Title:

Two Dollar Federal Reserve Note

Description:
The Series 1928 $5 Federal Reserve Note was the first to feature a green Treasury seal. These notes also carried a black seal on the left bearing the identity of the Federal Reserve Bank of issuance (the regional seal is a design facet unique to Federal Reserve Notes, because almost all other types of notes were issued directly by the U.S. Treasury). Since the issuance of these notes predated the Gold Reserve Act of 1933, the obligation clause on the obverse reads, ”REDEEMABLE IN GOLD ON DEMAND AT THE UNITED STATES TREASURY, OR IN GOLD OR LAWFUL MONEY AT ANY FEDERAL RESERVE BANK.” The redemption clause reads, ”THE UNITED STATES OF AMERICA WILL PAY TO THE BEARER ON DEMAND FIVE DOLLARS.” The reverse depicts the Lincoln Memoria

Note that, unlike previous Federal Reserve Notes that used both the district number and district letter to represent the specific bank of issuance, the Series 1928 and 1928A versions of this note used just the distict number (1-12) to represent the specific bank of issuance. Later series (1928B-1928D) used the district letter (A-L) instead.
Country:
United States
Year:
2009
Mintage:
38,400,000
Denomination:
$2.00
Date Added:
2018-06-08 16:55:53
Automatic Estimated Value:
~$12.00
Automatic Estimated Date:
2025-08-15
Date Added:
2018-06-08 16:55:53

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