The release of the Federal Reserve Bank Note in 1915 was different than the redesign and reformat of the notes that occurred in 1929. In addition to shrinking the format of the notes in 1929, certain denominations previously available were not reissued in the small-sized format. Only one denomination that was not released in 1915 was released in 1929, the $100 note. Now, 1929 $100 Federal Reserve Bank Notes are available to you online from JM Bullion in Very Fine condition.
- Notes arrive in protective currency sleeves!
- 1st release of $100 Federal Reserve Bank Notes!
- Issued a face value of $100 (USD) by the United States.
- Founding Father Benjamin Franklin on the obverse.
- Independence Hall on the reverse.
- Brown ink for the serial numbers and US Treasury seal.
- Please remember you may receive notes with the same or varying Federal Reserve Bank branch names when buying multiples.
Federal Reserve Bank Notes were introduced in 1915 with $1, $2, $5, $10, $20, and $50 denominations. The series of notes were produced by the Federal Reserve alongside the Federal Reserve Note series, with the primary difference between the two being the backing of the notes. Federal Reserve Notes were then, and are now, backed collectively by all 12 branch banks of the Federal Reserve. The Federal Reserve Bank Notes were backed only by the individual bank branch noted on the bill as the issuer.
When the aforementioned denominations were released in 1915 in the large-sized note series, the $100 denomination was not actually produced an issued. A proof of the potential issue was developed, but never put into production or released into circulation. It was planned to feature a portrait of Benjamin Franklin set in left-profile relief on the left side with the denomination and bank branch at the center. The 1929 reformatting to small-sized notes included the removal of $1 and $2 denominations, and the introduction of the $100 denomination.
Benjamin Franklin is featured at the center of the 1929 $100 Federal Reserve Bank Note. Compared to the proof concept from 1915, this design puts Franklin’s portrait at the center with the name of the issuing Federal Reserve Bank branch on the left. Serial numbers and the US Treasury seal are printed in brown ink on this face.
Independence Hall is found on the reverse of 1929 $100 Federal Reserve Bank Notes. This historic American building was at the heart of the nation’s founding, with both the United States Declaration of Independence and the United States Constitution debated and adopted in this structure.
These 1929 $100 Federal Reserve Bank Notes are available with protective plastic sleeves. Each note is in Very Fine condition with the potential for light to moderate wear and tear, and light to mild soiling on the note. Very Fine notes could have numerous fold lines, with the best samples having a maximum of 10 fold lines. Please note the branch name on the notes could vary and that we cannot guarantee the name present on the note or notes your receive.
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