United States Paper Money Collection

© Copyright 1995-2023, Clay Irving <clay@panix.com>

Engraving Differences on Series 1928 B $10.00 Federal Reserve Note

The original engraved portrait of Alexander Hamilton on the Series 1928 B $10.00 Federal Reserve Note experienced excessive wear on the plate. A decision was made in early 1930 to re-engrave the portrait. A line was added to the ornamental engraving surrounding the numeral in the upper right-hand corner to distinquish the new plates.

Engraving Differences on Series 1928 B $10.00 Federal Reserve Note

Below is a letter from Alvin W. Hall, Director of the Bureau of Engraving and Printing to Walter E. Hope, Assistant Secretary of the Treasury.

March 5, 1930

For Mr. Hope [Assistant Secretary of the Treasury]

The portrait of Alexander Hamilton, appearing on $10 bills, is not wearing as long as it should. In other words, it is not possible to get a large number of impressions from the plates made from the present master die. Through the years it has been in use, it has shown some wear.

Within the past few weeks a roll was taken down from the master die, and a portrait laid down from this roll. This protrait was re-engraved by one of our best men.

I am attaching hereto a face impression of the $10 bill made from the die now in use, and one taken from the die after having been re-engraved. While the difference between the two is not noticeable to the naked eye, there are, of course, some changes in the line construction, which could be found through the use of a glass. With your approval all $10 plates hereafter will be made bearing the new portrait. Each plate will be marked as to make a distinction between the new and old portrait. On plates bearing the new portrait, it is planned to add a line in the ornamental engraving surrounding the numeral in the upper right-hand corner. This mark of distinction I have noted with a pencil mark.

A. W. Hall [Director, Bureau of Engraving and Printing]

The percentages of plates used with the new mark serve roughly as guide for the percentages of notes printed with the variety.

Federal Reserve District Statistics
DistrictPercent of Plates with MarkFirst Day Plate with Mark sent to Press
Boston1424 Jul 1931
New York4012 Sep 1930
Philadelphia1808 Mar 1933
Cleveland6916 Feb 1931
Richmond4619 Dec 1930
Atlanta5229 May 1931
Chicago527 Jun 1932
Saint Louis0-
Minneapolis5425 Nov 1932
Kansas City4615 Dec 1930
Dallas6009 Jan 1931
San Francisco3616 Dec 1930