Olevian Numismatic Rarities
1995 $5 Small Size Federal Reserve Notes // Uncut Sheet of 4 Unissued Notes
Federal Reserve Notes (FRNs) are the only form of banknotes currently produced in the United States. This type of currency was introduced in 1914, originally in a large-size format, before being reduced to the modern-day size in 1929 as a cost-cutting measure. Offered here is a set of 4 un-cut notes with ascending serial numbers. You will receive the unique item shown similar to the ones in the photos housed in an archival clear plastic sleeve with a certificate of authenticity.
Federal Reserve Notes (FRNs) were first authorized by Section 16 of the Federal Reserve Act of 1913 and are issued to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The notes are then placed into circulation by the Banks, at which point they become liabilities of the Federal Reserve Banks and obligations of the United States. FRNs are legal tender and bear the obligation "this note is legal tender for all debts, public and private" printed on each note. They replaced United States Notes, which were once issued by the Treasury Department. FRNs are backed by the assets of the Federal Reserve Banks, which serve as collateral under Section 16. These assets are generally Treasury securities which have been purchased by the Federal Reserve through its Federal Open Market Committee in a process called debt monetizing.
8"L x 4.25"W x .1"H
- OriginUnited States
— Set Of 4
— Includes Archival Clear Plastic Sleeve + Certificate Of Authenticity
Shipping AvailabilityCanada, United States
Shipping PolicyStandard Ground Shipping
Ship In3-4 weeks ⓘ
Return PolicyFinal sale, not eligible for return or cancellation