Several PMG-certified US Banknotes Expected to Achieve Six Figures in Heritage FUN Show Sale

A trio of rare banknotes certified by Paper Money Guaranty® (PMG®) are each predicted to achieve six figures in a sale presented by Heritage Auctions. Nearly 1,000 PMG-graded US banknotes are being offered in the FUN Currency Signature Auction. Online bidding is currently available, with the sale ending January 12-14, 2022, in conjunction with the Orlando FUN show.

The highest denomination

One of the top PMG-certified lots is a 1934 $10,000 Federal Reserve Note (Boston) graded PMG 63 Choice Uncirculated (lot 21176). This note features the 25th Secretary of the Treasury, Salmon Chase, and is the highest numeric value to circulate, generally having been used for transactions between financial institutions. Highly desired among collectors, it has an estimate of at least $200,000.

1934 $10,000 Federal Reserve Note (Boston) graded PMG 63 Choice Uncirculated Click images to enlarge.

A rare Hamilton

Another rarity that has an estimate of at least $200,000 is an 1863 $50 Legal Tender graded PMG 58 Choice About Unc EPQ (lot 21064). Showing the first Secretary of Treasury, Alexander Hamilton, and printed with a Red Seal, it is one of only eight known examples. Of those, this is “easily the finest,” according to Heritage Auctions.

1863 $50 Legal Tender graded PMG 58 Choice About Unc EPQ Click images to enlarge.

Deep from the heart of Texas

Meanwhile, a 1934 $5,000 Federal Reserve Note (Dallas) graded PMG 64 Choice Uncirculated EPQ (lot 21175) has an estimate of at least $175,000. Featuring the fourth US President James Madison, this particular example has the added attraction of a low serial number. Both this and the $10,000 note are from the BREA Collection.

1934 $5,000 Federal Reserve Note (Dallas) graded PMG 64 Choice Uncirculated EPQ Click images to enlarge.

Other PMG-certified highlights in the sale include:

• a 1918 $500 Federal Reserve Note (Kansas City) graded PMG 58 Choice About Unc (lot 21131), which has an estimate of at least $60,000
• an 1890 $10 Treasury Note graded PMG 65 Gem Uncirculated EPQ (lot 21116), which has an estimate of at least $50,000
• an 1880 $100 Legal Tender graded PMG 55 About Uncirculated (lot 21069), which has an estimate of at least $50,000
• a 1933 $10 Silver Certificate graded PMG 66 Gem Uncirculated EPQ (lot 21149), which has an estimate of at least $50,000
• a Key West, Florida 1882 Brown Back $5  with Serial Number 1 graded PMG 30 Very Fine (lot 20241), which has an estimate of at least $40,000
• a New York, New York Original Series $100 National Bank Note graded PMG 20 Very Fine (lot 21020), which has an estimate of at least $40,000
• a Tarpon Springs, Florida 1902 Plain Back $5 with Serial Number 1 graded PMG 30 Very Fine (lot 20260), which has an estimate of at least $30,000

All estimates are provided by the auction house.