New ‘pack’ holder from PCGS

A full 100-note consecutively numbered pack of U.S. Series 1934A $500 federal reserve notes is the first submission under a new banknote pack-grading and encapsulation program from the Professional Coin Grading Service (PCGS).

“This is not only one of the oldest surviving intact packs of U.S. banknotes to surface but also the only pack of $500 notes believed to exist,” said PCGS President Stephanie Sabin, who added it “could be one of the rarest and most valuable banknote packs” in the world.

A Texas-based dealer known as U.S. Coins and Jewelry submitted the pack under a new PCGS service option offering encapsulation of 100- and 50-note consecutive packs of small-size U.S. banknotes, which are graded as a whole unit and provided a single grade based on the condition of the entire pack.

“The benefit of grading an entire pack of banknotes rather than individual notes has a lot to do with certain collectible characteristics that are unique to packs of banknotes, such as keeping together a run of notes with consecutive numbers, consecutive Star Notes and the like,” added Sabin.

“There are even cases where a pack of notes may be historical or collectible for other reasons, such as having an origin associated with a bank hoard, a notable collector or other numismatically significant factors.”

Leave a Reply

Canadian Coin News


Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $59.99/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.