Sale Ended

Olevian Numismatic Rarities

1969-C $20 Small Size Federal Reserve Note // Sequential Set of 4 // PCGS Certified About New 58 PPQ

Sold Out
Login for Price

Product Description

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. FRNs are legal tender and bear the obligation "this note is legal tender for all debts, public and private" printed on each note. They replaced United States Notes, which were once issued by the Treasury Department. FRNs are backed by the assets of the Federal Reserve Banks, which serve as collateral under Section 16. 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.

The product offered for sale in this listing has been certified by one or more professional certification services, so you can be confident in the authenticity and stated condition.

Product Details
  • Measurements
    8"L x 4.25"W x .1"H
  • OriginUnited States

— Type: Federal Reserve Note
— Size: Small
— Denomination: $20
— Signature: Banuelos-Shultz
— Friedberg Number: FR2070-D

Shipping Information
  • Shipping Availability
    United States
  • Shipping Policy
    Standard Ground Shipping
  • Ship In
    3-4 weeks
  • Return Policy
    Final sale, not eligible for return or cancellation

The sale has ended for this item, but check out our other amazing sales.
NEW SALES