Fr. 2200-D* $500 1928 Federal Reserve Note. PMG Very Fine 25 Net.. ... Small Size: Federal Reserve Notes

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Lot: 14469
Auction: 3502

Fr. 2200-D* $500 1928 Federal Reserve Note. PMG Very Fine 25 Net.. ...

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Sold for:	Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended:	Sep 18, 2008
	Printable Version of Prices Realized for this Auction

Buyer's Premium:	15% of the successful bid (minimum $9.00 per lot)
Auction Name:	*2008 September Long Beach, CA CAA Signature Auction #3502*
Description:	Heritage Numismatic Auctions offers currency in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type:	Currency Auctions of America - Heritage Signature: Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.) This lot is in: Currency Auctions of America - Heritage Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 12001-16154) Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.
Item Activity:	3 Internet/mail bidders, 381 page views

Description

Fr. 2200-D* $500 1928 Federal Reserve Note. PMG Very Fine 25 Net.
An incredible rarity which may well be the most significant small size note we have offered in recent years. Both the Sullivan census and the new edition of the Schwartz and Lindquist reference list just two 1928 $500 star examples known, one from the Philadelphia district and one from the Chicago district. This piece, which was discovered earlier this year and is offered here to the numismatic fraternity for the first time, is the first 1928 $500 star to be uncovered in many years, and, judging from the miniscule production figures for stars in this series, might well be the last for an equal number of years. It is the only star known from the Cleveland district, which had a total production of only 1080 pieces, with several districts printing even fewer stars. The note itself is an evenly circulated and well centered piece with a bright green overprint and plenty of eye appeal for the grade. PMG has net graded the note Very Fine 25 because of an "Internal Split Repair," which we can not locate even when the note is held up to a light source. Whatever the grade, this is one of the most significant small size rarities to be offered this decade, and one which might not be available again to collectors for the better part of a generation, if even then. Any estimate here is a total guess, as a 1928 $500 star has been on every serious small size collector's wish list for eons, but we would not be at all amazed to see a six-figure realization for this incredible note.

Previous Prices from Heritage Auctions
Lot	Date	Realized
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