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Federal Reserve Bank Notes

Federal Reserve Bank note $100 image

Federal Reserve Bank Notes 1915 – 1945, Authorized through the Federal Reserve Act of 1913 and labeled as “National Currency Notes” with similar function. They were payable only at the named bank and were not redeemable in gold money. Today they are referred to as “Brown Seals” […]

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Federal Reserve Notes

Federal Reserve $50 Note image

Federal Reserve 1914 – Present, The Federal Reserve Act of 1913 provided for the issuance of Federal Reserve Notes and Federal Reserve Bank Notes. They both were redeemable in gold until President Roosevelt passed Executive Order 6102 in 1933. These Federal Reserve Notes known as “Green Seals” […]

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Treasury Coin Notes

treasury coin note $20 image

Treasury Coin Notes 1890 – 1899, With the growth of the silver mining industry, the Treasury Coin Act of 1890 required the Treasury Department to increase its purchase of silver bullions from individuals, and to pay for it with the new notes. This note is sometimes referred […]

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Silver Certificate Notes

Silver Certificate $5 Note image

Silver Certificate Notes 1878 – 1965, These notes were first issued in exchange for Silver Dollars and as a response to the “Free Silver Forces”. These early issues were called “Certificates of Deposit” because the Government had to place silver deposits with the Treasury Department. The most […]

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National Gold Bank Notes

Yellowish paper of the National Gold Bank note image

National Gold Bank Notes – 1870 – 1875, These notes were authorized as a result of the California Gold Rush and large transactions in gold coins. They notes were printed on a yellowish paper, essentially a hybrid of the National Bank notes and the Gold Certificates notes. […]

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Gold Certificate Notes

Gold Certificate as gold money image

Gold Certificate Notes 1863 – 1936, Legislation in 1863 authorized the Treasury to receive deposits of gold coins and gold bullions and to issue certificates to be receivable for duties or import. From 1933 to 1964, Gold Certificates in large and small sizes were illegal to own […]

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National Bank Notes

National Bank $2 Note image

National Bank Notes 1863 – 1938, Established with the National Banking Act of 1863. They were created to bring uniformity to the banking system which consisted of National Chartered Banks and barring State and Private banks from issuing their own currency. All notes were printed by the […]

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Fractional Currency Notes

fractional currency three cents image not gold backed

Fractional Currency 1862 – 1876, During and after the Civil War as a result of hoarding, the U.S. started to run short on gold bullion and silver coins needed for daily commerce. The Treasury Secretary came up with an idea to print small currency denominations on paper […]

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United States Notes

United States $500 Note image

United States Notes 1862-1971 Replaced the less than popular Demand Notes and were reimbursements for the banks for their advance of $100,000,000 leading to the Civil War. First issued as a fiat currency by the US Treasury Department. Very distinctive with the new Red Seal and red […]

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Demand Notes

Demand Note known as the first green back image
Demand Notes 1861 - 1862, Created through necessity for the Civil War funding by the Union. People in the North were hoarding gold and silver coins, therefore the new note was issued to get commerce moving and to pay back creditors. Printed without the U.S. Treasury Seal [...]Read more
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