-
Inventory:
1 In Stock
- Product ID: 14100
Checkout
The 1928A $10 Federal Reserve Note in Fine condition is a fascinating piece of U.S. paper money from the earliest era of small-size currency. The Series of 1928 marked the transition from the oversized “horse blanket” notes of earlier decades to the modern dimensions still used today, measuring 6.14 by 2.61 inches. The “A” series designation indicates a minor revision to the original 1928 issue, involving changes in the Treasury officials’ facsimile signatures. These notes were printed during the late 1920s and early 1930s, a period of both prosperity and deep economic crisis, and they carry added historical weight as representatives of the final years of gold-backed Federal Reserve Notes.
The obverse design features a finely engraved portrait of Alexander Hamilton, the first Secretary of the Treasury, whose role in establishing the nation’s financial system makes his likeness fitting for the $10 denomination. Hamilton’s right-facing bust is the centerpiece, flanked by inscriptions and design elements. The words “FEDERAL RESERVE NOTE” appear at the top, while “THE UNITED STATES OF AMERICA” and “TEN DOLLARS” are displayed below. A black Federal Reserve Bank seal identifying the issuing district appears to the left of the portrait, while the green Treasury seal occupies the right. Serial numbers, also printed in green, appear twice on the face of the note. Large “10” numerals in the corners and the denomination spelled out in full ensure clarity for everyday transactions.
The reverse of the 1928A $10 Federal Reserve Note showcases an elegant engraving of the U.S. Treasury Building in Washington, D.C. Its neoclassical architecture, complete with columns and balanced proportions, symbolizes permanence and fiscal authority. The inscription “THE UNITED STATES OF AMERICA” appears above the vignette, while “TEN DOLLARS” is boldly displayed below. Large “10” numerals are placed in each corner to reinforce the denomination. The clean, symmetrical design reflects the Bureau of Engraving and Printing’s emphasis on both practicality and artistry in this transitional era of American currency.
A defining characteristic of the 1928 and 1928A series was their explicit connection to the gold standard. These notes carried the promise: “Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank.” This clause linked the paper directly to precious metal reserves, giving it tangible backing that inspired confidence among the public. The promise of gold redemption was removed in 1933, when the United States abandoned the domestic gold standard during the Great Depression. As such, the 1928A series represents one of the final issues of American currency with a direct legal tie to gold, greatly enhancing its historical significance.
The 1928A $10 Federal Reserve Notes were printed for all 12 Federal Reserve districts, identified by letters A through L. While the series was widely issued, survival varies by district, with some districts being more common than others. The notes circulated heavily, especially during the Depression years, and many surviving examples are found in lower grades. Higher-grade survivors are considerably scarcer and more expensive, while Fine examples remain accessible for collectors seeking an affordable entry into this historically important series.
In Fine condition, a 1928A $10 note shows clear evidence of circulation, with multiple folds, creases, and soiling. The paper may be soft or slightly limp, and corners are often rounded from handling. Minor edge splits or small tears may be present, though they do not detract from the overall integrity of the note. The portrait of Hamilton remains visible, though softened, while the Treasury Building on the reverse retains enough detail to be identifiable. The seals and serial numbers are still legible, though not crisp. While lacking the sharpness of higher-grade examples, a Fine note offers plenty of character and represents how these notes appeared in everyday commerce.
For collectors, the 1928A $10 Federal Reserve Note in Fine condition provides an affordable yet historically rich collectible. While heavily circulated, such notes still retain their essential design features and their gold clause, which is one of the most attractive aspects of the series. Collectors of type notes, Depression-era currency, or gold-backed notes often prize 1928 and 1928A issues as essential parts of a U.S. currency collection. District rarity, star notes, or unusual serial numbers can add significant premiums even in this condition.
The broader significance of the 1928A series lies in its role during one of the most pivotal decades in American financial history. Issued just before the Great Depression and circulating during its height, these notes represent both the optimism of the 1920s and the hardships of the 1930s. Their connection to the gold standard and their survival through a turbulent economic era make them tangible links to America’s shifting monetary policies and everyday struggles during this period.
In conclusion, the 1928A $10 Federal Reserve Note in Fine condition is a historically important piece of early small-size U.S. currency. Featuring Alexander Hamilton on the front, the U.S. Treasury Building on the back, and a gold redemption clause tying it to precious metals, it captures both the artistry and economic realities of its time. Though worn from circulation, a Fine example retains its identity and historical value, offering collectors an affordable way to own a note from the last era of gold-backed Federal Reserve Notes. For those interested in Depression-era artifacts, Federal Reserve district sets, or the evolution of American money, the 1928A $10 note is a rewarding and meaningful addition.
