1914 Five Dollar Federal Reserve Note Value Guide

The Series 1914 Five Dollar Federal Reserve Note represents the inaugural issue of Federal Reserve currency, earning the nickname 'Horse Blanket' for its large physical dimensions. This specific 12-L district note from San Francisco is highly collectible for its historical reverse imagery depicting the discovery of land by Columbus and the Landing of the Pilgrims.

What Is 1914 Five Dollar Federal Reserve Note Worth?

The typical price range for 1914 Five Dollar Federal Reserve Note is $125 - $140 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Paper crispness and the absence of heavy folds or 'pinholes' significantly impact the $125-$140 price range.
• The clarity of the blue ink used for the serial numbers and the Treasury seal.
• The specific 12-L San Francisco district designation and its relative scarcity compared to other districts.
• Overall centering of the printed design and the presence of any ink smears or original paper waves.

How to Identify 1914 Five Dollar Federal Reserve Note?

• Verify the blue Treasury seal and the 12-L district seal representing the Federal Reserve Bank of San Francisco.
• Check for the portrait of Abraham Lincoln on the obverse and the dual historical scenes of Columbus and the Pilgrims on the reverse.
• Ensure the note measures approximately 7.375 by 3.125 inches, significantly larger than modern US currency.
• Look for the 'Series of 1914' designation printed on the face of the note.

History of 1914 Five Dollar Federal Reserve Note

Known as 'Horse Blankets' due to their impressive physical size compared to modern currency, the Series 1914 notes were the first Federal Reserve Notes ever issued. This specific note bears the 12-L district seal for San Francisco. The reverse side famously depicts Christopher Columbus's discovery of land and the Landing of the Pilgrims, symbolizing the expansion and foundation of the United States.