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Why are some banknotes hot commodities for collectors?

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The BDN Opinion section operates independently and does not set news policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com

Sheldon H. Jacobson, Ph.D., is a professor of computer science at the University of Illinois at Urbana-Champaign. A data scientist, he applies his expertise in data-driven, risk-based decision-making to evaluate and inform public policy. He wrote this for the Chicago Tribune.

Tax Day has now passed, and people have money on their minds.

You may have read news reports that people should not spend certain banknotes because they may be worth thousands of dollars, far more than their face value. Before anyone opens their wallet to use their newfound wealth to book a luxury cruise or make a down payment on a new SUV, I will examine this issue and determine whether such claims are true. For simplicity, my analysis focuses entirely on $1 banknotes, though a similar analysis could be taken for other denominations.

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