$20 1928 CLEVELAND VF NUMBER SEAL

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A spectacular uncertified jewel of great rarity. We offer this rare & interesting sleeper Federal Reserve note in a no reserve auction. A Federal Reserve Note (FRNs or ferns, not to be confused with "Federal Reserve bank note" is type of banknote issued by the Federal Reserve and the only type of American banknotes that still circulates today. Federal Reserve Notes are fiat currency , with the words "this note is legal tender for all debts, public and private" printed on each bill. They are issued by the Federal Reserve Banks and have replaced United States Notes , which were once issued by the Treasury Department . The paper that Federal Reserve Notes are printed on is made by the Crane Paper Company of Dalton, Massachusetts . The first institution with responsibilities of a central bank in the U.S. was the First Bank of the United States , chartered in 1791 by Alexander Hamilton . Its charter was not renewed in 1811 . In 1816 , the Second Bank of the United States was chartered; its charter was not renewed in 1836 , after it became the object of a major attack by president Andrew Jackson . From 1837 to 1862, in the Free Banking Era there was no formal central bank. From 1862 to 1913, a system of national banks was instituted by the 1863 National Banking Act . A series of bank panics, in 1873, 1893, and 1907 provided strong demand for the creation of a centralized banking system. The first printed notes were Series 1914. The authority of the Federal Reserve Banks to issue notes comes from the Federal Reserve Act of 1913. Legally, they are liabilities of the Federal Reserve Banks and obligations of the United States government. Although not issued by the Treasury Department, Federal Reserve Notes carry the (engraved) signature of the Treasurer of the United States and the United States Secretary of the Treasury . If you cannot leave us 5 star DSR feedback after our transaction is complete, please contact us prior to leaving feedback so that I may rectify any complaint. We occasionally offer free shipping on expensive fixed price items but usually shipping is $8. as we ship priority to US addresses, and we require signature confirmation regardless of value. We exclusively use registered mail internationally at $18. No exceptions at this time except we ship express both USPS and FedEx upon request both domestically and internationally at actual cost. We allow unlimited combined shipping, for a single shipping fee at no extra charge for up to 2 weeks. If you purchase multiple items, please ask us for an invoice reflecting combined shipping prior to paying. We usually ship next day, unless we get overwhelmed with orders such as Mondays, after holidays, when we cannot immediately locate the item, are away at a trade show, or on higher value items that we keep in our bank vaults. While I believe my asking prices are reflective of the current market, it is my desire to place notes with those who will most appreciate them. Feel free to make any counter-offer through the eBay system if you would like to purchase our item. We do set automatic reject usually at around the price I am a buyer at, but will usually consider any offer we receive over that number. What you see is what you get. We do not use stock photo's except occasionally in the stock certificate category. We cheerfully accept returns for up to two weeks, no questions asked. Due to our business schedule and family obligations we are not always instantly accessible, but we almost always respond to questions within 24 hours. If the auction title does not match the face scan, or you see exact duplication of listings, any other obvious or potential errors please tell us, and allow us to correctly edit or relist before bidding. If you bid in error, you may retract your bid. Those who repeatedly retract bids, will be warned, then blocked, as we want our other bidders to feel secure that we are not attempting to ascertain their high bids, and that are auctions are fair, and transparent. We believe in customer service, fa... read more

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