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<p>[QUOTE="bzcollektor, post: 149741, member: 3241"]IT is a FEDERAL RESERVE BANK NOTE, with the BROWN SEAL AND NUMBERS, not a Federal Reseve note. NO, they ARE NOT COMMON </p><p>The highest printing district for the $100 FRBN`s of 1929 was indeed the NY note. There were a whopping 480,000 notes printed.</p><p>These notes were pressed into service during the currency crisis precipitated by the stock market crash of 1929. These were originally National Bank Note plates used for emergency purposes to crank out currency. Note the blocked out marks next to the Deputy Gov and Gov on the lower signatures. I forget what the origanal designations were. Some notes of diffferent districts, have one, the other, or both blocked out with alternate titles.</p><p> They were already printing regular Federal Reserve Notes Series of 1928, and I havn`t researched why the had to print these FRBN`s in an emergancy capacity, instead of cranking out the common Federal Reserve notes of 1928 in denominations of $5-$10,000......... The 1928 series of Federal Reserve Notes had a redemption clause "payable in gold". I think this may have been the reason. The FRBN`s are the true predecessor of our current non redeemable Federal Reserve Notes.......[/QUOTE]</p><p><br /></p>
[QUOTE="bzcollektor, post: 149741, member: 3241"]IT is a FEDERAL RESERVE BANK NOTE, with the BROWN SEAL AND NUMBERS, not a Federal Reseve note. NO, they ARE NOT COMMON The highest printing district for the $100 FRBN`s of 1929 was indeed the NY note. There were a whopping 480,000 notes printed. These notes were pressed into service during the currency crisis precipitated by the stock market crash of 1929. These were originally National Bank Note plates used for emergency purposes to crank out currency. Note the blocked out marks next to the Deputy Gov and Gov on the lower signatures. I forget what the origanal designations were. Some notes of diffferent districts, have one, the other, or both blocked out with alternate titles. They were already printing regular Federal Reserve Notes Series of 1928, and I havn`t researched why the had to print these FRBN`s in an emergancy capacity, instead of cranking out the common Federal Reserve notes of 1928 in denominations of $5-$10,000......... The 1928 series of Federal Reserve Notes had a redemption clause "payable in gold". I think this may have been the reason. The FRBN`s are the true predecessor of our current non redeemable Federal Reserve Notes.......[/QUOTE]
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