Goldberg Coins and Collectibles

Sale 51

Pre-Long Beach Coin and Currency Auction

Federal Reserve Bank Notes - Large

Lot	Photo	Description	Realized
Lot 2565		1918, $1 Federal Reserve Bank Note. PCGS Currency Choice About New 58PPQ. . Fr-712. . KL-65. A single light fold is all that prevents a higher grade on this lovely, fully original New York Ace. Estimated Value $300 - 400. View details and enlarged photos	Realized $253
Lot 2566		1918, $1 Federal Reserve Bank Note. PMG Choice Uncirculated 64EPQ. . Fr-717. . KL-70. This Philadelphia district bank Ace earned its near-Gem grade and "EPQ" designation with lovely originality and bold embossing. Estimated Value $400 - 500. View details and enlarged photos	Realized $460
Lot 2567		1918, $1 Federal Reserve Bank Note. PCGS Currency Extremely Fine 40PPQ. . Fr-746. . KL-99. A pleasing, original example with only moderate signs of circulation. Estimated Value $150 - 200. View details and enlarged photos	Realized $127
Lot 2568		1918, $2 Federal Reserve Bank Note. CGA Gem Uncirculated 65. . Fr-749. . KL-148. This beautiful Gem example from the Boston district appears fully original through the holder, and looks like it fully earned its grade. Estimated Value $3,000 - 4,000. View details and enlarged photos	Realized $2,300
Lot 2569		1918, $2 Federal Reserve Bank Note. PCGS Currency Gem New 65PPQ. . Fr-750. . KL-149. This strictly original Gem Battleship bears serial number B100A. It is well-centered, broadly margined, and bears the engraved signature of Benjamin Strong, the powerful governor of the New York Federal Reserve district bank who was a significant figure in the 1920s era and who fought vainly to restrain easy monetary policy and speculation during the period preceding the 1929 stock market crash and the Great Depression. Estimated Value $6,000 - 8,000. View details and enlarged photos	Unsold
Lot 2570		1918, $2 Federal Reserve Bank Note. CGA Very Fine 35. . Fr-750. . KL-149. An appealing Battleship from the New York district bank. Estimated Value $700 - 900. View details and enlarged photos	Realized $748
Lot 2571		1918, $2 Federal Reserve Bank Note. PCGS Currency Very Good 10. . Fr-755. . KL-154. A solid, problem-free circulated Battleship from the Philadelphia district. Estimated Value $800 - 1,000. View details and enlarged photos	Unsold
Lot 2572		1918, $2 Federal Reserve Bank Note. PCGS Currency Gem New 66PPQ. . Fr-757. . KL-156. This beautiful Gem Battleship boasts excellent margins, bold embossing, and the low serial number D40A. It is pristine in every respect, and is likely to see spirited bidding before the hammer falls. Estimated Value $6,000 - 8,000. View details and enlarged photos	Unsold
Lot 2573		1918, $2 Federal Reserve Bank Note. PCGS Currency Very Choice New 64PPQ. . Fr-757. . KL-156. Another Cleveland low serial number Battleship, this number D265A. It is nearly a Gem but for a couple of slightly rounded corners. Estimated Value $3,000 - 4,000. View details and enlarged photos	Unsold
Lot 2574		1918, $2 Federal Reserve Bank Note. PCGS Currency Very Choice New 64PPQ. . Fr-776. . KL-175. This lovely Battleship is from the Dallas district bank, and displays original embossing, good color, and excellent centering and margins for the grade. Estimated Value $4,000 - 5,000. View details and enlarged photos	Unsold
Lot 2575		1918, $5 Federal Reserve Bank Note. CGA Extremely Fine 40. . Fr-789. . KL-321. A nice-looking Atlanta Five with broad margins and bold inks. The grade appears to be right on the mark. Estimated Value $800 - 1,000. View details and enlarged photos	Unsold
Lot 2576		1918, $5 Federal Reserve Bank Note. CGA Gem Uncirculated 66. . Fr-794. . KL-339. A pretty $5 FRBN from the Chicago district, with broad margins, bright paper, and good centering. Estimated Value $2,000 - 2,500. View details and enlarged photos	Unsold
Lot 2577		1915, $20 Federal Reserve Bank Note. PCGS Currency Gem New 65. . Fr-824. . KL-660. A lovely, high grade example of a scarce design type that is seldom seen much finer. It is broadly margined, and possesses all the bright paper and bold inks that one expects from the grade. This piece is the only Fr. 824 graded at this level by PCGS Currency, with a single 65PPQ and two 66Ppqs the only three finer. The lack of the "PPQ" designation by PCGS Currency is not indicative of any flaws; perhaps this note is lacking the embossing that normally qualifies a note for the "Premium Paper Quality" designation. Previous generations of collectors, particularly in the 1970s and 1980s, did not value originality as highly as today's collectors, hence many original (and fully Uncircualted!) notes were lightly pressed to remove natural paper wave and make the note look "flat." While not in vogue today, yesterday's collectors valued "flatness" and such notes sold at a premium. Tomorrow's collectors may appreciate some other aspect of notes or their condition that we don't today. Estimated Value $16,000 - 20,000. View details and enlarged photos	Unsold