Two PMG-certified US Rarities in the Spotlight in Stack’s Bowers Sale

Stack’s Bowers is offering over 400 US banknotes certified by Paper Money Guaranty® (PMG®), including two of the greatest rarities in currency collecting. Online bidding is underway for the Spring 2023 Auction - Session 7 - U.S. Currency sale, which will be held on March 23, 2023.

One of the highlights of the sale is an extremely rare 1882 $1,000 Gold Certificate graded PMG 30 Very Fine (lot 20355). The PMG Population Report includes only two examples of this particular catalog number for this high-denomination US note featuring a portrait of Alexander Hamilton. According to the auction house, only five are known with this signature combination, including two in government collections. This note has an estimate of $500,000 to $700,000.

1882 $1,000 Gold Certificate graded PMG 30 Very Fine Click images to enlarge.

The sale also includes an 1861 $5 Demand Note (Philadelphia) graded PMG 65 Gem Uncirculated EPQ (lot 20091), with an estimate of $400,000 to $600,000. Demand Notes were the lone federal paper currency for a very short period during the Civil War. Nearly all of them were redeemed, so few are available to collectors today. Fewer than 300 Demand Notes of all catalog numbers are listed in the PMG Population Report.

1861 $5 Demand Note (Philadelphia) graded PMG 65 Gem Uncirculated EPQ Click images to enlarge.

Other PMG-certified banknotes from the auction include:

• a 1928 $500 Gold Certificate graded PMG 65 Gem Uncirculated EPQ (lot 20602), with an estimate of $100,000 to $150,000
• an 1890 $2 Treasury Note graded PMG 66 Gem Uncirculated EPQ (lot 20280), with an estimate of $75,000 to $125,000
• a 1928 $100 Gold Certificate graded PMG 66 Gem Uncirculated EPQ (lot 20597), with an estimate of $75,000 to $125,000
• an 1890 $20 Treasury Note graded PMG 65 Gem Uncirculated EPQ (lot 20290), with an estimate of $50,000 to $75,000
• an 1886 $5 Silver Certificate graded PMG 66 Gem Uncirculated EPQ (lot 20232), with an estimate of $40,000 to $60,000
• a 1928 $500 Federal Reserve Note (Kansas City) graded PMG 65 Gem Uncirculated EPQ (lot 20502), with an estimate of $40,000 to $50,000
• an 1886 $10 Silver Certificate graded PMG 64 Choice Uncirculated (lot 20260), with an estimate of $30,000 to $50,000
• an 1882 $50 Gold Certificate graded PMG 30 Very Fine EPQ (lot 20335), with an estimate of $30,000 to $50,000
• a 1934 $1,000 Federal Reserve Note (Philadelphia) graded PMG 65 Gem Uncirculated EPQ (lot 20542), with an estimate of $30,000 to $50,000
• a 1934 $5 Hawaii - World War II Emergency Issue graded PMG 66 Gem Uncirculated EPQ (lot 20568), with an estimate of $30,000 to $50,000

All estimates are provided by the auction house.