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Description
You are looking at a gorgeous 1934 $5 Federal Reserve Note from the ever popular Dallas district. This note is the micro/macro Mule variety, which is found with a macro-size backplate (BP #939 and higher). The Friedberg number is Fr. 1956-Km, and the signatures are Julian-Morgenthau. The serial number is K24511242A (K-A block).
This note has been certified by PCGS Banknote as Gem Uncircualted (Gem) 65 EPQ (Exceptional Paper Quality). This note has fantastic color, great margins, and nice embossing on the reverse. Only the top and bottom margins keep it from a higher grade.
PCGS Banknote has only ever graded two examples, this 65PPQ and a 66PPQ (that is also going to be listed on eBay), making it a TOP POP 1/1 at PCGS Banknote--none equal, and one higher. PMG has graded a total of 32 Dallas Mules, the second lowest pop report count, falling behind only the San Francisco district Mules, with just 23. This is a tougher note to find in Gem grades.
The best part about this note is that PCGS Banknote has awarded it the PPQ designation! From the PCGS Banknote website: Banknotes must have premium paper quality (PPQ) to be graded Gem (65 through 70). Therefore, banknotes in Gem grade ranges will always receive PPQ designation. If a banknote would otherwise grade Gem based on full margins and pleasing centering but has a minor issue that does not warrant a comment on the label such as “pinhole,” “slight margin tear,” “ink mark,” “foxing,” “intaglio print that is flat,” etc., it cannot grade as Gem and the maximum grade possible is 64.
A banknote without minor issues is not PPQ by default. It must retain enough originality expected at that grade. Intaglio-printed banknotes must have a fair amount of design and/or overprint embossing remaining; lithographed and other banknotes must retain enough strength in the inks expected for that grade level. PPQ designation is a separate designation to the grade and can be attained for notes graded Very Good through Gem.
Don't fall for the "Super High Grade", "Killer Grade", or "Awesome Grade" uncertified notes being sold on eBay today. You never know what you are going to get with an uncertified (raw) note and what potentially has been done to the note in the past to enhance it's appearance or hide issues that will bring down the grade and the note's value. Pick this note up in a certified TPG (Third-Party Grader) holder and ensure you're purchasing a note worthy of your investment and without hidden issues!
Terms of Sale
All purchases are considerd final unless you feel there is a problem with the item you receive. Returns will be accepted on this item IF, and only IF, I am notified within five (5) business days of delivery and ONLY if the note's serial number matches and there is no damage to the TPG (Third-Party Grader) holder. In most cases, the buyer will be required to pay to ship the note back to me. Unfortunately, I’ve been a victim of bait-and-switch tactics in the past from a few buyers, hence my strict return policy.
