Series Of 1974 $1 FRN Cleveland Fr#1908-D Missing Print Error PMG Ch UNC 63 EPQ

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Series Of 1974 $1 FRN Cleveland Fr#1908-D Missing Print Error PMG Ch UNC 63 EPQ
Series Of 1974 $1 FRN Cleveland Fr#1908-D Missing Print Error PMG Ch UNC 63 EPQ

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Product Description

A Series Of 1974 $1 Federal Reserve Bank Note Of Cleveland, Ohio Fr#1908-D (DB Block) with signatures Neff/Simon and Serial # D68720049B graded Choice Uncirculated 63 Exceptional Paper Quality (EPQ) (Missing Print Error) with an annotation specifying "First Print Missing" by PMG. This note displays an original white paper color, no creases/folds, dramatic missing print on the reverse side and uneven 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 $1
Condition Choice Uncirculated
Grade Designation Choice Uncirculated 63 EPQ
Mint / Brand Federal Reserve Bank Of Cleveland, Ohio
Aggregate Precious Metal Weight in oz 0.0000
SKU Paper Money:pm-1974$1unc65epq

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