1918 $2 Federal Reserve Bank Note Cleveland Battleship FR-759 PCGS VF 25 For Sale

1918 $2 Federal Reserve Bank Note — Cleveland "Battleship" — FR#759 — PCGS 25 VF

The Series of 1918 $2 Federal Reserve Bank Note is one of the most beloved large-size notes in American currency collecting, earning its nickname "Battleship" from the imposing reverse design featuring the USS New York-class dreadnought steaming at full power. Issued only once — in 1918 — as part of the Federal Reserve's response to a wartime currency shortage triggered by the Pittman Act's withdrawal of silver dollars, this note occupies a unique place in numismatic history: it was the only series of $2 Federal Reserve Bank Notes ever produced, and the last large-size $2 bill design before the series was discontinued.

This particular example hails from the Federal Reserve Bank of Cleveland, one of twelve regional issuing banks under the 1918 FRBN program, bearing the Elliott/Burke signature combination. The obverse carries the familiar left-facing portrait of Thomas Jefferson, while the reverse's battleship vignette — never officially identified by name, though widely believed to depict the USS New York — remains one of the most visually striking designs ever placed on U.S. paper currency.

Graded PCGS Very Fine 25, this note shows honest, moderate circulation wear consistent with a note that saw genuine use in commerce over a century ago, while retaining strong overall eye appeal, clear design elements, and no problems noted by PMG. Battleship notes in this grade range have been steadily gaining collector attention in recent years as populations of well-preserved large-size type notes continue to shrink.

Housed in a protective PCGS holder, this note is ready for immediate display or addition to a type set, FRBN collection, or Cleveland district set.

Item Highlights:

• Series of 1918 $2 Federal Reserve Bank Note — the only $2 FRBN series ever issued
• Federal Reserve Bank of Cleveland (District D)
• Friedberg #759
• Elliott/Burke signature combination
• Graded PCGS Very Fine 25
• Iconic "Battleship" reverse design (USS New York-class dreadnought)
• Housed in a certified PMG holder for authenticity and protection
• Ideal for type collectors, FRBN specialists, or district set builders