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<p>[QUOTE=&quot;Niel, post: 371227, member: 13422&quot;]Red Seal is slang for small size United States Notes, also known as Legal Tender Notes. They are a different obligation of the United States that pre-dated the creation of the Federal Reserve System and the Green and black ink Federal Reserve Notes that most non-currency collectors think of as the &quot;Only&quot; US currency. Of course there were other kinds of obligations of the US such as Silver Certificates, Gold Certificates and National Bank Notes and others.</p><p><br /></p><p>USN or LT notes were first printed in 1862, as an effort by the Union government to help fund the Civil War. They were printed on an off through the mid 1960s.</p><p><br /></p><p>Various notes have used colored ink seals, but unless I&#039;m mistaken the small size LTs were the only ones where all denominations printed for the entire life of the series used red ink for the over printing (Serial Numbers and Treasury Seal.) They were printed in denominations of $1, $2, $5 and $100.</p><p><br /></p><p>There are a number of great books out there on the history and types of US Paper money. One of the best is called &quot;Paper Money of the United States&quot; By Arthur L Friedberg and Ira S. Friedberg. It catalogs all of the series printed showing examples of each denomination, history of the obligation, etc.</p><p>I&#039;ve seen this book just about everywhere, so it&#039;s readily available.</p><p><br /></p><p>As for pricing, some of the small sized red seal $2s are worth in the hundreds or even low thousands because of their condition &amp;/or rarity, especially star replacement notes of the series.</p><p><br /></p><p>HTH.</p><p><br /></p><p>Niel[/QUOTE]</p><p><br /></p>

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