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Currency Appraisal and Old Paper Money Dealer
Greg Davis

Federal Reserve Bank Note Series 1915 And Series 1918

In 1915 new series of notes were released whose purpose was to end the National Currency system. National banks were given the option to surrender their circulating currency and in return they would receive an equal amount of Federal Reserve Bank Notes. (National Currency is still printed on the notes). The Feds thought this would drive out National currency but they overestimated the attractiveness of this plan. The National banks were still profiting from their issuance consequently, few banks exchanged their currency. Because of the limited take-up, series 1915 Federal Reserve Bank Notes are pretty uncommon and can be pricey.

1882 Fifty Dollar Bill
1915 $10.00 Kansas City, MO Federal Reserve Bank Note

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