The large-size Federal Reserve Bank Notes (FRBNs) , also known as National Currency, was issued in two series and in denominations of $1 to $50. They are often confused with National Bank notes because they have the inscription "National Currency" across the top. They feature blue seals and blue serial numbers.
The first issue, Series issue 1915 was authorized by Federal Reserve Act of December 23rd, 1913 and consisted of only of $5, $10 and $20 notes. They were issued by the Federal Reserve Banks of Atlanta, Chicago, Kansas City, Dallas and San Francisco. They are titled as National Currency and are similar to National Bank Notes. The obligation to pay the bearer falls to the specific Federal Reserve Bank, not the United States Treasury Department. The San Francisco Federal Reserve Bank issued only $5 notes. The obligation to pay the bearer is similar to that on the first charter national bank notes, differing only slightly in wording but not in meaning.
The second issue, Series 1918, consisted of $1, $2, $5, $10, $20 and $50 notes issued to all 12 Federal Reserve Banks (though all banks did not necessarily issue all denominations). St Louis was the only district that issued the $50 denomination and is considered a rarity in high grade. The $20 denomination was issued by Atlanta and St Louis only and is also considered a rarity. Although Federal Reserve Bank notes are a rather recent issue, all are quite scarce in high grade.
Treasury Department records show that only slightly more than $2 million is outstanding from a total issue of nearly $762 million.
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.
These 1918 FRBN stars have always been one of my favorite stars. This one here is a 1918 Cleveland Star. There are only 15 known to exist. According t...
This Fr-734* is very rare even in this grade. There are only 5 known and all are in low grade. Murrys list this note in VG at $1500. Minneapolis notes...
How about a high grade 1918 $1 FRBN star from the Chicago district. This note is from the famous Rickey Collection of years past. according to Doug Mu...
This is a low grade but rare Fr.-720* or a 1918 $1 FRN star note from the Cleveland district. There are only 14 known in all grades and this one, beli...
Here is a very nice 1918 $1 FRBN star from the Kansas City district. There are only five (5) known. This is one of the best ones known. The serial num...
This is a rare Fr.-743* or a 1918 $1 FRBN Star from the San Francisco district. 1918 $1 and $2 FRBN Stars are always tough and very popular among coll...
PMG POP 2/ 1 Finer! This is one of the Key 1918 $1 FRN Star for this series. Dallas is always one of the toughest districts of any large size star. It...
This is the famous 1918 $2 "Battleship" from the tough Boston District. These notes are one of the most collected by all collectors. Boston is also th...
PCGS POP 1/ NONE FINER. This 1918 $2 Battleship is the finest New York Battleship that PCGS has had the pleasure to handle. First glance at the note r...
Here is a very nice 1918 $2 Federal Reserve Bank Note in a PMG-Choice Uncirculated 64 holder. The serial number is B9341247A. This note is commonly re...
This is a beautifyl well centered 1918 $2 Battleahip housed in a GEM PCGS 65PPQ holder. A three-digit serial number, D431A, is seen on this perfectly ...
This is a very fine example of the famous 1918 $2 Federal Reserve Bank Note commonly referred to as the Battleship because of its back design. This EP...
This is 1918 $2 bill from the Philadelphia district. It is also commonly referred to as the Battleship Note because of the WW1 battleship that is feat...
Who need a Battleship? Ive got one good one waiting just for you. This is a 1918 $2 Battleship is from the Chicago district. The reverse shows the fam...
This is a very nice 1918 $2 Boston Battleship in a PCGS-35EPQ holder. the reason I purchase this not is because it is difficult to find a nice clean m...
I bought this 1918 $2 St Louis Battleship note at a local coin show and have not had a chance to get it graded by PMG. It is a solid VF-30/35 with no ...