Fr. 2210-Hdgs. 1928 Dark Green Seal $1000 Federal Reserve Note. St. Louis. PMG Choice Uncirculated 63.
Firmly outnumbered by their counterparts issued under the Series of 1934 and 1934A, those issued under the Series of 1928 have long been popular with collectors and dealers alike. Featuring a redemption clause above the Federal Reserve district seal promising convertibility into gold on demand, one is left to imagine the awesome purchasing power that this note represented in a world where gold circulated freely and acted as the foundation of the United States Dollar. Just imagine being able to redeem this note for 100 $10 gold eagles at the nearest Federal Reserve Bank and the allure of such a note becomes undeniable to even the novice unfamiliar with even the most basic types or Friedberg Numbers. Never experiencing circulation in its own time, this note likely spent much of its life squirreled away out of sight in a dusty bank vault with periodic handling which left its legacy by way of a single pinhole just left of President Cleveland's portrait that remains difficult to detect unless you happen to know what you're looking for. A bold Dark Green overprint makes for a striking impression against later iterations that only bolsters eye appeal by working in concert with the bright original paper and jet-black engraved details on the face. A true beauty to be had and one sure to see spirted bidding from interested parties vying to add this impressive piece to their own holdings whether they may be a collector or dealer. PMG comments "Closed Pinhole."