Lot 3213
Fr-713. 1918, $1 Federal Reserve Bank Note. PCGS Gem New 66PPQ. . Fr-713. . KL-66. New York district. 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 the series of 1918.
Estimated Value $500 - 600.
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| Realized $661 |
