CSNS Currency Auction Realizes $3.9 Million-plus
Posted on 5/22/2012
The Heritage Signature currency auction during the Central States Numismatic convention realized $3,945,834.
The auction of more than 1,800 lots of U.S. and world paper money took place April 18 to 20 in Schaumburg, Ill.
The note attracting the largest bid of the auction at $138,000 was a Series 1905 $20 gold certificate, Friedberg 1179 (Paper Money of the United States by Arthur L. Friedberg and Ira S. Friedberg), graded Superb Gem Uncirculated 67 Exceptional Paper Quality by Paper Money Guaranty. The catalog indicates this note is the “lone third party graded Superb Gem Fr. 1179 to ever be offered to the collecting community, with nothing close to it in regards to condition” since the offering of another example of the note in a 1999 Currency Auctions of America sale.
The note grabbing the second-largest winning bid was a Series 1934 $10,000 Federal Reserve note, graded PMG Uncirculated 62, which realized $86,250. The note was part of the Binion Hoard formerly on display at the millionaire's entryway to Binion's Horseshoe Hotel and Casino in Las Vegas.
For more information about the auction write to Heritage Auctions, 3500 Maple Ave., Dallas, TX 75219, or contact the firm by telephone at 800-872-6467 or on the firm’s website at www.HA.com/currency.
Some American and U.S. highlights:
April 11, 1778, $5 Continental Currency note, PMG About Uncirculated 55, $1,840.
$3 obsolete note proof for the Forest City Bank (Cleveland, Ohio), punch canceled, PMG Choice Uncirculated 64, $690.
1861 Confederate States of America $10 note, PMG Choice AU 58, $1,265.
1863 Confederate States of America $100 note, PMG Choice Uncirculated 63 Exceptional Paper Quality, $373.75.
Series 1902 $20 national bank note for the First National Bank of Ringling (Oklahoma), F-657, PMG Choice Fine 15, $575.
Series 1928D $2 United States note, F-1505, PMG Superb Gem Uncirculated 67 EPQ, $623.50.
Series 1933 $10 silver certificate, F-1700, PMG AU-53, $10,350.
Series 1928 $20 Federal Reserve note, F-2050A, PMG AU 50 EPQ, $632.50.
Series 1899 $5 silver certificate, F-271, PMG AU-55, $2,070.
Series 1918 $2 Federal Reserve Bank note, F-749, PMG Choice AU-58 EPQ, $1,552.50.
Series 1918 $5 Federal Reserve Bank note, F-804, PMG EF-40 EPQ, $1,495.
Series 1900 $10,000 gold certificate, F-1225h, PMG Choice Uncirculated 64, $4,312.50.
This article was first published as part of the Web Content, Paper Money section of Coin World
The thoughts and opinions in this piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.