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$100- series 1928A incorrect phrase?

My friend asked me to look at his 1928A $100- federal reserve note.

I am confused because the statement in the upper left on the face of the bill reads “redeemable in gold on demand at the United States treasury, or in gold or in lawful money at any federal reserve bank”

Every currency book I have or when I search on the internet this phrase is on the 1928 $100- federal reserve note not the 1928A. The 1928A note should read “this note is legal tender…..”

I am incorrect?

I am hoping someone on this forum can help.
Thank you in advance for your help.


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    PppPpp Posts: 462 ✭✭✭✭


    I also finally found other 1928a bills with the same wording.

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    JamericonJamericon Posts: 437 ✭✭✭
    edited May 29, 2022 8:56AM


    The "redeemable in gold on demand" clause appeared on all 1928-series FRNs. The Series of 1934 FRNs were the first FRNs not redeemable in gold, but in lawful money, and so carried a legal tender clause.

    Jamie Yakes - U.S. paper money collector, researcher, and author. | Join the SPMCUS Small-Size Notes, National Bank Notes, and NJ Depression Scrip
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