Skip to main content
Go to accessibility notice


    Excessively Rare $2 1928B Legal Tender- One of Five Known

    Fr. 1503* $2 1928B Legal Tender. Very Good+.
    This is one of the classic rarities in the field of small size notes, an item up there in rarity and desirability with the 1804 dollar or the 1913 Liberty Head nickel. Only five surviving examples have been recorded, with this piece only the second we have had to offer in our thirty plus years in numismatics. The last example of this rare star to be publicly offered came when we sold the piece formerly owned by Amon Carter, Jr. in our Orlando sale three years ago. That piece, grading Fine, saw the hammer drop at $22,000 (on a pre-sale estimate of $10,000-15,000) after an epic floor battle between two determined bidders. This example, from the Steele collection, is a solid note for the grade, with a bright red overprint and no repairs or defects. In the best market ever for small size rarities, we would not be at all surprised to see this note reach or even exceed our likely conservative estimate.
    Purchased from Mid-American Currency in March of 1997.

    Auction Info

    Auction Dates
    January, 2003
    9th-11th Thursday-Saturday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 332

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $6) per lot.

    Sold on Jan 10, 2003 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 25 days left to consign to the 2021 December 9 - 11 HKINF World Paper Money Signature® Auction !

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search