1928 $100

Discussion in 'Paper Money' started by dmj4484, Jul 17, 2009.

  1. dmj4484

    dmj4484 New Member

    I was wondering if anyone knew anything about this series of note before I take it somewhere and it is worth nothing more than face value- embarrassing! I can't really find anything on the internet about it, or maybe do not know where to look. I work at a bank and came across this a few months ago. It is just a 1928 $100 bill, does not say A, B, C, or D on it, and has the # 4 in the seal instead of the letter, and the seal says Cleveland, OH (I think that is the seal). Was not sure what it could be worth or if anyone knows. I know nothing about this stuff, thanks for the help! Sorry if I am an embarrassment also! LOL
     

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  3. RickieB

    RickieB Expert Plunger Sniper

    What you have there is a Series 1928 "Numeral Note" and they sure are collectible!
    Yours is a Cleveland Fed Bank Issue and from what I can see there is some edge damage, folds, creases....I have this note in Gem uncirculated and it's value in that grade is ~ $775-$900 depending on demand!

    Please post images of the entire note. From what I can see of your note I am going to say it may grade out at "fine" as a first estimate without seeing the rest of the note (front and back).

    Great find and worth more than face value!!

    Will be awaiting the pics.


    RickieB
     
  4. Daggarjon

    Daggarjon Supporter**

    Welcome to the forum!

    asking questions is NEVER an embarrasment! it is in fact how we all learn :)

    And i think RickieB answered your question on the value - Yes :) nice find, and working at a bank, you have access to large amounts of cash to search through... goo dluck :) and PLEASE do show us any finds :p
     
  5. dmj4484

    dmj4484 New Member

    thanks for the response! on the left bottom corner there is a slight fold/crease almost on the edge of it. and the bottom right in the middle there is a very small rip. Overall I cannot believe the condition of it! It is not dirty or stained in the least bit, and does not even look that old. I almost marked it with the counterfeit detector and decided I would rather not ruin it and take the loss if it was fake. But there are the timy red and blue fibers in it so I figured I would be okay. But these other pictures are the best I could get with my camera due to glares and whatnot. Any idea around how much it would be?
     

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  6. dmj4484

    dmj4484 New Member

    yeah, we had an antique and coin appraiser come into the bank one day for our customers to bring stuff in. He told us we probably get so much stuff worth money and don't even know it. Which is probably true. The only things that people ask us for are, the new quarters and dollar coins, $2 bills, eisenhower's and wheat pennies. I save them for certain customers, and I could be giving something worth money away and not even know it! In a way it scares me.

    Thanks for the welcome too! I thought with working at a bank, these forums may be quite interesting! I have been on here for an hour and I know I was right already!
     
  7. RickieB

    RickieB Expert Plunger Sniper

    Well to start with there were only 542,400 printed.
    This note does have some creases, folds and edge damage.
    Does the small tear go into the design at all?

    I can see at least 2 moderate folds in the note from the reverse moving from right to left. Is there another fold on the left side reverse? If so it is a classic 3 fold.

    I would say this note might grade out veryfine as I suggested maybe a very good fine on the low side. All in all it is a nice find and you expect $140-$165 maybe a little more for the note.
    If the tear is into the design then thats a different story altogether.

    Edited** with the slight paper tear I will re-estimate the value to be $125-$140
    Good luck

    RickieB
     
  8. dmj4484

    dmj4484 New Member

    Thanks for the info! The fact the it is a "Numeral Note", are the A-D worth more just out of curiosity? And also the # 4 in the seal, I saw other notes with the letter in it, what is the difference? Just wondering...
     
  9. TheNoost

    TheNoost huldufolk

    The BEP used to use numbers to represent districts. Now they use letters.
     
  10. RickieB

    RickieB Expert Plunger Sniper

    The Prefix and Suffix letters "D" and "A" represent the following;

    "D" representing the Cleveland Fed Bank

    "A" Representing the Block Suffix Letter

    As Noost mentioned, a design element fo 1928 was the numerals for all the Fed Banks 1-12
    With the intorduction of the Series 1928B came the Letters A-L that replaces the numerals.


    No added value for the prefix and suffix....it was the only block that appears to have been run/reported. Perhaps if Numbers comes by he can verify that?

    RickieB
     
  11. schwalbe

    schwalbe Junior Member

    i'd love to add one of them to my collection.
     
  12. RickieB

    RickieB Expert Plunger Sniper

    Here is your chance...:D

    RickieB
     
  13. Numbers

    Numbers Senior Member

    Yep. No $100 FRNs got out of the A block before Series 1974. If you go as far back as Series 1928, the printage numbers were so small that every single serial number starts with a zero.... :eek:
     
  14. clayirving

    clayirving Supporter**

    See: http://www.panix.com/~clay/currency/federal-reserve-seal.html
     
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