My US Bank Note Type Set

Very nice collection Halder!! very nice indeed

Hey all,

I know its been a while, but I recently won a note on another forum. Today's note is a Light Green Seal 1928B $5 from Atlanta. The note was stated as being rare from the contest sponsor and since I know the sponsor is a small sized note expert, I was super happy to win it. But when I checked the production numbers the note didn't seem very rare so I reached out to sponsor for more details. And I learned a lot. Some knowledge is presented below (edited)

The production numbers given for the 1928B $5 Atlanta FRN are the total production of all 1928B $5 FRN notes for the Atlanta district and include both Dark Green Seals (DGS) and Light Green Seals (LGS). There was no official records kept determining which seal color was used to print which notes. Based on independent census numbers, TPG pop reports, published research material, and historical availability at public auctions, there have been considerably fewer LGS notes surface than their LGS counterparts. In fact, while all twelve Federal Reserve districts had 1928B $5 notes printed, only four districts are known to have had production when the transition was made to LGS... Cleveland, Atlanta, St. Louis, and San Francisco.

There have only been one of two Cleveland LGS notes to surface and all were Star notes. Based on previously mentioned sources, St. Louis has proven to be the most plentiful of the three remaining districts by far. 3-4 years ago, Atlanta and San Francisco were considered to be in the same realm for scarcity, but since then, there have been more San Francisco LGS notes to have surfaced over that time than Atlanta notes. Thus as of today, Atlanta is considered the be the scarcest, although that could change with time.

As a side note, the lowest serial number seen on a 1928B $5 Atlanta LGS note is in the F232xxxxxA range, with the start of the LGS printing thought (by a forum member who's done tons of research) to be F22428001A and printed on September 22, 1932. There are a lot of transitional DGS to LGS notes printed in the F21xxxxxxA to low F22xxxxxxA range that have come to auction, but those are not considered true LGS notes.

Your new note was printed on Thursday, March 16, 1933, five months into LGS printing for the Atlanta $5's. The last 1928x series LGS Atlanta $5's (1928D) were reportedly printed in May 1935.

Interesting addition, and some good info from the sponsor to go with it!

A very attractive $2 LTN, hfjacinto!

It's EF40 due to a center fold and soft corners. For me EF is about the best grade to collect in. Prices are good and the notes look nice. The high grades relate to margins and handling. For example 67 and higher grades have no handling and even margins. An AU 58 can have as nice margins but signs of handling can bring the note down to AU grade.

The other note. This is FR1702 which is a 1934-A series. The series 1934A features the signatures of W. A. Julian as Treasurer and Henry Morganthau, Jr. as Secretary of the Treasury. Series 1934A began production in 1938 and continued into the mid 1940s. Because of the long period of production, 1934A Series $10 silver certificates saw many notes (42 million) being printed.

The 1934 to 1934 D series are known for the blue 10.

My first thought when I saw that note was that it was undergraded, but I did eventually notice a hint of a weak center fold. I agree, a nice EF note often has great eye appeal and barely noticeable issues, especially with an EPQ/PPQ designation.