Federal Reserve bank notes were United States currency banknotes issued by individual Federal Reserve Banks. They were based upon the earlier National Bank Notes. They differed from Federal Reserve Notes in that they could only be redeemed at the Federal Reserve bank that issued them. Federal Reserve notes could be redeemed at any Federal Reserve bank.

As large size notes they were first issued in 1914 with a design that shared elements with the both the National Bank Notes, and the Federal Reserve Notes of the time, but as small size notes they were issued only as an emergency issue in 1933 using the same paper stock used for National Bank Notes. This emergency issue was prompted by the public hoarding of cash because of the many bank failures happening at the time. This also limited the ability of the National Banks to issue notes of their own. They were phased out within 2 years, but served their purpose dutifully. As small size notes, they have brown seals and serial numbers, the same as National Bank Notes of the era.

Federal Reserve Bank Notes

Large Size 1918 Code: 1501 Price: $1,295.00 Country: US Denomination: $1.00 Grade: PCGS 66 Grader: $1 FR 710 Quantity in Basket: none

Large Size 1918 Code: 1502 Price: $895.00 Country: US Denomination: $1.00 Grade: PCGS 65 Grader: $1 FR 712 Quantity in Basket: none

Large Size 1918 Code: 1503 Price: $999.00 Country: US Denomination: $1.00 Grade: PCGS 65PPQ Grader: Fr. 712 $1 1918 Federal Reserve Bank Note . Proof of the PPQ designation is in the bold embossing of this lovely New York ace. Quantity in Basket: none

Large Size 1918 Code: 1505 Price: $1,099.00 Country: US Denomination: $1.00 Grade: CGA-67 Grader: $1 FR 715 Pop = 1 none higher! Only 94 Reported Quantity in Basket: none

Large Size 1918 Code: 1550 Price: $1,299.00 Country: US Denomination: $1.00 Grade: PCGS-66 PPQ Grader: $1 FR 738 Kansas City Quantity in Basket: none

Large Size 1918 Code: 1551 Price: $995.00 Country: US Denomination: $1.00 Grade: CGA-66 Grader: $1 FR 738 Kansas City Quantity in Basket: none

Large Size 1918 Code: 1555 Price: $1,895.00 Country: US Denomination: $1.00 Grade: CGA-67 Grader: $1 FR 738 Only 145 Reported Quantity in Basket: none

Large Size 1918 Code: 1556 Price: $4,250.00 Country: US Denomination: $2.00 Grade: PMG 65EPQ Grader: $2 FR 749 Battleship Boston Quantity in Basket: none

Large Size 1918 Code: 1557 Price: $3,900.00 Country: US Denomination: $2.00 Grade: PCGS 64 PPQ Grader: $2 FR 753 Battleship Philadelphia, 77 notes reported Quantity in Basket: none

Large Size 1918 Code: 1558 Price: $3,950.00 Country: US Denomination: $2.00 Grade: PCGS 35 Grader: $2 FR 755 Battleship Philadelphia, Lists for $4500 in XF only 15 notes reported! PCGS 35 -Minor rust spot Quantity in Basket: none

Large Size 1918 Code: 1559 Price: $4,995.00 Country: US Denomination: $2.00 Grade: PMG 66 EPQ Grader: $2 FR 757 Battleship Cleveland Quantity in Basket: none

Large Size 1918 Code: 1560 Price: $1,099.00 Country: US Denomination: $2.00 Grade: PCGS 20 Grader: $2 FR 758 Battleship , only 66 reported! Very rare! Quantity in Basket: none

Large Size 1918 Code: 1561 Price: $9,900.00 Country: US Denomination: $2.00 Grade: PCGS 64PPQ Grader: $2 Rare FR-760, Richmond,VA- serial # 20! Only 3 in all grades, 67 reported, Killer note!! Quantity in Basket: none

Large Size 1918 Code: 1563 Price: $3,900.00 Country: US Denomination: $2.00 Grade: F-15 Grader: $2 Rare FR-763 Atlanta, 35 reported, Killer note!!, XF = $8900 Quantity in Basket: none

Large Size 1918 Code: 1564 Price: $10,999.00 Country: US Denomination: $5.00 Grade: PCGS 68 PPQ Grader: $5 FR 785 Cleveland Low # 145 Quantity in Basket: none

Richard Hokanson Rare Coin Investments
P.O. Box 940, Southold, NY 11971
(631) 765-6464 | (631) 765-6466 Fax
info@hokanson-coins.com

Prices subject to market.