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Do employees at the mint watch for these bills and snag them...
Do employees at the mint watch for these bills and snag them...
No. the BEP likes their employees to be ignorant of how certain notes are more collectable/desirable/valuable than others. Anyone who's a collector is unlikely to be hired by them. There is no legal mechanism by which an employee at the BEP can simply swap out a note in their pocket for a freshly printed note. And anyone found actually stealing a note from the unissued note stockpile would have all of the books thrown at them.
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...or does the mint keep them and auction them off?
...or does the mint keep them and auction them off?
Some countries have their "special" serial numbers separated from the regular print run and sold/auctioned off, but the United States BEP does not.
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This next question is probably stupid to ask but....Do they actually get put into circulation?
This next question is probably stupid to ask but....Do they actually get put into circulation?
Yes, they do simply get put into circulation.
And the answer to your next question, "So why haven't I ever found one then", is simple, and it's related to the reason why they are actually quite valuable on the collector market: they're really, really, really rare.
Modern US notes have eight-digit serial numbers. Assuming they printed every number from 00000001 to 99999999, that's a hundred million notes in a sequence. Out of those hundred million notes, only ten of those notes are going to be "solids". So that's literally a one in ten million chance that a note selected at random is going to be a solid. Or to put it in another perspective, that's only slightly better odds than winning the top prize of a standard 6-ball lottery. You'd literally have to search through millions of notes to give yourself a reasonable chance of finding one.
Adding to the difficulty of finding one is, of course, the fact that you aren't the only person looking. I'd even think many non-banknote-collectors, on being given a solid serial number note in change or from the bank (and assuming they actually pay attention enough to notice the serial number), that they'd keep it, or at least look it up on the Internet to see if it was in fact rare or special. Thus, at least some of that tiny percentage of notes that are solids are going to be fished out of the money supply by other people before you even start looking.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis