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Paper Money of the United States, 19th Edition. Clifton, NJ, The Coin & Currency Institute, Inc. ISBN 0-87184-519-9. Heitman, Francis B. (1914). Historical Register of Officers of the Continental Army During The War of the Revolution. Washington, DC, The Rare Book Shop Publishing Company, Inc. Sobel, Robert, (ed.) (1990).
The workforce employed in these paper money factories was quite large; it was recorded in 1175 that the factory at Hangzhou alone employed more than a thousand workers a day. [22] However, the government issues of paper money were not yet nationwide standards of currency at that point; issues of banknotes were limited to regional areas of the ...
The first ten-thousand-dollar bills were issued as large-size paper money measuring 7.38 in (187 mm) by 3.18 in (81 mm) and portrayed Andrew Jackson.Beginning with the 1928 series, the size of the bill was reduced to the small-size variety measuring 6.14 in (156 mm) by 2.61 in (66 mm).
Demand Notes are considered the first paper money issued by the United States whose main purpose was to circulate. They were made because of a coin shortage as people hoarded their coins during the American Civil War and were issued in denominations of $5, $10 and $20. They were redeemable in coin. They were replaced by United States Notes in 1862.
Congress continued to issue paper money after the Civil War, the most important of which was the Federal Reserve Note that was authorized by the Federal Reserve Act of 1913. Since the discontinuation of all other types of notes (Gold Certificates in 1933, Silver Certificates in 1963, and United States Notes in 1971), US dollar notes have since ...
5 Best Places To Sell Rare Coins and Paper Money. Andrew Lisa. September 5, 2024 at 3:00 PM. RichLegg / Getty Images/iStockphoto.
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