PMG-certified US Note Realizes $252,000 at Stack's Bowers Sale

A $5,000 Federal Reserve Note certified by Paper Money Guaranty (PMG) realized over a quarter-million dollars to lead the way at the August 2020 Stack's Bowers US Currency Auction on August 5, 2020. Most of the lots in the sale were PMG-certified, including the top three, which each realized at least $100,000.

1934 $5,000 Federal Reserve Note (Dallas) graded PMG 65 Gem Uncirculated EPQ. Realized: $252,000 Click image to enlarge.

The 1934 $5,000 Federal Reserve Note (Dallas) graded PMG 65 Gem Uncirculated EPQ realized $252,000. US notes with a denomination this high are extremely rare and are fervently sought by elite paper money collectors. This particular 1934 $5,000 Federal Reserve Note is even more special because it is tied with only four others across all districts for the top grade in the PMG Population Report.

Other PMG-certified highlights that were part of the US currency sale or the August 2020 Stack's Bowers World Paper Money Auction held the same day included:

• a 1918 $1,000 Federal Reserve Note (Philadelphia) graded PMG 65 Gem Uncirculated EPQ that realized $126,000
• a 1934 $5,000 Federal Reserve Note (Richmond) graded PMG 55 About Uncirculated that realized $108,000
• a 1922 $1,000 Gold Certificate graded PMG 58 Choice About Uncirculated that realized $84,000
• A 1928 $500 Federal Reserve Note (Dallas) graded PMG 66 Gem Uncirculated EPQ that realized $45,600
• A 1934 $1,000 Federal Reserve Note (Dallas) graded PMG 65 Gem Uncirculated EPQ that realized $40,800
• An 1891 $50 Silver Certificate graded PMG 63 Choice Uncirculated EPQ that realized $36,000
• a Panama 1941 5 Balboas graded PMG 63 Choice Uncirculated EPQ that realized $33,600
• An 1880 $50 Legal Tender graded PMG 40 Extremely Fine that realized $28,800
• A 1907 $1,000 Gold Certificate graded PMG 30 Very Fine that realized $28,800
• a Pakistan undated (1948) 100 Rupees graded PMG 50 About Uncirculated that realized $28,800
• a Bahamas 1965 50 Dollars graded PMG Very Fine 30 EPQ that realized $26,400
• An 1890 $20 Treasury Note graded PMG 64 Choice Uncirculated EPQ that realized $25,200
• A 1934 $1,000 Federal Reserve Note (Chicago) graded PMG 66 Gem Uncirculated EPQ that realized $25,200

Prices realized include buyer's premium and are expressed in US dollars.