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What is the value of a 1928 A US 100 dollar Federal Reserve note redeemable in gold?
All 1928 $100 FRNs carried the wording that they were redeemable in gold. There's more information at the Related Question.
Why does it say Federal Reserve Note on the US 1 dollar bill?
If you look at the bills in your wallet you'll see that ALL current US paper money is in the form of Federal Reserve Notes. That means they're issued under the authority of the Federal Reserve System, the US central bank.Earlier forms of paper money were also issued directly by the federal government and included:Silver certificates, backed 1-for-1 by silver bullion in the Treasury, and redeemable for silver until 1968Gold certificates, backed 1-for-1 by gold bullion in the Treasury, and redeemable for gold until 1933United States Notes, very similar to Federal Reserve Notes, and issued until the early 1970s.
What was the gold standard and which groups of Americans supported it?
The gold standard was a system of money where the government owned and kept an amount of gold that was represented by the paper money issued. Paper money was called gold certificates and originally you could present the paper money and be given the stated face amount of gold for it. People like libertarians and strict constitutionalists supported the system, but the US stopped using it.
What is the value of a 1928 A US 5 dollar bill redeemable in gold?
All 1928 $5 Federal Reserve Notes carried the phrase "Redeemable in Gold", although they weren't gold certificates and in fact no gold certificates with that denomination were printed. Please see the question "What is the value of a 1928 A US 5 dollar Federal Reserve Note?" for more information.
What does redeemable in lawful money at the US treasury or at any federal reserve bank message on the back of older notes mean?
Redeemable maens that you can trade something for another thing.For an example twenty boxtops are redeemable for one toy.
What is the value of a 1928 US 20 dollar Federal Reserve Note redeemable in gold?
All 1928 $20 Federal Reserve Notes carried the phrase "Redeemable in Gold", although they weren't gold certificates. There were also gold certificates with that denomination but they have gold seals and lack the words Federal Reserve Note. Please see the question "What is the value of a 1928 US 20 dollar Federal Reserve Note?" for more information.
What is a 1928 50 dollar bill worth if it says it's redeemable in gold on demand?
A 1928 $50 bill that is redeemable in gold on demand is known as a Gold Certificate. These certificates were issued during a time when the US dollar was backed by gold. As a collectible item, the value of the bill would depend on factors such as its condition and rarity. They can be worth more than their face value to collectors and currency enthusiasts.
Who makes the paper for US paper money?
Crane Paper in Massachusetts.
Is the US currency backed by gold?
Yes, as well as silver and the governments promise to pay. I would say no because it is not redeemable in silver or gold. To be backed by silver or gold would mean that you could cash it in for gold. This is why the value of our money has gone down because it is not backed by anything other than the government behind it. Since our government is Trillions in debt they can not guarantee the currency at all.
Is US money considered paper?
yes, Us money is made out of a type of special money.
What is the us paper money's nickname?
US paper money is called "greenbacks" because the images are printed in green ink on the back.
What is the value of a 1953 US 5 dollar red certificate?
The banner across its top and the red seal indicate it's a United States Note and not a certificate. Certificates were redeemable in silver or gold, and had blue and gold seals, respectively. US Notes were issued directly by the Federal government and weren't redeemable for precious metal. They were discontinued in the 1960s. Please see the question "What is the value of a 1953 US 5 dollar bill with a red seal?" for more information.
