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The 1928D $5 STAR Legal Tender Note is a highly collectible piece of U.S. currency, issued during a significant period in the country’s financial history. The 1928 series marks a transition in U.S. paper currency, as it was the first series to feature smaller-sized notes, replacing the larger notes that had been in circulation since the late 1800s. The 1928 notes were issued as part of a broader effort to modernize U.S. currency, and the "D" in the serial number indicates that this particular $5 bill was printed at the Denver Bureau of Engraving and Printing. The STAR designation in the serial number indicates that this note was issued as a replacement for a previously misprinted or damaged note, adding an element of rarity and desirability for collectors. With a grade of VF25 PMG, this note has been professionally graded and is recognized as being in Very Fine condition, retaining many of the details that make it an important item for collectors of U.S. paper currency.
The 1928D $5 STAR Legal Tender Note features an intricate design that is representative of the time in which it was issued. The obverse of the note prominently features a portrait of Abraham Lincoln, the 16th President of the United States. Lincoln, who led the nation through the Civil War and is widely regarded as one of the country’s greatest presidents, was a natural choice for inclusion on U.S. currency. The portrait was designed by engraver Charles Burt, who captured Lincoln’s dignified and solemn expression. Flanking Lincoln’s portrait is the word "FIVE" in large, bold letters, with the denomination written out in both English and Roman numerals ("FIVE DOLLARS" and "V"). Above the portrait, the note bears the inscription "THE UNITED STATES OF AMERICA," reinforcing the note’s official status as U.S. legal tender. On the reverse side, the design features the intricate vignettes of the U.S. Treasury building and a large "5" denoting the denomination. The reverse is also detailed with ornate patterns and intricate borders, reflecting the craftsmanship that was typical of U.S. currency during this era. The overall design of the note reflects both the historical significance of the time and the artistic quality of early 20th-century U.S. paper money.
The 1928 series of Legal Tender Notes was issued during a period of economic uncertainty, following the global financial instability caused by the Great Depression. Legal Tender Notes like this one were a part of the U.S. government's effort to provide a stable and trusted currency for the nation’s economy. Legal Tender Notes were not backed by gold or silver, but instead, they were guaranteed by the U.S. government to be accepted as payment for all debts, public and private. The 1928 series marked a transition to smaller-sized notes, which were easier to handle and circulate, as opposed to the larger, cumbersome designs used previously. The 1928D $5 STAR Legal Tender Note, being a part of this series, played an important role in the U.S. monetary system during this challenging period in history. The Denver Mint’s involvement in producing these notes ensures that they are tied to the legacy of the Mint, which has been instrumental in producing U.S. coinage and currency for more than a century.
The mintage of the 1928D $5 STAR Legal Tender Note was significant, with millions of notes being printed to meet the demands of the U.S. economy during the late 1920s and early 1930s. However, the "STAR" designation on this particular note is what makes it especially rare and valuable among collectors. STAR notes were used as replacements for misprinted or damaged notes, and they are typically produced in smaller quantities than regular notes, making them more scarce. The 1928D series, with its STAR notes, represents a particularly sought-after variety of U.S. currency. Collectors often look for STAR notes due to their rarity and the additional challenge they pose when completing sets. While the exact mintage figures for the 1928D STAR notes are not available, it is widely recognized that they are more limited in number compared to standard notes from the same series.
The condition of the 1928D $5 STAR Legal Tender Note, graded VF25 PMG, is important when determining its value in the marketplace. The note has been carefully examined and graded by the Paper Money Guaranty (PMG), one of the leading third-party grading services for paper currency. A grade of VF25 indicates that the note is in Very Fine condition, meaning that it shows moderate wear and some signs of handling, but the overall design remains clear and legible. The note in this condition retains much of its original details, with only minor creases or folds and slight wear along the edges. The VF25 grade is a solid, respectable grade for a note of this age, and while it may not be in perfect, uncirculated condition, it is still a highly collectible piece due to its rarity, historical significance, and the presence of the STAR designation. Notes in higher grades, such as Uncirculated (CU) or Extremely Fine (EF), would command higher prices, but a VF25 grade still represents a well-preserved example of this unique and historically important note.
The 1928D $5 STAR Legal Tender Note’s status as a STAR note and its grade of VF25 PMG make it a highly desirable piece for collectors of U.S. paper currency. As a part of the broader 1928 series, the note offers collectors a tangible connection to a period in American history when the country was facing economic challenges and undergoing significant transitions. The inclusion of Abraham Lincoln’s portrait on the obverse adds an element of historical reverence, as Lincoln’s leadership during the Civil War continues to resonate as one of the most important periods in U.S. history. The note’s design, with its intricate vignettes and attention to detail, reflects the artistic quality of early 20th-century U.S. currency. The fact that it is a STAR note, representing a replacement for a misprinted note, adds a layer of rarity that makes it even more appealing to collectors.
The 1928D $5 STAR Legal Tender Note is not only a piece of U.S. currency but also a part of the nation’s history. Its significance lies in both the historical context of the time in which it was issued and its continued value in the numismatic market. Legal Tender Notes like this one were crucial to the U.S. economy during the Great Depression, and the design of this particular note reflects the country’s desire for stability and trust in its monetary system. The 1928 series also marked a key moment in the evolution of U.S. paper currency, with the transition to smaller-sized notes providing more practical and user-friendly money for the American public. As a STAR note, the 1928D $5 Legal Tender Note remains a highly collectible item, particularly for those with an interest in U.S. currency and the unique history of these rare replacement notes.
In conclusion, the 1928D $5 STAR Legal Tender Note, graded VF25 by PMG, is a valuable and historically significant piece of U.S. paper currency. The note’s design, featuring Abraham Lincoln’s portrait and the intricate reverse elements, reflects the artistic beauty of early 20th-century U.S. money, while the STAR replacement designation adds rarity and desirability. The note’s moderate wear, indicated by its VF25 grade, does not detract from its appeal but instead adds to its authenticity as a piece of history. As part of the broader 1928 series, this note represents an important chapter in the story of U.S. currency, and its rarity as a STAR note ensures that it will remain a prized item for collectors of U.S. paper money for years to come.