1918 $1 One Dollar U.S. National Currency Large Bank Note - The Federal Reserve Bank of Cleveland, Ohio (PCGS 20)

Graded PCGS (20) Very Fine. Please see the images for details on the condition of the bill.

Federal Reserve Bank Notes, issued 1915-34, are banknotes that are legal tender in the United States. They had the same value as other kinds of notes of similar face value. Federal Reserve Bank Notes differ from Federal Reserve Notes in that they are backed by one of the twelve Federal Reserve Banks, rather than by all collectively. They were backed in a similar way to National Bank Notes, using U.S. bonds, but issued by Federal Reserve banks instead of by chartered National banks. Federal Reserve Bank Notes are no longer issued; the only U.S. banknotes still in production since 1971 are the Federal Reserve Notes.

Due to the uniqueness of each item, please refer to the photos provided in this auction. We offer high resolution images of each item rather than a written description of condition.

This item is being shipped from the Pristine Auction warehouse.