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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: Apr 27, 2011
  • Channel: Auction House

Here is a chance to add quite amazing desirability. We offer this low number fresh gem note from the famous find. Truly a fantastic and fascinating modern rarity.

The Boca Raton hoard is simply a group of low number notes that should not exist. It is the policy of the Federal Reserve Banks to destroy the lowest serial numbers except when they themselves want to sell them directly to collectors. This fantastic group was inadvertantly released in Boca Raton Florida. Once we found out about it, we were able to secure this original treasure for our clientele. All notes are certified by PCGS.

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 t he 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. (See generally 31 U.S.C. § 5103 .) 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.
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