Basis in Law

[David Merrill]

Yes - good point, and what you have stated above is based on the ongoing transfer and use of Lawful Money United States (currency) notes, which remain outstanding and in circulation within the economy - and accounted for, but not currently being held by the Dept. of the Treasury.

My understanding is that there are some that get snagged up for collectors items in coin shops. The vast majority of US notes though are being held in the Federal Reserve banks.

[JohnnyCash]

I own a few. You can find them on eBay but they sell for more than face value: http://www.ebay.com/sch/United-State...-/40033/i.html

[John Howard]

Interesting that they began counterfeiting the notes (1963, no "Will Pay the Bearer on Demand") before they began counterfeiting the coins in 1965.