Strong Results Seen In $1.55+ Million Stack's Bowers ANA World's Fair Of Money Currency Auction
Posted on 8/21/2015
[IRVINE, Calif.] — Prices were strong in the Stack’s Bowers Galleries Official Currency Auction of the 2015 ANA World’s Fair of Money held August 14 and 17, as 339 lots of US currency realized more than $1.55 million. The prices realized were a positive indication for the market as it emerges from its usual summer slump. Adding to the optimism was a number of higher valued lots in multiple categories that sold either comfortably within or above their pre-auction estimates.
A flurry of spirited bidding for lot 40077, a Fr. 11 1861 $20 New York Demand Note Face and Back Proof Pair graded PMG Uncirculated 62 and Choice Uncirculated 64 EPQ respectively, saw the hammer drop for a final price of $64,625, more than triple its pre-auction estimate of $15,000-$20,000.
Condition census PMG graded notes and rare Friedberg number large size type notes were in high demand with a number selling in the mid-five figure range. Lot 40118 offered the finest of just nine known Fr. 155 1880 $50 Legal Tender Notes. Graded PMG Choice About Uncirculated 58, it sold for well above its $30,000-$40,000 estimate realizing a final price of $55,812.
One of the finest known Fr. 334 1891 $50 Silver Certificates, graded PMG Gem Uncirculated 66 EPQ, realized $49,937.50. This example (lot 40163) is exceptionally well centered and sharply printed example, and is one of only four graded at that level by PMG with one finer.
One of the finest PMG graded “Lazy Deuces” was sold for $35,250. The Fr. 391 1875 $2 from the La Crosse National Bank of La Crosse, Wisconsin Ch. #2344 is one of just nine examples of the design type to be graded by PMG as Gem Uncirculated 65 EPQ with none higher. It was estimated at $25,000-$35,000.
This is a guest article. 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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