Several PMG-Certified Rarities Expected to Realize Six Figures at ANA

Posted on 7/29/2019

Rare banknotes from the US and India are highlights in the Stack's Bowers Chicago auctions in August.

Two rare, PMG-certified American notes are estimated to sell for over $200,000 each in the Stack's Bowers currency auctions being held Aug. 16-18 in Chicago.

The first was issued not long after the Civil War ended: an 1869 $50 "Rainbow" Legal Tender Note graded PMG 58 Choice About Uncirculated EPQ. It features a portrait of Congressman Henry Clay, a former Speaker of the House and Secretary of State.

1869 $50 Legal Tender, graded PMG 58 Choice About Uncirculated EPQ
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Issued in several denominations with the year 1869, “Rainbow” Legal Tender Notes like this one are so named for their colorful hues. They are both extremely rare and highly coveted today. The estimate for this note is $200,000 to $300,000.

1882 $1,000 Gold Certificate, graded PMG 25 Very Fine
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From a generation later, another PMG-graded rarity is an 1882 $1,000 Gold Certificate, with a Lyons-Roberts signature combination establishing its date of issue around the turn of the century.

Graded PMG 25 Very Fine, just 11 examples with this signature combination are known to exist. This note has an estimate of $200,000 to $300,000.

Both of these rarities were recently graded by PMG after being submitted through its CrossOver service, which was launched in February 2019 after PCGS Currency ceased operations. They are now covered by the comprehensive PMG Guarantee of authenticity and grade. To learn more about PMG's CrossOver service, click here.

Among the PMG-graded highlights from the US currency auctions (Part 1 and Part 2) are:

Meanwhile, PMG-certified notes dominate the Stack's Bowers world currency auction (Session B), including the lots with the top 10 estimates.

India Reserve Bank undated (1960) 10,000 Rupees Specimen, graded PMG 55 About Uncirculated
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Seven of these lots are from India, including the top lot, an India Reserve Bank undated (1960) 10,000 Rupees Specimen graded PMG 55 About Uncirculated. It has an estimate of $150,000 to $175,000.

Among the other PMG-graded highlights are:

All estimates are provided by the auction house and expressed in USD.

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