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1928 $1,000 Federal Reserve Note Graded PCGS Fine 15

Lot Number 1503

Quantity: Bid Starts: 04/24/2017 12:00:00 
Bid Open: 1000.00  Bid Ends: 05/04/2017 23:30:00 
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Big money literally hits the block with this certified Federal Reserve Note $1,000 bill. This large denomination piece of vintage currency has been graded by leading certification service PCGS with a favorable designation of (Fine 15). As noted on the flip label, the serial number is C00012107A and the plate number is E1/1. Signatures for this green seal note are Woods/Mellon and the District Seal is C for Philadelphia.


Issued during the first year of modern-size paper currency use, this "Series of 1928" banknote features a portrait of Grover Cleveland at center and was redeemable in gold when in use as circulating currency, as indicated by a printed disclaimer near top left on the obverse. The U.S. Treasury's obligation for gold redemption was ended in 1933 when FDR outlawed the private ownership of gold, adding great historic value to the relative scarcity associated with this large denomination note.


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