$20 2004 DALLAS CH NEW FANCY LOW SERIAL #978
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is the holy grail, a note that will make grown men cry, a note that quiet an obsessive compulsive child. A museum item, if indeed acquired by a museum, will forever be out of private hands. From the greatest small size low number Dallas hoard found in decades! A remarkable note that equals the single most desirable note of any variety we have ever offered. An unimaginable opportinity. The chance of a lifetime! A Federal Reserve Note (FRNs or ferns, not to be confused with " Federal Reserve Bank Note ") is a type of banknote issued by the Federal Reserve System and is 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. (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. 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
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