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What is the value of a 5 dollar Federal Reserve Note redeemable in gold on demand and with a green seal?
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∙ 9y ago
The phrase "redeemable in gold" indicates your bill was printed before 1933, but a specific date and series letter are needed. Please post a new question with its date and what letter if any is next to the date.
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What is the value of a series 1928 100 dollar bill with redeemable in gold and pay to bearer on demand with a green seal?
There should be a gold seal, not a green seal. Green indicates a Federal Reserve Note. If you have a Gold Certificate with that date, its value in circulated condition is $250.-$750. depending on how worn it is. If you have a Federal Reserve Note, it's more common and is in the $125.-$180. range.
How much is a pay to the bearer on demand 100 us dollar bill worth?
More than a modern $100 dollar bill. The money being printed currently has no value other than what the Federal Reserve says it has. That's why modern bills to not say "pay to the bearer" but rather just simply "Federal Reserve Note". Over printing of FIAT money has contributed to the collapse of the dollar.
Does the Federal Reserve print money?
Yes the federal Reserve, created in 1913, prints all US currency and coins. Every US dollar in circulation is printed as federal reserve notes which can be seen at the top of every US dollar. The US Treasury is obligated to print money at the demand of the Federal Reserve. When the government needs money, it gives US Treasury bonds to the Federal Reserve and in return, the federal reserve sells the government federal reserve notes with interest. How does the federal Reserve get these Federal Reserve notes? The US Treasury prints them out for the Federal Reserve electronically. These US Treasury bonds are than sold to very wealthy individuals and privant banks.According to the US code-section 411," Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose ofmaking advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose,are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other publicdues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." (http://codes.lp.findlaw.com/uscode/12/3/XII/411)
How is a paper dollar put into circulation after it is printed?
Federal Reserve Banks distributes new currency for the Department of the Treasury, which produces it. Depository institutions buy currency from Federal Reserve Banks when they need it to meet customer demand, and they deposit cash at the Fed when they have more than they need to meet customer demand. Most medium-sized and large-sized banks maintain reserve accounts at one of the 12 regional Federal Reserve Banks, and they pay for the cash they get from the Federal Reserve by having those accounts debited. Some smaller banks maintain their required reserves at larger, "correspondent," banks. The smaller banks get cash through the correspondent banks, which charge a fee for the service. The larger banks get currency from the Federal Reserve and pass it on to the smaller banks.
What is the value of an 1899 Federal Reserve 2 dollar silver certificate?
Please see the question "What is the value of an 1899 US 2 dollar silver certificate?"The Federal Reserve System wasn't established until 1914.Silver certificates were issued directly by the Treasury and weren't connected to the Federal Reserve Bank.
What is the value of a 5 dollar bill redeemable in gold secretary of treasury AW mellon?
On the 5 dollar bill: Redeemable in gold on demand at the united states treasury or in gold or lawful money at any federal reserve bank. 1928 series A A.W. Mellon secretary of the treasury
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 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.
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 is the value of a 1928 US 5 dollar Federal Reserve Note redeemable in gold?
That phrase appeared on all Federal Reserve Notes of the time because the US still issued gold-backed currency, even though FRNs were not gold certificates. Please see the question "What is the value of a 1928 US 5 dollar Federal Reserve Note?" for more information.
What is the value of a series 1928 100 dollar bill with redeemable in gold and pay to bearer on demand with a green seal?
There should be a gold seal, not a green seal. Green indicates a Federal Reserve Note. If you have a Gold Certificate with that date, its value in circulated condition is $250.-$750. depending on how worn it is. If you have a Federal Reserve Note, it's more common and is in the $125.-$180. range.
What is the value of a 100 dollar Federal Reserve Note that says redeemable in gold?
That phrase was on Federal Reserve Notes up till the US went off the gold standard. Please check your bill again and post a new, separate question with its date, and what letter (if any) is next to the date.
When was the first TEN dollar bill made?
Ten dollar bills are delivered by Federal Reserve Banks in yellow straps 1861: The first $10 bill was issued as a Demand Note with a small portrait of the treasury seal, gray word TEN, and the Federal Reserve Seal were made
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.
Does a five hundred dollar federal reserve note have anything on the back?
Yes, a five hundred dollar federal reserve note has stuff on the back.
What is the value of Silver certificates in sequence?
The United States Silver Certificate is redeemable only only a 1:1 ratio with the Federal Reserve Dollar. They are still legal tender at face value, but they are not worth any silver. Sorry.
What is the value of a 1928 US 5 dollar gold certificate issued by the Bank of Cleveland Ohio?
All 1928 $5 Federal Reserve Notes carried the phrase "Redeemable in Gold", but they weren't gold certificates and in fact no gold certificates with that denomination were printed. In addition, the bill was distributed by the Federal Reserve Bank located in Cleveland; it wasn't produced by a bank called the Bank of Cleveland. Please see the question "What is the value of a 1928 US 5 dollar Federal Reserve Note?" for more information.
