Deep pockets will be tested April 22 as an auction at the 2015
Central States Numismatic Society Convention near Chicago will
feature some extremely rare U.S. notes from the Eric P. Newman Collection.
Among the notable items is a Series 1890 $100 Treasury note, nicknamed a Watermelon note
for the resemblance the zeros on the note's back have to watermelons.
The note is described in the lot description as one of only 35 said to
be in existence. It is estimated to bring $150,000 at the CSNS convention.
A $50/$100 double denomination Brown Back national
bank note from Kansas City, Mo., is expected to realize at least
$100,000 when it is offered for the first time in 70 years. The note
is one of only two known $50/$100 double-denomination notes, and the
first to be sold at public auction since June of 1945.
"The coveted Eric P. Newman Collection pedigree has set the
standard in coins and we expect a similar response when these rare and
truly historic pieces of currency are finally brought to public
auction — in some cases for the first time in their history,"
Heritage Auctions Director of Currency Auctions Dustin Johnson said.
The auction of items from Newman's collection will also feature a face proof of a $1 note featuring a Santa Claus
vignette, from the Central Bank of New Ulm, Minn., graded Very
Choice New 64 Premium Paper Quality by PCGS Currency, that is expected
to bring at least $25,000; a serial number 1 obsolete $1 note from the Dubuque
Branch of the State Bank of Iowa, graded Extremely Fine 40 by
PCGS Currency; and a face proof of an obsolete $2 note from the Wisconsin
Bank of Madison, graded Superb Gem New 67 PPQ by PCGS Currency.
The CSNS show runs through April 28.