In 1913, Congress passed the Federal Reserve Act, which created the Federal Reserve, established Federal Reserve Banks, and adopted Federal Reserve Notes (the stuff in our wallets that we call money) as the nation’s official currency.

One of the options given to Federal Reserve Banks was the ability to issue their own Federal Reserve Bank Notes that could be used as legal tender but were only redeemable at the originating Federal Reserve Bank—until 1933, these notes were redeemable in gold. The first of these notes, dated 1915, were similar in design to the larger-size bills of the day, sharing graphic elements from National Bank Notes.

The backs of these notes are particularly handsome, making them much collected. The so-called "Battleship $2" from 1918 features Thomas Jefferson on the front and the Battleship New York on the back. Ten-dollar Federal Reserve Bank Notes from 1915 are printed with the same engraving of a horse-drawn reaper facing a factory as the Federal Reserve Notes from that year. But on the fronts of all Federal Reserve Bank Notes is the name of the bank issuing the note.

After issues in 1915 and 1918, the notes went on hiatus until 1933, when smaller, Series 1929 notes were printed as emergency currency during the banking crisis that accompanied the Great Depression. These notes had brown seals and the name of the issuing Federal Reserve Bank on their fronts.

One especially odd detail about these notes is the clumsy way in which the word "President" in the lower-right corner of the bill was blacked out (in some cases not even completely). The word was supposed to go below the signature of the head of the issuing Federal Reserve Bank, but Federal Reserve Banks have governors not presidents, so "President" was blotted out and unceremoniously replaced by the word "Governor."


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Rarely Offered $100 1914 Federal Reserve Note Pmg 55 Fr. 1110 Looks GemHgr 1928 $500 Kansas City ((rare District)) Very High GradeHigh Grade 1934 $1000 Dollar Bill Chicago Frn Note 100 500 Gold Fr2211g 2103c1934 A $1000 Dollar Bill Gem Unc Ppq Frn Note 100 500 Gold Fr2212 63 64 65 2102cAu 1934a $500 Dollar Bill Frn C Philadelphia Note 50 100 1000 Gold Fr2202 2111mo1928 Philadelphia C District $500 Federal Reserve Note, 3 Digit Serial Number!!Hgr 1976 $2 ((complete 12 District Set)) Pmg 64epq-67epq$1 1918 Frbn San Francisco Fr#743 Pmg 45 Epq Nr1934 $1000 Dollar Bill Washington, Dc Note Suliau & Morgenthau$1000 1934 Chicago Lgs Light Green Pmg 45Unc Gem Margin St Louis 1928 500 Dollar Bill Frn Note 100 1000 Gold Fr2200 2130cAu - Unc 1934 $500 Dollar Bill Frn Boston Note 50 100 1000 Gold Fr2202a 2120an$500 1934a St Louis Frn VfStunning Grade Rarity $10 1934 B Pmg Gem 65 Epq Silver Certificate Fr. 1703Error 1928 $5 Note, Five Dollar Bill W Partial Sheet Number On Back, Pmg 62 Epq Xf+ 1934 500 Dollar Bill Frn New York Note 100 1000 Gold 1928 Fr2201 2132cHgr 1918 $1 Green Eagle ((new York)) Near UncirculatedRare $5 Series 1918 Fr. 804 Federal Reserve Banknote Kansas City District$1 1918 Frbn Kansas City Fr#739 Pmg 64 Epq Nr1862 Two Dollar NoteJc&c - Fr.851a 1914 $5 Frn New York - Ef 45 Ppq By Pcgs CurrencyHgr 1922 $10 ((gold Certificate-epq)) Pmg Vf-35Hgr 1928 $5 Dallas ((numerical#11)) Pmg Gem Unc 65epqHgr 1923 $1 Silver Cert ((2of2 Consecutive)) Pmg Choice Unc 64epqHgr 1914 $5 Kansas City ((burke/mcadoo)) Very High GradeHgr 1928b $5 St Louis ((gorgeous Lime)) Choice UncirculatedRare Mismatched Prefix $2 1976 Frn Pmg 64 Epq Error 1 Of 2 Consecutive OfferedHgr 1928 $10 San Francisco ((numerical#12)) Pmg Choice Unc 64epqHgr 1914 $10 Frn ((philadelphia)) Super GradeFr. 756, Series 1918 "battleship" $2, Pmg Vf20, Federal Reserve Bank Note1914 $10 Large Size Federal Reserve Currency Red Seal NoteStunning 1914 $10 Federal Reserve Superb Gem Uncirculated*numeral Seal* 1928 $10 Pmg 66epq Dallas Ten Dollar Federal Reserve Note!1918 $1~large Size~national Currency Note -chicago~near Uncirculated~Hgr 1918 $1 Green Eagle ((philadelphia)) High GradeHgr 1914 $20 Frn ((stunning Artwork)) Awesome GradeError 1969 A $5 Note, Five Dollar Bill W Misaligned Third Printing Error 2009 $1 Note, One Dollar Bill With Full & Complete Offset PrintingError 1974 $10 Note, Ten Dollar Bill W Misaligned Digit, Pmg 66 Gem UncXf Au Fr.2201d 1934 $500 Dollar Bill Frn Cleveland Note 100 1000 Gold 1928 2131cHgr 1934a $20 New York ((finest Known)) Pmg Superb Gem Unc 67epqHgr 1928 $20 San Francisco ((numerical#12)) Pmg Choice Unc 64epqRare Mismatched Prefix $2 1976 Frn Pmg 64 Epq Error 1 Of 2 Consecutive OfferedAuthentic Collectible Sheet Of 32 Uncut $2 Bills From Us Mint1902 Five Dollar National Bank NoteHgr 1928 $50 Frn ((numerical #7)) Awesome Grade1899 $2 Large Size Silver Certificate United States Two Dollar Nice Note! Fr.256Hgr 1928 $20 New York ((numerical#2)) High Grade$800 In Face Value: Three $100 Series 1966 $100 Red Seals And A 1934 $500 Bill1918 $1 Large Note Pmg 50 Fr#734 Minneapolis "flying Eagle " BackHgr 1923 $1 Silver Cert ((1of2 Consecutive)) Pmg Choice Unc 64epqGold Certificate 1928 $20 Pcgs Vf20 Nice Scarce Twenty Dollar United States Note*high Grade Gem* 1976 $2 Philadelphia Frn, Pcgs 67 Ppq, Fr 1935-c* C00719163*1995 Millennium Note $2 Star Federal Reserve Note Limited Edition 9,999$10 Error Federal Reserve Note Missing Blank Back Pmg Gem 66 Epq 1988 A BsotonFr.911a 1914a $10 Frn New York - Vf 25 By Pcgs- Currency$10 1928b High Serial Number 2 Consecutive Light Green Seals High Grade1914 $10 Large Size Federal Reserve Note Old Us Currency .99 Start Jackson1907 Ten Dollar Gold CertificateError 2004 $20 Note, Twenty Dollar Bill W Misaligned Third Printing