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One Dollar Bill Federal Reserve Note Series 1963B BARR NOTE US Currency CU Crisp Uncirculated

Item # IT062290
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We are pleased to offer for sale this One Dollar Bill Federal Reserve Note BARR NOTE Series 1963B US Currency .  These $1 FRNs are nice original bills which grade Crisp Uncirculated (CU).  The bills feature the signature of then Secretary of the Treasury, Joseph W. Barr.  Barr had a relatively short term of office, the shortest of anyone that has held the position (December 21, 1968 - January 20,1969), leading to hoarding of these $1 Secretary Barr Notes.  These notes are Series 1963B.  Each bill comes in a currency sleeve for protection.  These $1 Barr Notes will make a nice addition to any currency collection!

Information on these Federal Reserve Notes Series 1963 One Dollar Bills:

In 1929 all US Currency was changed to its current modern size.  The 1963 Series featured three different Secretary of the Treasury signatures, C. Douglas Dillon, Henry H. Fowler, and Joseph W. Barr.  Many people collect the Barr signed notes, as his office term was by far the shortest of any Secretary.  The obverse of the $1 Federal Reserve Note features a cropped version of George Washington's portrait that was previously featured on $1 Silver Certificates and Red Seal Legal Tender Notes.  The reverse of the bill is in the style we know today.   

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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