Series 1928B $10 Chicago Federal Reserve Note Gold Clause

Experience a remarkable piece of American financial heritage with this Series 1928B Ten Dollar Federal Reserve Note from the Federal Reserve Bank of Chicago, featuring a vibrant light green Treasury seal. This historic small-size banknote captures a pivotal chapter in United States economic history, originating from the classic era when U.S. currency was directly backed by precious metal. Issued during the administration marked by the transition of treasury leadership under W.W. Woods and Andrew W. Mellon, these notes feature the classic portrait of founding father and first Treasury Secretary Alexander Hamilton on the face and the iconic rendering of the United States Treasury Building on the reverse.

The Series 1928B issues hold unique numismatic appeal due to the prominent gold clause obligation text printed on the face, explicitly stating that the note is redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank. This gold-clause phrasing makes the 1928 series highly sought after by collectors assembling type sets or tracking the evolution of American fiat and gold standard currency. Bearing classic typography, detailed intaglio engravings, and the distinctive Chicago district seal, this vintage small-size note makes a stellar addition to any collection.

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