PCGS is introducing grading for packs of 50 or 100 small-size U.S. banknotes, enabling the protection of consecutive notes while keeping the pack intact.

A full 100-note consecutively numbered pack of Series 1934A $500 Federal Reserve Notes is the first submission under a new banknote pack grading and encapsulation program that Professional Coin Grading Service (www.PCGS.com) will soon be debuting in the United States.

“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. It could be one of the rarest and most valuable banknote packs,” states PCGS President Stephanie Sabin.

It was submitted by U.S. Coins and Jewelry (uscoinsandjewelry.com) in Houston, Texas, under a new PCGS service option that will provide for the encapsulation of full (100) and half (50) 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.

“We are excited to offer banknote pack grading, an innovative option for those who wish to keep packs of banknotes intact rather than split them apart and have the notes graded individually,” remarks Sabin. “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. 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.”

The historic pack of $500 banknotes was on display at the PCGS Booth (#401) at the recent Long Beach Expo, February 17-19, 2022.

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