Hi, I just received this red seal five dollar bill from the bank and was wondering what it's worth. Also, would someone explain about the different colored seals? Also, were there different colored seals issued for the same year('s)? Thanks, Steve
Yours is a 1953C $5 United States Note issued during the Kennedy administration. Only United States Notes have red seals. They were issued under different laws than green sealed Federal Reserve Notes or blue sealed Silver Certificates that were issued at the same time. It has little collector value over face, but it's an interesting historical relic.
Based upon the condition of the note, it looks to be in VG to Fine consition, I would say only $1-$2 over face MAX. Sorry, but this note has been around the block one too many times. Great conversation piece though.
Getting a red seal from the bank is really out of the ordinary even though it has little value Over face it,s still really cool!
The Red Seal Notes are called Legal Tender Notes. They were printed under the Public Law 89-91, the Coinage Act of July 23, 1965. They are defined as "All coins and currencies of the United States (including Federal Reserve Notes and circulating notes of Federal Reserve banks and national banking associations) regardless of when coined or issued, shall be of legal tender for all debts public and private, public charges, taxes, duties and dues" They are still legal to use today. When redeemed they are turned in by banks for shredding.
Here are the small size seal colors ; green - Federal Reserve notes, has appeareded inseveral different shades red - United States Currency Notes (There is a recent law that requires this term.) blue - silver certificates yellow - WW II emergency silver certificates for North Africa invasion orange or gold - gold certficates brown - National bank notes, Federal reserve bank notes, WW II Hawaiian notes
