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A money order is purchased for the amount desired. In this way it is similar to a cashier's check.The main difference is that money orders are usually limited in maximum face value to some specified figure (for example, the United States Postal Service limits domestic postal money orders to US$1,000.00 as of November 2023) while cashier's check are not.
To comply with the new law, "Any Money Order Office" was rubber-stamped or hand written in place of a specific paying city on the Type II forms. These notes are called Type II-A. To comply with the law, Homer Lee's engravers added the words "ANY MONEY ORDER OFFICE" in a level line into the second design's printing plates.
United States Postal Money Service was introduced in 1864 by an act on Congress as a way of sending small amounts of money through the mail. [6] By 1865 there were 416 post offices designated as money order offices that had issued money orders to the value of over $1.3 million and by 1882 they had issued orders valued at $113.4 million from ...
To determine whether a USPS money order you have received is real, call the money order verification system at 866-459-7822. To report money order fraud, contact the U.S. Postal Inspection Service ...
Before the Civil War, the United States used gold and silver coins as its official currency. Paper currency in the form of banknotes was issued by privately owned banks, the notes being redeemable for specie at the bank's office. Such notes had value only if the bank could be counted on to redeem them; if a bank failed, its notes became worthless.
Large-denomination currency (i.e., banknotes with a face value of $500 or higher) [1] had been used in the United States since the late 18th century. [2] The first $500 note was issued by North Carolina , authorized by legislation dated May 10, 1780. [ 3 ]
The Official Red Book: A Guide Book of United States Paper Money. Introduction and narrative by Q. David Bowers. Atlanta, GA: Whitman Publishing. ISBN 978-0-79481-786-2. Hudgeons, Marc; Hudgeons, Tom (2006). Blackbook Price Guide to United States Paper Money (38th ed.). New York City: House of Collectibles. ISBN 978-1-40004-845-8.
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