Fr. 2200-D. 1928 $500 Federal Reserve Note. Cleveland. PCGS Very Choice New 64 PPQ.An essential note for a collector seeking the finest of available material as a look at the PCGS Population report shows this Very Choice New 64 PPQ to be sole piece at this level with none finer. The note retains full appeal of the popular design with dark overprinted features that are nicely embossed into the paper and pleasing centering and margin which if were a hair bigger at left, a Gem grade would certainly be deserving. This offering is one of a magnificent collection of high grade $500 and $1000 Federal Reserve Notes we are offering.