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    First Reported Kansas City District 1928 $10,000 Note

    Fr. 2230-J $10,000 1928 Federal Reserve Note. PMG Very Fine 30.
    A spectacular new discovery, this offering is certainly the highlight of tonight's auction. It is the first Series 1928 $10,000 FRN from the Kansas City district to be reported. The 1928 Ten Thousands represent, as a group, the pinnacle of rarity for small size currency. Although they were issued by eleven of the twelve Federal Reserve districts, the highest print run totaled fewer than 15,000 notes, with New York recording this highest number at 4,680 and San Francisco the lowest at 36. (Ironically, the only New York district note known to have survived is housed in the collection of the San Francisco Fed, while two examples from San Francisco are reported, one of which sits alongside the New York district note in the Fed's collection.) A mere ten pieces from all districts combined comprise the entire census of survivors, with two of that number in museum collections as noted above. This wonderful new entrant to the census becomes number eleven and also adds another district to the known side of the ledger. Fortuitously for collectors, it is a pleasing, evenly circulated piece displaying good color and just honest wear. No attempts to "improve" this great rarity have been made, a fate that has befallen many of this note's brethren. With the exception of a Choice New Richmond note that brought almost $400,000 at auction three years ago, it's the first 1928 $10,000 note to cross the auction block since 2013. It is difficult to estimate an ultra-rarity of this caliber so we will be conservative and let the bidders decide who takes home this great trophy note tonight.

    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 6,565

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