The auction, conducted at the American Numismatic Association
World’s Fair of Money, offered more than 900 lots of U.S. paper money
with a number of notes selling for prices that were reminiscent of the
market of several years ago.
The highlight was the “Watermelon Collection of Large-Size Type
Notes.” The collection gets its name from one of its highlights, the
famous Series 1890 $100 Treasury note, Friedberg 377 (Paper Money
of the United States by Arthur L. and Ira S. Friedberg). The
name comes from the shapes of the zeros on the back, which resemble watermelons.
The $100 Treasury note, graded PCGS Currency Fine 15, sold for
$77,625 while a Series 1934 $10,000 Federal Reserve note, F-2231A,
graded Paper Money Guaranty About Uncirculated 55, sold for
Looking forward, the auction scene will continue to
make news in September. First up is an impressive collection of
Federal Reserve Bank notes and Federal Reserve notes, which will be
offered by Lyn Knight Currency Auctions Sept. 12 and 13 at the firm’s
headquarters in Kansas.
These notes are part of the Rickey Collection, a large and
impressive assemblage, of which Knight has offered other components in
Certain Federal Reserve Bank notes and Federal Reserve notes only
became recognized for their actual rarity relatively recently, and
they show why a statistic such as “notes printed” is often misleading
— not taking into account the number of notes redeemed. While this is
especially true for FRBNs, it has resulted in some impressive rarities
among the FRNs (red and blue seals), as well.
The unquestionable highlight is the unique Series 1918 $500
Federal Reserve note from the Minneapolis district (F-1132-I). When it
last sold in 2005, described as Very Good-Fine, it went for $126,500.
Another section of the two-day event will contain the Augusta
Collection, an offering of 135 error notes including a $5/$10
double-denomination 1934-D Kansas City Federal Reserve note.