There were two different types of fifty dollar bills issued in 1929. There were the Federal Reserve Bank Notes and also the National Bank Notes. The only difference is the that on the front of the bill it will state whether the bill is issued from Federal Reserve Bank or a National Bank.

Federal Reserve Bank Notes

1929 50 Dollar Federal Reserve Note

Value

Most 1929 series $50 Federal Reserve Bank Notes are worth around $75 in very good condition. In very fine condition the value is around $100. In uncirculated condition the price is around $350 for bills with an MS 63 grade. Bills issued from the Federal Reserve Bank of Dallas are more valuable. In addition, star notes will sell for higher prices.

National Bank Notes

1929 50 Dollar National Bank Note

There were two different types of 1929 series $50 National Bank Notes- Type 1 and Type 2. Both types look similar so you need to look closely. The only difference is that Type 2 bills have the bank charter number on the lower left and upper right of Grant's portrait.

Value

The value will mainly depend on the type and the bill's condition.

The Type 1 bills are worth around $95 in very good condition. In very fine condition the value is around $150. In uncirculated condition the price is around $800 for bills with an MS 63 grade.

The Type 2 bills are worth around $125 in very good condition. In very fine condition the value is around $300. In uncirculated condition the price is around $1,100 for bills with an MS 63 grade.

Grading System

Very good- A circulated note that has considerable wear to it. There might be one or two tears on the edge of the note. The note may be discolored, dark in appearance, or limp.

Very fine- A note that has been in circulation but not for a long time. The note is still relatively crisp. There may be some creases, folds, or light smudges.

MS 63 choice uncirculated- A note that shows no signs of ever having been in circulation. The note still has its original crispness. The note is also well-centered.

 

Sources:

A Guide Book of United States Paper Money


See also:

1934 50 Dollar Bill
1928 50 Dollar Bill