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Lot
16874

Fr. 2221-B $5000 1934 Federal Reserve Note. PCGS Very Choice New 64PPQ.. ...

2011 September Long Beach Signature Currency Auction #3514

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Auction Ended On: Sep 9, 2011
Item Activity: 5 Internet/mail/phone bidders
2,446 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Colorful and Original Near-Gem $5000
Fr. 2221-B $5000 1934 Federal Reserve Note. PCGS Very Choice New 64PPQ.
In this note's last auction appearance, its description read, "Embossing of the vibrantly colored serial numbers is seen through the PCGS holder. The paper is crisp and looks as bright as the day it was printed. Registration of the front and back design is perfect, though a couple millimeters too high in the frame lines for a full Gem grade. Few $5000 and $10000 notes survived their minor run in circulation without some minor blemish that would prevent them from earning a Premium Paper Quality or Exceptional Paper Quality designation from a third party grading service. This note however, is one of the few, beautifully original ultra high denomination notes available to collectors. Since 2008, we have handled only one other example in Uncirculated condition to earn an EPQ or PPQ designation. That piece, a PMG graded 64 EPQ from Chicago, sold for $126,500 in our September 2009 Long Beach Signature Auction." This piece remains the lone uncirculated $5000 to be offered by us with the PPQ or EPQ designator since its last appearance several auctions ago. Also offered below is the lone Binion Hoard $10000 to have earned a Premium Paper Quality descriptor, a note which boasts a matching near-Gem grade, making a perfect pair for the collector that is looking for the best.

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