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Fr. 2200-H 1928 $500 – St. Louis

PMG AU 58

$2,195

PCGS GEM 65 PPQ

This tougher 1928 $500 combines creamy white paper with nice embossing.  PMG notes a closed pinhole which is professionally executed.  It’s well concealed left of the primary oval and can only be detected during back lighting.  As for the AU grade; this note could just of easily graded CH CU.  A very faint corner bend is located at the upper right but it really looks more like a handling mark.   This would normally not take a note out of the UNC category.