of the most hectic paper money auction seasons in recent memory came
to a close in November with the Lyn Knight sale at the Professional
Currency Dealers Association show. The results showed once again that
fresh, rare material will always attract deserving prices. Knight’s
auction proved this especially in the national bank note and
small-size note categories. Overall, however, common notes, even those
in high grades, are not being traded at elevated levels of enthusiasm.
States paper money activity is continuing to focus on the various
auction venues, all of which took a break for the month of December.
The respite will not last long. On Jan. 6 the Heritage Auctions sale
at the Florida United Numismatists show in Tampa will offer more than
1,700 national bank notes, 681 large-size notes and 723 small-size
notes of various types, as well as fractionals, colonials, errors, and obsoletes.
again, the highest-priced note is expected to be a small-size $10,000 note — this one a Friedberg
2231-B Series 1934 Federal Reserve note from the New York district in
Paper Money Guaranty Choice Uncirculated 64. It comes from the old
Binion Casino display in Las Vegas and Heritage estimates it at from
$125,000 to $175,000.
only other lot expected to sell for six figures is also a small-size
issue. A $100 1928 gold certificate (F-2405) is graded PMG Gem
Uncirculated 66 EPQ, making it one of only two notes graded this high
by either paper money grading service.
large-size type notes a few stand out, none more so than a serial
number 1 F-757 $2 1918 Federal Reserve Bank note in PMG Choice
Uncirculated 64 and estimated at a minimum of $50,000. This particular
piece traces its lineage back to the June 1946 Grinnell sale where it
was paired in a lot with the corresponding $5 number 1 note. The duo
sold for $62.
Connect with Coin World:
we observed throughout the fall, national bank notes are drawing
renewed interest. The Tampa auction will have at least four lots that
should attract five-figure bids. Leading them all at $40,000 to
$60,000 is a newly discovered serial number 1 $5 1882 Brown Back note
of the First National Bank San Diego. PMG graded it Extremely Fine 40.
Several other nationals are projected at $20,000 to $30,000 each. One
is a $10 1902 Plain Back note from The First National Bank of
Tombstone (Arizona). It is graded PCGS Currency Very Fine 20 and is
the first offering from this bank in four years. The other two are
from the First Charter Period. One is another new discovery, a $5 1875
note from The First National Bank of Hamburg (Iowa). Its grade of PMG
VF-30 Net is irrelevant, since this note is unique for the bank and
with only $345 worth of currency reported as outstanding, the odds of
there being another one are slim. Finally, a serial number 1 Original
Series Lazy Deuce issue, a $2 note (F-389) from the First National
Bank of Kankakee (Illinois) in a grade of PMG VF-30 Net makes its
first appearance on the market since 2007.