We are pleased to offer for sale this One Dollar Bill Federal Reserve Note "REPEATER" US Currency Crisp Uncirculated. These $1 FRNs are nice original bills which grade Crisp Uncirculated (CU). These bills are "REPEATER Notes" meaning the first four and last four numbers in the serial number are the same. An example is 12341234. Series are mixed and selected by us. Each bill comes in a currency sleeve for protection. These $1 Federal Reserve Notes will make a nice addition to any currency collection!
What is a Federal Reserve Note?
Federal Reserve Notes are United States Currency also known as Greenbacks, Feds, or FRNs. Federal Reserve Notes were authorized by an Act of Congress, December 23, 1913. Federal Reserve Notes are the main currency that we use today. All Federal Reserve Notes can be distinguished by their green seals. Federal Reserve Notes are obligations of the United States and are a first lien on the assists of the issuing Federal Reserve Bank. These notes are also secured by a pledge of collateral equal to the face value of the note. The collateral consists of one of the following assets: 1) Gold Certificates, 2) Special Drawing Right Certificates, 3) United States Government Securities, or 4) "eligible paper" as described by the statue.
Federal Reserve Notes are currently issued in denominations of $1, $2, $5, $10, $20, $50, and $100. The Department of the Treasury discontinued issuance of $500, $1,000, $5,000, and $10,000 Federal Reserve Notes on July 14, 1969 because of a lack of demand.
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