Introduction to the 2013 $1 FRN Cleveland PMG 66EPQ
The 2013 $1 Federal Reserve Note (FRN) from Cleveland, graded PMG 66EPQ, stands as a remarkable piece of modern currency. Issued by the Federal Reserve Bank of Cleveland, this note is part of the broader series of 2013 $1 FRNs. The design of the note follows the traditional layout, featuring the portrait of George Washington on the obverse, accompanied by the Treasury Seal and serial numbers, while the reverse displays the Great Seal of the United States, showcasing the iconic eagle and the pyramid with the Eye of Providence.
The historical context of the 2013 $1 FRN is tied to its place within the larger framework of U.S. currency evolution. This note was produced during a period characterized by the continued advancement of security features and printing technologies aimed at deterring counterfeiting and ensuring the integrity of the currency. The 2013 series incorporates microprinting, a security thread, and other anti-counterfeiting measures, reflecting the ongoing efforts to maintain the reliability and trustworthiness of U.S. paper money.
Graded by Paper Money Guaranty (PMG), the note’s designation as PMG 66EPQ indicates a high-quality specimen. PMG utilizes a 70-point numerical scale to evaluate the condition of paper money, with 66EPQ signifying an exceptional paper quality (EPQ) note that exhibits only minor handling imperfections. This grading is a critical factor for collectors, as it assures them of the note’s superior condition, contributing to its desirability and value in the numismatic market.
One of the most captivating aspects of this particular note is its low serial number, 00000187. Low serial numbers are highly sought after by currency collectors due to their rarity and the intrigue they add to the note’s provenance. A low serial number often enhances the note’s appeal and can significantly increase its market value, making it a prized addition to any collection.
Understanding PMG Grading: What Does 66EPQ Mean?
The PMG (Paper Money Guaranty) grading system is a key standard in the world of numismatics, providing a reliable assessment of the condition and quality of banknotes. One of the most respected grades within this system is the 66EPQ. This grade, 66EPQ, is emblematic of superior preservation and exceptional paper quality, making it especially coveted among collectors.
The number 66 in the PMG grading system represents a near-perfect banknote. To achieve this grade, a banknote must exhibit excellent centering and margins, with only minor imperfections that are often not visible without close scrutiny. The alignment of the design must be precise, and the note should have sharp, well-defined details. Additionally, the overall eye appeal of the note is of utmost importance, with the note appearing fresh and vibrant, free from any signs of wear or handling.
The designation ‘EPQ’, or Exceptional Paper Quality, further elevates the status of the banknote. This term indicates that the note has retained its original paper quality, without any form of restoration or alteration. EPQ notes are free from any form of pressing, washing, or chemical treatment, which can often alter the paper’s texture and integrity. Collectors highly value the EPQ designation as it guarantees the note’s authenticity and originality, assuring that the note is in the same condition as when it was first issued.
In the case of the 2013 $1 FRN Cleveland with a low serial number 00000187, the grade 66EPQ signifies that the note is in almost pristine condition. Its centering and margins are nearly perfect, and the paper remains as crisp and original as the day it was printed. This combination of a high PMG grade and the EPQ designation makes this banknote a standout piece, showcasing both historical significance and impeccable preservation, thus attracting significant interest and value in the collector’s market.
The Significance of Low Serial Numbers in Currency Collecting
In the realm of currency collecting, the allure of low serial numbers cannot be overstated. Collectors often seek out banknotes with these distinctive features, with 3-digit serial numbers being particularly prized. Serial numbers on banknotes are sequentially assigned by the Bureau of Engraving and Printing, starting from 00000001 for each new series. This sequential assignment means that the earliest numbers in a series are limited and, therefore, rare.
The fascination with low serial numbers stems from their rarity and the historical significance they often carry. A banknote with a serial number like 00000187, for instance, is one of the first printed in its series, making it a tangible piece of history. Such notes are often in high demand among collectors and can command a significant premium over their face value. The intrinsic value of a low serial number note is amplified by its condition, with notes graded in higher conditions, such as the PMG 66EPQ, being particularly sought after.
Several notable examples of low serial number notes have made headlines in the numismatic community. For instance, a $1 Federal Reserve Note with the serial number 00000001 can fetch thousands of dollars at auction, depending on its condition and series. Similarly, a $10,000 note from the 1934 series with a low serial number has been known to attract bids exceeding its face value by a considerable margin. These examples underscore the premium that collectors place on the combination of rarity and historical significance.
Overall, the desirability of low serial number banknotes is a reflection of their scarcity and the unique glimpse they offer into the early stages of a note’s issuance. For collectors, owning such a note is akin to holding a rare piece of history, making these banknotes highly coveted artifacts within the currency-collecting community.
The Story Behind Serial Number 00000187
The allure of the 2013 $1 Federal Reserve Note (FRN) from Cleveland, graded PMG 66EPQ, lies significantly in its serial number: 00000187. Collectors and numismatists are often captivated by low serial numbers due to their rarity and the perception of uniqueness. A serial number such as 00000187 is especially desirable because it falls within the three-digit range, which is exceptionally uncommon for modern currency.
Low serial numbers, particularly those below 1,000, are scarce because they represent the earliest issues from a printing run. This scarcity inherently increases their value and appeal among collectors. The specific number 187 also garners interest due to its palindromic quality when viewed in the context of low serial numbers, which adds another layer of fascination.
The provenance of notes with similar low serial numbers often indicates a history of careful collection and preservation. In the collectors’ market, such notes are frequently found in pristine condition, as their rarity encourages meticulous handling. Historical data reveals that notes with low serial numbers tend to achieve premium prices at auctions and private sales. Their value is not merely in their physical condition but also in the narrative they carry—being among the first notes printed in their series.
The market for these rare serial numbers is robust, with collectors willing to pay significant premiums. For instance, other $1 FRNs with serial numbers in the triple digits have fetched substantial amounts, reflecting their desirability. The serial number 00000187, attached to a note graded PMG 66EPQ, further enhances its appeal, combining both high-grade quality and the rarity of the serial number. This combination makes it a prized piece for any serious collector.
The Cleveland Federal Reserve District: A Brief Overview
The Cleveland Federal Reserve District, one of the twelve regional Reserve Banks in the Federal Reserve System, plays a pivotal role in the United States’ financial infrastructure. Covering Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia, the Cleveland Federal Reserve Bank oversees a diverse array of economic activities and industries. This district is known for its robust manufacturing sector, financial services, and a significant presence in the healthcare industry, making it an essential cog in the nation’s economic machine.
Established in 1914, the Cleveland Federal Reserve has been instrumental in implementing monetary policy, supervising and regulating banks, and providing financial services to depository institutions and the federal government. One of its unique features is its specialized focus on economic research, particularly in areas affecting the district’s economy. The bank’s economists frequently analyze regional economic conditions, providing valuable insights that shape national economic policy.
The currency issued by the Cleveland Federal Reserve often garners significant interest among collectors, especially when it comes to Federal Reserve Notes (FRNs). The district’s notes are identifiable by the letter ‘D’ and the corresponding number ‘4’ on the face of the bill. Collectors frequently seek out notes from this district due to their historical significance and the meticulous quality controls employed during their production.
Throughout its history, the Cleveland Federal Reserve has achieved several milestones. Notably, during the Great Depression, it played a crucial role in stabilizing the banking system in its district. More recently, the bank has been at the forefront of research on systemic risks and financial stability, contributing to the broader understanding of economic fluctuations and crises.
In conclusion, the Cleveland Federal Reserve District stands out not only for its economic contributions but also for its unique characteristics and historical significance. The 2013 $1 FRN Cleveland PMG 66EPQ with a 3-Digit Low Serial Number 00000187 is a testament to the district’s enduring legacy and its continued relevance in the realm of currency collection.
The Market for 2013 $1 FRN Cleveland PMG 66EPQ Notes
The market for 2013 $1 Federal Reserve Notes (FRN) from Cleveland, graded PMG 66EPQ, reflects a robust interest among numismatic collectors. These particular notes, characterized by their excellent condition and pristine quality, have garnered significant attention in recent years. Auction results and sales data indicate that these notes are highly sought after, especially those with unique attributes such as low serial numbers.
Recent sales have shown a trend where notes graded PMG 66EPQ consistently achieve premium prices. For example, a 2013 $1 FRN Cleveland note with a low serial number can fetch considerably higher prices than those with standard serial numbers. Auction results from reputable platforms like Heritage Auctions and Stack’s Bowers Galleries have showcased these notes achieving substantial figures, often surpassing their initial estimates. This trend underscores the high demand and perceived value within the collector community.
Several factors contribute to the market value of these notes. The condition, as denoted by the PMG 66EPQ grade, signifies exceptional preservation, adding to their desirability. Rarity is another crucial factor; notes with lower serial numbers, particularly those under 200, are exceedingly rare and therefore command higher prices. Historical significance also plays a role; collectors often seek notes from specific years or with certain features that tie into broader historical narratives.
The general demand for 2013 $1 FRN Cleveland notes graded PMG 66EPQ is influenced by the broader trends in the numismatic market. The increasing interest in currency collecting, driven by both seasoned collectors and new enthusiasts, has buoyed the market for high-quality, graded notes. As a result, these notes not only represent a piece of financial history but also a valuable asset that can appreciate over time.
Collecting Tips: How to Identify and Preserve High-Grade Banknotes
Identifying and preserving high-grade banknotes, such as the 2013 $1 FRN Cleveland PMG 66EPQ with a 3-digit low serial number 00000187, requires a keen eye and meticulous care. For collectors, the first step in recognizing a high-grade banknote is to examine its physical condition. Key attributes include sharpness of the print, intact edges, and absence of folds, creases, or any form of wear and tear. A high-grade note will exhibit vibrant colors, clear and distinct ink lines, as well as a crisp texture.
Proper handling is paramount to maintaining the pristine condition of your banknotes. Always wash and dry your hands thoroughly before touching any banknote to prevent oil transfer. Alternatively, wearing cotton gloves can provide an additional layer of protection. Avoid bending or folding the notes, and handle them by their edges to minimize direct contact with the note’s surface.
Storage conditions are another critical factor in the preservation of high-grade banknotes. Store your collection in a cool, dry environment away from direct sunlight, as UV rays can cause fading. Use archival-quality sleeves or holders made of materials like Mylar or polyethylene terephthalate, which are free from PVC and other harmful chemicals that can degrade the banknotes over time. Additionally, consider using acid-free backing boards to provide further support and protection.
Spotting counterfeit notes is an essential skill for any serious collector. Familiarize yourself with the security features of authentic banknotes, such as watermarks, security threads, and microprinting, which are often replicated poorly in counterfeits. Utilizing a magnifying glass can aid in scrutinizing these intricate details. Comparing suspect notes with known authentic examples can also be immensely helpful.
Lastly, the importance of professional grading services like PMG (Paper Money Guaranty) cannot be overstated. PMG provides an objective assessment of a banknote’s condition, ensuring its authenticity and assigning a precise grade. This service adds credibility and can significantly enhance the value of your collection. By following these tips, collectors can effectively identify and preserve their high-grade banknotes, safeguarding their investment for future generations.
Conclusion: The Appeal of the 2013 $1 FRN Cleveland PMG 66EPQ with Serial Number 00000187
The 2013 $1 FRN Cleveland PMG 66EPQ with the low serial number 00000187 stands out as a remarkable piece in the world of currency collecting. Its unique attributes, including the pristine condition indicated by the PMG 66EPQ grade and the highly coveted low serial number, make it a prized possession among enthusiasts. The combination of these factors not only enhances its aesthetic appeal but also significantly boosts its value and desirability.
The allure of low serial numbers in paper currency is well-documented. Collectors often seek out notes with such distinctive features due to their rarity and the historical narratives they can represent. The serial number 00000187, being a three-digit figure, adds an additional layer of exclusivity to this 2013 $1 FRN Cleveland note, distinguishing it from more common counterparts.
Furthermore, the impeccable grade of PMG 66EPQ denotes exceptional preservation, free from folds or handling marks, which is crucial for maintaining the note’s value over time. The combination of rarity and condition ensures that this particular note remains a centerpiece in any collection, attracting interest from both novice collectors and seasoned numismatists.
The significance of this 2013 $1 FRN Cleveland note extends beyond its physical attributes. It serves as a tangible link to the broader historical and economic context of its issuance, offering insights into the era’s monetary policies and production standards. Such pieces not only hold monetary worth but also cultural and educational value, enriching the collector’s understanding of currency history.
We invite our readers to share their experiences and thoughts on collecting similar notes. Whether you are drawn to the historical narratives, the rarity, or the pristine conditions, each note tells a unique story. Engaging with fellow collectors and enthusiasts can further enhance the joy and knowledge derived from this fascinating hobby.
Stella (verified owner) –
Box arrived in great condition. Have not hooked it up yet, but don’t foresee any problems. Thanks!
Quinton (verified owner) –
Spectacular item. Well packed. Fast shipping. Great seller. Thank you! AAA+
James (verified owner) –
Shipped quickly and well packaged. Thanks for a good sale.