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<p>[QUOTE="Numbers, post: 480573, member: 11668"]When the small-size notes first came out in 1929, there were five neatly distinguished types:</p><p>Gold Certificates (yellow seal)</p><p>Federal Reserve Notes (green seal)</p><p>Silver Certificates (blue seal)</p><p>United States Notes (red seal)</p><p>National Currency (brown seal).</p><p><br /></p><p>All the confusion turned up later:</p><p><br /></p><p>Federal Reserve Bank Notes were resurrected in 1933 to provide an emergency supply of currency during the Depression; they were printed using the National Currency designs in order to avoid taking the time to create new plates. The title "Federal Reserve Bank Note" isn't even printed on the notes! But this one at least makes some degree of sense, since FRBNs are really a subtype of National Currency anyway; the old large-size ones were labelled both "Federal Reserve Bank Note" *and* "National Currency".</p><p><br /></p><p>Gold Certificates were discontinued in 1933 and Nationals in 1935. But then the seal colors that had been used for them were recycled on the special WWII printings in the '40s; and due to the way the series dating works, all those printings are dated either 1934 or 1935, so it looks like a lot more was going on at the same time than actually was. By the time these special notes were actually printed, there would've been precious few other yellow- or brown-seal notes in circulation for them to be confused with.</p><p><br /></p><p>(Quite a few brown-seal notes would turn up later, though; there were a lot of those FRBNs that were left over when they weren't all issued during the Depression, and they were finally put into circulation in the late '40s just to stop them from taking up space in the Fed's vaults. This is why they're still so common today, as collectible currency goes; people had a tendency to save them when they saw a new crisp 1929 bill circulating in 1949.)[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 480573, member: 11668"]When the small-size notes first came out in 1929, there were five neatly distinguished types: Gold Certificates (yellow seal) Federal Reserve Notes (green seal) Silver Certificates (blue seal) United States Notes (red seal) National Currency (brown seal). All the confusion turned up later: Federal Reserve Bank Notes were resurrected in 1933 to provide an emergency supply of currency during the Depression; they were printed using the National Currency designs in order to avoid taking the time to create new plates. The title "Federal Reserve Bank Note" isn't even printed on the notes! But this one at least makes some degree of sense, since FRBNs are really a subtype of National Currency anyway; the old large-size ones were labelled both "Federal Reserve Bank Note" *and* "National Currency". Gold Certificates were discontinued in 1933 and Nationals in 1935. But then the seal colors that had been used for them were recycled on the special WWII printings in the '40s; and due to the way the series dating works, all those printings are dated either 1934 or 1935, so it looks like a lot more was going on at the same time than actually was. By the time these special notes were actually printed, there would've been precious few other yellow- or brown-seal notes in circulation for them to be confused with. (Quite a few brown-seal notes would turn up later, though; there were a lot of those FRBNs that were left over when they weren't all issued during the Depression, and they were finally put into circulation in the late '40s just to stop them from taking up space in the Fed's vaults. This is why they're still so common today, as collectible currency goes; people had a tendency to save them when they saw a new crisp 1929 bill circulating in 1949.)[/QUOTE]
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