1918 (B-New York) $5.00 FRBN VF-15 PMG (Fr#782)
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$449.99
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Currency Highlights:
- The first of the Federal Reserve Bank Notes (aka national currency) issued for general circulation.
- This note will be in an archival quality currency holder by PMG.
- Graded Very Fine-15 by PMG.
- Last printed in 1928 and features an offset portrait of President Abraham Lincoln.
- National signatures are Teehee/Burke; and the bank signatures of Hendricks and Strong—Friedberg #782.
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Series 1918 Federal Reserve Bank 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 $5 through $50, and districts A through L, (Boston through San Francisco) were established. Although similar in design to their Federal Reserve Note counterparts, these are easy to identify due to their portraits set to the left and the FRB name featured prominently in the center.
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