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Most likely, the American Bank Note Company engraved the printing plates for $5 and $10 notes while the National Bank Note Company engraved the printing plates for the $20 notes. All of the Demand Notes were printed by the American Bank Note Company. [5] As designed, they were of the same size, and in appearance closely resembled banknotes. [8]
The differing sizes of other nations' banknotes is a security feature that eliminates one form of counterfeiting to which U.S. currency is prone: Counterfeiters can simply bleach the ink off a low-denomination note, such as a $1 or $5 bill, and reprint it as a higher-value note, such as a $100 bill.
The American Bank Note Company of New York was the winning bidder for the second Postal Note engraving and printing contract. Thomas F. Morris, creator of the acclaimed designs for U.S. currency and stamps, as well as stock and bond certificates, etc., was assigned to design and engrave the new Postal Note (Type IV). [3]
Securities. A banknote – also called a bill ( North American English ), paper money, or simply a note – is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender ...
A 1939 promissory note, Rangoon, Burma. A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document. More specifically, it is a document contemplated by or consisting of a contract, which promises the payment of money without ...
A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...
The top note in each image is a web note; the bottom note is sheetfed. The red box indicates the faceplate number on a web note, which is near the bottom right corner, while blue boxes indicate the faceplate number, in the bottom right corner, and a position indicator number, in the upper left corner, on a sheet-fed note.
Replacement banknote. A $100 "star note". The asterisk, or "star" following the serial number indicates this is a replacement note for one that was misprinted or damaged in the printing process. A replacement banknote, commonly referred to as a star note, is a banknote that is printed to replace a faulty one and is used as a control mechanism ...
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