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Value of Fifty Dollar Bill from the Series of 1928A

Series of 1928A Federal Reserve fifty dollar bills are common.  Circulated examples sell for around $75 and uncirculated examples are usually available for around $200 from most districts.

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


Series of 1928A fifty dollar bills have a black seal on the left hand side of the note that contains a letter.  This letter can be any letter from A to L.  The letter can slightly affect the value if the $50 bill is in uncirculated condition. 

1928A fifty 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 $50 bills also gold certificates.  Gold certificates have a gold colored seal and serial number. 

You can also find “Federal Reserve Note The United States Of America Will Pay To The Bearer On Demand Fifty Dollars” printed on each note.  All series of 1928A $50 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.

All series of 1928A $50 Federal Reserve notes were printed in Washington DC.  They feature a portrait of Ulysses S Grant and show The U.S. Capitol on the back of each bill.  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.

Series of 1928A $50 star notes are very rare.  They were only printed for the Boston and Chicago districts.  Please contact us if you believe you have a series of 1928A $50 star note.

We only purchase 1928A $50 bills if they are in perfect condition or if they are star notes.  Send us an email (admin@oldcurrencyvalues.com) to get our offer on what you have.