Small Size Notes-1928 to Present
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-Legal Tenders
Small size Legal Tender notes were issued for four different years 1928, 1953, 1963 ,and 1966. All issues bear the Red Seal.
- The 1928 series were issued in denomination of $1 and $5.
- The 1953 series were issued in denominations of $2 and $5.
- The 1963 series were issued in denominations of $2 and $5.
- The 1966 series was issued in denominations of $100 only.
On the $1 was a portrait of George Washington, The $5 featured a portrait of Abraham Lincoln and the $100 Red Seal featured a portrait of Benjamin Franklin. The $1, $2, and $5 Legal Tenders are obsolete and the $100 is still current.