We are pleased to offer for sale this Ten Dollar Bill Green Seal FRN Series 1928 US Currency Good or Better. These $10 Green Seal FRNs are nice original bills which grade good or better. These $10 Green Seal Federal Reserve Notes are Series 1928, 1928 A, B, or C (our pick). Each bill comes in a currency sleeve for protection. These $10 Green Seal Federal Reserve Notes will make a nice addition to any currency collection!
Information on these Federal Reserve Note Series 1928 Ten Dollar Bills:
Series 1928 Federal Reserve Notes came in vivid green, dark green, and green seals. On all bills the obverse features a cropped version of Alexander Hamilton's portrait. Hamilton was the first U.S. Secretary of Treasury and one of two non-presidents still featured on U.S. Currency today (Benjamin Franklin is the other). The reverse of the bill features the US Treasury with a car parked out front resembling a Model-T. Series 1928 $10 Federal Reserve Notes can be distinguished from future series by the obligation statement. Series 1928's obligation statement includes the words "IN GOLD" which was changed to "IN LAWFUL MONEY" after the series because of the US being taken off the gold standard.
What is a Federal Reserve Note?
Federal Reserve Notes are United States Currency also known as Greenbacks, Feds, or FRNs. Federal Reserve Notes were authorized by an Act of Congress, December 23, 1913. Federal Reserve Notes are the main currency that we use today. All Federal Reserve Notes can be distinguished by their green seals. Federal Reserve Notes are obligations of the United States and are a first lien on the assists of the issuing Federal Reserve Bank. These notes are also secured by a pledge of collateral equal to the face value of the note. The collateral consists of one of the following assets: 1) Gold Certificates, 2) Special Drawing Right Certificates, 3) United States Government Securities, or 4) "eligible paper" as described by the statue.
Federal Reserve Notes are currently issued in denominations of $1, $2, $5, $10, $20, $50, and $100. The Department of the Treasury discontinued issuance of $500, $1,000, $5,000, and $10,000 Federal Reserve Notes on July 14, 1969 because of a lack of demand.
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