Questions On Series 1963 $5 Notes - Coin Community Forum

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Author	Replies: 6 / Views: 1,675
ghostrider Pillar of the Community United States 1116 Posts	Posted 10/22/2014 11:08 pm This week I purchased 2 1963 $5 bills. Since I'm new to this field I most definitely have some questions. 1: After I got the bills home and were looking at them I was surprised to see that they were not Silver Certificates but were "United States Note". Why am I confused on this? They were printed while the U.S. was minting silver coins, or does this have nothing to do with each other? 2: One of the notes is a Star note. One note had the following serial number: A60613247A and the other (star note) had the star followed by 02722219A. On a star note does the star replace the leading alpha character. 3: At this point in time, did the alpha character depict the Federal Reserve district as they do today? Both bills appear to be crisp with some wrinkling noted, but the ink does appear to be fresher on the regular note than on the star note Report this Post to the Staff

jimbucks Pillar of the Community United States 4691 Posts	Posted 10/22/2014 11:13 pm Good questions, here are the answers. 1) They have nothing to due with the minting of silver coins. 2) Yes. 3) No. Report this Post to the Staff
WheatBack Pillar of the Community United States 2850 Posts	Posted 10/22/2014 11:25 pm 1. $5 silver certificates stopped after the 1953 series. A big misconception is many notes were printed for many years after the indicated series on the note. The only Series 1963 $5 notes issued were Legal Tender Notes (red seals) and Federal Reserve Notes (green seals). 2. Yes. In this series the serial number prefix is replaced with a star. FRNs (green seals) have the suffix replaced with a star. 3. On Legal Tender Notes they did not represent a district. On the other hand, the prefix on modern FRNs indicate the district. Report this Post to the Staff
Kefiroth Pillar of the Community United States 1431 Posts	Posted 10/23/2014 10:08 am Quote: A big misconception is many notes were printed for many years after the indicated series on the note. Misconception? But it's true. Report this Post to the Staff
WheatBack Pillar of the Community United States 2850 Posts	Posted 10/23/2014 11:40 am Quote: Misconception? But it's true. Oops. Thanks for catching my mistake. What I meant to say is a big misconception is the notes are only printed for the year listed on the note, but it's much the opposite. They are printed for many years after that printed date on your bill. Edited by WheatBack 10/23/2014 11:43 am Report this Post to the Staff
ghostrider Pillar of the Community United States 1116 Posts	Posted 10/23/2014 10:09 pm WheatBack I've seen that that revised statement of yours is quite true. A series in continually printed until there is either a complete revision to the bill or a change in either of the bill's signatories. Report this Post to the Staff
DoubleEagle20 Pillar of the Community United States 1748 Posts	Posted 11/15/2014 12:46 pm United States Notes are fiat money in its truest form. Issued directly from the U.S. Treasury, they are not subject to any interest payments as are associated with Federal Reserve Notes. They are pure money by decree. They are worth their face value simply because the U.S. Treasury says they are worth it. Edited by DoubleEagle20 11/15/2014 12:51 pm Report this Post to the Staff
	Replies: 6 / Views: 1,675

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