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1929 $100 National Currency, The Federal Reserve Bank of NY Grades

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:80.00 - 172.00 USD
1929 $100 National Currency, The Federal Reserve Bank of NY Grades
1929 $100 National Currency, The Federal Reserve Bank of NY Grades. The front depicts Benjamin Franklin and the reverse has Independence Hall. National Currency, issued 1915-34, are banknotes that are legal tender in the United States, together with United States Notes, silver certificates, Gold Certificates, National Bank Notes and Federal Reserve Notes. They had the same value as other kinds of notes of similar face value. Federal Reserve Bank Notes differ from Federal Reserve Notes in that they are backed by one of the twelve Federal Reserve Banks, rather than by all collectively. They were backed in a similar way to National Bank Notes, using U.S. bonds, but issued by Federal Reserve banks instead of by chartered National banks.