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Fr. 2201-G 1934 $500 – Chicago

PMG GEM 66 EPQ

$3,775

PCGS GEM 65 PPQ

1934 (plain) $500’s are significantly rarer than Series 1934A counterparts. .  In top grade they are at least 10 times rarer than their 2202-G notes.  Price premiums don’t really reflect that at this time.  We therefore feel the Fr: 2201-G notes are undervalued at current levels.