Gold: $2,930.03
$54.50
Silver: $32.00
$0.03
Platinum: $985.95
$11.87
Palladium: $974.11
$16.67
Liberty Coin Service Acquires U.S. Banknote With No Previously Known Survivors
Liberty Coin Service announces the acquisition of a previously unknown piece of U.S. currency, a Replacement 1918 $5 Federal Reserve Bank Note from the Philadelphia district (Fr.-784*).
by Liberty Coin Service |
Published on May 10, 2023
At the recent Central States Numismatic Society convention near Chicago,
Liberty Coin Service acquired a US Series 1918 $5.00 Federal Reserve Bank
Note issued for the Federal Reserve Bank of Philadelphia as a replacement
(or star) note. To date, this is this first discovered surviving specimen of
this previously unknown US paper money issue.
Said Tom Coulson, Liberty Coin Service owner and general manager, “This note
was brought to the show by an East Coast dealer to whom it had been
consigned by the long-time owner. That dealer’s business is almost
exclusively trading US coins on a wholesale basis, with whom Liberty Coin
Service has transacted business for decades. They were not the optimum
dealer to market this rarity. However, Liberty Coin Service has a long
history of handling new discovery notes—including the 1865 $2.00 National
Bank Note issued for the Second National Bank of Lansing, Michigan. When we
saw this note in their showcase—and having retail customers who love collecting scarce US currency—we worked out a deal to
acquire it. The note has a brand new catalog number: Friedberg #784*. It has
been authenticated and graded by Paper Money Guaranty in Fine-12 condition
with stained surfaces. The note’s design features a bust of President
Lincoln to the left of the front, The reverse features engravings of
Columbus Discovery of Land at the left side and Landing of the Pilgrims on
the right side.” Tom continued, “As a category, US Series 1918 $5.00 Federal
Reserve Bank Note replacement notes (called star notes because of the star
at the end of their serial number) are all great rarities. With this
discovery note, there are known survivors for only five of the 12 Federal
Reserve Bank districts. Including this specimen, Paper Money Guaranty has
authenticated and graded only 10 pieces among all five Federal Reserve Bank
districts combined. Whoever ends up owning this note will have a treasure
that no other collector will have.” U.S. Paper Money issues pre-1928 were
20% larger than those printed today, with notes measuring 7-1/2
inches long by 3-1/4 inches high.
Founded in 1971, frequently honored Liberty Coin Service celebrated its 50th
anniversary two years ago. It is Michigan’s largest rare coin and precious
metals dealership. It serves precious metals investors and numismatic
collectors across the country. Liberty Coins, as it is known locally, has
been located in Lansing’s Frandor Shopping Center since 1973.

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