We are pleased to offer for sale this One Dollar Bill Federal Reserve Note Series 2006 Federal Reserve Bank of Boston US Currency. These $1 Boston FRNs are in Crisp Uncirculated Condition and were minted at the Federal Reserve Bank of Boston, MA. These $1 Boston Green Seal notes are Series 2006 or 2006A (our choice). Each bill comes in a currency sleeve for protection. These $1 2006 Boston FRN Green Seal Notes will make a nice addition to any currency collection!
Information on these Federal Reserve Notes Series 2006 One Dollar Bills:
In 1929 all US Currency was changed to its current modern size. The 2006 Series notes can still be seen in circulation today. The One Dollar FRN has had a relatively unchanged appearance since 1963. 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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