By CoinWeek ….
Stack’s Bowers, the Official Auctioneer of the Whitman Coin & Collectibles Expo in Baltimore, is dedicating two sessions of its auction to a panoply of U.S. currency and notes. Session 5 (Lots 10001-10467) will take place on Thursday, November 3 at 6:00 PM in Room 309 Session 8 (Lots 11001-11321) is Internet Only. Items for sale in both sessions include a variety of rare National Bank Notes, Confederate Notes, Legal Tender Notes, Silver Certificates, Gold Certificates, Treasury Notes, Federal Reserve Notes, Emergency Notes and Mint Errors.
Today, we highlight two high-denomination Federal Reserve Notes from Session 5.
Lot 10310: 1934 $1,000 Light Green Seal Federal Reserve Note – Dallas
- PCGS Gem New 65 PPQ (Finest Known)
- Estimate: $30,000 – $50,000 USD
The first Federal Reserve Notes of Series 1934, along with the last notes of Series 1928, feature seals printed in a lighter shade of green than future Reserve Notes. This is what makes them a sought-after rarity. Lot 10310 is the finest known example of a Light Green Seal 1934 Dallas $1,000 Federal Reserve Note. Only two of these notes have been graded Uncirculated (65) by Paper Money Guaranty (PMG) and PCGS together.
The printing on this specimen is especially nice. Both sides are well-centered and closely aligned with each other.
As an example of the kind of prices a rarity of such superb quality can bring, a 1934 LGS Richmond $1,000 PMG 66 EPQ (also a finest known) realized $47,000 at auction in April 2015.
Lot 10311: 1934 Chicago $5,000 Federal Reserve Note
- PMG Extremely Fine 40 Net. Repaired
- Estimate: $60,000 – $80,000 USD
While Lot 10311 may be another Light Green Seal note, it is even rarer than the lot mentioned above. This 1934 Light Green Seal $5,000 Chicago Federal Reserve Note had a print run of only 6,600 pieces. Combining the 1928 and 1932 series, there are only 230 examples of this high denomination note known to exist.
In addition to its rarity, the bill exhibits great margins and is well-centered. There is, however, some minor wear present, most noticeably corner folds on the top left and bottom right. PMG makes note of some light repair work done to the left of the top margin.
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Lot viewing is available for attendees of the Whitman Baltimore Coin & Collectibles Expo in Room 307 at the Baltimore Convention Center from 9:00 AM to 6:00 PM Eastern Time from Tuesday, November 1 through Friday, November 4, and 9:00 AM to noon on Saturday, November 5.