A bidder paid a bit more than $1,000 to win the lot featuring a
Series 1934 $1,000 Federal Reserve note in a Dec. 23, 2014, Internet
Paper Money Auction by Heritage Auctions.
The note, which sold for $1,292.50, brought the highest price
realized in the sale.
It was graded PCGS Currency Very Fine 20 Apparent for its
appearance, “washed; back faded and discolored,” according to the
grading service label on the holder. Though the back design is very
faint, the note is still a high-denomination piece, which is always
attractive to collectors.
Taking second place in the prices realized was a uniface 1861 $20
Confederate States of America note featuring a portrait of Alexander
Stephens, front and center, in the design. The note sold for $528.75.
The note was graded PCGS Currency Very Fine 20. According to the
catalog description, the note is “a scarcer Confederate type note” and
“very well margined with superb color and boldly executed signatures.”
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