1928 (7-Chicago) $5.00 FRN Fine (Fr#1950-G)

Currency Highlights:

• 1928 Series $5.00 Federal Reserve Note from the Chicago Federal Reserve District.
• Housed in an archival quality currency sleeve.
• Fine condition.
• The last series of notes to bear numerals for the Federal Reserve Districts.
• An interesting aspect of the Federal Reserve Notes from 1928 is that 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 Note since 1928 has carried this redemption.

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The 1928 Series Federal Reserve Notes are a fascinating piece of history for collectors. These notes were among the first small-size U.S. currencies, introduced to replace larger notes as part of a cost-saving redesign. They often feature the "Redeemable in Gold" clause, a reminder of the U.S. gold standard era, making them significant relics of economic history. Their intricate designs, including unique red or green Treasury seals depending on the type, reflect the artistry of early 20th-century engraving. Collecting these notes offers a tangible connection to the past, allowing enthusiasts to explore the financial and cultural shifts of the Great Depression and beyond.