My US Bank Note Type Set

Outstanding!

Fantastic!

So glad it finally made it home.

Very nice example, great background information.

Well I got my notes , only took 2 days but I haven't had time to take pictures and I probably won't till Monday. This is what happens when my wife is off (not that I mind) and I took a few days off.

I like packages with stamps! Sadly this package had none, I mean not one, I was like what the heck




While it had no stamps, it did some notes inside

Today you get a $20 Federal Reserve Bank Note from Richmond. So you ask yourself "What are Federal Reserve Bank Notes?" (You probably don't as you know what they are, but this forum's job is to educate, so I will the question that you already know the answer to).

Small size Federal Reserve Bank Notes were printed as an emergency issue in 1933 using the same paper stock as 1929 National Bank Notes. They were printed in denominations of $5 through $100. A National Bank Note has a line for the signature of the president of the national bank, but the small size Federal Reserve Bank Note printed a bar over the label for this line, since Federal Reserve Banks had governors, not presidents. The wording, "Or by like deposit of other securities" was added after the phrase, "Secured by United States bonds deposited with the Treasurer of the United States of America". This emergency issue of notes was prompted by the public hoarding of cash due to many bank failures happening at the time. This also limited the ability of the National Banks to issue notes of their own. Small size Federal Reserve Bank Notes were discontinued in 1934 and have not been available from banks since 1945. As small size notes, they have brown seals and serial numbers, as do National Bank Notes of the era. But while they look very similar, and both have the words, "National Currency" across the top of the obverse, they had different issuers and are considered to be distinctly different types of bills.

From reading these aren't actively collected, but I find them interesting. I was looking to get a $100 series but they were sold out so I got a $20 from Richmond as we helped a good friend move to VA. Gives the note some sentimental value.

Today's note is a 1966 $100 US Note.

A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Being issued for 109 years, they were issued for longer than any other form of U.S. paper money. Often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency.

They were originally issued directly into circulation by the U.S. Treasury to pay expenses incurred by the Union during the American Civil War. During the next century, the legislation governing these notes was modified many times and numerous versions were issued by the Treasury.

United States Notes that were issued in both the large-size format, before 1929, and in the small-size format, starting 1929. They are very similar to contemporary Federal Reserve Notes of the same denominations with the distinction of having red U.S. Treasury Seals and serial numbers in place of green ones.

Existing United States Notes remain valid currency in the United States; however, as no United States Notes have been issued since January 1971, they are increasingly rare in circulation and command higher prices than face value as items of numismatic interest.

This note is from 1966 in which the $100 was the only one issued. A total 768,000 1966 $100 red seals were printed and most were stored in treasury vaults. Many were destroyed when the law repealing the Legal Tender status was terminated by congress. Red Seals were also issued in $1, $2 and $5.

Now that's impressive!

From red we go to blue. I was missing a star 1957 A and the price was good.