PMG Notes Realize Great Results at CSNS Auction in Rosemont, IL

Posted on 5/24/2011

PMG-certified notes realized terrific pricing at Heritage's Central States Currency Auction — showing once again that PMG is the preferred third-party grading service!

[DALLAS, TX] — 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.

Bidders responded exceedingly well to the offering of Obsoletes presented. Several Missouri proofs brought strong bids and surpassed the estimates, including a St. Louis, MO- The Bank of St. Louis $1 G70a Proof graded PMG Choice Uncirculated 64 EPQ, 6 POC that sold for $4,312.50.

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 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.

Highlights from Session Two, National Bank notes, included Boston, MA - $50 / $100 National Gold Bank Note Specimens 1870 Hessler NGBE1 / NGBE2 The Kidder National Gold Bank Ch. #1699 graded PMG Gem Uncirculated 65 EPQ that sold for $74,750 and Nebraska Territory notes that brought strong prices, with the Omaha, NT - $1 Original Fr. 380 The First NB Ch. # 209 graded PMG Very Good 10 bringing $71,875 and the PMG graded Very Good 8 Nebraska City, NT - $2 Original Fr. 387 The Otoe County NB Ch. # 1417 realizing $54,625.

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.

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.

The thoughts and opinions in the piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.

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