1928 A $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ

1928 A $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ

Bullion Exchanges presents the 1928 A $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ. This Series 1928A $50 note from the Philadelphia Federal Reserve district has been graded by PMG as Extremely Fine 40 with Exceptional Paper Quality. The face features a portrait of Ulysses S. Grant, while the reverse shows the U.S. Capitol. As an early small-size note, it still carries the gold-clause language stating it was redeemable in gold on demand — a feature that ended after the United States left the gold standard.

Series 1928 Federal Reserve Notes introduced the modern small-size currency format still used today. The $50 denomination featured Grant from the beginning of the small-size era. Series 1928A reflected signature updates, and these notes remain popular among collectors for their connection to the final years of gold-backed paper money and for their classic, clean design.

Note Specifications:

• Graded as XF 40 EPQ by PMG
• Denomination: $50
• Series: 1928 A
• 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.

A well-preserved 1928 A $50 Federal Reserve Note Philadelphia PMG XF 40 EPQ offers both visual strength and historical depth from the gold-clause era of early small-size Federal Reserve Notes. Contact our team with any questions as you consider adding this classic higher-denomination example to your collection.

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