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Executive Currency - Offering Rare Paper Money for the Connoisseur

LABEL SET: $1 1969-A==C 07124001 B==NO BEP LABEL==scarce==RETAIL $100-250==Ch New
LABEL SET: $1 1969-A==C 07124001 B==NO BEP LABEL==scarce==RETAIL $100-250==Ch New
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                         LABEL  SETS


Label sets offer a fascinating collectible and, while not rare when initially delivered to the Federal Reserve bank or cash distribution centers, because so few are saved if their cost was parallel with their rarity then it would take a king's ransom to acquire one.  Major grading services can now produce holders to accommodate all parts of a label set.


The evolution of the end labels is fascinating and a reflection of ongoing technology.  The earliest end labels were wooden slats with the end label glued to the top slat.  The 4,000 notes were held together by steel straps. (As a side note, it is these steel straps which caused the rust found on the edges of many $2 1976 notes, because they were stored for so many years.)  Currently, each bundle of 1,000 notes (10 packs of 100 notes) is shrink wrapped with an adhesive label imprinted with the denomination, series, and beginning serial number.  Four bundles of 1,000 notes are then placed into a cellophane wrapper to create a brick.



A "true" LABEL SET consists of the BEP packaging imprinted with data, which has evolved over time.  Typically, the imprint includes:

                        --the denomination

                        --the series year

                        --the district of issue (for Federal Reserve notes)

                        --the serial number of the first note in the brick

                        --the serial number of the last note in the brick

                        --the caveat that star notes are inserted if the actual sequence                             of serial numbering is disrupted



                        --the LABEL,

                        --the FIRST and LAST NOTES, identified by serial number



                        --the LABEL,

                        --the FIRST NOTE, as identified by serial number



Further adding to the allure of these unusual items is that either the first, the last, or both of the notes will carry a fancy serial number.  In the most exciting instances the first serial will be 00000001 and in other cases, at the end of the run, the last serial will be 999999999.



Modern "blister packs", sealed with shrink wrap and including a bar code label that contain ten (10) packs of star/replacement notes will have the series, district, and serial numbers of the notes in which the stars are intended to replace.  It is not uncommon to see a label imprint of one series but the actual star notes one or, even, two series prior!


This area remains generally overlooked/under appreciated and if interest in this specialty area increases, one might potentially expect the value of these to soar.  As mentioned: many are made, few are saved.


Recently, our firm bought a label set with serial 00000001 beginning, 00004000 ending, plus the label for $7,500.  Most label sets cost no where near that much.  Although random ads appear in the numismatic literature and online auction sites showing these between $100-250, we have priced this set more attractively.


The items in this particular sale are illustrated below.  Expect individual notes to grade at least Choice New 63 PQ, unless otherwise noted. This set DOES NOT include the label, but the notes have grease stains on them from the label!!