1928A United States $50 Federal Reserve Note Minneapolis PMG 64CU Very Scarce
This 1928A $50 Federal Reserve Note from the Minneapolis district (Fr. 2101-I) is a scarce and highly desirable example of early small-size U.S. currency. Graded PMG Choice Uncirculated 64, this note exhibits near-Gem quality with strong eye appeal. The overprint, featuring bold Treasury seal and serial numbers, remains sharp and well-defined, enhancing its collectibility.
Historical Significance
Issued during the early years of the small-size Federal Reserve Note era, the 1928A series represents a pivotal moment in U.S. monetary history. These notes retained the classic design of their larger counterparts but were adapted to the more compact format introduced in 1928. The Minneapolis district (identified by the "I" Federal Reserve Bank designation) is one of the scarcer issuing banks, making this note even more challenging to find in high grades.
Design and Features
- Obverse: Features a portrait of Ulysses S. Grant, the 18th President of the United States, at the center. The Federal Reserve Bank of Minneapolis is designated by the black "I" seal to the left of the portrait.
- Reverse: Displays an intricate vignette of the U.S. Capitol, symbolizing the strength and stability of the federal government.
- Coloration: Traditional green and black ink with red and blue security fibers embedded in the high-quality paper.
- Serial Number and Overprint: This note is distinguished by a bold overprint, with deep black ink used for the Treasury seal, district seal, and serial numbers.
Collector’s Value
This PMG Choice Uncirculated 64 note is a fantastic find for collectors specializing in early Federal Reserve Notes. Minneapolis district issues are known for their relative scarcity, especially in high grades. The strong embossing, crisp margins, and well-preserved paper quality contribute to its premium status among numismatic enthusiasts. Whether for investment or historical appreciation, this near-Gem example of a 1928A $50 FRN is a prized addition to any collection.
