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Fr.-2407 1928 $500 Gold Certificate Ser. A00004260A PMG VF-35 EPQ



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No Longer Available

This is one of the very few 1928 $500 gold certificates that has never been pressed, cleaner or doctored in any way as so many of them have been in the past. I have owned many of these 1928 $500 gold certificate notes and this is only the 3rd or 4th time that I have had the opportunity to acquire one with the EPQ/PPQ designation. What does that mean? Well let me explain.

It was common practice back in the 1930's through the 1970's for dealers, at the request of collectors to wash, clean and press these notes to give them eye appeal. The US government even promoted this practice to help keep the US currency in circulation longer and thus save money during the depression of the 1930ís. Sort of like it was a common practice for coin dealers to "dip" coins to remove the nasty colorful toning from older Morgan dollars. Now days we all know that coins are worth 2 to 3 time more if it has the original toning. The same thing applies to US notes. Is highly desirable and in demand to locate any gold certificates that have the originality, in other words never cleaned or pressed. There are very few around and once you do locate them they are generally cost prohibitive. Keep in mind, once you do go to sell you collection, the notes with the EPQ/PPQ designation will garner the most attention and money and will be the first notes that sell.

O.K. enough of the history lesson, letís talk about this beauty. As you look at the large scans you will NOT find any rips, tears, pinholes, missing pieces or bank marks. You can still see the original handling left by bankers as they had to count their monetary inventory monthly for bank regulators. Embossing can still be seen through the holder. The margins are even and all corners intact. However, the most important factor on gold certificates is the color. The burnt-orange golden color that we find on all US gold certificates is what makes them so attractive and popular. These notes are known for fading badly once they are washed, cleaned or exposed to sunlight for a period of time. Gold certificates do not hold their gold color very well. That is why the US government discontinued using this gold color many years ago. This note rocks!

If you are a collector who has waited patiently and demands originality or simply wants to acquire a nice high denomination gold certificate that will certainly retain its value over the years and enhance their collection, here is your chance. I donít get many of these in this condition but when I do, they seem to sell first. This is a no brainer purchase.

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