-
Inventory:
1 In Stock
- Product ID: 20000
Checkout
The 1929 $100 Federal Reserve Note from Kansas City, MO, is a significant piece of American currency that represents an important era in the nation's economic history. This note was part of the 1929 series, which marked a major shift in U.S. paper money. The 1929 series was the first to feature smaller-sized notes, transitioning from the large-format notes that had been in circulation for decades. These changes were made in part to improve the functionality of the U.S. currency system, making it easier to handle and more resistant to counterfeiting. The $100 bill from Kansas City, in particular, stands out as a notable example of the Federal Reserve’s efforts to modernize and standardize the nation’s currency during a period of economic instability.
The history of the 1929 $100 Federal Reserve Note begins with the establishment of the Federal Reserve System in 1913. The Federal Reserve was created to provide a stable, centralized banking system for the United States, with the power to issue currency and regulate the nation’s money supply. The Federal Reserve Notes, including the 1929 $100 bill, were part of the system's efforts to create a more efficient and secure currency. The Kansas City branch of the Federal Reserve was one of twelve regional banks responsible for issuing these notes. The Federal Reserve Note system replaced the earlier National Bank Notes, which were issued by individual national banks across the country. The 1929 series of notes, including the $100 bill, reflected the Federal Reserve's growing control over the nation’s financial system, especially during the volatile years of the Great Depression.
The design of the 1929 $100 Federal Reserve Note from Kansas City follows the standard features of the 1929 series, which was characterized by a smaller, more compact size compared to the previous large notes. On the obverse of the note, there is a portrait of Benjamin Franklin, one of the most famous figures in American history. Franklin’s likeness is prominently featured, symbolizing the nation’s wisdom and leadership. The note also features the words “THE UNITED STATES OF AMERICA” and “SECRETARY OF THE TREASURY,” along with the denomination “ONE HUNDRED DOLLARS.” The reverse of the note showcases a bold, geometric design, with the large numeral “100” appearing prominently in the center, making it easily recognizable as a $100 bill. The design also includes the Federal Reserve seal and the unique serial numbers for the Kansas City district, identifying the note’s place of issuance. The 1929 $100 bill from Kansas City is a clear example of the modernization of U.S. currency, reflecting the government’s goal of improving the security and usability of paper money.
The 1929 $100 Federal Reserve Note from Kansas City was issued by the Federal Reserve Bank of Kansas City, which was one of the twelve regional banks created under the Federal Reserve Act of 1913. Each Federal Reserve Bank had its own district and was responsible for issuing currency within its designated region. Kansas City’s Federal Reserve district, designated by the letter “E,” was one of the central financial hubs in the Midwest. The Federal Reserve Bank of Kansas City played a key role in managing the money supply and ensuring the stability of the region’s banking system. The 1929 series was printed in large quantities to meet the growing demands of the U.S. economy, but only a limited number of notes remain in circulation today, making surviving examples of the 1929 $100 Federal Reserve Note from Kansas City particularly valuable to collectors.
The mintage of the 1929 $100 Federal Reserve Note from Kansas City is difficult to quantify precisely, but it is known that millions of Federal Reserve Notes were printed during this period. However, the 1929 series was issued at a time when the nation was in the midst of the Great Depression, and many of the notes issued during this time were either destroyed or taken out of circulation. As a result, the number of these notes that remain in good condition is relatively low. The 1929 $100 note from Kansas City, particularly in higher grades, is considered a rare and valuable piece of U.S. currency. Collectors prize these notes for their historical significance and their connection to a pivotal period in U.S. financial history.
The condition of the 1929 $100 Federal Reserve Note from Kansas City is one of the most important factors in determining its value. Coins and paper money are graded based on their physical condition, with notes ranging from “Good” to “Uncirculated.” The note in question, graded VG (Very Good), falls into the category of notes that show signs of significant wear but still maintain their basic structure and legibility. A note in VG condition will typically have noticeable creases, folds, and some signs of discoloration. In the case of this particular note, the VG-grade also includes the detail that there is tape on it, indicating that it has been repaired at some point in its history. This is not unusual for notes that have seen heavy circulation, but it can affect the note’s overall value. A note in Fine or Very Fine condition would show less wear and exhibit sharper features, while notes in Extremely Fine or Uncirculated condition would be much rarer and significantly more valuable. Despite its lower grade, the 1929 $100 Federal Reserve Note from Kansas City remains a collectible item for those interested in U.S. paper money.
The 1929 $100 Federal Reserve Note from Kansas City is a rare and significant piece of U.S. currency that reflects both the historical context in which it was issued and the broader changes occurring within the U.S. banking system. The note’s design, featuring a portrait of Benjamin Franklin, symbolizes the country’s continued commitment to financial strength and stability, even during times of economic uncertainty. The 1929 series represents a transition from the National Bank Note system to the Federal Reserve Note system, marking a critical point in the history of American currency. The Federal Reserve Bank of Kansas City played a crucial role in this transition, and notes from its district are highly sought after by collectors.
In conclusion, the 1929 $100 Federal Reserve Note from Kansas City is a piece of U.S. currency with historical significance, rarity, and value. While the note may show signs of wear and have been repaired with tape, it remains an important example of American numismatic history. The design of the note, the role of the Federal Reserve Bank of Kansas City, and the overall rarity of these notes make them highly collectible. The 1929 $100 Federal Reserve Note is a valuable addition to any collection of U.S. paper money and an enduring symbol of the country’s economic resilience during a challenging period in its history.