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Lot 14929 |
Fr. 1192a $50 1882 Gold Certificate PMG Very Fine 25....
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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Consignor Has Not Yet Submitted a Reserve:
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No Reserve:
This lot is being sold without a consignor reserve.
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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.
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What's This?
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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: |
$287,500.00
(includes BP  ) Bid Source: Post Auction Buy bidder |
| Auction Ended On: | Sep 19, 2008 |
| Item Activity: |
2 Internet/mail/phone bidders
9,431 page views |
Description:
Unique Fr. 1192a
Fr. 1192a $50 1882 Gold Certificate PMG Very Fine 25. Central States in 2006 was the backdrop for the last auction appearance of this unique note. At the time, our description included the story of its discovery, "This note originally surfaced at a Milwaukee coin show in late 1989. It was first presented to the public in Stack's January 16, 1990 auction. Stack's introduced it to the collecting community as follows: 'Very rarely in American Numismatics, is a completely new and important variety discovered. That such an event should occur is newsworthy; that it should happen in such a well-researched field as Large Sized currency is truly extraordinary. The Friedbergs have informed us that this newly discovered variety will be listed as Fr. 1192a in all future additions of their work.' In fact, that listing has occurred and this Fr. 1192a remains a unique and highly important piece. Prior to the discovery of this note, all Rosecrans and Huston-signed $50 Gold Certificates have the Large Brown Seal. According to Treasury records, as researched by Doug Murray, the printing of Rosecrans-Huston signed notes was completed during January of 1891 and the use of the Small Red Scalloped Seal did not begin until June of 1891. If the Treasury records are accepted as accurate, this note cannot exist. It's also an interesting point that the small Red Seal is located at the bottom center of the note - a position that was not used on any other Small Red Seal variety. The note itself is problem-free, strictly original, and unmolested, as well as being well margined, bright and attractive. Not only is Fr. 1192a unique as a Friedberg number, but it remains, and always likely will remain, unique as a Type." Today it is hard to imagine any unique large size note is worth less than our estimate, and, if two determined and well financed collectors decide to compete for this treasure, a seven figure realization can not be discounted.From The Jupiter Collection
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Service and Handling Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Realized |
|---|---|---|
| Auction 406, Lot 17351 | Saturday, April 29, 2006 | $299,000.00 |
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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.Population Guide
| Service | Grade | Population in this Grade |
Population of All Higher Grades |
Population in All Grades |
|---|---|---|---|---|
| PCGS | Very Fine 25 | 0 | 0 | 1 |
| PMG | Very Fine 25 | 1 | 0 | 1 |
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