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In 1882, the note was issued as a gold certificate. In 1928 the treasury began to issued small-size bills and the $1,000 denomination featured US President Grover Cleveland. The small-size was issued in 1928 and 1934. [4] Examples of $1000 bills are valued by collectors and they regularly sell for more than their face value. [4]
National Bank Notes were issued by banks chartered or authorized to do so by the Federal Government. The charter expired after 20 years, but could be renewed. They were of uniform appearance except for the name of the bank and were issued as three series or charter periods: 1869–1882, 1882–1902, and 1902–1922.
As of December 2013 the Federal Reserve reported [10] holding $11.037 billion (face value) of these certificates. The Treasury backs these certificates by holding an equivalent amount of gold at the statutory exchange rate of $42 2/9 per troy ounce of gold, though the Federal Reserve does not have the right to exchange the certificates for gold ...
On banknotes of the United States dollar, the series refers to the year appearing on the obverse of a bill, indicating when the bill's design was adopted. The series year does not indicate the exact date a bill was printed; instead, the year indicates the first year that bills of the same design were originally made.
Large-denomination currency (i.e., banknotes with a face value of $500 or higher) [1] had been used in the United States since the late 18th century. [2] The first $500 note was issued by North Carolina, authorized by legislation dated May 10, 1780. [3]
The certificates were initially redeemable for their face value of silver dollar coins and later (for one year from June 24, 1967, to June 24, 1968) in raw silver bullion. [1] Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value and thus are still an accepted ...
The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre. The Type 1 issue has the smallest diameter (0.5 inch =12.7mm) of any United States coin minted to ...
2012 Dollar (obverse), 2nd of four U.S. presidents issued in 2012. 2012 Dollar (obverse), 4th of four U.S. presidents issued in 2012. $1000 Gold Certificate (1934) depicting Grover Cleveland. Banknotes. Federal Reserve Note. $20 Series of 1914; All $1000 small size Federal Reserve Notes; Gold Certificate. $1000 Series of 1928; $1000 Series of 1934
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