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The Series of 1928 was the first issue of small-size currency printed and released by the U.S. government. These notes, first released to the public on July 10, 1929, were the first standardized notes in terms of design and characteristics, featuring similar portraits and other facets. [ 1 ]
In 1882, the note was issued as a gold certificate. In 1928 the treasury began to issued small-size bills and the $1,000 denomination featured US President Grover Cleveland. The small-size was issued in 1928 and 1934. [4] Examples of $1000 bills are valued by collectors and they regularly sell for more than their face value. [4]
Beginning with the 1928 series, the size of the bill was reduced to the small-size variety measuring 6.14 in (156 mm) by 2.61 in (66 mm). The series 1918 version's obverse includes text ("Federal Reserve Note" and "The United States of America will pay to the bearer on demand ten thousand dollars") and a portrait of the former Treasury ...
According to Old Money Prices, a paper currency collector, a $1,000 bill printed in 1928 with a gold seal could be worth over $20,000, if in uncirculated condition. ... Printed in 1928, this ...
Series 1928 was the first series of modern, small-sized notes issued. Since then, the series year has been changed when there is a major design change to a bill; a minor design change is indicated by a letter suffix being added to the series year.
Gold certificates, along with all other U.S. currency, were made in two sizes—a larger size from 1865 to 1928, and a smaller size beginning with the series of 1928. The backs of all large-sized notes (and also the small-sized notes of the Series of 1934) were orange, resulting in the nickname "yellow boys" or "goldbacks".
[5] [6] In 1928, all United States bank notes were re-designed and the size reduced. [7] The small-size silver certificate (1928–1964) was only regularly issued in denominations of $1, $5, and $10. [8] The complete type set below is part of the National Numismatic Collection at the Smithsonian's National Museum of American History.
The United States five-hundred-dollar bill (US$500) (1861–1945) is an obsolete denomination of United States currency. It was printed by the US Bureau of Engraving and Printing (BEP) beginning in 1861 and ending in 1945. Since 1969 banks are required to send $500 bills to the United States Department of the Treasury for destruction.