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Lot
17159

Fr. 1132-G $500 1918 Federal Reserve Note PCGS Extremely Fine 40.. ...

2012 October 17-23 ANA Currency Signature Auction- Dallas #3520

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Auction Ended On: Oct 19, 2012
Item Activity: 1 Internet/mail/phone bidders
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Location: Dallas Convention Center
650 S. Griffin Street
Dallas, TX 75202

Description:
Attractive Chicago 1918 $500
Fr. 1132-G $500 1918 Federal Reserve Note PCGS Extremely Fine 40.
An attractive $500 with ideal color, and it appears much nicer than its assigned PCGS grade. Out of the pieces reported in the census, this is one of the nicest examples of this Friedberg number, as only six pieces have a higher grade than this charming example. There has been no lessening of demand for large size high denomination examples in recent years. They have a certain "mystique" that even causes the most jaded collectors to stop and take notice. One must realize that high denomination notes of this era represented a tremendous amount of purchasing power. In fact, during the 1920s, this $500 note and another $80 could have bought two brand new Ford Model T's. Most of today's survivors can thank happenstance for their very existence, as there was not any concerted effort to save these majestic notes.

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