April 26, 2024
4 Circulated - 1928 & 1953 Series $2 Federal Reserve Notes
Pricing & History
-
Sold for
Start Free Trial or Sign In to see what it's worth.
- Sold Date
- Source eBay
4Note group of $2 Dollar Notes 3, 1928 Aseries Federal Reserve “TWO” dollar notes & 1, 1953 A Red Seal $2 Note Federal Reserve Notes featured a green Treasury Seal starting in 1928. This was the only type of currency that, at first, featured the seal over the large engraved word to the right of the portrait These notes also carried a seal bearing the identity of the Federal Reserve Bank of issuance. The bank was noted in the black, circular seal to the left of the portrait. This can be seen in the picture at the upper right, with a "7" in the seal. The Federal Reserve Bank of Chicago , responsible for the 7th district of the Federal Reserve System , issued this note. The regional seal is a design facet unique to Federal Reserve Notes, because almost all other types of notes were issued directly by the U.S. Treasury. The 1928 Federal Reserve Notes were redeemable as per the following legend in the upper left corner of the note: Redeemable in gold on demand at the United States Treasury, or in gold or lawful money at any Federal Reserve Bank. While these notes were issued by the Federal Reserve Banks, they were still obligations of the U.S. Government, as stated: The United States of America will pay to the bearer on demand [so many] dollars. This obligation to exchange FRNs for gold ended in the early 1930s as the United States
read more
Items in the Price Guide are obtained exclusively from licensors and partners solely for our members’ research needs.
If this item contains incorrect or inappropriate information please contact us here to flag it for review.
If you are the originator/copyright holder of this photo/item and would prefer it be excluded from our community, contact us here for removal.
If you are the originator/copyright holder of this photo/item and would prefer it be excluded from our community, contact us here for removal.
