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The 1928A $100 Federal Reserve Note is a significant piece of American currency that reflects the historical context of its time, the artistry of its design, and the unique features associated with the series. Graded XF (Extremely Fine), this note represents an era in U.S. monetary history that was marked by economic challenges and a transitional phase in currency production. The $100 bill has long served as a symbol of wealth and economic power in the United States.
The history of the $100 Federal Reserve Note dates back to its early issues, which were first introduced during the Civil War era to help finance the war. However, the 1928 series marked a crucial turning point in U.S. currency design and functionality. In 1929, the U.S. Treasury undertook a comprehensive redesign of the nation's paper currency, resulting in a standardized size and format for all denominations. The 1928A series was a continuation of this redesign, which aimed to modernize the currency and enhance its security features, making it less susceptible to counterfeiting.
The introduction of the 1928A series came at a time when the United States was grappling with the aftermath of the Great Depression. The need for a stable and reliable currency was paramount, and the Federal Reserve sought to reinforce public confidence in the financial system. The 1928A $100 note was printed to meet the increasing demands of commerce and economic activity, as it played a crucial role in facilitating large transactions during a time of recovery.
The design of the 1928A $100 Federal Reserve Note prominently features a portrait of Benjamin Franklin on the obverse side. Franklin, a Founding Father, inventor, and diplomat, is an enduring symbol of American ideals and innovation. His likeness has been associated with the $100 bill since the late 1920s, serving as a reminder of the nation's commitment to progress and freedom. The obverse design includes the inscriptions "THE UNITED STATES OF AMERICA" and "ONE HUNDRED DOLLARS," clearly indicating the note's value. Additionally, the Federal Reserve Bank seal and the Treasury seal are displayed, confirming the note's backing by the U.S. government.
On the reverse side, the design features a depiction of Independence Hall, the historic building in Philadelphia where the Declaration of Independence was adopted. This architectural representation reinforces the importance of the nation’s founding principles and serves as a symbol of American democracy. The reverse design is simple yet elegant, with the denomination "100" prominently displayed in large numerals, ensuring that it can be easily recognized in transactions. The overall design reflects the artistic craftsmanship of the Bureau of Engraving and Printing, which has been responsible for producing U.S. currency since its establishment in 1862.
The 1928A $100 Federal Reserve Note was minted by the Bureau of Engraving and Printing, known for its high-quality currency production standards. The Bureau utilized advanced printing techniques and skilled craftsmanship to create a note that not only met the functional needs of the economy but also showcased intricate design elements. The 1928A series incorporated various security features designed to combat counterfeiting, such as intricate engravings, specific ink formulations, and the distinctive blue seal.
In terms of mintage, the 1928A $100 Federal Reserve Notes were produced in significant quantities to meet the demands of the economy during the late 1920s. However, the exact mintage figures for this specific series can be difficult to determine, as these notes were issued by individual Federal Reserve Banks across the country. The survival rate of these notes, particularly in higher grades like XF, is relatively low due to the extensive use of $100 bills in commerce. Many have been circulated extensively, leading to a scarcity of well-preserved examples.
The significance of the 1928A $100 Federal Reserve Note extends beyond its monetary value. It serves as a historical artifact that connects collectors to a transformative period in American history characterized by economic recovery and reform. This note embodies the resilience of the American banking system and the transition to a modern currency format. Collectors appreciate this note not only for its artistic design but also for the story it tells about the evolution of U.S. currency during a pivotal time in the nation’s economic landscape.
Additionally, the 1928A $100 Federal Reserve Note has gained recognition among collectors for its unique design features and historical importance. The imagery of Benjamin Franklin and Independence Hall resonates deeply with many Americans, evoking a sense of national pride and connection to the country’s foundational principles. The combination of artistic merit, historical significance, and the limited survival rate of these notes contributes to their desirability among collectors.
Graded XF, this note exhibits minimal signs of wear and retains much of its original detail and beauty. This condition is highly sought after in the numismatic market, as collectors often look for notes that have been well-preserved over time. The inclusion of the yellow-green seal and the overall craftsmanship of the note further enhance its appeal in the collector's market, making the 1928A $100 Federal Reserve Note a prized possession for those interested in American currency.
In conclusion, the 1928A $100 Federal Reserve Note is a remarkable piece of American currency that highlights the historical and economic significance of the late 1920s. With its exquisite design, rich historical context, and connection to the legacy of U.S. paper money, this note stands as a testament to the craftsmanship of American currency production and the enduring allure of collectible paper money. By acquiring this note, individuals gain not only a valuable piece of history but also a tangible representation of their appreciation for America’s financial heritage. As a collectible, the 1928A $100 Federal Reserve Note continues to be sought after by enthusiasts and investors alike, encapsulating a critical chapter in the story of American resilience and innovation.