***Auction Highlight*** 1918 $2 "Battleship Note" National Currency Federal Reserve Bank of Cleveland, OH Grades vf+. Somewhat similar to the language seen on National Bank Notes, the notes themselves were actually backed by bonds deposited with the United States Treasury by the individual Federal Reserve bank. Forever confusing new collectors, the top of these notes read “NATIONAL CURRENCY” but they are not what is referred to as National Bank Notes. Starting off with the main attraction to these interesting banknotes is the design on the back, with its imposing visage of the 27,000-ton USS New York dreadnought battleship. The vignette was never labeled on the note itself and was intended to be generic, but in comparing it to an image of New York it is clear the two are the same. The face of the note has a vignette of third United States President Thomas Jefferson; his first appearance on the Federal $2 bill was on the Series of 1869 Legal Tender, and he can be found there on modern $2 notes to this day.