Fr. 1132-L. 1918 $500 Federal Reserve Note. San Francisco. PMG Choice Uncirculated 64.All large size high denomination notes are prized by collectors and this stunning Choice Uncirculated 1918 $500 Federal Reserve Note will be no exception. The sharply detailed portrait of Chief Justice John Marshall at center is flanked by the engraved signatures of Treasury officials John Burke and Carter Glass.
While the face design is rather open, except for the margins, the back design has an incredibly detailed vignette De Soto Discovering the Mississippi, an engraving by Frederick Girsch. The presently offered example is the finest graded specimen for the catalog number by PMG and is among the finest known of its type. Only one other note achieved an Uncirculated grade for the entire type, making a total of just two Uncirculated 1918 $500 graded by PMG.
This note features massive boardwalk margins, and superb centering on both sides. It has been off the market since 2007 when it last sold for $97,750. For advanced collectors seeking the best notes our hobby has to offer, here is your chance.