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Series of 1928A Five Dollar Federal Reserve Notes - Values and Pricing

Series of 1928A Federal Reserve five dollar bills are common.  Circulated examples sell for around $20 and uncirculated examples are usually available for around $100 from most districts.

In the scheme of things, 1928 really isn’t that long ago.  So there are consecutive runs and even packs of 100 series of 1928A five dollar bills still out there.

Series of 1928A green seal five dollar bills were signed by W.O. Woods as the Treasurer of The United States and by A.W. Mellon as the Secretary of the Treasury.

Keep in mind that the letter than begins or ends the serial number has nothing to do with the series.  Series of 1928A five dollar bills will have the letter A after “series of 1928” as shown below.

Series of 1928A and 1928 five dollar bills both have a black seal on the left hand side of the note that contains a number.  This number can be anywhere from one to twelve.  The number does affect the value if the note is in uncirculated condition. 

1928A five dollar bills are special because they were redeemable in gold.  They read “Redeemable In Gold On Demand At The United States Treasury, Or In Gold Or Lawful Money At Any Federal Reserve Bank.”  The above phrase is known as the gold clause.  This phrase does not make 1928A Federal Reserve note five dollar bills also gold certificates.  Gold certificates have a gold seal and were not even printed for the five dollar denomination in 1928. 

You can also find “Federal Reserve Note The United States Of America Will Pay To The Bearer On Demand Five Dollars” printed on each note.

All series of 1928A Federal Reserve notes were printed in Washington DC.  They feature a portrait of Abraham Lincoln and show the Lincoln Memorial on the back.  They have a green seal on the right and green serial numbers.  Remember that “In God We Trust” didn’t start until 1956.  Therefore no 1928A notes ever have that motto on them.

Star notes are more valuable than regular issues.  A series of 1928A five dollar star note will have a serial number that ends with a star symbol instead of a letter.  Star notes are highly prized and collected. 

Assuming your 1928A five dollar star note is in lightly circulated condition then the following chart is a basic guideline of value:

Boston (1) - $300+
New York (2) - $250+
Philadelphia (3) - $300+
Cleveland (4) - $150+
Richmond (5) - $750+
Atlanta (6) - $1,000+
Chicago (7) - $100+
St. Louis (8) - $1,000+
Minneapolis (9) - $2,500
Kansas City (10) - $2,500+
Dallas (11) - $1,500+
San Francisco (12) - $750+

We are very interested in purchasing high grade 1928A five dollar notes.  We are especially interested in consecutive runs.  We purchase all series of 1928A five dollar star notes.  Send us an email (
admin@oldcurrencyvalues.com) to get our offer on what you have.