1928 $ 100 Federal Reserve # 12 San Francisco low serial # 150

Being offered today is a VERY RARE example of a 1928 $100.00 Federal Reserve “NUMBER 12” San Francisco “REDEEMABLE IN GOLD” note that is in Choice Uncirculated (CU) condition. This note is very hard to find in this condition.

The low serial number on this note is L 00322150 A. The serial number starts with the letter “L”, which signifies the San Francisco Federal Reserve and the 12th Federal Reserve Bank, which is located in San Francisco. This note was among the first notes printed which is identified by the letter A at the end of the serial number. So, we have an E-A block note

The numbered series from 1-12 is only used for the 1928 series of Federal Reserve notes. The # 12 is on the left side of the note which represents San Francisco. Another great feature is the low serial number with only 6 digits. Lower serial numbered notes are much harder to find! Especially in the 1928 $100.00 series.

THE NOTE ALSO HAS THE REDEEMABLE IN GOLD STATEMENT ON THE UPPER LEFT SIDE OF THE NOTE:

The upper left of the note states:

“REDEEMABLE IN GOLD ON DEMAND AT THE US TREASURY OR IN GOLD OR LAWFUL MONEY AT ANY FEDERAL RESERVE BANK”. So, at the time you could cash the note in for $ 100 in gold. Just imagine what that would be worth today if you received $ 100 gold pieces back then.

The color just pops off the note. The margins are centered very well, and the ink is well embossed. The colors are bright and bold. The well-preserved paper adds to its visual eye appeal.