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Newly discovered 1934 FRN tops offerings

A newly discovered Dallas 1934 $5,000 Federal Reserve Note is sure to star in the Nov. 9 sale by Stack’s Bowers Galleries. The Fr. 2221-K, in PCGS Very Fine 35, is expected to bring between $70,000 and $90,000 as part of the firm’s Official Auction for the Whitman Coin & Collectibles Expo at the Baltimore Convention Center.

 This Fr. 2221-K 1934 $5,000 FRN, in PCGS VF-35, should draw top honors.

This Fr. 2221-K 1934 $5,000 FRN, in PCGS VF-35, should draw top honors.

The print run for this note was 2,400.

“This banknote features the serial number K00000085A, which is a number new to census information,” according to the lot description. It has “excellent margins and terrific centering appeal as top priority qualities among collectors. Both the face and back impressions are registered nearly perfectly and give the picture frame appearance which is so actively sought.”

Thought to be worth $60,000 to $80,000 is a Philadelphia District 1918 $1,000 Federal Reserve Note described as “A highlight within this session and a newly discovered serial number which pushes the total known for the catalog number to just 14 pieces.”

It is graded PMG About Uncirculated 53 EPQ.

Cataloged as the “finest known,” a 1933 $10 Silver Certificate, Fr. 1700, in PCGS Gem New 66 PPQ, will also cross the block.

“This catalog number represents a note that is often referred to as ‘The King of Small Size,’ as every dedicated collector of bills of the current dimensions aspire to eventually own one of these rarities. The present example is of quality that rivals only two others we have handled which were graded by PMG as Gem Uncirculated 66 EPQ and sold in our July Baltimore 2015 sale for $70,500, and a PMG Superb Gem 67EPQ in our 2016 July ANA sale for a $105,750.”

The current lot carries a pre-sale estimate of $65,000 to $70,000.

Other top offerings include:

• 1863 $20 Interest Bearing Note, Fr.197a, newly discovered, PMG Very Fine 25 Net, Repaired, Split, $40,000 to $60,000 estimate;

• 1918 $1,000 Federal Reserve Note, San Francisco, Fr. 1133-L, PCGS Very Fine 30, $30,000 to $50,000 estimate;

• 1929 $100 Federal Reserve Bank Note, Dallas, Fr. 1890-K, PCGS Very Fine 35, $25,000 to $35,000 estimate.

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