US$ 100 1928 with words Redeemable iin Gold

[Mulu113]

There is a 7 which has circular writing talks about the Federal Reserve Bank of Chicago instead of a gold seal that says Gold Certificate. It has been in circulation, but there are no tears in this bill? Would this be worth anything more than the $100.00 it states.


I have a bunch of old bills and coins that I inherited and am just trying to figure what the value of them might be. What would be my best source? I have heard about a red book, blue book and then something about a greysheet.

Appreciate any help you can give.

LJ

 

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[Mackaydon]

Mulu,
Welcome to Treasure Net !
You have a Federal Reserve Note Series of 1928. The signatures should be Woods and Mellon. The "7" represents the bank district number (Chicago). 733,300 of these bills were issued. The 2008 Red Book (retail value) lists your bill as worth $175 in VF-20. The same bill but with a letter in lieu of a number is called the Series of '1928-A'
Don.......

 

[Mulu113]

Recommendation

Thank you Don. I appreciate your help. Which books do you recommend for someone who is just learning about this? I have more coins than currency.

 

[Mackaydon]

"The Official Red Book--A guide Book of United States Paper Money" by Arthur L. and Ira S. Friedberg.
Full color and plenty of explanations. It goes into the history of paper money, how to collect and grading=--among other topics.
Don.......

 

[maipenrai]

Thanks Mackaydon, although I dont have any interest in this particular post, but I always enjoy your comments on coins and anything else. You bring a lot of expertise to this site. I dont know how you manage to reply to all the questions that are asked here, but your doing a great job at it!!

 

[Mackaydon]

maipenrai,
Many thanks; having been a stamp and coin collector for over 50 years has helped; add that I truly enjoy the research challenge then a Win-Win result; we each learn something.
All the best,
Don.....

 

[feidzd]

we each learn something.

 

[Deckguy]

maipenrai,
Many thanks; having been a stamp and coin collector for over 50 years has helped; add that I truly enjoy the research challenge then a Win-Win result; we each learn something.
All the best,
Don.....