1918 $1 Defiant Eagle Federal Reserve Horse Blanket Note

• Now More Than 100 Years Old: Issued in 1918, this remarkable note has survived over a century of history, making it a prized relic from America’s World War I era.

• Circulated to Good Condition: Each note shows authentic signs of use from its time in circulation, adding character and historical depth to this already rare collectible.

• Less Than 0.5% Still Exist: Extremely scarce today, this is the first, only, and last large-size $1 note ever issued by the Federal Reserve—an essential piece for any serious collector.

For one bill Own a bold symbol of American history with the 1918 $1 “Defiant Eagle” Federal Reserve Horse Blanket Note — the first, only, and last large-size $1 note ever issued by the Federal Reserve. Measuring over seven inches long, this oversized note earned its “horse blanket” nickname for good reason, and its commanding design reflects the power and pride of a nation during wartime.

Issued during the final year of World War I, this note features a striking reverse image known as the “Defiant Eagle” — a bald eagle grasping the American flag like a war lance, soaring as a symbol of America’s readiness and resolve. The obverse shows a familiar portrait of George Washington, uniquely placed to the left side to make room for the issuing Federal Reserve Bank’s name. Rich blue serial numbers and seal add an extra pop of color and distinction to this already impressive design.

Now more than 100 years old, the majority of these notes have long disappeared from circulation. It is estimated that fewer than one-half of 1% survive in any condition, making this a truly scarce and sought-after collectible. Most of the surviving examples, including the one you’ll receive, are found in circulated to good condition, reflecting the hands-on history they’ve lived through. Each note will come protected in a clear archival holder and is accompanied by a Certificate of Authenticity.

For collectors of U.S. currency and lovers of American history, this note is a must-have. With its rare status, powerful symbolism, and vintage charm, the 1918 $1 Defiant Eagle Horse Blanket Note stands tall as a proud remnant of a transformative era.