These are the first of the small size $5.00 United States Notes (aka Legal Tender or Red Seal Notes). Issued beginning in 1928, many of these ended up being destroyed due to the heavy circulation they saw during the Great Depression. The notes in this listing are in Fine condition with moderate wear, but no abuse.
- This was the first $5.00 Red Seals issued in the new small size.
- Notes will be housed in archival quality currency sleeves.
- Circulated notes from series 1928.
- These notes will be in Fine condition.
- Each has a portrait of President Abraham Lincoln.
United States Notes were adopted for circulation during the Civil War in 1862 in denominations from One through One Thousand Dollars. The $5 denomination remained when we switched over to small size notes in 1928 and continued until the early 1960's when the $5 FRN's replaced them entirely. Although they are still legal tender, their red seals and serial numbers make them great collector items.
Series 1928 $5 United States Notes had a large original printing of just over 267 million, but many were lost through the heavy use they saw during the Great Depression when Five Dollars could buy a lot of groceries! This first issue $5 Red Seals are popular with collectors! Woods/Mellon signatures & Friedberg#1525.