1918 $1 Federal Reserve Currency Note Richmond PMG AU 55

1918 $1 Federal Reserve Currency Note Richmond PMG AU 55

Bullion Exchanges is pleased to carry this scarce 1918 $1 Federal Reserve Currency Note Richmond PMG AU 55. US paper currency notes are primary sources of America’s economic history. This 1918 Federal Reserve Currency Note is the first and only $1 large-sized note, also known as the “horse blanket”! On top of that, this particular $1 large-size note was only released in 1918 and was never reissued. Since many large-size Federal Reserve Bank Notes were reclaimed and destroyed, not many are available for sale today. This 1918 Currency Note arrives graded by PMG as AU 55. For a truly special piece, consider diversifying with this 1918 $1 Federal Reserve Currency Note Richmond PMG AU 55!

The Federal Reserve began in 1913 under Congress’ authorization. This creation was meant to help monitor and bolster the US economy against financial crises. The Federal Reserve Bank Notes were issued between 1915-1934, and they served as legal tender in the US. Their early products included US notes, silver certificates, gold certificates, National Bank Notes, and Federal Reserve Notes. Federal Reserve Bank Notes, however, are divergent from other notes because they were backed only by one of the 12 Federal Reserve Banks instead of all banks indiscriminately. Federal Reserve banknotes are no longer issued. Today’s equivalent is the Federal Reserve Notes, in production since 1971. This 1918 $1 Federal Reserve Currency Note is associated with Richmond, VA. 

The obverse design of this currency note displays the portrait of George Washington on the left side. This note also features a blue treasury stamp and indicates it is redeemable at the Federal Reserve Bank of Richmond, VA. 

The reverse design was printed in stunning green. A proud eagle is in flight on the reverse, and it carries an American flag in its talons. This image signifies America’s defensive position in World War I. 

Product Features:

• First and only large $1 US Federal Reserve Note
• Graded by PMG as AU 55
• Produced by the US Federal Reserve
• Face value of $1 USD backed by the US Government
• Obverse: Features the prominent portrait of George Washington on the left and has a classic floral border. A blue US Treasury seal is printed on the right. Text: “1”, “ONE”, “NATIONAL CURRENCY”, “SECURED BY THE UNITED STATES CERTIFICATES OF INDEBTEDNESS OR UNITED STATES ONE-YEAR GOLD NOTES, REPOSITEDED WITH THE TREASURER OF THE UNITED STATES OF AMERICA”, “Series of 1918”, “THE FEDERAL RESERVE BANK OF RICHMOND VIRGINIA”, “WILL PAY TO THE BEARER ON DEMAND”, “ONE DOLLAR”, “MAY 18, 1914”, note position letter and number, serial number, two official US treasurers’ signatures, the signature of the Cashier and Governor, “WASHINGTON”, and blue treasury seal.
• Reverse: Bears an illustration of a bald eagle in flight, carrying a wrapped up US Flag. Text: “ONE DOLLAR”, “NATIONAL CURRENCY”, “FEDERAL RESERVE BANK NOTE”, “1”, and information about the legal status of the note. 

This 1918 $1 Federal Reserve Currency Note Richmond PMG AU 55 is an excellent piece to diversify with for its rarity and historic value. Don’t miss out on the other impressive banknotes we have in stock including the 1934 $100 Federal Reserve Note Richmond Julian Morgenthau and 1864 $500 Confederate States of America Currency Note before completing your purchase. When you order with Bullion Exchanges, you can rest assured that we will carefully package and ship your purchases to you. Please do not hesitate to contact us if you have any questions about our products and services!

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