PMG-certified Gold Certificate Realizes an Incredible $750,000

Posted on 10/17/2022

Another rarity also realized over half a million, with a total of nine PMG-certified notes selling for six figures in the October Heritage sale.

A Gold Certificate certified by Paper Money Guaranty® (PMG®) achieved an impressive $750,000 in a recent Heritage Auctions sale. The Long Beach Expo US Currency Signature Auction held on October 7, 2022, included nine PMG-certified banknotes that realized six figures.

The 1882 $100 Gold Certificate with Friedberg# 1202 graded PMG 30 Very Fine (lot 21222) dominated the sale, as collectors recognized a rare opportunity, bidding the note up to $750,000. Today, there are only two of these notes known to exist, with the other belonging to the Smithsonian Institution, according to Heritage Auctions.

1882 $100 Gold Certificate Fr. 1202 graded PMG 30 Very Fine. Realized: $750,000
Click images to enlarge.

The auction also included a 1928 $10,000 Federal Reserve Note (Richmond) graded PMG 58 Choice About Uncirculated (lot 21291) that realized $504,000. It is one of only 10 examples from all districts that are known, according to the auction house. These issues are far rarer than the 1934 Series $10,000 Federal Reserve Notes.

1928 $10,000 Federal Reserve Note (Richmond) graded PMG 58 Choice About Uncirculated. Realized: $504,000
Click images to enlarge.

Other six-figure PMG-certified highlights included:

  • an 1882 $100 Gold Certificate (Fr. 1203) graded PMG 15 Choice Fine (lot 21223) that realized $300,000
  • a 1928 $5,000 Federal Reserve Note (Atlanta) graded PMG 35 Choice Very Fine (lot 21290) that realized $216,000
  • a 1934 $10,000 Federal Reverse Note (Chicago) graded PMG 40 Extremely Fine (lot 21293) that realized $192,000
  • a New Orleans, Louisiana 1875 $50 (The Hibernia National Bank) graded PMG 30 Very Fine (lot 21244) that realized $174,000
  • an 1882 $1,000 Gold Certificate graded PMG 25 Very Fine (lot 21230) that realized $156,000
  • an 1880 $100 Legal Tender graded PMG 64 Choice Uncirculated (lot 21078) that realized $156,000
  • a 1922 $50 Gold Certificate graded PMG 67 Superb Gem Uncirculated EPQ (lot 21221) that realized $102,000

All prices realized include buyer’s premium.

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