Your 1966 $100 Legal Tender "United States Note" also bears the obligation on the left that reads, THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE. It is absolutely still legal tender. It is just as much legal tender as any Federal Reserve Note, Silver Certificate, Gold Certificate, etc. The notes retained by the Treasury were indeed destroyed in the mid 1990's, but all notes outstanding remain legal tender and fully negotiable at any Federal Reserve Bank for their full face value of $100.
The legal part of “legal tender” refers to a law that gave it value. That law was repealed in the 90’s. So there is no law on the books giving that note value. I have a $10,000 gold certificate that would also disagree with you. I would gladly take $5,000 for it! It’s a really neat thing to say on the web site that every note ever produced can still be spent but it’s just not true. However, most banks will still take them. I would gladly give you face value for one! In fact, stay tuned because I just bought one from a viewer.
I bought the note before realizing how scarce they actually are. I got it because I had never seen one and the right time to buy it is when you see it!!!
I read in a Secret Service book that all notes produced by the US government from 1861 to present day "can" still be spent. However notes produced before 1996 are worth more as collectibles.
I have a $10,000 gold certificate from 1900. Technically 1916. I bought it for $1000. I will gladly take $10,000 for it. I did a top 10 list of US notes that aren’t worth face value.
@@donaldjones5712 For the record, it would cost them about $5 million to buy them back. Actually a lot less since higher grade ones are worth more than face.
Great video Stu. I searched $100 in singles today. Not ONE star note. Did get a Where's George note. Love those. I did log it into the system. Otherwise a boring hunt. Great videos brother 👍
You are used to seeing Federal Reserve notes that start with the letter of the reserve they came from. Red seal Legal Tender notes didn’t come from a reserve. The letters are just used to keep track of how many times they went through all of the serial numbers. Using a star, then the number, and then a letter allowed them to roll the last letter from A to B on stars if they needed that many.
I just got two on these in a $2000 band for the bank in Austin TX 💪 i was shocked to see two in the same band from a bank . any info on them ? I was told the ones with a letter a under the 1966 are worth a lot more ?
In my opinion, these are some of the most undervalued notes out there.The total print run of the 1966 series was 728K with an additional 128K stars. The 1966 A only had 512K. The difference in price for the non stars is barely noticable unless you are talking EF 40 or better. VG 8 is $140 for both. VF 20 is $185 for both. once you hit EF 40, you see $225 vs $275. Very cool circulation finds!
No, by far the rarest small size $100 note is the series 1934 gold certificate, which was not available to the public but only used among banks. It only exists in a museum as nearly all of them were destroyed. It was really unusual in that not only is it a gold certificate with a gold color seal, but also with a goldfish orange reverse just like the old large size gold certificates had.
The $100,000 gold certificate was only used by banks. The $100 note was available and they printed over 3.2 million of them. There were only about 1 million red seals. My friend money talks has a video showing his $100 certificate if you want to see a nice one.
There were about 3.2 million gold certificates printed in 1928. But in 1933, the government forced everyone to redeem them making owning them illegal. $100 back then was a lot of money. Fast forward to 1966 when they print 700,000 red seals and then another 500,000 1966A series. One of my viewers actually got one of these from the bank this year! So it's not "how many were made", but how many are left.
Page 195 of "Paper Money of the United States" under Legal Tender states "only $1, $2, $5, and $100 were issued and all are now obsolete.' It further states that the act of 1878 (which made them legal) was repealed in 1993. Page 187 of the same book says under silver certificates "Only $1, $5, and $10 notes were issued and all are now obsolete, abolished by the act of June 4th, 1963." Thanks for watching!
@@Stuplubakcurrency The treasury was required by that act to have a certain value of United States Notes in circulation, which is why they printed the 1966 $100 notes in the first place since they were going to stop printing the smaller value notes. Most of them just sat in bank vaults and when the act was repealed, the Treasury destroyed them (hence why they're fairly rare). So "obsolete" or not, they're still legal tender and can be spent. Same with the silver certificates: Maybe they're "obsolete" in the sense you can't turn them in for silver coin, but you can still spend them at face value. In fact, all U.S. currency since 1861 is still legal tender at face value. www.usa.gov/currency
@@Rubycon99 I see what you wrote and I see what was written. That doesn't change the fact that my 1900 $10,000 gold certificate is not redeemable for $10,000. Based on that paragraph, it should still be good. It was clearly issued after 1861 by the U.S. Treasury. I will gladly sell it to you for $5000 and you can take it to the bank and double your money. I guess I need to look up the definition of "obsolete". Silver certificates weren't redeemable for silver. They were backed by silver. Prior to 1965, ALL money was redeemable in silver. You could take a legal tender, a FRN, a silver cert, or 100 copper cents and exchange them at the bank for either a Morgan or peace dollar (made of silver) or any combination of dimes, quarters, and halves that were also silver. Legal tender notes from 1861 pre date the act of 1878 so they would still be good. Any note authorized under a now repealed act would no longer be legal because the act that made it more than a piece of paper no longer exists.
@@Stuplubakcurrency Well in the case of that particular gold certificate, those were already redeemed and supposed to be destroyed. They got out during a fire at Treasury storage and for a while the Treasury would confiscate them. At some point they decided they didn't care about pursuing them any longer. This is similar to how the 1933 double eagle and 1964 peace dollar are illegal to own since they're considered gov. property. Unredeemed silver certificates and even gold certificates are still worth their face value today. So are United States notes. You don't have to take my word for it, ask the Treasury. www.treasury.gov/resource-center/faqs/currency/pages/edu_faq_currency_sales.aspx www.treasury.gov/resource-center/faqs/currency/pages/legal-tender.aspx
Are you writing these reports for school? My gold cert is not worth 10 grand. The first thing you showed was a paragraph that said ALL notes are still redeemable for face value. That isn't true. The next article says how you can not redeem silver certs because there isn't any silver backing them any more. Therefore, they are worthless as a currency. (kind of like FRNs) No one is spending millions of dollars at a time worth of silver certs so no one cares about a couple. The 3rd article says that legal tenders and FRNs work the same. The difference is the act involved in their creation. That's great! But it doesn't say that the only difference between a legal tender and a piece of paper was the act that passed to give it value. With the act now repealed, their is nothing to give a legal tender its "legal" part. Yes, every bank in the country will take these. Then they will call me and I will pick them up at face value. I had problems cashing in a 1950 trashed $100 FRN because it didn't have any modern security features. I will never tell a person to take a red seal to the bank or to spend a silver cert. Almost any cashier on the planet will take a red seal or a silver cert because they are $1 and they will buy it themselves. None of this changes the fact that they are obsolete and have nothing backing them.
Question for you, how can you tell if a red seal is fake or real? i got a red seal 100 note for my wedding. looks like someone tried a counterfit marker on it and it came up fake with a marker but i was told with old bills thats normal any insight?
Older money may not pass the marker test. You really don’t want to take a marker to Collectable notes. You want to look at the paper to see the red and blue fibers. You can check the serial number to make sure it’s in the range of what was printed. You can also send me a pic and I can look at it. Generally, people tend to fake notes that everyone is aware of. Red seals tend to draw a lot of attention because no one ever sees them. They also aren’t worth a ton so there would be better opportunities for a counterfeiter. It’s a pretty safe bet yours is real. I have one that’s going up for auction Dec 13.
I would need more info. If it's a 1950, most of them are face value if circulated. Star notes can be 3x. If it's a 1950 C or D it could be $200 or more based on condition.
I have a few $100 dollar bills. All from different years. 1929 one hundred dollar bill from the federal Reserve bank of Cleveland Ohio 1934 lime green one hundred dollar bill 1963-A one hundred dollar bill 1993 one hundred dollar bill 2001 one hundred dollar bill Missing the Red seal one hundred dollar bill which I still have to find.
Very nice! There are 2 other small size $100's. I just got the 1928 $100 that has a number instead of a letter for the federal reserve. Starting with the 1928 A series they used the letter, but not 1928. The one I am still missing is the 1928 Gold certificate. Good luck!
@@MP-ox1iz I had to sell few of my old 100 dollar bills. I only kept the red seal one hundred dollar bill after months of searching for one. since you don't see them that often. But managed to pick up an older $100 dollar bill from 1902 which cost me way more than face value for the banknote.
Your 1966 $100 Legal Tender "United States Note" also bears the obligation on the left that reads, THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE. It is absolutely still legal tender. It is just as much legal tender as any Federal Reserve Note, Silver Certificate, Gold Certificate, etc. The notes retained by the Treasury were indeed destroyed in the mid 1990's, but all notes outstanding remain legal tender and fully negotiable at any Federal Reserve Bank for their full face value of $100.
The legal part of “legal tender” refers to a law that gave it value. That law was repealed in the 90’s. So there is no law on the books giving that note value. I have a $10,000 gold certificate that would also disagree with you. I would gladly take $5,000 for it! It’s a really neat thing to say on the web site that every note ever produced can still be spent but it’s just not true. However, most banks will still take them. I would gladly give you face value for one! In fact, stay tuned because I just bought one from a viewer.
Wow! Congratulations Steve! What an amazing find! I’m happy for you! Thank you for sharing and for the $100 red seal debut! Blessings always! ❤️✝️
I also have one red $100 bill, thank you for all the info you give us on currency
Great note and very undervalued!
LOVE the Red Seal small United States Notes series as I mention in your prior video. The 1966 100 is a peculiar note. Such a cool piece!
I bought the note before realizing how scarce they actually are. I got it because I had never seen one and the right time to buy it is when you see it!!!
Wow that red seal $100 bill is awesome! I wish I had one for my collection.....
I read in a Secret Service book that all notes produced by the US government from 1861 to present day "can" still be spent. However notes produced before 1996 are worth more as collectibles.
I have a $10,000 gold certificate from 1900. Technically 1916. I bought it for $1000. I will gladly take $10,000 for it. I did a top 10 list of US notes that aren’t worth face value.
The 1900 $10000 gold certificate was already canceled. They were tossed out of a burning building.
@@donaldjones5712 I thought you said “ALL” and “from 1861”.
@@donaldjones5712 For the record, it would cost them about $5 million to buy them back. Actually a lot less since higher grade ones are worth more than face.
Great video Stu. I searched $100 in singles today. Not ONE star note. Did get a Where's George note. Love those. I did log it into the system. Otherwise a boring hunt. Great videos brother 👍
Thanks! Congrats on the Wheres George find!
I enjoyed that interesting information on the red swal $100 note. I need to get the reddish-marron book.
That book is on eBay for about $35
Great video!! Glad you did good in Vegas!!! Great tip. Don’t give away your collection 👍👍
Thanks! Vegas was good to me. Can't wait to go to the coin shop with a little extra cash!
Just when you said it was the newest version, it is a 2013 series lol
Great video! So interesting and congrats on your cool bills.
Thank you! I always think of my collection as my own guilty pleasure. But through RUclips I get to share it with the world!!!Thanks for watching!!!
Thank you for your Video I got a couple of the I gotta couple a bills with lettering on them extra letters.
Sounds like a bank teller stamp.
Does anyone know why red seal star notes have the star before the serial number instead of after?
You are used to seeing Federal Reserve notes that start with the letter of the reserve they came from. Red seal Legal Tender notes didn’t come from a reserve. The letters are just used to keep track of how many times they went through all of the serial numbers. Using a star, then the number, and then a letter allowed them to roll the last letter from A to B on stars if they needed that many.
I just got two on these in a $2000 band for the bank in Austin TX 💪 i was shocked to see two in the same band from a bank . any info on them ? I was told the ones with a letter a under the 1966 are worth a lot more ?
In my opinion, these are some of the most undervalued notes out there.The total print run of the 1966 series was 728K with an additional 128K stars. The 1966 A only had 512K. The difference in price for the non stars is barely noticable unless you are talking EF 40 or better. VG 8 is $140 for both. VF 20 is $185 for both. once you hit EF 40, you see $225 vs $275. Very cool circulation finds!
No, by far the rarest small size $100 note is the series 1934 gold certificate, which was not available to the public but only used among banks. It only exists in a museum as nearly all of them were destroyed. It was really unusual in that not only is it a gold certificate with a gold color seal, but also with a goldfish orange reverse just like the old large size gold certificates had.
The $100,000 gold certificate was only used by banks. The $100 note was available and they printed over 3.2 million of them. There were only about 1 million red seals. My friend money talks has a video showing his $100 certificate if you want to see a nice one.
oops! The 1928 vs the 1934. I get it. But it's hard to include a note that was never issued.
How many $100 small size gold certificates were produced compared to the amount of small sized $100 red seal United States Notes produced?
There were about 3.2 million gold certificates printed in 1928. But in 1933, the government forced everyone to redeem them making owning them illegal. $100 back then was a lot of money. Fast forward to 1966 when they print 700,000 red seals and then another 500,000 1966A series. One of my viewers actually got one of these from the bank this year! So it's not "how many were made", but how many are left.
@@Stuplubakcurrency I have a 1966 A red seal $100. Glad to hear that these notes are smaller print runs than I thought!
I have a red seal 100 dollar note I call it my James Bond note because the first three numbers are 007.
Nice!
Not true. These are still legal tender for face value. Same with silver certificates.
Page 195 of "Paper Money of the United States" under Legal Tender states "only $1, $2, $5, and $100 were issued and all are now obsolete.' It further states that the act of 1878 (which made them legal) was repealed in 1993. Page 187 of the same book says under silver certificates "Only $1, $5, and $10 notes were issued and all are now obsolete, abolished by the act of June 4th, 1963." Thanks for watching!
@@Stuplubakcurrency The treasury was required by that act to have a certain value of United States Notes in circulation, which is why they printed the 1966 $100 notes in the first place since they were going to stop printing the smaller value notes. Most of them just sat in bank vaults and when the act was repealed, the Treasury destroyed them (hence why they're fairly rare). So "obsolete" or not, they're still legal tender and can be spent. Same with the silver certificates: Maybe they're "obsolete" in the sense you can't turn them in for silver coin, but you can still spend them at face value. In fact, all U.S. currency since 1861 is still legal tender at face value.
www.usa.gov/currency
@@Rubycon99 I see what you wrote and I see what was written. That doesn't change the fact that my 1900 $10,000 gold certificate is not redeemable for $10,000. Based on that paragraph, it should still be good. It was clearly issued after 1861 by the U.S. Treasury. I will gladly sell it to you for $5000 and you can take it to the bank and double your money. I guess I need to look up the definition of "obsolete". Silver certificates weren't redeemable for silver. They were backed by silver. Prior to 1965, ALL money was redeemable in silver. You could take a legal tender, a FRN, a silver cert, or 100 copper cents and exchange them at the bank for either a Morgan or peace dollar (made of silver) or any combination of dimes, quarters, and halves that were also silver. Legal tender notes from 1861 pre date the act of 1878 so they would still be good. Any note authorized under a now repealed act would no longer be legal because the act that made it more than a piece of paper no longer exists.
@@Stuplubakcurrency Well in the case of that particular gold certificate, those were already redeemed and supposed to be destroyed. They got out during a fire at Treasury storage and for a while the Treasury would confiscate them. At some point they decided they didn't care about pursuing them any longer. This is similar to how the 1933 double eagle and 1964 peace dollar are illegal to own since they're considered gov. property. Unredeemed silver certificates and even gold certificates are still worth their face value today. So are United States notes. You don't have to take my word for it, ask the Treasury.
www.treasury.gov/resource-center/faqs/currency/pages/edu_faq_currency_sales.aspx
www.treasury.gov/resource-center/faqs/currency/pages/legal-tender.aspx
Are you writing these reports for school? My gold cert is not worth 10 grand. The first thing you showed was a paragraph that said ALL notes are still redeemable for face value. That isn't true. The next article says how you can not redeem silver certs because there isn't any silver backing them any more. Therefore, they are worthless as a currency. (kind of like FRNs) No one is spending millions of dollars at a time worth of silver certs so no one cares about a couple. The 3rd article says that legal tenders and FRNs work the same. The difference is the act involved in their creation. That's great! But it doesn't say that the only difference between a legal tender and a piece of paper was the act that passed to give it value. With the act now repealed, their is nothing to give a legal tender its "legal" part. Yes, every bank in the country will take these. Then they will call me and I will pick them up at face value. I had problems cashing in a 1950 trashed $100 FRN because it didn't have any modern security features. I will never tell a person to take a red seal to the bank or to spend a silver cert. Almost any cashier on the planet will take a red seal or a silver cert because they are $1 and they will buy it themselves. None of this changes the fact that they are obsolete and have nothing backing them.
Would love to show you some things I have in my collection.
Mostly small heads.
My email is in my about me section.
I have one of these 100’s with the red seal! I want to sell it I think.
Good luck!
Did you sell it?
You said 1996 on those red seal 100 dollar bills, you meant to say 1966, correct?
Yup
7:57 that says *1966* , not 1996
Question for you, how can you tell if a red seal is fake or real? i got a red seal 100 note for my wedding. looks like someone tried a counterfit marker on it and it came up fake with a marker but i was told with old bills thats normal any insight?
Older money may not pass the marker test. You really don’t want to take a marker to Collectable notes. You want to look at the paper to see the red and blue fibers. You can check the serial number to make sure it’s in the range of what was printed. You can also send me a pic and I can look at it. Generally, people tend to fake notes that everyone is aware of. Red seals tend to draw a lot of attention because no one ever sees them. They also aren’t worth a ton so there would be better opportunities for a counterfeiter. It’s a pretty safe bet yours is real. I have one that’s going up for auction Dec 13.
@@Stuplubakcurrency can you send photos over youtube?
@@Stuplubakcurrency Found your email on the about me section, sent you an email with photos, thanks in advanced.
@@Dytkot email me at stuplubak@msn.com
I have a $100.00 series 1950. Can I get a ball park figure of its possible value?
I would need more info. If it's a 1950, most of them are face value if circulated. Star notes can be 3x. If it's a 1950 C or D it could be $200 or more based on condition.
We have 100000 US gold certificate 1934. I dont know if it is real...
what is the name of the book you referenced in the video.
The book is called "Paper Money of the United States". I have the newest one on preorder through Amazon. I has been delayed until October.
@@Stuplubakcurrency thanks for sharing. You collection is super cool !
@@manasawalaaamir Thank you!
I have a few $100 dollar bills. All from different years.
1929 one hundred dollar bill from the federal Reserve bank of Cleveland Ohio
1934 lime green one hundred dollar bill
1963-A one hundred dollar bill
1993 one hundred dollar bill
2001 one hundred dollar bill
Missing the Red seal one hundred dollar bill which I still have to find.
Very nice! There are 2 other small size $100's. I just got the 1928 $100 that has a number instead of a letter for the federal reserve. Starting with the 1928 A series they used the letter, but not 1928. The one I am still missing is the 1928 Gold certificate. Good luck!
Are they for sell Tyler?
@@MP-ox1iz I had to sell few of my old 100 dollar bills. I only kept the red seal one hundred dollar bill after months of searching for one. since you don't see them that often. But managed to pick up an older $100 dollar bill from 1902 which cost me way more than face value for the banknote.
A. A. UsA. B. Bong. B.
I like $100 Bill's! lol
Don't we all? lol!!! Thanks for watching!!!