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500 Dollars Large-Size Federal Reserve Note

Uitgever Federal Reserve Bank of the United States
Jaar 1918
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Samenstelling Cotton paper
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Opschrift voorzijde FEDERAL RESERVE NOTE THE UNITED STATES OF AMERICA WILL PAY TO THE BEARER ON DEMAND SERIES OF 1918 AUTHORIZED BY FEDERAL RESERVE ACT OF DECEMBER 23, 1913 AS AMENDED BY ACT OF SEPTEMBER 26, 1918 WASHINGTON, D.C. MARSHALL FIVE HUNDRED DOLLARS
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde FEDERAL RESERVE NOTE 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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Opmerkingen

The 1918 $500 Federal Reserve Note belongs to the large-size series authorized under the Federal Reserve Act of 1913 and printed while the United States was still financing its involvement in the First World War. Notes of this denomination circulated almost exclusively between banks and large commercial institutions — a private individual handling one in daily commerce would have been extraordinary. The series was discontinued after the Treasury's 1928 shift to small-size currency, and unredeemed examples were systematically pulled from Federal Reserve vaults through the 1960s and 70s.

High-denomination Federal Reserve Notes of this vintage were never officially demonetized, remaining technically legal tender, but the Federal Reserve and Treasury have long declined to reissue them when returned.

MISSCHIEN OOK INTERESSANT