1928 (I-Minneapolis) $500 FRN AU (Fr#2200-I)
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Currency Highlights:
Protect your product from fingerprints by adding these cotton gloves to your order.
Federal Reserve Notes are a great part of history that can easily be added to any collection. Add these great conversation pieces to your cart today!
Series 1928 Federal Reserve Notes were the last to be backed by gold as their redemption wording states, "Redeemable in Gold on Demand at the United States Treasury, or in Gold or Lawful Money at any Federal Reserve Bank." No Federal Reserve Notes after the 1928 series has carried this clause in its obligation.
Small size $500 Federal Reserve Notes were printed for three different series: 1928, 1934 and 1934-A. There are a total of 35 different series/district combinations available. That is 12 different districts from all three series, with the exception of Series 1934-A Boston $500s, where none were printed.
Although they are still technically legal tender in the United States, high-denomination bills were last printed on December 27, 1945 and officially discontinued on July 14, 1969 by the Federal Reserve System supposedly due to "lack of use."
This $500 Federal Reserve Note is from the 1928 series issued by the Minneapolis district, which is more desirable due to the lower number of notes printed. The 1928 series notes are much harder to find than their 1934 counterparts.
Currency Highlights:
- Second highest denomination used in circulation.
- Attractively housed in a Capital Plastics currency holder.
- Graded Almost Uncirculated.
- Only 34,680 notes printed.
- Signatures: Woods/Mellon—Friedberg #2200-I.
- Face: Features a portrait of President William McKinley.
- Back: Displays the denomination.
Protect your product from fingerprints by adding these cotton gloves to your order.
Federal Reserve Notes are a great part of history that can easily be added to any collection. Add these great conversation pieces to your cart today!
Series 1928 Federal Reserve Notes were the last to be backed by gold as their redemption wording states, "Redeemable in Gold on Demand at the United States Treasury, or in Gold or Lawful Money at any Federal Reserve Bank." No Federal Reserve Notes after the 1928 series has carried this clause in its obligation.
Small size $500 Federal Reserve Notes were printed for three different series: 1928, 1934 and 1934-A. There are a total of 35 different series/district combinations available. That is 12 different districts from all three series, with the exception of Series 1934-A Boston $500s, where none were printed.
Although they are still technically legal tender in the United States, high-denomination bills were last printed on December 27, 1945 and officially discontinued on July 14, 1969 by the Federal Reserve System supposedly due to "lack of use."
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