The colder than normal temperatures in Florida at the start of the
Jan. 8 to 12 Florida United Numismatists show in Orlando did nothing
to chill the enthusiasm of paper money collectors bidding at paper
Heritage Auctions conducted five paper money auction floor
sessions Jan. 8 to 10 as part of the FUN convention auction. An
Internet-only session was conducted Jan. 13. The prices realized for
all sessions totaled $17,115,003.
Four Series 1882 gold certificates realized more than $3.4 million
total at the Jan. 10 auction. The four gold certificates were sold
during the Heritage Currency Platinum Night Auction.
The four very rare high-denomination Series 1882 gold certificates
— a $500 note and three $1,000 notes — were first unveiled during the
2013 International Paper Money Show in Memphis, Tenn.
The $500 gold certificate, signed by Register of the Treasury
William S. Rosecrans and Treasurer of the United States James W.
Hyatt, is unique in collector hands. The note was graded PCGS Currency
Very Fine 35. The note sold for $1,410,000 including the buyer’s fee,
against an estimate of $2 million.
One other $500 gold certificate of this type exists, held in the
Federal Reserve Bank Collection.
A $1,000 gold certificate appearing in the auction featured the
signatures of Rosecrans and Treasurer J.N. Huston. It is one of two
known in collector hands. The note in the auction, graded PCGS
Currency Very Fine 35, sold for $881,250, against a $1 million
Two other notes of the same type are known — one is in the Federal
Reserve Bank Collection and the Smithsonian’s National Numismatic Collection.
A second $1,000 gold certificate in the auction, signed by
Rosecrans and Treasurer Enos H. Nebeker, is one of only four known,
with two of those in the Federal Reserve Bank Collection and another
at an unidentified location.
The note was graded PCGS Currency VF-35. It sold for $881,250,
against a $1 million estimate.
Another $1,000 gold certificate, signed by Register of the
Treasury Judson W. Lyons and Treasurer of the United States Ellis H.
Roberts, sold for $293,750, against an estimate of $300,000. The note
was graded PCGS Currency VF-35. This note is one of 10 known.
A Series 1969A $1 Federal Reserve note with a solid-zeros serial
number sold for $58,750 Jan. 10.
The note was graded Choice Uncirculated 64 by Paper Money Guaranty
and was estimated to sell for $50,000 or more.
The note was originally discovered by Tom Morrissey in 1971 and
first publicly revealed at the 1973 American Numismatic Association
show in Boston.
Morrissey, who died in 1977, started working for the First
National Bank of Boston in 1955. While working at the bank, he
frequently looked through new shipments of notes. According to the May
1974 issue of Paper Money, on Feb. 11, 1971, while looking through a
“brick” of 4,000 notes for solid-number notes, Morrissey found that
the Series 1969A $1 FRN with serial number A99 999 999A had been
replaced with a star note, a disappointing experience. However,
directly behind the replacement star note was the Series 1969A $1 FRN
with serial number A00 000 000A with a vertical red ink streak near
the right side of the face of the note. The red mark was an alert to
printers at the Bureau of Engraving and Printing to remove the note.
The practice at that time was to remove and burn notes with all zeroes
in the serial number. It may be the only existing regular issue
Federal Reserve note exhibiting a solid-zero serial number.
Included with the note are the inside and outside package labels
that accompanied the “brick” to indicate the serial number range of
the 4,000 $1 FRNs enclosed; the first note from the “brick,” with
serial number A99996001A and graded Very Choice New; and other related memorabilia.
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