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Olevian Numismatic Rarities

$5 United States Currency Set of 3 // Green, Blue, & Red Seals // Lightly Circulated // 1934 to 1963

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Product Description

Since the introduction of federally issued paper money in 1861, several forms of U.S. currency have been produced. This 3-piece set highlights 3 key types of American paper money, dating from the post-Great Depression era to the Kennedy administration, that are highly sought after by both collectors and enthusiasts of American history alike.

Each set features a federal reserve note, silver certificate, and legal tender note of the $5 denomination issued from 1934 to 1963 and bearing the green, blue, and red Treasury seals, respectively. Your product is guaranteed to be genuine and will match the quality of the notes shown. Each note will be housed in an archival-quality plastic sleeve and presented in a luxurious black velvet bag with certificate of authenticity.

United States Notes, also known as Legal Tender Notes, were a form of U.S. paper money issued from 1862 to 1971. Having been produced for 109 years, they were the longest running form of paper money in U.S. history. They were authorized as a form of fiat currency by the first Legal Tender Act. Legal tender notes were originally placed in circulation by the U.S. Treasury to pay expenses incurred by the Union during the Civil War. During the next century, the legislation governing these notes was modified many times and numerous versions were issued by the Treasury. Prior to 1929, United States Notes were issued in a large-size format, measuring 7.4" x 3.1". Given this large size, they were later referred to as “horse blankets.” Starting in 1929, the size of U.S. currency was reduced to its present dimensions, and the United States Notes appeared more similar to recent Federal Reserve Notes, with the distinction of having Treasury seals and serial numbers that were red instead of green. Although all United States Notes remain valid currency to this day, they are virtually non-existent in circulation and some command significant collectible premiums.

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. They replaced United States Notes and are backed by the assets of the Federal Reserve Banks. 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. 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. The 1914 and 1918 series notes measured approximately 7.4" x 3.1". As a cost-cutting measure, the size of FRNs was reduced in 1929 to the present-day smaller dimensions.

Silver certificates were a form of representative paper money issued between 1878 and 1964 in the United States. They were produced in response to silver agitation by citizens who were unhappy by the Fourth Coinage Act, which effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value in silver dollar coins and later in raw silver bullion (June 24th, 1967 to June 24th, 1968). The original silver certificates from 1878 to 1923 were also printed in a large-size format measuring 7.4" x 3.1". They were issued in denominations of $10 to $1,000 in 1878 and 1880, after which the $1, $2, and $5 denominations were authorized in 1886. In 1928, all U.S. banknotes, including silver certificates, were reduced in size as a cost-cutting measure to their present dimensions. Since 1968, silver certificates have been redeemable only in Federal Reserve Notes and are thus obsolete but remain legal tender at their face value and are technically an accepted form of currency.

Product Details
  • Measurements
    8"W x 4.25"H x 0.1"D
  • OriginUnited States

— Includes Certificate Of Authenticity
— Housed In Archival Quality Acetate Protective Sleeve, Ready For Safe Storage, Display, Or Framing

Please Note: The item you receive will match the quality of the one shown, but may vary slightly due to the nature of original historical documents.

Shipping Information
  • Shipping Availability
    United States
  • Shipping Policy
    Standard Ground Shipping
  • Ship In
    1-2 weeks
  • Return Policy
    Final sale, not eligible for return or cancellation

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