-
Inventory:
2 In Stock
- Product ID: 19992
Checkout
The 1929 $100 Federal Reserve Note from New York, designated with the Federal Reserve District letter "A," is a notable piece in the history of American currency. This note represents a significant era in U.S. monetary history when the Federal Reserve System was still in its formative years. The 1929 series was issued during a period of transition in American finance, as the country was recovering from the effects of the Great Depression. The $100 Federal Reserve Note is a prime example of the changes made to U.S. currency during this period and offers a glimpse into the design and security features of early 20th-century paper money.
The 1929 $100 Federal Reserve Note is distinguished by its compact size compared to earlier large-sized notes. This change was part of the overall currency reform that aimed to modernize and standardize American paper money. The redesign was initiated to combat counterfeiting and to improve the durability of the notes. The smaller size of the 1929 series notes, including the $100 denomination, reflects these advancements and represents a significant shift from the previous large-size notes issued by the U.S. Treasury.
The design of the 1929 $100 Federal Reserve Note features a portrait of Benjamin Franklin, one of the Founding Fathers of the United States, whose likeness has been a prominent feature on the $100 bill since the series was first introduced. The portrait is rendered in a style that combines traditional elements with the newer design standards of the 1929 series. Franklin's image is framed by ornate border designs that include intricate patterns and details, contributing to the note's overall aesthetic appeal. The note also includes various security features and design elements that were advanced for its time, such as the use of colored inks and complex patterns to deter counterfeiting.
The reverse side of the 1929 $100 Federal Reserve Note displays an elaborate vignette of the Federal Reserve Bank of New York, representing the institution responsible for issuing the note. This vignette is set against a background of finely detailed patterns that enhance the note's visual complexity. The overall design reflects the Federal Reserve's role in the U.S. monetary system and showcases the importance of the New York district in the Federal Reserve System.
The 1929 $100 Federal Reserve Note was issued in relatively large quantities compared to other denominations, but its status as a collectible item is influenced by various factors including its historical significance, design, and condition. The mintage of this note is substantial, yet the rarity and value are often determined by the specific characteristics of each individual note. Collectors pay close attention to factors such as serial numbers, signatures, and the general condition of the note when assessing its value. As such, even within the same series, there can be considerable variation in value based on these characteristics.
The condition of a 1929 $100 Federal Reserve Note significantly impacts its value and collectibility. The note in question is described as Fine to Very Fine (F-VF), indicating that it is in relatively good condition, with visible signs of wear and handling but without major damage. In Fine condition, the note will have clear and legible printing, though it may exhibit creases, folds, and minor staining. In Very Fine condition, the note will be closer to its original state with less pronounced creases and more crisp and clear details. The quality of the paper and the presence of any repair or restoration work also influence the note's overall grade and market value.
Overall, the 1929 $100 Federal Reserve Note from New York is a valuable piece of American currency history, reflecting the design and security features of the period while commemorating a key figure in U.S. history. Its place in the broader context of Federal Reserve notes makes it an important collectible for numismatists and history enthusiasts alike. The combination of its historical significance, unique design, and condition factors contribute to its status as a sought-after item in the world of currency collecting.