$1,000 1934 Federal Reserve Note Chicago - Updated To Add $500 Note
hbarbee
Posts: 218 ✭✭✭✭
I have been striving to be a numismatist for many decades. My focus is on the Lincoln Cent series and a type collection of cents prior to Lincoln back to 1793. This I have mostly completed in mint state with the higher value pieces in PCGS holders.
One piece that I have always wanted an example of and is completely unrelated to my collection is the $1,000 note. So I finally decided to get one as a Christmas present to myself and wanted to show it to those on the currency forum (which I have never posted on before) to solicit comments from the experts on whether I made a reasonable decision. The dealer appears to be highly rated and the note was delivered in 3 days. The only requirements that I had set for myself was a PCGS holder with PPQ designation and in as high of a grade that the budget could handle. I would appreciate your inputs.
Comments
Its a nice note, has good eye appeal.
Good looking note. Bit of smudging on back top left and in the side margin. Front centering is shifted towards upper right. back centering looks close to perfect. Very common Chicago district. Good color and print details.
Family, Neighborhood, Community,
make the World a better place.
Thanks. I was wondering what factors would have kept it from a 65. I agree with what you said even though it is probably hard to grade from just an image.
I like it.
beautiful note, i like
Wow, must have set you back some nice $$$. Great bill, enjoy it. Want to get one for myself but probably looking at 2030 at the earliest.
That's a beautiful note
Very nice note.
-Probably just a bit of handling which doesn't detract from the overall super eye appeal. It is an exceptional example, a note to be proud of! Thanks for sharing!
**https://sites.google.com/view/notaphilycculture/collecting-banknotes **
The reason it received a 64Q instead of a 65Q is due to the out of alignment margins and maybe some minute signs of handling. The smudging on back was not enough to keep this note from receiving a Q as the paper quality is still excellent.
Family, Neighborhood, Community,
make the World a better place.
Thanks for your comments.
Since I am not a true currency collector, the step up in cost to above a 64 was just not reasonable to me. I may pick up a $500 note (maybe next Christmas) in an equal PCGS 64 PPQ grade just for fun.
Merry Christmas to you folks.
thats a good compliment all the way around for everything involved
Is off-centering a thing of the past with modern technology ? I wonder why so many bills were even off-center over 100 years ago....we were able to strike coins to very tight tolerance levels, surprised that didn't translate to mechanical bill printing.
Thoughts ?
What am I looking at in $$$ if I go for a $1,000 bill at the 58 level vs. 64/65 ?
Just in case I have to pivot at FUN away from a coin that I can't find/afford and decide to go for a trophy bill ?
GC has a bid $5,800 on a PCGS 64 .. Beautiful bill ..bought 2 PCGS $1,000, 64s back in 2006 .Take a look at the $500 too
Yes, I see that bill has went up to $6,250 now. If any others bid and with the buyer's premium it could get pretty close to what I paid for mine. It does not have the PPQ designation and that should add some value. Did not see any $500 up for bid now.
That's out of my price range, so I can also forget the PMG-65.
The question would then be: do I go for a bill in the low-60's....or drop to the 58 level where there might be an "invisible" fold/crease but the bill looks really nice.
Keep it on the back burner, ya never know 👍
I'd like to hear from Steve or one of the other veteran bill collectors on my options if I decide to buy a Large Currency Bill: low-60's or 58 ?
Since I am a coin collector rather than a bill collector, I cannot give good advice but after reviewing the following guidelines it appears that, just like coins, you may well find a 58 with much better eye appeal than a low 60's.
I have a PMG-45 Gold Certificate that looks 63-65'ish in photos. Unless you know how to look under the right light, it looks 15-20 points higher.
You get a bill in the low-60's it might not have the fold/crease but the margins are often way off and the bill doesn't look as crisp, new, etc. It seems the graders really penalize folds/creases more so than way-off margins, weak color, etc.
Beautiful Example!!! Enjoy it
MIKE B.
I just could not wait longer to acquire a $500 to go with the $1000. I won this at Heritage. This is the first time I have ever purchased from an auction but even with the exorbitant premium it still came in under retail. It is of similar quality as the $1000 but from the other major grading service. Maybe this ends my brief foray into currency but I think it is special to be able to hold such notes in hand.
Congrats, its quite the feeling to do that 🙂