1928D $5 Green Seal Federal Reserve Note – Values and Pricing

Series of 1928D Five Dollar Federal Reserve Notes – Values and Pricing

The series of 1928D five dollar Federal Reserve note is a bill that should be on everyone’s watch list. These are fairly easy to spot and are quite rare. Prices for series of 1928D fives are as low as $300, but they can go up quickly from there based on condition.

Series of 1928D green seal five dollar bills were signed by W.O. Woods as the Treasurer of The United States and by W.H. Woodin as the Secretary of the Treasury.

Based on serial number ranges we know that about 1.3 million series of 1928D green seal five dollar bills were printed. All of these notes were printed for the Atlanta district. All 1928D serial numbers should start with the letter F. They also have a black seal with the letter F inside the seal.

Star notes could have also been printed for the series of 1928D; however, no star notes have been documented for the series.

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



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

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