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1929, $100 Federal Reserve Bank Note. PMG Gem Ne

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:300.00 USD Estimated At:600.00 - 700.00 USD
1929, $100 Federal Reserve Bank Note. PMG Gem Ne
<B>1929, &#36;100 Federal Reserve Bank Note. PMG Gem New 66.</B> <B> Fr-<B>1890-G</B>.</B> <B> KL-2754.</B> Classic 1929 National Currency issue on the Chicago district federal reserve bank. When the government &#34;closed the banks&#34; during the banking crisis of 1932-33, the Treasury department told the Roosevelt administration it could immediately increase the money supply without having to apply to congress by issuing these 1929-series brown-overprint notes. Production ramped up for a time before new laws were introduced and passed allowing for a large increase in Federal Reserve Notes as well as Silver Certificates through the latter part of the 1930s. A fresh, crisp Gem 66 example! <BR>Estimated Value &#36;600-700. <BR><BR>Our item number 90698<BR><IMAGES><P ALIGN="CENTER"><IMG SRC="http://216.67.248.213/liveauction/34jpegs/090698.jpg"> <BR><IMG SRC="http://216.67.248.213/liveauction/34jpegs/090698N2.jpg"> </P></IMAGES>