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    Finest Known Small Size $500 Gold

    Fr. 2407 $500 1928 Gold Certificate. PMG Gem Uncirculated 66 EPQ.
    Our consignor obtained this majestic piece when we offered this note as part of the superlative Jupiter Collection in September of 2008. We described it at that time as follows: "Currency collecting history proves time and time again that when the very finest notes are offered, both established collectors and new entrants come to the fore, with these one of a kind items attracting extra interest and exceeding expectations at auction. The 1928 $100 Gold Certificate in the Tom Flynn Collection is a perfect example. Graded by PMG Gem Uncirculated 66 EPQ, it surpassed the $100,000 mark in our April auction. Its perfectly matched pair is being offered above as one of two 66s graded by PMG and PCGS. This wonderful $500 Gold provides a perfect companion to the outstanding $100 contained in the Jupiter Collection. It is the only small size $500 Gold graded by either service to reach the lofty heights of the Gem Uncirculated 66 grade. With near perfect margins, bold embossing, and a rich golden overprint, it easily equals the $100 in eye appeal and exceeds it in desirability. Knowledgeable bidders will certainly not bat an eye at our estimate of $125,000-$175,000." This time we were right on the money, as the hammer fell at the $149,500 mark. Five years later, this note is still the only $500 Gold to make the 66 grade at either grading service. Interestingly, not one $500 Gold grading higher than AU 58 has been offered at public sale since 2008, making this the first opportunity a new generation of collectors has had to purchase any Gem $500 Gold.
    From The Greensboro Collection Part II

    View all of [The Greensboro Collection Part II ]

    Auction Info

    Auction Dates
    April, 2013
    24th-28th Wednesday-Sunday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 1,350

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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