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It was not until 1877 (19 Stat. 353) that the Bureau of Engraving and Printing was given funding for labor, paper, transportation, and other expenses with the provision that all work be conducted on site, and for a price commensurate with that of the private bank note companies. On 1 October 1877, the BEP took over the production of both United ...
They were not redeemable but were receivable for all taxes and debts, which is what persuaded people to circulate them. They had a red seal and were originally issued in denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. $5,000 and $10,000 notes were issued in 1878 and have
The notes were not legal tender in general, but were satisfactory for nearly all payments to and by the federal government. National Bank Notes were retired as a currency type by the U.S. government in the 1930s, when U.S. currency was consolidated into Federal Reserve Notes , United States Notes , and silver certificates .
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 United States. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money other than the currently issued Federal Reserve Note .
1863 $100 Legal Tender note The first $100 Gold Certificates were issued with a bald eagle to the left and large green 100 in the middle of the obverse. 1880 $100 Legal Tender (1869 version) A new $100 United States Note was issued with a portrait of Abraham Lincoln on the left of the obverse and an allegorical figure representing architecture ...
The notes did not see much circulation among the public because they were printed to facilitate transactions between banks. [1] In 1878 and 1880 the Treasury produced the $1,000 bill as a silver certificate. Other subsequent versions were produced in 1878, 1880 and 1891. In 1913, a large-size version of the bill was issued as a Federal Reserve ...
However, due to intense demand for $100 bills from banks, Series 2006A (with the same Cabral-Paulson signatures as series 2006 notes) was printed, using the series 1996 design instead of the new 2009 design. The redesigned $100 note was finally issued in October 2013 as series 2009A, not series 2009 as the defective notes were dated.
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