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5000 Dollars Federal Reserve Note, 'Redeemable in Gold'

Uitgever Federal Reserve System, United States
Jaar 1928
Type Standard circulation banknote
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Beschrijving voorzijde Central intaglio vignette of President James Madison in three-quarter portrait, his name inscribed on the cartouche below. The denomination 5000 appears in large numerals at all four corners against an intricate green and black guilloche underprint. A circular Federal Reserve district seal with the letter 'J' appears to the left of the portrait, flanked by the gold redemption clause in small letterpress text, while an ornate Treasury seal is positioned to the right. Two facsimile signatures appear at the lower margin, with 'WASHINGTON, D.C.' and 'SERIES OF 1928' inscribed beneath the portrait.
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Beschrijving keerzijde Printed entirely in green, the reverse is dominated by a central oval guilloche medallion enclosing the numeral 5000 in bold intaglio, flanked by two large rectangular denomination panels bearing '5000' on the left and right. Elaborate scrollwork and lathe-work fill the surrounding field, with symmetrical ornamental vignettes in each corner. The inscriptions 'THE UNITED STATES OF AMERICA' arc across the top and 'FIVE THOUSAND DOLLARS' runs along the lower margin.
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Opmerkingen

The 1928 series reduced large-denomination notes to the smaller format that remains standard today, but the $5,000 was never meant for ordinary commerce. These moved between Federal Reserve banks to settle interbank balances — a function largely invisible to the public. Fewer than ten examples are known to survive, making this among the rarest legal-tender instruments ever issued by the United States government.

The "Redeemable in Gold" clause was stripped from Federal Reserve notes in 1933 when Roosevelt suspended the gold standard domestically, rendering this specific obligation obsolete on surviving examples almost immediately after issue.

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