Many, many different bills carry that legend. Please post a new question with the bill's date, denomination, seal color, and whether there is a small letter next to the date.
A "pay to the bearer on demand" statement on a $100 bill indicates that the bill can be exchanged for its equivalent value in cash upon request. Therefore, the bill is worth its face value of $100 USD. This statement was more common in older currency notes when they were backed by a physical commodity like gold or silver, but today, the value of the bill is based on the trust in the issuing government and its economy.
All money has that characteristic.
representative money (A+) -Emmy aka Hello Kitty Fiat Money (A+) -Hailey
When an economist says that the demand for a product has increased this means that
The Greenville Texas bank Note, 8581, you speak of is worth $75-$150 depending on condition.
On the paper currency of many countries, there is a phrase that says "will pay to the bearer on demand." This means that the money is essentially nothing more than a promissory note but it is backed by gold owned by the government.
A "pay to the bearer on demand" statement on a $100 bill indicates that the bill can be exchanged for its equivalent value in cash upon request. Therefore, the bill is worth its face value of $100 USD. This statement was more common in older currency notes when they were backed by a physical commodity like gold or silver, but today, the value of the bill is based on the trust in the issuing government and its economy.
Fiat money
All money has that characteristic.
it only has value because the government says it does
representative money (A+) -Emmy aka Hello Kitty Fiat Money (A+) -Hailey
When an economist says that the demand for a product has increased this means that
No. Since the mid-1960s, Silver Certificates have been redeemable only in Federal Reserve Notes (normal US paper currency). They are still valid legal tender in the US, but (depending on the year and condition) they may sometimes be worth more than their face value as a collectible.
In perfect condition $750 to $1200. Thanks! Also, what would be the value of a note from the Central Bank of China (Shanghai, 1930). The verbiage on this note says "The Central Bank of China promises to pay ths bearer on demand at its offce here 50 CUSTOMS GOLD UNITS. What is the value of this note? Thank you! Daniel Lea 504-908-4922
In circulated condition, it's worth about $50 A nice crisp uncirculated one is worth about $175
The Greenville Texas bank Note, 8581, you speak of is worth $75-$150 depending on condition.
He either doesn't want to take the relationship any further, or places more value on money than your relationship !