$500 1928 Federal Reserve Note Atlanta Woods, Mellon PMG About UNC 53 Details

$3,599.00

The 1928 series marked the introduction of small-size high-denomination currency in the U.S., following the Treasury’s move to streamline bill sizes. $500 notes were used mostly for bank transactions and large commercial deals. With limited original print runs and the subsequent discontinuation of high-denomination notes in 1969, surviving examples like this are increasingly scarce and prized.

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SKU: 55401838 Categories: , ,

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CVC & Collectables presents this 1928 $500 Federal Reserve Note from the Atlanta District (F), certified PMG About Uncirculated 53 Details. Bearing the signature combination of Woods and Mellon, this is part of the very first small-size $500 note series ever issued, making it a foundational piece for any serious U.S. currency collection.

Although the note carries a Details designation, it retains bold eye appeal, excellent paper quality, and strong inks. With high-denomination notes no longer in circulation since 1969, this example offers both historical weight and investment potential.

Note Highlights:

  • Issuing Authority: Federal Reserve Bank of Atlanta (District F)
  • Series: 1928
  • Denomination: $500
  • Signatures: Woods – Mellon
  • Friedberg Number: Fr. 2201-F
  • Seal & Serial Color: Green
  • Certification: PMG About Uncirculated 53 Details
  • Grade Notes: Minor issue noted by PMG, but retains sharp edges and crisp appearance
  • Serial Number Block: Federal Reserve Green Seal
  • Paper Type: Small-size U.S. Federal Reserve Note
  • Withdrawn: No longer issued post-1969

Collectibility:

The Fr. 2201-F $500 note is sought after due to its historical importance as part of the inaugural small-size issue and its association with Andrew W. Mellon, a powerful figure in Depression-era finance. While graded with details, the AU condition and strong visual integrity make it an excellent choice for collectors looking to acquire high-denomination notes without paying a mint-state premium.

Grade

PCGS

Year

1928

Condition

About Uncirculated – 53

Denominations

$500

Year 1928

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