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

Series of 1928C five dollar Federal Reserve notes were printed for three different districts.  In theory notes should be available from Cleveland, Atlanta, Atlanta star, and San Francisco.  However, so far we have only been able to find regular issue Atlanta 1928C fives.

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

Prices for heavily circulated 1928C five dollar bills are as low as $100.  Lightly circulated notes go for around $300.  As with any uncirculated note, 1928C fives that are graded 64 or higher always command premium prices.

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

1928C 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 1928C 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 1928C 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 1928C notes ever have that motto on them.

We are very interested in purchasing any and all series of 1928C green seal five dollar bills.  Send us an email (
admin@oldcurrencyvalues.com) and tell us what you have.