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Large Size Type Notes > Gold Certificates

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Fr. 1216 $500 1882 Department Series
Grade: PMG Ch. Fine 15    

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The Fr. 1216 is the rarest in shear terms of number of all small red seal $500 Gold Certificates, which I say includes: Fr. 1216 28 reported; 1216a 34 reported; 1216b 54 reported; 1217 63 reported. This is also the earliest issue with the Lyons-Roberts signature combination and the Department Series. The note is well circulated but without repair or restoration. There are numerous pinholes, all intact, and teller handling from a lifetime of being recounted by bankers and bank examiners. The finest known is call a '50' and second is a '40'. Twelve grade lower, four are similar and twelve are better. The high mark by price is the AU 50 at $93,000, sold last August. A cool note for a collector. This note brought $11,400 last year. PMG notes: pinholes.

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