High-denomination Notes Certified by PMG Soar in Chicago

Posted on 5/2/2019

Two PMG-graded $5,000 Federal Reserve Notes realized $156,000 and $144,000 at an April Heritage Auctions sale.

Notes certified by Paper Money Guaranty (PMG) led the way at a Heritage Auctions sale of US currency in late April 2019, with a PMG-certified 1928 $5,000 Federal Reserve Note - Atlanta as the top lot, realizing $156,000. With a grade of PMG 35 Choice Very Fine, the note is the finest of the four examples of that date, denomination and branch in the PMG Population Report.

1928 $5,000 Federal Reserve Note - Atlanta, graded PMG 35 Choice Very Fine. Realized: $156,000
Click image to enlarge.

Eight of the top 10 lots in the sale were certified by PMG, including the second- and third-highest lots, both graded PMG 55 About Uncirculated: a 1934 $5,000 Federal Reserve Note - Richmond that realized $144,000 and a 1934 $10,000 Federal Reserve Note - Chicago that realized $114,000.

Meanwhile, in a separate Heritage Auctions sale of world currency (also held during the Central States Numismatic Society convention in the Chicago area), 17 of the top 20 prices realized were for PMG-certified lots. These included six Canadian notes that each realized more than $20,000 (USD).

Dominion of Canada 1911 $1,000 Specimen, graded PMG 64 Choice Uncirculated Realized: $31,200
Click image to enlarge.

A Dominion of Canada 1911 $1,000 Specimen, graded PMG 64 Choice Uncirculated, realized $31,200, while a Canada (Home Bank of Canada) 1920 $5 - Toronto, Ontario, graded PMG 15 Choice Fine, realized $20,400. (Learn more about this rare note here.)

Other PMG-certified US highlights in the Central States Currency sale (April 24-29) included:

Other PMG-certified US highlights in the Central States World Currency sale (April 25-29) included:


Articles List