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Lot 14628 |
Fr. 2221-F $5000 1934 Light Green Seal Federal Reserve Note. PMG Choice Extremely Fine 45 Net.. ...
2008 September Long Beach, CA CAA Signature Auction #3502
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Bid Information
For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.Minimum Next Bid
Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
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.
| Sold for: |
$92,000.00
(includes BP  ) Bid Source: Live: Floor bidder |
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| Make Offer: |
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| Auction Ended On: | Sep 19, 2008 | |
| Item Activity: |
4 Internet/mail/phone bidders
3,943 page views |
The attraction of high denomination notes goes beyond just their face value. Since most high denoms were printed mostly for bank to bank transactions, the production runs were small in most every instance. Originally, only 3,600 Series 1934 $5,000 notes were printed for the Atlanta district and most were ultimately redeemed. This recent discovery raises the known survivors from this district to just two examples. The serial number displayed of F0000014A is the lowest known. PMG has commented about a tear restoration which if in the hands of the proper conservator could very well be virtually eliminated. The surfaces are still fully bright and looking strong for the grade while the light green seal and serial numbers are original and well embossed. Estimate: $90,000 - $120,000.
View large image(s) of this item
Service and Handling Description: Coins & Currency (view shipping information)
| Lot | Date | Realized |
|---|---|---|
| Auction 3510, Lot 12828 | Monday, June 21, 2010 | $63,250.00 |
| Auction 3508, Lot 14133 | Monday, January 11, 2010 | $97,750.00 |
| Auction 3500, Lot 14866 | Saturday, April 19, 2008 | $109,250.00 |
| Auction 418, Lot 18023 | Friday, September 15, 2006 | $69,000.00 |
| Auction 364, Lot 16609 | Saturday, February 19, 2005 | $41,400.00 |
| View prices realized on more items like this (you must be signed in) | ||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
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.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.| Service | Grade | Population in this Grade |
Population of All Higher Grades |
Population in All Grades |
|---|---|---|---|---|
| PCGS | Extremely Fine 45 | 1 | 6 | 8 |
| PMG | Choice Extremely Fine 45 | 0 | 6 | 8 |
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