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50 Dollars Large-Size Federal Reserve Note
| Issuer | Federal Reserve Bank of the United States |
|---|---|
| Year | 1914 |
| Type | Log in to see details |
| Value | 50 Dollars (50 USD) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | FEDERAL RESERVE NOTE THE UNITED STATES OF AMERICA SERIES OF 1914 AUTHORIZED BY FEDERAL RESERVE ACT OF DECEMBER 23, 1913 Washington, D.C. GRANT WILL PAY TO THE BEARER ON DEMAND FIFTY DOLLARS FEDERAL RESERVE NOTE |
| 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.