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[nb 2] The first National Bank Notes were issued on 21 December 1863. [17] In 1871, George Frederick Cumming Smillie (G.F.C. Smillie) worked for his uncle James David Smillie at the American Banknote Company. In his career Smillie began working as an engraver for the U.S. Bureau of Engraving and Printing (BEP) in 1894. In 1918 he was made the ...
The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is Federal Reserve Notes (paper money) for the Federal Reserve, the nation's central bank.
In the case of the last issues of small size National Bank Notes, referred to as Type 2 notes, the charter number also appeared twice in brown ink in line with the note's serial numbers. Small size National Bank Notes look very similar to, but are distinctly different from, the emergency 1933 issue of the Federal Reserve Bank Notes. These were ...
The note features Albert Sealy's engraving of Thomas Jefferson on the obverse of the bill. The note was known as the "Woodchopper Note" or "Pioneer Note" because there is a depction of a man with an axe in the center of the obverse. It was a large-size US bank note measuring 7.125 in (181.0 mm) x 3.125 in (79.4 mm). [1]
Art and engraving on United States banknotes (all), Steel engraving, and others. FP category for this image U.S. History Creator American, Continental, and National Bank Note Companies under contract to the Bureau of Engraving and Printing. Restoration by Godot13.
Such notes had value only if the bank could be counted on to redeem them; if a bank failed, its notes became worthless. The federal government sometimes issued Treasury Notes to borrow money during periods of economic distress, but proposals for a federal paper currency were politically contentious and recalled the experience of the Continental ...
Some one dollar bills printed in 2014 and 2016 feature a mistake from the US Bureau of Engraving and Printing that could make them worth $150,000 by collectors. ... for a total of 6.4 million ...
The Secretary of the Treasury was given broad latitude by Congress in 1862 to supervise the design, printing, and issue of banknotes. [nb 2] [4] The Secretary, with input from the Bureau of Engraving and Printing, has final approval over the design of banknotes. [nb 3]