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The 1963A $10 Federal Reserve Note from Philadelphia, PA, represents an important period in the history of U.S. currency. Issued during a time of economic prosperity and financial stability, this note was part of the final series of $10 bills printed before major changes were made to American banknotes in the late 1960s. The 1963A series continued the design and security features of its predecessors while reflecting the ongoing transition from metal-backed currency to fully fiat money. This particular note, graded 66EPQ (Gem Uncirculated with Exceptional Paper Quality) by PMG, is one of the highest-quality surviving examples, making it an exceptionally desirable piece for collectors.
Federal Reserve Notes had been the dominant form of paper money in the United States since the early 20th century, replacing earlier forms such as Silver Certificates and Gold Certificates. Unlike these previous types of currency, which were backed by specific reserves of gold or silver, Federal Reserve Notes were backed by the credit of the U.S. government. By 1963, the transition to fiat currency was nearly complete, and the 1963A series was among the first to entirely omit any reference to gold or silver redemption. This marked a significant shift in the nation’s monetary system and laid the groundwork for the modern paper money system.
The obverse of the 1963A $10 Federal Reserve Note features a distinguished portrait of Alexander Hamilton, the first Secretary of the Treasury and one of the most influential figures in American financial history. Hamilton’s role in establishing the U.S. banking system, advocating for a strong central government, and founding the U.S. Mint made him a fitting choice for the $10 denomination. His portrait is framed within an intricate border with fine detailing that enhances both security and visual appeal. Above the portrait, the words “Federal Reserve Note” are prominently displayed, reinforcing its status as legal tender issued by the Federal Reserve System.
The obverse also features a green Treasury seal and matching green serial numbers, which had been standard elements of Federal Reserve Notes since the 1930s. These green security features helped differentiate Federal Reserve Notes from earlier issues such as Gold Certificates and Silver Certificates, which featured gold and blue seals, respectively. The serial numbers appear twice, flanking Hamilton’s portrait, while the Treasury seal is positioned on the right. The note also includes the printed signatures of the Treasurer of the United States and the Secretary of the Treasury, further authenticating its legal status.
The reverse of the 1963A $10 Federal Reserve Note displays a finely detailed engraving of the U.S. Treasury Building in Washington, D.C. This neoclassical structure has long been associated with financial stability and economic governance, making it a fitting choice for the $10 denomination. The engraving captures the grandeur of the Treasury Building, with its towering columns, symmetrical facade, and historic architecture. Above the image, the words “The United States of America” are prominently displayed, while the denomination “Ten Dollars” appears in bold lettering below.
The reverse design maintains the clean, balanced layout that had become standard in U.S. banknotes by the mid-20th century. Unlike earlier designs that often featured allegorical figures or elaborate decorative elements, the 1963A series adopted a more streamlined approach that prioritized legibility and security. The engraving of the Treasury Building is executed with remarkable precision, using intricate shading and fine lines to create depth and realism. This level of craftsmanship helped deter counterfeiting while enhancing the overall aesthetic appeal of the note.
The 1963A $10 Federal Reserve Note was printed at the Bureau of Engraving and Printing in Washington, D.C., the government agency responsible for producing all U.S. paper currency. Each of the twelve Federal Reserve Banks issued their own version of the note, identifiable by unique letter and number combinations within the Federal Reserve Seal. The Philadelphia issue, designated by the letter “C,” was distributed through the Third Federal Reserve District, which served Pennsylvania, southern New Jersey, and parts of Delaware.
The mintage of the 1963A $10 Federal Reserve Note was substantial, as these notes were widely used in daily commerce. However, due to their extensive circulation, many surviving examples exhibit significant wear, including folds, creases, and discoloration. While millions of these notes were originally printed, the vast majority have been lost to time or exist in heavily worn condition. As a result, high-grade specimens are far scarcer than their initial production numbers might suggest, making them particularly desirable among collectors.
The condition of this particular 1963A $10 Federal Reserve Note has been graded as 66EPQ by Paper Money Guaranty (PMG), indicating that it is in Gem Uncirculated condition with Exceptional Paper Quality. A grade of 66 represents a near-perfect note, free from any major handling marks, folds, or signs of circulation. The "EPQ" (Exceptional Paper Quality) designation further enhances its desirability, as it certifies that the note retains its original paper texture, crispness, and color without any artificial restoration or processing.
One of the key attributes of a 66EPQ note is its superior eye appeal. The ink remains bold and vibrant, with no fading, smudging, or discoloration. The paper retains its original firmness and texture, free from any creases, stains, or other imperfections. The green Treasury seal and serial numbers are sharply defined, providing a striking contrast against the note’s background. The fine details of Hamilton’s portrait on the obverse and the Treasury Building engraving on the reverse are exceptionally well-preserved, showcasing the high level of craftsmanship involved in the note’s production.
Collectors highly value 66EPQ examples of the 1963A $10 Federal Reserve Note due to their rarity, pristine condition, and historical significance. While lower-grade examples remain collectible, high-grade specimens are significantly scarcer and command premium prices in the numismatic market. The PMG certification provides additional assurance of the note’s authenticity and quality, making it a trusted investment for currency enthusiasts and serious collectors alike. This note represents one of the finest surviving examples of the 1963A series, ensuring its place as a prized addition to any collection.
The market for Federal Reserve Notes from the 1963A series remains strong, with collectors drawn to their historical importance, distinctive design elements, and connection to the economic policies of the early 1960s. The $10 denomination, featuring Hamilton’s portrait and the Treasury Building, holds particular appeal due to its association with the evolution of the U.S. financial system. A 66EPQ example represents one of the best-preserved pieces from this period, ensuring that it will remain a valuable and sought-after collectible for years to come.
Beyond its numismatic value, the 1963A $10 Federal Reserve Note serves as a tangible link to a transformative period in American monetary history. It reflects the final transition from gold-backed currency to fully fiat money, providing insight into the financial and policy decisions that shaped modern U.S. banking. The historical significance of these notes extends beyond their collectible value, offering a deeper understanding of the economic landscape of the mid-20th century.
Owning a 1963A $10 Federal Reserve Note from Philadelphia in 66EPQ condition allows collectors to acquire a near-perfect example of this historic issue. Whether viewed as an investment, a historical artifact, or a collector’s showpiece, this note remains a treasured addition to any collection of U.S. paper money. Its combination of rarity, exceptional preservation, and historical importance ensures that it will continue to be a sought-after piece in numismatic circles for generations to come.