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    Description

    Finest Known Atlanta $500 Star Note

    Fr. 2201-F* $500 1934 Federal Reserve Note. PMG Choice About Unc 58 EPQ.
    No Uncirculated 1934 $500 star notes have been graded for the Atlanta district by either PCGS or PMG. This handsome example, which bears the PMG comment, "Exceptional Paper Quality, Great Embossing," has been the finest known $500 Atlanta Star since it first appeared at the NASCA Memphis auction 40 years ago. Only nine 2201-F $500 stars have been graded by PMG. This note occupies top pop position in the group, a full 18 points higher in the census than the next finest example, and the only one of the nine to which PMG has awarded the EPQ designation for outstanding paper quality and originality.

    PCGS has graded only three $500 Atlanta replacement notes, all in lower grades than this piece. In 2008, we sold the finest known 1934 Dallas $500 star, PMG 45 EPQ, for $29,900.00. It, like our present Atlanta star note, was the only example in the joint PCGS/PMG census designated EPQ/PPQ, and also hailed from a very rare district for stars with no Uncirculated examples known.

    When we offered this strikingly original, spectacularly appealing, and exceedingly rare Atlanta low serial number 204 replacement note three years ago, it fetched a realization of $28,200. We see no reason this true finest known high denomination cannot approach that number again.


    Auction Info

    Auction Dates
    April, 2020
    22nd-27th Wednesday-Monday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 866

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