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Lot
17127

Fr. 379b $1000 1890 Treasury Note PCGS Extremely Fine 40.. ...

2014 January 8 - 10 & 13 FUN US Currency Signature Auction - Orlando #3526

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Auction Ended On: Jan 10, 2014
Item Activity: 1 Internet/mail/phone bidders Number of Bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
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1890 Small Seal Grand Watermelon - Unique in Collector Hands
Fr. 379b $1000 1890 Treasury Note PCGS Extremely Fine 40.
Unique in collector hands, this note was previously owned by Albert Grinnell and sold in Barney Bluestone's November 25, 1944 sale as lot 224. It remained off the market until the 1970 ANA sale, when it was sold by Rarcoa as lot 1743. This note was placed privately by Heritage into the Greensboro Collection in 2006 along with the unique 1891 $1000 Treasury note which we auctioned last April for $2,585,000. In that transaction, this note was priced at $2,225,000. This note shares the identical face design with the Open Back we sold last April, the only differences in the design are the date, this is Series 1890, that was Series 1891, and the signatures. This note is signed by W.S. Rosecrans and E. H. Nebeker. The 1891 $1000 is signed by Tillman and Morgan. The back designs are entirely different. This is the final iteration of the "Grand Watermelon" design. The note's nickname has been derived from the resemblance of the three large zeros on the back to watermelons. The 1890 $100 Treasury Note has two of these zeros and has always been referred to as the "Watermelon" note. This $1000 has earned the Grand Watermelon moniker. This is the most famous of all US type notes and only three collectors can simultaneously hold this type. There are just two Fr. 379a's available to collectors and it shares the design with the unique in private hands Small Red Seal 379b which is being offered this evening. We sold one of the two 379a's last April for $1,527,500. Tonight's offering is of the "rare" 379b which is the only small seal Grand Watermelon outside of government hands. The 1890 $1000 Treasury note received the number one spot and was entitled "A Legendary Rarity" in the 100 Greatest American Currency Notes by Q. David Bowers and David M. Sundman published in 2006. We seldom have the luxury of recent sale records when offering incredible rarities. In this instance we have the equally rare and similarly graded Fr. 379c which sold last April. We are quite confident that our estimate this evening will be reached or exceeded.
From The Greensboro Collection Part III

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