$1 Series Year 1963 Federal Reserve Note
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- Опубликовано: 15 сен 2024
- A comprehensive explanation of $1 Federal Reserve Note. Series year, images on the obverse and reverse of the note. Treasury seal, and serial number color. The Federal Reserve Act, distribution of notes via the Federal Reserve Bank and Districts. The dimensions of note, inspiration for size reduction, and approving authority.
Just found another Series 1963 since my last upload. It's circulated, but still worthy of retirement from circulation. Amazes me that they are still allowed to be pretty much unchanged from their debut in late '63. The year 2000 is the closest they came to removing $1 bills from circulation by introducing the "Golden" Sacagewa Dollar coins, except that they made the mistake of allowing people to continue using both currency and coin.
Section 116 of the annual Financial Services and General Government Appropriations Act that prohibits the redesign of the $1 bill.
The question I pose is. Is it to commemorate the individual/ images on the note. The first POTUS, and our country's Great Seal, or do you buy the infrequent counterfeiting theory 🤔🫣🤔.
Series year 1963 is always worth retirement. That note has worked long enough.
Talk to you soon brother...
I know about that act, it also applies to the $2. While they are pretty low on the counterfeit risk scale, I feel like it was just a scapegoat reason. I just feel like some members of Congress have made those laws because they want something to remain the same like the current longevity champion being the Roosevelt Dime with the same obverse and reverse since 1946 or 78 Years. I feel like they will eventually drop the $1 and $2 bills for coins, before considering passing a new law that would change those designs.
@@collectingonthecheap56353I don't know about that one. The US $1 bill is the most recognized note in the world. Before it goes. I think all currency will become digital 😮😅😊...
@legaltender1980 you might be right. I am just a strong advocate of the Dollar coin, and just want us to be like the other nations who ditched the paper for the coin.
@collectingonthecheap56353 I saw that a lot with my stay and travels abroad...
I'm my opinion they won't change the 1 and 2 dollar bills because it is so recognized and it provides an air of stability.
I agree with your statement. Not so much because of the stability you spoke about, but I would say more so because of legacy. The familiarity of the $1 note is second to none, and the image on the reverse of the $2 note is a significant event in American history...
Hello, I wonder when they put into circulation 1963 federal series notes alone with the already in circulation silver certificates, how long did it take for the government to train citizens and remove the silver certificates from circulation. That would have been interesting to see.
Hey Oxtails1. There was a certain date that the federal government established (I forget the actual date), when Silver Certificates would have no intrinsic value (no longer redeemable in silver), so the note would be obsolete. I will look into my notes and get that actual date.
But Federal Reserve Notes were already in circulation during that time. The government was trying to remove all Silver Certificates from circulation...
What about the two dollar bill, it is still being printed and its a small face, just not in large quantities?
Yes. The $2 dollar bill is currently still bring printed. The exact volume of printing is unknown to me.
But the first $2 Federal Reserve Note was first printed after the first $1 dollar Federal Reserve Note. The first (FRN) has a series year of 1976. Commemorating the bicentennial...
The Red Seal Notes were produced during those 35 years. It was not untill 1966 that the last few million dollars were printed as 100 and the law authorizing them was fulfilled.
They needed to end the run of U.S. Treasury red seals and silver certs before they printed 1 and 2 dollar federal reserve notes.
Mines is not as crisp as yours, I purchase one from my local coin store and two I have pull from circulation, one from a gas station getting gas and the second from bank strap search, luck find probably because I live in a small town, of course this happens over a span of years.
That's awesome having 3 (I consider) pivotal, and subsequently very important notes. I can not even imagine how many important notes I might've had in my hands as I was growing up. My knowledge of numismatics is constantly growing. I recently found out about this note, and the note that influenced our country's currency, the Philippines Peso 😮😊😮...
Numismatics is very interesting and educational...