633

1928 $5 Minneapolis Green Seal Fed Res Note Grades f+

Currency:USD Category:Coins & Paper Money Start Price:20.00 USD Estimated At:NA
1928 $5 Minneapolis Green Seal Fed Res Note Grades f+
By registering to bid or placing a bid you agree to be bound by all of these terms & conditions and any other announced terms and conditions of sale or rules of the site.

All lots are sold “AS-IS” and All sales are Final. No credit card charge backs will be accepted, No Exceptions.
1928 $5 Minneapolis Green Seal Fed Res Note Grades f+. Series of 1928 five dollar green seals are sometimes called numeral notes. This is because the black seal on the left hand side of the note contains a number (1 Ð 12) which represents the issuing Federal Reserve Bank. Series of 1928 green seal five dollar bills were signed by H.T. Tate as the Treasurer of The United States and by A.W. Mellon as the Secretary of the Treasury. 1928 five dollar bills are special because they were redeemable in gold. They read ÒRedeemable In Gold On Demand At The United States Treasury, Or In Gold Or Lawful Money At Any Federal Reserve Bank.Ó The above phrase is known as the gold clause. This phrase does not make 1928 Federal Reserve note five dollar bills also gold certificates. Gold certificates have a gold seal and were not even printed for the five dollar denomination in 1928. All series of 1928 Federal Reserve notes were printed in Washington DC. They feature a portrait of Abraham Lincoln and show the Lincoln Memorial on the back. They have a green seal on the right and green serial numbers. Remember that ÒIn God We TrustÓ didnÕt start until 1956. Therefore no 1928 notes ever have that motto on them. This is the Minneapolis Federal Reserve Bank. A rarer, sought after and hard to find example.