Fr. 2201-L. 1934 LGS $500 Federal Reserve Note. San Francisco. PCGS Currency Gem New 65 PPQ. In addition to being breathtakingly rare, this magnificent Gem San Francisco $500s credentials include marvelous originality, superb embossing, & dazzling colors. There are only two Gems graded by PCGS Currency, this example and a 66PPQ which we sold back in August 2019 for 15,600. With that note tightly held in a long term collection, this may be the only opportunity to acquire a Gem example from this district. From the Windy City Collection. From the Windy City Collection.