Series Of 1934 C $20 Small Size Note FRN New York Fr#2057-B PCGS Gem UNC 65 EPQ

Product Description

A Series Of 1934 C $10 Small Size Federal Reserve Note Of New York, New York Fr#2057-B Old Back BB Block with signatures Julian/Snyder and Serial # B38676712B graded Gem Uncirculated 65 Exceptional Paper Quality (EPQ) by PMG. This note displays an original white paper color, vivid green ink and uneven margins. Please view our photos for additional information and ask any questions prior to purchase.

Federal Reserve Notes otherwise referred to as United States banknotes are banknotes used primarily in the United States of America and are denominated using the United States dollar (USD). Official legislation enacted by Congress known as the Federal Reserve Act of 1913 established the Federal Reserve System in addition to a centralized banking system. In effect, the ability to issue Federal Reserve Notes as legal tender was created. Prior to the formation of centralized banking, commercial banks issued their own notes. The first institution that acted as a central bank was the First Bank of the United States and was charted by Alexander Hamilton in 1791.