have to muster the courage to buy a stack of bills.
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jeremymh's Avatar
United States
543 Posts
 Posted 03/25/2008  9:30 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list Get a Link to this Reply
I see hunter20ga has clearly outlined most of the notes to look for!
Valued Member
x78089's Avatar
United States
255 Posts
 Posted 03/26/2008  09:54 am  Show Profile   Bookmark this reply Add x78089 to your friends list Get a Link to this Reply
Thanks for the info all ,that plate number thing is astounding to me. I never even noticed the number on the back until I read a post here earlier this week.
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