What are Federal Reserve Notes?

Federal Reverse Notes are the banknotes that are currently being used in the United States and are printed by the United States Bureau of Engraving and Printing. 

Since the Federal Reserve Act of 1913, these notes are issued to and distributed by Federal Reserve Banks according to the discretion of the Board of Governors of the Federal Reserve System. From 1913 to 1933, these Federal Reserve notes were backed by gold. In other words, an individual could turn in their currency for an equivalent amount of gold. Since 1933, the U.S. dollar is backed by the faith in and the credit of the United States government. 

From a collector's point of view, these notes are sought after for the same reasons that silver certificates are. Collectors look for specific denominations, dates, cities, condition, and serial numbers. Be sure to look at our collection of Federal Reserve Notes that are for sale!