In 1929, the US government introduced a new set of Federal Reserve Bank Notes featuring fresh designs and a smaller size for convenience and efficiency. These were issued in denominations ranging from $5 to $100 dollars and were based on the 1928 Series that initiated the new currency look. However, they differed from the 1928 Series in that they featured brown serial numbers and Treasury seals and were only backed by their issuing Federal Reserve branch. Right now, Very Fine 1929 $10 Federal Reserve Bank Notes are available to purchase online at Silver.com.
Note Highlights:
- Includes a protective plastic currency sleeve!
- First issue of the re-designed Federal Reserve Bank Note!
- Notes are in Very Fine condition!
- Features brown Treasury Seal and serial numbers.
- Issued a face value of $10 (USD) from the US government.
- The obverse side contains a portrait of Alexander Hamilton.
- On the reverse, there is a vignette of the US Treasury Building.
- When purchasing multiple notes, it is possible to receive notes with matching or varied Reserve Bank seals.
Federal Reserve Bank Notes were first issued in 1915, but it was not until 1929 that they were introduced in their small-size format with new designs. These notes differed from standard Federal Reserve Notes in that each one was only backed by the bank that issued it. In contrast, Federal Reserve Notes were backed by all 12 branches of the Federal Reserve Bank. The US government continued to produce Federal Reserve Bank Notes until 1934, and by 1945 banks stopped offering them altogether.
All 1929 Federal Reserve Bank Notes will ship to you inside protective plastic currency sleeves. Upon delivery, you will find the notes in Very Fine condition. This means that signs of circulation will be evident, including light soiling and fold marks. The number of folds could range from a few to numerous, depending on the note.
Alexander Hamilton is depicted on the obverse of these Federal Reserve Bank Notes. The design is inspired by the 1805 oil painting by John Trumbull and is the only portrait on modern currency where the subject is facing left. Additional details on the obverse include brown serial numbers, the brown Treasury seal, and the Federal Reserve branch that issued the note.
The US Treasury Building is depicted on the reverse of 1929 $10 Notes. This historic building is located on Pennsylvania Avenue in Washington DC and is the headquarters for the Department of the Treasury. In each corner of the note, numeric and alphabetic depictions of the denomination are visible. Also included are the words The United States of America, Ten Dollars.
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