A 2009 AA Block $1 FRN
Entry posted by Revenant ·
Perhaps proving that I have no self-control or perhaps that I just lie to myself a lot, about 30 hours after saying I was going to try to not buy anything for the next 3 weeks I bought something.
I was looking around on eBay and saw this. I'd been wanting a $1 FRN note for a while for two reasons: 1) I wanted one for the "Currency of my life" signature set I want to keep working on as time allows and 2) I wanted one for my Zimbabwe signature set.
That 2nd one might seem fairly odd - I'll now have about 5 US FRNs in a set about Zimbabwe - but I feel like that set needs FRNs in it to cover the period from around April 2009 to 2016. This is the period after the 4th dollar was officially suspended but before the bond notes (pegged to the US dollar) were released. During this period the US dollar and Federal Reserve Notes were the defacto currency of Zimbabwe and many people / banks had accounts denominated in US dollars. There were other currencies used at the time under the "multi-currency system" but all indications I've found say that the US dollar, as the world reserve currency, was far and away the dominant one of the group.
This note arguably is kind of a "meh" grade - it feels strange to call a 66 EPQ "meh" but I just know that 67s and 68s are quite common for modern notes. But the note was priced accordingly and at $19 it was cheap enough for me to treat it was random impulse buy. More importantly, there were two things about this note that really sold me on it. 1) It's a 2009 dated note, so its for the "right" year for the purposes of the set. 2) It's AA block - and AA is the prefix used by Zimbabwe for most of the 3rd and 4th dollars and the first series of the Bond notes and the New series notes. Unlike the 4th dollars, the new notes and bond notes have been in production and circulation long enough to have AB, AD, and BB blocks among others. I've never seen a 4th dollar with anything other than an AA prefix. Yeah, I guess there are a few ZA prefix replacement notes but that's different. If I ever found or heard of a legitimate AB prefix 4th dollar I'd be shocked half to death at this point.
The note also happens to be relatively contemporary with the Great Financial Crisis of '08 and has the signature of Good ol' "TurboTax Tim."
I see there being at least one more $1 FRN purchase in my future because I have a different set of wants for the "Currency of My Life" Set. While I might include this note in that set as well, I'd like to have a 1988 note from the Dallas Federal Reserve Bank - just because my wife and I were both born in Texas in 1986 and the 1988 series seems to be the first series from after we were born.
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