1963 $1 U.S. Federal Reserve Notes // 12 District Set ABCDEFGHIJKL // Deluxe Collector's Pouch

This set contains one $1 note from each of the 12 federal reserve districts from Boston to San Francisco dated 1963. Each note is in crisp uncirculated condition and will be preserved in an archival currency sleeve and presented in a deluxe collector’s pouch.

Federal Reserve Notes (FRNs) are the only banknotes currently produced in the United States. They 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. Series 1914 FRNs were the first of two large-size issues. Denominations were $5, $10, $20, $50, and $100, printed initially with a red seal and then later with a blue seal. Series 1918 notes were issued in $500, $1,000, $5,000, and $10,000 denominations. Notes of this era were often referred to as “horse blankets” due to their large size. As a cost-cutting measure, the size of FRNs was reduced in 1929 to the present-day smaller dimensions.