Skip to main content
Go to accessibility notice


    "R" Silver Certificate in Lofty Gem Condition

    Fr. 1609* $1 1935A R Silver Certificate. PMG Gem Uncirculated 65 EPQ.
    In 1944, the Bureau of Engraving and Printing conducted a test using a special new paper. To conduct the test, 1.184 million 1935A Silver Certificates with the special paper were overprinted with a large "S" at lower right on the face. The "S" was used for the special paper while a control group of the same number were printed with a large "R" for regular paper. The experiment included the printing of 12,000 star notes for each variety. When the experiment was complete, the BEP found the results were inconclusive, and survivors of the replacement notes particular are rare in all grades.

    Fewer than two dozen "R" Experimental Stars have been graded between both services. Of those, there are just three Gems. Two of those Gems have been offered at auction, most recently a PCGS 65PPQ that realized $16,450 in our April 2014 Platinum Night Auction. A visual inspection of this note when it arrived at our headquarters ungraded just months ago revealed what PMG confirmed with a Gem EPQ grade, exceedingly attractive devices, and gleaming originality. Small size specialists will recognize this offering as a rare opportunity to also acquire an "S" Experimental in the same grade on the same evening.

    Auction Info

    Auction Dates
    August, 2015
    13th Thursday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 820

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

    Sold for: Sign-in or Join (free & quick)

    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
    Consign to the 2020 April 22 - 27 Central States Currency Signature Auction - Chicago.

    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

    Recent auctions

    2019 December 4 - 6 HKINF World Paper Money Signature Auction - Hong Kong
    2019 December 4 - 6 HKINF World Paper Money Signature Auction - Hong Kong
    REALIZED SO FAR $1,666,705