1934 LGS notes, and their rarity.

The 1934 LGS notes were printed from October of 1934, to about October of 1937.

These notes are very attractive and have almost forever, been popular with collectors.

Some of these notes are very rare, some perceived as rare, and some are dirt common. The only truly rare regular block note is the $1,000 1934 B star LGS in CU. Almost all other notes ave runs and hoards of varying sizes.

Star notes are on the other hand, often much tougher, and that is what this thread will focus on.

$5 LGS stars: These notes are all tough, except for Chicago, but none of them are mega rare. Boston, Philadelphia, Richmond, Atlanta, and Kansas City are the toughest. Uncirculated LGS stars are known for: Boston, Cleveland, Richmond, Chicago, Dallas, and at least one other district.

These notes are a bit over rated, and circulated pieces are starting to cool a bit, as everyone is chasing quality over rarity, as of this writing. On a side note, 1934 DGS, 1934B, and 1934D are all tougher.

$10 LGS stars: These notes are all over the map, in terms of rarity. New York, and Chicago are dirt common, and fairly easily found in CU. Boston, Philadelphia, Cleveland, Atlanta, St. Louis, and possibly San Francisco, also have CU stars known, with districts A, C, and D having CU runs of stars. Richmond, Atlanta, St. Louis, and Kansas City are semi tough, similar populations to most of the $5 LGS stars. Dallas on the other hand is a mega rare note, with just two known ! There are rumors of CU Dallas stars, but none have ever surfaced on the market.

$20 LGS stars: These are a bit tougher to locate, but also have several districts with CU's known. Dallas is by far the key, much like the $10 and Richmond is not far behind. CU districts that I am aware of as of this writing are: Philadelphia, Cleveland, Atlanta, Chicago, and Kansas City.

$50 and $100 LGS stars: These are all over the map, with some semi common districts, and some unique or nearly so. As more data on these comes forward, I will update this writing.

You're right about lower grade rare notes falling out of popularity in favor of quality. It's very hard to sell anything for anything decent in the under VF 25 grades now.

larry510 wrote:You're right about lower grade rare notes falling out of popularity in favor of quality.  It's very hard to sell anything for anything decent in the under VF 25 grades now.  

I am even seeing AU material, not selling, and in some cases CCU.

I am hearing that the Gem 65 and 66 market has cooled a little.

Right now it is all about 67Q and above, as well as fancy serial numbers. It has been like this for awhile now.

I would always buy a circulated mega rare note, over a dirt common note in 67q.