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***Auction Highlight*** 1914 $50 Large Size Federal Reserve Note Richmond, VA 5-E Grant Grades Choic

Currency:USD Category:Coins & Paper Money Start Price:400.00 USD Estimated At:1,525.00 - 3,050.00 USD
***Auction Highlight*** 1914 $50 Large Size Federal Reserve Note Richmond, VA 5-E Grant Grades Choic
***Auction Highlight*** 1914 $50 Large Size Federal Reserve Note Richmond, VA 5-E Grant Grades Choice AU. In 1913, Congress enacted the Federal Reserve Act, creating the Federal Reserve System and allowing it to issue its own legal tender notes. This 1914 $50 note is the first of those to be issued for general circulation! It features a portrait of our 18th President of the United States, Ulysses S. Grant, alongside an attractive blue seal. The vignette on the back features an allegorical figure of Panama between a merchant vessel and a battleship.