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The 1928A $100 Federal Reserve Note is a fascinating piece of American currency, valued both for its historical significance and its intricate design. Issued during a period of significant economic change in the United States, this note represents a time when the nation was transitioning from the Roaring Twenties into the Great Depression. Collectors and historians alike cherish these notes for their glimpse into a pivotal era in American history.
The history of the 1928A $100 Federal Reserve Note is deeply intertwined with the broader economic landscape of the late 1920s and early 1930s. The 1928 series marked the first time that U.S. currency was standardized to the small-size format that is still in use today. This change was part of an effort to make banknotes more manageable and less costly to produce. The transition from large-size notes, which had been used since the Civil War, to the smaller size was significant and marked a new era in American paper money.
The obverse of the 1928A $100 Federal Reserve Note features a portrait of Benjamin Franklin, one of the Founding Fathers of the United States, renowned for his contributions as a statesman, inventor, and philosopher. Franklin's likeness on the $100 note underscores his importance to American history and his lasting legacy. Surrounding Franklin’s portrait are intricate designs, including an ornate frame and detailed border work that exemplify the artistry of early 20th-century engraving. The words "Federal Reserve Note" are prominently displayed above Franklin's portrait, along with the denomination "100" in all four corners.
The reverse side of the note showcases an image of Independence Hall in Philadelphia, Pennsylvania, an iconic symbol of American independence where both the Declaration of Independence and the U.S. Constitution were debated and adopted. The depiction of Independence Hall is detailed and precise, capturing the architectural beauty of this historic building. The denomination "100" is again featured in all four corners, and the words "The United States of America" and "One Hundred Dollars" are prominently displayed, reinforcing the note's value and origin.
The 1928A series of $100 Federal Reserve Notes was issued by the Federal Reserve Banks, which serve as the central banking system of the United States. Each note bears the seal of the issuing Federal Reserve Bank, adding another layer of detail and authenticity to the design. The seal is typically located to the left of Franklin's portrait, and the note also includes the signatures of the Treasurer of the United States and the Secretary of the Treasury. These signatures further authenticate the note and are an essential feature for collectors verifying the note's legitimacy.
The mintage of the 1928A $100 Federal Reserve Note, like other currency issues, is not as precisely documented as coinage mintage figures. However, these notes were printed in substantial quantities to meet the needs of the growing U.S. economy during the late 1920s. The notes were distributed through the 12 Federal Reserve Banks located across the country, each serving a specific region. Despite the large numbers originally printed, many notes were withdrawn from circulation over the years due to wear and damage, making well-preserved examples more valuable today.
The condition of a 1928A $100 Federal Reserve Note plays a critical role in its value. Notes classified as "Fine" condition exhibit moderate signs of circulation, including noticeable creases, folds, and some minor soiling. Despite these signs of wear, a note in Fine condition retains its overall structural integrity and all design elements remain clearly visible. The paper may be somewhat limp and have small tears at the margins, but it should not have any significant tears or missing pieces. Collectors often seek notes in this condition as they are more affordable than uncirculated examples while still offering a clear representation of the note’s historical and artistic value.
Collecting 1928A $100 Federal Reserve Notes offers a tangible connection to a transformative period in American history. These notes were used during a time of economic boom and subsequent bust, serving as silent witnesses to the financial turmoil and resilience of the American economy. For numismatists and currency collectors, owning a piece of this history is both a privilege and a responsibility, preserving the legacy of an era for future generations to appreciate and study.
The 1928A $100 Federal Reserve Note remains a sought-after collectible due to its historical significance, artistic design, and the stories it tells about America's past. From the elegant portrait of Benjamin Franklin to the iconic depiction of Independence Hall, this note encapsulates key elements of American identity and heritage. Whether acquired for its historical value, aesthetic appeal, or investment potential, the 1928A $100 Federal Reserve Note is a remarkable piece of numismatic history that continues to captivate collectors and enthusiasts alike.