The third largest denomination US currency. The banknote type is a sample of 1928. That very year, those banknotes were issued as gold certificates. The 1928 series is pretty much the rarest. This is explained by the government’s desire to systematically withdraw from circulation high-value banknotes with mention of the change for gold after the proclamation of the Gold Reserve Act. The law passed on January 30, 1934, granted the US president the authority to revaluate the dollar within 50–60% of its existing gold content.

In the banknote central part, is a portrait of James Madison, the fourth president of the United States, one of the key authors of the US Constitution and the Bill of Rights (the title of the first ten amendments to the US Constitution that fix the fundamental rights and freedoms of a man and citizen). Madison’s famous words are, “If tyranny ever comes to this country, it will come under the pretext of fighting an external enemy.” In honor of the fourth president, the city of Madison (Wisconsin), Avenue in Manhattan in New York, and the central street in Chicago are named.