Fr. 282. 1923 $5 Silver Certificate. PCGS Currency Gem New 66 PPQ.

An Unusual and Popular Design from the 1920s Fr. 282. 1923 $5 Silver Certificate. PCGS Currency Gem New 66 PPQ. By far one of the most distinctive designs from a time when standardized compositions increasingly became the norm in circulation. The Series of 1923 $5 Silver Certificate is certainly an oddity among its peers for reasons that go beyond its unusual composition. This particular piece comes from the penultimate run of $5 Silver Certificates issued under the Series of 1923 and was produced in the summer of 1925. Many notes from that run along with a significant amount of preexisting stock would be pressed into circulation come 1929 in New York City and its environs per Lee Lofthus's article "Series 1923 $5 Porthole Silver Certificates Doomed by Treasury Policies" in Paper Money which offers quite the fascinating picture into the limited circulation of this design. That sudden release was prompted by a shortage of $5s preceding the release of the new small size notes in circulation and is believed to account for roughly a third of total production. The notes that were sent to New York are well-represented among the survivors enumerated by Track & Price and at the highest ends of the grading spectrum. Many were ultimately sent back to the Treasury Department while a tiny handful managed to elude circulation and redemption as part of bank's cash supply or a period cash hoard. This example which has earned an assigned grade of Gem New 66 PPQ is one of those fortunate survivors and offers collectors the chance to consider a truly premium example of this unusual, but presently popular design. Estimate: $8,000 - $12,000. Click here for certification details from PMG.

Estimation:4.295,28€

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