There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid :
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
17485

Fr. 1166b $20 1863 Gold Certificate PCGS Very Fine 30.. ...

2013 January 9-14 Currency FUN Signature Auction - Orlando #3521

Sold for: Sign-in or Join (free & quick)
Auction Ended On: Jan 11, 2013
Item Activity: 3 Internet/mail/phone bidders Number of Bidders
3,097 page views
Location: Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Watch our video about this lot!
Iconic 1863 $20 Gold Certificate
Fr. 1166b $20 1863 Gold Certificate PCGS Very Fine 30.
Local banks and state governments supplied the large portion of the United States currency needs for nearly a century before the Civil War led to major changes. During times of war, hard currency, especially gold and silver, is hoarded. There was a need for a more prominent financial instrument to facilitate trade and more importantly fund the fight against the Confederacy. Not all of the newly printed and issued United States paper money was created equal. The value of Legal Tender notes, which were fiat currency, rose and fell with the victories and defeats of the Union. Demand Notes were redeemable for specie for just a short time before being relegated to "junk" status. The Gold Certificates of 1863 were intended to bring some stability to interbank trading since they were backed by gold on deposit with the Treasury and were less subject to the increasing perils of the war. However, Treasury records and dates on the notes reveal that they were actually issued between 1865 and 1869.

A total of 48,000 1863 $20 Gold Certificates were printed and issued. Since much of their use was between banks, they were subject to heavy redemption and today just six notes are known. There are two variations for the denomination. The first notes were countersigned by the Assistant Treasurer H.H. VanDyck. Later, the design was changed to add his engraved signature at the bottom. Just two of the hand signed notes are known, and four are known of the latter variety. This note is one of the four examples that feature the engraved signature of the Assistant Treasurer. Since two of the four "engraved" examples are cancelled and permanently impounded in the Bureau of Public Debt and the Smithsonian, collectors face the same odds of landing an example of either for their collection. Collectors who use Friedberg numbers as a guide should note that plate changes like those seen between the two emissions of 1863 Gold Certificates are rarely assigned Friedberg numbers. The die-hard specialist, with deep enough pockets and lots of enthusiasm, can easily justify the acquisition of both varieties.

Nearly a quarter century has passed since this piece was last offered to collectors at public auction. It changed hands just once privately since that 1990 offering. That auction appearance was a decade after it was offered by noted currency dealer Dean Oakes when it was included in his fixed price list at $100,000. Three of the four privately owned examples are in the VF grade range. The highest grade example, serial number 416, is listed in the census as an Extremely Fine with repairs. The present offering features four very large margins framing rich golden-yellow paper adorned with a deep red seal and serial numbers. Some minuscule pinholes are noted, and contrary to the usually negative connotation that their presence carries, they are a reminder that this note is fresh and has not been "enhanced" like so many early rarities. The last time any 1166b appeared at auction was nearly half a decade ago, with that piece, a CGA graded Very Fine 20, realizing $345,000. The bold eye appeal, rarity, and originality of the presently offered piece should easily carry this note past that number, with bidding likely reaching or exceeding...
From The Greensboro Collection

View all of [The Greensboro Collection ]
View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image


Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
866,754
bidder-members
$935,721,687
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Consign to the 2014 August 6 - 11 Currency Signature Auction -.
Learn About Consigning With Us
Very thorough, almost scholarly. Very accurate and honest.
M.L. ,
Rosemont, IL
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
REALIZED $305,199
CURRENCY SURVEY
You could win!
Take the Survey