LOT #22175
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Current Bid: $145,000
Fr. 2230-J $10,000 1928 Federal Reserve Note. PMG Very Fine 30..
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Description
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.
Estimate: $250,000 - up.
Auction Info
Proxy Bidding Ends
23rd
Friday
5:50 pm CT
Auction Dates
21st-23rd
Wednesday-Friday
Proxy Bidding Time Remaining
4 Days
20h 39m 48s
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: 105
Page Views: 3,492
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