The Harry W. Bass Jr. paper money collection showcasing the
development of the popular silver certificate “Educational Notes,”
will be offered at auction Aug. 17 at the American Numismatic
Association World’s Fair of Money near Chicago.
Stack’s Bowers Galleries will offer the Harry W. Bass Jr.
Collection Part V during the ANA convention in Rosemont, Ill.
The Bass offering consists of several dozen essays, proofs and
other unissued denominations, all of extreme rarity and some even unique.
According to Stack’s Bowers Galleries, this series illustrates the
development of the beautifully designed “Educational Notes” and
culminates in an intricately bound set of three uncut sheets — with
serially numbered notes 1, 2, 3, and 4 of the 1896 $1, $2 and $5
Included are documents that pedigree the set back to the time of
issue. These silver certificates had been on display in the Harry W.
Bass Jr. multimedia gallery at the ANA headquarters in Colorado
Springs, Colo., for several years.
“In my opinion this lot is the most important lot ever offered at
auction in the entire history of collecting American paper money,”
said Q. David Bowers, chairman emeritus of Stack’s Bowers Galleries.
The Series 1896 $1, $2 and $5 silver certificates are generally
recognized as the apex of artistry in United States paper money. A $10
denomination was designed but never released.
The three denominations that were released circulated only briefly
before new designs were introduced as replacements. The faces of the
Series 1896 silver certificates lacked fine lathe work, a decision
that was not universally supported within the Bureau of Engraving and
Printing, which designed and printed the notes. Fine lathe work is
considered a security device in that it is difficult for
counterfeiters to duplicate accurately.
The Series 1896 notes were replaced because officials believed a
risk existed that counterfeiters could duplicate the notes before bank
tellers learned to identify the notes.
The notes that replaced the Series 1896 silver certificates all
had fine lathe work on the faces, as has all U.S. paper money issued since.
The opportunity to acquire the first sheets printed has never
before occurred at auction, according to the auction house, and may
“Hundreds of other important notes will be offered, including gold
certificates, Treasury or coin notes, Legal Tender notes, Federal
Reserve notes, and others, large and small. National bank notes will
be a prime attraction as well, including a marvelous selection of $1
‘aces,’ rare locations, a serial No. 1 $5 National Gold Bank of D.O.
Mills & Co. note, and other highlights, plus a large selection of
popular and affordable issues — literally something for everyone,”
according to Chris Napolitano, president of Stack’s Bowers Galleries.
Paper Money Guaranty will be providing its services for grading of
the collection prior to auction.
“We are thrilled to add our PMG expertise to the presentation of
one of the most significant currency holdings of our time. Indeed, the
certification experience will be always remembered by our staff,” said
Steve Eichenbaum, PMG CEO.
“The Harry W. Bass Jr. Educational Series is unique and absolutely
definitive — the first sheets printed of the three denominations plus
essays and proofs, an incredible display ... which has no equal in the
field of American paper money. It has never been equaled by any
auction presentation in numismatic history,” Eichenbaum said.
Stack’s Bowers will be producing a special separate catalog for
the Bass collection auction.
Bass was also known for his collection of rare and unique early
gold coins dating from 1795 to 1834 by date, denomination and die variety.
Along the way he also assembled important holdings of patterns,
paper money and more, ranking him as one of the most important
collectors and scholars in numismatics, notes Stack’s Bowers Galleries.
Bowers and Merena Galleries sold the first four parts of the Bass
Collection beginning in 1999, realizing more than $37 million. Stack’s
and Bowers and Merena recently merged to form Stack’s Bowers Galleries.
For more information on this auction or consigning to a future
auction, visit the website www.stacksbowers.com or contact
Christine Karstedt at firstname.lastname@example.org. ■