Federal Reserve Bank Notes are similar to Federal Reserve Notes except for the fact that they are only backed by their issuing Federal Reserve Bank. In this listing, JM Bullion is offering a classic large-format FRBN backed by the Chicago branch. Featuring a portrait of George Washington, these notes offer an intriguing glimpse into America’s financial system in the early 20th century. Now, 1918 $1 Federal Reserve Bank Notes are available to you for purchase online from JM Bullion in Very Fine condition.
- Includes a PMG protective plastic currency sleeve!
- First $1 Federal Reserve Bank Note!
- Classic large format design!
- Issued a face value of $1 (USD) from the US government.
- Graded Very Fine 30 by the Paper Money Guaranty.
- The obverse side contains a portrait of George Washington.
- On the reverse, there is a bald eagle in flight.
When you purchase 1918 Federal Reserve Bank Notes in this JM Bullion online listing, they will arrive to you in protective currency sleeves from the Paper Money Guaranty. PMG has assigned these notes a grade of Very Fine 30. Under this classification, the notes may contain slight soiling and signs of circulation. On average, these will have between 7 and 10 folds. The currency sleeves also feature a label bearing the official grading details from PMG.
The obverse of these $1 Federal Reserve Bank Notes contains a portrait of George Washington. Unlike modern paper currency, the portrait is located on the far-left side. In the center of the note, there is text reading The Federal Reserve Bank of Chicago Illinois Will Pay to the Bearer on Demand One Dollar. Other obverse details include the Treasury seal and the serial number.
On the reverse side of these Federal Reserve Bank Notes, there is a bald eagle in flight. This majestic bird is shown flying right and clutches in its talons an American flag. The surrounding text reads One Dollar, National Currency Federal Reserve Bank Note. Also, the denomination is featured numerically in each of the four corners.
Federal Reserve Bank Notes were first produced in 1915 in a large-size format. The early denominations included $5, $10, and $20. Then a new series in 1918 introduced the $1, $2, and $50 denominations. Small-size Federal Reserve Bank Notes arrived in 1929 and were issued until 1934. They have not been carried by banks since 1945.
If you have questions about these notes, feel free to ask. JM Bullion customer service is available to you at 800-276-6508. You can also contact our team online using our live chat and email address features.