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hey everyone welcome to another top 10 list this week's top 10 list is going to be the top 10 different types of us currency and before i knock out that list i just want to give a shout out real quick to lady bullion for those of you who don't watch lady bullion every sunday has an incredible show it goes for about two hours it starts at 4 p.m eastern they do lots of giveaways i was lucky enough to win the last round of the year lady bullion shine on 2020 it's a limited number of the these copper rounds you can see the certificate that comes with it the 2020 round uh the only minted 94 this one is number 92 so i will be keeping all this stuff together just wanted to say thank you once again lady bullion i did receive your package and those of you watching me make sure to tune in to her show on sunday all right so what do i have this week like i said the top 10 different types of us currency uh i do have a couple honorable mentions and i'm going to knock those out first uh first on honorable mention uh these are emergency notes from world war ii and the reason why these are under the honorable mention list is because well this one's a silver certificate this one's a federal reserve note so they're two different types of notes even though they were both put out as emergency currency for world war ii and because they're two different types in and of themselves i can't really put them together in this particular set because they are two different types so i'm not going to call emergency currency a specific type because they aren't but they still get an honorable mention another honorable mention uh this is an obsolete banknote uh by obsolete bank note it means that the bank is now obsolete as well as the currency itself this is my infamous three dollar bill guess it's a real three dollar bill three dollar bill i this was from 1854 if i remember correctly but this was not put out by the federal government this was put out by an individual bank so since it wasn't backed by the government i can't really call it a u.s type of note it's simply an obsolete bank note it's pretty much no different than if you were to write a check that's all this is is basically a pre-written check from that particular bank they're the ones saying that it's good so yeah can't count obsolete notes and the other type of note that is on my honorable mention list is uh confederate notes confederate states of america these were obviously not from the united states of america so because it's not a u.s note it's a confederate states note i can't really include confederate notes in the listing as well like i said it is a type but it's not a type of u.s currency it's a type of confederate states currency so those are my honorable mentions so where am i going to start my list this week well at number 10 we are going with a federal reserve note federal reserve notes are what we use nowadays every bill in your pocket is a federal reserve note federal reserve notes are generally going to have a green seal on them uh generally speaking of course you may see blue seals on some of the large size notes that are federal reserve notes but across the top it does say federal reserve note this one is a light green seal from 1934 if i recall yep so this one is actually just a really neat one to have i like the color on it this one's in really good shape too but the federal reserve note means that the federal reserve says that this is worth money period end of story nothing backing it nothing like that uh the federal reserve says this is cash and we will consider it legal tender so that's that's a federal reserve note that's what we have today so that's number ten number nine uh number nine would be a red seal this is a legal tender note this one is a little bit older um you guys are probably a lot more familiar with the two dollar red seals or the five dollar red seals now here's a ten dollar red seal legal tender note you can see right on the top legal tenders are also known as united states notes so united states note or legal tender note and the fine print on there will say that is legal tender this particular one is 1901. uh 10 legal tender take a quick peek at the back here now what makes a legal tender note well just that there is a legal process which would be a law passed the law authorized so much money to be used as legal tender and that would be backed by bonds or something to that effect but the law had to have been passed to give these any value whatsoever now there's been debate uh with a couple people on in my comments section as to whether or not this is still legal tender and uh well technically it's a legal tender note that's the type of note that it is but is it spendable that's the question and if you look at the website the generic website for the uh for the government currency or us currency says that it's still spendable however it also says that the law was repealed in 1997 so if they repealed the law that made these legal then they're not legal right i mean if a law gave them the power and there is no longer that law then they have no power so they are just paper but anybody having any problem with that i will buy every single one of these for ten dollars that you have if you have a ten dollar legal tender from 1901 i will give you ten dollars for it uh so if you want to spend it spend it with me i'll give you ten dollars number eight number eight we're moving to this is an 1899 silver certificate yeah silver certificate that would be number eight silver certificates were backed by silver uh there was an amount of silver set aside in the treasury so that these bills these notes were backed silver certificates generally have the blue seal on there or blue number here uh the the blue serial number is where that was going to go this one here is a black eagle from 1899. just a cool looking note i like using this particular one um the 1899 black eagle silver certificate now like i said silver certificates were backed by silver um everybody likes to say well they were redeemable in silver well no any note was redeemable in silver because a dollar was a dollar coin was made of silver four quarters were made of silver you could cash in any note you wanted to get silver the thing that made this note valuable was that there was this much silver set aside in the treasury to make it worth what it is so that's a silver certificate number seven if you can have a silver certificate you can also have a gold certificate this is a 1922 gold certificate 20 gold certificate now once again like the silver certificate this note represents an amount of gold that was put away by the treasury so however much was in the treasury that's how much they could print worth of these notes to put in circulation uh that is how this ends up getting its name once again you're gonna see all kinds of different things on other bills saying that the note is redeemable in gold like like i said with the silver certificate all notes were redeemable in silver all notes were redeemable in gold in 1922 we had a 20 gold coin you could bring 20 one dollar bills and get a 20 gold coin that would thus be redeemable in gold this is called a gold certificate because there wasn't a law that made this into money it was the fact that there was gold in the reserve represented by this bill that's what made this valuable not like a federal reserve where they just said here's your money not like it's not like a uh legal tender where they passed a law saying this is gonna be money this was backed by gold so that's the gold certificate all right next up 10 9 8 7 6 10 9 8 7 10 9 8 7 yeah six number six is a treasury note this particular one's an 1891 treasury note for one dollar now a treasury note was put out by the treasury of course and it wasn't necessarily gold or silver uh that was backing it it was precious metal that was backing this you can see right here united states of america will pay one dollar in coin it doesn't say in gold it doesn't say in silver it says one dollar in coin so this was backed by precious metal it was just a matter of whether it was gold or silver or anything else for that matter could have been platinum could have been copper it could have been all kinds of different things but this was just used specifically as a treasury note for uh that had any type of metal backing it so that was put out by the treasury department in and of itself take a quick peek at the back now this was from 1890 this particular one's 1891. 1890 and 1891 are the two main years that you're gonna find treasury notes for number five another type of note that you're gonna see well actually you may not see you may not be aware of these this is called a compound interest treasury note uh you can see the date on this particular one 1864 august 15th 1864. this of course is a reproduction now compound interest treasury notes uh these could be spendable but these were also kind of like bonds as well you can see on the back here is how the interest rate went six months interest uh would be worth 60 cents so the note would be worth 20 and 60 cents after a year after 18 months and so on down the line so it had the actual redemption value right on the back so that's something you don't get a chance to see i'll just zoom in real quick so you can check out all that stuff the sum of 23.88 cents will be paid to the bearer for principal and interest at maturity of the note uh the year from the date so yeah there's the date right there and uh yeah that is a compound interest note now obviously there aren't very many of these out there because as a compound interest that means you're getting interest on your interest as well that's compounding the interest people were eager to cash these in imagine having a compound interest note now 1864 you're talking 1964. that's 100 years uh 150 156 years 166 years basically uh of compounding interest yeah that would be worth a ton so those are compound interest notes you're probably not going to see any of those around all right next up i've got fractionals now during the civil war uh it was very difficult for people to get their hands on change and with change at a premium they still needed small change because things didn't cost as much as they do now so it was very important for them to have uh change for people so what they did was they used the post office to print postal uh currency um and that then became known as fractional currency so this particular one is three cents you can see how the postage stamp three cents and also the size wise yeah that's also pretty small in comparison so yeah three cents here this one's 25 cents they made here 10 cents they made them in all different denominations uh they did not make pennies three cents was the smallest that they made normally you'd see five 10 25 or 50 cent uh fractional currencies but these were throughout the civil war and all the way up until 1875 before they're actually able to get change uh with any regularity back into circulation so that's the next one ten nine eight seven six five number four number three number three i am going with uh national currency this is federal reserve bank uh this is a federal reserve bank note that's what this is um this is from one of the 12 federal reserve banks there are 12 of them every note that you're going to see is going to have a number on it like this particular one federal reserve uh has the number nine nine uh the corresponding letter is i i represents minneapolis minnesota so this was distributed by the federal reserve bank of minneapolis however there was a time when the federal reserve banks were actually backing the money that they were putting out so this is one of those instances you can see right up on top series of 1929 federal reserve bank of chicago will pay the bearer on demand 100 doesn't say that the treasury would pay the it doesn't say that the us government would pay it says the federal reserve bank of chicago will pay so that is national currency from a federal reserve bank federal reserve bank uh note for 100 the back looks just like normal notes would just a really cool design there on the back like that and this one's in pretty good shape as well so that's number three now number two if that is a federal reserve bank note there is one other form of national currency and that would be the national bank note not the federal reserve bank but a national bank what would happen is that the government would send out people to check out banks and make sure that they were solvent and if they were they would be given a charter number and we were able to declare themselves national banks so what would happen is they would be issued a charter number like this and they would then be able to put money on deposit with the treasurer and however much they put there they were able to have money printed with their particular bank's name on it because that particular bank was the one guaranteeing the money so much like the federal reserve banks would back federal reserve bank notes the national bank notes were backed by national banks so it was very important for your bank to be the first bank in your given town to be given national bank status that is how you would get the first national bank of your town this particular one is the lazy deuce uh from 1866 the very first charter of national bank notes so that's the difference between a federal reserve bank note and a national bank note so what did i go with for number one well for number one i actually have two separate types of notes but they get piled together a lot so that i did the same thing the first would be what's called colonial currency colonial currency was put together by the colonies themselves you can see the date on this particular note is 1770. 1770 uh this is a half dollar note from 1770 and since all we had at the time were the colonies themselves uh this is not u.s currency it is colonial currency uh for use in the colonies themselves now uh this particular one was mounted on a piece of cardboard it's in very rough shape but it's still pretty cool so i wanted to make sure i had one of those now this would be considered continental continental currency put together by the continental congress now if you take a quick peek at this one you can see the date right here that would be the 14th of january 1779. well that's after 1776 which means the continental congress had met the continental armies have been fighting for our country trying to free us from britain um this particular one is a fifty dollar note um continental currency uh did suffer a little bit of hyper inflation that's why i've got a 50 note um there was an expression at the time when it didn't look like we were actually going to win where people would say if something was worthless they'd say it wasn't worth a continental and this is what they were referring to continental currency lucky for us we did pull it off and win the war and we have our own country to thank um right on the top you can see it does say united states united states right there so yeah this was like the first currency we actually had back this is pretty cool too they used leaves to make sure that you couldn't counterfeit the notes 1779 on there just a cool piece of history that i had to bring out hand numbered of course hand signed and that pretty much covers all the different types of us currency all right guys that's what i've got for you this week um if you learned anything new go ahead and hit that like button if you want to see more please subscribe every sunday i've been putting out my top 10 lists every thursday i do my thousand dollar strap search so thank you all for watching and i'll see you again uh next week don't forget if you have an idea for a top 10 list leave that in the comments and i will see what i can do thanks for watching everyone see you next time