1914 $100 Federal Reserve Note New York Fr#1090 PMG VF25 Closed Pinholes

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A Series of 1914 $100 Large Size Federal Reserve Note New York, New York Fr#1090 with signatures Burke/Houston and Serial # B2507891A graded Very Fine 25 (VF-25) by PMG with an annotation for 'Closed Pinholes'. This note displays an off white paper color, visible folds/creases and uneven reverse margins. Please view our photos for additional information and ask any questions prior to purchase.
1914 $100 Federal Reserve Note New York Fr#1090 PMG VF25 Closed Pinholes

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Product Description

A Series of 1914 $100 Large Size Federal Reserve Note New York, New York Fr#1090 with signatures Burke/Houston and Serial # B2507891A graded Very Fine 25 (VF-25) by PMG with an annotation for 'Closed Pinholes'. This note displays an off white paper color, visible folds/creases and uneven reverse margins. Please view our photos for additional information and ask any questions prior to purchase.

Federal Reserve Notes otherwise referred to as United States banknotes are banknotes used primarily in the United States of America and are denominated using the United States dollar (USD). Official legislation enacted by Congress known as the Federal Reserve Act of 1913 established the Federal Reserve System in addition to a centralized banking system. In effect, the ability to issue Federal Reserve Notes as legal tender was created. Prior to the formation of centralized banking, commercial banks issued their own notes. The first institution that acted as a central bank was the First Bank of the United States and was charted by Alexander Hamilton in 1791. Starting in 1914, the first large sized notes ‘Series of 1914’ were printed in denominations of $5, $10, $20, $50 & $100 initially with red seals and later blue seals. Their average dimensions were: 7.375 x 3.125 inches (187 x 79 mm). It wouldn’t be until 1928 that cost cutting measures were taken to reduce the size of these notes.

Additional Info

Denomination $100
Condition Circulated
Grade Designation VF-25
Mint / Brand Federal Reserve Bank Of New York, New York
Aggregate Precious Metal Weight in oz 0.0000
SKU paper money:pm-0255-6

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