Heritage Memphis Currency Auction Realizes $5.1 Million

by Heritage Auctions on July 1, 2010 · 0 comments

Rare U.S. and World notes make strong showing at International Paper Money Show

Dallas, TX — Heritage Auction Galleries’ Currency Signature® Auction held in Memphis, TN, June 17-19, in conjunction with the Memphis International Paper Money Show, showed continued strength in the rare currency market, successfully realizing $5.1 million.

Walla Walla, Washington Territory - $5 1875 Fr. 403 The First NB
The highest price realized in the auction came near the end of Session Three when a Walla Walla, Washington Territory – $5 1875 Fr. 403 The First NB Ch. # 2380 PMG Very Fine 25 crossed the auction block and was sold for $161,000

"This auction contained a wide variety of significant U.S. and World notes," said Allen Mincho, Director of Currency Auctions at Heritage, "and savvy collectors – both at the show and online – were more than happy to take advantage of the offerings."

Highlights from Session One included:

Other notable items from Session One included a rare Maryland Colonial Allegorical note that sold for $6,325 and three scarce Darwin, Calif., obsoletes that sold for more than $4,600 each.

High denomination Small Size Federal Reserve Notes led the prices realized results for Session Two, with a Fr. 2221-K $5000 1934 LGS Federal Reserve Note PMG Very Fine 30 bringing $63,250 and a Fr. 2231-K $10000 1934 Federal Reserve Note PCGS Apparent Very Fine 25 realizing $57,500.

The highest price realized in the auction came near the end of Session Three when a Walla Walla, Washington Territory – $5 1875 Fr. 403 The First NB Ch. # 2380 PMG Very Fine 25 crossed the auction block and was sold for $161,000. The Serial Number One Flagstaff, AZ – $5 1902 Plain Back Fr. 606 The First NB Ch. # (P)11120 PMG Choice Uncirculated 64 EPQ realized $69,000.

All of the prices realized include a 15% Buyer’s Premium.

About Heritage Auctions

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $600 million, and 500,000+ registered online bidder members.

For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

{ 0 comments… add one now }

Leave a Comment