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Executive Currency - Offering Rare Paper Money for the Connoisseur

 
$50 1914 FRN=CLEVELAND= Fr. 1042=GRANT=FRN=ATTRACTIVE=PMG VERY FINE 20
 
$50 1914 FRN=CLEVELAND= Fr. 1042=GRANT=FRN=ATTRACTIVE=PMG VERY FINE 20
Larger Image
$595.00
$525.00
 
 
Description:

LARGE SIZE FEDERAL RESERVE NOTE

a FORERUNNER to the MONEY in YOUR POCKET

 

A VERY HISTORIC—and EMINENTLY COLLECTIBLE—SERIES of PAPER MONEY:

 

All were issued under the Federal Reserve Act of December 23, 1913 which authorized denominations from $5-10,000. Unlike Federal Reserve Bank Notes, which were issued directly to—and backed by—each of the twelve FR districts, Federal Reserve Notes were backed by the Federal Government, although the means by which they were secured is not stated on the note.

 

ABRAHAM LINCOLN appears on the $5

ANDREW JACKSON appears on the $10

GROVER CLEVELAND appears on the $20

ULYSSES GRANT appears on the $50

BENJAMIN FRANKLIN appears on the $100

 

----------the $500 and $1,000 denominations are quite scarce-------

 

JOHN MARSHALL appears on the $500

ALEXANDER HAMILTON appears on the $1,000

 

----------the $5,000 and $10,000 denominations are prohibitively rare-----

 

JAMES MADISON appears on the $5,000

SALMON CHASE appears on the $10,000

 

 

this sale contains a

CLASSIC DESIGN in UNITED STATES PAPER MONEY the:

 

ULYSSES GRANT

 

FEDERAL RESERVE NOTE, with denomination of

 

$50

 

series of 1914

 

BLUE SERIAL NUMBERS and SEAL

 

issued for the Federal Reserve Bank at

 

RICHMOND

 

 

 

both ATTRACTIVE and AFFORDABLE

 

 

an IMPORTANT  TYPE  NOTE

 

firmly entrenched in the minds of collectors that the mere mention of the name immediately conjures a mental image

 NOTE IS GRADED BY PMG 

AS 

VERY FINE 20

 
         
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