We are pleased to offer for sale this Five Dollar Bill Green Seal FRN Series 1950 US Currency Crisp Uncirculated. These $5 Green Seal FRNs are nice original bills which grade Crisp Uncirculated (CU). These $5 Green Seal Federal Reserve Notes are Series 1950, 1950 A, B, C, D, or E (our pick). Each bill comes in a currency sleeve for protection. These $5 Green Seal Federal Reserve Notes will make a nice addition to any currency collection!
Information on these Federal Reserve Note Series 1950 Five Dollar Bills:
Series 1950 Federal Reserve Notes all have green seals. 1950 Series notes exist in wide and narrow seal variatons. On all bills the obverse features a cropped version of Abraham Lincoln's portrait. The reverse of the bill features the Lincoln Memorial. Series 1950 $5 Federal Reserve Notes carry the same obligation statement as the 1934 Series. The series before the 1934 Series contained the words "IN GOLD" in the obligation statement, which was changed to "IN LAWFUL MONEY" because of the US being taken off of the gold standard.
What is a Federal Reserve Note?
Federal Reserve Notes are United States Currency also known as Greenbacks, Feds, or FRNs. Federal Reserve Notes were authorized by an Act of Congress, December 23, 1913. Federal Reserve Notes are the main currency that we use today. All Federal Reserve Notes can be distinguished by their green seals. Federal Reserve Notes are obligations of the United States and are a first lien on the assists of the issuing Federal Reserve Bank. These notes are also secured by a pledge of collateral equal to the face value of the note. The collateral consists of one of the following assets: 1) Gold Certificates, 2) Special Drawing Right Certificates, 3) United States Government Securities, or 4) "eligible paper" as described by the statue.
Federal Reserve Notes are currently issued in denominations of $1, $2, $5, $10, $20, $50, and $100. The Department of the Treasury discontinued issuance of $500, $1,000, $5,000, and $10,000 Federal Reserve Notes on July 14, 1969 because of a lack of demand.
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