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High Grade Confederate Currency, 1928 $5,000 and Rare National Banknotes Highlight the Stack’s Bowers ANA Currency Auction
Author: Stack's Bowers Galleries
Thursday, August 10, 2017
SANTA ANA, CA. (August 9, 2017) — The auction room of the Stack's Bowers Galleries Official United States Currency Auction at the ANA World's Fair of Money bustled with activity the evening of August 2, as bidders eagerly competed for a diverse offering of collectible paper money. Prices realized for the auction totaled $2,300,756. All prices quoted include the buyer's fee.
The eagerly anticipated sale of the Cleo Collection of Confederate Paper Money was met with intense bidding and saw multiple price records set for various types including $30,550 for a T-31 1861 $5 graded Choice About New 58 by PCGS (lot #10119). A T-32 1861 $5 graded About Uncirculated 53 by PMG was sold for $28,200 (lot #10120). Both lots carried pre-auction estimates of $7,000-$10,000. Other impressive results from the Cleo Collection included $39,950 paid for a T-2 1861 $500 graded Very Fine 30 by PMG (lot #10090) and $32,900 realized for a T-35 1861 $5 graded PMG Very Fine 25 Net (lot #10123). In total, the Cleo Collection brought more than $420,000.
The highest grossing large size type note of the auction was lot #10321, a Fr.1133-A 1918 $1000 FRN from Boston. The PCGS Extremely Fine 40 PPQ graded note is the finest graded for the catalog number and sold for $76,375. Also among large size currency, a scarce Fr.1192 1882 $50 Gold Certificate graded Very Fine 30 "Minor Restoration" by PMG garnered $28,200 (lot #10328).
In small size currency, high denomination notes were the top earners with lot #10374, a Fr.2200-L 1928 $500 FRN from San Francisco graded PMG Gem Uncirculated 66 EPQ, selling for $25,850. A small size note was also the highest grossing single lot of the auction; a lovely Fr.2220-F 1928 $5000 FRN from Atlanta graded PCGS Very Fine 30 PPQ realized $129,250 (lot #10401).
National Currency saw a number of five-figure prices. A newly discovered serial #1 1882 $10 Brown Back from the American National Bank of Deadwood, South Dakota, CH #4983, graded Very Fine 30 PPQ by PCGS, sold for $64,625 (lot #10533). A desirable serial #1 Red Seal from the First National Bank of Bellingham, Washington, CH #7372, graded Extremely Fine 45 PPQ by PCGS, brought $39,950 (lot #10547).
Stack's Bowers Galleries is now accepting consignments of US currency for their November Official Currency Auction of the Whitman Coin & Collectibles Baltimore Expo. The consignment deadline for that auction is September 12, 2017. To consign your notes to this great event contact Currency Specialist Brad Ciociola today at 919-650-9418 or email email@example.com.
About Stack's Bowers Galleries
Stack's Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.
Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Santa Ana, California, with offices in New York, Wolfeboro, Hong Kong, and Paris. Stack's Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.