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United States Currency and Its History

Old US paper money includes multiple types of United States currency like Federal Reserve Notes, Silver Certificate, Gold Certificate and United States notes. The history of American currency begins with continental currency. All 13 colonies issued their own banknotes denominated in ranges from 1/6 dollar to 80 dollars.

Treasury notes and Demand notes followed, succeeded by United States note which were also known as Legal Tender notes. Another type of United States paper money was the fractional currency. These were issued in 3, 5, 10, 15, 25 and 50 cents. Gold Certificates were redeemable in gold coin just like the Silver Certificate was redeemable for silver.

Other kinds of old US currency are Interest bearing note, Compound interest treasury notes, National Bank notes, National Gold bank notes, Refunding Certificates, United States Postal notes, Treasury or Coin notes, Federal Reserve Bank Notes and finally Federal Reserve Notes. The last ones are currently in circulation and printed in 1, 2, 5, 10, 20, 50 and 100 dollars.