Rare PMG-certified Banknotes Star in Heritage Auctions’ Sale

Banknotes certified by Paper Money Guaranty® (PMG®) star in the Central States Currency Signature Auction presented by Heritage Auctions. More than 700 PMG-certified notes are up for bid, with a handful of high-denomination selections available. Bidding is underway online until the auction closes on April 21-23, 2021.

The top lot of the sale is a 1928 $10,000 Federal Reserve Note (Kansas City) graded PMG 30 Very Fine (lot 22175), with an estimate of $250,000 and up. Only 10 of these notes are known to have survived, including two in museums, according the Heritage. This an exceptionally rare piece is also the first of these notes known from the Kansas City district.

1928 $10,000 Federal Reserve Note (Kansas City) graded PMG 30 Very Fine Click image to enlarge

Another highlight is a 10 Cents Third Issue Fractional Currency Hand-Signed Green Back graded PMG 40 Extremely Fine (lot 22019), with an estimate of $150,000 and up. It’s one of two known to exist, and it’s by far the better of the two notes, according to Heritage. Fractional Currency was legal tender used during and after the Civil War when coins were hoarded. As Third Issue Fractional Currency with Green Backs were typically engraved with signatures, this hand-signed piece is an enticing oddity.

10 Cents Fractional Currency graded PMG 40 Extremely Fine Click image to enlarge

Also featured is a 1934 $5,000 Federal Reserve Note (St. Louis) graded PMG 64 Choice Uncirculated (lot 22173), with an estimate of $150,000 and up. This print run was notably meager, with only 2,400 originating from St. Louis. Additionally, very few $5,000 notes have achieved such a high grade level, making this trophy piece an incredible addition to any collection.

1934 $5,000 Federal Reserve Note (St. Louis) graded PMG 64 Choice Uncirculated Click image to enlarge

Other PMG-certified highlights include:

• a 1934 $5,000 Federal Reserve Note (Dallas) graded PMG 58 Choice About Uncirculated (lot 22174), with an estimate of $100,000 and up
• an 1880 $100 Silver Certificate graded PMG 30 Very Fine (lot 22080), with an estimate of $80,000 and up
• an 1880 $50 Silver Certificate graded PMG 20 Very Fine (lot 22076), with an estimate of $75,000 and up
• a group of two 1934/1934A $1,000 Federal Reserve Notes (Kansas City) graded PMG 66 Gem Uncirculated EPQ and PMG 65 Gem Uncirculated EPQ (lot 22172), and attributed as a Reverse Changeover Pair, with an estimate of $30,000 and up
• a group of four 1899 $1 Silver Certificates: two graded PMG 66 Gem Uncirculated EPQ, one graded PMG 65 Gem Uncirculated EPQ, and one graded PMG 58 Choice About Uncirculated EPQ (lot 22057), with consecutive serial numbers, including a solid 9’s and a 100 Million, with an estimate of $35,000 and up
• a 1933 $10 Silver Certificate graded PMG 65 Gem Uncirculated EPQ (lot 22124), with an estimate of $30,000 and up
• an 1890 $20 Treasury Note graded PMG 40 Extremely Fine (lot 22091), with an estimate of $30,000 and up
• a 50 Cents Third Issue Fractional Currency graded PMG 50 About Uncirculated NET (lot 22021), with an estimate of $30,000 and up
• a 1928 $10 Gold Certificate graded PMG 65 Gem Uncirculated EPQ (lot 22177), with an estimate of $30,000 and up
• a 1928 $1,000 Gold Certificate graded PMG 55 About Uncirculated (lot 22182), with an estimate of $25,000 and up

All estimates provided by auction house.