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I
have a $1,000 Bank of the United States note. How much is it worth?
Replicas of $1,000 Bank of the
United States notes are widely known among
paper money collectors. In fact
they are so well known and there are so many of them that they are
referred to by their serial number – 8894.
This is one of the most widely reproduced replicas of U.S. notes. These
items were most probably issued by the phonograph record company Longines
Symphonette Society in Larchmont, N.Y., in 1967.
The LSS replica is of a $1,000 Bank of the United States note
originally issued in the mid-1800s. The design on the face or front of the
note features an impressive looking building in the center with three
portraits at either end of the note.
 The record firm apparently had these replicas produced as part of a
promotion. The replicas were included in sales brochures that went far and
wide. The replica notes were printed on imitation parchment and were
treated to give them a "yellowed with age" appearance. The key
is they all have the same serial number, 8894.
These replicas don’t have any monetary value but they make
interesting conversation starters.
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I
think I have a $1 note printed on the web press. How can I be sure?
These $1 Federal Reserve notes were printed on the web-fed press
produced on a continuous roll (or web) of currency paper, unlike the
standard sheet-fed presses.
Web notes are easy to spot because of certain adaptations made for the
press. The plate location letter on the face of the notes was removed and
the plate number on the back of the notes was moved to above the E in ONE,
rather than below it as on notes printed by sheet-fed presses.
The web-fed press was discontinued in late 1995 and sold in 1997. Only
three series of $1 FR notes were printed on the press – Series 1988A,
Series 1993 and Series 1995. Check out the classified ads in Coin World
for dealers who sell or buy these notes.
Few such notes should remain in circulation, since the average life of
a $1 bill is 18 months.
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I
have a note with a star in the serial number. Is it special?
A star at the end of a serial number indicates the note is a
replacement for an error discovered after overprinting. Replacement notes
come from an already printed stock of star
notes. Some collectors enjoy
collecting notes with stars and they do bring a small premium over their
face value. Check out the classified ads in Coin World for dealers
who sell or buy these notes.
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