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Very Fine $500 Federal Reserve Note!
The $500 denomination dates back to the Civil War when the notes were large size (approx. 7.375 X 3.125 inches). The notes were reduced to their current size and issued in 1928. The obverse of this 1928 series bill features a central portrait of President William McKinley. The words "UNITED STATES OF AMERICA" and “FIVE HUNDRED DOLLARS" are printed on the reverse. 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 clause in the obligation.
This particular Federal Reserve Note is from the St. Louis district, which is a tougher district, with just 66,1800 notes printed. The serial number is H00002940A. This note has the body of an Extra Fine example, but due to the aging, and 2 small holes in the portrait, we call it net Very Fine and have priced it accordingly. This note has a Friedberg number of 2200-H.
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