Goldberg Coins and Collectibles

Sale 44

Pre-Long Beach Coin and Currency Auction

Federal Reserve Bank Notes - Large

Lot	Photo	Description	Realized
Lot 3502		1918, $1 Federal Reserve Bank Note. Boston. . Fr-708. . KL-61. PCGS Gem New 66 PPQ. Low serial number and a popular design featuring a large eagle for the back. Excellent centering plus bright color and embossing give it the necessary advantage that is so admired by collectors. National Currency, or Federal Reserve Bank Notes as they are also called, were a subset of the contemporary Federal Reserve Notes in that the obligation to pay the bearer on demand is made by the specific Federal Reserve Bank indicated on the front of the note and not by the United States or the Federal Reserve System in general. Although technically neither a gold nor a silver certificate (they are IOU-nothings and purely fiat), at the time (and until 1933), these could be redeemed in specie at banks or at the local Reserve bank of issue by the bearer. Estimated Value $1,000 - 1,100. View details and enlarged photos	Realized $1,610
Lot 3503		1918, $1 Federal Reserve Bank Note. Philadelphia, PA. . Fr-715. . KL-68. Choice Crisp Uncirculated 63. A popular type featuring the large eagle. There were two issues of large-size Federal Reserve Bank notes-1915 ($5, $10 and $20) and 1918 ($1-$50)-authorized by Federal Reserve Acts of December 23, 1913 and April 23, 1918. Not all banks within the Federal Reserve system issued notes of the first series, but all banks issued notes bearing the series date of 1918. The obligation to pay is made by the individual bank, not by the United States government. Approximately $760 million in notes was issued; only $2 million remain outstanding. Estimated Value $300 - 330. View details and enlarged photos	Realized $322
Lot 3504		1918, $1 Federal Reserve Bank Note. Chicago, IL. . Fr-729. . KL-82. CGA graded Choice Uncirculated 63. Well centered with full margins on both sides. The large wingspread eagle clasps the flag in its talons. Estimated Value $700 - 800. View details and enlarged photos	Unsold
Lot 3505		1918, $2 Federal Reserve Bank Note. New York. . Fr-750. . KL-149. PMG Choice Very Fine 35. A pleasing Battleship deuce that looks like a full EF example. "Battleship" notes feature an engraving of the World War I battleship BB-34 USS New York. Ordered south soon after commissioning, the New York was flagship for Rear Admiral Frank Fletcher, commanding the fleet occupying and blockading Vera Cruz, Mexico, until resolution of the crisis with Mexico in July 1914. New York then headed north for fleet operations along the Atlantic coast as war broke out in Europe. Estimated Value $600 - 650. View details and enlarged photos	Realized $1,150
Lot 3506		1918, $2 Federal Reserve Bank Note. New York, NY. . Fr-751. . KL-150. PMG graded Gem Uncirculated Exceptional Paper Quality. The head of Thomas Jefferson, the third President of the United States, 1801-09 occurs on most $2 large size denominations after the initial 1862-63 Legal Tenders. Collectors of the Federal Reserve Bank Notes (also known as National Currency) endeavor to acquire one from each of the 12 districts, letters A to L, while the most advanced paper money buyers will often expand this into a complete collection by signature combination as well. Estimated Value $3,500 - 4,000. View details and enlarged photos	Realized $4,370
Lot 3507		1918, $2 Federal Reserve Bank Note. Atlanta. . Fr-762. . KL-161. CGA graded Gem Uncirculated 66. Very Rare. With possibly no more than forty known for this Atlanta Battleship, a desirable addition to any specialized collection. This one sports beauty to go with its rarity, fresh crisp paper originality, balanced margins, and admirable color. Estimated Value $4,000 - 5,000. View details and enlarged photos	Unsold
Lot 3508		1918, $2 Federal Reserve Bank Note. Minneapolis, MN. . Fr-772. . KL-171. PMG graded Choice Uncirculated 64. A desirable Battlehsip note from this slightly better district. There are 12 districts in the Federal Reserve system as it was established in 1913. Minneapolis carries the "I" district letter, which also precedes the serial numbers on all notes issued for this district. Estimated Value $2,500 - 3,000. View details and enlarged photos	Realized $2,990
Lot 3509		1918, $5 Federal Reserve Bank Note. Cleveland, OH. . Fr-785. . KL-333. RCGS graded Gem Crisp Uncirculated 67 PQ. Low Serial #D71A. Besides the benefit of its low number, this happens to be a gorgeous fresh gem with bright colors, nice crinkly-fresh paper, and striking visual impact. Estimated Value $2,500 - 3,000. View details and enlarged photos	Realized $2,990