1914 $10 Federal Reserve Note – Boston | Fr. 907a | PCGS Ch VF 35 | Large Size Note

1914 $10 Federal Reserve Note – Boston | Fr. 907a | PCGS Ch VF 35 | Large Size Note

The 1914 $10 Federal Reserve Note from Boston (Fr. 907a) is a stunning example of early U.S. paper currency, issued during the first years of the Federal Reserve system. This large-size note, graded PCGS Choice Very Fine (Ch VF) 35, remains an impressive collectible with excellent eye appeal, strong paper quality, and bold ink coloration.

As one of the earliest 1914 $10 Federal Reserve Note (FRNs) ever issued, this bill holds historical significance, bearing the portrait of Andrew Jackson and showcasing classic American banknote artistry. Its large size, intricate design, and scarcity in high-grade condition make it a desirable piece for both seasoned numismatists and investors.

Key Features of This 1914 $10 Federal Reserve Note (Fr. 907a – Boston District)

1. Historic First Issue of Federal Reserve Notes

• This note is part of the first series of Federal Reserve Notes issued under the Federal Reserve Act of 1913.
• It marks a significant transition from National Bank Notes to a unified federal currency system.

2. Classic Large-Size Design & Artwork

• Measuring 7.38 x 3.13 inches, this note is much larger than modern U.S. currency.
• The front features an engraved portrait of Andrew Jackson, the seventh U.S. president.
• The reverse showcases an allegorical vignette titled The Agriculture and Industry of America, symbolizing the nation’s economic strength.

3. Boston District Seal & Signatures

• The “A” seal and serial numbers indicate this note was issued by the Boston Federal Reserve Bank (one of the 12 regional banks).
• Treasury officials John Burke (Treasurer of the U.S.) and William G. McAdoo (Secretary of the Treasury) signed this note, further authenticating its historical value.

4. PCGS Choice Very Fine (VF 35) Grade

• This note has been professionally graded and certified by PCGS, one of the top grading services.
• At Choice VF 35, it retains strong details, crisp paper integrity, and excellent ink contrast, making it a highly collectible mid-grade example.

5. Rarity & Collector Appeal

• Large-size Federal Reserve Notes from 1914 are increasingly scarce, especially in well-preserved condition.
• Notes from the Boston District (Fr. 907a) are particularly desirable due to their limited surviving population.

Historical Significance of the 1914 $10 Federal Reserve Note

Issued during the early years of the Federal Reserve System, the 1914 $10 FRN represents a pivotal shift in U.S. monetary policy. Before 1913, currency issuance was fragmented, with National Banks printing their own notes. The establishment of the Federal Reserve centralized and stabilized the currency system, introducing large-size FRNs backed by the full faith and credit of the U.S. government.

These early “First Series” 1914 FRNs were printed in blue seals (like this note) and red seals (more limited in production) before the 1928 currency size reduction.

Investment Potential & Collectibility

✔ Rare Early Federal Reserve Issue – The first $10 FRNs remain among the most collectible U.S. banknotes.
✔ Large-Size Currency Demand – Pre-1928 notes are highly sought after due to their historical design and scarcity.
✔ Certified by PCGS (Trusted Grading Service) – Ensures authenticity, quality, and long-term value.
✔ Mid-Grade Affordability – Choice VF 35 is a great balance between rarity and affordability, making it a smart investment for new and experienced collectors.

How to Preserve & Protect This 1914 $10 FRN

To maintain its historical and monetary value, follow these preservation tips:

✔ Store in a PMG/PCGS-Certified Holder – Protects against environmental damage.
✔ Handle With Gloves or Use Tweezers – Prevents oils from affecting the paper.
✔ Avoid Sunlight & Moisture – Keeps ink from fading and paper from deteriorating.
✔ Flat Storage Preferred – Prevents folds or creases that could lower the grade.

Final Thoughts – A Rare and Historic Collectible

This 1914 $10 Federal Reserve Note (Boston – Fr. 907a, PCGS Ch VF 35) is a remarkable piece of early 20th-century U.S. currency history. With its large format, bold design, and historical significance, it is a must-have for serious collectors of large-size notes, Federal Reserve history, and vintage U.S. banknotes.

Given its growing rarity and demand, this note is not just a collectible—it’s a piece of American financial history that continues to appreciate in value.