1928 $500 FRN St. Louis Fr#2200-Hdgs Dark Green Seal PMG AU53 Minor Repairs

Product Description

A Series of 1928 $500 Federal Reserve Bank of St. Louis Fr#2200-Hdgs (Dark Green Seal) (GA Block) with signatures Woods/Mellon and Serial # H00030216A graded Choice About Uncirculated 53 (AU-53) by PMG. This note displays a nice white paper color, a light corner fold visible in the top right obverse margin, minor repairs visible on the top margin and fair margins. The total # of bills printed for this series: 66,180. Please view our photos for additional information and ask any questions prior to purchase.

Federal Reserve Notes otherwise referred to as United States banknotes are banknotes used primarily in the United States of America and are denominated using the United States dollar (USD). Official legislation enacted by Congress known as the Federal Reserve Act of 1913 established the Federal Reserve System in addition to a centralized banking system. In effect, the ability to issue Federal Reserve Notes as legal tender was created. Prior to the formation of centralized banking, commercial banks issued their own notes. The first institution that acted as a central bank was the First Bank of the United States and was charted by Alexander Hamilton in 1791.