These "African American Face Reserve Obligation" (AFRO) Notes were issued in Chicago, Illinois in the late 1980's.
Some 30 years ago an American investment banker, named Price, came up with the idea of the Afro-American Face Reserve Organization (AFRO) with its very own banknotes. The money was to be used to improve the status of the black community by increasing its purchasing power. Price expected that some $100 million spent monthly in these AFRO notes could raise about $10 million for a trust fund, which would in turn provide income
The purpose of this colorful "Scrip" was to stimulate business and economic activity, primarily for the less prosperous areas of Chicago. The concept was to build incentive for stores using these "Dollars" to be frequented more often and stimulate the local growth of the region. These Afro Dollars were accepted by merchants and participating banks just like your federal reserve notes now. Apparently, the idea went sour and eventually failed and the banks abandoned it.
The obverse of the note displays a portrait of Frederick Douglass. The reverse of the notes show the Douglass Home in Washington, D.C.PLEASE SEE THE PICS AND GRADE THEM FOR YOURSELF.
PLEASE NOTE ***** A 5 STAR RATING IS WHAT I SEEK IN EVERY CATAGORY. MY GOAL IS 100% BUYER SATISFACTION IN EVERY TRANSACTION. GOOD COMMUNICATION CAN RESOLVE ANY PROBLEM, AND IN MOST CASES, I WILL ACCEPT RETURNS ON ANY ITEM SOLD. PLEASE EMAIL ME WITH ANY CONCERNS PRIOR TO PASSING JUDGEMENT THROUGH THE FEEDBACK SYSTEM. MY FB AND SELLER RATINGS ARE MORE IMPORTANT TO ME THAN ANY ONE SALE !
LOOKS BETTER THAN THE SCANS. PLEASE SEE THE SCANS AND JUDGE FOR YOURSELF.
WATCHES AND MOVEMENTS ARE NOT TIMED FOR ACCURACY OR WATER-TESTED. NO BOX, EXTRA LINKS OR PAPERS, BUT I GUARANTEE 100% THEY ARE GENUINE and/or AS DESCRIBED.
WORLDWIDE SHIPPING VIA REGISTERED POST CAN TAKE 3 TO 5 WEEKS, SO PLEASE BE PATIENT. I DO NOT PERSONALLY DELIVER YOUR MAIL, OR YOU WOULD SURELY HAVE IT SOONER!
IF YOU REQUIRE A FASTER AND MORE SECURE SHIPPING, PLEASE SELECT THE IEMS (INT'L EXPRESS MAIL SERVICE) OPTION FOR AN ADDITIONAL CHARGE OF $35. WORLDWIDE. IEMS INSURED SHIPPING TIME IS 7-10 BUSINESS DAYS.
I WILL GIVE YOU A POSITIVE FEEDBACK AS SOON AS YOUR ITEM IS RECEIVED, AND WHEN YOU HAVE LEFT A POSITIVE FEEDBACK FOR ME.
IF THERE IS ANY PROBLEM, PLEASE CONTACT ME BEFORE YOU LEAVE FEEDBACK, AND GIVE ME AN OPPORTUNITY TO MAKE IT RIGHT. YOUR SATISFACTION IS VERY IMPORTANT TO ME, AND I WILL WORK HARD TO EARN YOUR 5*****STAR RATING.
**WORLDWIDE SHIPPING RATES**
COINS: $7. SENT WITH REGISTERED MAIL AND PLEASE ADD $1. PER EVERY EXTRA COIN.
BANKNOTES, STAMPS & POSTCARDS: $4. SENT WITH REGISTERED MAIL FOR ANY AMOUNT OF BANKNOTES WON IN THE SAME AUCTION.
WATCH MOVEMENTS: $7. SENT WITH REGISTERED MAIL. PLEASE ADD JUST $1. PER EVERY ADDITIONAL MOVEMENT.
WATCHES: $12. SENT WITH REGISTERED MAIL AND PLEASE ADD $3. PER EVERY EXTRA WATCH.
ALL ITEMS (EXCEPT BANKNOTES) ARE CAREFULLY AND LOVINGLY PACKED IN A SEALED AIR JIFFYLITE CUSHIONED BUBBLE WRAP MAILER. BANKNOTES ARE SENT IN INDIVIDUAL PLASTIC SLEEVE, AND PLACED BETWEEN TWO PCS OF STIFF PROTECTIVE CARDBOARD.
**PLEASE SEE MY OTHER ITEMS FOR SALE**
On Jun-02-13 at 19:11:02 PDT, seller added the following information:
On Jul-22-13 at 03:34:15 PDT, seller added the following information:
|Shipping / Handling Cost||Cost For Each Additional Item||Service|
|$0.00 - Free Shipping||$0.00||Economy Shipping from outside US (11 to 20 business days)|
|$45.00||$0.00||Standard Shipping from outside US (5 to 10 business days)|