1914 $5 FRN (Federal Reserve Note) – New York | Fr. 851a | PMG 25 VF | Large Size U.S. Currency
The 1914 $5 Federal Reserve Note (FRN) from New York, cataloged as Fr. 851a, is a highly collectible piece of early U.S. paper currency. Issued during the first-ever series of Federal Reserve Notes, this large-size banknote is a crucial part of American monetary history. With a PMG 25 VF (Very Fine) grade, this note exhibits moderate circulation wear while retaining its structural integrity, making it a great addition for collectors of large-size U.S. currency.
This note was issued by the Federal Reserve Bank of New York, one of the 12 Federal Reserve Banks created under the Federal Reserve Act of 1913. Designed with intricate details and featuring a portrait of President Abraham Lincoln, this historic $5 bill captures the essence of the early Federal Reserve era.
Historical Significance of the 1914 $5 FRN (Federal Reserve Note) (Fr. 851a)
The 1914 $5 Federal Reserve Notes were the first U.S. paper money issued under the newly established Federal Reserve System. These large-size notes were printed from 1914 until the late 1920s, when they were replaced by the modern small-size currency format in 1929. The New York issue (Fr. 851a) holds particular importance, as the Federal Reserve Bank of New York was (and still is) one of the most influential financial institutions in the country.
Large-size banknotes like this 1914 $5 FRN were part of a transition from National Bank Notes to a more unified system of currency issued directly through the Federal Reserve Banks. Today, these notes are highly sought after by collectors due to their historical importance, intricate design, and increasing rarity.
Design Features of the 1914 $5 FRN (Fr. 851a)

Obverse (Front Design)
- Portrait of Abraham Lincoln – The 16th U.S. president is prominently featured in the center, honoring his leadership during the Civil War and his role in shaping the nation’s economy.
- Blue Treasury Seal & Serial Numbers – A distinctive blue seal and matching blue serial numbers signify its status as a Federal Reserve Note issued during the early 20th century.
- Federal Reserve Bank of New York Inscription – This particular note is issued by the New York District (Bank #2), indicated by the “B” in the seal and serial number prefix.
- Signatures of Treasury Officials – Featuring the printed signatures of Treasurer John Burke and Secretary of the Treasury William G. McAdoo.
Reverse (Back Design)
- Allegorical Artwork – Industry and Labor – A striking engraving of industrial and agricultural workers symbolizes the economic strength of the United States.
- Elaborate Ornamental Borders – Featuring intricate patterns and high-quality engraving to deter counterfeiting and enhance visual appeal.
Why Collect the 1914 $5 FRN?

1. First Federal Reserve Note Series Ever Issued
- The 1914 series represents a major shift in U.S. currency, marking the beginning of the Federal Reserve banking system.
- These notes, measuring 7.375 x 3.125 inches, are much larger than today’s paper money, making them a prized item among collectors.
3. Federal Reserve Bank of New York Issue (Fr. 851a)
- As one of the most influential Federal Reserve Banks, New York-issued notes tend to be highly desirable.
4. Increasingly Rare in Collectible Condition
- Even in PMG 25 VF (Very Fine) grade, this note retains strong details and structural integrity, making it a valuable historical piece.
5. Strong Investment Potential
- The demand for large-size Federal Reserve Notes continues to grow, making this an attractive option for numismatists and investors alike.
How to Preserve and Protect Your 1914 $5 FRN (Fr. 851a)
✔ Store in a PMG-certified holder – This ensures protection from environmental damage.
✔ Keep away from direct sunlight and humidity – Prevents fading and deterioration.
✔ Handle with care – Use gloves or handle by the edges to avoid contamination.
✔ Avoid unnecessary folding or bending – Even in circulated condition, maintaining structural integrity helps preserve its value.
💎 Why This Note is Special:
- Large-Size Early Federal Reserve Note – A Collector’s Favorite
- Features Abraham Lincoln & Historic American Imagery
- PMG Certified – Verified for Authenticity & Quality
- New York Issue (Fr. 851a) – Scarcer District Variant
🎯 Collector’s Note:
This 1914 $5 FRN Federal Reserve Note (Fr. 851a, PMG 25, New York) is a historically significant, large-size banknote that is increasingly difficult to find in Very Fine condition. Due to its age, design, and collectibility, it remains a strong addition to any paper money collection.
Conclusion
The 1914 $5 FRN – New York (Fr. 851a) | PMG 25 VF is a historically significant, visually stunning, and increasingly rare piece of U.S. currency. As part of the first Federal Reserve Note series, it holds immense value for serious collectors and investors. With its large-size format, detailed engraving, and connection to the Federal Reserve’s early days, this note is a must-have addition to any collection of vintage American banknotes.
Own a piece of U.S. financial history today!