The U.S. utilizes a fiat form of currency that consists of both paper money and coins. Paper money in the U.S. is considered legal tender – backed by the full faith and credit of the U.S. government. The paper bills are called Federal Reserve banknotes, which are all created and managed by the U.S. Federal Reserve. Banknotes are issued in denominations of $1, $2, $5, $10, $20, $50 and $100 and are circulated to the public by the 12 regional Federal Reserve Banks through participating banking institutions. Uncirculated Federal Reserve banknotes are freshly printed bills that have yet to be distributed to the public. Obtaining uncirculated Federal Reserve banknotes is an easy process.
Obtaining Uncirculated Banknotes
To obtain current or newly printed uncirculated Federal Reserve banknotes, simply call or visit local banks or credit unions and inquire as to their supply and whether some portion is available for purchase. If they have the bills you're seeking, you will pay the bank for the face value of the uncirculated Federal Reserve banknotes. Collectors seeking previously issued uncirculated Federal Reserve banknotes can do so through companies, online services and auction websites that specialize in collectible banknotes and coins. The collectible value of an uncirculated banknote is generally higher than the face value, depending upon variables such as age, type of bill, condition, demand and other factors.