Series Of 1934 $1000 Bill FRN San Francisco Fr#2211-Ldgsm DGS Mule PMG VF30 Rust

Product Description

A Series of 1934 $1000 Federal Reserve Bank of San Francisco, California Fr#2211-Ldgsm Dark Green Seal Mule with signatures Julian/Morgenthau with serial # (L00050199A) graded Very Fine 30 (VF-30) with an annotation for rust by Paper Money Guaranty (PMG).  This note displays a light grey paper color with some edge browning typical for the grade, minor rust imprints below the portrait, small tear in the upper obverse left hand side margin and faint bank tellers stamp to the left hand side of the portrait that is not annotated and fairly even 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.