currency notes
You can purchase treasury notes, a.k.a. t-notes, by going to a federal bank. This may include the Bank of America. T-notes are virtually risk free, so there is one pro of investing in them.
The treasury didn't issue notes dated 1980. please check your note again and post a new question
Treasury notes
The treasury is the entity that issues bank notes. They are issued on the amount of gold in the treasury. They are a promise to pay the holder the amount on the note. Although the holder is in possession of a note , the treasury still owns it.
The definition of the term treasury notes is securities with maturities of 1 to 10 years sold for cash or in exchange for maturing issues or at auction.
Treasury Notes / T-notes A+
The difference is the length of time to maturity. Treasury Notes mature in 10-years Treasury Bonds mature in 30-Years
Act/365
100,000
They are normally controlled by the treasury of the issuing country. In the UK, the Treasury controls the Bank of England which orders notes from the Royal Mint (coins) and De La Rue (notes). In the USA, the treasury controls the Federal Reserve, who instruct the Federal Bureau of Engraving and Printing to produce the notes and the United States Mint the coins.
Treasury Note is a debt interest and carry a fixed coupon rate of interest. It means the interest rate is fixed on the treasury note and it is given to the holder.