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.
The
Bureau of Engraving and Printing's (BEP)
takes you to the official government site of the BEP
for some interesting information and facts on all of
our US currency.
US Papermoney will take you to a site that
is full of information on everything you ever wanted
to know about our US currency. Almost everything
anyway. Very cool site!
The American Numismatics Association (ANA) is a
professional organization for those who want to
further learn about US coins and currency.
PMG and
PCGS are the only two TRUE independent
currency-grading services available. I highly
recommend these two companies for those of you who
want to get their currency certified and graded for
insurance purposes or simply, a peace of mind.
Jhon E Cash Rare Currency, Ltd. of Dallas, TX is the premier reseller of 1934 $5,000 and $10,000 bills. Over the last 17 years we have attended and continue to set up at 18-24 major coin and currency shows a year throughout the U.S. We offer only PMG...
This 1934 $10,000 Philadelphia FRN is part of the famous serial number 32 series of Ultra-High denomination sets. This note has been graded as a PMG VF-20 by PMG. It is also from the Philadelphia district of which there are only 4 known. With only 4 known...
Jhon E Cash Rare Currency, Ltd. of Dallas, TX is the premier reseller of 1934 $5,000 and $10,000 bills. Over the last 17 years we have attended and continue to set up at 18-24 major coin and currency shows a year throughout the U.S. We offer only PMG an...
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 ...
