Federal Reserve Notes were first issued in 1914, and are liabilities of the Federal Reserve System. They were redeemable in gold until 1933. After that date they stopped to be redeemable in anything, much like United States Notes (which later led to the halting of the production of United States Notes).

 image on the front is Abraham Lincoln-- on the reverse is a picture of a group of men looking up to one man on the left and Christopher Columbus's discovery of the New World on the right.

readable on the bill....
FIVE DOLLARS
THIS NOTE IS RECEIVABLE BY ALL NATIONAL AND MEMBER BANKS AND FEDERAL RESERVE BANKS AND FOR ALL TAXES, CUSTOMS AND OTHER PUBLIC DUES. IT IS REDEEMABLE IN GOLD ON DEMAND AT THE TREASURY DEPARTMENT OF THE UNITED STATES IN THE CITY OF WASHINGTON, DISTRICT OF COLUMBIA OR IN GOLD OR LAWFUL MONEY AT ANY FEDERAL RESERVE BANK.

Own a piece of monetary history---imagine...this bill is over 100 years old.  What did it buy?  Did it pay someone's taxes?  Maybe it was used to pay for clothes and fruit for Christmas presents?  

Get ready to bid....this is a wonderful gift for someone or just for your collection!!!!