While looking thru my college yearbook I noticed that I had save a 1914 ten dollar note. Is this worth more than ten dollars?
I collect silver coins and I'm not knowledgeable about paper currency. Can you help educate me? I see that the bill mentions the Federal Reserve Act of December 23, 1913 which established the Federal Reserve, and therefore this must be one of the first bills issued under that act. Is that significant? Thank for your assistance
Nice find! The act does not affect the value of the note as much as the condition and the variety. There are close to 100 different varieties of this particular note. Your particular note can be identified by the Friedberg catalog number Fr. 931b. At auction, it can fetch between $50 and $70.
I compared the value of my 1914 $10 note of $70 to keeping up with inflation and found that something that cost $10 in 1914 would cost $226.86 in 2012. Therefore, my $10 Notes has appreciated at less than 1/3 of the inflation rate over the last 98 years.
Coming up on my 50th HS reunion. My dad gave me this bill when it was "only" 50 year old. How time flies!
I'm not sure that this is a fair comparison, because this note in uncirculated condition can go $300 to $500 in Choice Uncirculated 63, and between $800 and $1500 in Gem 65 grade. The price climbs higher very quickly as the grade increases Perfect 70. The low value of $70 is simply due to the condition.
Doing a little research on this Federal Reserve Note indicates that this 1914 $10 bill is not only printed on 100% Hemp paper, but the image on the left side on the back of the bill, shows Hemp (Cannabis plant) being grown in PA. The signature on the bottom right, on the front of this bill is Andrew Mellon who was president of both Standard Oil (Exxon) and Mellon Bank in addition to being Secretary of the Treasury! Did you notice that the US President on this bill is Jackson. In 1928 he was placed on the $20 bill and Hamilton took his place on the $10 bill.
The bill is printed on 100% hemp paper. The first Federal Reserve Bank notes were issued in 1914. Some $10 bills bears the signature of Andrew Mellon, the Secretary of the Treasury under multiple presidential administrations.[FONT=normal Tahoma, sans-serif] [/FONT]Mellon was also the head of several oil companies and banks. Mellon was the uncle of Harry Anslinger, the first leader of the Federal Bureau of Narcotics, 1931-1961. Anslinger was the main cheerleader of the Reefer Madness misinformation campaign and the primary person responsible for marijuana prohibition.
Lot's of history on the paper currency. Both the 7 & the G symbolizes the Federal Bank of Chicago, but what does the "D", D436 represent? Does the alfa symbol after the Notes serial number have any significance? Is there a reason why more alfa symbols are not used rather than numeric numbers? Thanks
Pretty sure the paper is the standard linen/cotton blend used for U.S. currency. They switched to 100% cotton for a while around WWI when linen was too hard to obtain, but I think the linen was back by the time the White-Mellon signatures came along....
This thread is just barely over one page long with this question being address and answered twice already. Do you read anything through before you post?
