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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You are looking at one of the nicest sets of PCGS-65 GEM set of 1934 $10,000 bills known to exist. They both are from the famous Binion Hoard of 100 New York $10,000 bills.. They were in the Inverted ...
This is one of my first $10,000 notes I ever purchased. This is also the third time in 13 years I have offered it for sale. This is the 1934 $10,000 from the scarcer Boston District. It is a cool two digit serial number of A00000098A and even more impress...
This is a 1934 $10,000 FRN from the tough Kansas City district. It is also a more desirable Light Green Seal variety. The serial number is J00000319A and it is housed in a PMG-25 NET holder. This is the top of the line for currency collectors. The largest...
This is a beautiful 1934 original $10,000 bill that hails from the Famous Binion Hoard of 100 $10,000 bills that was displayed from 1966 to 1999 at the entrance of the Binion Hotel and casino in Las Vegas. The 100 $10,000 bills were from the New York dis...