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    Lovely Extremely Fine 40PPQ $100 Gold Star

    Fr. 2405* $100 1928 Gold Certificate. PCGS Extremely Fine 40PPQ.
    The advent of third party grading by the two major grading services in 2005 has sparked revolutionary change in the currency market, because of their population reports, which offer the collecting public an accurate guide to the actual number of notes submitted to and graded by the services by Friedberg number. After a decade, collectors can now draw their own conclusions about the relative rarity of just about any note, as the number of graded notes has now reached the critical mass necessary to make such judgments. Notes formerly hailed as rarities have now been revealed to be much less rare, while notes dismissed as somewhat easy to obtain have now been shown to be far less common than supposed. The $100 Gold star note offers a good example. Formerly thought to be quite scarce but not prohibitively rare, a decade worth of statistics now shows this note to be rare in all grades and excessively rare in the highest grade ranges. PMG, for example, has graded only three small size $100 Gold star notes in its decade of operation, with one grading Fine, one Very Fine, and one About Uncirculated, while PCGS has graded eight such notes to date, three with an "Apparent" grade, one Fine, two Very Fine, and two Extremely Fine, with this and one Extremely Fine 45PPQ the sole examples at that level. Not one of the notes graded above Fine by either service have appeared at auction. The only high grade piece offered in recent year, not certified by either of the two major grading services, was an Extremely Fine 40 specimen that realized over $16,000 in a 2007 California auction. The image of Independence Hall on the back aptly complements the portrait of Benjamin Franklin on the face on this high grade note. The Newman Collection example appears perfect for the grade, with minimal circulation, bright white paper, and a vivid gold overprint. Our estimate is conservative.

    Ex: Eric P. Newman Numismatic Education Society.

    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 18
    Lot Tracking Activity: N/A
    Page Views: 848

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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