PMG Certifies Rare and High Grade 1928B $2 Star Note

Fewer than a dozen representatives of this variant are known to exist.

Paper Money Guaranty® (PMG®) certified a rare and high grade 1928B $2 Star Note, attributed as Fr. 1503*. Graded PMG Gem Uncirculated 65 EPQ, it is by far the finest of the five examples that have been certified by PMG. The highest grade previously assigned to a 1928B $2 Star Note was PMG Very Fine 30.

“Star Notes” are issued by the United States when a note or group of notes cannot be released, typically because they were damaged or had printing errors. A star is added next to the serial number to indicate that the note replaces another of the same serial number.

All 1928 $2 Star Notes are seldom seen and 1928B Star Notes are particularly rare. Fewer than a dozen representatives of this variant are known to exist.

$2 1928B Legal Tender Note, PMG 65 Gem Uncirculated EPQ, front
$2 1928B Legal Tender Note, PMG 65 Gem Uncirculated EPQ, back

The note was submitted by John DeRocker for PMG on-site grading at the recently concluded ANA World’s Fair of Money in Chicago.

DeRocker is an active participant in the online PMG Registry, a free and fun resource that allows collectors to display their notes and compete against other collectors around the world for the best sets. The addition of this note fills a slot in DeRocker’s top-ranked “The ‘DeRocker Collection’ 1928-1966A Complete Legal Tender Block Set” and increases the set’s overall score by nearly 20%.

“The PMG Registry has inspired me to take my collection to the next level,” says DeRocker. “My quest to build the greatest collection possible led me to spend the past decade hunting for this particular note and I am thrilled that I can finally add it to my PMG Registry Set.”

Bruce Thornton, PMG Finalizer, says that “DeRocker exudes an extreme passion for collecting. His dedication and enthusiasm are second to none. He truly sets the standard for PMG Registry users and paper money collectors in general.”

Click here for more information about the PMG Registry.


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