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((6 DIGIT)) $100 1929 (( Richmond Virginia )) Federal Reserve Bank Note CURRENCY

((6 DIGIT)) $100 1929 (( Richmond Virginia )) Federal Reserve Bank Note CURRENCY

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RARE 6-Digit $100 1929  (( Richmond Virginia ))  Federal Reserve Bank Note  REAL CURRENCY The product is a circulated $100 1929 Federal Reserve Note from New York, United States. It...
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RARE
6-Digit $100 1929 

(( Richmond Virginia )) 
Federal Reserve Bank Note 
REAL CURRENCY

The product is a circulated $100 1929 Federal Reserve Note from New York, United States. It is a banknote from the Federal Reserve System and is considered currency. This historical piece of paper money holds value for collectors and enthusiasts of US currency.


Federal Reserve Notes are the currently issued banknotes of the United States dollar.[1] The United States Bureau of Engraving and Printing, within the Department of the Treasury, produces the notes under the authority of the Federal Reserve Act of 1913[2] and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System.[2] The Reserve Banks then circulate the notes to their member banks,[3] at which point they become liabilities of the Reserve Banks[4] and obligations of the United States.[2]

Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note.[5] The notes are backed by financial assets that the Federal Reserve Banks pledge as collateral, which are mainly Treasury securities and mortgage agency securities[6] that they purchase on the open market by fiat payment.


VERY RARE NOTE

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