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Inventory:
5 In Stock
- Product ID: 14086
The 1934C $10 Federal Reserve Note represents a significant piece of American numismatic history. Issued during a pivotal era of economic recovery following the Great Depression, this note is a testament to the efforts made by the United States to stabilize its economy and restore confidence in its currency. The Federal Reserve Note series, including the 1934C, played a crucial role in the financial system, facilitating transactions and ensuring a reliable medium of exchange for the American public.
The design of the 1934C $10 Federal Reserve Note features a portrait of Alexander Hamilton, one of the Founding Fathers of the United States and the first Secretary of the Treasury. Hamilton's contributions to the establishment of the American financial system are honored through his prominent depiction on the front of the note. His portrait is flanked by intricate scrollwork and ornamental designs, reflecting the artistry and attention to detail characteristic of the period's currency design.
Above Hamilton's portrait, the words "FEDERAL RESERVE NOTE" are prominently displayed, signifying the note's status as legal tender issued by the Federal Reserve System. The serial number and the Treasury seal are also featured on the front, providing authenticity and security against counterfeiting. The serial numbers are unique to each note, adding an element of individuality and traceability to the currency.
On the reverse side of the 1934C $10 Federal Reserve Note, an image of the U.S. Treasury Building is depicted. This iconic building, located in Washington, D.C., symbolizes the strength and stability of the nation's financial institutions. The intricate detailing of the Treasury Building, complete with its classical architectural elements, underscores the note's historical significance and its role in representing the United States' economic infrastructure.
The 1934C series was produced by several of the 12 regional Federal Reserve Banks, each serving a specific district within the United States. The notes were distributed across the country to ensure widespread availability and circulation. The specific bank that issued the note is indicated by the letter and number combination found within the Federal Reserve seal on the front of the note. This system allowed for efficient management and distribution of currency, adapting to the economic needs of different regions.
As with other notes from this era, the 1934C $10 Federal Reserve Note is printed on high-quality cotton and linen paper, chosen for its durability and resistance to wear and tear. This choice of material ensured that the notes could withstand the rigors of daily use, maintaining their integrity and readability over extended periods of circulation. Despite their resilience, many notes from this period have accumulated signs of wear, such as creases, folds, and minor stains, which add to their historical character and authenticity.
In terms of mintage, the 1934C series saw a substantial production run to meet the demands of the recovering economy. The exact mintage figures vary based on the Federal Reserve Bank of issuance, but collectively, millions of notes were printed and circulated. The widespread issuance and subsequent use of these notes contributed to their role as a fundamental component of the American financial system during the mid-20th century.
The condition of this particular 1934C $10 Federal Reserve Note is graded as Good to Very Good (G-VG). This grading indicates that the note has experienced significant circulation, with evident signs of wear and handling. While the finer details of the design may show some wear, the main elements, including Hamilton's portrait and the Treasury Building, remain visible and recognizable. The note's historical value is preserved, offering collectors a tangible connection to a transformative period in American economic history.
Owning a 1934C $10 Federal Reserve Note graded G-VG provides collectors with a meaningful piece of the past, encapsulating the resilience and recovery efforts of the United States during the Great Depression and beyond. Whether valued for its historical significance, design elements, or as a testament to the nation's economic journey, this note serves as a cherished addition to any numismatic collection.