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    Description

    Tied With One Other For Finest Known at PCGS

    Fr. 1953-F $5 1928C Federal Reserve Note. PCGS Very Choice New 64.
    Although examples of this series were printed for the Cleveland and San Francisco district banks, none are known except from Atlanta. Over 5.5 million pieces were printed, but only 1.2 million were released with the entire printing occurring during the lame duck interregnum at the end of the Hoover administration. While well circulated examples are not rare, almost none were saved when released, as the entire issue was sent to Atlanta during the very depths of the Depression and were released in the poorest section of the country during an acute cash shortage. Only a literal handful of uncirculated examples are known, with PCGS having graded only a single 63 and two 64s. PMG has certified a single 63 and a lone 65. We sold the PCGS mate to this piece in 2013 for $12,925 and the lone PMG 65 a few years earlier for $26,450. In today's market, a reasonable estimate for this rarity is...
    From The Jeffrey S. Jones Collection of Small Size Currency


    View all of [The Jeffrey S. Jones Collection of Small Size Currency ]

    Auction Info

    Auction Dates
    Apr-May, 2017
    26th-2nd Wednesday-Tuesday
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