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Lot 13196 |
National City, CA - $10 1902 Date Back Fr. 618 The Peoples NB Ch. # (P)9512. ...
2008 September Long Beach, CA CAA Signature Auction #3502
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
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Reserve (If Any) Not Posted Yet:
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Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a consignor reserve.
(Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Minimum Bid:
Lots bearing bidding estimates shall open at Auctioneer's discretion (approximately 25% to 60% of the low estimate).
What's This?
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Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
A fantastic new discovery from San Diego County, probably the most avidly collected county in California at present. This short lived institution issued only Third Charter Date Backs and Plain Backs before entering receivership in 1921. Prior to the emergence of this note, the census from here consisted of a single very well circulated example that we sold back in 1999 as part of Charley Colver's magnificent California collection along with one other note which has never been reported and allegedly is in the hands of a San Diego area collector. Charley had obtained his note back in the 1960's, and, despite forty years of effort, it was the sole note he ever was able to obtain from this location. Estimated at $3500-6500, it sold for $17,600. After one reappearance the following year, that piece has now disappeared into a major California collection and is unlikely to be seen by the present generation of collectors. This new to the market piece comes from the family of one of the bank's officers. It is the serial number 1 note from the "A" position, truly the first note issued from this bank, and a piece which was clearly kept by the family from the time the note arrived at the bank until earlier this year. Over the years it has received its share of storage folds, compelling our grade of Very Fine, but this example is still light years higher grade than the one other note that has ever been available from this excessively rare community. Any estimate here is but a mere conjecture, but we expect this classic California rarity to certainly reach and perhaps well exceed... Estimate: $60,000 - $80,000.
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Service and Handling Description: Coins & Currency (view shipping information)
| Lot | Date | Realized |
|---|---|---|
| Auction 3514, Lot 18941 | Monday, September 12, 2011 | $149.50 |
| Auction 3506, Lot 13038 | Sunday, September 13, 2009 | $1,150.00 |
| Auction 3500, Lot 13478 | Saturday, April 19, 2008 | $920.00 |
| Auction 456, Lot 14738 | Saturday, January 12, 2008 | $776.25 |
| Auction 456, Lot 14823 | Saturday, January 12, 2008 | $2,760.00 |
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PLEASE NOTE:
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in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
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