Money tells a story. A Series 1935E $1 silver certificate star note
(Friedberg 1613N*) is listed in “Paper Money Values” as worth anywhere
from $4 in Very Good to $40 in Choice Crisp Uncirculated.
What is it that would make people want to bid upwards of $150 on a
particular example of the note? The answer is what comes with it and
where it has been.
Three rarities are identified among the smallest
Also in our Nov. 13 issue, columnists dissect a few poor attempts
at counterfeiting American rarities and explain an obsession to
search for surprise coins.
In this case, 225 feet deep at the bottom of the ocean, as a result
of the July 26, 1956, shipwreck of the Italian luxury liner Andrea
Doria. The ship was rammed off the Massachusetts coast in a
midnight fog by the Swedish passenger ship Stockholm.
The note is featured as lot 502 in a Daniel Frank Sedwick LLC
auction sale closing on Nov. 2. Included with a note is the Life
magazine issue of Sept. 17,1956, and a DVD telling the ship’s tale.
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The note’s PCGS Currency “B” Grade holder states that the note, with
stains and some damage, was recovered from the Andrea Doria’s
first class safe on Aug. 17, 1984. Considering that it spent 28
years in salt water, it is in remarkable condition, no doubt a
testament to a very good safe.