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    Punch Cancel Free $10,000 Gold Certificate

    Fr. 1225h $10,000 1900 Gold Certificate PCGS Extremely Fine 40.
    Fully signed and issued and missing the usual punch cancellations seen on most of these pieces which dramatically increases the value of this attractive note. PCGS includes a comment stating the note was pen cancelled, which it indeed is. These high denomination pieces were never meant to circulate and were non-negotiable, having been used to settle debts within the Federal Reserve System, as evidenced by the endorsements on the reverse, with one from the New York Fed paying the note to the National City Bank of New York and a second endorsement by that bank depositing the note back in to the New York Fed at a later date.

    Auction Info

    Auction Dates
    August, 2014
    6th Wednesday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 688

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