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    Description

    Problem Free 1918 $500 Federal Reserve Note

    Fr. 1132-G $500 1918 Federal Reserve Note PCGS Very Fine 25PPQ.
    A well margined and bright Chicago $500 which appears to have its correct PCGS assigned grade. 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 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. Very many, if not most, of these mid-grade $500 Feds are in Apparent holders; they seem to have been a magnet for pinning, writing, spindling, and various mangling. This note has escaped all of those value-reducing horrors, and has earned PCGS's important PPQ qualifier.
    From The Magnolia Collection




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    Auction Info

    Auction Dates
    Sep-Oct, 2013
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 1,902

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