Can anyone tell me about this note it does not say Federal Reserve note on it but was printed and 1963
It is a United States Note or Legal Tender Note. It does not say Federal Reserve because it is not a Federal Reserve Note.
United States Notes were issued until early 1971 (with 1966A $100 notes) when they were phased out from being issued into circulation completely. JFK is said to have been a big proponent of issuing USN notes but with his untimely demise the days of the USN were numbered. Now we are just left with the issuance of Federal Reserve Notes for circulation. You can read more about USNs and the other types of notes that were at one time issued here: http://www.friesian.com/notes.htm.
Thanks guys. So this note was printed before the Bretton Wood standard thanks for the link. Again thanks for the info is it worth holding on to being that it is so circulated
Oops sorry. I meant Brent and Woods standard. Also I have another question I was told Let There are paper notes printed with JFK on them is that true or not?
I think what billy b is referring to are 1963 $1 notes that were printed for the Dallas FRB. More can be read about it with this 2009 post by Hobo: https://www.cointalk.com/threads/series-1963-kennedy-dollar-bill.49969/#post-549964
You mean "Bretton Woods", as in "Bretton Woods conference". That was a post World War Two meeting where the major currencies were all pegged to the dollar, and by extension to one another. Among other things, it allowed foreign banks to exchange dollars for gold at a set rate. This lasted until 1971, when the US was forced by circumstances to end it. This marks the last moment the dollar was defined for any purpose as a specific amount of gold, and so is mourned by goldbugs as the end of "real" money. United States Notes were a post Civil War anomaly. The law required a fixed amount of them to be in circulation. As overturning it meant a pointless nine-figure increase in the national debt, this was not done until the 1970's, when inflation made the amount sufficiently insignificant that voiding it was cheaper than continuing to print and sort USN's. Parenthetically, it was my receiving a 1963 $5 USN as birthday money as a child that made me a currency collector.
