1929 (L-San Francisco) $50 Brown Seal FRBN Fine

1929 (L-San Francisco) $50 Brown Seal FRBN Fine

Series 1929 $50 National Currency notes from the San Francisco Federal Reserve Bank feature brown seals and serial numbers.

Currency Highlights:

  • All small size $50 Federal Reserve Bank Notes had relatively low numbers printed.
  • Housed in an archival quality currency sleeve.
  • Fine condition with typical wear for the grade.
  • Face: A portrait of President Ulysses S. Grant.
  • Back: Depicts the front facade of the U.S. Capitol Building.

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Jones/Woods signatures—Friedberg #1880-L.

Small size Federal Reserve Bank Notes were printed as an emergency issue in 1933 using the same paper stock as National Bank Notes. They were printed in denominations of $5 through $100. A National Bank Note has a line for the national bank's president's signature. The small size Federal Reserve Bank Note printed a bar over the label for this line since Federal Reserve Banks had governors, not presidents. The wording also was changed to add, "Or by like deposit of other securities" after the phrase, "Secured by United States bonds deposited with the Treasurer of the United States of America". The twelve Federal Reserve Districts also appear on the bills as black alphabetically sequenced letters, from "A" to "L", a system essentially followed today on the $1 bill.

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