Large Size Federal Reserve Notes (FRNs) were issued under the Federal Reserve Act, Dec. 23, 1913. All denominations from $1 to $10,000 were issued to all 12 Federal Reserve Banks.
The first series was the issue of 1914 and was issued with Red Seal and Blue Seals. They were issued in denominations of $5, $10, $20, $50 and $100. The Red Seals are a lot more valuable than the Blue seals.
The second issue was the series of 1918. It featured a Blue Seal and was in denominations of $500, $1,000, $5,000 and $10,000.
$500 bears a portrait of John Marshall
$1,000 bears portrait of Alexander Hamilton
$5,000 bears a portrait of our 4th President James Madison. (8 are known)
$10,000 bears a portrait of Salmon Portland Chase. (4 are known)
The main difference of the Federal Reserve Notes was that the obligation to pay the bearer was borne by the United States Treasurer, not the individual banks. Whereas the Federal Reserve Bank Notes was obligated to pay the bearer on its notes, not the US Government.
The
Bureau of Engraving and Printing's (BEP)
takes you to the official government site of the BEP
for some interesting information and facts on all of
our US currency.
US Papermoney will take you to a site that
is full of information on everything you ever wanted
to know about our US currency. Almost everything
anyway. Very cool site!
The American Numismatics Association (ANA) is a
professional organization for those who want to
further learn about US coins and currency.
PMG and
PCGS are the only two TRUE independent
currency-grading services available. I highly
recommend these two companies for those of you who
want to get their currency certified and graded for
insurance purposes or simply, a peace of mind.
Kansas City here I come...upside down! This is one of my favorite large size error notes. It is a 1918 $5 FRN from the Kansas City district. It featur...
This rare FR-875* is the Finest of the 5 known. It is a 1914 $5 FRN from the tough didtrict of St Louis. The serial number is H411034*. Murrys new lar...
Here is a real nice and rare 1914 $5 FRN star from the ever tough Minneapolis district. According to the Murray large size star book, there are only 9...
This is a very clean example of the 1914 $ FRN from the New York district. This notes has no rips, tears, pinholes, folds or marks. It is a true UNC n...
1914 Red Seal Federal Reserve Notes are one of the most undervalued notes in all large size notes. They were issued under the Federal Reserve Act of D...
POP1/ None finer! This is the ONLY TWO KNOWN according to Murrays 2007 Star Book. He also list if for $5,000 in VF condition. The serial number is D24...
Here is a nice FR-914*, 1914 $10 Philly Large size Star that has been graded as a PMG VF-20. There are only 10 known to exist according to Doug Murry'...