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Federal Reserve Note

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Nickelman's Avatar
United States
1397 Posts
 Posted 08/23/2010  11:39 pm Show Profile   Bookmark this topic Add Nickelman to your friends list Get a Link to this Message Number of Subscribers
OK not your run of the mill FRN. 1918 FR-775 Kansas City MO $2 dollar Battleship Note, just picked it up.



Federal-Reserve-Note
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3660 Posts
 Posted 08/24/2010  12:33 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
With a printing of only 952k, it is a scarce note, and in very nice condition too. I like it very much. Battleships are quite popular, and you've got a real beauty there. Way to go Nick.
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afclassic87's Avatar
United States
564 Posts
 Posted 08/24/2010  02:23 am  Show Profile   Bookmark this reply Add afclassic87 to your friends list Get a Link to this Reply
That's looks really nice! I'm trying to not collect notes... It's just so hard not too!
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 Posted 08/24/2010  10:17 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Not nearly as nice as yours Nick, but these are not run of the mill FRN either, nor have I shown these particular notes before.




Federal-Reserve-Note

Federal-Reserve-Note
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Nickelman's Avatar
United States
1397 Posts
 Posted 08/24/2010  12:20 pm  Show Profile   Bookmark this reply Add Nickelman to your friends list Get a Link to this Reply
Nice Notes! I have always liked that style of $5 note even though Columbus (and friends) on the back do look a bit mellow dramatic.
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 Posted 08/24/2010  1:12 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply

Quote:
I have always liked that style of $5 note even though Columbus (and friends) on the back do look a bit mellow dramatic.


The design was taken from the face of your FR-36.

Melodramatic, that's me....(I have actually heard that word used several times lately).
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Nickelman's Avatar
United States
1397 Posts
 Posted 08/24/2010  1:39 pm  Show Profile   Bookmark this reply Add Nickelman to your friends list Get a Link to this Reply

Quote:
The design was taken from the face of your FR-36


Yes and every time I look at it I think how funny they appear. But at least it has some imagination put into it, unlike the notes that we circulate today. Except, that is for the reverse of the two dollar bill. I like that one. I don't really care the reverse of the $2's with Monticello on them.
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 Posted 08/24/2010  2:41 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Yeah, we are in total agreement there Nick.
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bvalania's Avatar
United States
458 Posts
 Posted 08/24/2010  3:46 pm  Show Profile   Bookmark this reply Add bvalania to your friends list Get a Link to this Reply
Are all of the above notes the same size as modern small notes? Or are these larger size? Haven't seen any in person yet...
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 Posted 08/24/2010  4:17 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Large size notes are called that because they are 190mm x 80mm versus the size of 'small size notes of 156mm x 66 mm. During most of 1928 and the first half of 1929, the most of the notes being printed were small sized notes. Although the earliest small sized notes carried a series of 1928, the decision was made not to release any of these new small size notes until after the beginning of the next fiscal year which was July 1st. The first small sized notes were finally released into circulation on July 10th 1929.

All of the above pictured notes are of the large size varieties. Nick's note is series 1918, and mine are both 1914.


Here are one of the last large and one of the first small for design comparison, series 1923 and 1928 silver certificates, both actually printed in late 1928....





Federal-Reserve-Note

Federal-Reserve-Note
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Waredu's Avatar
United States
397 Posts
 Posted 08/24/2010  4:20 pm  Show Profile   Bookmark this reply Add Waredu to your friends list Get a Link to this Reply
Is the one on the bottom one of those infamous trinary notes I keep hearing about?
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 Posted 08/24/2010  4:29 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Trinary, although collectible to some as such, is nothing more than a joke to me. I mention them with a mouthful of sarcasm only.

Yes, it is a trinary. Woooo Hoooo.
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bvalania's Avatar
United States
458 Posts
 Posted 08/24/2010  4:32 pm  Show Profile   Bookmark this reply Add bvalania to your friends list Get a Link to this Reply
I have an off topic question Zeewool. I'm very interested in buying a 1928 red seal $1 note that were issued to Puerto Rico. My local coin store tells me in CU condition he sells them for $200. I would jump all over that price but he does not have any right now. When I view them on the bay they are $500-thousands of dollars in CU condition. Is it that my dealer is under priced or ebay is overpriced?
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Waredu's Avatar
United States
397 Posts
 Posted 08/24/2010  4:38 pm  Show Profile   Bookmark this reply Add Waredu to your friends list Get a Link to this Reply

Quote:
Trinary, although collectible to some as such, is nothing more than a joke to me. I mention them with a mouthful of sarcasm only.


I know - I was only mentioning it as a joke. Personally, I've never really gotten into collecting bills. I've found a total of 1 (one) radar in my life. And it was so bad off that it wasn't even worth a premium.
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 Posted 08/24/2010  6:37 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply

Quote:
My local coin store tells me in CU condition he sells them for $200

Quote:
Is it that my dealer is under priced or ebay is overpriced?


The notes released in P.R. are generally a bit cheaper than the 5000 notes released in Washington D.C. strictly because of the serial numbers being higher than the D.C. notes. 5000 and below = D.C., and above 5000 = P.R.

I would say that if your dealer is selling CU notes for $200, then he has a different definition of what CU means than do most folks.

As far as ebay goes, these notes are like most other things.....they sell for what they are worth to a particular buyer. Sellers can ask 3 million dollars for them, but that doesn't mean they are selling them for that. Look ONLY at the 'completed listings' when trying to determine current values, ignore the current listings, and especially the Buy It Nows.

http://cgi.ebay.com/HGR-1928-1-Red-...aultDomain_0

http://cgi.ebay.com/1928-1-FR-1500-...aultDomain_0
Edited by zeewool
08/24/2010 6:53 pm
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grime5's Avatar
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811 Posts
 Posted 08/29/2010  12:29 pm  Show Profile   Bookmark this reply Add grime5 to your friends list Get a Link to this Reply
those are some beautiful notes you guys have there.i can only dream of having one of those.love looking at the pictures of them. later greg
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