1914 $50 Federal Reserve Note Cleveland FR#1038 PMG VF25
1914 $50 Federal Reserve Note Cleveland FR#1038 PMG VF25
An early high-denomination “horse blanket” from the very first series of Federal Reserve Notes, this 1914 $50 Cleveland FR#1038 presents a desirable blend of historical significance, eye appeal, and third-party assurance. Certified by PMG as VF25, it offers honest circulation with strong detail and attractive color—an ideal example for both advanced type collectors and buyers seeking a standout Large Size note with dependable grading.
Issued just a year after the Federal Reserve’s creation, the 1914 Series represents the inaugural chapter of modern U.S. central-bank currency. The Cleveland “D” district adds collector interest, and the $50 denomination is notably scarcer than the lower values from the same series, keeping demand strong for problem-free, mid-grade pieces.
Condition and presentation
- PMG VF25: A pleasing Very Fine showing moderate circulation, intact paper, and bold design details typical of the grade. Encapsulated by PMG for authenticity and protection.
- Key early Federal Reserve type: A cornerstone for Large Size FRN type sets.
- District allure: Cleveland (District 4-D) notes are popular with regional and district specialists.
- High-denomination 1914 issue: Tougher to find in collectible, certified mid-grade, making this a smart acquisition for long-term collections.
- Note: 1914 $50 Federal Reserve Note
- District: Cleveland (D)
- Friedberg: FR#1038
- Certification: PMG VF25
- Country: United States
- Type: Large Size Federal Reserve Note
- Denomination: $50
- Series Year: 1914
- Serial Number: D2815424A
- Size: Large Size format (commonly called “horse blanket”)
Collector appeal
Specifications
SEO keywords: 1914 $50 Federal Reserve Note Cleveland FR#1038, PMG VF25, Large Size US currency, early Federal Reserve horse blanket, Friedberg 1038 Cleveland District D, collectible $50 1914 FRN, PMG certified banknote.
Secure this PMG-graded 1914 $50 Cleveland FRN to elevate your U.S. type set with a historically important, Large Size, high-denomination note that remains consistently sought after in the marketplace.
| Denomination | $50 |
| Grading Service | PMG |
| Grade | VF25 |
| Designation | N/A |
| Year | 1914 |
| Population | |
| Signatures | Burke, Houston |
| Note Series | 1914 |
