PMG Notes Realize Terrific Results at Long Beach Heritage Signature Auction
Posted on 2/21/2012
The February Long Beach Heritage Signature Auction included a special fifty lot Signature Currency Auction. Among the notes offered was a highly prized example of US paper money, a $100 Watermelon note. The design of the number 100 on the back of the $100 1890 Treasury note resembles the outside rind of a watermelon, leading to its’ nickname. The note is included in the list of the 100 Greatest American Currency Notes.
A mere 120,000 of the Fr. 377 $100 1890 Treasury Notes were printed. With only about three dozen surviving examples of this denomination, and a quarter of those held in institutional collections, very few are available to meet collector demand.
This rare note graded by PMG as Very Fine 25 crossed the auction block on February 3, 2012 with an estimated auction price of at least $150,000 and realized $161,000!
Many other PMG graded treasures were included in the auction. A Fr. 1219e $1,000 1907 Gold Certificate graded Choice Uncirculated 64 realized a price of $195,500. The label specifies that this note displays great color. It is one of two of the highest graded of the fourteen notes of this type in the PMG Population Report.
Other auction highlights included a Fr. 372 $20 1890 Treasury Note graded Gem Uncirculated 65 EPQ realizing a price of $132,250 and a spectacular Fr. 1217 $500 1922 Gold Certificate PMG About Uncirculated 55 EPQ which realized $92,000.