Description
🔵 FR‑1952‑L • 1928B $5 FRN • L.G.S • San Francisco • PMG 50EPQ
A scarce Light Green Seal variety from the San Francisco District, carrying serial L38045760A and certified PMG 50EPQ About Uncirculated with Exceptional Paper Quality. This note shows clean original paper, sharp detail, strong color, and well‑balanced centering—with only mild handling from brief circulation before being saved.
This is one of just fourteen examples recorded in the PMG Population Report, with only four graded higher than 50EPQ. A true condition rarity for the district and variety.
📈 Market-Proven Rarity
Only two uncirculated examples have surfaced publicly in the last six years—both through Heritage:
- PMG 64EPQ realized $4,800 in early 2024
- PMG 66EPQ (sole finest) from the $14M Ron Gustafson Collection brought $2,400 in late 2024—an absolute steal in a massive three‑part sale
No other UNC examples have appeared in that entire timeframe, underscoring how tightly held this L.G.S district is.
🔥 Why This Note Matters
- L.G.S San Francisco is one of the tougher 1928B $5 varieties
- Population of 14 makes this a true scarcity
- EPQ designation confirms originality—critical at AU levels
- Only four finer means this AU sits near the top of the census
- Recent auction comps prove strong demand and thin supply
A premium AU example like this is the sweet spot: original, attractive, and far more affordable than the few UNC survivors—when they even appear. Another blockbuster 1928 Series note from the South Philly City Collection.
VIEW THE P.M.G POPULATION REPORT
P.M.G TOTAL POPULATION REPORT #14 GRADED
TOTAL IN P.M.G #50Q #2
TOTAL HIGHER #4
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