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Greysheet & CPG® PRICE GUIDE

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Greysheet Catalog Details

The first Federal Reserve notes, or U.S. banknotes, were issued under the Federal Reserve Act of December 23, 1913. Federal Reserve notes are still made today, albeit in a reduced physical size as compared to these large-size pieces. The large-size Federal Reserve notes, also known as "horse blankets" or "saddle blankets" were issued in denominations ranging from $5 to $10,000. The first wave of these Federal Reserve notes was released as Series 1914 and include denominations of $5 through $100. Series 1918 encompassed denominations of $500 through $10,000.

While the Federal Reserve Notes were distributed to the public through the 12 Federal Reserve Banks, the obligation to pay the bearer went back to the system � not the banks that distributed the notes, distinguishing them from the Federal Reserve bank notes. Therefore, payment for the Federal Reserve notes is the obligation of the United States.

Federal Reserve Notes are much more common than their Federal Reserve bank note counterparts, though there is a bevy of scarce issues. Many Federal Reserve notes in Crisp Uncirculated condition are challenging to come by, and most in Gem are downright scarce.

Catalog Detail

  Federal Reserve Notes - Large Value Range Favorite
Federal Reserve Notes - Large Value Range  
1918 Blue Seal $500 Boston (Fr. 1132-A)
$24,000
-
$54,000
$24,000 - $54,000
1918 Blue Seal $500 New York (Fr. 1132-B)
$6,250
-
$60,000
$6,250 - $60,000
1918 Blue Seal $500 Philadelphia (Fr. 1132-C)
$12,000
-
$36,000
$12,000 - $36,000
1918 Blue Seal $500 Cleveland (Fr. 1132-D)
$13,200
-
$44,400
$13,200 - $44,400
1918 Blue Seal $500 Atlanta (Fr. 1132-F)
$14,400
-
$132,000
$14,400 - $132,000
1918 Blue Seal $500 Chicago (Fr. 1132-G)
$13,200
-
$62,400
$13,200 - $62,400
1918 Blue Seal $500 St. Louis (Fr. 1132-H) 8 Known
$14,400
-
$36,000
$14,400 - $36,000
1918 Blue Seal $500 Minneapolis (Fr. 1132-I)
$150,000
-
$150,000
$150,000 - $150,000

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1918 Blue Seal $500 Kansas City (Fr. 1132-J)
$10,000
-
$60,000
$10,000 - $60,000
1918 Blue Seal $500 Dallas (Fr. 1132-K)
$54,000
-
$54,000
$54,000 - $54,000
1918 Blue Seal $500 San Francisco (Fr. 1132-L)
$14,400
-
$192,000
$14,400 - $192,000
1918 Blue Seal $1,000 Boston (Fr. 1133-A)
$18,000
-
$60,000
$18,000 - $60,000
1918 Blue Seal $1,000 New York (Fr. 1133-B)
$10,600
-
$36,000
$10,600 - $36,000
1918 Blue Seal $1,000 Philadelphia (Fr. 1133-C)
$16,800
-
$144,000
$16,800 - $144,000
1918 Blue Seal $1,000 Cleveland (Fr. 1133-D)
$30,000
-
$240,000
$30,000 - $240,000
1918 Blue Seal $1,000 Atlanta (Fr. 1133-F)
$11,300
-
$42,000
$11,300 - $42,000
1918 Blue Seal $1,000 Chicago (Fr. 1133-G)
$11,300
-
$36,000
$11,300 - $36,000
1918 Blue Seal $1,000 St. Louis (Fr. 1133-H)
$12,000
-
$33,600
$12,000 - $33,600
1918 Blue Seal $1,000 Minneapolis (Fr. 1133-I)
$48,000
-
$48,000
$48,000 - $48,000
1918 Blue Seal $1,000 Kansas City (Fr. 1133-J)
$36,000
-
$60,000
$36,000 - $60,000
1918 Blue Seal $1,000 Dallas (Fr. 1133-K)
$36,000
-
$96,000
$36,000 - $96,000
1918 Blue Seal $1,000 San Francisco (Fr. 1133-L)
$11,300
-
$78,000
$11,300 - $78,000
1918 Blue Seal $1,000 New York (Fr. 1133a-B)
$16,800
-
$45,600
$16,800 - $45,600

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CDN Sponsors

1918 Blue Seal $1,000 Atlanta (Fr. 1133b-F)
$36,000
-
$66,000
$36,000 - $66,000
1918 Blue Seal $1,000 San Francisco (Fr. 1133b-L)
$42,000
-
$72,000
$42,000 - $72,000
       

Greysheet Catalog Details

The first Federal Reserve notes, or U.S. banknotes, were issued under the Federal Reserve Act of December 23, 1913. Federal Reserve notes are still made today, albeit in a reduced physical size as compared to these large-size pieces. The large-size Federal Reserve notes, also known as "horse blankets" or "saddle blankets" were issued in denominations ranging from $5 to $10,000. The first wave of these Federal Reserve notes was released as Series 1914 and include denominations of $5 through $100. Series 1918 encompassed denominations of $500 through $10,000.

While the Federal Reserve Notes were distributed to the public through the 12 Federal Reserve Banks, the obligation to pay the bearer went back to the system � not the banks that distributed the notes, distinguishing them from the Federal Reserve bank notes. Therefore, payment for the Federal Reserve notes is the obligation of the United States.

Federal Reserve Notes are much more common than their Federal Reserve bank note counterparts, though there is a bevy of scarce issues. Many Federal Reserve notes in Crisp Uncirculated condition are challenging to come by, and most in Gem are downright scarce.

Catalog Detail