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Fr. 1132-J $500 1918 Federal Reserve Note PMG Choice About Unc 58.. ...
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Sold on Jan 14, 2022 for:
$90,000.00
Bid Source: Live: Phone bidder
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Description
Finest Known Kansas City District 1918 $500 Federal Reserve Note
Fr. 1132-J $500 1918 Federal Reserve Note PMG Choice About Unc
58.A most attractive Kansas City $500 with ideal color, and no real evidence of circulation within its third party holder. Out of the dozen or so pieces reported in the census, this is the finest graded example of this Friedberg number. 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. For comparison purposes, another Kansas City $500 in a PCGS 55 holder brought $51,700 in our 2017 Central States auction. In today's market, this superior piece should certainly exceed that number.
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Auction Info
2022 January 12 - 14 FUN Currency Signature® Auction - Orlando FUN #3586 (go to Auction Home page)
Auction Dates
January, 2022
12th-14th
Wednesday-Friday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 1,163
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