Large Size Federal Reserve Notes

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A brief exploration of the history of U.S. currency is worthwhile when considering the historical value of the Large Federal Reserve Notes. Federal Reserve notes are the latest in a storied history of paper currency in the United States before designs and denominations became standardized. A Federal Reserve Note is a type of legal tender issued by the United States and printed by the Bureau of Engraving and Printing under the authority of the Federal Reserve Act of 1913. Prior to the Civil War, paper currency was not uniform, appearing in many different sizes, shapes, and colors. In fact, each state issued its own currency as well as individual banks offering their own versions. However, attempts to standardize the production of all currency and coins came after intense hoarding during the Civil War. Among the most notable paper currencies in circulation between the civil war and the 1914 Federal Reserve Notes were the following: United States Notes (1862 to 1923), National Bank Notes (1863 to 1922), Gold Certificates (1865 to 1922), and Silver Certificates (1878 to 1923). All of these earlier currencies also boasted the larger size. In the early years before the Great Depression, these notes were redeemable for their corresponding value in silver coin or bullion. Conversely, rather than gold or silver backing, modern Federal Reserve Notes are backed by the Treasuries owned by the Federal Reserve Banks that provide collateral for the value of the notes. What is so fun about collecting these historical Large Notes is that they represent an era when a $50 note meant $50 dollars worth of silver bullion. Therefore, collectors of rare U.S. currency will enjoy browsing through our selection of these colorful and historical specimens, and you’ll enjoy their fine artistry, as well.