1928 $500 Federal Reserve Currency Note Philadelphia PMG VF 25 (Minor Ink)

1928 $500 Federal Reserve Currency Note Philadelphia PMG VF 25 (Minor Ink)

This 1928 $500 Federal Reserve Currency Note from the Philadelphia district is a rare and prestigious collectible, certified by PMG as VF 25. Issued during the first year of small-size high-denomination notes, it carries tremendous historical and numismatic importance. Notes of this caliber were used primarily in interbank transfers and large-scale commercial settlements, and most were withdrawn from circulation in the mid-20th century, leaving only a limited number in collector hands today

The 1928 series was the first issue of small-size Federal Reserve Notes, replacing the larger-format currency of previous decades. These $500 bills were never widely circulated among the general public but were instead used within the banking system for efficiency. Today, they survive in relatively small numbers, making them highly sought after by currency enthusiasts. Philadelphia district issues are scarcer compared to those of some other Federal Reserve Banks, adding further value to this piece.

Note Specifications:

• Graded as VF 25 by PMG
• Denomination: $500
• Obverse: Beautifully showcases a portrait of President William McKinley, encapsulating his legacy and significance to American history.
• Reverse:  Displays a simple yet bold design showcasing “FIVE HUNDRED DOLLARS” in large font

The 1928 $500 Federal Reserve Currency Note Philadelphia PMG VF 25 (Minor Ink) offers collectors a chance to own an extraordinary relic of American banking history. With its association to President William McKinley, limited survival, and certified condition, it represents both a remarkable collectible and a tangible store of value for serious numismatists and investors alike.

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