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In their guide book to American paper money, Arthur and Ira Friedberg state that History Instructing Youth is the famous note in the series and "[p]erhaps the most popular large-size note". [17] History Instructing Youth, along with the other notes of the Educational Series, are "considered to be among the most beautiful American notes ever ...
The term "Educational" is derived from the title of the vignette on the $1 note, History Instructing Youth. [5] Each note includes an allegorical scene on the obverse and a pair of portraits on the reverse. Women appear on all three notes. [6] Denominations of $1, $2, and $5 were produced.
1896 US one-dollar bill History Instructing Youth. The 1899 series replaced the 1896 Educational Series notes. The Black Eagle replaced the one-dollar note in the 1896 series which was called "History Instructing Youth". The 1899 $1 Black Eagle was issued from 1899 until the 1920s. [1]
Her portrait was used again next to her husband, George, on the back of the 1896 one-dollar note. Martha Washington remained the only woman whose image has been featured prominently on U.S. paper currency
Another BEP engraver named Charles Schlecht began his engraving career at the American Bank Note Company. [28] He later engraved the scene on the obverse of the United States one-dollar bill for the 1896 Educational Series: History Instructing Youth. [29] [30]
In 1882, the note was issued as a gold certificate. In 1928 the treasury began to issued small-size bills and the $1,000 denomination featured US President Grover Cleveland. The small-size was issued in 1928 and 1934. [4] Examples of $1000 bills are valued by collectors and they regularly sell for more than their face value. [4]
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On July 14, 1969, the United States Department of the Treasury announced that all notes in denominations greater that US$100 would be discontinued. [1] Since 1969 banks are required to send any $5000 bill to the Department of the Treasury for destruction. [2] Examples of the note have become valuable among collectors.