of the resurgence of the U.S. paper money market in mid-2016 will be
on full display at the American Numismatic Association convention in
Anaheim, Calif. With a huge array of quality and rarity changing hands
in two sales on two days, it is clear that consignors are willing to
test the limits of the market.
Stack’s Bowers Galleries paper money auction on the evening of Wednesday,
Aug. 10, is full of new national bank notes, high-grade rarities, and
national bank note section is ripe with discoveries. Estimated at
$80,000 to $120,000 is the only First Charter $100 national known to
exist from New Jersey, an Original Series specimen from Salem. Another
is a Paper Money Guaranty Very Fine 30 $5 Blue Seal note from Fort
Lauderdale, Fla., just the third note from the town and estimated at
$20,000 to $30,000. The auction offers four new serial number 1 notes
from New York — a Brown Back note from Herkimer, Red Seal notes from
Lake George and Dolgeville, and a Blue Seal note from Belfast. The
Lake George note is estimated at $40,000 to $80,000.
significant national bank note discoveries include a Black Charter
note from Central City, Colorado Territory, and a semi-unique
territorial $1 national from Pueblo, Colorado Territory; each note is
estimated at $20,000 to $30,000. Another previously unique charter,
for Sonoma, Calif., now has a new survivor, a PMG VF-25 Blue Seal note
from The First National Bank of Sonoma estimated at $15,000 to $25,000.
classic rarities are also represented, including a Friedberg 1700 1933
$10 silver certificate graded by PMG as Superb Gem Uncirculated 67 and
estimated at $75,000 to $125,000.
the large-size type section of the auction is a PCGS Currency
Extremely Fine 45 Series 1890 $100 Treasury note (the “Watermelon
note”) estimated at $200,000 to $300,000. Other six-figure
realizations will be possible from high-denomination notes like a PCGS
Currency VF-35 $5,000 note from the less often seen Series 1928, and a
PCGS Currency Very Choice New 64 $10,000 note from the Las Vegas
quality large-size type notes and more small-size high denomination
notes will dominate a day later at the Heritage Auctions currency sale. The sale offers four featured
silver certificates graded Gem New 66 or above. A $2 Series 1886
silver certificate with the bust of Gen. Winfield Scott Hancock graded
PCGS Currency Superb Gem New 68 Premium Paper Quality is one of the
two finest known. An F-246 Series 1891 $2 silver certificate in PCGS
Currency Superb Gem New 67 PPQ is the best of that catalog number to
be sold in several years. The third silver certificate is a Series
1896 $5 Educational Note, F-268, graded Gem New 66 Premium Paper
Quality by PCGS Currency. Finally, also in Gem New 66 is the highest
graded $20 1891 silver certificate evaluated by that service.
Connect with Coin World:
the “King of Black Eagles” is one of only two known star notes of
F-229a, the Series 1899 $1 silver certificate. It is graded PCGS
Currency Very Choice New 64 PPQ, making it the better of the two.
to the embarrassment of riches are two F-1180 Technicolor $20 gold
certificates graded by PCGS Currency as Very Choice New 64 PPQ and Gem
New 65 PPQ.