US $50 1928 Fr#2100-D Federal Reserve Note PCGS 40 Extremely Fine PPQ

• Country: United States
• Denomination: $50 USD
• Series: 1928
• Catalog Reference: Fr#2100-D
• District: Cleveland (4)
• Type: Federal Reserve Note
• Signatures: Woods & Mellon
• Certification: PCGS Banknote
• Grade: Extremely Fine 40 PPQ
• Portrait: Ulysses S. Grant
• Seal Type: Green Treasury Seal
• Printer: Bureau of Engraving and Printing (BEP)

A remarkable $50 1928 Federal Reserve Note, cataloged as Fr#2100-D, certified PCGS Extremely Fine 40 PPQ. This early small-size issue is prized by collectors for its historical significance and superb preservation — exhibiting bold color, deep green inks, and crisp original paper.

The note features a finely engraved portrait of Ulysses S. Grant, the 18th President of the United States and Civil War hero, framed by ornate detail and flanked by the large “50” denomination indicators. Its Premium Paper Quality (PPQ) designation confirms that this note retains its original texture and embossing — a distinction awarded only to notes that have never been pressed or tampered with.

Graded Extremely Fine 40, this example shows light, honest circulation while maintaining sharp corners, strong color contrast, and clear signatures — making it a choice piece for any collection of early small-size U.S. Federal Reserve Notes.

Background Information

The Series of 1928 marked the debut of the small-size U.S. currency format, reducing the dimensions of paper money to the modern standard still used today. The $50 denomination, printed across twelve Federal Reserve Districts, was among the first to adopt this new design.

The Fr#2100-D variety identifies this example as issued by the Federal Reserve Bank of Cleveland (District 4). Its classic layout, with the vivid green Treasury seal and numerals, reflects the transitional artistry between large-size and modern currency — a symbol of America’s economic confidence entering the 20th century.