Description
Fr. 2150‑K • PMG 64EPQ Choice Uncirculated • DALLAS
This is a power‑position early‑series $100—a 1928 Dallas District FRN carrying the coveted PMG 64EPQ designation, sitting just one hair below Gem and delivering every bit of the visual punch collectors want at the top of the census.
Slightly off‑center margins are the only factor keeping this note out of a Gem holder. The paper is bright, fully original, and loaded with exceptional paper quality, bold inks, and deep embossing. The look is all Gem—without the Gem price tag.
🔵 Population & Market Power
According to the PMG Population Report:
- Only 4 examples graded 64EPQ
- Only 2 finer, both at 65EPQ
Those two Gem 65EPQ notes realized $7,200 and $9,000 in 2024 at Heritage Auctions—proof of how aggressively the market chases high‑end 1928 $100s, especially from the scarcer Dallas (K) district.
🔵 Why This Note Hits Hard
- Early 1928 Series $100 FRN
- Dallas District—a tougher district in high grade
- PMG 64EPQ with Gem‑level eye appeal
- Strong embossing, vivid inks, and fully original paper
- Only four known at this level
- Only two finer, both commanding major auction premiums
- A true high‑end example without stepping into the five‑figure arena
This is the exact kind of note advanced collectors target: rare, early, high‑grade, district‑scarce, and population‑tight. A premium 1928 $100 that delivers serious presence in hand and even stronger value on paper. South Philly City Collection.
P.M.G TOTAL POPULATION REPORT #118 GRADED
TOTAL IN P.M.G #64Q #4
TOTAL HIGHER #2 IN 65Q
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