The Federal Reserve Bank Note series was one of the shortest-lived forms of American paper money in national history. Notable series that were available for shorter periods of time include the Demand Note of 18661 and the US Treasury Note of the late 1890s. Federal Reserve Bank Notes were issued in large-size formats initially, with the last releases from 1929 to 1934 in a small-sized format. Now, 1918 $2 Federal Reserve Bank Notes in Very Fine condition are available to you online at Silver.com.
- Notes ship to you inside individual plastic sleeves!
- First and only release of the $2 denomination of Federal Reserve Bank Notes!
- Released as an emergency issue!
- Very Fine notes!
- Issued a face value of $2 by the United States.
- President Thomas Jefferson on the obverse.
- A New York class dreadnaught battleship on the reverse.
- Please keep in mind the Federal Reserve Bank names and exact conditions could match or vary if you buy more than one.
With the passage of the Federal Reserve Act of 1913, the United States established a central banking authority known simply as the Federal Reserve. Among the duties of the Federal Reserve is to provide centralized control over the nation’s monetary system. The passage of that act also authorized the issuance of two new forms of paper currency in the United States.
The Federal Reserve Note was first printed in 1914 and is the same series of money still printed in the United States today. The other was the Federal Reserve Bank Note. The former is backed collectively by all 12 branch banks in the Federal Reserve System, while the latter is backed individually by the branch banks that released the notes into circulation. This fact is noted on the obverse of the notes.
President Thomas Jefferson is featured on the obverse side of the 1918 $2 Federal Reserve Bank Note. His effigy is accompanied by the printed name of the bank that issued the notes. Please note that the specimen you receive in this listing could come with varied or matching names on this side representing Federal Reserve Bank branches such as the Federal Reserve Bank of Chicago or the Federal Reserve Bank of Minneapolis.
A New York Class battleship is featured in the reverse design of 1918 $2 Federal Reserve Bank Notes. The New York Class consisted of dreadnaught-style battleships commissioned in 1911 and used actively during World War I and even into World War II.
These 1918 $2 Federal Reserve Bank Notes are available to you in plastic currency sleeves. The notes offered in this listing are in Very Fine condition. You will notice common signs of circulation such as rounded edges, soiling, and fold lines. The degree to which these elements are noticeable can vary from one note to the next. All of the notes are free of major flaws. Please keep in mind the exact condition of the notes you receive could match or vary slightly if you buy more than one.
Silver.com customer service can assist you at 888-989-7223. We are also available online using our live chat and email address features.