Nice 1914 $50 Federal Reserve Note from Chicago District. This note is in Very Fine condition with typical wear for the grade.
- The first of the Federal Reserve Notes issued for general circulation.
- Housed in an archival quality currency sleeve.
- Moderately circulated $50 note from series 1914.
- Face: Last printed in 1928 and bears the portrait of President Ulysses S. Grant.
- Back: An allegorical figure of Panama between a merchant and battle ship.
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Signature combo of Burke/Houston—Friedberg #1050.
Series 1914 Federal Reserve Notes were the first of this type issued after the Federal Reserve Act passed in 1913. This established the banking system and uniform currency that exists to this day. Denominations from Five through Ten Thousand Dollars, and districts A through L, (Boston through San Francisco) were established.