Uncirculated Serial Number One SF Red Seals bring $638,250 to lead the $6.2+ million CSNS Currency Auction at Heritage Auctions
Heritage Auctions’ 2011 April Rosemont Central States Signature Currency Auction #3513, held in Chicago, IL, April 27-May 2 – in conjunction with the Central States Numismatic Society (CSNS) Convention, realized $6.2 million – including the non-floor session held on May 2. All prices include a 15% Buyer’s Premium.
Highlights from Session One included a number of World notes that brought strong prices, with a lovely blue and purple specimen Israel Anglo-Palestine Bank Limited £50 (1948-51) Pick 18s graded PMG Choice About Uncirculated 58 EPQ selling for $3,738. The leading Canadian lot was a PMG Gem Uncirculated 65 EPQ BC-27a $100 1937, which brought $6,325.
Among the Fractional Currency lots offered was a Fr. 1230 5¢ First Issue Uncut Sheet of Twenty, graded by PCGS as Very Choice New 64PPQ, that went for $6,325.
A fabulous PCGS graded Very Fine 20 Nashville, TN- Bank of Tennessee $500 Sept. 1, 1860 G506a Garland 902 was sold for $8,625 while Texas rarities continued to perform well as winning bids of $6,325 each went for a Austin, TX- Republic of Texas $10 Jan. 25, 1840 Cr. A5 Medlar 25 graded PCGS Very Choice New 64PPQ, CC and a rare Harrisburg, TX- Briscoe, Harris & Co. $5-$5-$10-$20 Medlar UNL Uncut Sheet that was graded Apparent Very Fine 25 by PCGS.
The two much anticipated Salt Lake City, UT- California & Salt Lake Mail Line notes, both graded PCGS Very Fine 25, outperformed the estimates, with the California & Salt Lake Mail Line $5 bringing $29,900 and the California & Salt Lake Mail Line $50 realizing $34,500. The excessively rare Richmond, VA- Virginia Treasury Note $100 Aug. 13, 1861 Cr. 1 Jones VT02-06 graded PMG Uncirculated 62 Net sold for $14,950.
Confederate offerings included a pleasing T15 $50 1861 PF-1 Cr. 79 graded PCGS Very Fine 25 that sold for $9,775 and a newly discovered T58 $20 1863 Inverted Back PF-UNL, CC crossed the auction block for $11,500. That note was graded PMG Very Fine 30. An excessively rare Series 661 50¢ Replacement graded PMG Very Fine 25 realized $2,990 among the offering of Military Payment Certificates.
Among the many wonderful Boston area offerings from the Capital District Collection, the Boston, MA – $2 Original Fr. 389 The Central NB Ch. # 2103 graded PMG About Uncirculated 50, one of two Serial Number One Lazy Deuces known from Massachusetts, sold for $32,200.
Session Three contained Small Size and Error notes and among the Small Size highlights was the Fr. 2221-B $5000 1934 Light Green Seal Federal Reserve Note graded PMG Choice Uncirculated 63 that sold for $92,000. Exceptional error notes included the Double Denomination Atlanta, GA – $20/$10 1882 Value Back Fr. 581 The Lowry NB Ch. # 5318 which realized $48,875 and the Atlanta, GA – $10/$20 1882 Value Back Fr. 577 The Lowry NB Ch. # 5318 that sold for $40,250. Both notes were graded PCGS About New 50.
- the Fr. 843a $5 1914 Red Seal Federal Reserve Note graded PCGS Gem New 65PPQ that sold for $109,250,
- the Fr. 903a $10 1914 Red Seal Federal Reserve Note graded PCGS Very Choice New 64PPQthat brought $86,250,
- the Fr. 963a $20 1914 Red Seal Federal Reserve Note graded PCGS Gem New 65PPQ that hammered for $86,250,
- the Fr. 1023a $50 1914 Red Seal Federal Reserve Note graded PCGS Choice New 63PPQ that realized $138,000, and
- the Fr. 1083a $100 1914 Red Seal Federal Reserve Note graded PCGS Very Choice New 64PPQ that sold for $218,500.
Two other Serial Number One Red Seals were also offered. The winning bid for the Kansas City Fr. 841a $5 1914 Red Seal Federal Reserve Note graded PCGS About New 50 was $18,400 while the Dallas Fr. 902a $10 1914 Red Seal Federal Reserve Note graded PCGS Extremely Fine 45PPQ example went for $37,375. An attractive Fr. 167a $100 1863 Legal Tender PMG Very Fine 20 Net sold for $63,250.
Session Five, the non-floor session, included a number of lots that competing bidders drove well above the pre-auction estimates.
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