Fascinating Collection of PMG-certified US Notes Offered in September

A rare 1935A Experimental Silver Certificate is among over 800 notes graded by Paper Money Guaranty® (PMG®) that are being offered in an upcoming sale. Online bidding is already underway for Heritage Auctions’ Ferryville Collection Currency Showcase Auction 62199, which will be held September 19, 2021.

The top note in the sale offers a glimpse into the history of US paper money. The 1935A Experimental (R) $1 Silver Certificate Replacement Note graded PMG 30 Very Fine (lot 96275) dates to a time when concerns were rising about counterfeit money. The US government tried experiments involving special paper, including one in June 1944, in which over 2 million 1935A $1 Silver Certificates were released. Half the experimental notes included a red “R” to indicate regular paper, while the other half had a red “S” to indicate the special paper.

1935A Experimental (R) $1 Silver Certificate Replacement Note graded PMG 30 Very Fine Click images to enlarge.

This note is one of only 12,000 notes issued as replacements for damaged or misprinted notes from the initial release, as indicated by the star next to the serial number. It has an estimate of $2,250 and up.

Another interesting note in the sale is considered the rarest $1 Federal Reserve Star Note, according to Robert Azpiazu in “A Guidebook of Modern Federal Reserve Notes.” This 1988 $1 Federal Reserve Note (Atlanta) replacement note graded PMG 65 Gem Uncirculated EPQ (lot 96492) is one of just 640,000 printed for the Atlanta Federal Reserve District. This note has an estimate of $750 and up.

1988 $1 Federal Reserve Note (Atlanta) graded PMG 65 Gem Uncirculated EPQ Click images to enlarge.

The sale includes nearly 400 other PMG-certified Federal Reserve Notes and nearly 400 other PMG-certified Silver Certificates. Other PMG-certified highlights in the auction include:

• a 1934A $5 Silver Certificate graded PMG 63 Choice Uncirculated (lot 96412) with an estimate of $2,000 and up
• a 1934B $5 Silver Certificate Mule graded PMG 30 Very Fine (lot 96422) with an estimate of $1,500 and up
• a 1977A $1 Federal Reserve Note (Richmond) on Natick Test Paper graded PMG 64 Choice Uncirculated EPQ (lot 96480) with an estimate of $1,500 and up
• a 1935 $1 Silver Certificate graded PMG 64 Choice Uncirculated (lot 96205) with an estimate of $1,000 and up
• a 1928B $5 Federal Reserve Note (St. Louis) with Light Green Seal graded PMG 58 Choice About Uncirculated EPQ (lot 96502) with an estimate of $900 and up
• a 1934 $10 Silver Certificate Mule graded PMG 64 Choice Uncirculated (lot 96448) with an estimate of $800 and up
• a 1935 Experimental $1 Silver Certificate graded 64 PMG Choice Uncirculated EPQ (lot 96195) with an estimate of $800 and up
• a 1935A $1 Hawaii World War II Emergency Issue graded PMG 45 Choice Extremely Fine EPQ (lot 96975) with an estimate of $750 and up
• a 1935 $1 Silver Certificate Mule graded PMG 40 Extremely Fine EPQ (lot 96200) with an estimate of $750 and up
• a 1928C $2 Legal Tender Note graded PMG 40 Extremely Fine EPQ (lot 96009) with an estimate of $600 and up
• a 1935 $1 Silver Certificate Mule graded PMG 65 Gem Uncirculated EPQ (lot 96189) with an estimate of $600 and up

The sale also includes several PMG-certified notes with fancy serial numbers, including:

• a two-note lot including a 1969C $20 Federal Reserve Note (Richmond) and a 1969C $20 Federal Reserve Note (Chicago), each with a Radar Serial Number and each graded PMG 65 Gem Uncirculated EPQ (lot 96917) with an estimate of $250 and up
• a 1969C $20 Federal Reserve Note (Dallas) with a Repeater Serial Number graded PMG 66 Gem Uncirculated EPQ with an estimate of $150 and up

All estimates are provided by the auction house.