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    Description

    Gem Three-Digit Serial Fr. 785 $5 FRBN

    Fr. 785 $5 1918 Federal Reserve Bank Note PMG Gem Uncirculated 65 EPQ.
    Although the $5 Federal Reserve Bank Notes were initially issued in 1915 for some branches, most are 1918 series notes. Only 11 of the 12 locations issued $5 FRBN notes (Richmond did not). The face features Charles Burt's iconic Lincoln portrait at the left with blue treasury seal and serial numbers. The ornate green back uses two retouched historical vignettes from earlier Federal types. At the left is Columbus' Discovery of Land and at the right is the Landing of the Pilgrims. The bottom obligation differs significantly from the Federal Reserve Notes which share this general back design. This $5 1918 Cleveland district note is a perfect example to represent the type in Gem condition. Uncirculated notes were saved from the time of issue, including three-digit examples, with several surviving to this day in gorgeous condition. This is nearly perfect; only the back centering is slightly askew. Originality and color are superior to most $5 FRBNs we have cataloged. Mike bought this in 1987 and has owned this jewel until now. We sold a similar three-digit note in this grade for $1,920 earlier this year. This important note from The Mike Coltrane Collection certainly merits a similar realization.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    November, 2020
    4th-5th Wednesday-Thursday
    Bids + Registered Phone Bidders: 16
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