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To: Toddsterpatriot

The different notes might well be printed by the same presses but they were printed for different intentions and different financial entities. The difference is very noticeable as to the different notations to the left of the portraits. I erred as to the date of the second note which you correctly noted. However my look see is still valid in that these notes are for different purposes. The USA is still printing Fed Reserve Notes as given on a 2009 $5 bill I am now looking at that specifically says Fed Reserve Note, not USA dollar. I believe the printing of USA Treasury dollars/notes stopped after Pres. Kennedy’s death.


63 posted on 10/07/2013 6:49:26 PM PDT by noinfringers2
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To: noinfringers2
The different notes might well be printed by the same presses but they were printed for different intentions and different financial entities.

Nope. Both printed for the Treasury, unlike Federal Reserve Notes, printed for the Fed.

The difference is very noticeable as to the different notations to the left of the portraits.

The important part is "United States Note"

However my look see is still valid in that these notes are for different purposes.

It would be awesome if you shared what the different purposes were.

I believe the printing of USA Treasury dollars/notes stopped after Pres. Kennedy’s death.

I believe they were still put into circulation until the early 70s.

64 posted on 10/07/2013 7:12:26 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: noinfringers2
A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for over 100 years, they were issued for longer than any other form of U.S. paper money. They were known popularly as "greenbacks" in their heyday, a name inherited from the Demand Notes that they replaced in 1862. Often called Legal Tender Notes, they were called United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. During the 1860s the so-called second obligation on the reverse of the notes stated:[1]

This Note is Legal Tender for All Debts Public and Private Except Duties On Imports And Interest On The Public Debt; And Is Redeemable In Payment Of All Loans Made To The United States.

They were originally issued directly into circulation by the U.S. Treasury to pay expenses incurred by the Union during the American Civil War. Over the next century, the legislation governing these notes was modified many times and numerous versions have been issued by the Treasury.

United States Notes that were issued in the large-size format, before 1929, differ dramatically in appearance when compared to modern American currency, but those issued in the small-size format, starting in 1929, are very similar to contemporary Federal Reserve Notes with the highly visible distinction of having red U.S. Treasury Seals and serial numbers in place of green ones.

Existing United States Notes remain valid currency in the United States. However, since no United States Notes have been issued since January 1971, they are vanishingly rare in circulation.

http://en.wikipedia.org/wiki/United_States_Notes

65 posted on 10/07/2013 7:14:36 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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