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 was printed in 1945 and were stopped being issued by the Federal Reserve Banks in 1969. 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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Here is another rare 1928 $1,000 Star note. I own two of the 14 known 1928 $1,000* star notes. This is from the New York District. There are two known the other one is serial number B00000111*. It is F/VF and it sold for $52,000 in January 2006. It had is...
UNIQUE! This is the pride and joy of the famous Jhon E Cash Star Collection. I currently have 36 $500 stars and 18 $1,000 stars in the Jhon E Cash Star Collection. This includes 4 1928 $1,000 stars. As the largest collector ever of 1928 and 1934 $500 and ...
This is one of the 14 1928 $1,000 FRN star notes known to exist in all districts. How rare is that? Recently I sold a 1934 $1,000 FRN star note for $72,000 from the Dallas district. This is a 1928! There are 14 1928's, 113-1934''s and 13-1934A''s for a to...