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 a 1934 $1,000 Atlanta star note. there are only 8 known to have survived. The serial number is F00003317* and is currently in a PMG Fine-12 holder. Although circulated as it may be, it is still very rare and collectable. 100% original all the way....
This is a problem free 1934 $1,000 Star from the Windy City of Chicago. This is in better shape than most notes in this grade. Check the back and see how soil and dirt free it is. I think this $1,000 ...
Only five (5) known! This is a very nice and rare 1934 $1,000 star note from the rare district of St Louis, MO. You are going to really like this $1,000 St Louis star as it is in wonderful condition with not one problem that I can see. Check the large sc...
PMG POP 2/1 finer. Anyone need a Mule? I have here a 1934 $1,000 FRN Mule Star from the San Francisco district. It its housed in a PMG EF-40 holder. The serial number is L00003339*. A mule is a notated when the back plate number is 5-11. This means it had...
Windy City Winner! I got screwed on this note. I bought this note at a CAA Long Beach auction in 2005 as a AU-58. Well as you can see PCGS did not think it was an AU-58. It is what it is, a PCGS AU-50...