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- The first of the Federal Reserve Notes issued for general circulation.
- Comes in an inert Mylar currency sleeve.
- Fine condition.
- Signatures: Burke/Glass—Friedberg #1025.
- Face: Last printed in 1928 and bears the portrait of President Ulysses S. Grant.
- Back: An allegorical figure of Panama between a merchant ship and a battle ship.
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Series 1914 Federal Reserve Notes were the first of this type issued after the Federal Reserve Act passed in 1913, which established the banking system and uniform currency that exists to this day. Denominations from $5 through $10,000 and districts A through L (Boston through San Francisco) were established.
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