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50 Dollars Large-Size Federal Reserve Note
| Issuer | Federal Reserve Bank of the United States |
|---|---|
| Year | 1914 |
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| Value | Log in to see details |
| Currency | Dollar (1785-date) |
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| Obverse description | Central vignette of Ulysses S. Grant in an engraved oval portrait. A blue Treasury Seal is positioned at right, while the Federal Reserve district seal, bearing the respective letter and district number, appears at left. Two blue serial numbers are printed at upper right and lower left, against an intricate guilloche underprint. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | FIFTY DOLLARS FEDERAL RESERVE NOTE FIFTY DOLLARS THIS NOTE IS RECEIVABLE BY ALL NATIONAL AND MEMBER BANKS AND FEDERAL RESERVE BANKS AND FOR ALL TAXES, CUSTOMS AND OTHER PUBLIC DUES. IT IS REDEEMABLE IN GOLD ON DEMAND AT THE TREASURY DEPARTMENT OF THE UNITED STATES IN THE CITY OF WASHINGTON, DISTRICT OF COLUMBIA OR IN GOLD OR LAWFUL MONEY AT ANY FEDERAL RESERVE BANK. |
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| Comments |
The 1914 Federal Reserve Notes were the first paper currency issued under the Federal Reserve Act of 1913, which fundamentally restructured American banking after the Panic of 1907 exposed the catastrophic fragility of the National Banking System. The fifty-dollar denomination was among the highest-value notes placed into general circulation, and early examples bear the signatures of either Burke/McAdoo or Burke/Glass — reflecting a mid-series change in Treasury personnel that collectors use to distinguish earlier from later printings.
Each note is overprinted with one of twelve district bank identifiers, which drives the Pick reference spread across Fr#1024–1054. The Boston district issues are considerably scarcer than New York or Chicago examples, a disparity traceable directly to regional commerce volumes at the time of issue.