Federal Reserve Notes - Coin Community Forum

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Author	Replies: 11 / Views: 1,916
tumbleweedtrumpet Pillar of the Community United States 1418 Posts	Posted 10/21/2009 1:12 pm What does it mean to be a federal reserve note? Report this Post to the Staff

hc8604 Valued Member United States 303 Posts	Posted 10/21/2009 1:49 pm It should have a green seal and should say Federal Reserve Note. Unless you want to know the process of the Federal Reserve? Some FRN used to be blue as the Silver certificates, but that was a long time ago. Report this Post to the Staff
karrlot Pillar of the Community United States 535 Posts	Posted 10/21/2009 2:21 pm In general - FRN is just a way to classify the type of bill. currently allof our bills that we use are FRNs. In the past there have been different types United States Note, National Bank Note, Silver Certificate, Gold Certificate and I'm sure others. The different types have to do with how the financial system was set up when the note was issued. I don't know if silver certs or gold certs were technically a FRN, but collectors will usually refer to those as gold or Silver Certs, not as an FRN. Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 10/21/2009 2:55 pm Quote: What does it mean to be a federal reserve note? At the present time it means that you are backed by a mountain of debt and no foreign government wants anything to do with you! Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 10/21/2009 3:17 pm Are silver certificates still legal tender? Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 10/21/2009 3:56 pm Yes, they are legal tender but you aren't going to get the silver they used to be backed with Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 10/21/2009 3:57 pm Only federal reserves! Report this Post to the Staff
tumbleweedtrumpet Pillar of the Community United States 1418 Posts	Posted 10/21/2009 4:54 pm Is the 1928 2 dollar bill one? What is it? Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 10/21/2009 5:07 pm That would be a United States note! (red seal) Report this Post to the Staff
tumbleweedtrumpet Pillar of the Community United States 1418 Posts	Posted 10/21/2009 5:08 pm Is the only difference the title and seal color? Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 10/21/2009 5:09 pm http://www.friesian.com/notes.htm See if this helps you out! Report this Post to the Staff
Sap Moderator Australia 16826 Posts	Posted 10/22/2009 02:09 am The difference is in the authority under which they were issued. As I understand it, "United States Notes" are (or were) issued by the US Treasury (ie on direct order from the government). Federal Reserve notes are issued by the Federal Reserve Bank. They stopped printing US Notes in the 1970's. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
	Replies: 11 / Views: 1,916

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