Exchanging notes you've found in circulation
- Published: Aug 21, 2014, 9 AM
Editor's note: The following is the first of a multi-part Coin World series prepared by Michele Orzano for the September 2014 monthly edition of Coin World.
Read other posts in the series:
- There's more than lint in your pocket or purse: Take a closer look at your paper cash
- There are many different ways to build a collection of paper cash from circulation
Think you only have some ratty paper cash in your pocket that's only worth it's face value?
Think again. You could have the makings of a party if you look carefully enough at those notes.
Looking for notes in circulation can provide you with the start of a series year date, signature combination or Federal Reserve Bank collection.
You could get started by just setting aside every $1 FRN you find in circulation. I did that for a period of several weeks and ended up with 21 notes — all but two had been printed at the BEP’s Fort Worth facility.
Four series were represented — one Series 2003A note, two Series 2013 notes, three Series 2006 notes and 15 Series 2009 notes.
All but the Boston and Minneapolis Federal Reserve districts were represented among my 21 notes. I found no star notes or “fancy” serial numbers, but just had some quick, inexpensive fun.
You can enjoy the “hunt” solo, like I did, or you can team up with others to increase the fun of the hunt.
You could gather friends and family and host a “what’s in your wallet/purse?” party.
This can be as simple as pulling up some chairs around the kitchen table and using the cash everyone has on hand. Or you could open it up to a larger group, say at a coin club or as a family reunion activity.
Once individuals determine what they have in the form of series year dates, signature combinations and Federal Reserve districts, let the trading begin!
If the group will be a large mix of adults and kids (and some members are electronic-payments-only types) probably the best approach would be to designate one adult to go to a bank and get 100 to 200 (or more depending on your group) $1 FRNs.
Distribute the bundle evenly between participants. Now you’ve got a “treasure hunt” of sorts. For every note a participant wants to keep, they can exchange a $1 with the person who brought the cash.
It’s pretty clear that those seemingly “nothing” notes you pulled out of your pocket actually have plenty of potential to be the basis of a fun collection.
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