$500 Rarity to be Sold in Stack’s Bowers Galleries November 2019 Auction
A recently rediscovered Series of 1928 $500 Gold
Certificate will be available to the collecting public for the first time in
decades in Stack’s Bowers Galleries’ Official Currency Auction of the Whitman
Coin & Collectibles Winter Expo, November 14 in Baltimore, Maryland. The
note, found in lot
10305, was recently graded by PMG, receiving a grade of Choice Uncirculated
63. It is one of just 10 examples of the type to be graded uncirculated by the
service.
Only around 110 examples of the Series of 1928 $500 Gold Certificate
are known to survive and they are widely accepted as one of the key notes to
any small size currency collection. These notes were actually illegal to
possess from April 5, 1933, until April 24, 1964, due to the executive order
issued by President Franklin D. Roosevelt that took America off of the gold
standard.
This example had resided in a 50+ year old collection in
the Deep South before coming to us this summer. This particular example is quite stunning with a deeply inked
impression of the design. The universal back design (also found on the Federal
Reserve Note) is vividly inked with a dark green hue generating a lovely
contrast to the frosty white paper. The note carries a pre-auction
estimate of $30,000-$40,000.
The Stack’s Bowers
Galleries Official Auction of the Whitman Coin & Collectibles Winter Expo
will be held November 12-15, 2019. For more information on the auction or to
consign to future auction events contact Director of Currency Peter Treglia
at petert@stacksbowers.com or Currency Specialist Brad
Ciociola at bciociola@stacksbowers.com
