Series Of 1934 $1000 Note FRN New York Fr#2211-Blgs BA Block PMG XF40 EPQ

Product Description

A Series of 1934 $1000 Federal Reserve Bank of New York, New York Fr#2211-Blgs Light Green Seal with signatures Julian/Morgenthau and Serial # B00068671A graded Extremely Fine 40 (XF-40) Exceptional Paper Quality (EPQ) by PMG. This note displays an original white to off white paper color, no major creases/folds and fair even margins. Please view our photos for additional information and ask any questions prior to purchase.

Federal Reserve Notes otherwise referred to as United States banknotes are banknotes used primarily in the United States of America and are denominated using the United States dollar (USD). Official legislation enacted by Congress known as the Federal Reserve Act of 1913 established the Federal Reserve System in addition to a centralized banking system. In effect, the ability to issue Federal Reserve Notes as legal tender was created. Prior to the formation of centralized banking, commercial banks issued their own notes. The first institution that acted as a central bank was the First Bank of the United States and was charted by Alexander Hamilton in 1791.