Skip to main content
Go to accessibility notice

    Description

    Fr. 709 $1 1918 Federal Reserve Bank Note PMG About Uncirculated 55.
    The Federal Reserve Bank Notes (abbreviated FRBN) and the Federal Reserve Notes (FRN) were authorized under the same 1913 enactments. The FRBNs were intended as temporary currency to supersede National Bank Notes during the transition to nationwide usage of FRNs, but there was little demand for the first 1915 series. However, notes from the 1918 series filled in for the Silver Certificates during World War I (the backing silver had been sold to Great Britain). Since the vast majority of Silver Certificates printed (such as the "Black Eagles" and other 1899 series notes) were $1, $2, and $5 denominations, so were the FRBNs. The $1 and $2 Series of 1918 notes were issued for each of the 12 Federal Reserve Bank districts. All notes have four signatures: a pair of U.S. Federal signatures and a pair of local Federal Reserve Bank officials, generally creating signature combinations within the banks. As a rule, Federal Reserve Bank Notes are much scarcer than Federal Reserve Notes. The common $1 faces feature G.F.C. Smillie's Washington portrait at the left along with blue overprints. The green backs show the Eagle with Flag vignette engraved by Robert Ponickau. Scarcer than the Fr. 708 $1 Boston notes, and the census indicates relatively few strictly Uncirculated notes. A lightly handled example with Willett and Morss signatures. Acquired decades ago like so many notes in the collection.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 18
    Lot Tracking Activity: N/A
    Page Views: 125

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold on Jun 25, 2021 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 16 days left to consign to the 2021 September 29 - October 4 Currency Signature Auction - Long Beach!

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search