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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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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.