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1928-B Fed Reserve $5.00 Gold Note

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 Posted 10/28/2015  07:06 am  Show Profile   Bookmark this reply Add davec13 to your friends list
If it's a 1928 B it's a FR-1952. It's not a gold note per se, but it has the clause written in at the top saying "redeemable in gold on demand at the United State treasury or in gold or lawful money at any Federal reserve bank". This is when money was still backed by gold, so the clause was on every bill printed. A few years later we withdrew from the gold standard and the bills started to have a new clause printed saying what it basically says currently "this note is legal tender for all debts public and private".

As far as value goes they could be worth face to hundreds to thousands of dollars depending on too many factors to even list. For example there are light seal and dark seal version, condition, serial number, star notes, ect. If you can post a picture I'm sure someone here can give you a better idea on price.
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 Posted 10/28/2015  10:15 am  Show Profile   Bookmark this reply Add lettow to your friends list
Just to be clear. This is a $5.00 Federal Reserve Note that was redeemable in gold. That does not make it a Gold Certificate.
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 Posted 10/28/2015  12:37 pm  Show Profile   Bookmark this reply Add CalzoneManiac to your friends list
There were no $5 Gold Certificates printed. Only $10 and up...
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 Posted 10/28/2015  1:15 pm  Show Profile   Bookmark this reply Add barryg to your friends list
As davec13 mentioned, the OP was referring to a note similar to the following:

1928-B--Fed-Reserve--$5.00-Gold-Note

The obligation clause on the obverse reads, "REDEEMABLE IN GOLD ON DEMAND AT THE UNITED STATES TREASURY, OR IN GOLD OR LAWFUL MONEY AT ANY FEDERAL RESERVE BANK."

That doesn't make it a "gold certificate" or a "gold note." It's a Federal Reserve Note that is redeemable in gold.
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 Posted 10/28/2015  1:20 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list
I appreciate the feedback. I learned something new today

I admit that I'm not much into collecting paper money. But I will save unusual or older bills. Most of my bills have been stashed for many years.



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 Posted 10/28/2015  1:35 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list
Barryg, That's the bills. Thanks a lot

Mayflower, Great info very helpful pdf
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 Posted 10/28/2015  3:53 pm  Show Profile   Bookmark this reply Add barryg to your friends list
My pleasure! That note, btw, is from my own collection.

If you're curious as to value, a 1928B in average condition might be worth $8-$20, while one in mint condition might be worth around $50-70. Now, if it had been a 1928C or a 1928D, you'd be talking serious money (especially the 1928D which can be worth thousands of dollars in mint condition).
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 Posted 10/28/2015  4:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Or a '28B LGS (Richmond)! Then you'd really have something.
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 Posted 10/28/2015  6:13 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list
Barryg, coinfrog,

Whats the LGS mean?

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 Posted 10/28/2015  6:20 pm  Show Profile   Bookmark this reply Add davec13 to your friends list
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 Posted 10/28/2015  7:37 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list
Not my Lucky day for the LGS. Darn!! Very easy to tell with the collection pic`s you sent.
Thanks Davec13 and other CCF members for the help

My note is: 1928-B Dark Blue-Green seal. Fed Reserve of Richmond Va #5
Serial # E-11256920-A
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 Posted 10/28/2015  9:26 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list

Quote:
I learned something new today

That makes two of us. Just another example of why CCF is such an outstanding resource.
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 Posted 11/03/2015  10:06 pm  Show Profile   Bookmark this reply Add andysnovell to your friends list
Hi, everyone. I am new to the forum. Came across it by chance. I was a member years ago. Anyway, does anyone have an idea what the run was for the "gold version" of the note?

1928-B--Fed-Reserve--$5.00-Gold-Note
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 Posted 11/04/2015  6:12 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Andy - according to Schwartz and Lindquist, it was 29,010,354 (for the dark green seal 1928B $5 FRN that you show).
Edited by Coinfrog
11/04/2015 6:20 pm
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 Posted 11/04/2015  6:21 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
And of course -

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