1928 $100 Green Seal Chicago Redeemable in Gold Federal Reserve Note 63 EPQ PMG

A 1928 $100 Federal Reserve Note redeemable in gold is part of the Gold Certificate series issued by the United States. These notes were initially issued as a form of paper currency that could be redeemed for an equivalent value in gold coins upon demand. However, by the time of the 1928 series, the Gold Standard had already been altered, and gold certificates were primarily a transitional step toward the more commonly known Federal Reserve Notes that we use today.

1928 $100 Federal Reserve Note 63 EPQ PMG

The grade 63 EPQ is assigned by a third-party grading service, in this case, by PMG (Paper Money Guaranty). 63 stands for "Choice Uncirculated" on the Sheldon Grading Scale, and EPQ stands for "Exceptional Paper Quality." A grade of 63 indicates that the note is in excellent condition with only minor handling.