Originally Posted by
Michael Joseph
Hello James Paul,
In my estimate, the FRN is a dual capacity note. So I will say it like this: There are TWO seals on said note and two signatories. So then both the USN and the FRN are legal tender and Both are LAWFUL TO USE but only one is Lawful Money OF the United States. Just like there can be two children in a room from two different families and one child is OF his daddy and another child is OF his daddy.
So then any slick is going to just say you got lawful money - but that is obfuscation in that a FRN is lawful to USE but is NOT lawful money OF the United States.
As I said this is my opinion.
Shalom,
MJ