After 68 years of prosperity, our large size currency felt the impact of modern times. So the large size US curency note came to an end due to the economics of the times. Tons of ink and paper were required to produce our currency to an ever expanding economy. The currency needed to fulfill this new demand was astronomical. The government realized that many millions of dollars could be saved if our currency was reduced in size. This was the direction the US Government took as on July 10, 1929 the first of the new small sized notes were placed into general circulation.
The new small sized notes were reduced in size from 7.42 inches by 3.13 inches to 6.14 inches ,X 2.61 inches. This cost cutting measures saved the government millions of dollars in ink and paper annually.
Small Size-Federal Reserve Notes
Small size Federal Reserve Notes (FRNs) are the mainstay of the notes we currently use today. Although they were issued in denominations of $1 to $10,000, only the $1 to $100 are in current use today. On July 14, 1969 President Nixon signed into law a bill requiring any ,denomination over $100 bill be returned to the Treasury Department to be destroyed. The last $500 to $10,000 were last printed in 1946 and were stopped being issued by the Federal Reserve Banks in 1969 by then President Richard Nixon. All FRN issues have a Green Seal.
The $1 FRN was ,,issued in 1963 to current date
The $2 FRN was ,,issued in 1976, 1995 and 2003.
The $5 FRN to $100 FRNs was issued in 1928, 1934, 1950 series and current to date.
The $500 to $10,000 FRNs were series of 1928 and 1934 only.
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This is a very nice 1950 $50 FRN Star from the ever tough Philadelphia District. The serial number is C00005177*. This is the new low serial number in the new Oakes and Lindquest book. There are no ri...
This is a very nice 1950 $50 FRN Star from the ever tough Richmond District. The serial number is E00043421*. There are no rips, tears or pinholes. Check out the large scans. This note is the new Low serial for the new Oakes and Lindquest Book....
NEXT OT 1950E, THE 1950 PLAIN IS THE TOUGHEST DISTRICTS TO COMPLETE IN THE 1950 SERIES, ESPECIALLY IN GEM CONDITION.
THIS 1950 FRN IS FROM THE "WINDY CITY" AND IS IN GEM CONDITION.
THE BACK PLATE NUMBER IS # 136.
This is a very nice 1950 $50 FRN Star from the ever tough Minneapolis District. The serial number is I00007004*. There are no rips, tears or pinholes. Check out the large scans.
There are only 3 reported so far. This is also the new low serial number kno...
This is a very nice 1950 $50 FRN Star from the ever tough San Francisco District. The serial number is L00007897*. There are no rips, tears or pinholes. Check out the large scans. This is the Exact note for the low serial number in the new Oakes and Lindq...
This is a very nice 1950A $50 FRN Star from the ever tough St Louis District. This note is a beutiful AU note! The serial number is H00409353*. There are no rips, tears or pinholes. Check out the large scans....
Here is a very scarce 1950A* $50 Dallas star. The serial number is K00260641*. When I purchased this note in late 2002 there were only two known at the time. The rare star note is all there with no rips, tears or pinholes. Dallas stars are one of the hard...