Catalog
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| Issuer | Federal Reserve System |
|---|---|
| Year | 1928 |
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| Composition | Log in to see details |
| Size | 156 x 67 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | FEDERAL RESERVE NOTE THE UNITED STATES OF AMERICA REDEEMABLE IN GOLD ON DEMAND AT THE UNITED STATES TREASURY, OR IN GOLD OR LAWFUL MONEY AT ANY FEDERAL RESERVE BANK TEN WASHINGTON, D.C. WILL PAY TO THE BEARER ON DEMAND TEN DOLLARS HAMILTON SERIES OF 1928 |
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| Variants | P#421a(1) - series 1928A (A/1 - L/12) signatures: Woods & Mellon seal color: forest green P#421a(2) - series 1928A (A/1 - L/12) signatures: Woods & Mellon seal color: transitional green P#421b(1) - series 1928B (A/1 - L/12) signatures: Woods & Mellon seal color: forest green P#421b(2) - series 1928B (A/1 - L/12) signatures: Woods & Mellon seal color: transitional green P#421b(3) - series 1928B (A/1 - L/12) signatures: Woods & Mellon seal color: yellow green P#421c - series 1928C (B/2, D/4, E/5 & G/7) signatures: Woods & Mills seal color: yellow green |
| Comments |
The 1928 series marked the Federal Reserve System's transition to the small-size format that remains in use today, replacing the large-size notes that had circulated since 1861. These early small-size notes retained the large, bold "TEN" on the reverse — a carry-over design choice that was quietly dropped in subsequent series in favor of a more restrained layout.
The seal color variations across 1928A and 1928B are not random production drift. The shift from forest green through transitional to yellow-green reflects deliberate ink formula changes at the Bureau during these years, and the transitional examples — printed during the changeover — are genuinely intermediate in appearance, making consistent attribution a headache. The 1928C is the scarcest of the three series by a considerable margin, with confirmed district pairings limited to just four of the twelve Federal Reserve banks.