Lot 26
Solid Serial #L88888888B Gem. This Fr. 1929-L $1 2003 FRN L88888888B has been graded PCGS 66PPQ Gem New, and comes from the James W. "Billy" Key collection. The number 8 in several Oriental countries stands for good fortune, good health or great wealth. Multiple 8's is sought out by dozens of collectors here and abroad, and this note will bring out the competition. Estimated Value $2,800 - 5,000
At the peak of Billy Key's search for fancy serial numbered notes, he was in competition with Mel Wilmore and several other collectors who sought out the same items. Due to Billy's aggressive nature, he drove auction results to near $6,000 for high grade serial #88888888s at his peak. After he sold his collection, the price for these dropped all the way down to $2,500, but they have rebounded and we're seeing these solid 8's bring $4,000 to $5000 or more in the highest grades during 2021.
Ex. James W. "Billy" Key Collection sold in two auctions 3-2012 and 6-2012.
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| Realized $6,000 |
