Fr. 718 (W-111-D). 1918 $1 Federal Reserve Bank Note. Cleveland. PCGS Superb Gem New 68 PPQ.

Fr. 718 (W-111-D). 1918 $1 Federal Reserve Bank Note. Cleveland. PCGS Superb Gem New 68 PPQ.，Exceptionally high grade Federal Reserve Bank Notes survive on the Cleveland Federal Reserve including this superbly preserved Ace. This serial number D532A example comes from a long run of consecutive low numbered notes known to collectors that must have been saved in packs, allowing collectors today to enjoy many beautiful pieces. This is one of the very finest of all survivors, featuring essentially perfect centering and registration, as well as sharply printed inks and deep overprint embossing. It is one of just two examples PCGS has graded at the 68 PPQ level for this catalog number with none finer. PMG has graded no examples higher than 66 EPQ.<p><p><p><p><strong>$1 Federal Reserve Bank Notes, Series of 1918</strong><p>$1 Federal Reserve Bank Notes, Series of 1918, are sometimes called "Green Eagle Notes." These feature the city location of the Federal Reserve Bank on the face and a patriotic eagle grasping a flag on the back. Such currency was produced in many different combinations, yielding a series that is quite popular today. All bear the day date of May 18, 1914, except the San Francisco notes, which are dated May 20, 1914. All have a blue Treasury Seal. Population estimates, again by Doug Murray, have been published in recent years and aid in the understanding of rarity, as do figures in the Track & Price database. The estimated print run for F-718 (W-111-D) is 8,828,000 notes. Probably about 500 or so survive, mostly in circulated grades save for the aforementioned group of low serial numbers.，From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from Stacks Bowers Galleries sale of April 2011, lot 5483.，