Red seals indicate a special series of currency called United States Notes. These were issued directly by the federal government rather than by the central bank (the Federal Reserve).
US Notes were functionally identical to Federal Reserve Notes and were discontinued in the late 1960s to save printing costs. All modern currency is issued as Federal Reserve Notes.
Chat with our AI personalities
Please check again and post a new question. The U.S. didn't print any paper money dated 1938.
Please check your bill again. Red seal $5 bills were issued in 1953 and 1963. No US bills were dated 1962. There's more information at the questions"What is the value of a 1953 US 5 dollar bill with a red seal?""What is the value of a 1963 US 5 dollar bill with a red seal?"Red InkRed ink indicates that a bill is a United States Note, a now-obsolete form of paper money that was similar to current Federal Reserve Notes.
1928-C is one of the more valuable bills in this series. As of 04/2013 approximate retail values are: Average condition: $10 - $20 Uncirculated: $90 - $100 The red seal indicates that your bill is a United States Note, a form of paper money issued until the mid-1960s
As of 03/2013 its retail value is $4 to $15 in average condition; $35 if uncirculated.The red seal indicates that your bill is a United States Note, a form of paper money issued from 1862 to 1966.If very worn, about $4. Prices can go up to around $15 if the bill shows little or no wear.
U. S. paper money with a red seal (regardless of denomination) are United States Notes (see the link to an encyclopedia article). Bills now being printed are all Federal Reserve Notes with green seals, and some older bills are Silver Certificates with blue.