1928 Five Dollar United States Note Value Guide

The Series 1928 Five Dollar United States Note is a landmark piece of currency, representing the first year U.S. banknotes were reduced to their modern small size. Distinguished by its vibrant red seal and serial numbers, this legal tender was issued directly by the U.S. Treasury and was originally backed by gold.

What Is 1928 Five Dollar United States Note Worth?

The typical price range for 1928 Five Dollar United States Note is $12 - $18 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Paper crispness and the absence of folds or creases significantly impact the $12-$18 value range.
• The presence of ink stains, tears, or heavy circulation wear will lower the market price.
• Centering of the printed design on the paper margins can influence collector demand.
• The overall vibrancy of the red seal and serial numbers affects the visual appeal and final sale price.

How to Identify 1928 Five Dollar United States Note?

• Look for the distinct red treasury seal located on the left side of the portrait of Abraham Lincoln.
• Verify the 'Series of 1928' designation printed on the face of the note.
• Confirm the serial numbers are printed in red ink, matching the treasury seal color.
• Check for the specific paper composition consisting of 75% cotton and 25% linen with security fibers.

History of 1928 Five Dollar United States Note

Commonly referred to as a Red Seal note, this currency was issued directly by the U.S. Treasury rather than the Federal Reserve. The Series 1928 was the first year that U.S. currency was reduced to its modern small size. These notes were a carryover from the older large-size legal tender notes and were backed by gold until the U.S. abandoned the gold standard in 1933.