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United States Notes aka Legal Tender Notes a brief look.

United States Notes aka Legal Tender Notes They are commonly known as Red Seals, or Legal Tender Notes due to the red seal and numbers, and the Legal Tender obligation found on them. The Treasury Department was in charge of them, and were under obligation to keep a certain amount in circulation, until they first changed the verbiage of the act to no longer have to replace the worn Notes, and eventually in the 1990s the law to no longer actually have to issue or circulate them anymore, making them obsolete, and as a result most are worth more than face value as numismatic collectibles.