United States Paper Money of the Week: An Incredible PCGS Choice New 63 1918 $1,000 Federal Reserve Note

Stack’s Bowers Galleries is pleased to offer an Incredible Fr. 1133-L 1918 $1,000 Federal Reserve note, graded by PCGS Choice New 63 as lot 5606 in the March 2012 Baltimore auction. This note becomes a highlight in any collection it enters, as the quality and sheer face value distinguish it from other banknotes. The face design has large denomination clarification at all four corners and proudly at lower center. The impression is remarkably bold, which makes for precise detail of the fine geometric lathe work in the borders. Brilliant blue overprints add nice contrast to the blast white paper, while pleasing margins frame the design nicely. An important verso design shows a large vignette of a bald eagle clutching laurel leaves and arrows. Pleasing protectors at left and right and plentiful silk fibers where circulation would typically lie. The last to sell publicly in an Uncirculated grade was a PCGS Very Choice New 64 note from the same district which brought $65,550 in a March 2011 sale. This note has the initial appeal of a Gem and is problem free for the technical grade applied by PCGS. A landmark opportunity.

The Currency session of the March 2012 Baltimore auction begins at 10am EST, on March 23^rd at the Baltimore Convention Center. The auction is currently online for viewing and pre-bidding activity. Call 800-458-4646 to request your copy of the catalog.