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Tough Note That Nobody Collects

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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/21/2017  5:21 pm Show Profile   Bookmark this topic Add Coinfrog to your friends list Get a Link to this Message Number of Subscribers
Picked this up over the weekend. As most of you know, I really love the $50s and $100s, I guess just because I'm usually off the beaten path. This appears crisp new with an original print run of just 144K, yet is worth very little because nobody collects them.


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Tootallious's Avatar
United States
1559 Posts
 Posted 11/21/2017  5:31 pm  Show Profile   Bookmark this reply Add Tootallious to your friends list Get a Link to this Reply
That's a very nice 1929 C note Coinfrog
I too have always liked the $50 and $100 bills. Just can't afford them.
Edited by Tootallious
11/21/2017 5:32 pm
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moxking's Avatar
United States
17900 Posts
 Posted 11/21/2017  5:35 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
There always seem to be items within any field that are neglected. But some of them become very collectible for that reason alone.

Good snag Frog.
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techwriter's Avatar
United States
1285 Posts
 Posted 11/21/2017  5:36 pm  Show Profile   Bookmark this reply Add techwriter to your friends list Get a Link to this Reply

Quote:
That's a very nice 1929 C note Coinfrog
I too have always liked the $50 and $100 bills. Just can't afford them.


Same Here.
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WheatBack's Avatar
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2850 Posts
 Posted 11/21/2017  5:39 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply
I appreciate them for what they are, but I have never been a big fan. I will likely stick to nationals and large size notes.
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n9jig's Avatar
United States
997 Posts
 Posted 11/21/2017  9:01 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
What is that dark rectangle on the bottom right, next to the word "Governor"? A photo mark?

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westernsky's Avatar
United States
7617 Posts
 Posted 11/21/2017  9:12 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
That rectangular block is part of the overprint.

The word "President" is blocked out and the word "Governor" is added along with the Governor's signature.

FRB's did not have President's...they had Governors, and still do!
Edited by westernsky
11/21/2017 9:31 pm
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scopru's Avatar
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 Posted 11/21/2017  9:35 pm  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Gray pick up! Very nice looking note.
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SteveInTampa's Avatar
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4637 Posts
 Posted 11/22/2017  10:06 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Very nice example Mr.Frog.

You're right too.....you seldom see high denomination FRBN's , especially in such good condition.
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n9jig's Avatar
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997 Posts
 Posted 11/22/2017  1:52 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply

Quote:
That rectangular block is part of the overprint.

The word "President" is blocked out and the word "Governor" is added along with the Governor's signature.

FRB's did not have President's...they had Governors, and still do!


I assume that the bill itself was printed by the government (BPE then?), was the overprint added by the local banks or was that also done by the government?

(I am not well versed on older bills...)
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n9jig's Avatar
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997 Posts
 Posted 11/22/2017  1:55 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
Also, is the line "Or by like deposit of other securities" near the top of the bill part of the overprint as well?
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Coinfrog's Avatar
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94367 Posts
 Posted 11/22/2017  4:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Yes - standard on all small FRBNs.
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westernsky's Avatar
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7617 Posts
 Posted 11/22/2017  10:54 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
N9jig....

These things were printed by the BEP under financial emergency conditions during the Great Depression. I have read that they were overprinted over one weekend using already printed National Bank note stock sheets for all denominations. They quickly made overprint plates and fired up the presses and started turning out notes.

The overprinting was never done at local banks it was always done by the BEP in Wasington.

The 1929 Feds are a unique series and are way under appreciated. There are some huge rarities.... An example would be the $5 San Francisco Star! As far as I know there is only one known!
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spru's Avatar
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 Posted 11/22/2017  11:08 pm  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
Very interesting. I learned something today!
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Canada
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 Posted 11/22/2017  11:44 pm  Show Profile   Bookmark this reply Add Bigchip22 to your friends list Get a Link to this Reply
very nice bill
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n9jig's Avatar
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997 Posts
 Posted 11/23/2017  1:14 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
Are those large "I"'s locator bars for the overprint?
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