TT FR 0715 1918 FEDERAL RESERVE BANK NOTE PHILADELPHIA, PA BLUE SEAL PCGS 65 PPQ

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$950.00

 

 

 


TT FR 000715 1918 FEDERAL RESERVE BANK NOTE PHILADELPHIA, PA BLUE SEAL PCGS 65 PPQ

 

 

 

 


1918 $1 Federal Reserve Bank Note displaying serial number C4927831A with signatures of Elliott and Burke. Friedberg number 715 and plate G33/183, coming from the district of Philadelphia, Pennsylvania. Superb embossing makes this original note a beautiful example of this popular type. The note is crisp and clean with perfect margins and bold color. 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. These notes were issued in 1933 during the Great Depression. Their creation came about as a result of the public hoarding cash because of the many bank failures happening at the time. They were phased out within 2 years, but served their purpose dutifully. Enjoy! 3617syypblc.

 


 

 

 

 

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