Introduction to the 2003 $1 FRN
The 2003 $1 FRN PMG Gem Unc 66EPQ Fancy 1/2 Binary Radar Repeater is a notable collectible in the world of currency enthusiasts. This specific note is highly sought after due to its unique serial number pattern, superior condition, and rarity.
The first $1 Federal Reserve notes were issued in 1963. The design, featuring George Washington on the face and the Great Seal on the back, has not changed.
The first $1 notes (called United States Notes or “Legal Tenders”) were issued by the federal government in 1862 and featured a portrait of Secretary of the Treasury Salmon P. Chase (1861-1864).
The first use of George Washington’s portrait on the $1 note was on Series 1869 United States Notes.
If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years for you to go broke.
Because the $1 note is infrequently counterfeited, the government has no plans to redesign this note. In addition, there is a recurring provision in Section 116 of the annual Financial Services and General Government Appropriations Act that prohibits the redesign of the $1 note.
All U.S. currency remains legal tender, regardless of when it was issued.
Understanding the Serial Number
One of the most intriguing aspects of this 2003 $1 FRN is its fancy serial number. The term ‘1/2 Binary’ indicates that the serial number consists of a combination of only two digits, which are 1 and 2 in this case. Additionally, the ‘Radar’ and ‘Repeater’ features make this note even more remarkable. A ‘Radar’ serial number reads the same forwards and backward, while a ‘Repeater’ contains a repeating sequence of digits, enhancing its appeal to collectors.
Grading and Condition
The PMG Gem Unc 66EPQ grading signifies that this 2003 $1 FRN is in exceptional condition. PMG, or Paper Money Guaranty, is a trusted certification company that assesses the quality of banknotes. ‘Gem Uncirculated’ indicates that the note shows no signs of wear, and ’66EPQ’ specifies an exceptional paper quality with sharp corners, vibrant colors, and strong eye appeal.
Rarity and Collectibility
The combination of the fancy serial number and the high PMG grade makes this 2003 $1 FRN an excellent addition to any collection. Notes with such unique characteristics are rare, and their value tends to be appreciated over time. Collectors often seek out these notes to complete their collections or to invest in pieces that hold historical significance and aesthetic appeal.
In conclusion, the 2003 $1 FRN PMG Gem Unc 66EPQ Fancy 1/2 Binary Radar Repeater is a prized collectible. Its distinctive serial number, pristine condition, and rarity make it a valuable asset for currency enthusiasts and collectors alike.
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