Description
1928A $10 Federal Reserve Note – Boston District
FR‑2001‑A • Serial A11296152A • PMG 50EPQ • South Philly City Collection
A sharply presented 1928A $10 Federal Reserve Note from the Boston District, serial A11296152A, certified PMG 50EPQ About Uncirculated — the only note at this grade level to receive the coveted EPQ designation. According to the PMG Population Report, just 20 examples are graded in total, with five higher, making this an extremely tough early‑issue Boston district note in premium circulated condition.
This example comes directly from the South Philly City Collection, a well‑known source of original, high‑quality early FRNs. Notes from this collection are recognized for their originality, eye appeal, and long‑term preservation.
This piece shows:
- Exceptional Paper Quality (EPQ) — rare for AU‑level 1928A tens
- Excellent centering for the type
- Strong remaining embossing
- Bold, original color
- Fully original paper surfaces with no impairments
The EPQ designation is especially meaningful here — most AU‑level 1928A notes lose originality due to handling, but this example retains the crisp, problem‑free paper quality PMG requires for the tag.
A key market benchmark: A PMG 64Q Choice Uncirculated example realized $5,280 at Heritage in May 2025, underscoring the strength of this district and the scarcity of high‑grade survivors.
With only 20 total graded, this being the sole 50EPQ, and the added provenance of the South Philly City Collection, this note sits in a sweet spot of rarity, originality, and collector desirability.
A standout early‑issue Boston district note for any advanced FRN or 1928 series specialist.
P.M.G TOTAL POPULATION REPORT #20 GRADED
TOTAL IN P.M.G #50Q #1
OTHERS: #2 55 FLAT #1 58 FLAT #1 58Q
TOTAL HIGHER #5, HIGHEST #64Q
Free USPS Standard Shipping. 14-day return policy – no questions asked. Satisfaction truly is our promise.
