1928 (B-New York) $500 FRN (Extra Fine) - LGS: Here is an always sought after series 1928 $500 Federal Reserve Note from the New York district. An interesting aspect of the Federal Reserve Notes from 1928 is that their redemption wording states, "Redeemable in Gold on Demand at the United States Treasury, or in Gold or Lawful Money at any Federal Reserve Bank." No Federal Reserve Note since 1928 has carried this redemption. Printed in the 9th edition of Schwartz & Lindquist, this note is an extra fine example that saw very little use.
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