Federal Reserve Notes

$50 1914 FEDERAL RESERVE NOTE FR 1046 PMG 67 EPQ

$50 1914 FEDERAL RESERVE NOTE FR 1046 PMG 67 EPQ

US $16,500.00

Sale

GEM Rare $1000 Bill Federal Reserve Notes 1928 1934

GEM Rare $1000 Bill Federal Reserve Notes 1928 1934

US $14,250.00

Sale

Coins and Paper Money -> Paper Money: US -> Large Size Notes -> Federal Reserve Notes

One of the most interesting collectibles in the field of coins and paper money are federal reserve notes. However, there is quite a bit of confusion out there about what these notes really are. If you are serious about getting into collecting federal reserve notes, there are a few things you need to know before you get started.

1. Knowing the Difference

There is a big difference between federal reserve notes and federal reserve bank notes. The first term refers to actual paper money, while the second is a specific type of banknote that is only produced by the Federal Reserve. Each one has a different collectible value, and it’s important to be able to tell the difference when you are collecting them. Some will be worth more than others, but generally, regular federal reserve notes are quite collectible.

2. Understanding the Fiat

The fiat, or agreement with a federal reserve note is that the reserve is not obligated to pay the face value of the note in gold or silver. In other words, this type of currency is not backed by a gold or silver standard. This works in both ways for collectors. For example, a $5 note may be worth much more than that, while a $100 note that is not collectible may only be worth $100.

3. The Two Dollar Bill

Surprisingly enough, one of the most collectible federal reserve notes is the $2 bill. All joking aside, these are a lot of fun to collect and many kids get their start with one of these bills. These actually can be spent just like regular money, but if you do find one of these, it’s best to put aside since the overall value may exceed the face value.

4. Condition Matters

As with most collectibles, the overall condition of a federal reserve note will determine its actual value. Ideally, you should look for notes that have not been circulated, but these may be hard to find. You should be able to come across notes that are referred to as “crisp” however. These are in perfect condition and are considered to be the best collectibles.

5. The Older the Better

Anytime you can find a federal reserve note that is at least fifty years old and still in good condition, there is the potential that it could be very valuable. At the very least, it will be worth more than the face value of the note. For example, a $10 federal reserve note that was printed in 1950 in great condition may be worth three times the face value. As notes age, they will become more valuable in many cases, so it is a good idea to keep looking.

If you do decide to collect federal reserve notes, it is important to do your research and stay on top of current trends. You never know – you may just be sitting on a gold mine, even if the note isn’t backed by the gold standard.

Originally posted 2008-09-18 14:00:00. Republished by Blog Post Promoter

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$50 1914 FEDERAL RESERVE NOTE FR 1046 PMG 67 EPQ

$50 1914 FEDERAL RESERVE NOTE FR 1046 PMG 67 EPQ

US $16,500.00

Sale

GEM Rare $1000 Bill Federal Reserve Notes 1928 1934

GEM Rare $1000 Bill Federal Reserve Notes 1928 1934

US $14,250.00

Sale

$100 1914 FEDERAL RESERVE NOTE FR 1104 PCGS 67 PPQ

$100 1914 FEDERAL RESERVE NOTE FR 1104 PCGS 67 PPQ

US $9,900.00

Sale

1914 $100 Federal Reserve Note Fr 1074b PMG 15 Red

1914 $100 Federal Reserve Note Fr 1074b PMG 15 Red

US $6,000.00

Sale

PMG 66EPQ 1918 $2 BATTLESHIP FEDERAL RESERVE BANK NOTE

PMG 66EPQ 1918 $2 BATTLESHIP FEDERAL RESERVE BANK NOTE

US $5,550.00

Sale

GEM Rare $1000 Bill Federal Reserve Note 1928 FR 2210 L

GEM Rare $1000 Bill Federal Reserve Note 1928 FR 2210 L

US $5,500.00

Sale

$2 1918 Federal Reserve Bank Note PMG 65EPQ S N D228A

$2 1918 Federal Reserve Bank Note PMG 65EPQ S N D228A

US $4,700.00

Sale

$500 Bill Federal Reserve Notes 1934A FR 2202 B

$500 Bill Federal Reserve Notes 1934A FR 2202 B

US $4,500.00

Sale

PMG 64EPQ 1918 $2 BATTLESHIP FEDERAL RESERVE BANK NOTE

PMG 64EPQ 1918 $2 BATTLESHIP FEDERAL RESERVE BANK NOTE

US $3,450.00

Sale

$1 1977 Federal Reserve Note Superb Gem New

$1 1977 Federal Reserve Note Superb Gem New

US $3,300.00

Sale

$5 1918 FEDERAL RESERVE BANK NOTE PMG 65 EPQ CLEVELAND

$5 1918 FEDERAL RESERVE BANK NOTE PMG 65 EPQ CLEVELAND

US $3,295.00

Sale

1928 $1000 BILL FEDERAL RESERVE GOLD NOTE GEM UNC 65

1928 $1000 BILL FEDERAL RESERVE GOLD NOTE GEM UNC 65

US $2,999.00

Sale

FR 2200 H 1928 $500 Federal Reserve Notes RARE CGA 64

FR 2200 H 1928 $500 Federal Reserve Notes RARE CGA 64

US $2,999.00

Sale

$1000 Bill Federal Reserve Note 1934A FR 2212 G

$1000 Bill Federal Reserve Note 1934A FR 2212 G

US $2,999.00

Sale

1934 $1000 FEDERAL RESERVE NOTE Chicago PCGS Almost UNC

1934 $1000 FEDERAL RESERVE NOTE Chicago PCGS Almost UNC

US $2,800.00

Sale

1914 $5 Federal Reserve Note Red Seal FR 835b CGA 65

1914 $5 Federal Reserve Note Red Seal FR 835b CGA 65

US $2,795.00

Sale

1934 A $1000 Federal Reserve Note Chicago Illinois

1934 A $1000 Federal Reserve Note Chicago Illinois

US $2,750.00

Sale

1918 $2 FEDERAL RESERVE NOTE PCGS 64PPQ BATTLESHIP

1918 $2 FEDERAL RESERVE NOTE PCGS 64PPQ BATTLESHIP

US $2,750.00

Sale

1934 A $1000 Federal Reserve Note PMG VF20 Chicago IL

1934 A $1000 Federal Reserve Note PMG VF20 Chicago IL

US $2,750.00

Sale

$1000 1934 FEDERAL RESERVE NOTE CHOICE ABOUT NEW PCGS55

$1000 1934 FEDERAL RESERVE NOTE CHOICE ABOUT NEW PCGS55

US $2,650.00

Sale

1934A $1000 FEDERAL RESERVE NOTE PMG40 EXTREMELY FINE

1934A $1000 FEDERAL RESERVE NOTE PMG40 EXTREMELY FINE

US $2,450.00

Sale

$500 Mule Federal Reserve Note PCGS 65PPQ 2202 G

$500 Mule Federal Reserve Note PCGS 65PPQ 2202 G

US $2,150.00

Sale

1934 $1000 FEDERAL RESERVE NOTE OF PHILADELPIAPA VF

1934 $1000 FEDERAL RESERVE NOTE OF PHILADELPIAPA VF

US $1,995.00

Sale

PMG VF20 SERIES 1934 $1000 FEDERAL RESERVE NOTE NICE

PMG VF20 SERIES 1934 $1000 FEDERAL RESERVE NOTE NICE

US $1,899.00

Sale

$1 1918 Federal Reserve Bank Note NY Fr 712 PCGS 67PPQ

$1 1918 Federal Reserve Bank Note NY Fr 712 PCGS 67PPQ

US $1,850.00

Sale

1934 $ 1000 DOLLAR BILL FEDERAL RESERVE NOTE Chicago US

1934 $ 1000 DOLLAR BILL FEDERAL RESERVE NOTE Chicago US

US $1,750.00

Sale

1934 A $1000 FEDERAL RESERVE BILL NOTE NICE

1934 A $1000 FEDERAL RESERVE BILL NOTE NICE

US $1,699.99

Sale

1928 $1000 Federal Reserve Note Richmond VF

1928 $1000 Federal Reserve Note Richmond VF

US $1,695.00

Sale

1934 $1000 Federal reserve Note Rare Bill No reserve

1934 $1000 Federal reserve Note Rare Bill No reserve

US $1,575.00

Sale

1934 $500 Federal Reserve Note San Francisco Rare Coin

1934 $500 Federal Reserve Note San Francisco Rare Coin

US $1,500.00

Sale

1934 A $500 Federal Reserve Note Atlanta Georgia

1934 A $500 Federal Reserve Note Atlanta Georgia

US $1,500.00

Sale

1934 $500 Federal Reserve Note Rare Currency Good Cond

1934 $500 Federal Reserve Note Rare Currency Good Cond

US $1,500.00

Sale

1934A $1000 FEDERAL RESERVE NOTE AWESOME GIFT WINNER

1934A $1000 FEDERAL RESERVE NOTE AWESOME GIFT WINNER

US $1,316.41

Sale

1934 A $500 Federal Reserve Note Fr 2202B PMG VG10

1934 A $500 Federal Reserve Note Fr 2202B PMG VG10

US $1,250.00

Sale

1934 $100000 FEDERAL RESERVE NOTE EXCELLENT CONDITION

1934 $100000 FEDERAL RESERVE NOTE EXCELLENT CONDITION

US $1,225.00

Sale

1934 $100000 FEDERAL RESERVE NOTE FROM CHICAGO

1934 $100000 FEDERAL RESERVE NOTE FROM CHICAGO

US $1,200.00

Sale

$1000 Federal Reserve Note Series 1934 Chicago Bank

$1000 Federal Reserve Note Series 1934 Chicago Bank

US $1,200.00

Sale

FINE 1934 $1000 FEDERAL RESERVE NOTE

FINE 1934 $1000 FEDERAL RESERVE NOTE

US $1,136.11

Sale

$10 Federal Reserve Note PCGS 67PPQ Fr 2000 K

$10 Federal Reserve Note PCGS 67PPQ Fr 2000 K

US $1,000.00

Sale

1914 $10 Federal Reserve Large Note BURKE GLASS AL UNC

1914 $10 Federal Reserve Large Note BURKE GLASS AL UNC

US $1,000.00

Sale

1914 $100 FR 1088 FEDERAL RESERVE NOTE BILL VERY RARE

1914 $100 FR 1088 FEDERAL RESERVE NOTE BILL VERY RARE

US $995.00

Sale

1995 $5 Federal Reserve Notes Uncut Sheet of 32 Notes

1995 $5 Federal Reserve Notes Uncut Sheet of 32 Notes

US $975.00

Sale

1934 A $500 PHILLADELPHIA FEDERAL RESERVE NOTE BILL

1934 A $500 PHILLADELPHIA FEDERAL RESERVE NOTE BILL

US $924.99

Sale

1934 $500 Federal Reserve Note Fr2201L PMG Fine 15

1934 $500 Federal Reserve Note Fr2201L PMG Fine 15

US $899.99

Sale

1914 $50 Fr1033 RARE FEDERAL RESERVE NOTE HIGH GRADE

1914 $50 Fr1033 RARE FEDERAL RESERVE NOTE HIGH GRADE

US $899.00

Sale

1934 A $500 FEDERAL RESERVE NOTE NEW YORK BILL

1934 A $500 FEDERAL RESERVE NOTE NEW YORK BILL

US $874.99

Sale

1934 $500 CLEVELAND OHIO FEDERAL RESERVE NOTE BILL RARE

1934 $500 CLEVELAND OHIO FEDERAL RESERVE NOTE BILL RARE

US $849.99

Sale

1934 Chicago $500 Federal Reserve Note Bill very nice

1934 Chicago $500 Federal Reserve Note Bill very nice

US $840.00

Sale

PCGS 64PPQ 1914 $5 MINNEAPOLIS FEDERAL RESERVE NOTE

PCGS 64PPQ 1914 $5 MINNEAPOLIS FEDERAL RESERVE NOTE

US $825.00

Sale

ONE HUNDRED DOLLAR FEDERAL RESERVE NOTE SERIES 1929

ONE HUNDRED DOLLAR FEDERAL RESERVE NOTE SERIES 1929

US $812.50

Sale

US Federal Reserve Set Series 2003 $200 note

US Federal Reserve Set Series 2003 $200 note

US $799.95

Sale

$1 1918 FEDERAL RESERVE BANK NOTE PCGS 65 NEW YORK

$1 1918 FEDERAL RESERVE BANK NOTE PCGS 65 NEW YORK

US $795.00

Sale

1934 $50000 FEDERAL RESERVE NOTE CHICAGO

1934 $50000 FEDERAL RESERVE NOTE CHICAGO

US $750.00

Sale

CHOICE SERIES 1934A $500 FEDERAL RESERVE NOTE NICE

CHOICE SERIES 1934A $500 FEDERAL RESERVE NOTE NICE

US $750.00

Sale

CHOICE SERIES 1934 $500 FEDERAL RESERVE NOTE NICE

CHOICE SERIES 1934 $500 FEDERAL RESERVE NOTE NICE

US $750.00

Sale

1918 $200 FEDERAL RESERVE NOTE FR751 NEW YORK V NICE

1918 $200 FEDERAL RESERVE NOTE FR751 NEW YORK V NICE

US $725.00

Sale

1934 A $500 FEDERAL RESERVE BANK NOTE CGA AU58 OPQ

1934 A $500 FEDERAL RESERVE BANK NOTE CGA AU58 OPQ

US $705.00

Sale

2 1950C AND 1950E 10000 FEDERAL RESERVE NOTE

2 1950C AND 1950E 10000 FEDERAL RESERVE NOTE

US $780.00

Sale

1934 $500 FEDERAL RESERVE NOTE UNC NICE NO RESERVE

1934 $500 FEDERAL RESERVE NOTE UNC NICE NO RESERVE

US $656.09

Sale

Rare 1934 $500 dollar Federal Reserve Note

Rare 1934 $500 dollar Federal Reserve Note

US $636.00

Sale

$500 Federal Reserve Note 1934 A Series

$500 Federal Reserve Note 1934 A Series

US $600.00

Sale

$1 1918 FEDERAL RESERVE BANK NOTE PCGS AU 55 RICHMOND

$1 1918 FEDERAL RESERVE BANK NOTE PCGS AU 55 RICHMOND

US $579.95

Sale

$1 1918 FEDERAL RESERVE NOTE PCGS 55 PPQ BOSTON FR710

$1 1918 FEDERAL RESERVE NOTE PCGS 55 PPQ BOSTON FR710

US $579.00

Sale

FR 911c 1914 $10 FEDERAL RESERVE NOTE NEW YORK CGA 64

FR 911c 1914 $10 FEDERAL RESERVE NOTE NEW YORK CGA 64

US $575.00

Sale

1934 $50000 FEDERAL RESERVE NOTE NICE SHAPE

1934 $50000 FEDERAL RESERVE NOTE NICE SHAPE

US $500.00

Sale

LOT 8 NOTE FEDERAL RESERVE66666666 FANCY 66666666

LOT 8 NOTE FEDERAL RESERVE66666666 FANCY 66666666

US $499.99

Sale

ONE HUNDRED DOLLAR FEDERAL RESERVE NOTE SERIES 1934A

ONE HUNDRED DOLLAR FEDERAL RESERVE NOTE SERIES 1934A

US $499.99

Sale

Series 1914 $100 Federal Reserve Note

Series 1914 $100 Federal Reserve Note

US $499.00

Sale

FR1130 1914 $100 FEDERAL RESERVE NOTE SAN FRANCISCO

FR1130 1914 $100 FEDERAL RESERVE NOTE SAN FRANCISCO

US $495.00

Sale

1928 A $500 FEDERAL RESERVE NOTE CRISP UNCIRCULATED

1928 A $500 FEDERAL RESERVE NOTE CRISP UNCIRCULATED

US $475.00

Sale

$1 1918 Federal Reserve Bank Note New York Uncirculated

$1 1918 Federal Reserve Bank Note New York Uncirculated

US $430.00

Sale

Fr 2112 B $50 1950E Federal Reserve Note PCGS 64

Fr 2112 B $50 1950E Federal Reserve Note PCGS 64

US $415.00

Sale

1914 $20 FR 994 Federal Reserve Note PCGS GEM CU65

1914 $20 FR 994 Federal Reserve Note PCGS GEM CU65

US $405.00

Sale

1950B 10000 FEDERAL RESERVE STAR NOTE

1950B 10000 FEDERAL RESERVE STAR NOTE

US $450.00

Sale

NICE 1929 $100 FEDERAL RESERVE NOTE CHICAGOILLINOIS

NICE 1929 $100 FEDERAL RESERVE NOTE CHICAGOILLINOIS

US $399.99

Sale

$10 1914 Federal Reserve Note Red Seal FR 896B RARE

$10 1914 Federal Reserve Note Red Seal FR 896B RARE

US $399.99

Sale

1934A $20 Federal Reserve Brwon Seal Hawaii Note PCGS

1934A $20 Federal Reserve Brwon Seal Hawaii Note PCGS

US $399.00

Sale

1914 $10 Federal Reserve Note Red Seal New York Fr893B

1914 $10 Federal Reserve Note Red Seal New York Fr893B

US $399.00

Sale

US Federal Reserve Bank Note Series of 1918 $1 ChCU

US Federal Reserve Bank Note Series of 1918 $1 ChCU

US $395.50

Sale

$1 1918 Federal Reserve Bank Note Boston

$1 1918 Federal Reserve Bank Note Boston

US $375.00

Sale

3 $5 NOTES 1928 A FEDERAL RESERVE NOTE PLUS1934 1953

3 $5 NOTES 1928 A FEDERAL RESERVE NOTE PLUS1934 1953

US $375.00

Sale

1929 $10 FEDERAL RESERVE BANK NOTE BOSTON PCGS 64 PPQ

1929 $10 FEDERAL RESERVE BANK NOTE BOSTON PCGS 64 PPQ

US $369.00

Sale

1929 $10 FEDERAL RESERVE BANK NOTE PMG GEM 65 EPQ

1929 $10 FEDERAL RESERVE BANK NOTE PMG GEM 65 EPQ

US $369.00

Sale

US Paper Money Federal Reserve Note Star $10 Gem CU

US Paper Money Federal Reserve Note Star $10 Gem CU

US $351.00

Sale

2 1963A 10000 FEDERAL RESERVE NOTE IN CONSEC ORDER

2 1963A 10000 FEDERAL RESERVE NOTE IN CONSEC ORDER

US $400.00

Sale

1985 $5 Dollar Federal Reserve Note Cut Print Error

1985 $5 Dollar Federal Reserve Note Cut Print Error

US $350.00

Sale

1934 $100 Federal Reserve Star Note RARE

1934 $100 Federal Reserve Star Note RARE

US $350.00

Sale

14 CONSECUTIVE 1977 $20 FEDERAL RESERVE NOTES CU

14 CONSECUTIVE 1977 $20 FEDERAL RESERVE NOTES CU

US $420.00

Sale

GEM CU 100 PACK OF 1995 $2 FEDERAL RESERVE NOTES

GEM CU 100 PACK OF 1995 $2 FEDERAL RESERVE NOTES

US $349.00

Sale

$5 1928 K Dallas Federal Reserve Note PCGS 65PPQ

$5 1928 K Dallas Federal Reserve Note PCGS 65PPQ

US $325.00

Sale

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