Large Size Federal Reserve Notes $500 Fr-1132 to Fr-1132b

During the Civil War, both the North as well as the South developed their own currency. Ripped apart by war and teetering on bankruptcy, Congress ordered the printing of a number of notes. These Large Size Notes were commonly called horse blankets because of their dimensions. Issued from 1861 to 1928, their original size was approximately 7.42 inches by 3.13 inches. Cost cutting measures have reduced todays note to the more familiar 6.14 inches by 2.61 inches. Demand Notes or Greenbacks minted only in 1861 represent Americas first type of Federal Bank money.

All notes that was printed and issued to the public is still legal tender today and can be redeemed to any bank for face value. They exception is the 1900 $10,000 gold certificate that was tossed out of a window during a fire in 1936. They were punched cancelled and therefor have no face value for redemption except for collectors.

Large Size-Federal Reserve Notes

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.


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     $5 FR-832A to FR-891C - (11)
     $10 FR-892A to FR-951C - (9)
     $20 FR-952A to FR-1011C - (5)
     $50 FR-1012A to FR-1071 - (3)
     $100 FR-1072A to FR-1131 - (5)
     $500 FR-1132 to FR-1132B - (2)
     $1000 FR-1133 to FR-1133B - (0)
     $5000 Fr-1134 - (0)
     $10000 Fr-1135 - (0)

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2 Notes Found (Exclude Star Notes)

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Fr.-1132 1918 $500 FRN Kansas City (7 avail) Ser. # J4541A PMG VF-30
Talk about rare notes. This 1918 $500 Kansas City FRN has only 14 examples known to exist and there a total of only 7 available for collectors. THIS IS THE THIRD FINEST KNOWN according to population reports. This note is sometimes referred to as t...
Added: 3/30/2010 Views: 4172 Price: SOLD


Fr.-1132G 1918 $500 Chicago (2nd Finest) #G 26365A PMG VF-30
This is a very nice and "Totally Original" 1918 $500 Federal Reserve Note from the from the Windy City of Chicago. This note is also sometimes refered to as the Marshall Note. This note is the second finest graded by PMG. It features great body firmness a...
Added: 1/1/2010 Views: 4134 Price: SOLD

2 Notes Found

Page: 1

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