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Inventory Information For Currency

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StormStrikes's Avatar
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 Posted 06/14/2011  3:21 pm Show Profile   Bookmark this topic Add StormStrikes to your friends list Get a Link to this Message Number of Subscribers
Okay, setting up an inventory for coin seems relatively straight forward ad you need to note the date, denomination, mint mark, etc. However, if I want to start keeping an inventory record of the paper moeny I have, what items should I keep record of?

I know you need the value (denomination), Serial number, series, but what else should I be including in the inventory data?
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coinsearcher83's Avatar
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1358 Posts
 Posted 06/14/2011  3:37 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Hmm.. Plate position, plate numbers, signatures.. Seal type/color..

All optional, though.. Except signatures and seal for older issues..
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 Posted 06/14/2011  3:50 pm  Show Profile   Bookmark this reply Add jlg1130 to your friends list Get a Link to this Reply
I keep an inventory for my collection, and they only info I include is:

-Series year
-Denomination
-Serial number
-Quantity (as in, how many I have of a particular denom, and it's series)
-Sheets vs. single notes.

I'll also include other little things, like whether or not it's a star note, if it's a short print run, if it's a web press note, things like that.

Any other information, I feel is unnecessary.
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StormStrikes's Avatar
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136 Posts
 Posted 06/14/2011  5:21 pm  Show Profile   Bookmark this reply Add StormStrikes to your friends list Get a Link to this Reply
Okay, seems like I need to get edumucated on paper currency. As I know absolutely nothing about plate position, plate numbers, short or long print runs, web press notes, etc. So can someone point me to some informaion in which I can start learning?
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coinsearcher83's Avatar
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 Posted 06/14/2011  6:06 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Do you have a dollar bill on you?

On the left hand side of the front, you'll see a small letter and number. This is the "plate position" of the note, and shows where on the 32-note sheet (for modern bills) the note was printed.

On the right-hand side, there are another letter and number. The number is the "plate number" of the plate that was used to print the bill. The letter should match the one on the left side; it's called a "check letter." a small FW means the note was printed in Fort Worth, Texas. No FW means Washington, DC.
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coinsearcher83's Avatar
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 Posted 06/14/2011  6:12 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
On the reverse, under the "E" in ONE is the plate number for the reverse printing plate.

Web press notes were experimental notes made by the BEP using new rotary printing presses. These notes were made during series 1988A, 1993, and 1995. They are designated with a single number on the right hand side of the front where the plate number usually is. No plate position markings. These are difficult to find in circulation.
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coinsearcher83's Avatar
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 Posted 06/14/2011  6:15 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
A good website for information is https://www.uspapermoney.info .. This has lots of information of modern small size notes, such as run size and month printed.

Oh, regarding run size.. For modern star notes, runs of less than a million are "short runs".. "normal runs" are printed in quantities of either 3.2 or 6.4 million notes, usually..

Hope this helps!
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StormStrikes's Avatar
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 Posted 06/14/2011  8:12 pm  Show Profile   Bookmark this reply Add StormStrikes to your friends list Get a Link to this Reply
coinsearcher, thank you for all that info. I, in fact, found the website you referred to and have been spending most of the evening (at work no less because its slow) copying all that information into a document I could print out and study a bit.

I am a little lost on something though. I have a $5 bill that I was looking at while reading the info on that web page and it showed a H8 plate position, but I dont see how they get H8 from a 32-specimen sheet using the information given.
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coinsearcher83's Avatar
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 Posted 06/14/2011  8:24 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
No problem!

About the five.. Are you sure it's not the plate number, found on the right hand side of the note?

The plate position letters are A-H, and the numbers are 1-4..

8(H) times 4 equals 32..

What is the series and serial of that note?

Also, I think somewhere on that site is a PDF file with lots of info on it that's useful to download
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StormStrikes's Avatar
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 Posted 06/14/2011  9:14 pm  Show Profile   Bookmark this reply Add StormStrikes to your friends list Get a Link to this Reply
Nope, it was the letter and number in the upper left hand side.

The serial number was IH 32087107 A. The plate number, if I am reading things correctly (lower right side) is A59 made in FW (Fort Worth)

The number in the lower left is A1 (by the signature).
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coinsearcher83's Avatar
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 Posted 06/14/2011  9:32 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Oh, gotcha

H8 represents the Federal Reserve Bank of St. Louis, Missouri..

If you look at a one dollar bill, you'll see a black seal with a letter in it, and four corresponding numbers. On higher denominations, this is represented by a black letter/number under the serial number, like what you just found. This Letter/number combination is the FRB the bill was "sent to" after it was printed. I use quotation marks because the Gov doesn't really follow that rule anymore..

The FRBs and their call letters are:
A1: Boston, Massachusetts
B2: New York, New York
C3: Philadelphia, Pennsylvania
D4: Cleveland, Ohio
E5: Richmond, Virginia
F6: Atlanta, Georgia
G7: Chicago, Illinois
H8: St. Louis, Missouri
I9: Minneapolis, Minnesota
J10: Kansas City, Missouri
K11: Dallas, Texas
L12: San Francisco, California
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coinsearcher83's Avatar
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 Posted 06/14/2011  9:34 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
So, on your bill, A1 (in the lower left) is the plate position, and fw A59 is the front plate number..
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StormStrikes's Avatar
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 Posted 06/14/2011  9:55 pm  Show Profile   Bookmark this reply Add StormStrikes to your friends list Get a Link to this Reply
Okay, cool. Thanks for all that great info. I'll be studying stuff for days on end now trying to get up to speed.
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coinsearcher83's Avatar
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1358 Posts
 Posted 06/14/2011  10:03 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Glad to be of assistance!

Have fun!
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