Sunday, July 27, 2008

$500 Gold Certificate Sold for $97,750 at Auction

Bowers and Merena Baltimore Rarities Auction at the Baltimore Marriott Waterfront on July 26, 2008 included 200 United States currency lots. The highest price realized was a 1928 $500 Gold Certificate.

Lot # 164
Fr. 2407. 1928 $500 Gold Certificate. PMG Gem Uncirculated 65EPQ.

Final Bid $97,750.00

Description: Truly Uncirculated $500 1928 Gold Certificates are rare, indeed. The example we offer tonight quite clearly deserves its premium grade. Only three of this number have been certified at the "65" level and only a single example has ever earned a certification any higher from PMG. The often faded overprint is boldly bright. Quite simply an extremely scarce item in a superior grade attested to by PMG. Bid accordingly. This is the kind of item that will immediately propel the collection that it enters tonight to a new level of respect and significance within the collecting fraternity. Est. $80,000 - $100,000

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