I wish we could get a case noting a difference in FRNs and Lawful money. Either way.
I'm going to solicit the law department of my credit union. We'll see where that goes...
That 1914 case I just read is fairly close. I like how it distinguishes bills from notes. That is very helpful in my mental models.


Also, along the way I have collected:

Quote Originally Posted by US v Rickman; 638 F.2d 182

In the exercise of that power Congress has declared that Federal Reserve Notes are legal tender and are redeemable in lawful money.
Quote Originally Posted by US v Ware; 608 F.2d 400

United States notes shall be lawful money, and a legal tender in payment of all debts, public and private, within the United States, except for duties on imports and interest on the public debt.
Quote Originally Posted by USA v. Thomas 319 F.3d 640

Paper currency, in the form of the Federal Reserve Note, is defined as an “obligation[ ] of the United States” that may be “redeemed in lawful money on demand.” 12 U.S.C. § 411 (2002). These bills are not “money” per se...