Portrait: Ulysses S. Grant

Drescription: The 1914 $50 Federal Reserve Note is a large-size banknote featuring President Ulysses S. Grant on the obverse and an allegory of the Panama Canal on the reverse. It was the first $50 Federal Reserve Note issued, often bearing a blue or red Treasury seal and, in some cases, blue serial numbers. 

Obverse Design:

Portrait: A detailed engraving of Ulysses S. Grant is centered, flanked by the denomination "50".

Seal & Numbers: Features a Treasury seal (red or blue) to the right of the portrait and a black Federal Reserve Bank seal to the left.

Text: "FEDERAL RESERVE NOTE," "THE UNITED STATES OF AMERICA WILL PAY TO THE BEARER ON DEMAND FIFTY DOLLARS".

Reverse Design:

Central Image: An allegorical scene representing the Panama Canal, featuring a female figure of Panama standing between a merchant ship and a battleship.

Background: The scene includes palm trees, a cliff, mountains, beaches, and lighthouses.

Significance: Issued during the first series of Federal Reserve Notes following the 1913 Act.

Varieties: Red seal notes are considered scarcer and more highly collectible.

Security: Printed on paper containing red and blue security fibers.