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1918, $1 Federal Reserve Bank Note FR717 CGA 67

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:500.00 USD Estimated At:1,000.00 - 1,500.00 USD
1918, $1 Federal Reserve Bank Note FR717 CGA 67
A crisp, fresh gem with a wealth of underlying detail on its nicely inked, smudge-free surfaces. Balanced in all areas. A lovely note.

With the establishment of the Federal Reserve System, a new type of currency came into existence. The notes issued under this system are the Federal Reserve Bank Notes and the Federal Reserve Notes. The Federal Reserve Bank Notes were also inscribed 'National Currency'; the Federal Reserve Notes are not so inscribed and are currency of the system proper, and not of the individual banks in the system. The obverse designs of these two issues are markedly different; the reverses are similar. There were two separate issues of the Federal Reserve Bank Notes, the series of 1915 and this $1 from the series of 1918.