Fr. 2200-Gdgs. 1928 Dark Green Seal $500 Federal Reserve Note. Chicago. PMG Choice About Uncirculated 58.
A handsome note and one that likely never circulated in any actual capacity. This note is representative of a denomination that hasn't been produced since the 1940s and one that has been subject to strong demand from collectors and dealers alike in recent decades. Issued under the Series of 1928, this note features the all-important "REDEEMABLE IN GOLD ON DEMAND" clause which reflects a bygone era when gold coins circulated freely in daily commerce. Just imagine exchanging this note for 100 $5 Half Eagles and you'll understand why this series has been a mainstay of popularity and demand in recent years.
Estimate: $4000.00- $6000.00
Price realized | 3'600 USD |
Starting price | 2'400 USD |