1928 $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ

1928 $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ

Own a remarkable piece of early American currency history with the 1928 $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ. This historic banknote represents the first generation of small-size Federal Reserve Notes issued by the United States and showcases the transition from the large “horse blanket” style currency to the compact format still recognized today. Certified PMG XF 40 EPQ (Extremely Fine 40 Exceptional Paper Quality), this note offers collectors a well-preserved example from an important era of U.S. monetary history.

The $50 denomination played an important role in the Federal Reserve system and was used for larger financial transactions during the early 20th century. Issued through the Philadelphia Federal Reserve District, this note represents one of the twelve regional banking systems established under the Federal Reserve Act of 1913. Notes from this era are highly collectible due to their historical significance, classic artwork, and connection to the development of modern U.S. currency.

Note Specifications:

• Graded XF 40 EPQ by PMG
• Denomination: $50
• Series: 1928
• Type: Federal Reserve Note
• Obverse:  Features a portrait of Ulysses S. Grant, the 18th President of the United States, with the inscription “THE UNITED STATES OF AMERICA” and “FEDERAL RESERVE NOTE.”
• Reverse: Showcases an image of the U.S. Capitol. Inscriptions include “THE UNITED STATES OF AMERICA” and the denomination.

The 1928 $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ offers collectors a rare opportunity to own a tangible piece of America’s financial evolution. Its connection to early Federal Reserve currency, Ulysses S. Grant’s legacy, and exceptional certified condition make it a standout collectible for those who appreciate historic U.S. banknotes and the stories behind them.

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