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    Description

    Stunning 1934 New York $5000 FRN PCGS Very Choice New 64PPQ

    Fr. 2221-B $5000 1934 Federal Reserve Note. PCGS Very Choice New 64PPQ.
    Embossing of the vibrantly colored serial numbers is seen through the PCGS holder. The paper is crisp and looks as bright as the day it was printed. Registration of the front and back design is perfect, though a couple millimeters too high in the frame lines for a full Gem grade. Few $5000 and $10000 notes survived their minor run in circulation without some minor blemish that would prevent them from earning a Premium Paper Quality or Exceptional Paper Quality designation from a third party grading service. This note however, is one of the few, beautifully original ultra high denomination notes available to collectors. Since 2008, we have handled only one other example in Uncirculated condition to earn an EPQ or PPQ designation. That piece, a PMG graded 64 EPQ from Chicago sold for $126,500 in our September 2009 Long Beach Signature Auction. We have sufficient enough auction records to support a rising trend in prices of late for circulated $5000s and $10000s. With Chicago 1934 $5000s outnumbering New York examples by a factor of 3 to 1, and the realization in late 2009 strong in our memories, we see no reason why this note cannot easily reach or exceed...


    Auction Info

    Auction Dates
    August, 2010
    11th-16th Wednesday-Monday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 9,630

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