Heritage Auctions - World's Largest Collectibles Auctioneer

Session 1

Colonial Notes

12001

Continental Currency February 17, 1776 $1/3 PMG About Uncirculated 53 EPQ. The scarcest denominations of this issue are the fractional denominations. This piece is evenly circulated.

12002

Continental Currency February 17, 1776 $3 Very Choice New. A lovely note, strongly printed on both sides and coming quite close to the full Gem grade due to margin thinness.

12003

Continental Currency February 17, 1776 $4 Extremely Fine-About New. (J)onathan (B)ayard Smith is a signer of this note that has two vertical folds visible. An inclusion is seen at lower left.

12004

Continental Currency February 17, 1776 $6 Choice New. A nice Continental, with strong signatures, a sharply printed Beaver vignette and decent centering of both sides.

12005

Continental Currency May 20, 1777 $3 Extremely Fine. A touch of softness is noticed on this example that still maintains strong signatures.

12006

Continental Currency Counterfeit April 11, 1778 $40 About New. A center fold is the only wear seen on this counterfeit note. The print matches with the last counterfeit noted in Newman, also, the back printing is a touch weak.

12007

Continental Currency Blue Paper Counterfeit Detector September 26, 1778 $5 PMG Choice Uncirculated 64 EPQ. This is a delightful blue paper counterfeit detector that was once stored inside of a piece of paper that comes with this lot and it reads, "Continental (Paper) Money of various denominations and dates. Given me by Miss Hannah Hazard of Jamestown Aug. 18, 1859 -." Three other high-grade counterfeit detector notes in this auction were also once stored inside this piece of paper.

12008

Continental Currency Blue Paper Counterfeit Detector September 26, 1778 $7 PMG Gem Uncirculated 65 EPQ. This counterfeit detector note once called the piece of paper mentioned above home for many years. The paper nicely preserved the note for our generation of collectors to enjoy.

12009

Continental Currency Blue Paper Counterfeit Detector September 26, 1778 $8 PMG Choice Uncirculated 64 EPQ. This sharply printed counterfeit detector is well preserved and bright.

12010

Continental Currency September 26, 1778 $30 PMG About Uncirculated 53. A great Blue Paper Detector note, with bright color and sharp printing. The bottom of the left face margin just barely touches the design. An unusually nice piece.

12011

Continental Currency September 26, 1778 $40 Contemporary Counterfeit PMG Gem Uncirculated 65 EPQ. Most 1778 contemporary counterfeits are from the highly spurious April 11, 1778 Yorktown issue. This note is boldly signed with clearly original paper surfaces and excellent margins. A regular issue Gem would garner a four-figure price but we suspect this one will not be too far off the mark.

12012

Continental Currency Blue Paper Counterfeit Detector September 26, 1778 $40 PMG Choice Uncirculated 64 EPQ. This is a lovely, nicely margined counterfeit detector note with perfect print quality. The piece of paper mentioned in lot 12007 also once held this note.

12013

Continental Currency September 26, 1778 $50 Contemporary Counterfeit PMG Choice Uncirculated 64 EPQ. A well margined contemporary counterfeit with the Pyramid emblem that has certainly earned the important "Exceptional Paper Quality" comment.

12014

Continental Currency September 26, 1778 $60 Contemporary Counterfeit PMG Choice Uncirculated 64 EPQ. The margins are a bit tight on the right but present all around. The signatures are strong, and the original embossing, which has earned this note its EPQ designation, can be easily seen through the third-party holder. This is a contemporary counterfeit that will fit rather nicely into any specialist's collection.

12015

Continental Currency January 14, 1779 $55 PCGS Extremely Fine 40PPQ. A center bend and some light corner bends account for the grade on this well embossed and lightly circulated issue.

12016

Continental Currency January 14, 1779 $70 PCGS Extremely Fine 40. The eye appeal of this lightly handled piece is About Uncirculated, though there are a couple too many folds to justify a higher grade.

12017

Connecticut May 10, 1775 40s Uncancelled About New. A lovely example of this somewhat tougher May 1775 issue that is well signed and numbered with good embossing. A single centerfold accounts for the grade, but regrettably there is a left side edge tear as well as a small central tear.

12018

Connecticut June 19, 1776 Uncancelled 9d PMG Choice Uncirculated 64 EPQ. A couple of chinks in the paper are noted, but are completely confined to the margins.

12019

Connecticut June 19, 1776 Uncancelled 1s/3d PMG Gem Uncirculated 65 EPQ. Full remaining signatures are noted on this well margined Gem.

12020

Connecticut June 19, 1776 Uncancelled 1s/3d PMG Gem Uncirculated 65 EPQ. This issue is as deeply embossed as one will find. The paper quality is pleasing and complements the eye appeal.

12021

Connecticut June 19, 1776 Uncancelled 1s/3d PMG Gem Uncirculated 65 EPQ. This is a wonderful note that offers plenty of eye appeal and strong signatures. Uncancelled examples such as this are quite elusive at this lofty grade level. Expect some serious competition to take this gorgeous piece home.

12022

Connecticut June 19, 1776 1s/3d PMG Choice Uncirculated 64 EPQ. This is another pleasing uncancelled example which displays dark inks and plenty of original embossing.

12023

Connecticut June 19, 1776 Uncancelled 1s/6d PMG Choice Uncirculated 64 EPQ. A pleasing issue with original paper waves visible through the third party holder.

12024

Connecticut June 19, 1776 Uncancelled 1s/6d PMG Choice Uncirculated 64 EPQ. Incredible embossing and superior paper quality are found on this Uncancelled Connecticut note. The signature and serial number are bold and the eye appeal is that of a screaming Gem.

12025

Connecticut June 19, 1776 2s PMG Gem Uncirculated 65 EPQ. This uncancelled Gem boasts pleasing paper quality and solid margins.

12026

Connecticut June 19, 1776 Uncancelled 2s PMG Choice Uncirculated 64 EPQ. Fresh, original paper waves are noted. Interestingly, this is one of only about a half dozen examples of this denomination that we've handled.

12027

Delaware January 1, 1776 4s PMG Gem Uncirculated 66 EPQ. Broad margins and wavy original paper create very pleasing eye appeal. This is nearly consecutive to the other PMG 66 EPQ offered in this auction.

12028

Delaware January 1, 1776 5s Choice New. The signatures are dark on this nicely preserved example.

12029

Delaware January 1, 1776 10s PMG Gem Uncirculated 66 EPQ. This piece is a near consecutive friend of the other PMG 66 EPQ example offered here and is as original with the same boardwalk margins.

12030

Delaware May 1, 1777 3d PMG Choice Uncirculated 64. This scarcer Delaware note faces up as a superb gem with bold printing, great centering and superb embossing. PMG has commented "Hinged" as there appears to be some petty corner mounting remnants.

12031

Delaware May 1, 1777 3d PMG About Uncirculated 55. This note is from the much scarcer 1777 issue and has been blessed with gargantuan margins and superb print quality. But for a small cornerfold in the lower left corner this example would easily garner some type of gem grade. If you are waiting for this note to sell for typical AU money then you better be prepared to wait for a long time.

12032

Delaware May 1, 1777 3d & 6d Uncut Pair About New. A couple of corners are missing on this widely margined pair. Tough as individual pieces, but desirable as a pair.

12033

Delaware May 1, 1777 4d PMG Gem Uncirculated 66 EPQ. This is certainly as nice as any example we have sold from this scarcer 1777 issue. The print quality is absolutely superb and is accompanied by a bold signature and serial number. Solid margins and near perfect centering account for the high third party grade.

12034

Delaware May 1, 1777 6d PMG Gem Uncirculated 65 EPQ. The highest example yet graded by PMG for this number. As a type, 1777 Delaware's are far scarcer than the 1776 issue. A small group of high grade pieces appeared a number of years ago, but they have not yet worked their way through the grading services. Not a whole lot of them will make it to this 65 EPQ level.

12035

Georgia 1776 3d PMG About Uncirculated 55. PMG has commented "Remainder," although in all likelihood, this is an issued note with one of the signatures faded. The lower denomination notes of this issue are generally unnumbered. About Uncirculated 55 is a very high grade for this issue.

12036

Georgia 1776 6d PMG Choice Very Fine 35 EPQ. A well-margined, well-signed and problem-free example of a low denomination note that is seldom seen.

12037

Georgia 1776 - Crown (two border varieties) 5s PMG Very Fine 20. This is a very nice example of this very scarce Crown variety. We have only sold three others in recent years with the finest of those a similarly graded example that sold for $1840 a few months ago. This note faces up wonderfully and will make any Georgia collector proud to display it to his friends.

12038

Georgia 1776 $1/4 PMG Choice About Unc 58 EPQ. Tremendous grade for this fractional-dollar-denominated Georgia. The soft thin paper of this issue almost never escaped tears, splits, or holes. PMG has graded quite a few Georgia Colonials, but there most recent census indicates that this 58 EPQ is the highest graded example from any issue for this challenging Colony.

12039

Georgia 1776 $1/4 PMG Choice About Unc 58. This Georgia fractional denomination note is printed on fresh and bright paper, with bold signatures and exceptional embossing. Maybe the "EPQ" machine was broken the day this note was slabbed.

12040

Georgia 1776 $1 Very Fine. The blue seal remains bold and well impressed through to the back. Colored seal Georgia notes have been very strong in the present marketplace. This example faces up nicely although there are numerous tears and tape repairs throughout.

12041

Georgia 1776 $2 PMG Very Good 8 Net. This note has been backed with contemporary newsprint due to some minor problems but the signatures are bold and the Floating Jugs emblem still clear.

12042

Georgia 1776 $2 PMG Very Good 10. The note has a fair amount of circulation and repaired splits on the left, which are also noted on the back of the holder. All five signatures are strong, and the top of the blue seal has faded over time.

12043

Georgia June 8, 1777 $1 Fine. This is a popular and attractive issue, with the internal paper surfaces grading Very Fine, however the lower right corner has obviously seen better days.

12044

Georgia June 8, 1777 $3 PMG Net Very Good 8 This Georgia note has bold signatures, a bright orange seal and low serial number 36. There are a couple of small edge chinks and some minor repairs which are visible primarily from the back, which PMG has noted on the back, "Center Repair; Splits". This is still a more elusive issue which should garner some interest from collectors.

12045

Georgia September 10, 1777 $1/2 PMG About Uncirculated 50. This is a wonderful example of a very scarce issue and the half dollar denomination is listed in Friedberg as being the scarcest and one of the most valuable. The paper is unusually bright for a Georgia note and there are two bold signatures and a bold serial number.

12046

Georgia May 4,1778 $20 PMG Choice Very Fine 35 EPQ. This is a nice upper mid-grade note that displays bright paper and dark signatures. The rattlesnake vignette is weak, mostly in the Latin motto area.

12047

Maryland 1733 1s Uncut Sheet of Five Two Examples New. This pair of remainder attached uncut sheets was removed from its original book as the binding holes at center will attest to. The full indent and stub also remain on these sheets. Sheets are rarely seen today as they have gone under the blade to supply single notes to collectors. This issue was printed in England on watermarked "MARYLAND" paper. The position of these interesting notes on a sheet from this issue are determined by the number of "*" in the lower left corner. This pair is graded New as there are no folds, but there is aging, chipping, and tears along the edges. Both top notes also have a small hole near center.

12048

Maryland 1733 5s Uncut Sheet of Five Extremely Fine. This is an extremely rare denomination in sheet form. In fact, even the Ford Collection lacked an example. The top note is missing a section of the indent and stub that extends a little bit into the second note. The fourth note is missing an area in the lower right corner, and the fifth note is missing the left edge and its bottom third. What is here grades XF as there are folds in the first and last note. There is some edge chipping and small tears on this remainder sheet. Nonetheless, its rarity cannot be denied.

12049

Maryland 1733 10s Uncut Sheet of Five New. This sheet is without folds and thus demands the New grade. However, the lower left stub corner is missing. The edges display some minor chipping and a few edge tears are noticed with the longest being approximately a half an inch. Despite these ailments, this is a nice remainder sheet for this early issue.

12050

Maryland 1733 15s Uncut Sheet of Five About New. Corner folds and a lateral bend through the fourth note account for the grade. Edge chipping is mostly restricted to the first note and a few dispersed edge tears are also found with the longest being approximately a half an inch. Still a rare remainder sheet that possesses its indent and stub.

12051

Maryland 1733 20s Uncut Sheet of Five Two Examples New. This duo was removed from its original book with great care thus enabling these remainder sheets to stay together. There are not any folds on the sheets therefore the assigned grade of New. The paper of both sheets shows aging and there is minor edge chipping. The final notes on both sheets have an approximate half inch edge tear. This is another sheet from this issue that is seldom available.

12052

Maryland 178_ Anderson MD 11 Extremely Fine. This is the only MD11 we have been able to offer over the years. A few blue ink spots are noticed in the top margin and the lower right corner shows handling that includes a couple of small tears. The longest tear is approximately a quarter of an inch. Nonetheless, this is an elusive paper money item. It is rated a high R7, 4 to 6 known in The Price of Liberty by William G. Anderson.

12053

Massachusetts June 18, 1776 4s/6d PMG Choice Very Fine 35. This is the first time a note of this type has appeared at auction with us in over five years. The signature and serial number remain legible.

12054

Massachusetts October 18, 1776 1s/6d About New. Only the second Small Change Codfish issue of this denomination to appear in one of our auctions. A diagonal fold is all that affects this note, which had its face printed by Paul Revere.

12055

Massachusetts October 18, 1776 4s/6d PMG Very Fine 25, 4s PMG Choice Fine 15. The 4s/6d becomes only the sixth and highest graded example from this popular Codfish issue to grace one of our auctions in six years. There are broad margins on all sides with a bold signature and superb codfish design. But for a better centered back this would likely be a half grade higher. Also in this lot is this Small Change Codfish 4s note that was printed by Paul Revere using face plates that he engraved. The backs were printed by John Gill. It's problem-free for the grade, suffering from the usual pinholes and a split becoming only the fourth example to be offered by us.

12056

New Hampshire November 3, 1775 40s Extremely Fine. Listed as a Contemporary Counterfeit in Newman, but properly signed and printed in the shop of the man who printed the genuine notes. These notes have always been collected as avidly as the genuinely-issued pieces, and this one is an extremely nice example. It has a centerfold, which has been partially split and neatly repaired. Another soft fold is also visible.

12057

New Hampshire April 29, 1780 $20 PMG Choice Uncirculated 64 EPQ HOC. An attractive example of this hole cancelled issue, with margins on all sides protecting the important design elements.

12058

New Jersey April 16, 1764 £3 PMG About Uncirculated 55 EPQ. Superb original embossing and bold signatures are found on this bright and colorful early New Jersey note. This is only the fourth example we have sold recently of this much scarcer denomination.

12059

New Jersey February 20, 1776 30s PMG Choice About Unc 58 EPQ. Above the Very Fine grade these are listed only as "rare" in Friedberg. Before this note with dark signatures was third-party graded, it was held within a piece of paper that reads, "Paper Money of New York, New Jersey, & Pennsylvania - Given me by Miss Hannah Hazard of Jamestown Aug. 18, 1859 -." This piece of paper is included with this lot.

12060

New Jersey February 20, 1776 £3 PMG About Uncirculated 55 EPQ. A boldly signed and numbered example of this very scarce denomination which has good embossing and "Exceptional Paper Quality." We have only sold one example prior to this one and that was over two years ago.

12061

New Jersey March 25, 1776 1s PMG Choice Uncirculated 64 EPQ. Bold embossing and remaining signatures add to the appeal of this issue.

12062

New Jersey March 25, 1776 18d PMG Choice Uncirculated 64 EPQ. The margins are full on three sides and the red printed details remain bold.

12063

New Jersey March 25, 1776 18d PMG Choice Uncirculated 63 EPQ. Gem quality margins and bold color complement the original paper quality.

12064

New Jersey March 25, 1776 3s PMG Gem Uncirculated 65 EPQ. A wonderfully margined and well centered example that has superb embossing and bold signatures. It certainly appears to be deserving of a higher grade.

12065

New Jersey March 25, 1776 3s PMG Gem Uncirculated 65 EPQ. Solid margins frame this original and fully uncirculated Gem.

12066

New Jersey March 25, 1776 3s PMG Choice Uncirculated 64 EPQ. A tight margin on top keeps this pleasing piece from a Gem grade.

12067

New Jersey March 25, 1776 3s PMG Choice Uncirculated 63 EPQ. Bright, original paper is noted on this wholly original piece.

12068

New Jersey March 25, 1776 3s PMG Choice Uncirculated 63 EPQ. A deep red overprint contrasts with the original paper.

12069

New Jersey March 25, 1776 6s PMG Gem Uncirculated 65 EPQ. Solid signatures grace the fully original paper.

12070

New Jersey March 25, 1776 6s PMG Choice Uncirculated 64. Some light foxing is present on this otherwise fully uncirculated and deeply embossed note.

12071

New Jersey March 25, 1776 12s PMG Choice Uncirculated 64 EPQ. The inks are dark, signatures are strong, print detail excellent, and the embossing is easily seen on this 130 year old example.

12072

New Jersey March 25, 1776 15s PMG Choice About Unc 58 EPQ. This Gem looking issue is fully original, though a lone center bend restricts the grade.

12073

New Jersey June 9, 1780 $4 Very Fine-Extremely Fine. This marks only the second offering of this note by us. Strong signatures remain despite the light circulation.

12074

New Jersey 1786 3s Very Fine. A rare New Jersey issue, and one of the very few we've seen in any grade. This one is well margined save for the left edge of the bottom, and it's clean and free of damage. This number is not priced above Very Good in Friedberg or Fine in Newman.

12075

New Jersey 1786 3s PMG Fine 12. Over the years CAA has handled nine notes from this issue, but few have had the appearance of this piece. It is extremely well signed with the red overprint fully bright. A short internal split has been closed which accounts for the PMG "Repaired" comment, but the note is far above the typically encountered example from this rare issue. This is the final New Jersey issue, and although it was printed in quantities comparable to the previous issues, very few examples have survived.

12076

New York January 6, 1776 (Water Works) 4s PMG Gem Uncirculated 65 EPQ. This serial number 52 note was one of only 2,500 printed. The signatures remain strong and the paper is ideally original.

12077

New York January 6, 1776 (Water Works) 4s PMG Choice Uncirculated 63. A very nice Water Works note that faces up as a delightful example with great embossing and exceptional eye appeal. When held to light it becomes evident why the "EPQ" designation was omitted.....there are some small internal pinholes and thin spots.

12078

New York January 6, 1776 (Water Works) 4s PMG About Uncirculated 55. This is another nice Water Works note that has good eye appeal and excellent embossing. Much like the previous serial number example, this note has some internal pinholes which have kept the "EPQ" designation at bay.

12079

New York January 6, 1776 (Water Works) 8s PCGS Choice New 63PPQ. Two different stocks of paper were glued together for the paper supply of this issue. The face is of a bright paper, while for the back a dark coarser stock was used. The signatures were done in red and black ink. This example has been nicely preserved.

12080

New York March 5, 1776 $1/6 PCGS About New 50. This note is cut close across the bottom, but it is beautifully signed, well-printed, and quite attractive. New York is a surprisingly difficult colony from which to obtain attractive notes.

12081

New York March 5,1776 (Water Works) 8s PMG Choice Uncirculated 64 EPQ. We have handled only one other nicer example of this pleasingly original denomination.

12082

North Carolina April 4, 1748 20s Fine-Very Fine. In recent years, a small hoard of 1748 and 1754 North Carolinas has reached the market, but the notes are in uniformly wretched shape, with major pieces missing all around. This 20s example has a perfectly clear, undamaged unicorn vignette and is not missing any edge pieces. The signatures are quite weak, and the note has numerous pinholes and repaired splits from a previous backing, but it's an outstanding example of its type.

12083

North Carolina December 15, 1757 £5 Very Fine. The variety with "Pay-ment" hyphenated and on two lines. This example is split and backed, but fully present, with good margins and decent signatures. It's an extremely rare note, unpriced in Newman or Friedberg in any grade. These notes paid interest and were receivable for taxes. Consequently, very few of this small issue survived redemption. An important piece for the specialist.

12084

North Carolina December 15, 1757 £5 Very Fine. Contemporarily backed but in far better condition than what one would expect for this extremely rare issue. This is the variety with the word "Payment" not hyphenated. The signatures are perfect, and every word of the text can be clearly read.

12085

North Carolina December 22, 1758 20s Very Fine. This note was from a past 2004 sale of ours where it was described as, "This is an extreme rarity, particularly so in relatively undamaged, problem-free condition. Every word of the text is perfectly clear, as is the handwritten issue date and both the signatures of Thomas Barker and John Starkey. Starkey's signature is rather light. The note is very well margined for an early issue and is problem free save for one body hole, some pinholes and a rough area at the top edge." On that day it realized $1,150 and that was in a bygone era.

12086

North Carolina December, 1768 40s PMG Extremely Fine 40. A bright and well signed example of this popular North Carolina issue that has huge margins and excellent embossing. Although not annotated on the holder by PMG, it must be mentioned for the sake of accuracy that there are a couple of minor tears confined to the top border.

12087

North Carolina December, 1771 2s/6d, 5s, 1s Uncut Sheet Extremely Fine-About Uncirculated The sheet consists of three pleasing notes. They are the 2s6d Duck, the 5s and the 1s. All three notes are nicely signed examples that suffer from some edge nicks and tears due to poor storage..

12088

North Carolina December, 1771 2s6d, £1, 10s Uncut Sheet Gem New. These sheets were once rather common, but so many have been cut in order to obtain nice individual notes that intact sheets are seldom seen anymore. This sheet is a real beauty with dark signatures and plenty of selvage.

12089

North Carolina December, 1771 £1 PMG Gem Uncirculated 66 EPQ. A relatively common North Carolina note, but not in this grade. PMG has graded three at this level, and only two higher.

12090

North Carolina December, 1771 30s Choice Extremely Fine. This beauty returns from our 2004 Central States sale, where we described, "A boldly signed example of this popular issue. It's number 1449 of an original printing of 4000 pieces. Unusually well margined and without a hint of a defect or repair."

12091

North Carolina December, 1771 £2 Extremely Fine. An absolutely problem-free example with exceptional margins, and a very nice overall appearance. A much less frequently seen denomination from this issue.

12092

North Carolina May 15, 1779 $10 PCGS Choice New 63PPQ. This lovely example represents a condition rarity of a desirable issue. Of the twenty or so examples we have sold, not a single one has been uncirculated, with the balance of them grading Very Fine or below. This example is crisp and fresh with bright paper and superb eye appeal. This beauty realized $920 in its last auction appearance but the colonial market has appreciated dramatically in the intervening months, especially for high grade and scarce material.

12093

North Carolina May 10, 1780 $25 PMG Extremely Fine 40 EPQ. A fresh and bright example with the motto "Dulce pro Patria mori." This was lot 78 of the NASCA New York '80 Sale.

12094

Pennsylvania April 20, 1781 9d PMG Very Fine 30 EPQ. The evenly circulated paper on this note is problem-free and attractive for the grade.

12095

Pennsylvania March 16, 1785 15s Extremely Fine. This is one of the nicest examples of this scarce, late-date issue that we have had the pleasure of handling. All three signatures are strong, and three of the margins are broad, but the right margin just touches the design on both sides. Scarce and underrated in this grade.

12096

Rhode Island December 2, 1740 Contemporary Counterfeit £1 About New. This note was previously lot 568 from the May 2004 sale of the John Ford Collection. It's one of the few known examples of this issue and denomination, all of which, to the best of our knowledge, are counterfeits from the same source. The counterfeiter was Dr. Stephen Tallman, who was the brother-in-law of John Potter, one of the authorized signers of this issue. Tallman was exposed, arrested, and tried, and although no direct connection was ever made, some suspicion fell on John Potter as a possible accomplice of his brother-in-law. Contemporary endorsement on the back of this bill reads: "rec'd this Bill of Dr. Stephen Tallman of Portsmouth in Bristol sometime in Octob. 1741 (signed) Thomas Lawton." The bill shows only very minor traces of circulation and has a single horizontal fold. There is no splitting, staining, aging, or restorations of any kind. With no genuine examples available and with the fascinating history behind this early note, we would expect it to well exceed the $9,200 it realized over three years ago.

12097

Rhode Island June 1780 6s; 10s; 20s (2); 30s (2) Very Good or Better. These are very rare notes authorized by the June 1780 session of the General Assembly of the Rhode Island legislature. A mere £20,000 in notes were printed. We have seen very few notes from this issue over the years. In fact the Friedberg catalog has the entire issue incorrectly denominated in dollars and unpriced. These six notes were held by a piece of paper that was folded around them and written on the paper is, "Rhode Island Paper Money of various denominations issued at the June Session 1780 - Given me by Miss Hannah Hazard of Jamestown Aug. 18, 1859 -." The piece of paper comes with this lot. Most of the notes show some edge wear with the 6s note having a small internal hole. A great currency grouping that includes rarity and history.

12098

Rhode Island July 2, 1780 Half Sheet of Eight. An ideal sheet for cutting as the $3 note is severely damaged. The $7 and $8 notes are touched by a sheet-fold, and the $1 and $2 have a light stain. Several near-perfect notes can be cut from this half sheet that contains one each of the $1, $2, $3, $4, $5, $7, $8, and $20 notes.

12099

Rhode Island July 2, 1780 Double Sheet of Sixteen About New. This double sheet contains two each of the $1, $2, $3, $4, $5, $7, $8, $20. Half of the notes are somewhat aged, but the other eight are fully bright. Two of the eight bright notes are effected by a torn sheet fold leaving six perfect Gems if cutting is your plan. The sheet would frame and display beautifully as the aging is only apparent on one side and the long split would not be apparent in a frame.

12100

Rhode Island July 2, 1780 $8 PCGS Choice New 63PPQ. An attractive issue with slightly better paper quality than is usually seen on this issue. The signatures remain bold.

12101

South Carolina June 1, 1775 £10 PMG Net Good 4. The corners show wear on this piece that is net graded due to being backed. These South Carolina large size notes were very brittle and damaged rather easily when circulating.

12102

South Carolina December 23, 1776 $1 Gem New. A lovely Remainder note, unnumbered and signed by Wakefield only. This is one of the denominations where Hebrew characters were used on the back, presumably as anticounterfeiting devices, the reason for this being probably that few printers in South Carolina would have had these characters available to them.

12103

South Carolina December 23, 1776 $2 PMG Gem Uncirculated 66 EPQ. Plenty of margins surround all four sides of this remainder. PMG Gem Uncirculated 66 EPQ.

12104

South Carolina December 23, 1776 $2 PMG Gem Uncirculated 65 EPQ. This remainder is signed by J(ames) Wakefield only.

12105

South Carolina December 23, 1776 $3 PMG Gem Uncirculated 65 EPQ. This remainder has been signed by Mr. Wakefield.

12106

South Carolina December 23, 1776 $4 PMG Choice Uncirculated 64. Hebrew characters on the back of this note were used as an anticounterfeiting device. There is a very minor as-made weakness in the paper at bottom center.

12107

An Uncut Pair South Carolina April 10, 1778 2s/6d and 5s PMG Extremely Fine 40 EPQ. Faint, as-made crinkles are noted in the paper but do not detract from the overall appeal of this lightly handled remainder. This pair is a perfect match to the two note remainder also offered in this auction. On the original sheets, this pair would have resided directly to the left of the denominations offered in that lot.

12108

An Uncut Pair South Carolina April 10, 1778 3s/9d and 10s PMG About Uncirculated 50 EPQ. This attractive pair shows some light handling and a fold between the notes. Though this is a pair of remainders, they received the first signatures from Roper prior to being set aside for this generation of collectors.

12109

South Carolina April 10, 1778 5s Choice New. A well signed example from this popular South Carolina issue. The note is clean and original but with some light mounting remnants on a couple of the back corners.

12110

South Carolina February 8, 1779 $50 PMG Choice Very Fine 35 EPQ. "Exceptional Paper Quality" is found on this note that has nice signatures and even wear. Greek mythology is portrayed on the back of this note with a vignette of Atlas engraved by the sculptor Thomas Coram.

12111

South Carolina February 8, 1779 $50 Very Fine. This note was folded into fourths with a vertical and lateral cross fold. The signatures are dark and there is a small spot on the back.

12112

South Carolina February 8, 1779 $60 Fine-Very Fine. The top edge shows a few small tears while the right edge has an approximate quarter inch tear. A spot of blue ink is found near the bottom edge on both the face and back.

12113

South Carolina February 8, 1779 $70 PMG Very Fine 30. This is always a popular note for the back vignette which shows the daily pain of a bound Prometheus as the eagle Ethon gets ready to eat his liver - again. This is another work by Thomas Coram. The third-party label for this note reads, "splits."

12114

Virginia July 17, 1775 20s Very Fine. This 20s is an example of the much scarcer large size note variety for this issue. The text in both its printed and autographed forms are exquisitely clear. This piece does have a small stain and some edge splits that have been checked on the blank back with stamp hinges.

Obsoletes By State

12115

Frankfort, AL- Reed & Hamilton 25¢ July 20, 1862 Rosene 99-1
A just plain rare piece of Alabama scrip, with this the only denomination listed in the Rosene reference for this Rarity-7 issuer. Very Fine.

12116

Frankfort, AL- Reed & Hamilton 50¢ July 20, 1862 Rosene UNL
An extremely rare note in a denomination which is unlisted in Rosene. Fine-Very Fine.

12117

Mt. Hope, AL- P.W. McVay $2 1862 Rosene UNL
Another extremely rare Alabama note, with this denomination unlisted by Rosene for this issuer. Very Good-Fine, with a split on the right side of the note.

12118

Selma, AL- The Bank of Selma $5 Aug. 4, 1859
This scarce ABNCo note from the Deep South features strongly evocative Southern vignettes. Very Good.

12119

(Little Rock), AR- State of Arkansas $5; $10; $20; $50; $100 Bonds 1861 Cr. 61J2; 61K2; 61L2; 61M; 61P
These bonds all grade Very Fine or better. Almost all have an edge tear or two. They were all once mounted with stamp hinges.

12120

Pasadena, CA- Huntington Hotel Company Ltd. 25¢; 50¢; $1 Mar. 3, 1933
This is a scarce set of Depression Scrip and when found the notes are usually cancelled. All three of these notes are uncancelled. The denomination is imprinted with a check protector for this issue. The 25¢ grades PCGS Extremely Fine 45PPQ; the 50¢ grades PCGS Gem New 65PPQ; and the $1 grades PCGS Very Fine 35.

12121

San Francisco, CA- Unknown Issuer $10, $20, $50 18xx
Neat vignettes are noticed on this trio of unknown remainder scrip from a tough state for any obsoletes. The $10 grades PCGS About New 50PPQ, the $20 PCGS About New 53PPQ, and the $50 PCGS Extremely Fine 45.

12122

Bridgeport, CT- The Bridgeport Bank $3 G64 (?) Proof
The first of an extraordinary offering of hitherto unknown Proof examples, each of which was engraved and printed by Casilear, Durand, Barton & Edmonds of New York City. Many of the designs are unlisted, or have never previously appeared as Proofs. All are extremely rare, with the large majority likely unique. Most, like this example, bear two distinctive punch cancels at the signature blocks. Uncirculated, with one small spot that affects nothing.

12123

Bridgeport, CT- The Bridgeport Bank $4 G72 Proof
An excessively rare odd denomination Connecticut Proof. A tiny corner tip is missing at the bottom left, which affects nothing. Uncirculated, with two POC, a great item worthy of the finest of collections.

12124

Bridgeport, CT- The Bridgeport Bank $5 UNL Proof
There is no description in the Haxby reference for any $5 note that resembles this Proof example. Uncirculated, with two POC, a rare and perhaps unique item.

12125

East Haddam, CT- The East Haddam Bank $10 G72 Proof
Another of the CDB&E Proofs that recently were discovered in Florida. There is one small spot at the bottom, along with a tiny split under one of the two POCs. Uncirculated.

12126

East Haddam, CT- The East Haddam Bank $20 G80 Proof
Another certainly rare and very likely unique item, as this design is listed as SENC in Haxby. Uncirculated, with two POC.

12127

Hartford, CT- The Phoenix Bank 12 1/2¢ June 1, 1816 G24a
It has been over five years since we last had a fractional issue on this bank. This remainder has a space for the "V. Prest." to sign. A pre-printing paper crinkle is noticed. Choice About Uncirculated.

12128

Washington, DC- The Oyster Bay 50¢
A rather neat Fractional lookalike from the District of Columbia, the first such example we've ever handled from the District. Nice Very Fine.

12129

Washington, DC- Union Bank of Columbia $5 Sept. 8, 1859 G2a
A lovely American Bank Note Company design with a full green tint. Well circulated Very Good+ or better in appearance, but with some repairs visible mostly on the back.

12130

Marianna, FL- The Farmers Bank $5 G8 Freeman 12 Proof
This obscure bank moved to Marianna after a stint in Perry, Georgia. Issued examples from here are apparently unknown, with the bank available in remainder notes only. We've seen no other Proofs. This piece comes from the small group of Casilear, Durand, Barton & Edmonds Proofs recently uncovered in Florida, and was the only Florida note in the group. Uncirculated, with a couple of minor spots along with a couple of small corner problems, 6 POC.

12131

Hawkinsville, GA- Bank of Hawkinsville $10 G28 (?) Proof
An extremely rare Proof which may be Haxby G28, listed in that reference as "No Description Available" as well as SENC. That item is the sole $10 note listed from this prohibitively rare Georgia bank. Uncirculated, with a small corner tip off, certainly rare enough to see bidding end in the range of...

12132

Peru, IL-R. & A.D. Murray 10¢ July 1, 1862
The first in a set of five different denominations from this very scarce Illinois issuer. Uncirculated, with a bit of foxing at the right end.

12133

Peru, IL- R. & A.D. Murray 15¢ July 1, 1862
A second note, this virtually perfect save for the lightest of corner bends. About Uncirculated.

12134

Peru, IL- R. & A.D. Murray 20¢ July 1, 1862
A lovely example in a denomination we've not seen or heard of from previously from this issuer. Uncirculated.

12135

Peru, IL- R. & A.D. Murray 25¢ July 1 1862
Uncirculated, with a bit of foxing around the edges.

12136

Peru, IL- R. & A.D. Murray 50¢ July 1, 1862
The last in this interesting and very scarce set. Nice Uncirculated.

12137

Springfield, IL- State Bank of Illinois $5-$5-$10-$10 18__ Uncut Sheet
This is the only uncut sheet on the State Bank of Illinois that we have handled. If you wanted your money, you had to go to the Phenix Bank in New York City to collect. A corner fold is noticed. Crisp Uncirculated.

12138

Evansville, IN- Commercial College 5¢ Undated Schingoethe UNL
This is a very rare piece which is stamped on the back with its issuer and location. The institution is unlisted in the Schingoethe reference. We sold this piece in January 2001 where it was the first we had seen then and it is still that way today. Uncirculated.

12139

New Point, IN- H. Ennebrock 5¢ (2) Undated
This lot contains two pieces of uniface 5¢ merchant scrip with one in yellow and the other one in red cardboard. They are roughly the size of silver dollars. Some scraping is noticed while the top of the yellow 5¢ has a small area of missing cardboard. Fine.

12140

Owensville, IN- Leroy Martin $2 Wolka 634-2
This rarity last appeared in our 2003 FUN sale, where it was described, "An extremely rare note (R-7 in Wolka) from an issuer which was missing from the Hendrickson collection and which we've not seen for sale previously. Fine, with a bit of penciled graffiti on the reverse." Since that sale, we have only offered one other piece.

12141

Vincennes, IN- Bank of Vincennes, the State Bank of Indiana, Branch at Vevay $2; $5 Apr. 7, 1819 G144 Wolka 825-8; G152 Wolka 825-10
The $2 grades Fine with a missing corner and the $5 grades Fine. This lot consists of two more scarce issues from this branch bank.

12142

Vincennes, IN- Bank of Vincennes $3 ?, 181? G4 Wolka 834-2
Vincennes, IN- Bank of Vincennes, the State Bank of Indiana, Branch at Vevay $3 Apr. 7, 1819 G148 Wolka 825-9
The Vincennes $3 grades Good-VG and the Vevay $3 grades Fine. These are scarce Treys from the parent bank and one of its branches.

12143

Dubuque, IA- Dubuque Central Improvement Company $1; $3 Feb. 27, 1858 Oakes 48-1; 2
The $1 grades Fine with an edge tear in the upper right corner and the $3 grades Fine with a couple of right edge quarter inch tears.

12144

Dubuque, IA- Dubuque Western Rail Road Company $10; $1; $3; $5; $10 1857-58 Oakes 53-UNL; 3-6
The first note in this lot is similar to Oakes 53-1, but the denomination is $10 instead of $5. It grades Fine with the $1; $3; and $5 grading Fine or a bit better and the final $10 weighing in at Crisp Uncirculated.

12145

Dubuque, IA- Miners Bank $5 Oakes 59-1
This bank was chartered in what was then a portion of the Wisconsin Territory, transferring to Iowa's jurisdiction when Dubuque became part of the Iowa Territory a few years later. This note was the first issue after Iowa became a state in 1846. Fine, with a couple of chips out of the margin.

12146

Iowa City, IA- Treasurer of Iowa City $1, $2 Jan. 1, 1858 Oakes 70-1, 70-2
Two pieces of this scarce issue, each grading Fine+ or thereabouts, with each note displaying a bit of staining at the right end.

12147

Marion, IA- Twogood & Elliott $5 Oakes UNL
A great Iowa obsolete rarity, with this issuer represented in the Oakes reference by a sole $3 note. We've handled no others from here in any of our auctions, and have seen nothing from this issuer for sale during that period as well. Fine.

12148

Lexington, KY- Northern Bank of Kentucky $5 G16 Hughes 442 Proof
The first of three Kentucky Proofs found in the Casilear, Durand, Barton & Edmonds group discovered recently in Florida. This piece is listed as SENC in Haxby and R-7 in Hughes. Uncirculated, 6 POC.

12149

Louisville, KY- Bank of Kentucky $5 G400 Hughes 495 Proof
An attractive Proof from the CDB&E group. A miniscule portion is missing from one corner tip and there is a small spot near one of the six POC. Uncirculated.

12150

Louisville, KY- Bank of Kentucky $100 G36 Hughes 520 Proof
A truly impressive Proof example. There are a couple of small nicks and tiny splits, along with one fold, flaws more than made up for by the rarity of this item. About Uncirculated, 6 POC.

12151

New Orleans, LA- New Orleans Canal & Banking Company $10 G84 Proof
This Proof is the first such example we've seen of this well known design. It's Uncirculated, mounted on light card stock, and comes with the typical 6 POC.

12152

Hagerstown, MD- Hagerstown Bank $10-$10-$5-$5 18__ G46b-G46b-G40b-G40b Uncut Sheet
The colorful notes on this attractive sheet are well centered. Choice Crisp Uncirculated.

12153

Port Deposit, MD- Susquehanna Bank $20-$20-$50-$100 18__ G12-G12-G14-G16 Uncut Sheet
This is an attractive remainder sheet that has a little bit of handling in the final note. Crisp Uncirculated.

12154

Salisbury, MD- Somerset and Worcester Savings Bank $1; $2; $3; $5 1863 - 1864
These notes are of the red overprint variety with the final digit in the date written over by hand. These are well preserved Choice Crisp Uncirculated examples.

12155

North Adams, MA- The Adams Bank $50 18xx Proof UNL
This deeply inked proof stamped Property of ABNC on the back is unlisted in Haxby.
A margin nick is noticed at left. Choice Crisp Uncirculated.

12156

Uxbridge, MA- The Blackstone Bank $1.25; $1.50; $1.75 18__ G18-20 Proofs
All three of these notes are listed as SENC, "Surviving Example Not Confirmed" in Haxby. These examples have all been punch cancelled along the signature lines. They were once mounted and show signs of removal with the longest edge tear being approximately a quarter inch at top center of the $1.25 note. The occasional pinhole is also spotted, but overall each note grades Extremely Fine. A holographic letter dated May 14, 1853 is included in this lot. The letter mentions bills with fractional denominations, scarcity of silver coinage in 1837, and that these bills are a curiosity for future years.

12157

Goodrich, MI- The Goodrich Bank $1.50 Jan. 10, 1838 G8 Lee GOO 1-3
This is a scarce family owned bank that was only around in 1838. Not a single note of its four denominations is pictured in the Haxby reference which lists only remainders. In fact this note is a fully signed example. We have offered only one note before on this bank, a damaged piece that sold for over $300 in January 2004. PMG Fine 12.

12158

Grand Rapids, MI- J.W. Pierce 37 1/2¢ Nov. 20, 1857 Bowen 16
A very scarce piece of early Michigan scrip. Mr. Pierce operated a book store in Grand Rapids. Very Fine.

12159

Monroe, MI- River Raisin & Lake Erie Rail Road Company $1 G8 Bowen 2
This Proof bears the name Barton & Edmonds as its printer and comes from the Florida group of proofs by Casilear, Durand, Barton & Edmonds. It's certainly likely that one firm was absorbed into the other, although we're not certain in what order. Uncirculated, 6 POC.

12160

Monroe, MI- River Raisin & Lake Erie Rail Road Company $10 G44 Bowen 19 Proof
A lovely Proof example of an excessively rare note. We know of no other Proof examples of this issue save for this new to the numismatic marketplace item. Uncirculated, 6 POC.

12161

Port Gibson, MS- The Port Gibson Insurance Company 12 1/2¢ Jan. 1, 1840 Leggett UNL Kraus 23690
This is an extraordinary new discovery from this extremely rare issuer, and even nicer than the 50¢ example we sold from here in our last sale which realized $1380. The Kraus reference notes that the only previously known 15¢ example from this issuer is in the Smithsonian collection. Now one fortunate collector can add such a note to his holdings as well. Very Fine.

12162

Jefferson City, MO- Union Military Bond $1 July 24, 1863 Cr. UG11
This is an exceptionally rare denomination in a just plain rare series, with this the first $1 example we have offered in years. Listed as a R10, 5 to 15 survivors, in the new Shull Southern States reference. Very Good, with a couple of holes below the portrait, but otherwise sound.

12163

Jefferson City, MO- Union Military Bond $3 July 20, 1863 Cr. UG12
Another rare note from this issue with this denomination rated a R11 by Shull, just two to four survivors accounted for. We last sold one of these in January 2002 for just over a $1000. The 2002 note was only slightly better, but this note is right on its heels. The present $3 grades Very Good with the upper left corner missing from the portrait's hairline outward and there is also a little more top edge chipping. Still rare no matter what the condition.

12164

St. Louis, MO- Bank of Missouri $10 April 1, 1820 G22a
A very scarce early Missouri issue signed as President by Aug (ust) Chouteau, the founder of the City of St. Louis. Extremely Fine, with some light traces of a bank stamp removed long ago.

12165

Omaha, NE- Bank of Nebraska $2 July 7, 1859 G8a
A very scarce Nebraska obsolete with a nice Indian vignette at the center. Fine-Very Fine.

12166

Bergen Iron Works, NJ- Jno. W. Brick 6 1/4¢ Feb. 1, 1840 Wait UNL
An excessively rare New Jersey piece from an issuer which is unlisted in the massive Wait reference. Fine-Very Fine in appearance, but with several well executed restorations, mostly visible on the reverse.

12167

Centre Bridge, NJ- The Centre Bridge Company 5¢ April 1, 1842 Wait 398
Possibly the nicest looking note from here to survive. PCGS Choice New 63PPQ.

12168

Morristown, NJ- The Morris County Bank $5 G30 Wait 1232 Proof
A common enough note as a remainder, but very scarce as a Proof. Uncirculated, with 2 POC.

12169

Paterson, NJ- Peoples' Bank of Paterson $7 G42 Wait 1916
An extremely scarce odd denomination Proof, one of two from here found in the Florida group of notes from the printer Casilear, Durand, Barton & Edmonds. Uncirculated, 2 POC.

12170

Paterson, NJ- Peoples' Bank of Paterson $9 G46 Wait 1918 Proof
A lovely example which is the first Proof of its kind, save for the $7 offered above, that we've had to offer from this bank. Uncirculated, 6 POC.

12171

Catskill, NY- The Catskill Bank $5 G68 Proof
An attractive Proof from the CDB&E group offered here for the first time to the numismatic community. There is a bit of handling along with a small spot, and the left bottom corner tip has a miniscule piece missing. Uncirculated, 6 POC.

12172

Little Falls, NY- Unknown Issuer (John Portious?) 4 Pence
This rare post-colonial note is unsigned, although notes from this issuer are listed in the Newman reference under the name of John Portens. It comes with a small slip of paper dated 1796 signed by Mr. Portious, who was almost certainly the issuer here. Extremely Fine-About Uncirculated, a rare early small change note.

12173

New York, NY- Bull's Head Bank $1 May 16, 1863 G2c
A very rare late issue New York City note which is listed as SENC in the Haxby reference. This is a genuine example, and not the oft-seen counterfeit from this location. Fine.

12174

New York, NY- Butchers & Drovers Bank $5 UNL Proof
This is the first of three Proof examples from this bank found in the Florida group from the printer Casilear, Durand, Barton & Edmonds. None of these Proofs even come close to matching description listed in Haxby for notes from this bank, making it likely that these designs might have been ordered from CDB&E and rejected in favor of others. Each Proof, it is safe to assume, is either excessively rare or perhaps unique. There is a small nick at the bottom here, one spot, and 2 POC. About Uncirculated.

12175

New York, NY- Butchers & Drovers Bank $50 UNL Proof
A very rare Proof with a couple of bovine vignettes perfectly suited to the bank's title. Again, this Proof matches no example from this bank listed in Haxby. Uncirculated, 2 POC.

12176

New York, NY- Butchers & Drovers Bank $100 UNL Proof
The last in this amazing Proof offering from here. There is a spot at the top, but otherwise this example is Uncirculated, with two POC.

12177

New York, NY- The Leather Manufacturer's Bank $5000 UNL Proof
A truly superlative high denomination Proof which may be the highlight of the thirty U.S. and Canadian Proofs unearthed in the Florida grouping of Proof examples from this and predecessor printers. Haxby lists no $5000 notes from this bank of any kind, and we certainly have never seen or heard of another such example from here. There are a few relatively minor flaws, including some light foxing as well as a few small pieces missing, but this note is just the kind of item which elevates even the most advanced of collections. About Uncirculated, 10 POC.

12178

New York, NY- The Merchants' Bank $5 G46 Proof
An attractive Proof example with no problems whatever. Uncirculated, 2 POC.

12179

New York, NY- J.B. Westerbrook & Co. Jewelers 50¢ Ad note circa 1860s
This quaint advertising note for 50¢ off a timepiece mimics faithfully a First Issue 50¢ Postage Currency Note on the back even down to where "JBW&CO." monogram is used instead of the "ABC" monogram. The face also looks good enough to pass for a Postage Currency Note, too. The upper two corners show aging. Very Fine.

12180

Raleigh, NC- State of North Carolina $5 July 1, 1862 Cr-87A-1
This rare variety carries the "Fundable Clause" in the center of the note along the top. The value in Hugh Shull's Guide Book of Southern States Currency is listed as "Rare." PMG Extremely Fine 40.

12181

Raleigh, NC- State of North Carolina $500 Bond 1863 Cr. 64T
This unissued Fine bond is rare with an R9 rating by Criswell. It has paper separations along the center lateral fold. Aging is also noticed especially in one back quadrant. It was once lightly mounted with stamp hinges.

12182

Raleigh, NC- State of North Carolina $1000 Bond 1862 Cr. UNL
This unissued bond has just a few small places of paper separation and edge splits. Very Fine, lightly mounted.

12183

Washington, NC- Bank of Washington $3; $5; $10 18__ G4a; G12a; G15a
These ABNCo remainders grade Choice Crisp Uncirculated or better with their vivid orange underprint and well preserved paper surfaces.

12184

Kirtland, OH- The Kirtland Safety Society Anti-Banking Co. $3 Jan. 4, 1837 G6 , Rust 14 Wolka 1422-03

This is quite likely the most avidly collected of any issuer of obsolete currency due to its connection to the early Mormon Church. The bank was organized by Joseph Smith and other church elders in late 1836, and currency plates were prepared almost immediately for the bank's notes. Despite the bank's charter being rejected by Ohio banking authorities, notes were issued starting in January of 1837, with the insertion of the words "anti-bank" into the title. Shortly thereafter that ruse was abandoned, and the notes that are offered below this lot began to flow out of the bank. By May of 1837 the bank was refusing to redeem its notes for specie, causing the issue to be severely discounted, and by June of 1837 Smith severed his association with the bank. The bank would fail in November 1837. Eventually Smith and Sidney Rigdon were each fined $1000 for their unauthorized banking venture. The $3 "Anti-Bank" issue is the scarcest denomination of this short lived maneuver, and this piece is a nice problem free example. Very Fine.

12185

Kirtland, OH- The Kirtland Safety Society Bank $10 Feb. 10, 1837 G10 Rust 8 Wolka 1424-12
This is one of the two most often encountered denominations from this Mormon organized bank, but specimens in this state of preservation have simply disappeared from the marketplace in recent years. Crisp Uncirculated, a spectacular example which bears the signatures of J. Smith, Jr. as Cashier and S. Rigdon as President.

12186

Kirtland, OH- The Kirtland Safety Society Bank $20 Feb. 20, 1837 G12 Rust 9 Wolka 1424-14
This is a considerably scarcer denomination that is seldom available in any grade. This piece, signed by J(oseph) Smith, Jr. and S(idney) Rigdon, grades a nice Very Fine with clear signatures and great eye appeal.

12187

Kirtland, OH- The Kirtland Safety Society Bank $100 July 4, 1837 G18 Rust 11 Wolka 1424-18
The $100 has always been considered the scarcest denomination of this Mormon issue and one whose absence has stopped many a collector from completing a denomination set from this bank. This bright example has sound edges and even wear. This note is signed by W(arren) Parrish and F(rederick) G. Williams. They ran the bank after Joseph Smith and Sidney Rigdon departed. November 1837 saw the demise of this bank for good. Fine-Very Fine.

12188

Spring Valley, OH- Spring Valley Currency 10¢, 15¢, 50¢, $1, $2, $3, $5 Wolka 2441-01, 02, 04,05, 06, 07, 08
An almost complete denomination scrip set from this Greene County locale only missing the 25¢ issue. Crisp Uncirculated.

12189

Lewisburg, PA- The Lewisburg Bank $5 18xx Proof UNL
This interesting proof is unlisted in Haxby. Printed by American Bank Note Co., it displays bright colors and pleasing margins. A bit of corner damage is noticed at upper right. This institution would later become the Lewisburg National Bank. Crisp Uncirculated.

12190

Norristown, PA- Bank of Montgomery County $1 Jan. 2, 1865 G14 Hoober 281-1
Clockwise, the three Union generals and one colonel who adorn this Ace are Hancock, Hartranft, Schall, and Clemmer. The bank building is at center. This is a terrific Obsolete with this remainder being well preserved. PCGS Gem New 66PPQ.

12191

Philadelphia, PA- Bank of North America 10¢ Jan. 15, 1816 G38 Hoober 305-37
A just plain rare early fractional denomination from America's oldest commercial bank, which was incorporated in May of 1781 and opened for business in January of 1782. This was the only banking institution that was, by an Act of Congress, allowed to retain its original title when it adopted a National Charter in 1864. Very Fine++.

12192

Philadelphia, PA- Commonwealth Bank $10 18xx Proof G10a
Save for a tight margin at bottom right this proof note remains very bright. A little as made wrinkle is seen along the bottom. Choice Crisp Uncirculated.

12193

Philadelphia, PA- Philadelphia Savings Institution 25¢ 1837 Hoober 305-537 Uncut Sheet of Three
This is the first time we have encountered this financial institution in sheet form. Plate letters B, C, and D are found on this remainder. Very Fine with a couple of trivial edge nicks and a quarter inch bottom edge tear.

12194

Philadelphia, PA- Bank of the United States $2,000 Dec. 15, 1840 G102
This variety was payable in New York to S. Mason and he endorsed it on the back. PMG Choice Extremely Fine 45 EPQ.

12195

Charleston, SC- State of South Carolina $100; $500 Bonds 1861 Cr. 61B; 61C
The 61B grades XF with a stamp hinge repair and the 61C grades VF. The bonds were once mounted and have the slightest amount of ink erosion. Also, both of these bonds are issued with the $500 going to the Bank of Charleston. These bonds were intended for the raising of supplies for the state militia.

12196

Columbia, SC- State of South Carolina $1000 Bond 1869 Cr. 69C
This bond has been cut cancelled twice and removed from a bond book. It was once mounted to construction paper with tape. Extremely Fine.

12197

Columbia, SC- State of South Carolina $5-$5-$10-$10 Mar. 2, 1872 Sheheen 3-3-4-4 Uncut Sheet
This is a beautiful sheet that has some foxing along the edges. The lower left corner shows a couple of folds far away from the design. Crisp Uncirculated.

12198

Columbia, SC-State of South Carolina $20-$20-$50-$50 March 2, 1872 Cr.7-7-8-8 Sheheen 14-14-15-15 Uncut Sheet
These gorgeous uncut sheets just don't appear in sales as much anymore, most likely due to being cut up into singles. A tiny corner fold is noticed, but still overall this is a beautiful Choice Crisp Uncirculated sheet.

12199

Nashville, TN- State of Tennessee $1000 Bond 1867 Cr. 67A
This is a bright Fine bond with four repairs using six pieces of tape. This bond was once mounted. The coupons have a vignette of a train. This post Civil War product was issued by the carpetbagger state government to the Louisville & Nashville Railroad.

12200

San Felipe De Austin, TX- Provisional Government Warrant $30.00 Jan. 20, 1836 Cr. P-1, Medlar 2, Olson 46
San Felipe De Austin served as the capital of the colony established in 1823/4 by Stephen F. Austin and Baron de Bastop, becoming the second-ranked commercial center behind San Antonio prior to the Texas Revolution. It also served as the the site of conventions in 1832, 1833, and 1835 and as the capital of the Provisional Government until March of 1836, when it was relocated to Washington-on-the-Brazos. The original town was burned to the ground at the end of March, 1836 to avoid the Mexican army, and, while today located along Interstate 10 approximately two miles east of Sealy, the town never fully recovered its commercial glory.
Formally recognized in Criswell as P2, these first forms of Texas Currency have been reorganized in the recently released A Guide Book of Southern States Currency by Hugh Shull, which is a must have for your library. Interestingly enough, this example is the very next serial numbered warrant to the one pictured in Shull. As in the plate example, this is also issued to Joshua Fletcher, Esquire on the same date. Backed with a yellow paper, this warrant also has the old Criswell number written in pencil in the lower right corner, most likely by Mr. Bond. Also to note is a fancy signature on back, which appears to be Nancy Kenmar? Listed as Rarity 9, (16-50 known). Very Fine, backed.

12201

Washington-on-the-Brazos, TX- Provisional Government Warrant $17.06 February 29, 1836 Cr. P-4, Medlar UNL, Olson - 60
The second capital of the Provisional Government, originally called Washington, as "on-the-Brazos" became attached after the American Civil War. General Sam Houston's headquarters were established here in December 1835, as the town was already a supply point. This Extremely Fine warrant was issued to James M. Adams on pink paper seven days prior to the fall of the Alamo, and also happens to be a Leap Year Day. The warrant has three cut cancels.

12202

Velasco, TX- Government of Texas Warrant $100.00 Sept. 13, 1836 Cr. V-2, Medlar 3, Olson 130
Velasco was the site where Stephen F. Austin's first 38 colonists arrived in 1821, and, immediately after the battle of San Jacinto in 1836, was named the temporary capital of the Republic of Texas. Velasco is also where Santa Anna signed the treaties recognizing the independent Republic of Texas, upon his release back to Mexico. Both parties violated the treaties, as the Texians would block Santa Anna's return to Mexico, and the Mexican government would not recognize the Treaties as Santa Anna was a prisoner at the time he signed the documents. These hostilities would continue to boil until the Mexican-American War of 1846 through 1848. This warrant was issued to Robert McCaskey, and is endorsed on the back as well. Very Fine, CC.

12203

Columbia, TX- Republic of Texas Third Issue Warrant $312.00 Oct. 8, 1836 Cr. C-1, Medlar 1, Olson 200
The city of Columbia served as the capital of the Republic of Texas from October, 1836 until April 18, 1837, when the legislature was moved to Houston due to inadequate accommodations. This warrant is made out to James H. Perry, made famous for a derogatory letter he wrote in April of 1836 criticizing Sam Houston, which would lead to years of resentment between the two men. Perry would be arrested for disobeying orders prior to the battle of San Jacinto, however, would be released and allowed to participate in the battle. The upper right corner has C1 and $40.00 written in pencil. On back are notes of an audit conducted June 13, 1839, which clarifies that this is indeed a "draft for services rendered in the army." Very Fine.

12204

Columbia, TX- Republic of Texas Third Issue Warrant $24.00 Nov. 10, 1836 Cr. C-2, Medlar 7, Olson 215
This warrant is made out to Emery H(olman) Darst for Three Months of service as a Private in Captain Patton's Company. While the last name appears to be Durst on the warrant, E.H. Darst is listed among the roll of Patton's Company in various historical texts of those that participated in the Battle of San Jacinto. Some paper separation is noted along the lower horizontal fold, a possible previous tape or mounting stain at top center, as well as a small chip out at the lower right corner.
About Very Fine.

12205

Columbia, TX- Republic of Texas Third Issue Warrant $437.00 Nov.4, 1836 Cr. C-3, Medlar 2, Olson 206
This warrant, an extraordinary amount of money at the time, possibly was used to pay Hardin for use of his family's buildings to house Mexican prisoners after the Battle of Jacinto (at least the assumption of this cataloger). Benjamin Franklin Hardin is listed as a First Lieutenant as part of the 2nd Regiment Volunteers, 3rd Infantry Company under the command of Colonel Sidney Sherman during the Revolution. The note does have an endorsement on the back, "Pay the Bearer Feb. 18th, 1838, Franklin Hardin". Very Fine.

12206

Columbia, TX- Republic of Texas Third Issue Warrant $50.00 Oct. 24, 1836 Cr. C-4, Medlar 3, Olson 203
This warrant was issued to James M. Jett, who served as a Private in Volunteer Infantry Company B. Also of note is his endorsement on the back of the warrant, and that the "Acting" Controller - E.M. Pease, has signed at bottom. Pease would go on to be elected Governor of the State of Texas in 1853 and 1855. Very Fine.

12207

Columbia, TX- Republic of Texas Third Issue Warrant $48.00 Dec. 22, 1836 Cr. C-5A, Medlar 5, Olson 212
This cataloger has referenced a variety of Republic of Texas sites to form an opinion on who or what exactly is Thomas' last name on this warrant, using both the front and the back endorsement, but, to no avail (and yes, I tried searching through all of the Thomas' as well). Multiple small edge splits are noted around the perimeter of the paper, a light stain is noted at right, and some paper separation is noted along the center horizontal fold. Fine.

12208

Columbia, TX- Republic of Texas Third Issue Warrant $12.00 Jan. 10, 1837 Cr. C-16A, Medlar UNL, Olson 264
An ornate issue with a single black five-pointed star in the center at top, a Texian Army "Bounty Money" warrant made out to George Nichols, who has also endorsed the back. A very rare design type, certain to command much interest due to its "Lone Star" design. Very Fine, with tape reinforcements along the vertical and horizontal folds on back. Also note that John Brimley has made is mark on back, along with two other illegible names.

12209

Houston, TX- Republic of Texas Fourth Issue Warrant $54.20 June 15, 1837 Cr. HW1B, Medlar UNL, Olson 306
Houston became the next capital of Texas in 1837 when the legislature was persuaded by brothers Augustus and John Allen to relocate there from Columbia. Upon arrival, members of the legislature found a city of less than 20 people, which would grow to almost 1,500 within four months time. This warrant was issued to James Thompson for his military service. It is one of the last warrants to be completely hand-written, with only a crude border at left. An interesting, and illegible, signature can be found on back, along with the cancelled date of July 20, 1840. Warrant has been cut-cancelled twice, however, the paper has no flaws for being 170 years old. Extremely Fine, CC.

12210

Houston, TX- Republic of Texas Fourth Issue Warrant $155.00 Nov. 3, 1837 Cr. HW5, Medlar 6, Olson 393
This warrant was issued to Daniel Gray, who served as a scout in the Ranging Corps in early 1836, then went on to join Col. Edward Burleson's Frontier Rangers. Gray has endorsed the back of this warrant. Missing the lower right corner, with a couple of small chips and tears around the edges. Very Fine.

12211

Houston, TX- Republic of Texas Fourth Issue Warrant $18.66 Jan. 8, 1838 Cr. HW6, Medlar 18, Olson 312
Listed as Very Rare in Shull (less than 15 known), this is the last type of completely handwritten Houston-issued warrants. Issued to Alexander Bond for Military service, the paper has separated along two vertical folds, but still Very Fine overall. Also endorsed on the back by Bond.

12212

Houston, TX- Republic of Texas First Issue of Notes $5 ???, 1837 Cr. H1, Medlar 27, Olson 440
The first in a nice run of the scarce and popular "Star" issue notes that were issued in Houston in late 1837 and early 1838. All examples from this series are under constant heavy demand from collectors. This $5 grades About Good, as it is split and tape repaired down the center, and there was a cut-out cancellation at left, along with the missing upper right section. Two auditor's stamp cancellations are also present at right. All that said, the main body of this note still looks decent.

12213

Houston, TX- Republic of Texas First Issue of Notes $10 Dec ??, 1837 Cr. H4, Medlar 31, Olson 452
Although most examples of this type are heavily worn or damaged, they remain among the most sought after Republic of Texas currency issues. This piece has a rather pleasing appearance, with paper quality that is suggestive of a Very Fine grade or even higher, but it has a vertical cut down the center that has been tape repaired, there are cut cancellations on each side of the note, and the lower right corner is missing. Also, the "Sam Houston" signature is not by Houston, but is signed by William G. Cooke, who has also endorsed the back, thus you are able to see the similarities in style. As Houston's hand was injured during the Battle of San Jacinto, he named Cooke to be the official signer of the president's name to promissory notes from June 1837 until November 1839. Fine, tape repairs.

12214

Houston, TX- Republic of Texas First Issue of Notes $20 ???, 1837 Cr. H5, Medlar 33, Olson 458
This is a scarce Medlar number of which we have offered only two examples before. Both the top and bottom edges have pieces missing, however the paper quality is surprisingly good. Also endorsed by Wm. G. Cooke on back, along with a J.W. Henderson. Very Good, CC.

12215

Houston, TX- Republic of Texas First Issue of Notes $50 Nov. 1, 1837 Cr. H7, Medlar 36, Olson 467
This rarely seen example is complete, having only a one-inch tear at upper left, along with some roughness at the right and bottom edges. This example is also cut-cancelled. Out of 2,000 notes of this denomination issued, there are four different types described in the three references noted above. Very Fine, CC.

12216

Houston, TX- Republic of Texas First Issue of Notes $100 Dec.15, 1837 Cr. H9, Medlar 40, Olson 479
Only 2,200 $100 Star Notes were issued, of which there are seven different varieties, and this the first of two. Only two small notches are out at lower right, and some edge roughness along the edges, however, this note has fantastic embossing, due to the paper quality. This example has three cut-cancels, but is the best note of this run of Star Notes. Signed in red ink by Cooke on the front, and is endorsed on the back by Cooke and Francis Blair. On such a fantastic Very Fine note such as this, estimates are but a guess, but, would expect this to sell in the range of...

12217

Houston, TX- Republic of Texas First Issue of Notes $100 ???, 1837 Cr. H10, Medlar 42, Olson 484
This variety has a smaller "One Hundred Dollars" than the previous example. Great paper quality, with a water stain affecting 75% of the note. This is the most complete note of the run, with only a couple of tears to go along with the usual cut cancels. There are a couple of small pieces of tape on back, to reinforce the cut cancels at bottom. The last time we offered this same variety note was the Steve Ivy Texas Collection in September of 2002. Very Fine, CC.

12218

Houston, TX- Republic of Texas First Issue of Notes $500 Jan.15, 1838 Cr. H12, Medlar 47, Olson 495
The jewel of this run of "Lone" Star notes, with Shull estimating 5-15 notes known today, with the number most likely towards the low range, out of an original print run of only 200. The note is missing the lower right corner tip, and has some water staining on the right side of the note. We last offered this type in September of 2002 from the Steve Ivy Collection, and that Good-Very Good item realized almost $1800. In today's market, the bidding will be starting above that figure for this Very Fine example with cut cancels.

12219

Houston, TX- Government of Texas $1 May 1, 1838 Cr. H14 Medlar 54 Olson 520
On June 9, 1837 the Texas Congress authorized the Second Issue Notes, payable 12 months from the date of issue at 10% interest. All Second Issue Notes have "The Government of Texas" listed on each denomination. This is an attractive mid-grade example with two cut cancellations that are effectively closed on the back with tape. Scarce in all grades. Fine-Very Fine, CC, repaired

12220

Houston, TX- Government of Texas $3 ???, 18xx Cr. H15, Medlar 56, Olson 530
This series was the first for engraved notes issued by the Republic of Texas in 1838 and early 1839, and the total issue in all denominations totaled just a hair over $650,000. This $3 is a nice Fine-Very Fine, cut cancelled and with a couple of minor tape repairs. Scarce, and likely to see substantial bidding activity.

12221

Houston, TX- Government of Texas $3 June 1, 1838 Cr. H15A, Medlar 57, Olson 535
The second of three scarce $3 notes from the Bond Collection, this variety has a line across the base of the left point of the star on shield. Tape repairs can be seen through the note, as the approximately 50 year old tape has leeched through. The paper quality is quite good on this Fine-Very Fine example.

12222

Houston, TX- Government of Texas $3 Dec 10, 1838 Cr. H15B, Medlar 58, Olson 540
The last of this scarce trio of notes, with this variety having a heavily shaded shield. Two large pieces of tape are found on back, covering the cut cancels in order to strengthen the paper. Also found on back is the Medlar number, and the apparent price paid for the note - $22.50. This Fine example could approach an appreciation of 100 times that amount after the bidding has ceased tonight.

12223

Houston, TX- Government of Texas $5 Jun 1, 1838 Cr. H16, Medlar 59, Olson 545
This is a perfect example of a note from the early "Wild West". The central vignette depicts a Native American shooting an arrow into a bison, with others in the distance. The signature of Houston is actually that of William G. Cooke. Tape repairs are found on back, covering up the cut cancels, as well as a tear from the left side on this Fine note.

12224

Houston, TX- Government of Texas $10 April 1, 1838 Cr. H17, Medlar 60, Olson 550
A lovely Extremely Fine example with three cut cancels. This note bears the signatures of Henry Smith as Treasurer, who some call the first American Governor of Texas, along with the secretarial signature of Sam Houston.

12225

Houston, TX- Government of Texas $20 Sept 1, 1838 Cr. H19, Medlar 63, Olson 565
This $20 is of the six-pointed star variety and it has a secretarial signature of Sam Houston, which is actually signed by William G. Cooke. This example was once mounted with stamp hinges. Still a bright Extremely Fine example with sound edges.

12226

Houston, TX- Government of Texas $50 Jan 8, 1839 Cr. UNL, Medlar UNL, Olson 588
This About Uncirculated example is a corner fold away from a higher grade, as the note is fully framed as well. Only three tips of the wavy star on the flag are visible. Three typical cut cancels are also noted for accuracy, and the note has approximately one dozen pinholes at center.

12227

Houston, TX- Government of Texas $50 April 1, 1838 Cr. H21, Medlar 67, Olson UNL
This example grades Very Fine, with tape repairs noted on back to close the cut cancels. Issued on April Fools Day, 1838.

12228

Houston, TX- Republic of Texas Third Issue of Notes $1 June 1, 1838 Cr. H23, Medlar 49, Olson 500/3
Authorized to supplement the "Star Note" First Series of notes which were issued in denominations of $5 and higher, this issue of "Change" or "Medallion Notes" were issued in $1, $2, and $3 denominations. The total issue authorized was only $10,000, and surviving examples are rare in any grade with the typical survivor being worn and tattered. This note, grading Fine, with tape repairs found on back to close the cut cancels.

12229

Houston, TX- Republic of Texas Third Issue of Notes $2 Sep 2, 1838 Cr. H25, Medlar 51, Olson 509
A second "Change Note" example, this the $2 denomination. This note is solid and fully intact, with four cut cancellations and some edge roughness on top and bottom edges. Again, another very rare note that should inspire spirited bidding. Fine, CC.

12230

Houston, TX- Republic of Texas Third Issue of Notes $3 June 1, 1838 Cr. H26, Medlar 52, Olson 512
This Very Good example has been cut in half and reattached with tape, as many other examples are found this way as well. Paper quality is that of a VF note. This is the only note of the three Medallion examples that has the printer, Niles Print of Houston, imprinted at lower left.

12231

Houston, TX- Consolidated Fund of Texas $100 Sep 1, 1837 Cr. CF1, Medlar 69, Olson 630
Consolidated Fund Notes were authorized on June 7, 1837 in order to fund the public debt. Issued in five denominations from $100 to $10,000 through May of 1840. This Type One example was issued to Azel Sharples, and signed by E.M. Pease and William G. Cooke. Very Fine, CC.

12232

Houston, TX- Consolidated Fund $500 March 1, 1839 Cr. CF5A, Medlar 74, Olson 658
This $500 subvariety does not have "his" printed at the beginning of lines two and seven. Issued to S.L. Torres, and signed by Controller James Wright Simmons, whose brother Cleveland was killed at the Alamo, and Stock Commissioner Jackson Smith. Excellent paper quality on this Extremely Fine example, with the typical cut cancels.

12233

Houston, TX- Consolidated Fund of Texas $1,000 March 1, 1939 Cr. CF12, Medlar 84, Olson 680
This Type Two note has had the date changed to March 1, 1839. This is an attractive example with an interest statement written in pen vertically across the face at left. Issued to what appears to be T.A. Ware, with signatures of Simmons and Smith. Listed as Rare in Shull, less than 50 known. Very Fine, CC.

12234

Austin, TX- Consolidated Fund of Texas $500 March 6, 1841 Cr. CF-17/19(?) Medlar UNL, Olson UNL
This intriguing note was of the type issued at Houston, but the city was clearly crossed out and both "Austin" and a new date were written in, indicating that this note was issued after the move of the capital city, but before new plates could be prepared with the city name changed. This appears to be a subvariety of Cr. 19, as is not listed in all three references. Mr. Bond apparently wrote CF11 on the back in pencil, which is correct for the original Houston issues. An interest statement is written in pen at left on this Pen-Cancelled Fine example, with edge roughness noted on three sides, and paper separation noted at center along the folds, which some might mistake for a cut-cancel.

12235

Austin, TX- Republic of Texas Fourth Issue of Notes $1 March 1, 1841 Cr. A1, Medlar 21, Olson 750
The Act of December 14, 1838 authorized the use of these next three notes, as small change notes were apparently needed in the commerce system at the time. This Very Fine example has the typical cut cancels, and depicts Ceres on Cotton at center, along with a Native American holding a bow at left.

12236

Austin, TX- Republic of Texas Fourth Issue of Notes $2 Sept 1, 1841 Cr. A2, Medlar 22, Olson 753
Another "Wild West" note, with a cowboy roping a steer at center, along with a large buck deer at left. Signed by James B. Shaw as Comptroller, who served in that capacity from 1839 until 1859. During this time Shaw was responsible for collecting $5,000,000 from the US Government for the sale of land representing present-day Colorado and New Mexico in the Compromise of 1850. Tape repairs are noted on the back, to close the cut cancels on this note grading Very Fine+, CC.

12237

Austin, TX-Republic of Texas Fourth Issue of Notes $3 Sept 1, 1841 Cr. A3, Medlar 23, Olson 756
A beautiful Republic of Texas $3 with nice centering, bright paper, and good eye appeal. Very Fine-Extremely Fine, with the typically seen cut cancellations, along with some light foxing at right. The $3 is the scarcest and most valuable of the lower denomination notes in this popularly collected series.

12238

Austin, TX- Republic of Texas Fifth Issue of Notes $5 Jan 15, 1840 Cr. A4, Medlar 24, Olson 759
The Fifth Issue of notes were authorized on January 19, 1839, and are the first notes to be printed on both sides, with this issue famous for the "Lone Star" orange-red backs. The portrait at right is that of Erastus "Deaf" Smith, born in New York in 1787, and earning his nickname due to his loss of hearing while a child. Smith worked as a scout for Stephen F. Austin, a messenger for William B. Travis, and in fact carried a message from the Alamo on February 15, 1836. Smith also served under Sam Houston, and upon learning about Smith's death in November of 1837 wrote, "A man, more brave, and honest never, lived." This Very Fine example has tape repairs on back to close the cut cancels.

12239

Austin, TX- Republic of Texas Fifth Issue of Notes $10 Aug12, 1839 Cr. A5, Medlar 25, Olson 761
A crispy Very Fine example of this ever-popular issue, with decent margins and an attractive overall appearance. Very Fine, CC as usual, with tape repairs to close. Secretarial signature of Mirabeau B(uonaparte) Lamar, Second President of the Republic of Texas.

12240

Austin, TX- Republic of Texas Fifth Issue of Notes $20 Jan 15, 1840 Cr. A6, Medlar 26, Olson 763
A nice, well margined example, and just about as flawless for the grade as one could ever want. This note does not have any cut-cancels, which for this series is a rare occurrence. Very Fine.

12241

Austin, TX- Republic of Texas Fifth Issue of Notes $50 Jan 27, 1840 Cr. A7, Medlar 27, Olson 766
A portrait of Stephen F. Austin, referred to as the "Father of Texas", is found on the right side of this gorgeous $50. Very Fine, cut cancelled and with small pieces of tape to strengthen each CC, and now leeching through due to the type of tape used years ago.

12242

Austin, TX- Republic of Texas Fifth Issue of Notes $100 Jan 1, 1840 Cr. A8, Medlar 28, Olson 769
A spectacular Texas $100 with impressive eye appeal, issued on New Year's Day, 1840. This denomination is one of the less seen notes in this series, and although not as scarce as the $500, is beginning to disappear from the marketplace as they are not readily available. Very Fine, CC.

12243

Austin, TX- Republic of Texas Fifth Issue of Notes $500 Aug 17, 1839 Cr. A9, Medlar 29, Olson 772
This note is the key to this series, with less than 50 notes reported for the collecting community, as we usually offer one of this example per year. The note faces up extremely well, with arguments for an even higher grade. This also has the tape repairs on back to the ever present cut cancels, thus our decision to call this rare note Very Fine.

12244

Austin, TX- Republic of Texas Fifth Issue of Warrants $25 April 23, 1841 Cr. AW3A, Medlar 44, Olson 822
These next three Naval Appropriation Certificates easily explain their purpose on the face of each note (do governments actually do that at times?), reading "The last Naval Appropriation being inadequate to satisfy the claims of the Officers, Sailors and Marines of the Texian Navy, the holder of this Certificate, or his Assignee, will be entitled to TWENTY-FIVE DOLLARS upon its presentation at the Treasury, out of the first Appropriation made by Congress to meet said claims." Men were given either a $25 or $50 certificate, and, upon redemption, would endorse the back with their name along with their rank or job. This particular example is endorsed by George Beatty, who served as an Engineer. Extremely Fine-About Uncirculated, CC.

12245

Austin, TX- Republic of Texas Fifth Issue of Warrants $50 April 23, 1841 Cr. AW4, Medlar 46, Olson 828
These certificates were actually used for the second Texian Navy after the first had lost all four of its ships by 1837 due to war and Mother Nature. Commodore Edwin Moore was the chief officer of the navy. He and Sam Houston had different naval policies which led to the necessary use of these certificates to pay the men of the Texian Navy. This example has nice margins, and the embossing is amazing on a 166-year old note. Endorsed on back by R. Giles, Boatswain in the Navy Yard. Choice Crisp Uncirculated, CC.

12246

Austin, TX- Republic of Texas Fifth Issue of Warrants $284.75 Dec.11, 1841 Cr. AW5, Medlar 5, Olson 851
This Treasury Warrant appears to be issued to Lamar Moore to help pay for "Candles & Stationary for Congress". Blue ink signature of Charles Mason as 1st Auditor, and James B. Shaw as Comptroller. Warrant has suffered some water damage at lower right on this otherwise About Uncirculated example.

12247

Austin, TX- Republic of Texas Fifth Issue of Warrants $109.95 May 10, 1845 Cr. AW8, Medlar 14, Olson 880
This warrant carries an interesting description for the use of the requested funds, "This amount being for Presents for Indians". Texas was still a wild and open country during this time, and, due to Sam Houston's policies of working with them, versus killing them, many tribes had entered into treaties promising to end hostilities towards whites. Tribes such as the Cherokee, Waco, Tawakoni, Kichais, Anadarkos, Delaware, Caddo, Shawnee, Biloxi, agreed initially to end hostilities, while the Comanches and Wichita were the last two tribes to enter into treaties with the Republic in 1845. While Sam Houston tried to work with the Natives, the next president, Lamar, simply wanted to drive all Natives from the lands, and, this is reflected in the monies spent on Indian Affairs. During Houston's first term, $190,000 was spent on Indian Affairs, versus $2.5 Million spent during Lamar's term. When Houston once again became president after Lamar, his administration spent $94,000 which is a reflection of the number of treaties signed between the Natives and the Texian's. This warrant grades Choice About Uncirculated due to a couple of corner folds.

12248

Austin, TX- Republic of Texas Fifth Issue of Warrants $191.00 June 13, 1845 Cr. AW9, Medlar 15, Olson 883
This warrant served as James Shaw's paycheck for his duties as Comptroller of the Republic, and is endorsed on the back in his hand as well. About Uncirculated, due to a couple of corner folds. The Medlar number of HW9 is written in the upper right corner, along with a price of $55. Simply a neat piece of Texas history, as is this entire grouping.

12249

Austin, TX- Republic of Texas Fifth Issue of Warrants $26.50 Feb 13, 1846 Cr. AW10, Medlar 13, Olson 930
Auditor's Certificate used for back pay to L.L. Peck for service as a minutemen in Captain Callahan's Company in 1841. The minutemen were used to fight Native Americans and Mexicans, usually suspected of stealing horses. About Uncirculated, CC.

12250

Washington-on-the-Brazos, Texas- Republic of Texas Sixth Issue of Warrants $100.27 Cr. W3, Medlar 2, Olson 1015
This warrant was issued to John C.M. Hodge, Fannin County Congressman, for pay and mileage as a member of the Republic of Texas House of Representatives. Paper has a water stain in the upper right corner, otherwise this is a nice About Uncirculated example.

12251

Washington-on-the-Brazos, TX- Republic of Texas Sixth Issue of Warrants $55.25 May 1, 1844 Cr. W8, Medlar 10, Olson 1045
This warrant served as a partial payment to F. T. Wells as a Midshipmen in the Texas Navy. Of note on the back is the statement, "Pay in Exchequers" and signed by J.B. Shaw as Comptroller, along with the Auditor's statement signed by Charles Mason. This Choice Crisp Uncirculated item brings to an end the last remnants of the extraordinary collection amassed by Mr. Bond from the 1950's through the 1980's. We certainly hope another group of collectors will take the same pride as Mr. Bond did in building their collections in years to come.

12252

Austin, TX- Republic of Texas $2 Apr. 1, 1841 Criswell A2 Medlar 22
This is a scarce denomination issued during the independent days of Texas. Fine, CC.

12253

Austin, TX- Republic of Texas $3 June 10, 1840 Cr. A3 Medlar 23
This is a problem-free example of this scarce and popular denomination. This example avoided circulation during Texas' Republic days. Extremely Fine, CC.

12254

Austin, TX- Republic of Texas $5 Jan. 25, 1840 Cr. A4 Medlar 24
This example is problem-free for the grade. Honest circulation has left this $5 with even wear, sound edges, and bright paper. Fine, CC.

12255

Austin, TX- Republic of Texas $20 Jan. 27, 1840 Criswell A6 Medlar 26
This $20 grades a bright Very Fine, CC.

12256

Austin, TX- Republic of Texas $100 Jan. 1, 1840 Cr. A8 Medlar 28
The edges are sound on this evenly circulated $100. Fine, CC.

12257

Austin, TX- Republic of Texas $100 Aug. 17, 1839 Cr. A8 Medlar 28
This is a nice example for the collector wanting to have some funds left over. Fine,
CC.

12258

Austin, TX- Republic of Texas Government Bond $100 Bonds 1840-41 Cr. 40B; 40E (2)
The 40B grades VF, with cut cancels; and the 40E's grade XF. One has cut cancels and the other has toning with a small amount of ink erosion.

12259

Austin, TX- Republic of Texas Certificate of Stock Bond $100 June 15, 1840 Medlar UNL
This "Certificate of Stock in the ten per cent consolidated fund" has been cut cancelled. It has a center fold and some foxing near the bottom edge. Six of the ten coupons have escaped cancellation. About Uncirculated, CC.

12260

Austin, TX- Republic of Texas Certificate of Stock Bond $500 June 15, 1840 Medlar UNL
This bright example shows light handling and a few pinholes. Four coupons were not cut cancelled. Extremely Fine, CC.

12261

Austin, TX- Republic of Texas Certificate of Stock Bond $500 June 15, 1840 Medlar UNL
The back upper corner of this Certificate of Stock Bond in the ten percent consolidated fund shows repairs with archival tape. This time the bottom row of coupons plus one more coupon has been able to escape the canceller's stamp. The upper left corner tip is missing and some ink erosion is noticed, too. Six coupons have not been cancelled, while two coupons share a repair. Fine, CC, repairs.

12262

Austin, TX- Republic of Texas Government Bond Payable to Holder $100 Jan. 1, 1841 Medlar UNL
This bond was signed by Texas President David G. Burnet. It is bright with two small repairs on the back. Extremely Fine, CC, repairs.

12263

Austin, TX- Republic of Texas Government Bond Payable to Holder $500 Oct. 1, 1840 Medlar UNL
This example has been signed by Texas President Mirabeau B. Lamar. This bond has a couple of vertical folds and it shows foxing. Seven coupons have not been cancelled while one coupon sports a small repair. Extremely Fine-About Uncirculated, CC, repair.

12264

Brenham, TX - Washington County Scrip $3-$2-$1-50¢ Uncut Sheet Medlar 5-4-3-2
An uncut sheet of remainders, complete with extra selvage at the left. A few minor corner and edge folds and some light handling are present. Very scarce as an uncut sheet. Crisp Uncirculated.

12265

Columbia, TX - Commercial & Agricultural Bank of Texas $3 18__ G6 Medlar 20
This note was reconstructed from Civil War era State of Louisiana notes which were printed on the back of recycled sheets of these 1840s Republic of Texas era issues. Reconstructing C&A notes is the only way to obtain them outside of proof form. Archival tape was used to join the right third to the left two-thirds of the note. A couple of pinholes are noticed along with an approximate half inch internal tear. It has been five years since we last offered one of these scarce reconstructed notes. Crisp Uncirculated.

12266

Houston, TX- Government of Texas $5 June 1, 1838 Cr. H16 Medlar 59
This is the nicest one of these that we have seen in a long time. It shows some corner handling and a couple of pre-printing paper crinkles. Closer inspection leads to a small foldover error in the upper left corner. Choice About Uncirculated, CC.

12267

Houston, TX- Government of Texas $5 June 1, 1838 Cr. H16 Medlar 59
The paper is bright on this Obsolete that carries one of the best vignettes of a native American hunter. Despite the listing on the label about being signed by Sam Houston, these notes were signed by William G. Cooke for Sam Houston. PMG Very Fine 20, CC.

12268

Houston, TX- Government of Texas $5 June. 1, 1838 Cr. H16 Medlar 59
Sam Houston had an old wrist wound flare up from military service with Andrew Jackson in the Creek War and he was unable to use his right hand. Therefore, the Texas Congress authorized William G. Cooke to sign notes for him. This is a tougher denomination for this issue. Government of Texas notes are more elusive than their Republic counterparts. The cut cancels have been repaired. Fine, CC.

12269

Houston, TX- Government of Texas $20 Sep. 1, 1838 Cr. H19 Medlar 63
For this Medlar number we have seen only a couple of notes nicer than this one in the last six years. Extremely Fine-About Uncirculated, CC.

12270

Houston, TX- Government of Texas $50 Jan. 24, 1839 Criswell H21 Medlar 67
A little bit of foxing is noticed. Very Fine, CC.

12271

Salt Lake City, UT- Bingham Canyon & Camp Floyd R.R. Co. $10 Jan. 15, 1874 Rust UNL
This denomination is unlisted in the Rust Utah reference. Most of the known lower denomination examples are unsigned remainders, although the notes do exist in circulated grades and apparently were issued by the railroad and redeemed by the Salt Lake City National Bank. Very Good in appearance, although with splits, small holes, and tape repairs, and certainly rare enough to see bidding go will into the area of...

12272

Salt Lake City, UT- Printed Valley Note 50¢ Jan. 20, 1849 Rust 72
An Uncirculated example of this Mormon issued piece which bears the signatures of Brigham Young and Heber J. Kimball.

12273

Orwell, VT- Farmers Bank $1 18__ G10a Proof
This is an ex-ABNCo auction colored Proof that is fully tinted a lovely dark rose. There are punch cancels along the signatures lines. PCGS Gem New 66PPQ.

12274

Harrisonburg, VA- Farmer's and Miller's Depot 5¢ Sep. 13, 1861 Jones PH20-05
This is the first time that this issuer has been in one of our auctions. This denomination is given a 7 rarity, 2 to 4 known, in the Jones-Littlefield reference. Very Good.

12275

Norfolk, VA- Bank of the United States $5 August 3, 1830 C668 Jones BN21-06
This is a contemporary counterfeit on this bank. As stated in the Jones reference, "In all probability, any notes found on this bank would be contemporary counterfeits."

12276

Richmond, VA- Virginia Central Rail Road Co. $20 July 1, 1861 Jones PR60-884
This is a high grade example of this rather scarce note. Unlike many of these notes, this piece is not punch cancelled, but marked in pen with the word "Paid." Very Fine.

12277

Richmond, VA- Viriginia Treasury Note $20 July 1, 1861 Cr 3
Pleasing color and some crispness remain on these early Virginia issues. Fine-Very Fine.

12278

Weston, VA- Bank of Weston $10 18xx G4a
A slight stain is seen on this numbered and countersigned remainder. Fine-Very Fine.

12279

(Madison), WI- Territory of Wisconsin $5 Feb. 19, 1842
This is a scarce Territorial issue listed (but not numbered) by Chet Krause in the Wisconsin reference. Like virtually all we've seen, this example has a small COC. PCGS Very Fine 25, a very high grade example for the issue.

12280

Milwaukee, WI- Milwaukee County Bank $10 Sept. 1, 1862 G4 Krause 4
A spectacular late issue American Bank Note Company product featuring a green tint, a neat Washington portrait, and a central vignette of Niagara Falls. Extremely Fine, falsely filled in, but a truly great obsolete note that is as rare as it is pretty.

Confederate Notes

12281

T7 $100 1861. Cr 9 PF-1 State II
Almost Very Fine in appearance, but with several long repaired tears and some expert paper restoration. A more realistic grade would be G-VG. Although restored, this is a more affordable example that still has an attractive overall appearance. A tough variety with only eight examples enumerated in the Fricke census.

12282

T8 $50 1861. Cr-19 PF-7
The quality of this note cannot be understated. A slight margin irregularity at upper left was the only distraction keeping this note from a higher grade. PMG Choice Uncirculated 64 EPQ.

12283

T8 $50 1861.
This is a beautiful Choice Crisp Uncirculated example of this Criswell number. Only briefly along the left edge is the cut inside the frame line. This note has a blue rubber-stamped "C" for cancel on it. It also carries serial number 173.

12284

T8 $50 1861.
"For" is hand-written before Treasr. on this interesting example that also carries a rubber stamped blue "C" for "Cancelled." Choice About Uncirculated.

12285

T8 $50 1861. Cr 18 PF-4
This wonderful Choice About Uncirculated note is very bright with deep inks and a corner fold. A few hinge marks on the back are no detriment to the overall eye appeal.

12286

T14 $50 1861. Cr 75 PF-6
Some light handling is noticed on this lower serial number example from a printing of less than 500,000 notes. PCGS About New 50.

12287

T17 $20 1861 CC. Cr 99 PF-1
The usual cut cancels are seen on this colorful note that also suffers from some old hole repairs as mentioned by PMG. PMG Fine 12.

12288

T18 $20 1861. Cr 107 PF-7
Low serial number 58 is found on this pleasing example graded PCGS Choice New 63PPQ.

12289

T18 $20 1861 Uncut Sheet of Eight.
This is a scarce Criswell number for uncut sheets. This example has toned a shade and it has been folded vertically through the center. Ink erosion in varying degrees is seen in each signature. About Uncirculated.

12290

T19 $20 1861. Cr 137 PF-1
A very rare note in any grade, with this example colorful and problem free save for a hole cancel through the top center vignette. Fine-Very Fine.

12291

T24 $10 1861. Cr 161 PF-7
Bold signatures remain on this colorful note graded PCGS Very Fine 25.

12292

T24 $10 1861. TEN watermark variety.
The edges are sound on this $10 with the rare "TEN" watermark. Fine.

12293

T24 $10 1861. Cr-162 PF-8
R.M.T. Hunter is on left and a vignette of the Rev. Dr. Alfred L Elwyn as child is on the right, Elwyn was a noted Philadelphia abolitionist is his later years. The orange inks and signatures remain bright despite the circulation sustained. Very Good+.

12294

T31 $5 1861. Cr 243 PF-1
A beautiful example of this scarce type with bold colors and decent paper quality. The margins are quite even and the eye appeal is far above average for this design. PMG Very Fine 25.

12295

T34 $5 1861.
We have seen over the years only a couple of notes of this Criswell number that rival it in condition. PCGS Choice New 63PPQ.

12296

T36 $5 1861. Cr. 274 PF-2.
This is a lovely Crisp Uncirculated Ceres on Cotton note.

12297

T41 $100 1862. Cr-326 PF-15
Nice wide margins are noticed along three sides with a touch of tightness at upper left. PCGS Choice New 63PPQ.

12298

T41 $100 1862. Cr 330 PF-8
The scarce Whatman watermark appears on this example. It is believed only 250 - 350 notes of this type were issued using this paper. Still pleasing despite the handling with an Interest Paid stamp on the back. Fine.

12299

T45 $1 1862. Cr 342 PF-2
This is a type that is seldom seen in high grade, yet this example has survived nearly fully new with only a corner fold at upper right keeping it from being uncirculated. It remains nicely margined though a touch tight at upper right with great color and eye appeal. PMG Choice About Unc 58 EPQ.

12300

T45 $1 1862. Cr 342 PF-2
Here is another pleasing example of this issue, which is elusive in high grade. This Second Series note is a bit miscut along the margin at lower right, but still retaining some eye appeal. A pinhole is also noticed for full disclosure. PMG Choice About Unc 58 EPQ.

12301

T49 $100 1862. Cr-348 PF-2
This is a lovely example of the first CSA $100 note to have a printed back. PMG Choice Uncirculated 64 EPQ.

12302

T49 $100 1862. Cr-348 PF-2
A few as made wrinkles are noticed on this Choice Crisp Uncirculated note which is the first Lucy Pickens $100.

12303

T52 PF-9IB $10 1862 Inverted Back.
This is a sharp example of a very rare Inverted Back error note. It carries serial number 7281-C. This is also the sixth finest known note in the Fricke Condition Census of this classic Confederate error. PMG Choice About Unc 58PPQ with only corner handling.

12304

T59 $10 1863. Cr UNL PF-24IB Invert
The discovery of this note in 2005 has allowed for another of this rare and desirable error to be available to collectors. A touch of staining is the reason for the split grade assigned. This becomes only the second such error of its type. Fine-Very Fine, CC.

12305

T64 $500 1864. Cr-489B PF-1
Oh so close to a screaming Gem with a slight miscut at upper left. PMG Choice Uncirculated 63 EPQ.

12306

T64 $500 1864. Cr 489 PF-1
An Extremely Fine example of this ever increasingly popular CSA high denomination has a partial Palmetto stamp at upper right.

12307

T64 $500 1864.
This handsome $500 appears to be of a higher grade at first glance. This is a lightly handled embossed example that displays a portion of a Confederate Treasury Seal. Extremely Fine.

12308

T64 $500 1864.
Interesting palindrome serial number 20002 graces this $500. Bold embossing of "Confederate States of America" is easily viewed through the third-party holder. PMG Very Fine 30.

12309

Selma, AL- Selma, Marion and Memphis Railroad Company $1000 Bond 1869
This colorful bond has the signature of N(athan) B(edford) Forrest, former Confederate Lt. General of cavalry, on both the face and back. Forrest had much success during the war with his daring raids and tactics. However, this railroad went bankrupt under his leadership. There is some paper separation at a couple of the fold junctures. The bond has an excellent overall appearance and it is of great historical interest. Very Fine.

12310

San Antonio, TX Interim Deposit Receipt $700 June 15, 1864
This $700 receipt for four per cent bonds is dated June 15, 1864 and was issued in San Antonio. The IDR's issued in Texas are some of the most sought after items within this field of collecting. Very Fine-Extremely Fine.

12311

Ball 276 Cr. 136 $1000 1863 Four Per Cent Call Certificate Fine.
Ball 276 is known only in unissued form as all issued pieces were redeemed and destroyed. Ball estimates a population of only 11-20 extant. Two spots of stamp hinge adhesive are noticed. The vignette is of Ruins of Jamestown, Virginia.

Miscellaneous

12312

Republican Convention Intaglio Ticket Proofs, etc.
All of these intaglio proof items were engraved by the ABNCo. Glued to an oversized envelope are a 1932 Republican convention ticket, pen cancelled in red ink, a ticket stub for each of the 1928 and 1932 conventions, a session listing, a small ornate engraving example in green ink, and a Republican National Convention masthead engraving. Similar proof engravings were once inside this envelope and they include a 1924 Republican National Convention ticket with a portrait of Harding, a session listing, a masthead engraving plus other ticket stubs from 1924, 1928, 1932, and 1936. Also, there is a partial sheet of 1932 tickets that is best described as printer's waste. All told 14 different items. Inspection is advised on this interesting lot.

12313

John Deere $500 Coupon Undated Uncut Sheet Proof.
This intaglio coupon proof sheet was printed by the ABNCo. It is uniface and it is deeply embossed. Each coupon was good for $500 in goods or services. A highly unusual offering. Crisp Uncirculated.

12314

Trade and Commerce Vignette.
This vignette is on card stock that measures approximately 14.5 by 7.5 inches. The engraver is T(heodore) Lliebler. The vignette card has been further attached to more card stock and it is viewable through a cutout window.

12315

Complete Naramore Counterfeit Detector Set with Partial Box.
This is a beautiful condition set with all 18 notes present. These are actual photographic copies authorized by the Treasury Department in 1866. The photos are of Proof notes without the seals or signatures, but with the complete engraving. All nine denominations of Legals, from the $1 to the $1000 are present, as are the same nine denominations of Original Series National Bank Notes. This set is also ensconced in a partial Naramore Pocket Edition box. The outer slip case for the box is missing, but the cards have been well preserved. Original Naramore boxes are most difficult to come by, making even this partial box a true wonder of survival. This is one of the best set of Naramore cards that we have ever seen with their reflective gold trim and clean surfaces. We sold a similar set in September 2006 for almost $2000.

12316

Birmingham, AL- Postal Note 10¢ Oct. 21, 1891
A scarce Type IV example which is the first Postal Note of any kind we have had to offer from Alabama. Nice About New, with a few mounting remnants on the reverse.

12317

Waterbury, CT- Postal Savings System Certificate $200 April 1, 1952
A scarce high denomination certificate that was paid in 1964 at the close of the Postal Savings system. About New.

12318

Bay City, MI- Advice of U.S. Postal Money Order Feb. 9, 1897
An interesting and scarce document showing the issuance of a $25 money order in Bay City, MI payable at Perrysburg, NY. The advice was received in Perrysburg the day after it was mailed at Bay City, and the money order was paid in Perrysburg on February 15th. Extremely Fine.

12319

Kansas City, MO- Postal Note 2¢ Sept. 1883
A nice Type 1 example payable in Chicago. Very Fine+++.

12320

Deposit, NY- Postal Savings Certificate $1 Jan. 1, 1912
A neat early certificate issued in January of 1912 in the amount of $1 to Mr. Paul J. Lloyd. Mr. Lloyd had account number 1 at the Deposit Post Office, and the back of the certificate indicates he arrived on May 4, 1916 to collect the eight cents worth of interest that was due him after four years. Uncirculated.

Military Payment Certificates

12322

Ninetieth Division- Berncastle, Germany 10; 20; 50 Teeohs May 1 -2, 1919. The Ninetieth Division's troops were young men from Texas and Oklahoma. Their insignia is a monogram "TO." The Ninetieth served in France during World War One and then spent 1919 on occupation duty in Germany. To relieve the boredom of occupation duty this division held an American circus and county fair in the Fatherland. Currency for this event was denominated in "Teeohs" and the notes display cowboys and native Americans. This is the first time that we have seen more than a solitary piece from this little known event. The 10 Teeohs grades VF with an approximate half inch edge tear, the 20 Teeohs grades VF with tiny splits at both center top and bottom, and the 50 Teeohs grades XF with a few tiny edge splits.

12323

Series 481 50¢ Replacement. This rare first print replacement note is most likely on many want lists. A few minor edge nicks are the only distractions on this high quality note. Very Fine.

12324

Series 521 $10 PMG Choice About Uncirculated 58. This is a bright, well margined note which is a touch tight at lower right. The scarcity of this issue cannot be overstated.

12325

Series 611 $5 PCGS Superb Gem New 67PPQ. Perfectly even margins complement the deeply printed details. It is likely that as more and more notes are submitted to third party grading, population reports will quickly reveal how scarce this issue is in grades above Gem.

12326

Series 651 5¢ PCGS Gem New 66 PPQ. This scarce low denomination issue was released between April of 1968 and November of 1973. The right margin is a touch too large for a full Superb grade.

12327

Series 651 10¢ PCGS Superb Gem New 67PPQ. Perfectly margined with excellent front to back centering.

12328

Series 651 25¢ PCGS Superb Gem New 67PPQ. Bold purple color contrasts nicely against the bright white paper.

12329

Series 661 $1 PCGS Superb Gem New 69PPQ. A pleasing "Clamshell" with perfectly printed details, deep colors, and precisely matching margins.

12330

Series 661 25¢ Replacement Choice About New. This first printing replacement has a corner fold. There are about 20 serial numbers in the census with this recently discovered example bearing a middle of the pack grade.
From The Walla Walla Collection

12331

Series 681 $10 PCGS Superb Gem New 67PPQ. Nearly identically sized margins frame this Vietnam era MPC.

12332

Series 681 $20 First Printing PMG Gem Uncirculated 66 EPQ. The colors remain bold and the margins are ample for a Superb grade.

12333

Series 691 $1 PCGS Superb Gem New 68PPQ. An attractive and perfectly original piece that is two points from perfect.

12334

Series 691 $20 PCGS Gem New 66PPQ. The beauty of this scarcer second printing $20 is captivating with its wonderful traits.

12335

Series 692 $5 PCGS Superb Gem New 67PPQ. Few high denominations from this series survived in high grade, let alone levels of preservation above Gem. This piece is a perfect blend of color and quality.

12336

Series 692 $10 PCGS Gem New 65PPQ. This popular design is perfectly framed by solid margins and bright white paper.

12337

Series 692 5¢; 10¢; 25¢; 50¢; $1 Gem New. This is a well preserved mini-set.

12338

Series 661 5¢; 10¢; 25¢; 50¢; $1; $5 Very Choice New. All six of these notes are nicely margined.

12339

MPC Choice CU Group Lot. This lot consists of Series 521 5¢; 10¢; Series 541 5¢; 10¢; 25¢; Series 611 5¢; 10¢; 25¢; Series 661 5¢; 10¢; 25¢; 50¢; $1; $5; Series 692 5¢; 10¢; 25¢; and 50¢. The Series 692 10¢ note has a small spot at back top center.

Canadian Currency

12340

Brockville, UC- Commercial Bank $10 Ch. 140-10-04P
The first of an amazing run of nine Canadian Proof examples, all of which come from a small group of about thirty U.S. and Canadian obsolete Proofs from the 1830's printers Barton & Edmonds and Casilear, Durand, Barton & Edmonds, both of New York City. Charlton lists no Proofs extant from here, and lists no values in any grade above Very Good. There is one small spot at the bottom and six POC. Uncirculated.

12341

Charlotte Town, PEI- The Bank of Prince Edward Island $1 Jan. 1, 1877 Ch. 600-12-04
This bank was a successful and conservatively managed institution until a new cashier was appointed in 1876. Within a year, the bank became insolvent due to a series of large advances made by the cashier under false pretenses and by 1881 its doors had closed forever. Bright Uncirculated, a premium example.

12342

Clifton, CAN- The Bank of Clifton $3 Oct. 1, 1859 Ch. 125-10-04-04
This banking venture was a classic wildcat scheme, with the bank's promoters issuing currency without the slightest inclination to redeem the bank's notes in specie when they came back for redemption. Crisp Uncirculated.

12343

Clifton, CAN- The Bank of Clifton $2 Sept. 1, 1861 Ch. 125-12-12; $5 Oct. 1, 1859 Ch. 125-10-02-06
Two pieces from this failed venture, the $2 Uncirculated, the $5 Extremely Fine.

12344

Three Photographs From Bill Donlon
These three negatives come from the Thomas F. Morris, Jr. estate sale catalogue, as explained in the accompanying letter to John Ameen from Bill Donlon. All of the notes are in this sale as well. This is an interesting item and hopefully will be kept with at least one of these three items. Offered without estimate.
From The John Ameen Collection

12345

Halifax, NS- The Bank of Nova Scotia $4 July 2, 1877 Ch. 550-16-06
An extremely rare note which is not even priced in the Charlton reference in any higher grade than Fine. This evenly circulated and problem free example comes to us from the Thomas F. Morris II holdings, where it sold in November of 1974 as lot 764. In Mr. Donlon's sale it realized all of $365. Expect it to bring considerably more in this offering. Fine.
From The John Ameen Collection

12346

Hamilton, ONT- The Bank of Hamilton $5 June 1, 1892 Ch. 345-16-02a
A very scarce example from a very seldom seen issuer. Fine, with good color for the grade.

12347

Montreal, PQ- Barclays Bank (Canada) $10 Jan. 2, 1935 Ch. 30-12-06
This institution, the offspring of one of England's largest banks, became a Canadian chartered bank in 1929, issuing only one series of large notes (all of which are quite scarce) and one series of small. This well centered example displays a bright orange tint across both the front and back. About Uncirculated.

12348

Montreal, PQ- Banque Canadienne Nationale $10 Feb. 1, 1929 Ch. 85-12-04
An attractive example of this well engraved note, with the central feature of the reverse a montage of the provincial crest of each Canadian province. Extremely Fine.
From The John Ameen Collection

12349

Montreal, PQ- Banque D'Hochelaga $5 May 2, 1898 Ch. 360-18-02
All pre-1914 issues from this bank are rare, with surviving examples reported only for the $5 and $10 denominations from this issue. Good-Very Good, with no real problems save for honest wear.
From The John Ameen Collection

12350

Montreal, PQ- The Mechanics Bank $5 June 1, 1872 Ch. 430-10-08
This was obtained by John Ameen from the Thomas Morris, Jr. sale held by Bill Donlon in 1974. It comes with the Smillie engraved vignette found at the top center of the note. About Fine, with a penned notation "Bank Failed" on the reverse.
From The John Ameen Collection

12351

Montreal, PQ- The Merchants Bank of Canada $5 Jan. 1, 1900 Ch. 460-14-02
A very scarce note with a great sailing ship center vignette. This piece and its accompanying vignette of the reclining woman at the left were obtained by John Ameen from the November, 1974 Donlon sale of the Thomas F. Morris, Jr. estate as lot 829. Very Good-Fine.
From The John Ameen Collection

12352

Montreal, PQ- The Merchants Bank of Canada $20 June 1, 1907 Ch. 460-16-06
A very scarce note featuring a full green tint and a neat steer's head vignette. About Fine.
From The John Ameen Collection

12353

Montreal, PQ- The Molsons Bank $5 Oct. 2, 1905 Ch. 490-28-04
A very scarce note in any grade. Well circulated but intact Very Good, with good color and appearance for the grade.

12354

Montreal, PQ- The Molsons Bank $5 Jan. 2, 1908 Ch. 490-30-02
Another scarce note from this well collected bank. About Fine, with a couple of minor splits at the top margin.

12355

Montreal, PQ- The Molsons Bank $5 Jan. 2, 1912 Ch. 490-32-02
Well circulated but still quite collectible. This note portrays a bewhiskered William Molson at the center. Very Good+.

12356

Montreal, PQ- The Bank of Montreal $10 Jan. 2, 1931 Ch. 505-58-04
A rather common note in the lower grades, but hard to find this nice. PMG has graded this as Choice Uncirculated 64 EPQ.
From The John Ameen Collection

12357

Montreal, PQ- The Royal Bank of Canada $10 Jan. 2, 1913 Ch. 630-12-08
A high grade example of this very scarce note which has been graded Choice Extremely Fine 45 by PMG.
From The John Ameen Collection

12358

Montreal, PQ- The Royal Bank of Canada $10 Jan. 2, 1913 Ch. 630-12-08
This is Canada's version of the "Battleship Note," with the central vignette a depiction of the Battleship Bellerophon. Pleasing Fine-Very Fine.

12359

Montreal, PQ- The Royal Bank of Canada $20 Jan. 2, 1913 Ch. 630-12-12
One of the most popular of the chartered bank notes due to its visually appealing central vignette. Very Fine, with most of the wear on the back. There is a small split on the left side that must be mentioned as well.

12360

Montreal, PQ- The Royal Bank of Canada $10 Jan. 3, 1927 Ch. 630-14-08
Plenty of original color remains bright on this lovely Very Fine-Extremely Fine note.
From The John Ameen Collection

12361

Montreal, PQ- The Royal Bank of Canada $20 Jan. 3, 1927 Ch. 630-14-10
The variety with the scarcer C.E. Neill signature, which is unpriced in the Charlton reference in any grade above Very Fine. Very Fine.
From The John Ameen Collection

12362

Montreal, PQ- The Royal Bank of Canada $100 Jan. 3, 1927 Ch. 630-14-20
A very scarce high denomination example. Fine+, with a date stamped or typed in blue ink on the reverse top margin.
From The John Ameen Collection

12363

Montreal, PQ- The Royal Bank of Canada $5 Jan. 2, 1920 Ch. 630-42-02 Dominica Issue
Like the Canadian Bank of Commerce, this huge bank developed branches all over Canada and then throughout the Caribbean, issuing currency for local use and denominated in local currency at several. This piece was payable at Roseau, Dominica, and was redeemable only in that country. Fine, a very scarce note.

12364

Montreal, PQ- The Royal Bank of Canada $5 Jan. 2, 1920 Ch. 630-66-02 Trinidad Issue
Another of the scarce Caribbean issues, with this piece payable at Port of Spain, Trinidad. Fine+.

12365

Quebec, PQ- La Banque Nationale $5 Jan. 2, 1897 Ch. 510-20-02
A scarce chartered bank which is seldom offered. Fine.
From The John Ameen Collection

12366

St. Johns, NFD- Commercial Bank of Newfoundland $2 Jan. 3, 1888 Ch. 185-18-04
An attractive example of this scarce note. Fine, with a bright orange overprint.
From The John Ameen Collection

12367

Toronto, ONT- The Canadian Bank of Commerce $100 Jan. 2, 1917 Ch. 75-16-02-12
Like many of the Canadian notes from the Ameen collection, this piece can trace its pedigree back to the William P. Donlon sale of the Thomas F. Morris II Estate. Thomas F. Morris II was the son of Thomas F. Morris, Sr., the Chief of the Engraving Division of the U.S. Bureau of Engraving and Printing from 1893 until his death in 1898. In that capacity Morris Sr. supervised the preparation and production of the Educational Series notes. His son was a well known collector who became a Charter Member of the Society of Paper Money Collectors and served as President of the New York Numismatic Club. The younger Morris was one of the first Americans to seriously collect Canadian paper money, and a fair number of his notes grace this catalogue. This example was lot 674 in his November, 1974 sale. Fine-Very Fine.
From The John Ameen Collection

12368

Toronto, ONT- The Canadian Bank of Commerce $50 Jan. 2, 1917 Ch. 75-16-04-22
A very scarce high denomination example with a vignette appropriate to the wartime year of 1917 depicting Herculean figures representing science and industry. Nice Fine.
From The John Ameen Collection

12369

Toronto, ONT- The Canadian Bank of Commerce $10 January 2, 1935 Ch. 75-18-08
This colorful note has been awarded the grade of PMG Choice Uncirculated 64 EPQ.

12370

Toronto, ONT- The Canadian Bank of Commerce $5 Jan. 2, 1922 Ch. 75-20-04 Barbados Issue
This rare note was prepared for use in the branch office of this bank in Bridegetown, Barbados, with similar notes issued at the bank's branches in Kingston, Jamaica and Port of Spain, Trinidad. All were denominated in local currency, pounds sterling in Jamaica and dollars in Barbados and Trinidad. All are scarce to rare, especially in any grade higher than Fine. This piece has retained its bright colors and grades a nice Very Fine.

12371

Toronto, ONT- The Canadian Bank of Commerce $5 Jan. 2, 1922 Ch. 75-20-04 Barbados Issue
A second example which is very close in grade to its sibling. Nice Fine++.

12372

Toronto, ONT- The Colonial Bank of Canada $4 June 9, 1859 Ch. 130-10-02-08
This piece comes with a Proof vignette of Queen Victoria which appears at the center of this note. It was obtained from the Tom Morris, Jr. sale in 1974 by John Ameen. Very Fine.
From The John Ameen Collection

12373

Toronto, ONT- The Dominion Bank $5 Jan. 2, 1925 Ch. 220-16-14
A brightly colored example from this none too common bank. Nice Fine.
From The John Ameen Collection

12374

Toronto, ONT- The Dominion Bank $5 Feb. 1, 1931 Ch. 220-24-02
An attractive example of this multi-hued note. Extremely Fine.
From The Thomas A. Bergin Collection

12375

Toronto, ONT- The Dominion Bank $10 Feb. 1, 1931 Ch. 220-24-06
A nice circulated example of this colorful note, with the blue reverse dominated by a huge map of Canada. Fine+.

12376

Toronto, ONT- The Farmer's Joint Stock Banking Company $5 Feb. 1, 1849 Ch. 280-12-06
The variety with "Twenty Five Shillings" printed on the note. About Uncirculated.
From The John Ameen Collection

12377

Toronto, ONT- Imperial Bank of Canada $20 Nov. 1, 1923 Ch. 375-18-10
An attractive example bearing the stern portrait of Peleg Howland as its central vignette. Extremely Fine+.

12378

Toronto, ONT- Imperial Bank of Canada $50 Nov. 1, 1923 Ch. # 375-18-14
A better high denomination example with a bright orange tint on both face and back. PMG has graded this example as Very Fine 30.
From The John Ameen Collection

12379

Toronto, ONT- Imperial Bank of Canada $50 Nov. 1, 1923 Ch. 375-18-14
This sale offers a choice of certified or non-certified examples of this none too common high denomination note. Very Fine, with bright orange color.

12380

Toronto, ONT- Imperial Bank of Canada $5 Nov. 1, 1934 Ch. 375-22-04
A lovely example of this bank's small size issue. Choice About Uncirculated.

12381

Toronto, ONT- The International Bank of Canada $50 June 1, 1859 Ch. 380-12-06
This bank was a rogue operation from its very start, operating for only about two years before failing in 1859. Many notes from this institution are quite common, but this high denomination specimen is certainly not. Extremely Fine-About Uncirculated.

12382

Toronto, UC- The Bank of the People $1 Ch. 570-12-02P Proof
The first of an extraordinary offering from this excessively rare issuer. This example, as are the others below, come from this bank's issue of 1836-1840. Only this denomination and the $10 example are listed in the Charlton reference as Proofs. Uncirculated, with 2 POC at the signature blocks.

12383

Toronto, UC- The Bank of the People $3 Ch. 570-12-05P Proof
This note is so rare that the current edition of Charlton lists no prices but simply states "Institutional Collection Only" for issued notes and lists no Proofs whatever for this denomination. Any estimate for this note is simply conjecture, as this Proof may well be unique, but this lovely Uncirculated specimen with ten POC is certain to bring a strong four figure price.

12384

Toronto, UC- The Bank of the People $4 Ch. 570-12-08P Proof
A lovely Proof which is perhaps even more desirable than the $3 Proof offered above. Again, the Charlton reference lists no Proofs extant in this denomination, and indicates that surviving issued example exist in "Institutional Collections Only." The example illustrated in the current edition has several pieces missing. This specimen does not. Uncirculated, with 10 POC, a true wonder note offered here to the numismatic community for the first time. 570-12-08

12385

Toronto, UC- The Bank of the People $5 UNL Proof
This denomination is unlisted in the Charlton reference both as an issued and as a Proof note. What more can be said other than after the hammer falls on this lot, the reference books will need to be re-written and one fortunate collector will own a spectacular and unique item. Uncirculated, with 10 POC.

12386

Toronto, UC- The Bank of the People $8 Ch. 570-12-10P Proof
Another in this parade of rarities, with this neat $8 note listed in Charlton with the notation "Institutional Collection Only" for issued notes and unlisted as a Proof. This gorgeous example is beautifully engraved and very likely unique as a Proof. Uncirculated, with 10 POC.

12387

Toronto, UC- The Bank of the People $10 Ch. 570-12-12P Proof
A nice Proof which notes the denomination in three languages (as do each of these examples), English, French, and German. This denomination is one of three listed by Charlton in Proof for this issuer. Uncirculated, with eight POC, and a couple of nicks in the bottom border.

12388

Toronto, UC- The Bank of the People $20 Ch. 570-12-20P Proof
A miracle of survival, as this may well be the only example of this denomination known to exist. The Charlton reference lists no Proofs and annotates regular issues with the words "Surviving Examples Not Confirmed." This piece is one of the highlights of the Florida Proof grouping, and will certainly become one of the highlights of the collection it now enters. Uncirculated, with a tiny nibble off the bottom left corner tip.

12389

Toronto, UC- The Bank of the People $50 Ch. 570-12-30P Proof
Another wonder item which is almost certainly unique, as Charlton once again lists no Proofs and indicates that issued examples are unknown. If rarity and desirability are any guide here, our estimate may well appear conservative after the hammer falls. Uncirculated, 6 POC.

12390

Toronto, ONT- The Standard Bank of Canada $20 Jan. 2, 1919 Ch. 695-18-32
A high grade example of this very scarce note, which is unpriced in Charlton above Very Fine. Very Fine.
From The John Ameen Collection

12391

Toronto, ONT- The Bank of Toronto $5 Oct. 1, 1929 Ch. 715-22-22
A bright and fresh example with the distinctive yellow tint used by this bank on the face and a vivid orange reverse. Very Fine.
From The John Ameen Collection

12392

Toronto, ONT- The Bank of Toronto $5 Jan. 2, 1935 Ch. 715-24-02
A reduced size version of the note above, with a similar yellow tint across the front and a boldly colored orange reverse. Extremely Fine-About Uncirculated.
From The John Ameen Collection

12393

Toronto, ONT- The Bank of Toronto $10 Jan. 2, 1935 Ch. 715-24-10
A second high end example of this strikingly attractive note. Extremely Fine.

12394

DC-2a $1 1870
This is a nice example from the first Dominion of Canada issue, with this piece payable in Montreal and displaying the small date. It's an attractive and evenly circulated Fine+ specimen with excellent color and body for the grade.

12395

DC-2ai $1 1870
This Very Good example is missing a slight corner tip at upper left. There are a few hinge marks on the back at left.
From The John Ameen Collection

12396

DC-8e-i $1 1878
As Charlton relates, the ostensible reason for issuing this series was to combat counterfeiting of the 1870 Toronto $1 notes. What resulted was even more extensive counterfeiting, with the 1878 Ones raised to Fours and the 1878 Twos plagued by spurious copies. This issue also started the tradition of picturing the Governor General and his wife on Dominion notes, with the $1 bearing the portrait of the Countess of Dufferin and the $2 the Earl of Dufferin, the Governor General of Canada from 1872 to 1878. This attractive PMG graded example is payable in Montreal. PMG Extremely Fine 40, a rare note in this grade.

From The John Ameen Collection

12397

DC-13a $1 1898
A nice example with good color and body for the grade. This is the considerably scarcer variety with the ones curved inward. It's a relatively common note in the lower grades, but a rather scarce item in this grade and higher. Very Fine.
From The John Ameen Collection

12398

DC-13c $1 1898
A nice circulated example in a PMG Choice Very Fine 35 holder. The portraits are those of the Countess and Earl of Aberdeen.
From The John Ameen Collection

12399

DC-14b $2 1897
This note bears a portrait of a bemedalled Edward, Prince of Wales, who later reigned as King Edward VII. It is a scarce issue in all grades, with high grade examples quite rare. Very Good-Fine, with good color for the grade.

12400

DC-16 1900 $4
This was the second issue of $4 notes from the Dominion, and featured the dual portraits of the Countess and Earl of Minto, the Earl having served as the Governor General of Canada. The central vignette portrays the Sault Ste. Marie locks, which connect Lake Superior and Lake Huron. Unfortunately, through an error, the locks depicted on this note were those of the American side, rather than the Canadian side. This is a much sought after note and one which is very scarce in any grade above Fine. This piece has been graded by PMG as Very Fine 20.
From The John Ameen Collection

12401

DC-21a $5 1912
This No Seal Boville note is simply a wonderful Train note with plenty of paper originality. PMG Extremely Fine 40 EPQ.
From The Walla Walla Collection

12402

DC-21c $5 1912
A premium high end circulated example of the much in demand "Train" note. PMG has graded this note Choice Very Fine 35 EPQ, a grade it well appears to deserve.
From The John Ameen Collection

12403

DC-23a $1 1917.
PMG declares that this note has "Exceptional Paper Quality." We see that too through the third-party holder. PMG Choice Very Fine 35 EPQ.

12404

DC23a-i $1 1917
A high grade example which is well centered and bright. It was obtained by John Ameen from Bill Donlon's Tom Morris, Jr. sale and comes with a small card mounted vignette of the "Original Houses of Parliament" found on the reverse of this note. Extremely Fine.
From The John Ameen Collection

12405

DC-23c $1 1917
A high end example of the Princess Patricia note which has been encapsulated by PMG and assigned a grade of Choice About Uncirculated 58.
From The John Ameen Collection

12406

DC-25f $1 1923.
The original surfaces of this note show slight handling near the right margin. About Uncirculated.

12407

DC-26j $2 1923
An attractive and well centered example which has been assigned a grade of Choice About Uncirculated 58 EPQ by PMG.
From The John Ameen Collection

World Paper Money

12408

DC-27 $5 1924
This issue, featuring a formal portrait of Queen Mary, offers an interesting history. Although the plates were prepared in 1924, and the note is dated May 26th in honor of the Queen's birthday, there was so little need for Dominion $5 bills that printing for this issue did not commence until 1931. When finally printed, they were stored until 1934, when they finally entered circulation, just in time to be replaced by the 1935 Bank of Canada issue, which marked the withdrawal of the Dominion notes. The new Charlton catalogue estimates that only about one-third of the very small printing of 2,000,000 pieces were ever put into circulation. This example has retained its lovely blue color, and exhibits barely any traces of circulation at all. It is as nice or nicer than the specimen we sold as part of the Halton Lake collection last year which realized $7475. PMG Choice Extremely Fine 45 EPQ.
From The John Ameen Collection

Canadian Currency

12409

BC-1 $1 1935
A high end English Text example which displays just a bit too much handling to merit the full Gem grade. Choice Crisp Uncirculated.

12410

BC-3 $2 1935
The face is a bit off center and there is one light handling mark, but the note is absolutely original and unmolested. Choice Crisp Uncirculated.

12411

BC-5 $5 1935
A nice example of the English Text variety, with bright colors and fully original surfaces. Choice Crisp Uncirculated.

12412

BC-5 $5 1935, BC-6 $5 1935
Here is a pleasing pair of nicely centered English and French versions of this elusive issue. Very Fine.
From The Walla Walla Collection

12413

BC-7 $10 1935
An attractive English Text example. Crisp Uncirculated.

12414

BC-7 $10 1935
BC-8 $10 1935
This is an evenly matched pair of an English and French version with the English a touch nicer. Very Fine.
From The Walla Walla Collection

12415

BC-9b $20 1935
All 1935 $20 notes are scarce to rare, with this English Text small seal example the most available of the three varieties. This is a high end piece which looks better than its technical grade would indicate. Extremely Fine-About Uncirculated.

12416

BC-23b $5 1937
A hugely margined example with blazing colors. PMG has graded this Gem Uncirculated 65 EPQ, a grade which certainly appears well deserved.
From The John Ameen Collection

12417

BC-24b $10 1937
A large bottom margin is noticed on this brightly inked example. PMG Choice Uncirculated 64 EPQ.

12418

BC-26b $50 1937
A lovely example with great color and eye appeal. PMG has holdered this note after grading it Gem Uncirculated 65 EPQ and its Exceptional Paper Quality can be seen even through the PMG holder.
From The John Ameen Collection

12419

BC-26b $50 1937
A lovely note just a few serial numbers from the other 1937 $50 offered here. It's just as nice, having been graded PMG Gem Uncirculated 65 EPQ.
From The John Ameen Collection

12420

BC-29a $1 1954 Devil's Face Twenty-five Consecutive Examples.
This is a spectacular run with 17 PMG Gem Uncirculated 66 EPQs and eight PMG Superb Gem Unc 67 EPQs.

12421

BC-29a $1 1954 Devil's Face Twenty-five Consecutive Examples.
Every note is nicely centered and embossed in this run. There are 22 PMG Gem Uncirculated 66 EPQs and three PMG Superb Gem Unc 67 EPQ.

World Paper Money

12422

BC-30b $2 1954 Devil's Face Twenty-five Consecutive Examples.
This better D/B run kicks-off with 22 PMG Gem Uncirculated 66 EPQ notes, and they are followed by a single PMG Superb Gem Unc 67 EPQ note, and the final two notes are PMG Choice Uncirculated 63 EPQ notes. In Charlton these list for $600 per note in Gem Uncirculated condition.

Canadian Currency

12423

BC-30b $2 Devil's Face 1954
A lovely note which has received a grade of Gem Uncirculated 65 EPQ by PMG.
From The John Ameen Collection

12424

BC-30b $2 1954 Devil's Face Twenty-five Consecutive Examples.
This second better D/B run starts off with a PMG About Uncirculated 53 EPQ note, followed by 11 PMG Gem Uncirculated 65 EPQ notes, and then there are 13 PMG Gem Uncirculated 66 EPQ notes. Again, in Charlton these list for $600 per note in Gem Uncirculated.

12425

BC47a-i $2 1974
A bright and fully original $2 example bearing solid serial number AGF9999999. Choice Crisp Uncirculated.

12426

BC-49b $10 1971
This is hardly a rare note, but few examples are nice enough to merit a PMG grade of Gem Uncirculated 66 EPQ.
From The John Ameen Collection

12427

BC-51a $50 1975
A near perfect example which PMG has graded as Gem Uncirculated 66 EPQ.
From The John Ameen Collection

12428

Canadian 1988 Fifties in Gem Crisp Uncirculated.
This lot starts off with Charlton BC-59aA (a replacement); 59b; 59c; and 59d (2).

12429

BC-60aA $100 1988
This replacement note has the very scarce "Hidden Back Plate" number. The Charlton catalogue value is $700 in Uncirculated, which may be conservative for this blazing Gem Crisp Uncirculated example.

12430

BC-60aA-i $100 1988
A gorgeous replacement example which is certain to please. Gem Crisp Uncirculated.

12431

BC-60c, BC-60d $100 1988
Two pieces, each grading Gem Crisp Uncirculated.

World Currency

12432

Argentina La Nacion 20 Pesos 1895 Pick 222a
This beautiful and vivid note is elusive in this lofty grade level. General Arenales, a famous Argentine military hero is pictured at right. A few pinholes make their presence known on otherwise twice folded, crisp surfaces. Extremely Fine.

12433

Argentina Republica Argentina Treasury Note 100 Pesos 1861 Pick S223
Plenty of embossing remains on this example which is elusive in this state of preservation. A seated Allegorical man with bales graces the face while "Pagado" is stamped on the back. Choice About Uncirculated.

12434

Argentina Provincia de Buenos Ayres 5 Pesos 1844 Pick S385
Though described as yellow uniface this note has a more orange tint. A few hinge marks are noticed on the back. Very Fine+.

12435

Argentina El Banco Nacional 2 Pesos 1881 Pick S677
This seldom seen issue features a central vignette of Bernardino Rivadavia who was a prominent political figure of the time. Undervalued and sure to generate interest this note grades Very Fine with a few pinholes.

12436

Argentina El Banco Nacional 1 Peso 1888 S1091a? Specimen?
Here is the first in a series of this issue that are not signed but punch cancelled in the style of a specimen. A bit of adhesive residue is noticed. Choice About Uncirculated.

12437

Argentina El Banco Nacional 2 Pesos 1888 Pick S1092a? Specimen?
This note carries an engraving of General Alvear. Beautiful allegorical vignettes complete this example. Punch cancelled and unsigned, perhaps a remainder. Choice About Uncirculated.

12438

Argentina El Banco Nacional 5 Pesos 1888 S1093a? Specimen?
This denomination carries the likeness of Dr. Velez Sarsfield. The issue with its allegorical references is reminiscent of the US Educational Series. A slight ding along the left margin accounts for the grade. Choice About Uncirculated.

12439

Argentina El Banco Nacional 10 Pesos 1888 Pick S1094a? Specimen?
A bit of adhesive on the face of this colorful note is cause for the grade. A well decorated General Roca is forever immortalized on this example punch cancelled in the style of a specimen. Choice About Uncirculated.

12440

Argentina El Banco Nacional 20 Pesos 1888 Pick S1095a? Specimen?
This unsigned example has been punch cancelled as a specimen issue. Unlisted as such in the Standard Catalog. Choice About Uncirculated.

12441

Argentina El Banco Nacional 50 Pesos 1888 Pick 1096a? Specimen?
This pleasing note is seldom available at auction in any form. Punch cancelled and crisp. A light corner bump necessitates the grade. Choice About Uncirculated.

12442

Argentina El Banco Nacional 500 Pesos 1888 Pick S1099a? Specimen?
Last appearing at auction in 2003, this very elusive issue features a vignette of General Belgrano. Unpriced in any condition in the Standard Catalog. Choice About Uncirculated.

12443

Argentina El Banco Nacional 1000 Pesos 1888 S1100a? Specimen?
Here is the last entry in this glorious run of sample notes by Bradbury, Wilkinson. A touch of adhesive residue affects the face of this colorful beauty that carries the engraved portrait of General de San Martin. Choice About Uncirculated.

12444

Argentina (Banco) Oxandaburu y Garvino 1 Peso Boliviano 1867 Pick S1775r
Heavy tape staining is noticed on this seldom seen unsigned remainder without counterfoil. Very Good.

12445

Argentina Banco Rosario de Santa Fe 1 Peso Plata 1869 Pick S1854b
This issue carries a handwritten signature and is elusive as such. The note is lithographed by C. Held Rosario. Fine.

12446

Argentina 1/2; 1; 2; 4 Reales 1869 Pick S1996-1999 Face Proofs
The 1/2 and 1 Reale proofs have been punch cancelled twice. The 2 Reales has been mounted on card stock, and the 4 Reales has a pre-printing paper crinkle. These are all unpriced in the Krause reference at this grade level. Choice Crisp Uncirculated.

12447

Argentina 10 Pesos El Banco Nacional (1881) Pick UNL Back Proof
This gorgeous back proof is mounted on card stock. Choice Crisp Uncirculated.

12448

Bermuda 10 Shillings 1952 Pick 19a
In Unc these are listed at $350 in the Krause reference. PMG Gem Uncirculated 66 EPQ.

12449

Biafra £1 (1968-69) Pick 5a 500 Consecutive Example.
This is a pack of 500 notes from this state that tried to secede from Nigeria. Included with the notes are the pack's original kraft wrapping paper with the end label attached. The end label list the serial numbers of the notes. Choice Crisp Uncirculated.

12450

Bolivia El Banco de la Nacion Boliviana 1 Boliviano 1911 Pick 104
Auction appearances of notes of this type have been few and far between. The front of the note was printed by Italian printer Cartiere Pietro Miliani while the back was done by Officina Carte Valori Turati Lombardi e C. Milano. A watermark of Mercury serves as the central vignette of sorts. Very Fine-Extremely Fine.

12451

Bolivia El Banco Francisco Argandona 20 Bolivianos ND 1893 Pick S144p
This gorgeous pair is simply awash in color, which was an important counterfeit deterrent. Printed by Bradbury, Wilkinson & Company, the vignettes appear truly lifelike. Extremely Fine.

12452

Bolivia El Banco Francisco Argandona 50 Bolivianos 1893 Pick S145p
The colors are simply stunning on these notes, whose front carries a vignette of the bank's founder. No value is listed in the Standard Catalog, which should change when the hammer falls on these Extremely Fine beauties.

12453

Brazil 1000 Reis (1891) Pick 3 UNL Face and Back Proofs
Proofs for this design are not mentioned in the Krause reference. A penciled control number is found on the back of each of these proofs mounted on card stock. The face proof also carries four punch cancels. Gem Crisp Uncirculated.

12454

Brazil Imperio do Brazil 2 Mil Reis Estampa 6A 1882 Pick A251
This pair of lovely proofs includes a front that is colored (as issued) black on blue and another which is black on olive. Plenty of printer's notations can be found on these late 19th century works in progress. Crisp Uncirculated.

12455

Brazil 200 Mil Reis Estampa 12A 1911 Pick 77
The Choice Crisp Uncirculated face proof featuring lovely allegorical women is well margined while the About Uncirculated back proof has a tiny corner fold. Printer notations in red and black pencil are noticed on the backs.

12456

Brazil 50 Reis 1923 Pick 119s UNL Specimen
A specimen is not listed in Krause for this Pick number. A penciled control number is found on the back and a pinhole is also spotted. Choice Crisp Uncirculated, punch cancelled.

12457

Brazil 200 Reis 1923 Pick 121s UNL Specimen
A specimen is not listed in the Krause foreign opus for this design either. A grouping of pinholes is found near the left-hand edge. A penciled control number is also found on the back. Crisp Uncirculated, punch cancelled.

12458

Brazil Banco do Rio Grande do Sul 10 Mil Reis ND (1859) Pick S436a
This issue is unpriced in the Standard Catalog in any grade. Attractive heavily watermarked paper bears a deep director's signature. About Uncirculated.

12459

Chile Republica de Chile 20 Pesos ND 1900-1913 Pick 23s
Not listed in specimen form, this interesting note includes the counterfoil. Printed by Waterlow & Sons, it carries punch cancels along with a bright blue cancellation stamp. Choice About Uncirculated.

12460

Colombia 20 Pesos Banco Hipotecario Del Pacifico (1922) Pick 525p Face Proof
This is an interesting proof mounted on card stock of a note that carries interest markers at right. Choice Crisp Uncirculated.

12461

Colombia Banco Internacional 50 Pesos 1884 Pick S564p
This pair of proofs remains quite bright though the back proof does show a touch more handling. The colors are vivid on these notes printed by the American Bank Note Co., NY. About Uncirculated.

12462

Colombia El Banco de Bogota 5 Pesos 1899 Pick S627
This wonderful provisional issue note grades Fine-Very Fine.

12463

Colombia Banco de Oriente 5, 10, 100 Pesos 1888, 1888, 1900 Pick S698, S699, S700
The Five and Ten Pesos notes have dates which are unlisted in the Standard Catalog of World Paper Money. All these wonderful pieces were printed by Perkins, Bacon, & Company. Elusive in higher grades. Choice About Uncirculated.

12464

Costa Rica Banco Nacional De Costa Rica 100 Colones 1942 Pick 208
This note traces its lineage back to the Amon Carter Collection. An interesting design is featured on the front. Difficult to locate in any grade expect this Fine-Very Fine example to realize...

12465

Costa Rica El Banco Herediano 5, 10, 25, 50, 100 Pesos 188x Pick S181p, S182p, S183p, S184p, S185p
Simply a true rarity as no value for proofs is listed in the Standard Catalog. Various allegorical figures are depicted on these notes lithographed by American Bank Note Co. NY. The 10 and 25 Pesos denominations are punch cancelled along the signature lines while the other denominations are stamped Specimen twice along the signature lines. Some minor corner dings are noticed along with pinholes present on the 100 Pesos note. Crisp Uncirculated.

12466

Cuba El Banco Espanol de la Habana 50 Centavos 1889 Pick 33a Specimen
This lightly handled note still has the counterfoil attached and is punch cancelled. About Uncirculated.

12467

Denmark 1 Rigsdaler 1769-92 Pick A24c
This pleasing example faces up nicely, but displays a touch of foxing on the back.
PMG Very Fine 25.

12468

Denmark 1 Rigsdaler Courant 1788-1813 Pick A28
This note dated 1800 retains great embossing on the stamps. PMG Very Fine 30.

12469

Denmark 8 Skilling 1809 Pick A40
This 1809 small change note appears to be printed on white paper though thorough examination reveals a subtle hint of blue. PMG Choice Fine 15.

12470

Denmark 12 Skilling 1809 Pick A41
The inks are still legible on this example dated 1809. PMG Choice Very Fine 35 EPQ.

12471

Denmark 24 Skilling 1809 Pick A42
This example faces up nicely and at first glance harkens to a higher grade. PMG Choice Fine 15.

12472

Denmark National Bank in Copenhagen 1 Rigsbankdaler 1819 Pick A53
A touch of weakness in the center and a rough bottom edge account for the assigned grade on otherwise bright surfaces. PMG Fine 12 Net.

12473

Denmark National Bank of Copenhagen 5 Rigsbankdaler 1835 Pick A58
This scarcer issue offers no pricing info above fine. The color remains deep and a few margin splits are noted along the center fold. PMG Very Fine 20.

12474

Denmark National Bank in Copenhagen 10 Kroner 1889 Pick A81
The Danish arms provide the focal point for this desirable rarity. Problem free with even margins displayed. PMG Very Fine 25

12475

Denmark 10 Kroner 1911 Pick 7l Prefix F
The inks remain sharp on this lightly circulated note. PMG Choice Extremely Fine 45 EPQ.

12476

Denmark State Treasury Note 10 Kroner 1914 Pick 16a
This Series 1 example retains much eye appeal despite a couple of age spots. PMG Extremely Fine 40 EPQ.

12477

Denmark National Bank Copenhagen 5 Kroner 1929 Pick 20p
The color remains quite strong despite the circulation exhibited. PMG Choice Very Fine 35.

12478

Denmark National Bank Copenhagen 10 Kroner 1928 Pick 21ab
Bright paper remains on this lightly handled Q prefix Danish issue. PMG Extremely Fine 40.

12479

Denmark National Bank Copenhagen 50 Kroner 1926 Pick 22f
This denomination with an always popular fishing vignette is quite scarce. A complete well margined example grades PMG Very Fine 25.

12480

Denmark National Bank Copenhagen 100 Kroner 1928 Pick 23j
This is a well margined prefix A example. PMG Choice Very Fine 35.

12481

Denmark National Bank Copenhagen 500 Kroner 1921 Pick 24c
A margin nick along the bottom, not into the design, is the only distraction on this elusive high denomination issue. PMG Very Fine 20.

12482

Denmark National Bank Copenhagen 5 Kroner 1933 Pick 25d
This prefix "B" note sustained a change in the obligation. PMG Choice Extremely Fine 45 EPQ.

12483

Denmark National Bank Copenhagen 50 Kroner 1933 Pick 27b
Solid margins are noticed on this bright note. PMG Choice Very Fine 35.

12484

Denmark National Bank Copenhagen 100 Kroner 1932 Pick 28b
Broad margins are noticed on this example with a small margin nick along the top. PMG Very Fine 20.

12485

Denmark Danmarks Nationalbank 100 Kroner 1944 Pick 36a
Huge margins and deep inks are noticed on this pristine example. PMG Choice Uncirculated 64 EPQ.

12486

Denmark Danmarks Nationalbank 50 Kroner 1954 Pick 38h
Nice embossing still remains on this example with an effective watermark. PMG Extremely Fine 40 EPQ.

12487

Denmark Danmarks Nationalbank 100 Kroner 1944 Pick 39a
The paper screams originality on this wonderfully margined note. PMG Gem Uncirculated 66 EPQ.

12488

Denmark Danmarks Nationalbank 500 Kroner 1956 Pick 41i
Generous margins and deep inks compose this prefix "d" issue. PMG Very Fine 30 EPQ.

12489

Denmark Danmarks Nationalbank 100 Kroner 1961-70 Pick 46b
The note still retains some crispness despite the usual folds. PMG Very Fine 25.

12490

Denmark Danmarks Nationalbank 500 Kroner 1967 Pick 47c
A couple of light folds have infiltrated the surface of this high denomination Danish note. PMG About Uncirculated 53.

12491

Denmark Danmarks Nationalbank 500 Kroner 1972 Pick 52a
Plenty of embossing remains on this colorful example. PMG Gem Uncirculated 66 EPQ.

12492

Denmark Danmarks Nationalbank 1000 Kroner 1972 Pick 53b
This pack fresh note retains excellent embossing and is quite colorful. PMG Gem Uncirculated 65 EPQ.

12493

Denmark Danmarks Nationalbank 1000 Kroner 1998 Pick 59
A soft fold is noticed at left on this high denomination note. PMG Choice About Unc 58 EPQ.

12494

Denmark Danmarks Nationalbank 1000 Kroner 2002 Pick 64
Low serial number 42 is noticed on this bright modern issue with hologram. PMG Uncirculated 62 EPQ.

12495

Denmark Allied Command in Denmark WWII 50 Kroner ND (1945) Pick M5
Strong margins accent the deep violet print on this elusive WWII issue. PMG Extremely Fine 40 EPQ.

12496

Denmark Allied Command in Denmark WWII 100 Kroner ND (1945) Pick M6s Specimen
Definitely worthy of much attention, this piece features a printer's proof inscribed date of 21.3.44. Generous margins and eye catching color along with various serial numbers combine to offer the winning bidder a note which may have no rival. PMG Choice Uncirculated 64 EPQ.

12497

Denmark Den Danske Brigade 5 Kroner ND (1947-58) Pick M11
A center fold is the only circulation encountered by this Danish MPC issue. PMG Choice About Unc 58 EPQ.

12498

Denmark Den Danske Brigade 10 Kroner ND (1947-58) Pick M12
A couple of corner bumps and a center wrinkle are all the handling seen on this well inked foreign MPC. PMG About Uncirculated 55 EPQ.

12499

Ecuador El Banco Comercial Y Agricola 10 Sucres (1907-25) Pick S128 UNL Face Proof
Proofs for this design are not listed in Krause. Four punch cancels were made through the signatures of this proof that is mounted on card stock. Gem Crisp Uncirculated.

12500

Ecuador Banco de Quito 1 Peso July 9, 1878 Pick S236a
This complete date is currently unlisted in the Standard Catalog but this example is the plate note in the Specialized volume. The note is printed by Charles, Skipper & East, London. Current value is unlisted in any grade so any estimate is but a guess.

12501

El Salvador 10 Pesos Agricola Comercial 189_ Pick S103p Face Proof
Here is a beautiful unmounted proof that displays some light handling. A couple of approximate one-half inch tears are noticed at the center of the right edge. One of these tears has been repaired. Two small square punch cancels are also noticed. This issue is unpriced in Krause in any grade and in any form. About Uncirculated.

12502

El Salvador 1 Peso El Banco de Centro America y Londres 18__ Pick UNL
This design is not listed in the Krause reference, though it is very similar to S-131 with "ORO" in big red letters added to its face and back. Very Fine-Extremely Fine.

12503

El Salvador 5 Pesos El Banco de Centro America y Londres 18__ Pick S137
This design is like the Krause plate note, but it does not have the punch cancels. Very Fine-Extremely Fine.

12504

France Domaines Nationaux 500 Livres 1790 pick A40
This French "assignat" is one of the larger denominations for the issue. Some pinholes near the vignette of Louis XVI do little to distract from the overall eye appeal of this note. Very Fine-Extremely Fine.

12505

World War One German POW Issues.
Burg 5; 10 Mark Campbell 2785-6 CU
Chemnitz 1; 2; 5; 10; 20; 50 Pfennig; 1; 2; 5; 10; 20 Mark Campbell 2810-20 XF or better
Dobeln 1; 5; 10 Mark Campbell 2885; 2887-8 CU
Eglosheim 1; 2; 5; 10; 20; 50 Pfennig; 1; 2; 5 Mark Campbell 2919-27
Eschwege 50 Pfennig; 1 Mark Campbell 2944-5 CU
Frankfurt am Oder 1; 5; 10; 25; 50 Pfennig; 1 Mark Campbell 2962-7 CU
Friedricksfeld 1; 5; 10 Pfennig; 1; 2 Mark 2986-8; 2990-1 CU
Gardelegen 50 Pfennig; 1 Mark Campbell 2998-9 Fine
Gottingen 1; 5; 10 Pfennig; 1; 2; 5 Mark 3019-21; 3023-5 Fine or better
Guben 1; 5; 10; 25; 50 Pfennig Campbell 3053-7 AU or better.

12506

Great Britain Five Pounds March 18, 1935 Pick 335a, Counterfeit "Operation Bernhard" June 23, 1937
The yellowed example with a stamp on the back giving it the appearance of authenticity is coupled with the genuine article. Both notes grade a most pleasing Very Fine. The real note does have a couple of transparent spots visible.

12507

Greece Historical Collection Financial Facts of WWII
This interesting financial breakdown of Greece booklet (April 1941-November 1944) contains 26 pieces of Greek currency from WWII grading from Fine to CU. Also, it goes into great detail with regards to the devastation and pilferage caused by the Nazis.

12508

Greenland Handelsstederne I Gronland 6 Skilling R.M. 1856 Pick A33r
This pristine remainder is graded PMG Choice Uncirculated 64 EPQ.

12509

Greenland 50 Ore 1874 Pick A37r
A light corner bend is all that keeps this note graded PMG Choice About Unc 58 EPQ from a higher designation.

12510

Greenland 25 Ore 1875 Pick A39r
This unsigned remainder is well margined and quite bright. PMG Choice Uncirculated 64 EPQ.

12511

Greenland Handelsstederne I Gronland 25 Ore 1892 Pick 2b
No value is listed in the Krause reference for this series above XF. This printed serial number example is perhaps condition census for the issue. Expect some serious competition before the hammer falls. PMG Gem Uncirculated 65 EPQ.

12512

Greenland Handelsstederne I Gronland 25 Ore 1905 Pick 4b
A soft bend at left is noticed on this vibrant note graded PMG Choice About unc 58 EPQ.

12513

Greenland Handelsstederne I Gronland 1 Krone 1905 Pick 5b
An extremely wide left margin draws attention to this lightly circulated note. PMG Choice Extremely Fine 45 EPQ.

12514

Greenland State Note 50 Ore ND (1913) Pick 12
A little light handling is all that is visible on this example featuring a saddleback seal vignette. PMG Choice About Unc 58.

12515

Greenland State Note 1 Krone ND (1913) Pick 13
One of Santa's reindeer is the focal point on this once folded example. PMG Choice About Unc 58.

12516

Greenland State Note 5 Kroner ND (1913) Pick 14
Not much improvement can be made on this stunning Polar Bear issue. PMG Gem Uncirculated 66 EPQ.

12517

Greenland State Note 5 Kroner ND (1913) Pick 14
A tiny notch is seen along the top margin on this popular Polar Bear issue. PMG Choice Uncirculated 64.

12518

Greenland Gronlands Styrelse 5 Kroner ND (1926) Pick 15a
A horizontal and a vertical fold are the only circulation sustained with a comment from the grading service about the note being hinged at one time. PMG About Uncirculated 50.

12519

Greenland Gronlands Styrlese 10 Kroner ND (1926) Pick 16a
When first encountered this was thought to perhaps be a new variety, but further investigation revealed a slight typo in the Krause reference as it relates to the color for this issue. This is simply a stunning example with perhaps no equal. Large even margins and fresh, vivid color seem to make the humpback whale come alive. PMG Superb Gem Unc 67 EPQ.

12520

Greenland Gronlands Styrelse 10 Kroner ND (1945) Pick 16b
This PMG Gem Uncirculated 66 EPQ example would make a wonderful companion to the previous lot.

12521

Greenland 10 Kroner ND (1953-67) Pick 19a
This issue is printed with the text "Den Kongelige Gronlandske Handel." PMG Gem Uncirculated 66 EPQ.

12522

Greenland 10 Kroner ND (1953-67) Specimen Pick 19s
This lovely specimen note is well margined and tonight a value will be established for this elusive issue. PMG Gem Uncirculated 65 EPQ.

12523

Greenland 50 Kroner 1953 Pick 20a
Large margins grace this colorful note rarely available in this state of preservation. PMG Superb Gem Unc 67 EPQ.

12524

Greenland Kreditseddel 100 Kroner 1953 Pick 21b
Hans C. Christensen is the signer of this well margined note. PMG Gem Uncirculated 66 EPQ.

12525

Greenland Kreditseddel 100 Kroner 1953 Specimen Pick 21s
This wonderful, well margined credit note Specimen carries a solid zero serial number. PMG Gem Uncirculated 66 EPQ.

12526

Greenland Chits
This lot of rare Greenland chits starts off with the following denominations - 1; 2 XF; 5; 10; 25; 50 Ore; and 1 Krone. These were current from 1910 until 1926 and showed that the recipient had a credit with the Royal Greenland Trade Organization. However, the 2; 5; and 10 Ore must be considered remainders. The four that were placed in "circulation" were the 1; 10; 50 Ore; and 1 Krone as they have a handstamp of "Nr. 12 Kavane" on their backs. When customers received these chits, they were handstamped "Avane" for North Greenland and "Kavane" for South Greenland, with the Arctic Circle being the dividing line. The number "12" refers to a town of issue. Included with this lot are two more chits, a 1 and 2 (small spot on back) Ore with the overprint of "Grl. Adm." in red ink on the face. These are from World War Two when Greenland was cut off from Denmark. Remainders of 1; 2; 5; and 10 Ore from the previous issue were overprinted and only then were they valid as currency. This is a great lot of little-known numismatic items. The pieces measure roughly 21 by 34mm and are Crisp Uncirculated except where noted. The "Grl. Adm." pieces are listed in the Krause and the Schwan-Boling references and they, much less the other chits, hardly ever come on to the marketplace.

12527

Greenland Trade Certificate 1 Skilling ND (1941) Pick M5
A heavy center fold and some light handling have not adversely affected this note. PMG Choice Very Fine 35 EPQ.

12528

Greenland Trade Certificate 5 Skilling ND (1941) Pick M6
A few hard folds are noticed on this note with plenty of seal embossing remaining. PMG Choice Very Fine 35 EPQ.

12529

Guatemala El Banco Nacional de Guatemala 1 Peso ND 1874 Pick S167
This interesting note printed by Columbian Bank Note Company has the look of obsolete notes printed years earlier in the US. Nicely margined with bright inks, this piece is destined for the finest of collections. Very Fine-Extremely Fine.

12530

Honduras The Aguan Navigation and Improvement Company 5 Pesos 1886 Pick s104 Proof
This lot consists of a face proof on card stock. Though essentially new, there are a couple of nicks and minor tears which make the About Uncirculated grade more appropriate.

12531

Iceland Landssjod Islands 5 Kronur September 18, 1885 Pick 1r
This gorgeous unissued remainder has earned all of its PMG Uncirculated 62 grade. With a touch more margin at right it certainly could have gone higher. Destined to be a center piece in an advanced Danish collection.

12532

Iceland Landssjod Islands 50 Kronur 1885-1900 (1912) Pick 9b
This second issue note graded PMG Choice Fine 15 exhibits punch cancels, as non-cancelled examples are prohibitively rare.

12533

Iceland Islands Banki 5 Kronur 1904 Pick 10
A couple of minor margin notches are noticed along the center fold on this PMG Choice Fine 15 example.

12534

Iceland Islands Banki 100 Kronur 1919 Pick 14r
This provisional issue was printed on the back of the 5 Kronur Pick 1r. Perhaps the finest known among very few if any survivors, it is graded PMG Gem Uncirculated 66 EPQ. This is simply a beautiful note which ranks as one of the scarcest Icelandic issues.

12535

Iceland Islands Banki 5 Kronur 1920 Pick 15r
Beautiful color is noticed on this PMG Choice Uncirculated 64 EPQ example.

12536

Iceland Landsbanki Islands 10 Kronur 1928 Pick 24
Even circulation and solid margins compose this PMG Very Fine 20 graded issue.

12537

Iceland Landsbanki Islands 5 Kronur 1928 Pick 27s
This specimen appears better than PMG Choice Extremely Fine 45 EPQ at first glance, but further examination reveals a soft bend and corner tick.

12538

Iceland Landsbanki Islands 500 Kronur 1928 Pick 31a
This note, which carries signature variety one has been awarded the grade of PMG Choice Very Fine 35 EPQ. It remains bright and crisp.

12539

Iceland Landsbanki Islands 5 Kronur 1928 Pick 32s Specimen
This PMG Choice Uncirculated 64 note has had the word "Cancelled" and the number "72" punched out. Wide margins and bright inks are hallmarks of this piece.

12540

Iceland Landsbanki Islands 50 Kronur 1928 Pick 34a
This gorgeous, bright, well margined beauty is deserving of the PMG Superb Gem Unc 67 EPQ grade assigned. It carries signature variety 8 which was in use during 1946 to 1954.

12541

Iceland Landsbanki Islands 500 Kronur 1928 Pick 36a
Signature variety 9 graces this note graded PMG Very Fine 25.

12542

Italian States Banca Italo-Germanica 250 Lire 187x Pick S976
Unpriced in the Standard Catalog above XF. This wonderful oversized note is punch cancelled and stamped "Specimen." Crisp Uncirculated.

12543

Italian States Banca Italo-Germanica 500 Lire 187x Pick S977s
No value for grades above XF is listed in the Standard Catalog for this note featuring a vignette of Germania with spear. Punch cancelled and stamped "Specimen" like the 250 lire note above. Crisp Uncirculated.

12544

Japan Nine Consecutive Examples Allied Military Currency One Yen ND (1946) A Pick 66
The "A" type notes have always been the scarcer variety for this series. All of these notes grade Very Choice Crisp Uncirculated.

12545

Japan Allied Military Currency Ten Yen ND (1946) A Pick 70
This quartet of well margined type "A" notes all grade Gem Crisp Uncirculated.

12546

Japan Supplemental B Ten Yen Original Pack of 100 with Radar Note Pick 71, Schwan-Boling 265.
This pack has the palindrome serial number A06422460A note within its BEP band. It is unusual to find a radar for this issue, much less with its 99 other pack mates including the BEP band. Since the BEP band for this pack has been on active duty for 60 years, it is understandable that it shows wear, being taped at the top. Choice New.

12547

Japan Supplemental B 1000 Yen Pick 76b Schwan-Boling 268d; e.
The D-D block note was printed in 1955 and it grades Fine with a moisture spot above the right serial number. The E-E note was printed in 1956 and it grades XF. The 1000 Yen of this issue was printed by the Japan Ministry of Finance Printing Bureau without the BEP's authorization.

12548

Kenya 5s; 10s; 20s; 50s; 100s 1966 - 1967 Pick 1b; 2b; 3b; 4a; 5a.
These notes were issued shortly after Kenya's independence. The 5s and 20s notes grade Choice CU; the 10s grades XF-AU; the 50s grades VF-XF; and the 100s grades XF.

12549

Mexico 100 Pesos El Banco Yucateco 189_ Pick 741p Face and Back Proofs
These proofs have been mounted on card stock for a small three-ring binder. About Uncirculated, with corner handling.

12550

Mexico 100 Pesos El Banco Yucateco 1__ Pick 741s5 Specimen
This specimen is unpriced in any grade in the Krause reference and has been punch cancelled twice. Gem Crisp Uncirculated.

12551

Mexico 20 Pesos El Banco Mercantil de Monterrey (1907) Pick S354A UNL Specimen
This specimen is unlisted for this Pick number. A detailed portrait and cathedral vignette highlight this green-tinted note with two punch cancels. Gem Crisp Uncirculated, PC.

12552

Mexico Tesoreria General del Estado Yucatan 1 Peso 23.5.1916 S1135 Proof
These proofs are printed on thin paper with the face being black and the back green. There is no listing for a proof of this type in the Standard Catalog. Crisp Uncirculated.

12553

Mexico Tresoria General del Estado Yucatan 1 Peso 23.5.1916 Pick S1135 Proof
These proofs (face and back) are printed on thick brown paper. The face is imprinted with Parsons Trading Co., New York imprint. The back proof was adopted for the issue. A "must have" for the advanced Mexico collection and a neat mate to the pair above. Crisp Uncirculated.

12554

Nicaragua 500 Cordobas 1945 Pick 98p UNL
This proof is mounted on card stock with a penciled control number on the back. It is unlisted as a proof in the Krause reference. Gem Crisp Uncirculated.

12555

Norway Norges Bank 1000 Kroner 1989-90 Pick 45a
This colorful Norwegian issue has been graded PMG Gem Uncirculated 65 EPQ.

12556

Peru El Banco Garantizador 10 Centavos 1876 Pick S161
The Helmeted Minerva is reminiscent of the US 15¢ Fractional issue featuring Columbia. A light stain is noticed on the back of this Extremely Fine example.

12557

Peru El Banco del Peru 20 Soles 186x Pick S366
This scarce note was printed by National Bank Note Company. Trial prints in about six different colors are known. This example comes with the green face with black underprint and the back a uniform brown. Value is only given as rare. Choice Crisp Uncirculated.

12558

Philippines Philippine Islands 1 Peso 1918 Pick 60b
Plenty of embossing can be seen beneath the holder on this BEP issue graded PMG About Uncirculated 53 EPQ.

12559

Philippines Culion Leper Colony.
First Issue 50 Centavos; 50/20 Centavos Error Note; 1 Peso; 5 Pesos; 20 Pesos 1942 Pick S244; S244x; S245; S246; S247
Second Issue 1 Centavo; 5 Centavos; 20 Centavos 1942 Pick S251; S252; S253.
This is a great set of this scarce World War Two Filipino guerrilla paper money. The Centavo notes grade AU or better, while the 1 Peso grades XF, punch cancelled, soiling, tiny hole; the 5 Pesos AU, with three small top edge tears; and the 20 Pesos grades Fine, shaved lower left corner. The Second Issue Centavos notes have the type-written presidential authority added to the back. None of these notes are priced above XF in the Krause reference. In fact, the 50/20 Centavos error note and the 20 Pesos notes are not priced in any grade. This is an important set of World War Two emergency paper money.

12560

Scotland Bank of Scotland £20 March 27, 1958 Pick 94f
Signers are Lord Bilsland and Sir William Watson on this twice folded nicely inked example. Extremely Fine.
From The Thomas A. Bergin Collection

12561

Scotland British Linen Bank 5 Pounds 4/11/42 Pick 158a
This large note is well margined and nicely centered. Very Fine-Extremely Fine.
From The Thomas A. Bergin Collection

12562

Scotland The Clydesdale Bank Limited Five Pounds June 14, 1939 Pick 186
The edges are strong on this early Scottish issue. Fine-Very Fine.
From The Thomas A. Bergin Collection

12563

Spain El Banco de Malaga 100 Reales De Vellon ND (1865) Pick S331
An issued note in wonderful condition. Vibrant color remains on this example that carries serial numbers with no punch cancellations. Very Fine.

12564

Straits Settlements Government of the Straits Settlements 5 Dollars 20.6.1921 Pick 3
This scarce British Administration issue remains intact though there are a few small splits and internal apertures. The paper remains firm and there is a slight stain at left. Very Good.
From The Walla Walla Collection

12565

Sweden Sundvalls Enskilda Bank 10 Kronor 1875 Pick S589
This note was issued until 1903. The printer is Bradbury, Wilkinson & Company. It remains unpriced in any grade in the Standard Catalog. A pair of pinholes are noticed on otherwise bright and vivid surfaces. Very Fine-Extremely Fine.

Session 2

Fractional Currency

12566

Fr. 1228 5¢ First Issue PMG Gem Uncirculated 66 EPQ. Bright, fully perforated and extremely well printed, this little jewel should please even the fussiest collector. CAA previously sold this note as part of the Phil DeRosa Collection in 1996. It realized $335 on an estimate of $300-up at that time. (1000-up)
From The Frederick Mayer Collection

12567

Fr. 1228 5¢ First Issue PMG Gem Uncirculated 66 EPQ. Fully perforated, very well centered and essentially perfect... a great little Fractional. Mr. Mayer paid $400 for this note in 1995. (1250-up)
From The Frederick Mayer Collection

12568

Fr. 1228 5¢ First Issue Misperforated PMG Choice Uncirculated 64 EPQ. We had the privilege of selling this most unusual note once before. It was Lot 24 from CAA's January 2000 sale of the Mike Marchioni Collection. We described it there, "This pristine First Issue Five Cent is centered and perforated massively off-center. There is a full quarter inch between the frame line of the note and the perforations at the top. The appearance of the note is enhanced by an additional strip of margin outside the top perforations. Mildly misperf'ed First Issue notes command less money than their perfectly centered counterparts, but a note this massively misperforated is truly an Error, and as such should command a considerable premium." We've not seen another like this in the intervening seven years. A truly neat item for the First Issue collector. (1500-up)
CAA January 2000 Marchioni Collection Lot 24.
From The Frederick Mayer Collection

12569

Milton 1E5F.2 5¢ First Issue Essay PMG Choice Uncirculated 64. Printed in black on a soft yellow paper. The underlying yellow color gives the black ink a deep slate grey appearance. This note is from the finished plate, differing from a regular-issue face printing only in its color, paper and double frame line. The condition is absolutely flawless, without the slightest hint of a defect, and the deep, original embossing is plainly evident on the blank back. It is very rare that any Fractional Currency Essay be found this nice. The note we offer here is unquestioned in its extreme rarity. (3500-up) Ex-Chapman October 20, 1904; CAA 1/97; CAA O'Mara 5/05.
From The Frederick Mayer Collection

12570

Superb First Issue Die Proof Set. Milton 1P5F.1g, 1P10F.1e, 1P25F.1f and 1P50F.1e. Each of the four notes has a razor-sharp impression from the brand-new master plate. They were Lot 16354 from our O'Mara Sale in May of 2005, and they are extremely similar to Lot 867 from our January 1997 Friedberg Sale, but they lack the punch holes at the bottom of the designs. The 25¢ note has a few minor pinholes, and the rest of the set has some very minor faults but is essentially as-issued, and they are simply magnificent. Each of the Proofs is printed on very thin, soft, white India paper that exhibits the parallel striped watermarks indicative of laid paper. All four notes have the quality of printing that is usually seen only in Specimen books. A gorgeous set from finished plates. The 10¢, 25¢ and 50¢ are exactly as issued, and the 5¢ has only the very minor difference of a double frameline outside the design. PMG has graded the notes 60, 60, 63 and 60. Mr. Mayer paid over $5000 for this set in the spring of '05.
From The Frederick Mayer Collection

12571

Fr. 1228(a?) 5¢ First Issue Perforated 16 PMG Choice Uncirculated 64 EPQ. This and the Ten Cent and Twenty Five Cent offered below are a three-note set that was first brought to the market by Lester Merkin in the 1970's. The notes had been separated at one point, but they were brought back together by Tom O'Mara. We sold the Five Cent and Ten Cent in our January 1994 auction of the Wayne Liechty Collection. These notes have perforations that are even closer together than the well-known and listed "perf. 14" Fifty Cent note. No records exist to prove or disprove that this is not a government product (the perfs, not the notes.) But it is not too much of a leap of faith to suppose that their origin is from the same source as the Fr. 1310a's (see LotXxXxXxXx.) These three notes were purchased by Mr. Mayer from our May 2005 sale of the O'Mara Collection. All were estimated at $750-up. Mr. Mayer paid $840 for this Five Cent, $1440 for the Ten Cent and $840 for the 25¢.
From The Frederick Mayer Collection

12572

Fr. 1240(a?) 10¢ First Issue Perforated 16 PMG Gem Uncirculated 65 EPQ. The Ten Cent note from the set. (2000-up)
From The Frederick Mayer Collection

12573

Fr. 1279(a?) 25¢ First Issue Perforated 16 PMG Choice About Unc 58 EPQ. The final note from the set. (1250-up)
From The Frederick Mayer Collection

12574

Fr. 1229 5¢ First Issue PMG Gem Uncirculated 66 EPQ. A flawless example of this very scarce variety. Very few full Gem examples exit of Fr. 1229. In fact, PMG has graded only this note as 66, with none higher. None could be prettier than this well margined and deeply perforated fresh little jewel. The original embossing, something which is almost never seen on First Issue notes, is plainly evident even through the PMG holder. This, along with the sharpness of the printing, lends the impression that this note was made very early in the life of this plate. Mr. Mayer paid $490 for this piece in 1997. (1500-up)
From CAA Friedberg January 1997 Lot 477.
From The Frederick Mayer Collection

12575

Fr. 1229 Milton 1R5.2 5¢ First Issue Horizontal Block of Eight PMG Gem Uncirculated 65 EPQ. Mr. Mayer acquired this extraordinary rarity from our sale of the Friedberg Collection in 1997. It was described there, "An incredible block of perforated no-monogram notes. This block was lot 912 of the Chapman Bros. June 3, 1903 sale of the Friedman Collection. After that sale, its whereabouts were unknown for about 85 years. Each of the eight notes would individually grade Gem New, as each is well centered, fully perforated and simply flawless. As a block of perforated notes, this magnificent piece is unequalled." It realized $2530 at that decade-ago sale. On the current market, the individual notes could easily realize a total of $10,000 or more. The block is a one-of-a-kind item that should bring... (12,500-up)
From the Currency Auctions of America January 10, 1997 Milt Friedberg Sale Lot 480. Acquired by Milt from Tom Denly at the 1988 Memphis show. Previously Lot 912 from the Chapman Bros. sale of the Friedman Collection, June 3, 1903.
From The Frederick Mayer Collection

12576

Fr. 1229 5¢ Milton 1R5.2e First Issue Vertical Strip of Four PMG Gem Uncirculated 65 EPQ. From CAA's January 1997 sale of the Milt Friedberg collection. It was described there as, "A fresh, original, pristine strip that is perforated horizontally only. Both sides of each of the four notes are perfectly straight edged. It appears from the width of the side margins that the vertical perforations never did exist, although this cannot be proven. It's possible, though unlikely, that the notes were straight-cut just inside the perforations. For this to have happened, the perforations on each side would have had to be a bit farther out than normal. In any event, this is a spectacular and very rare perforated multiple. Mr. Mayer paid $750 for this strip in 1997, when it was also graded Gem New. It should well more than triple that now. (3000-up)
From the Currency Auctions of America January 10, 1997 Milt Friedberg Sale Lot 479. Previously from NASCA's January 15, 1977 auction Lot 3277.
From The Frederick Mayer Collection

12577

Fr. 1230 5¢ First Issue PMG Gem Uncirculated 65 EPQ. Huge margins and good centering along with razor-sharp print quality make this a highly desirable Fractional note.
From The Frederick Mayer Collection

12578

Fr. 1230 5¢ First Issue Inverted Back PMG Choice Uncirculated 64. A broadly margined and absolutely stunning example of this relatively available Invert. It's the plate note from the Milton Encyclopedia where it appears both face and back on page 20. PMG comments on their holder, "Inverted Back - Milton Encyclopedia Plate Note." (1000-up)
CAA Wally Lee Collection January 1999 Lot 92; previously CAA Friedberg January 1997 Lot 751.
From The Frederick Mayer Collection

12579

Milton 1E5R.3 5¢ First Issue Proof Printed in Green PMG Choice Uncirculated 63. This piece is unlisted in the Friedberg Encyclopedia as its existence was not even suspected until it surfaced in the late 1980's. This note, which is unique to our best knowledge, is printed in green on thin India paper, which is mounted to pure white board. The India paper is trimmed around the design in an octagonal shape. There is a tiny tear in the India at the lower left, which PMG has noted on the holder. Off-color First Issue Proofs are extreme rarities with only a few known for all denominations combined. The beauty of this bright green piece is additionally enhanced by its razor-sharp proof printing quality.
From The Frederick Mayer Collection

12580

Fr. 1230 5¢ First Issue Complete Sheet of 20 PMG Choice Uncirculated 63. A handsome and unusually bright First Issue Five Cent Sheet. The margins are fully wide, and the original embossing is deep enough so that is can be readily seen through the PMG holder. Fractional sheets in uncirculated condition have become very difficult to acquire over the past few years. The demand from collectors is constantly increasing, while the supply has diminished as sheets are being cut to produce high-grade singles. (5000-up)
CAA Friedberg January 1997 Lot 486.
From The Frederick Mayer Collection

12581

Fr. 1231 5¢ First Issue PMG Gem Uncirculated 65 EPQ. Well margined and bright, this is an outstanding example, with original surfaces that can be discerned through the PMG holder. PMG has not graded any 1231's above this 65 level. (1000-up)
From The Frederick Mayer Collection

12582

Fr. 1231SP 5¢ First Issue Wide Margin Pair PMG Superb Gem Unc 67 EPQ and Gem Uncirculated 66 EPQ. When we last auctioned this pair in 1996, we described them as, "Both the Face and Back are fresh, perfect and fully original. Both are extremely wide, and show most of their cutting guides. This super quality is rarely seen in easily damaged Wide Margin Specimens." At that sale eleven years ago, Mr. Mayer paid nearly $500 for this wonderful pair. Today, with the notes now residing in high-end PMG holders, the price should be many multiples of that decade-old number.
From The Frederick Mayer Collection

12583

Fr. 1231SP 5¢ First Issue Wide Margin Pair PMG Gem Uncirculated 66 EPQ. A striking pair with beautifully wide margins, ideal color and original paper surfaces. This quality First Issue Wide Margin notes, particularly in matched pairs, have become almost impossible to find. (2 notes) (2000-up)
From The Frederick Mayer Collection

12584

Milton 1P5R.1d 5¢ First Issue Wide Margin Back Proof PMG Gem Uncirculated 66 EPQ. This and the next lot are very rare examples of the no-frameline First Issue Backs. All normal Wide Margin First Issue Specimen Backs have a thin but bold black frame line that surrounds the engraving at about the distance where the edges of a Regular Issue note would be. This and the next lot lack that frame line, but they are identical in all other respects to normal Wide Margin specimens. An unproven but generally accepted theory is that these were produced for Treasury specimen books but were not used. The 25¢ note that appears in those books also lacks the frame line but has the "ABNCo." monogram, which these notes lack. The Liechty Collection, which we sold in January of 1994, contained an example of all three known denominations (no 25¢ is known.) Milt had only a 5¢ in his collection. Tom O'Mara had both this 5¢ and the 10¢ that follows. We believe that there are two 5¢ pieces known, two 10¢, no 25¢ and a single 50¢. The extreme rarity of this note combined with the very high PMG grade should bring the price well into four figures.
From The Frederick Mayer Collection

12585

Fr. 1240 10¢ First Issue PMG Superb Gem Unc 67 EPQ. Full, deep perforations all the way around highlight this little beauty. The face centering is excellent, and the back centering is 100% perfect. The note is fully bright, and it exhibits needle-sharp printing. In 1996, when we last sold this piece, we said, "We are very impressed by this note." We still are. PMG has graded only this 1240 and one other at the 67 level, with none higher. (1500-up)
From The Frederick Mayer Collection

12586

Fr. 1240 10¢ First Issue PMG Gem Uncirculated 65 EPQ. This note, which was Lot 488 from our 1997 sale of the Milt Friedberg collection, was used as the plate note and illustrated both sides in the Encyclopedia. This is a lovely perforated note. (500-up)
CAA Friedberg January 1997 Lot 488.
From The Frederick Mayer Collection

12587

Fr. 1241 10¢ First Issue PMG Gem Uncirculated 66 EPQ. One of the very nicest, if not the very nicest example we have seen of this number. This piece, which CAA sold as part of the DeRosa Collection in 1996, is a truly exceptional example of this perforated no-monogram type. Certain to bring a runaway price. (1250-up)
From The Frederick Mayer Collection

12588

Fr. 1241 10¢ First Issue Strip of Four PMG Choice Uncirculated 64 EPQ. Mr. Mayer acquired this beautiful and very rare perforated strip at CAA's January 10, 1997 Milt Friedberg Collection Sale. It was described there, "An extreme rarity, as are all perforated strips. This flawless, as-issued offering is without a single torn or broken perforation. The wide selvage strips from the top and bottom of the sheet remain tightly attached." These four individual notes would be well worth a total of $5000 or more on the current market, but the real value here is the pristine, irreplaceable strip. (7500-up)
From the Currency Auctions of America January 10, 1997 Milt Friedberg Sale Lot 490. Previously from NASCA's January 15, 1977 auction Lot 3289.
From The Frederick Mayer Collection

12589

Fr. 1241 Milton 1R10.2c 10¢ First Issue Inverted Back PMG About Uncirculated 53. Frederick Mayer acquired this unique note as Lot 16155 of Heritage-CAA's May 2005 sale of the Tom O'Mara Collection. It was described there, "Listed as unique in the Encyclopedia [The Encyclopedia of United States Fractional & Postal Currency by Milton R. Friedberg, 1978] where it appears as the plate note on page 35. It's a clean, well-perforated note that holds its light circulation quite nicely. All perforated Inverts are rare, with only nine examples in total, four of which are 25¢ notes. This Fr. 1241 remains unique per Tom O'Mara's 2002 article, and it is the only Invert for either Friedberg number of Ten Cent perforated notes. In 2005, we estimated this piece at $1500, and Mr. Mayer paid $1920 for it. We would expect a 2007 realization of about... (3500-up)
From The Frederick Mayer Collection

12590

Fr. 1242 10¢ First Issue PMG Gem Uncirculated 66 EPQ. Clearly cut from a sheet for the purpose of obtaining huge margins. A spectacular piece. (750-up)
From The Frederick Mayer Collection

12591

Fr. 1242 10¢ First Issue PMG Gem Uncirculated 66 EPQ. Another hugely margined, beautifully bright, original example cut to preserve its margins. (750-up)
From The Frederick Mayer Collection

12592

Fr. 1242 10¢ First Issue PMG Gem Uncirculated 65 EPQ. The PMG 65 EPQ grade appears ultra-conservative to us for this hugely margined, perfectly centered piece. Clearly cut from an original sheet for the largest margins possible. (500-up)
From The Frederick Mayer Collection

12593

Milton 1E10F.2 10¢ First Issue Cardboard Proof PMG Gem Uncirculated 65 EPQ. Printed on cardboard that is extremely similar to Bristol board, the note has an inexplicable, perfectly round hole punched out of the upper-left-hand corner. It's from the finished plates, with an incredibly sharp proof quality as well as perfect color. (2500-up)
CAA O'Mara May 2005 Lot 16363; previously CAA Friedberg January 1997 Lot 877
From The Frederick Mayer Collection

12594

Fr. 1242 10¢ First Issue Complete Sheet of 20 PMG Choice Uncirculated 64. With the rapidly increasing prices for Superb notes, sheets have become the source of perfect pieces, leading to a sharply diminishing supply as they are cut. Most sheets that remain intact have poor face-to-back centering, so that Gems cannot be cut. This sheet has ideal face-to-back centering, which would allow for the cutting of six Superb Gem notes, which is the maximum that can be taken from this configuration. Regardless of centering, Fractional sheets have become extremely popular in the last few years, and demand for high-grade examples is unrelenting. (5000-up)
CAA June 17, 1995 Lot 45.
From The Frederick Mayer Collection

12595

Milton 1DP10R.1 and 1DP10F.1 10¢ First Issue Trial-Color Die Proof Pair PMG Superb Gem Uncirculated 68 EPQ and 58 EPQ. Both the face and back are uniface proof printings on soft white paper. This unique pair traces its origins to a 1904 Chapman Sale, no other examples having been seen before or since. Even though the back is in its normal black color, it's immediately evident that you are not looking at just another Specimen note. Both impressions are clearly from brand-new plates, as the engraving is incredibly sharp and the embossing strikingly obvious. The Face is also printed in black rather than the usual green. The Face has been graded 58 EPQ by PMG, and the Back 68 EPQ. Mr. Mayer paid $3300 for the pair in 2006.
From The Frederick Mayer Collection

12596

Fr. 1243 10¢ First Issue PMG Gem Uncirculated 65 EPQ. A handsome note that Frederick Mayer acquired from a 1999 CAA sale. At the time, the note was estimated at $225, and Mr. Mayer paid $410 in heated floor action. 1243's will never be common at the 65-and-higher level. (800-up)
From The Frederick Mayer Collection

12597

Fr. 1243 Milton 1R10.1e 10¢ First Issue Inverted Back PMG Choice Uncirculated 63 EPQ. Purchased by Mr. Mayer from our May 2005 sale of the O'Mara Collection for $1680 on a $1500 estimate. We described it there, "A wonderful combination of high grade and extreme rarity. In 1978, only two pieces were known, but the present census at the time of Tom O'Mara's 2002 article was four. (2250-up)
ex-F.T. Joers Collection, 1977; CAA MRF 1/97; CAA Tom O'Mara 5/05.
From The Frederick Mayer Collection

12598

Fr. 1243SP 10¢ First Issue Wide Margin Pair PMG Choice Uncirculated 64 EPQ. Both the Face and Back of this handsome pair have been graded 64EPQ. Both were previously from the CAA sale of the Dr. Wally Lee Collection. Prior to that, both were acquired from NASCA's Vacca sale. (2 notes) (1000-up)
From The Frederick Mayer Collection

12599

Milton 1P10R.1c 10¢ First Issue Wide Margin Back Proof PMG Gem Uncirculated 63 EPQ. This is the Ten Cent example of the No Frame Line type. It had previously been the Liechty piece when we sold it in 1994, and the O'Mara piece in May of 2005.
From The Frederick Mayer Collection

12600

Fr. 1279 25¢ First Issue PMG Superb Gem Unc 67 EPQ. A handsome example, deeply and fully perforated on all four sides. This piece easily places in the top half-dozen that we have seen of this variety. PMG has graded only this piece and one other at the 67 level, with none higher. (1500-up)
From The Frederick Mayer Collection

12601

Fr. 1279 25¢ First Issue PMG Gem Uncirculated 66 EPQ. A lovely representation of a perforated note. Very nicely centered on both sides.
From The Frederick Mayer Collection

12602

Fr. 1279 25¢ First Issue PMG Gem Uncirculated 66 EPQ. Fully perforated and very well margined, with great color and excellent centering of both sides. We're going to guess that there is a minor defect of some sort which is not visible through the holder, as the appearance of the note is certainly in excess of the assigned 66 grade.
From The Frederick Mayer Collection

12603

Fr. 1280 25¢ First Issue Vertical Strip of Four PMG Gem Uncirculated 66 EPQ. When we last sold this item, it was as Lot 57 of the Mike Marchioni Collection, where it was also graded Gem, in January of 2000. It was described there, "This fascinating strip is perforated only on the left and right vertical margins, but not horizontally. Each of the four notes is a perfect Gem in its own right, and the strip itself, with its top and bottom selvage wholly intact, has incredible eye appeal. This has been one of the prized items in Mike's Collection for over two decades, and tonight it will find a home with another collector who should and probably will prize it just as highly." At that sale, it achieved the runaway price of $7700. (7500-up)
From The Frederick Mayer Collection

12604

Fr. 1280 25¢ First Issue PMG Gem Uncirculated 66 EPQ. From our January 2001 sale of the Dr. Scheuermann Collection. It's a fully perforated, beautifully bright note that is printed on the light lemon-yellow paper associated with this no-monogram number. Fr. 1280's are quite rare in high grade, and this is one of the very nicest examples we've had the pleasure of handling. Dr. Scheuermann paid a four-figure price for this note in 1993, which was massively ahead of the market. That number should be easily surpassed tonight, as the market is beginning to realize the value of extremely high-grade rare Fractionals. (1750-up)
From The Frederick Mayer Collection

12605

Fr. 1280 Milton 1R25.2 25¢ First Issue Block of Eleven PMG 55 EPQ. Mr. Mayer acquired this extremely rare "no motto" perforated multiple as Lot 498 of CAA's January 1997 Milt Friedberg Collection sale. We described it there, "Fr. 1280 is a very scarce note in its own right, and multiples are even more so. When perforated multiples are seen, they are generally just barely hanging together. This magnificent block is a wonderful exception. All eleven notes hang tightly along their perforations, without even a hint of a split. The colors are bright, and the notes are beautifully fresh. Taken individually, nine of the eleven notes would grade fully Gem but for their centering, which is a bit varied, as these rows of perforations are less than perfectly straight. This is one of the most important multiples in Milt's landmark collection, and it will make a wonderful prize for the collector lucky enough to take it home." At that sale, where it was also graded About New, it realized $2645, an extremely strong price for ten years ago on an evening when Fractional collectors' budgets were stretched to the breaking point! On the current market, the eleven individual notes would be worth far more than double the price paid for the block in 1997. We would not be at all surprised if this irreplaceable item reached or exceeded... (10,000-up)
From the Currency Auctions of America January 10, 1997 Milt Friedberg Sale, Lot 498. Previously Lot 2024 from Bowers & Ruddy's Russell sale, June 20, 1977. Previously Lot 1133 of the H.R. Harmer June 10, 1968 auction.
From The Frederick Mayer Collection

12606

Fr. 1280 25¢ First Issue Strip of Four PMG About Uncirculated 55 EPQ. Fr. 1280 is a very scarce note in its own right, and multiples are even more so. This particular piece likely owes its survival to its having been perforated in one direction only. There is a horizontal fold that runs through all four notes about an inch from the left edge. Save for that, this piece is pristine. It's beautifully bright, with the typical light yellow paper that is almost always associated with this Friedberg number. This is the type of item that is missing from all but the most advanced of Fractional collections. (3500-up)
CAA O'Mara May 2005 Lot 15892
From The Frederick Mayer Collection

12607

Fr. 1280 Milton 1R25.2d 25¢ First Issue Inverted Back PMG Choice Extremely Fine 45. When we last handled (should read mishandled: wrong photo and wrong section in catalog) this note, it was Lot 15893 in our May 2005 sale. In spite of our best efforts to make this impossible to buy, Frederick Mayer found it and acquired it at $1840. It's a beautifully bright piece, and it's amazingly clean for an XF note. It's the plate note from Milt Friedberg's encyclopedia. One of only two known in 1978, it was one of five by the time it sold as the O'Mara piece, and still is today. Interestingly, although Fr. 1280 is by far the rarer of the two perforated 25¢ numbers, no Fr. 1279 Inverts are known. (2500-up)
From The Frederick Mayer Collection

12608

Fr. 1281 25¢ First Issue PMG Gem Uncirculated 65 EPQ. Jumbo margins on all four sides give the face of this note the appearance of a framed picture.
From The Frederick Mayer Collection

12609

Fr. 1281 25¢ First Issue Complete Sheet of Sixteen PMG Choice Uncirculated 63 EPQ. This gorgeous sheet is separated from the Gem grade by a few handling marks and light corner folds that do not approach any of the lovely notes. It's fresh, fully bright and 100% original. An outstanding quality sheet. (5000-up)
From The Frederick Mayer Collection

12610

Milton 1P25F.1e 25¢ First Issue Proof PMG Choice Uncirculated 63. Lot 230 from Stack's June 13, 2005 sale. It was described there as, "Punch canceled," which it is not. It's a Plate Proof from the finished plate, identical to the Regular Issue note in almost every respect, including the single frame line. The only difference is in the frame line itself, which is not complete across the top of the note. It's printed on India paper, which is mounted to soft, thick card. The paper was mounted prior to the printing, as the embossing of the plate pressure goes through to the back of the card. Like all First Issue Proofs, this is an extreme rarity. Mr. Mayer paid a hair over $2500 for this piece over two years ago.
From The Frederick Mayer Collection

12611

Fr. 1281 Milton 1R25.4e 25¢ First Issue Inverted Back PMG Choice Uncirculated 64 EPQ. Mr. Mayer acquired this piece for $1140 as Lot 16158 at our 2005 sale of the O'Mara Collection. It was described there, "About a dozen examples are known, making this attractive high-grade piece an inexpensive way to add an Invert to your collection." (2500-up)
From The Frederick Mayer Collection

12612

Milton 1DP25F.1 and 1DP25R.1 25¢ First Issue Trial-Color Die Proof PMG Gem Uncirculated 65 EPQ. This lovely and irreplaceable unique pair first came to light in the October 20, 1904 sale of the Pick collection held by S.H.&H. Chapman. Both the face and back have narrow margins and are printed in black ink on soft white paper. Both are deeply impressed through the paper, leaving a heavy embossing effect plainly visible on the back of each uniface piece. These were apparently pulled from finished plates, as all the design elements are identical to the issued notes. Each has an incredible sharpness of impression that simply does not exist on regular-issue notes or normal Specimen printings. Only when truly landmark collection reach the market are exquisite rarities like this pair available to a new generation of collectors. (2 notes) (8000-up)
CAA O'Mara May 2005; previously CAA Friedberg January 1997; previously Chapman Bros. Pick collection October 20, 1904.
From The Frederick Mayer Collection

12613

Milton 1DP25F.2 25¢ First Issue Trial-Color Die Proof PMG Gem Uncirculated 66 EPQ. Both this and the previous lot share the same pedigree string. These two lots have been auctioned four times in 103 years, and each time they were two consecutive lots. We first sold them as part of the Friedberg Collection in 1997, with a description that still works fine, "This plate proof, which is in Superb condition, is identical to the face offered in the previous lot. In fact, it was in the same Chapman sale. It was the very next lot (#567) of the auction held on October 20, 1904. Its only difference from the previous face is in its color, which was well described by the Chapman Brothers, '25¢ 1st Issue in grayish smokey brown on thin, stiff, pale lemon paper, face only, unique'." In that sale, the piece brought $16, which was a simply amazing price at that time. Frederick Mayer acquired both this and the previous lot, once again keeping the set together, as it has been since prior to 1904. (5000-up)
CAA O'Mara May 2005; previously CAA Friedberg January 1997; previously Chapman Bros. Pick collection October 20, 1904.
From The Frederick Mayer Collection

12614

Fr. 1282 25¢ First Issue PMG Gem Uncirculated 65 EPQ. Mr. Mayer acquired this note at our sale of the Tom O'Mara Collection in May of 2005 for $1440. It was described there, "Strict paper originality and deep embossing combine with perfect back centering, ideal color and needle-sharp printing on this rare 25¢ number. As with all four postage-currency denominations, the straight-edge, no monogram variety is the scarcest. Neither the Friedberg (About New) nor Gengerke (Choice New) Collection, which we sold in 1997 and 1995 respectively, contained a Gem of this number." (1750-up)
From The Frederick Mayer Collection

12615

Fr. 1282 Milton 1E25R.1 25¢ First Issue Uncut Sheet of Sixteen Backs PMG Extremely Fine 40 EPQ. Neither the Friedberg number nor the Milton number is exactly accurate here, as this unique multiple should rightly be considered an Experimental Sheet. It's printed on light yellow bond paper, quite unlike that used for the Regular Issue notes. This was previously Lot 879 from B. Max Mehl's 1943 Grinnell sale, where he cataloged it, "The Sheet has been folded, but the creases are hardly noticeable, and the notes as a whole are uncirculated. The first I have ever heard of." We have not seen another, either in single or multiple form. One of the highlights of Frederick Mayer's First Issue collection. PMG has enclosed the original B. Max Mehl lot card with the sheet. (10,000-up)
Stack's June 13, 2005 Lot 217; previously FCC Boyd Estate; previously B. Max Mehl's 1943 Grinnell sale Lot 879.
From The Frederick Mayer Collection

12616

Fr. 1282SP 25¢ First Issue Wide Margin Pair PMG Superb Gem Unc 67 EPQ. A simply spectacular pair in the highest grade yet awarded by PMG for the two numbers. Both the face and the back show partial cutting guides on two sides, and both are on fresh, original, well matched paper. It would be hard to imagine a nicer, fresher pair than these spectacular pieces. (2 notes) (3000-up)
From The Frederick Mayer Collection

12617

Fr. 1282SP 25¢ First Issue Wide Margin Pair PMG Gem Uncirculated 66 EPQ. Both halves of this magnificent pair are fully wide, perfectly bright and as pretty as they can be. They match very nicely for both color and surface characteristics and show cutting guides most of the way around. An exceptional pair in outstanding condition. Pre-third-party grading testament to the pair's quality is the fact that Frederick Mayer pair over $1000 for these on a $400 estimate in 2000. This was formerly from the Matt Rothert sale, and the flip from that sale is present. (2 notes)(2250-up)
CAA January 2000 Mike Marchioni Collection Lot 65; previously Bowers & Ruddy Matt Rothert Collection November 17, 1973 Lot 1313.
From The Frederick Mayer Collection

Bronze Age (1970-1979)

12618

Fr. 1310 50¢ First Issue PMG Gem Uncirculated 66 EPQ. An exceptional example of this 50¢ perforated variety. Both sides are beautifully centered on this deeply inked piece that has earned the important EPQ designation. PMG has only graded two 66 Fr. 1310's, with just one higher. A handsome note that is quite important at this grade level. (1500-up)
From The Frederick Mayer Collection

Fractional Currency

12619

Fr. 1310a Milton 1R50.3d 50¢ First Issue Perf. 14 Vertical Pair PMG About Uncirculated 55. This pair has a single light fold and a bit of handling, but it's well perforated, with excellent face margins and with the wide bottom selvage intact. This is the extremely rare perforated 14 variety. Perforated 14 refers to the number of perforations per 20mm of edge length. The normal perforations on First Issue Notes are larger: perf. 12, or 12 perforations per 20mm of edge length. The generally accepted history of these more-tightly-perforated notes is that they were conjured-up from two imperforated sheets by dealer Harlan P. Smith around 1890. Although there is no documentary evidence, there is considerable circumstantial evidence that Smith perforated these sheets himself. As Blake, Valentine, Limpert and Rothert listed this variety as genuine, it remains highly desirable and collectible in spite of its private production. Only one other pair is known to exist, part of the Crofoot Collection in the Smithsonian. There is also a vertical strip of four which was in the F.C.C. Boyd estate. It was old by Stack's in June of 2005. Frederick Mayer paid $6,325 for this piece in January of 1997. It will do far better this evening. (10,000-up)
Previously lot 506 from CAA's 1/97 Milt Friedberg Sale. ex. John Sayer 1978. Prior to that Lot 1081 from the September 19, 1975 Sale of the Winthrop Collection.
From The Frederick Mayer Collection

12620

Fr. 1311 50¢ First Issue Vertical Strip of Four PMG Gem Uncirculated 66 EPQ. Perforated Fractional Multiples are all extremely rare. The Tom O'Mara Collection had only thee perforated multiples, and his only Fifty Cent example was a circulated 1311 horizontal pair. We know of only three 1311 strips - this example, the somewhat inferior Friedberg example and the XF Stack's June '05 example, likely all originating from the same sheet. This one is by far the finest. On the current market, a single 1311 in 66EPQ could easily realize $2500 or more. But the true value of this piece is as a very rare perforated multiple. (10,000-up)
CAA September 1997 Lot 110.
From The Frederick Mayer Collection

12621

Fr. 1311 Milton 1R50.2 50¢ First Issue Vertical Strip of Four PMG Choice Uncirculated 64 EPQ. From our sale of the Milt Friedberg Collection where it was described, "But for the lightest of handling marks, this vertical strip of no-monogram perforated 50¢ notes is absolutely pristine. It's as bright and fresh as the day it was printed. All perforated multiples are rare; we've handled less than a dozen in our 30 years of dealing, and this no-monogram Fifty Cent strip is excessively rare. The top and bottom notes each contain the original selvage from the sheet. This is an extraordinary item." (7500-up)
From the Currency Auctions of America January 10, 1997 Milt Friedberg Sale Lot 510. Previously from NASCA's January 15, 1977 auction Lot 3277.
From The Frederick Mayer Collection

12622

Fr. 1312 50¢ First Issue PMG Gem Uncirculated 65 EPQ. Huge margins surround the face on this bright and most attractive First Issue 50¢ note. The grading seems like it might be a touch conservative for this pretty piece. (750-up)
From The Frederick Mayer Collection

12623

Fr. 1312 50¢ First Issue PMG Gem Uncirculated 65 EPQ. This note has broad, even margins and excellent printing quality, both of which are features that are seldom seen on First Issue 50¢ notes. (750-up)
From The Frederick Mayer Collection

12624

Milton 1E50R.1 50¢ First Issue Trial-Color Essay PMG Choice Uncirculated 64. Printed in bright green ink on thin white India paper. This off-color First Issue back is unique. No other example is known of or suspected to exist. The note is pristine and beautifully bright, its only problems being some very minor glue traces at the edges of the blank back and two miniscule nicks at the margins. All First Issue Essays are of the highest rarity, and this one has the added attraction of great eye appeal due to the striking color. (7500-up)
CAA O'Mara May 2005 Lot 16373; previously CAA Friedberg January 1997 Lot 884; previously Lester Merkin's September 11, 1974 sale Lot 195..
From The Frederick Mayer Collection

12625

Fr. 1312 50¢ First Issue Complete Sheet of 16 PMG Choice Uncirculated 64. Fifty Cent Sheets are far rarer than the lower denominations. Fewer were saved, as the eight-dollar face value was a hefty sum, and many that were saved were cut over the years to supply Gem singles. Today's discerning market should carry this attractive high-grade sheet far past the level of the three lower-denomination sheets. We would not be at all surprised to see this reach or exceed... (7500-up)
From The Frederick Mayer Collection

12626

Fr. 1312 Milton 1R50.4c 50¢ First Issue Inverted Back PMG About Uncirculated 55 EPQ. From our May 2005 sale of the Tom O'Mara Collection. It was described there, "About a half-dozen examples of this Invert are known, but most are quite heavily circulated. Milt Friedberg owned two, both of which graded Fine. This piece would be a perfect Gem but for two corner folds." Tom had acquired it from Stack's in May of 2004 at $1600, and in the sale of Tom's collection a year later, Mr. Mayer paid $2160 for it. Now, two years later, in a considerably more sophisticated market, we would not be at all surprised to see this originally embossed, beautifully bright piece realize... (3500-up)
From The Frederick Mayer Collection

12627

Fr. 1313 50¢ First Issue PMG Gem Uncirculated 65 EPQ. Fr. 1313 is the rarest of the sixteen First Issue notes, and it is nearly impossible to locate this nice. PMG has graded only this note and one other at the 65 level - and none higher. We've sold this piece twice before: it was the Gengerke example, and later the Tom O'Mara piece. The original certificate from the Gengerke sale is still traveling with the note. (1500-up)
CAA\Heritage Tom O'Mara May 5, 2005 Lot 15914; CAA January 6, 1995 Gengerke sale Lot 82.

From The Frederick Mayer Collection

12628

Fr. 1313 Milton 1E.50R.3 50¢ First Issue Uncut Sheet of Sixteen Backs PMG Choice Very Fine 35 EPQ. Very similar in design to the Twenty Five Cent back-only sheet offered above, and as with that sheet, neither the Friedberg number nor the Milton number is exactly accurate here. This should actually be considered an Experimental Sheet. The design is that of the finished Fifty Cent Fr. 1313 back save for the paper, which is a lighter white bond. The impressions are proof quality and razor-sharp. The sheet has picked up a number of folds and some handling, but it remains clean and quite handsome. Each of the sixteen notes has a single round punch cancel. The printing has created heavy embossing through to the blank back side. An irreplaceable item, as are most all First Issue Experimental pieces. (10,000-up)
Stack's June 13, 2005 Lot 218; previously S.H. Chapman January 1915 Lot 632.
From The Frederick Mayer Collection

12629

Fr. 1313SP 50¢ First Issue Wide Margin Pair PMG Gem Uncirculated 65 EPQ and 64. PMG has graded the Face 64 and noted, "Split." The Back has earned the 65 EPQ grade. Both Face and Back are fully wide and beautifully bright.
From The Frederick Mayer Collection

Encased Postage

12630

HB-1 EP-1 Scott-1 Reed-AB01 1¢ Aerated Bread Choice About Uncirculated.
Numerical grade: 85case.70stamp.85mica. = 240 An incredible example of a rare and very popular merchant. The case is fully about uncirculated, with over 95% of its original silvering remaining on the back. The silver is missing only from the high points on the letters. The mica is very nearly perfect, with only the most minor of disturbances at its very edge. The stamp is beautifully centered, but it has toned down just a touch. The One Cent is the only collectable denomination for this merchant. Fred Reed shows 56 auction appearances between the years 1891 and 1994, which includes considerable duplication. He lists the piece as an R-7, indicating eleven to fifteen known. The Hodder-Bowers reference agrees, stating "...very rare, with under fifteen different specimens believed to survive." While fifteen known usually does not command a very high premium for an encasement, this Aerated Bread 1¢ is in a different category. It is the only denomination available for the merchant other than the 5¢ (appearing below) which is unique, and no other denominations were produced. We've handled one other Aerated Bread comparable to this piece, and we believe these two to be far and away the finest known.
From The Frederick Mayer Collection

12631

HB-1 EP-1 Scott-1 Reed-AB01 1¢ Aerated Bread Very Fine.
Numerical grade: 55case.50stamp.70mica. = 175 In spite of a fair degree of mishandling, this is still an excellent example of this very rare merchant. The case has some minor denting and a number of marks along with a slightly irregular seam. The mica has a number of surface dents as well as with some craze marks but is substantially clear. The stamp is somewhat toned down and lightly soiled. This piece is an interesting object lesson. Were it a higher denomination, rare variety, etc. one would be very suspicious that it had been opened and re-closed. Common sense dictates, in this case, that that has not happened. Neither the mica nor the stamp has been switched. Both are average at best, and as this is the only collectable denomination of the merchant, the only possible incentive for a switch would be to attempt to upgrade the stamp or mica. Clearly that has not happened. The point here is simply that marks, dings and minor bends do not necessarily indicate chicanery. They may simply be, as in this case they clearly are, marks, dings and minor bends. Nonetheless, this is an about average example of a very rare merchant.
From The Frederick Mayer Collection

12632

HB-2 EP-59a Scott-unl Reed-AB05 5¢ Aerated Bread Choice Extremely Fine.
Numerical grade: 75case.90stamp.90mica. = 255 This classic Encased Postage rarity is considered unique by every reference and expert. Fred Reed's census data show four auction appearances, without doubt all this piece. The case is a nice, natural medium tan, problem free save for a minor dark stain at the very bottom. Both the mica and stamp approach perfection. This Five Cent Aerated traces its modern history to the December 3, 1968 sale by stamp dealer Herman Herst Jr. where it was lot 153. It remained from that time until June of 2004 in the Western Collection. It appeared in that sale as Lot 332 and was acquired by Frederick Mayer for the amazingly low price of $8337.50. Auction prices are funny. All of us present at that sale simply knew Mr. Mayer had to have this piece. Mr. Mayer was a great gentleman, and he was well liked by everyone who knew him, the polar opposite of the late owner of the Western Collection. Those who did not know him personally knew Mr. Mayer by reputation, and were well aware that his determination and resources simply meant he was going home with this piece. No one bid. If Mr. Mayer was a grumbling, dislikable old coot, this piece would have set the record for any piece of Encased Postage. It will be interesting to see tonight's result.
From The Frederick Mayer Collection

12633

HB-3 EP-2 Scott-2 Reed-AC01SA 1¢ Ayer's Cathartic Pills Short Arrows Choice About Uncirculated.
Numerical grade: 95case.85stamp.85mica. = 265
About as close to uncirculated as any piece of Encased Postage is ever going to come. The piece is virtually fully silvered, including a considerable amount on the stamp side of the case. This piece may in fact be fully uncirculated, and the minor silver rub off on the highest points may simply be from 140+ years of collector handling. Even in this definitive collection, very few pieces rival this one from a quality standpoint. The case is pristine, the mica totally original with no flaws whatever, and the stamp is beautifully centered and perfectly fresh. Mr. Mayer has not listed the source of this piece, but he has listed his $2280 cost. If (when?) collecting Encased Postage turns to condition rarity, this becomes a five-figure piece overnight. Astounding quality.
From The Frederick Mayer Collection

12634

HB-3 EP-2 Scott-2 Reed-AC01SA 1¢ Ayer's Cathartic Pills Short Arrows Choice About New.
Numerical grade: 85case.80stamp.80mica. = 245
The case approaches the fully uncirculated grade, with no wear and just the lightest traces of minor circulation marks. It's a glossy medium brown, and extremely attractive. The blue One Cent stamp is very nearly fully fresh, and the mica is crystal clear, with only the most minute surface marks. A common merchant and denomination, and an ideal representative piece of the type. As a group, the short-arrows Ayer's Cathartic Pills are considerably scarcer than the long arrows. That does not apply to the One Cent denomination. The short-arrows One Cent is quite common, and the long-arrows One Cent very likely does not exist. The Reed auction-census data indicate 107 appearances of this short-arrows One Cent from 1891 through 1994. These data are a comprehensive compilation, with no attempt to remove duplication. The offering of "107 pieces" is indicative of this encasement's being quite common, though it likely represents thirty or fewer different pieces. Reed's rarity rating for HB-3 is R-3, which means his best estimate of true rarity is 41 to 50 pieces - a number which is likely accurate.
From The Frederick Mayer Collection

12635

HB-5 EP-32 Scott-3 Reed-AC03SA 3¢ Ayer's Cathartic Pills Short Arrows Extremely Fine.
Numerical grade: 70case.75stamp.70mica. = 215
An average example of this common piece. The case is a light tan. The mica is clear but with a few crazes and imperfections at its edges, and the stamp is reasonably fresh.
From The Frederick Mayer Collection

12636

HB-6 EP-32a Scott-3 Reed-AC03LA 3¢ Ayer's Cathartic Pills Long Arrows About New.
Numerical grade: 75case.75stamp.80mica. = 230
A very pleasing type specimen, with an extremely clear, virtually flawless mica and a fresh stamp. The case is golden tan, with traces of original silvering behind the arrows and many of the letters.
From The Frederick Mayer Collection

12637

HB-6 EP-32a Scott-3 Reed-AC03LA 3¢ Ayer's Cathartic Pills Long Arrows Extremely Fine.
Numerical grade: 80case.40stamp.80mica. = 200
A healthy touch of silvering remains on the glossy, high grade case. The mica is very nearly perfect, but unfortunately, the Three Cent stamp is quite faded and aged.
From The Frederick Mayer Collection

12638

HB-6 EP-32a Scott-3 Reed-AC03LA 3¢ Ayer's Cathartic Pills Long Arrows Extremely Fine.
Numerical grade: 70case.80stamp.75mica. = 225
The case is a light brass color, and has possibly been cleaned at one time. The mica is very nearly perfect, save for an extremely short crack at the lower right, and the stamp is beautifully fresh.
From The Frederick Mayer Collection

12639

HB-7 EP-60 Scott-4 Reed-AC05SA 5¢ Ayer's Cathartic Pills Short Arrows Extremely Fine.
Numerical grade: 75case.75stamp.60mica. = 210
The Five Cent Ayer's Cathartic Pills pieces, both long and short arrows, are considerably scarcer than most collectors realize. In fact, all Ayer's Cathartic Pills above the Three Cent denomination are quite rare. Reed rates this piece as an R-7, indicating eleven to fifteen known, and we believe the number to been much closer to the eleven than the fifteen. Reed's auction records, which include re-appearances of the same piece, show 31 offerings in 104 years, compared to 133 for the Three Cent. This piece is a nice example, with a high-grade case that is even-tan at its middle and heavily toned at its outer edge. The stamp is well centered and fresh, and the mica problem-free save for an as-made line near the bottom of the stamp.
From The Frederick Mayer Collection

12640

HB-8 EP-60a Scott-4 Reed-AC05LA 5¢ Ayer's Cathartic Pills Long Arrows Extremely Fine.
Numerical grade: 80case.85stamp.75mica. = 240
An important rarity rated as an R-8+ by Reed, indicating he feels four or five are known. Bowers & Hodder simply indicate it as rare. This cataloger is aware of this piece and two others, one of which we have not examined. Fred Reed's auction census shows 19 appearances for this long-arrow Five Cent, likely the same few pieces re-appearing over the 104-year census period. This example was Lot 341 from Stack's massive June 2004 sale, and prior to that it was Lot 324 from the Siegel sale of the J K Lilly collection on September 13, 1967. It realized $60 forty years ago, and over $1600 three years ago. The piece is beautiful, with a glossy medium-brown case that has touches of silver behind the letters. The mica is perfect save for very minor crazes at its outer edge, and the stamp is well centered and fresh. An important sleeper rarity.
From The Frederick Mayer Collection

12641

HB-9 EP-96 Scott-5 Reed-AC10SA 10¢ Ayer's Cathartic Pills Short Arrows Choice About New.
Numerical grade: 90case.80stamp.75mica. = 240
A lovely piece, with a light brass case that has about 80% of its original silvering. The stamp is fully fresh, and the mica just about as perfect as these ever come. While not important to the value of the piece, an interesting aside is the unusually boldly struck back, which shows detail in the arrowheads as well as both arrow shafts. On the short-arrows variety, the right-hand shaft is generally weak, and the left-hand shaft non-existent. This piece shows both, although the left is quite weak. A significantly rare piece in this grade.
From The Frederick Mayer Collection

12642

HB-9 EP-96 Scott-5 Reed-AC10SA 10¢ Ayer's Cathartic Pills Short Arrows Extremely Fine.
Numerical grade: 80case.80stamp.50mica. = 210
The case is a solid XF, with minor traces of silvering behind the letters. The stamp is fresh and attractive, but the mica has a number of crazes and cracks at its outer edge. Reed considers this piece to be an R-7 (eleven to fifteen known.) This piece was previously Lot 357 from the 1967 Lilly Collection sale.
From The Frederick Mayer Collection

12643

HB-10 EP-96a Scott-5 Reed-AC10LA 10¢ Ayer's Cathartic Pills Long Arrows Extremely Fine.
Numerical grade: 80case.70stamp.70mica. = 220
Listed as an R-9 by Reed and simply as "rare" by Bowers. Reed's rating indicates two to four known. The piece is an attractive light brown color, the mica has a few natural flaws and some minor crazing at its edges but is substantially clear, and the stamp is lightly toned. We believe the actual census for this piece to be in the four-to-five range. The Stack's June 2004 piece was comparable in quality to this, and it realized over $1800. This example was from the Stack's December 1969 sale of the Arnold Perl Collection, where it was referred to as the finest known.
From The Frederick Mayer Collection

12644

HB-11 EP-135 Scott-6 Reed-AC12SA 12¢ Ayer's Cathartic Pills Short Arrows Extremely Fine.
Numerical grade: 80case.80stamp.80mica. = 240
The more common of the Twelve Cent Ayer's Cathartic Pills issues, with about a half-dozen examples known. Reed considers it to be an R-8+, indicating five or six known. His auction-census data summary shows 11 appearances over 104 years, including repeats. The case is a gorgeous medium brown, and it is totally problem free. The mica is completely clear, and the stamp is beautifully fresh though centered slightly to the right. This piece was Lot 341 from Stack's June 2004 sale.
From The Frederick Mayer Collection

12645

HB-12 EP-135a Scott-6 Reed-AC12LA 12¢ Ayer's Cathartic Pills Long Arrows Extremely Fine.
Numerical grade: 70case.80stamp.70mica. = 220
An extreme rarity with only two or three examples known. Fred Reed says "Two known," in his rarity table. The Stack's June 2004 sale said, "Extremely Rare: There may be only as few as two or three of these known." This cataloger is familiar with only two pieces, the Stack's example and this piece, although photo comparisons with the Lilly Sale example seem to indicate that there is a third. The piece is a most attractive medium brown, with even wear and just a few minor circulation-caused dings on the case. The mica is crystal clear, with a few tiny crazes at its outer edges. The stamp is fresh and well centered. This would be a highly desirable piece even if it were the far more common short-arrows variety.
From The Frederick Mayer Collection

12646

HB-13 EP-159b Scott-7 Reed-AC24SA 24¢ Ayer's Cathartic Pills Short Arrows Very Fine.
Numerical grade: 80case.40stamp.50mica. = 170
An extremely rare piece considered unique by Mr. Mayer when it was purchased and listed as an R-10 (unique) in Reed. There is, however, a second piece which was in Stack's June 2004 sale. This piece has an essentially perfect case, with medium brown toning that is darker behind the letters. The stamp is fresh, but a little difficult to focus on as the mica is somewhat hazy due to multiple surface marks and separation among its layers.
From The Frederick Mayer Collection

12647

HB-15 EP-unl. Scott-unl. Reed-AC30LA 30¢ Ayer's Cathartic Pills Long Arrows Extremely Fine.
Numerical grade: 80case.75stamp.65mica. = 220
Listed as unique in Reed, and with only a single auction appearance in his 104-year study. For some reason (typo?) the rarity of this piece is not mentioned in the Hodder-Bowers book, and its price there is less than that of the most common 30 centers. This piece was missing from the Stack's June 2004 sale, and it is very likely the only one in existence. It's a beautiful piece, with an evenly toned medium-brown color to the flawless case. The stamp is fresh and rather well centered, and the mica is perfect over most all of its surface, with just minor crazing at the far left edge in front of Franklin's face. One of the many highlights of Mr. Mayer's incomparable Encased collection, and a piece that he acquired at nearly $4000 many, many years ago.
From The Frederick Mayer Collection

12648

HB-16 EP-172b Scott-unl. Reed-AC30SA 30¢ Ayer's Cathartic Pills Short Arrows Extremely Fine.
Numerical grade: 85case.60stamp.30mica. = 175
Considered "unique?" by Reed (unique, followed by a question mark) and listed as unique in the Hodder-Bowers reference, this denomination was missing from the western collection sold by Stack's in June 2004. The case is a deep, medium brown and essentially perfect, with no marks or problems. The stamp is a fresh orange, centered to the lower left. The mica unfortunately, has a number of chips and crazes at the left in front of Franklin's face. There is also one tiny break down to the stamp, but the stamp has not darkened. This piece was from the May 1971 Stack's sale of the holdings of the Massachusetts Historical Society. Reed's auction census shows five offerings of short-arrows 30¢ pieces during the 104-year survey period. Very likely unique, and of extreme importance to the advanced collector.
From The Frederick Mayer Collection

12649

HB-17 EP-3 Scott-8 Reed-AP01 1¢ Take Ayer's Pills Choice About New.
Numerical grade: 85case.85stamp.90mica. = 260
The glossy medium brown case has about 10 percent of its original silver remaining. It is an extremely nice piece, with a mica that is as perfect as they come, and a very well centered fresh blue stamp. A common (R-3 in Reed) piece, but extremely desirable for grade. Truly high-end Encased Postage is rare for even the most common merchants, and this piece is about as high-end as they get.
From The Frederick Mayer Collection

12650

HB-17 EP-3 Scott-8 Reed-AP01 1¢ Take Ayer's Pills About New.
Numerical grade: 85case.80stamp.75mica. = 240
A solid, attractive example of one of the more available pieces of Encased Postage. Reed rates it as an R-3 (41-50 known), and it has had 96 auction appearances in Reed's survey. The case is a natural light brass and problem free, the mica has only very minor surface marks and the stamp is nearly fully bright. A very nice example to represent the merchant or denomination.
From The Frederick Mayer Collection

12651

HB-18 EP-33 Scott-9 Reed-AP03 3¢ Take Ayer's Pills Choice About New.
Numerical grade: 85case.85stamp.75mica. = 245
A simply lovely piece, with a natural light brass case that has about 50 percent of its original silvering remaining. The stamp is well centered and beautifully fresh, and the mica is extremely clean and clear, with only three virtually unnoticeable flaws at its outer edge. A premium piece.
From The Frederick Mayer Collection

12652

HB-18 EP-33 Scott-9 Reed-AP03 3¢ Take Ayer's Pills Choice About New.
Numerical grade: 90case.80stamp.75mica. = 245
A superb example, with 80% of its original silvering, a fresh stamp and a mica that is close to perfect. The marketplace has yet to recognize the rarity of high-end-condition common encasements. This is just such a piece. It is likely to sell for less than double the price of an ordinary XF, yet it is probably one of the two or three finest to exist of the 100+ pieces known for this Reed R-1 encasement.
From The Frederick Mayer Collection

12653

HB-18 EP-33 Scott-9 Reed-AP03 3¢ Take Ayer's Pills Very Fine.
Numerical grade: 60case.30stamp.0mica. = 90
The case is evenly worn, with dark highlights behind the letters, the stamp is rubbed and faded, and the mica entirely missing save for minor fragments at its edges.
From The Frederick Mayer Collection

12654

HB-18 EP-33 Scott-9 Reed-AP03 3¢ Take Ayer's Pills Very Fine.
Numerical grade: 60case.60stamp.50mica. = 170
Evenly circulated, with a problem-free case, reasonably attractive stamp and a mica that is substantially clear in spite of a few cracks and crazes.
From The Frederick Mayer Collection

12655

HB-19 EP-61 Scott-10 Reed-AP05 5¢ Take Ayer's Pills Extremely Fine.
Numerical grade: 70case.80stamp.70mica. = 220
A surprisingly scarce piece which Reed considers to be an R-8 (five to ten known.) There have only been 38 auction appearances (including duplication) in Reed's century-plus census period. This cataloger's personal experience is that about ten pieces are known. The case is a deep mahogany, with some scattered lighter tone, the stamp is beautifully fresh, and the mica substantially clear save for some very minor surface crazing.
From The Frederick Mayer Collection

12656

HB-20 EP-62 Scott-10a Reed-AP05RB 5¢ Take Ayer's Pills Ribbed Frame Extremely Fine.
Numerical grade: 80case.75stamp.70mica. = 225
An extremely rare piece that has been traditionally underrated in the reference books. It is only in the past decade that its true rarity has become known. Stack's, in their June 2004 sale of the Western Collection, where it was Lot 354, likely used the Hodder-Bowers reference for their write-up, and were unaware of the rarity of this piece. The bidders, however, were not. They pushed the price to $3450. It is quite possibly unique (Reed considers it that way, giving it an R-10 rating), and it is certainly the only example known to us. The stamp is reasonably fresh, the mica has some minor crazes and surface marks but they are at the edges, and the case, although clearly circulated, is a beauty, with an even mahogany tone and no problems whatever.
From The Frederick Mayer Collection

12657

HB-21 EP-97 Scott-11 Reed-AP10 10¢ Take Ayer's Pills About New.
Numerical grade: 75case.80stamp.80mica. = 235
A touch of silvering remains behind the letters on this extremely attractive Ten Cent encasement. The stamp is well centered and beautifully fresh, and the mica is as perfect as any we have ever seen. An ideal piece to represent the merchant or denomination. Take Ayer's Pills 10¢ pieces are not as common as one might expect. Reed's R-6 rating (16 to 20 known) is quite accurate in our opinion.
From The Frederick Mayer Collection

12658

HB-22 EP-97a Scott-unl. Reed-AP10RB 10¢ Take Ayer's Pills Ribbed Frame About New.
Numerical grade: 85case.80stamp.75mica. = 240
An incredible rarity that is truly unique. Not so much as a rumor of a second piece exists, and the high grade and perfect preservation of this piece leaves not the tiniest doubt as to authenticity. The piece first came to the auction block in the T. James Clarke sale, where it was purchased for the Western Collection. It was subsequently sold by Stack's in June 2004, when Mr. Mayer purchased it for the bargain price of $4887.50. It's a gorgeous piece with a clear mica and an attractive stamp that has retained most all of its color. The case itself is a golden tan with some reddish highlights and even a trace of mint (factory?) luster around a few of the letters. Interestingly, the ribbing on this piece is far deeper and more pronounced than on most ribbed-frame pieces, leading to speculation that it was carefully produced as a sample of the ribbed-frame type.
From The Frederick Mayer Collection

12659

HB-23 EP-136 Scott-12 Reed-AP12 12¢ Take Ayer's Pills About New.
Numerical grade: 85case.95stamp.80mica. = 260
A rare and handsome example of an R-8 encasement. It's a very pretty 12¢ piece, with a fully fresh stamp that is wonderfully centered and a crystal clear mica with only a few miniscule flaws at its outer edge. The case is a medium brown, with touches of silver highlights behind several of the letters. One of the nicest 12¢ examples in this or any other collection. Purchased by Mr. Mayer from Kagin's in February of 1988.
From The Frederick Mayer Collection

12660

HB-23 EP-136 Scott-12 Reed-AP12 12¢ Take Ayer's Pills Extremely Fine.
Numerical grade: 85case.70stamp.70mica. = 225
An important rarity, considered to be an R-8 (five to ten known) by Reed, an assessment with which we are in agreement. Reed's auction data show 22 examples (including duplication) offered for sale over 104 years. The case is a problem-free even, medium brown, the stamp is beautifully centered and quite fresh and the mica has only a few non-distracting problems at its very edge.
From The Frederick Mayer Collection

12661

HB-24 EP-159c Scott-unl. Reed-AP24 24¢ Take Ayer's Pills Extremely Fine.
Numerical grade: 75case.65stamp.60mica. = 200
This denomination was missing from Stack's Western Collection and is listed as unique in Friedberg, Hodder-Bowers and Reed. Reed does not show a single auction appearance in his 1891-1994 census. The piece is a solid XF, with a problem-free natural medium-brass colored case. The stamp is slightly faded, and the mica, which is primarily clear, has a crazed area at the top center and a small crack at the bottom center. Mr. Mayer has not listed a source for this piece, but he has recorded his cost of $12,650.
From The Frederick Mayer Collection

12662

HB-25 EP-unl. Scott-unl. Reed-AP30 30¢ Take Ayer's Pills About New.
Numerical grade: 80case.70stamp.70mica. = 220
Although listed as unique in both Reed and Hodder-Bowers (and unlisted in Friedberg or Scott), there are in reality two examples known - this piece, which Mr. Mayer had owned for many years, and the Western Collection piece sold by Stack's in June of 2004. This one is a real beauty, with a tightly closed, problem-free case, a clear mica with just some very minor crazing at the upper left, and a stamp that is a far brighter orange than normally seen for this easy-to-fade orange color. The case has a considerable amount of silver remaining behind the letters and a very nice multi-tone patina that is darker toward the edges.
From The Frederick Mayer Collection

12663

HB-026 EP-183 a Scott-unl. Reed-AP90 90¢ Take Ayer's Pills Extremely Fine.
Numerical grade: 80case.85stamp.55mica. = 220
The case is a natural, light brass with golden overtones and tiny traces of silver behind a few of the letters. The stamp is very fresh and centered a little to the lower left, and the mica has some crazes and cracks, particularly toward the bottom center, but they do little to block the view of the beautiful stamp. Listed as an R-9 (two to four known) in Reed, with the comment "2 known?" This piece was previously in the Massachusetts Historical Society Collection, which was auctioned by Stack's in May of 1971. The only other known example was sold at auction for $13,000 in June of 1980 by Fractional Currency Inc. It is now in the ANA museum.
From The Frederick Mayer Collection

12664

HB-27 EP-4 Scott-13a Reed-AS01SM 1¢ Ayer's Sarsaparilla Small Ayer's Very Fine.
Numerical grade: 60case.60stamp.75mica. = 195
Cleaned at one time, and still with a predominantly bright brass glare. The stamp is fairly fresh as well, although with a wrinkle, and the mica is just about perfect. An acceptable example of this R-4 piece. Attributed by Mr. Mayer to Stack's sale of the Arnold Perl Collection.
From The Frederick Mayer Collection

12665

HB-28 EP-4a Scott-13 Reed-AS01MD 1¢ Ayer's Sarsaparilla Medium Ayer's Choice About New.
Numerical grade: 95case.80stamp.85mica. = 260
An incredibly high-grade example of this common Encasement. The Reed book lists it as an R-1, indicating over 100 known, and his auction-records census indicates 257 offerings in his 104-year survey period. This piece has got to be one of the finest in existence. The Stack's June 2004 piece brought a runaway $1725 price based on its grade. This piece is nicer. Both examples are virtually fully silvered on the back, but the Stack's piece was lightly cleaned on the front. This piece has a fair amount of silver on the front, a crystal clear, virtually flawless mica and a beautifully fresh stamp. About as close to fully uncirculated as any piece of Encased Postage we have seen. A very common example, but meaningfully rare this nice.
From The Frederick Mayer Collection

12666

HB-28 EP-4a Scott-13 Reed-AS01MD 1¢ Ayer's Sarsaparilla Medium Ayer's Choice About New.
Numerical grade: 75case.80stamp.80mica. = 235
A lovely example, with a golden brown color that has some reddish highlights. The stamp is freshand perfect, and the mica crystal clear. A premium example.
From The Frederick Mayer Collection

12667

HB-28 EP-4a Scott-13 Reed-AS01MD 1¢ Ayer's Sarsaparilla Medium Ayer's About New.
Numerical grade: 85case.75stamp.65mica. = 225
Touches of silver remain between some of the letters on this medium-tan highly attractive case. The stamp is beautifully centered (actually perfectly centered, which is almost never seen) and fully fresh. The mica has no circulation-caused defects, but a number of natural flaws run from upper left to lower right. They are invisible in direct light, but a bit annoying when the light is angled.
From The Frederick Mayer Collection

12668

HB-28 EP-4a Scott-13 Reed-AS01MD 1¢ Ayer's Sarsaparilla Medium Ayer's About New.
Numerical grade: 75case.85stamp.85mica. = 245
A very nice example of the denomination, with a natural golden-chestnut case. The stamp is an absolute beauty, with fresh colors and excellent centering. The mica is clear and clean, and about as nice as is ever seen. A premium example that Mr. Mayer paid nearly $700 for quite a few years ago.
From The Frederick Mayer Collection

12669

HB-28 EP-4a Scott-13 Reed-AS01MD 1¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine.
Numerical grade: 80case.70stamp.60mica. = 210
A handsome example with a dark mahogany colored case that has some silver behind all the letters. The stamp is well centered and reasonably fresh, and the mica, although substantially clear, does have a few problems, both natural and circulation caused.
From The Frederick Mayer Collection

12670

HB-28 EP-4a Scott-13 Reed-AS01MD 1¢ Ayer's Sarsaparilla Medium Ayer's Very Fine.
Numerical grade: 50case.70stamp.65mica. = 185
This piece has a fair degree of actual circulation wear, but the stamp remains quite fresh and the mica, save for minor circulation scratches on its surface, remains clear. An inexpensive, problem free piece.
From The Frederick Mayer Collection

12671

HB-29 EP-34 Scott-15 Reed-AS03SM 3¢ Ayer's Sarsaparilla Small Ayer's About New.
Numerical grade: 85case.85stamp.80mica. = 250
In this cataloger's opinion, neither Reed nor Hodder-Bowers gives the rarity of this piece its due. Reed considers it an R-2 (51 to 100 known) and prices it at just a hair more than the very common Medium Ayer's 3¢. The HB reference does the same. Our experience is that the Small Ayer's variety is far rarer than the Medium, and several times rarer than the Large. The Reed auction census shows 102 appearances for this piece, 267 for Medium and 139 for Large. While it's purely speculation on our part, we have always suspected that early auctioneers, when confronted with two sizes of "Ayer's," a Large and a Medium, called the Medium piece "Small," throwing off the census. Our experience is that the Medium is massively the most common (everyone agrees), the Smalls are easily 20-to-1 rarer than the Medium, and the Large about 3-to-1 rarer than the Medium. This one is a lovely example and in fact the finest we've seen of a 3¢ Small Ayer's. There is a touch of silvering behind many of the letters, and the case is a nice natural light tan color. The stamp's centering is very nearly perfect, and its color is strong. The mica is as clear and problem-free as these ever come. If this is not the finest known of this piece, it's got to be very close. The Stack's June 2004 sale had three, including the Lilly piece, all with problems and grading Very Fine. The Perl, Dunham and Massachusetts Historical Society pieces were all well below the quality of this lovely piece.
From The Frederick Mayer Collection

12672

HB-29 EP-34 Scott-15 Reed-AS03SM 3¢ Ayer's Sarsaparilla Small Ayer's About New.
Numerical grade: 80case.70stamp.75mica. = 225
A second lovely example of this rare Small Ayer's type. On this piece, the "Y" in Ayer's has been clearly repunched over a far smaller "Y." This punching error is ubiquitous on this type, but it generally is not as clear as it is on this piece. The case is a very attractive light mahogany color, the mica clear and nearly perfect and the stamp only very slightly toned.
From The Frederick Mayer Collection

12673

HB-29 EP-34 Scott-15 Reed-AS03SM 3¢ Ayer's Sarsaparilla Small Ayer's Extremely Fine.
Numerical grade: 85case.70stamp.60mica. = 215
This Small Ayers example is a most attractive piece with a natural deep tan two-tone case. The stamp is only slightly toned down, and the mica with a few minor surface problems that do little to detract.
From The Frederick Mayer Collection

12674

HB-30 EP-34a Scott-15a Reed-AS03MD 3¢ Ayer's Sarsaparilla Medium Ayer's About New.
Numerical grade: 85case.75stamp.75mica. = 235
About 50% of the original silvering remains on the back, the stamp is very nearly fully fresh and the mica clear under direct light with some very minor separations visible under angled light.
From The Frederick Mayer Collection

12675

HB-30 EP-34a Scott-15a Reed-AS03MD 3¢ Ayer's Sarsaparilla Medium Ayer's Choice Extremely Fine.
Numerical grade: 80case.85stamp.75mica. = 240
The case is a glossy, problem-free medium brown with no trace of the die crack. The mica is crystal clear, with only the most minor of defects that disappear under most angles of light. The stamp is well centered and fresh.
From The Frederick Mayer Collection

12676

HB-30 EP-34a Scott-15a Reed-AS03SM 3¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine.
Numerical grade: 75case.80stamp.60mica. = 215
The single most common Encasement, and a rather nice piece, with a light brass case, a fresh stamp, and a mica with a short crack and some minor crazing at the edges. The earliest die state, with no traces whatever of the crack that begins under the "S" of "AYER'S."
From The Frederick Mayer Collection

12677

HB-30 EP-34a Scott-15a Reed-AS03MD 3¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine.
Numerical grade: 50case.75stamp.60mica. = 185
A heavy touch of silvering remains behind the letters on this common piece. The mica is clear, but with a tiny hole at the upper left edge. The stamp is quite fresh. The case is crushed-in a bit at the center of the back, and we suspect that Mr. Mayer acquired this rather ordinary piece because it has an advanced state of the die crack, which extends all the way to the left. With the naked eye, it ends under the "Y" of Ayers, but with a glass it extends fully under the "A."
From The Frederick Mayer Collection

12678

HB-31 EP-35 Scott-15c Reed-AS03MDRB 3¢ Ayer's Sarsaparilla Medium Ayer's Ribbed Frame Extremely Fine.
Numerical grade: 85case.85stamp.65mica. = 235
The case is a beautiful golden brown, with some natural brighter highlights behind the letters. The stamp is quite fresh, and the mica is clear but has a few inconsequential craze marks at its edges, and a slightly more noticeable one at the top just to the right of center. This is a massively underappreciated rarity, which Reed considers to be unique. It's certainly the only example that we are aware of, and it is tightly closed and 100% beyond suspicion. It was previously Lot 373 from Stack's June 2004 sale of the Western Collection, and its rarity was not commented on at that sale. There were no examples of this type in the Perl, Lilly, Dunham or Massachusetts Historical Society offerings. Reed's auction survey shows seven appearances over 104 years, which likely represent a combination of miscatalogings and reappearances of this single piece. An incredible rarity that went barely recognized in 2004, when Mr. Mayer "stole" it at $2070.
From The Frederick Mayer Collection

12679

HB-32 EP-34b Scott-15b Reed-AS03LG 3¢ Ayer's Sarsaparilla Large Ayer's Choice About New.
Numerical grade: 90case.65stamp.55mica. = 210
Bright silvering covers over 90% of the back of the case, and there are minute traces of silver on the front as well. Viewed from the back, this is by far the finest Large Ayer's 3¢ we've seen. The stamp, however, is lightly toned down, and the mica has several cracks, crazes and minor chips mostly toward the center of the piece in the area of Washington's chin and neck.
From The Frederick Mayer Collection

12680

HB-32 EP-34b Scott-15b Reed-AS03LG 3¢ Ayer's Sarsaparilla Large Ayer's About New.
Numerical grade: 85case.75stamp.85mica. = 245
Fred Reed's rarity rating for this variety is R-3, 41-50 known. And that is probably just about right. This one is a beauty, with a multitoned natural brown case that has a nice splash of silver remaining in its center. The mica is as perfect as any we've seen, and the stamp has retained most of its color. A handsome example of this somewhat scarcer variety.
From The Frederick Mayer Collection

12681

HB-32 EP-34b Scott-15b Reed-AS03LG 3¢ Ayer's Sarsaparilla Large Ayer's Extremely Fine.
Numerical grade: 80case.80stamp.70mica. = 230
The case is a lovely golden brown, the stamp is fresh and well centered, and the mica crystal clear save for a small crazed area at the very top edge. Scarce this nice.
From The Frederick Mayer Collection

12682

HB-32 EP-34b Scott-15b Reed-AS03LG 3¢ Ayer's Sarsaparilla Large Ayer's Very Fine.
Numerical grade: 70case.65stamp.65mica. = 200
The case shows a considerable amount of actual circulation wear, with the tops of all the letters worn flat, clearly indicative of the length of time that these intriguing pieces actually circulated. Surprisingly, the stamp has remained reasonably fresh, and the mica, save for myriad surface marks, is problem free.
From The Frederick Mayer Collection

12683

HB-33 EP-63 Scott-16 Reed-AS05MD 5¢ Ayer's Sarsaparilla Medium Ayer's About New.
Numerical grade: 75case.70stamp.65mica. = 210
A much scarcer denomination for this merchant, which Reed believes to be an R-6 (16 to 20 known.) The 59 auction appearances over more than a century surveyed seem to agree with this figure. The case is a medium brass color, with some darker splotches. The mica has a short crack at the bottom and a crazed area at the top, but it is primarily clear. The stamp is somewhat toned down.
From The Frederick Mayer Collection

12684

HB-33 EP-63 Scott-16 Reed-AS05MD 5¢ Ayer's Sarsaparilla Medium Ayer's About New.
Numerical grade: 85case.65stamp.65mica. = 215
The case is a glossy, most attractive even mahogany color. The stamp has a few soiled areas but most of its color, and the mica shows a few minor cracks and crazes. Spectacular from the back average from the front.
From The Frederick Mayer Collection

12685

HB-34 EP-63a Scott-16a Reed-AS03LG 5¢ Ayer's Sarsaparilla Large Ayer's Extremely Fine.
Numerical grade: 80case.85stamp.70mica. = 235
Another far scarcer encasement that is overlooked in most references. This piece, which was in the June 2004 Western Collection had no mention of its rarity in the catalog, and the Hodder-Bowers book prices it as a common issue. Dunham had one, and it was noted in that catalog as rare. Perl and Lilly were both missing this type. Reed is aware of its rarity, calling it an R-9 (two to four known), and his 104-year auction survey supports that, with only twelve auction appearances. This piece, which Frederick Mayer acquired in the June 2004 Stack's Western Collection sale, is a gorgeous Extremely Fine. The case is a natural medium-golden brown, without a hint of a flaw. The stamp is very fresh and well centered, the mica has a few minor crazes at its outer edges but is very substantially clear. At least one other bidder appreciated the rarity of this piece in that sale, as Mr. Mayer was pushed past the $2000 mark.
From The Frederick Mayer Collection

12686

HB-36 EP-98a Scott-17 Reed-AS10MD 10¢ Ayer's Sarsaparilla Medium Ayer's About New.
Numerical grade: 80case.80stamp.40mica. = 200
A touch of silver fills-in behind the letters on this handsome light-brown case. The stamp is strikingly fresh, but the mica has some cracks, crazes and a small break through to the stamp on Washington's left shoulder. Acquired from Stack's February 1969 sale. A relatively scarce piece, Fred Reed estimates 16 to 20 are known, and we have no disagreement.
From The Frederick Mayer Collection

12687

HB-36 EP-98a Scott-17 Reed-AS10MD 10¢ Ayer's Sarsaparilla Medium Ayer's Choice Extremely Fine.
Numerical grade: 75case.60stamp.80mica. = 235 The case is a dark golden brown without a hint of a flaw. The stamp is decently centered but a bit toned down. The mica is well above average, with just some very minor imperfections at the edges.
From The Frederick Mayer Collection

12688

HB-36 EP-98a Scott-17 Reed-AS10MD 10¢ Ayer's Sarsaparilla Medium Ayer's Choice Extremely Fine.
Numerical grade: 75case.80stamp.75mica. = 230 The case is a glossy mahogany that is totally problem free. The die break is present along its full length, but very light. The stamp is nicely colored and very well centered. The mica has a few very minor crazes at its outer edges and one small chip in its top layer. R-6 in Reed.
From The Frederick Mayer Collection

12689

HB-36 EP-98a Scott-17 Reed-AS10MD 10¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine.
Numerical grade: 65case.50stamp.90mica. = 205 The case appears to have a fair amount of actual circulation wear at the bottom, but the upper part of the case grades fully Extremely Fine or better. The back was poorly struck, making the word "Blood" and Gault's patent information subject to quick wear, so much so that most all of Gault's patent information has worn off. The mica is very nearly perfect, and the stamp is primarily quite fresh, though there are some minor traces of soiling on its surfaces. The die break is apparent over its full length, but it is extremely light. A scarcer issue than normally presumed, with an R-6 rating in Reed.'
From The Frederick Mayer Collection

12690

HB-36 EP-98a Scott-17 Reed-AS10MD 10¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine.
Numerical grade: 80case.85stamp.70mica. = 235
Minor touches of silver remain behind the letters of this problem-free case. The mica has a small crack at the lower right, but is beautifully clear everywhere else, the stamp is fully fresh. Ten Cent Ayer's are not as common as one might expect, and this piece, the most common variety, is considered an R-6 by Reed.
From The Frederick Mayer Collection

12691

HB-37 EP-99 Scott-17a Reed-AS10MDRB 10¢ Ayer's Sarsaparilla Medium Ayer's Ribbed Frame Very Fine.
Numerical grade: 50case.60stamp.70mica. = 180 Obtained by Fred as Lot 380 from Stack's June 2004 Western Collection Sale. The Western Collection was formed from the 1940's to the 1980's, and it contained the pick of the great collections that had been compiled from the turn of the century forward. Mr. Mayer bought heavily out of that sale, filling in pieces that there had been no opportunity for him to purchase previously. This piece is almost certainly the Dunham piece. Fred Reed considers it to be unique, and we are inclined to agree, as it is certainly the only example we know of. The Reed auction records indicate six appearances over his 104-year survey period. The case has circulated down to the VF grade, but it is totally problem free and tightly and evenly closed. The stamp is a bit toned, but it has retained most of its original green color. The mica has some minor crazing, and one cracked spot just to the left of Washington's mouth. In the Stack's sale, no mention was made of the rarity of this piece. At least one other bidder as well as Frederick Mayer was aware of its importance; it realized $1840.
From The Frederick Mayer Collection

12692

HB-38 EP-98b Scott-17c Reed-AS10LG 10¢ Ayer's Sarsaparilla Large Ayer's Extremely Fine.
Numerical grade: 65case.50stamp.90mica. = 205 Considered an R-9 by Reed, indicating two to four known. That figure works for us: we know of this piece, the western collection piece and one other. The case is a medium brown, and it is problem free. The stamp has most of it color, but is shows minor stains in a few spots. And the mica is exceptional, with just the most minute of craze marks at the bottom center.
From The Frederick Mayer Collection

12693

HB-40 EP-137 Scott-18 Reed-AS12MD 12¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine.
Numerical grade: 70case.80stamp.80mica. = 230 The case is a deep, even mahogany with brighter highlights behind the letters. The die crack is plainly visible, ending under the "Y" of "AYER'S." The stamp is beautifully centered, with terrific color, and the mica shows only very minor flaws at its outer edges, but it's clear and glossy. Reed lists this piece as an R-8 indicating 5 to 10 known, and shows that there have been 22 auction appearances in the 104-year length of his survey. Frederick Mayer indicates on his flip that this piece is the Arnold Perl specimen from Stack's December 1969 sale. A lovely Twelve Cent, ideal for a denomination set.
From The Frederick Mayer Collection

12694

HB-41 EP-unl. Scott-unl. Reed-AS12LG 12¢ Ayer's Sarsaparilla Large Ayer's Extremely Fine.
Numerical grade: 75case.70stamp.90mica. = 235 Missing from all the major collections, and one of only two examples known to us. The Western Collection lacked a Large Ayer's 12¢, and there was none in Dunham, Lilly or Perl. Reed shows the earliest auction appearance for this type as 1905, and only three appearances throughout the length of his auction data. Mr. Mayer was never able to obtain one until this piece appeared in a 2005 Lyn Knight auction. At that sale, he paid $7187.50 for this attractive piece. The case is fully XF, tightly closed and problem free. The mica and stamp are both extremely nice, the mica being virtually faultless.
From The Frederick Mayer Collection

12695

HB-unl EP-160 Scott-19 Reed-AS24MD 24¢ Ayer's Sarsaparilla Medium Ayer's Very Fine.
Numerical grade: 65case.50stamp.80mica. = 195 Frederick Mayer owned two of the three known examples of this piece. This one is very likely the finest known. It's a nice attractive natural golden brown, with an exceptional mica and an attractive grayish 24¢ stamp. The lack of an HB number is an oversight or typo, as they were certainly aware of the existence of this number when the book was produced. Only in landmark sales such as this are multiple examples of extreme rarity available.
From The Frederick Mayer Collection

12696

HB-unl EP-160 Scott-19 Reed-AS24MD 24¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine.
Numerical grade: 70case.40stamp.50mica. = 165 Although this piece is quite rare, it appears that the lack of an HB number was the result of a typo, as they mention this denomination in the introduction to the merchant. In the Stack's sale of the western collection, they mentioned three known, which agrees with Reed's R-9 assessment. Fourteen auction appearances are recorded in Reed's auction census. The case is sound, tightly closed and most attractive, the stamp has faded as is often the case for this lilac color, and the mica shows some natural flaw lines as well as a few small cracks and crazed areas. The description and numerical grade tend to make this piece seem worse than it actually is. In hand, it's a very acceptable example of an important rarity.
From The Frederick Mayer Collection

12697

HB-42 EP-173 Scott-20 Reed-AS30MD 30¢ Ayer's Sarsaparilla Medium Ayer's About New.
Numerical grade: 85case.60stamp.80mica. = 225 An extreme rarity, listed as an R-9 (2 to 4 known) by Reed, a number with which we agree. This was Lot 384 from Stack's 2004 western collection sale, and they also agreed with the census, as three confirmed with a rumored fourth. Reed's auction-census data show eleven pieces, which no doubt includes repeats. The case is an extremely nice medium golden brown, tightly closed and totally flawless, the mica is exceptional. It's crystal clear and has only very minor crazes at the top and bottom edges. The stamp is lightly toned down but retains good orange color. An important rarity that Mr. Mayer paid $4312.50 for over three years ago.
From The Frederick Mayer Collection

12698

HB-44 EP-5 Scott-21 Reed-BC011¢ Bailey & Co. Choice About New.
Numerical grade: 80case.75stamp.90mica. = 235 The gorgeous high-end AU case comes very close to the full Uncirculated grade. It's a medium brown, with some original highlights behind the letters and a splash of silvering at the center. The stamp is beautifully fresh, but with a wrinkle across the center from tab to tab. The mica is crystal clear and about as flawless as any could be. A simply gorgeous example of this scarce piece. Reed considers it an R-8, indicating five to ten known. An exceptional condition encasement that was previously from Stack's February 1969 sale.
From The Frederick Mayer Collection

12699

HB-44 EP-5 Scott-21 Reed-BC01 1¢ Bailey & Co. Choice About New.
Numerical grade: 90case.75stamp.90mica. = 255 A beautiful piece of Encased Postage, with a nearly uncirculated case that has over 80% of its original silvering. The stamp is a tiny bit toned, and save for that, this would be one of the very finest condition pieces in the collection, as the mica approaches absolute perfection. A wonderful example, and one of the finest Bailey's of any denomination to survive.
From The Frederick Mayer Collection

12700

HB-45 EP-36 Scott-22 Reed-BC03 3¢ Bailey & Co. Choice About New.
Numerical grade: 85case.70stamp.45mica. = 200 Mr. Mayer attributes this piece to the December 1969 sale of the Arnold Perl Collection, and the description of that piece seems to match. The case has most all of its original silvering, the stamp is lightly toned, and the mica has a single long crack that traverses the piece from above the right tab to below the left tab. Not at all unattractive, and a better than average example of this scarce merchant.
From The Frederick Mayer Collection

12701

HB-45 EP-36 Scott-22 Reed-BC03 3¢ Bailey & Co. Extremely Fine.
Numerical grade: 75case.65stamp.85mica. = 225 R-8 is the most "common" rating of any of the Bailey's, with the One, Three, Five and Ten all earning that designation from Reed. His 104-year auction survey also indicates almost identical frequency of appearance for those four denominations. However, the Three Cent, in recent years, has appeared the most often, and one gets the distinct impression that it is the most available denomination of this scarce merchant. This piece has an attractive medium brass case, an exceptional mica and a nicely centered stamp that is somewhat toned in its white areas, but remains bright red in its inked areas.
From The Frederick Mayer Collection

12702

HB-45 EP-36 Scott-22 Reed-BC03 3¢ Bailey & Co. Extremely Fine.
Numerical grade: 75case.50stamp.75mica. = 200 The case is dark mahogany, with lighter gold lettering. The mica is very nice, with only the most minor crazing at its outer edges. The stamp is rather faded, and it has a dark spot at the base of Washington's neck. A nice example of this scarce merchant that is likely to sell for less than four figures.
From The Frederick Mayer Collection

12703

HB-46 EP-64 Scott-23 Reed-BC05 5¢ Bailey & Co. About New.
Numerical grade: 90case.80stamp.40mica. = 210 The case is very nearly fully uncirculated, and it has a considerable amount of its silvering remaining. The stamp is fresh and well centered, and the mica, although it appears perfect at a glance, is broken at the lower left, exposing a fair size area of the stamp. Strangely, the stamp has not faded or become soiled, and the missing piece could easily be overlooked. This was previously Lot 1015 from Stack's December 1969 sale of the Arnold Perl Collection.
From The Frederick Mayer Collection

12704

HB-46 EP-64 Scott-23 Reed-BC05 5¢ Bailey & Co. Extremely Fine.
Numerical grade: 80case.75stamp.60mica. = 215 The case is a handsome medium mahogany with slightly lighter letters. The stamp is reasonably fresh, but with a spot in Jefferson's hair. The mica has a crazed area below the left tab, and a number of indentations in its surface. A scarce piece, as are all Bailey's.
From The Frederick Mayer Collection

12705

HB-47 EP-100 Scott-24 Reed-BC10 10¢ Bailey & Co. Extremely Fine.
Numerical grade: 60case.50stamp.80mica. = 190 A considerable amount of silvering remains on the back of the case. The front has a small dent at the top center and a little bending of the left tab. The mica is excellent and virtually flaw free; the stamp is rather heavily aged, and it shows a few spots and a bit of soiling.
From The Frederick Mayer Collection

12706

HB-49 EP-6a Scott-26 Reed-BA01FG 1¢ Joseph L. Bates Fancygoods About New.
Numerical grade: 85case.90stamp.70mica. = 245 The second-most common of the Bates pieces, and a lovely example. The case is fully About Uncirculated, with some bright silvering behind a number of the letters. The stamp, although centered a drop high, is 100% fully fresh. The mica is clear, though there are a few minor disturbances at its outer edges. An overall exceptional piece.
From The Frederick Mayer Collection

12707

HB-49 EP-6a Scott-26 Reed-BA01FG 1¢ Joseph L. Bates Fancygoods Extremely Fine.
Numerical grade: 65case.85stamp.70mica. = 220 This is the scarcer of the One Cent varieties, with "FANCYGOODS" as a single word. The case has some silver on the back, but there is also a scattering of dark spots. The stamp is wonderfully bright, and the mica has some surface marks and a few crazes at its edges.
From The Frederick Mayer Collection

12708

HB-50 EP-6 Scott-26a Reed-BA01F/G 1¢ Joseph L. Bates Fancy Goods Choice About New.
Numerical grade: 85case.70stamp.90mica. = 245 This One Cent piece with "FANCY GOODS" as two words is by far the most common of any of the Bates pieces. The One Cent denomination is the only easily obtained denomination for Bates, and the two-word "FANCY GOODS" is far more common than the one-word. Reed rates this piece as an R-4, indicating 31 to 40 known, a figure with which we agree. The case itself is a glossy medium-brown About New with a touch of silver behind many of the letters. The stamp is beautifully fresh but somewhat off center to the upper right. The mica is about as close to flawless as these ever come. A wonderful condition piece.
From The Frederick Mayer Collection

12709

HB-50 EP-6 Scott-26a Reed-BA01F/G 1¢ Joseph L. Bates Fancy Goods Extremely Fine.
Numerical grade: 75case.75stamp.65mica. = 215 A nice example of the more common One Cent variety, with "FANCY GOODS" as two words. There is a touch of silvering on the back, the stamp is reasonably fresh and the mica is primarily clear but with a chipped area at the top of Franklin's head.
From The Frederick Mayer Collection

12710

HB-50 EP-6 Scott-26a Reed-BA01F/G 1¢ Joseph L. Bates Fancy Goods Extremely Fine.
Numerical grade: 60case.70stamp.65mica. = 195 The case has a curved dent on the back that does not materially affect the appearance. The stamp is beautifully fresh, but it appears to have been folded prior to going into the case. The mica is clear, but it has some minor crazing and a few surface marks.
From The Frederick Mayer Collection

12711

HB-52 EP-37 Scott-27a Reed-BA03F/G 3¢ Joseph L. Bates Fancy Goods About
New.
Numerical grade: 85case.70stamp.60mica. = 215 The case has almost all its silvering remaining, the stamp is somewhat faded but nicely centered, and the mica is clear but with cracks and crazes in its very edge, particularly at the lower left. Three Cent Bates pieces are extremely rare. The one-word "FANCYGOODS" does not exist, and this two-word "FANCY GOODS" is represented by perhaps three to five examples, of which this is likely the finest. Mr. Mayer had no opportunity to purchase a Three Cent Bates in his many years of collecting until the Western Collection was sold in June of 2004. This extremely rare piece appeared in that sale as Lot 401.
From The Frederick Mayer Collection

12712

HB-54 EP-65 Scott-28a Reed-BA05F/G 5¢ Joseph L. Bates Fancy Goods Extremely Fine.
Numerical grade: 75case.80stamp.80mica. = 235 Five Cent Bates encasements are extremely rare, yet they remain unrecognized as such in most listings and catalogs. Of the three varieties that exist, all are R-9 in Reed, indicating two to four known. This plain-frame "FANCY GOODS" in two words variety is likely the most common of the Five Cents, based on Reed's 104-year auction survey. In this case, "common" indicates three or four in existence, as opposed to the two known for each of the other varieties. The Western Collection had an example with a torn stamp and cracked mica. The owner of that collection was unable to acquire a better piece in five decades. This example is a beauty. The high-grade case has some silvering remaining behind the letters, an it's flawless save for a stain at its right edge. The mica and stamp are both exceptional. This is quite likely the finest known example of its number.
From The Frederick Mayer Collection

12713

HB-55 EP-66 Scott-28b Reed-BA05FG 5¢ Joseph L. Bates Fancygoods Ribbed Frame Extremely Fine.
Numerical grade: 80case.80stamp.60mica. = 220 An extreme rarity that Reed considers an R-9 and comments, "Two known." Interestingly, the Five Cent "FANCYGOODS" in the plain frame is equally rare, with only two examples known. This piece was previously part of Stack's June 2004 Western Collection sale. In that catalog, no comment on its rarity was made. It was basically overlooked and written up as if it were common. Mr. Mayer and several other bidders knew better, and propelled the price above $3000. The case is a lovely golden brown, the stamp is fresh and very well centered and the mica, though substantially clear, does have a number of minor crazes and separations. A very important piece.
From The Frederick Mayer Collection

12714

HB-56 EP-102a Scott-29 Reed-BA10FG 10¢ Joseph L. Bates Fancygoods Extremely Fine.
Numerical grade: 80case.60stamp.75mica. = 215 Reed Rates this as an R-9 and indicates that two or three examples are known. This is a very nice one that is far superior to the Western Collection example. The case has a fair amount of silvering remaining on the golden-brown back, the stamp is very well centered although somewhat toned and with a few wrinkles, and the mica is crystal clear save for a short crack at the bottom center.
From The Frederick Mayer Collection

12715

HB-56 EP-102a Scott-29 Reed-BA10FG 10¢ Joseph L. Bates Fancygoods Extremely Fine.
Numerical grade: 75case.75stamp.75mica. = 225 Rated as an R-9 by Reed, with the comment "2-3 known." We are aware of three, the two in this collection and the Western Collection piece. We know of no others, but believe that a fourth piece is out there somewhere. When Mr. Mayer acquired this piece, it was listed as the finest known, which he considered it to be. This cataloger prefers the other piece in this collection, but it's a close call. The case is beautiful, with several different reddish, golden and brass colors to the back. The face shows a few minor dents on the tabs, the stamp has retained most of its color, and the mica is primarily clear, with just a few minor crazes at its outer edges.
From The Frederick Mayer Collection

12716

HB-57 EP-101 Scott-29a Reed-BA10F/G 10¢ Joseph L. Bates Fancy Goods Extremely Fine.
Numerical grade: 60case.75stamp.75mica. = 210 Listed as an R-8 by Reed, indicating five to ten known. This one has a high-end case that is quite dark around the edge from some light corrosion. The stamp is quite fresh but centered a bit to the right, and the mica is clear and problem-free, save for the upper left, where there is a short crack and some minor crazing.
From The Frederick Mayer Collection

12717

HB-58 EP-101 Scott-29b Reed-BA10FG 10¢ Joseph L. Bates Fancygoods Ribbed Frame Extremely Fine.
Numerical grade: 80case.75stamp.70mica. = 225 Mr. Mayer acquire this piece as Lot 407 from Stack's June 2004 sale of the Western Collection. Strangely, no mention of its extremely rarity was made in that auction description. Fred Reed shows this piece as an R-10 an comments, "Unique." This cataloger is in total agreement. Only three auction appearances are in Reed's 104-year survey, all of which are without a doubt re-appearances of this piece. The case is a solid XF or a bit better. There are very minor traces of silver behind the letters, and considerably more original mint (factory?) color. The stamp is quite fresh, but it is centered a hair low, and the mica is completely clear, but it has a few cracks and crazes at its outer edge both top and bottom. In spite of no mention of its rarity in its 2004 Western Collection sale appearance, the piece cost Mr. Mayer well over $3000.
From The Frederick Mayer Collection

12718

HB-59 EP-139 Scott-30 Reed-BA12F/G 12¢ Joseph L. Bates Fancy Goods Extremely Fine.
Numerical grade: 70case.70stamp.75mica. = 215 Fred Reed considers this 12¢ Bates to be an R-9, indicating two to four known. We are aware of four. This piece has very high grade case, with a light center and dark outer edges. The face of the case is splotchy but primarily dark. The stamp is very well centered but somewhat faded. The mica has a few surface marks, but it is above average and quite clear.
From The Frederick Mayer Collection

12719

HB-62 EP-7 Scott-31 Reed-BT01 1¢ Brown's Bronchial Troches About New
Numerical grade: 80case.85stamp.75mica. = 240 An exceptionally nice example of a far scarcer denomination. Fred Reed's 104-year auction survey shows only six appearances of One Cent Brown's. He rates the piece as an R-8+, indicating five to seven known. The Hodder-Bowers book feels the 1¢ and 10¢ are both equally rare, but in this instance, this cataloger comes down firmly on the side of Fred Reed. Mr. Mayer was unable to obtain a One Cent Brown's for his collection until this piece reached the market when Stack's sold the Western collection in June of 2004. Arnold Perl was also unable to obtain a One Cent Brown's in his dozen years of active collecting. This piece is a beauty. The case is a solid AU, with natural two-tone tan color. The stamp is 100% fully fresh as well as rather well centered, and the mica is crystal clear, interrupted by only three tiny areas of crazing: two at the bottom edge and one at the top. My. Mayer paid $1955 for this piece over three years ago.
From The Frederick Mayer Collection

12720

HB-63 EP-38 Scott-32 Reed-BT03 3¢ Brown's Bronchial Troches Extremely Fine.
Numerical grade: 70case.75stamp.75mica. = 220 Attributed by Mr. Mayer as Lot 301 from the September 1967 sale of the Lilly Collection. The piece was not photographed in that sale, but all of our consignor's verifiable pedigrees were correct, and we have no doubt that this one is also. The case is a solid XF, with considerable silvering remaining behind the letters. The date "1862" has been very lightly scratched onto the case, but it is all but invisible without a glass. The stamp has nearly all of its original color, and the mica is perfect save for a small crazed area below the left tab. None of Brown's encasements is particularly common. This 3¢ is rated as an R-6 by Reed, indicating sixteen to 20 known.
From The Frederick Mayer Collection

12721

HB-64 EP-67 Scott-33 Reed-BT05 5¢ Brown's Bronchial Troches About New
Numerical grade: 80case.65stamp.75mica. = 220 Reed considers this Five Cent to be the most common denomination for Brown's, rating it as an R-4, which indicates 31 to 40 known. We agree with his assessment. The case is a most attractive, medium brass color, with a heavy amount of silvering remaining behind all the words and in some of the fields. The perfectly centered stamp is toned down but not at all unattractive. The mica has only the most trivial of crazes at its outer edge, but it is clear throughout.
From The Frederick Mayer Collection

12722

HB-64 EP-67 Scott-33 Reed-BT05 5¢ Brown's Bronchial Troches Extremely Fine
Numerical grade: 70case.75stamp.70mica. = 215 Five Cents is the most common of the Brown's denominations, and this is a very nice example. The case is a light golden brown with darker highlights behind the letters. The stamp is decently centered, with strong color, and the mica has a few minor marks at the edges and a natural flaw at the lower left.
From The Frederick Mayer Collection

12723

HB-65 EP-103 Scott-34 Reed-BT10 10¢ Brown's Bronchial Troches Extremely Fine
Numerical grade: 65case.80stamp.65mica. = 210 This 10¢ Brown's is rated as an R-6 by Reed. His auction survey shows 63 appearances over the 104-year survey period. The case shows very little actual circulation, but the surface of the back is rough. We've seen this a few times before, and it is apparently as-made, as there is no chance that the stamp would have survived the long-term moisture contact that is usually associated with this surface characteristic. In any event, the case is far from unattractive, the stamp is beautifully fresh and quite well centered and the mica clear save for two crazed areas, one behind Washington's head and a second at the bottom center.
From The Frederick Mayer Collection

12724

HB-65 EP-103 Scott-34 Reed-BT10 10¢ Brown's Bronchial Troches Extremely Fine
Numerical grade: 70case.75stamp.70mica. = 250 A beautiful piece of Encased as well as a relatively rare one. Reed considers this Ten Cent to be an R-6, meaning sixteen to twenty known, and we believe that to be just about right. The case is a nice, natural multicolor, with a touch of original silver at the bottom. The stamp is 100% fully fresh and just a tad off center. The mica is exceptional, with no lamination at all, and it is crystal clear at all angles of light. A great piece of Encased Postage that belongs in a premier collection.
From The Frederick Mayer Collection

12725

HB-66 EP-140 Scott-35 Reed-BT12 12¢ Brown's Bronchial Troches About New
Numerical grade: 75case.70stamp.75mica. = 220 This high-end case has about 50% of its silvering remaining. Interestingly, the missing silvering does not seem to have worn off, but rather it appears as though it was never applied, as the silver is missing in large patches. The areas where the silvering is present have definitive edges. The stamp is reasonably fresh and the mica crystal clear, with just a few minor laminations at the very top. This Twelve Cent Brown's is about equal in rarity to the One Cent. Fred Reed rates it as an R-9, indicating two to four known. The Hodder-Bowers reference states, "Fewer than ten." The Stack's June 2004 sale had an example, and other than that piece and this one, we have seen no others. The Stack's example realized $4000.
From The Frederick Mayer Collection

12726

HB-67 EP-8 Scott-38 Reed-BU01 1¢ F. Buhl & Co. Extremely Fine
Numerical grade: 75case.80stamp.90mica. = 245 The case is a solid XF, with a nice, natural tan color and brighter original highlights behind the letters. The stamp is decently centered and beautifully bold and fresh. It's easily seen beneath a mica that is about as perfect as they ever come. Reed considers this to be an R-8, indicating five to ten known, a number with which we agree. All Buhl encasements are rare, and this piece is exceptional for both rarity and quality.
From The Frederick Mayer Collection

12727

HB-67 EP-8 Scott-38 Reed-BU01 1¢ F. Buhl & Co. Extremely Fine.
Numerical grade: 75case.80stamp.80mica. = 235 The case is multitoned and attractive, with a touch of silver behind a few of the letters. The stamp is very nicely centered, and only a touch toned down. The mica is flawless in most places, with a short crack at the very outer edge behind Franklin's head. Reed considers this One Cent Buhl as an R-8, indicating five to ten pieces known, a range with which we are inclined to agree. We've handled four over the years, and we suspect eight or ten examples known. This piece was Lot 962 from the Arnold Perl sale held by Stack's on December 6, 1969. Prior to that, it had been in a February 1965 Herst sale.
From The Frederick Mayer Collection

12728

HB-69 EP-68 Scott-40 Reed-BU01 5¢ F. Buhl & Co. Extremely Fine.
Numerical grade: 60case.40stamp.30mica. = 130 A rare piece, with fewer than ten examples known. The case has little circulation, but it's bruised at the upper right. The stamp is a hair dark, and the mica has some cracks and a disturbing craze mark over the lower half of the portrait.
From The Frederick Mayer Collection

12729

HB-69 EP-68 Scott-40 Reed-BU01 5¢ F. Buhl & Co. Very Fine.
Numerical grade: 60case.70stamp.80mica. = 210 Although the case is problem free, it exhibits far more actual circulation wear than almost any encasement we've seen. The stamp has excellent color, and the mica is problem free save for very minor crazing at its outer edges and the typical circulation-caused rubs to its surface. The color of the stamp and clarity of the mica is amazing for a heavily circulated piece. This was previously Lot 1017 from the Stack's sale of the Perl Collection, and prior to that is appeared in a February 1965 Herst auction. A very rare piece, considered R-8 by Reed, this cataloger and the Hodder-Bowers book.
From The Frederick Mayer Collection

12730

HB-70 EP-104 Scott-41 Reed-BU10 10¢ F. Buhl & Co. Extremely Fine.
Numerical grade: 75case.70stamp.90mica. = 235 An exceptionally high-end piece for this merchant, which typically comes well used, and often with problems. It was previously Lot 1045 from the Stack's 1969 sale of the Arnold Perl Collection where it was described, "Extremely Fine. Mica quite perfect. Rare, especially in this state of preservation." All of which we agree with. The case is a glossy, deep mahogany brown with no problems, the stamp is fresh and attractive, and the mica is as close to perfect as is ever seen. One of the finest Buhls in existence.
From The Frederick Mayer Collection

12731

HB-70 EP-104 Scott-41 Reed-BU10 10¢ F. Buhl & Co. Very Fine.
Numerical grade: 50case.65stamp.65mica. = 180 The most available denomination of the Buhls, Reed considers this to be an R-8, but we think he's a tad conservative. Our opinion is that there are probably twelve to fifteen known. Interestingly, Reed's auction census shows the One Cent, Five Cent and Ten Cent very close to each other for appearances (there are 38 One Cent, 39 Five Cent and 36 Ten Cent.) Yet the 10¢ is clearly the most available on today's market. Hodder-Bowers agrees, saying "excepting only the 10¢ denomination, which is itself rare, all the others are extremely rare." About an average piece for condition for an encasement, but well below average for this outstanding collection.
From The Frederick Mayer Collection

12732

HB-071 EP-141 Scott-42 Reed-BU12 12¢ F. Buhl & Co. About New.
Numerical grade: 80case.80stamp.80mica. = 240 An extremely rare denomination for this merchant, and one of the nicest Buhls in Mr. Mayer's collection. The case is a perfect About New, totally problem free. The stamp is beautifully centered and nearly fully fresh. And the mica has just a few minor crazes at its very edges, but it is crystal clear and essentially close to perfect. This was previously Lot 424 of Stack's June 2004 Western Collection sale. Mr. Mayer paid a hair over $6000 for it there. Reed shows only five auction appearances from 1891 to 1994, and we know of only this piece and one other. There was no 12¢ Buhl in Perl, Lilly or Dunham. The 2004 Stack's catalog said, "...may be as few as three." We're inclined to think that number should be two.
From The Frederick Mayer Collection

12733

HB-72 EP-162 Scott-43 Reed-BU24 24¢ F. Buhl & Co. Extremely Fine.
Numerical grade: 70case.75stamp.80mica. = 225 Reed's auction census shows seven appearances for this denomination, all of which may well have been this piece. Frederick Mayer considered it to be unique, and there was no example in the Western Collection, Perl, Dunham, Lilly or any other collection we can locate save for Robert A. Siegel's May 1982 sale, which was where this piece came from. The case is a natural light golden brown with some darker toning on the front tabs, the stamp is just a touch off its full color, and the mica is very nearly perfect, with just the most minute crazing at its outer edges. Unique to our best knowledge, and an incredible opportunity for the advanced specialist.
From The Frederick Mayer Collection

12734

HB-73 EP-9 Scott-44 Reed-BK01 1¢ Burnett's Cocoaine Extremely Fine.
Numerical grade: 75case.75stamp.80mica. = 240 A high-grade example of this relatively available piece. Reed considers it to be an R-6, indicating sixteen to twenty examples known, and we suspect that is just about right. Mr. Mayer attributed this piece as having been Lot 666 of Stack's May 1971 sale of the Massachusetts Historical Society holdings. The piece has a lovely golden colored high-grade case, a 100% fully fresh stamp that is centered to the right and a completely clear mica with only the most miniscule of flaws at it very edges.
From The Frederick Mayer Collection

12735

HB-74 EP-39 Scott-45 Reed-BK03 3¢ Burnett's Cocoaine About New.
Numerical grade: 85case.80stamp.60mica. = 225 The case on this piece has over 90% of its original silvering and a beautifully fresh, well centered stamp. The mica has a few crazes at its outer edge and a crack that runs from the right face tab into Washington's neck.
From The Frederick Mayer Collection

12736

HB-74 EP-39 Scott-45 Reed-BK03 3¢ Burnett's Cocoaine Extremely Fine.
Numerical grade: 75case.70stamp.75mica. = 220 Rated as an R-6 by Reed, indicating sixteen to twenty known. This is a solid example, with a problem-free case, a reasonably fresh stamp and an excellent mica. There are a few black flecks of some kind trapped between the mica and the stamp, but they are not spots on the stamp.
From The Frederick Mayer Collection

12737

HB-75 EP-69 Scott-46 Reed-BK05 5¢ Burnett's Cocoaine Choice About New.
Numerical grade: 90case.95stamp.80mica. = 265 A relatively common piece, but an incredibly nice one. The back of the case is virtually fully silvered, including the high points on the letters where it tended to wear off immediately. There is even a touch of silvering on both of the face tabs. The stamp is ideally centered and beautifully fresh, and the mica is crystal clear, with only a tiny area of crazing at the very edge below the left tab. One of the highest grade pieces in this collection.
From The Frederick Mayer Collection

12738

HB-75 EP-69 Scott-46 Reed-BK05 5¢ Burnett's Cocoaine Extremely Fine.
Numerical grade: 75case.60stamp.75mica. = 210 Reed rates this 5¢ Burnett's Cocoaine at the R-6 level, indicating sixteen to twenty known, which might be a drop conservative. We suspect the count is 25 or so. This one has about 30% of its original silvering remaining. The stamp is a little faded, with a wrinkle, and it is centered high. The mica is very nice, with just the most minute traces of crazing at its outer edges and some surface marks from circulation.
From The Frederick Mayer Collection

12739

HB-75 EP-69 Scott-46 Reed-BK05 5¢ Burnett's Cocoaine Extremely Fine.
Numerical grade: 75case.90stamp.75mica. = 240 The incredibly fresh, well centered stamp is the highlight of this relatively common piece. The case is a problem-free XF, and the mica is quite nice, with only very minor faults at its outer edges.
From The Frederick Mayer Collection

12740

HB-75 EP-69 Scott-46 Reed-BK05 5¢ Burnett's Cocoaine Very Fine.
Numerical grade: 50case.75stamp.40mica. = 165 This was Lot 1018 from the 1969 Arnold Perl sale. The case has been brightly polished, very likely ex-Clarke. The stamp is fresh and well centered; the mica is cracked and crazed, with a break below the right tab, exposing a portion of the stamp.
From The Frederick Mayer Collection

12741

HB-76 EP-105 Scott-47 Reed-BK10 10¢ Burnett's Cocoaine About New.
Numerical grade: 75case.70stamp.65mica. = 210 A high percentage of thin silvering remains on the case. The stamp is a bit toned, and the mica is substantially clear, but it has some crazing at the edges, particularly below the left tab. Pedigreed by Mr. Mayer as Lot 687 from the Stack's May 1971 sale of the holdings of the Massachusetts Historical Society.
From The Frederick Mayer Collection

12742

HB-76 EP-105 Scott-47 Reed-BK10 10¢ Burnett's Cocoaine Very Fine.
Numerical grade: 65case.50stamp.75mica. = 190 The most common denomination of the Burnett's Cocoaines, and listed by Reed as an R-4, indicating 31 to 40 known, which is likely just about right. The case is problem free, but it shows a fair amount of wear from actual circulation. The mica has held up beautifully well, with just a single very short crack at the bottom right. The stamp had a fold above Washington's head prior to encasement, and it is a bit dull, with a soiled area at the top center.
From The Frederick Mayer Collection

12743

HB-76 EP-105 Scott-47 Reed-BC10 10¢ Burnett's Cocoaine Very Fine.
Numerical grade: 60case.75stamp.60mica. = 195 The case is lightly discolored and may have been cleaned at one time. The stamp is fresh, but centered a bit high, and the mica has a number of circulation-caused surface marks as well as some minor separation and short cracks.
From The Frederick Mayer Collection

12744

HB-76 EP-105 Scott-47 Reed-BK10 10¢ Burnett's Cocoaine Very Fine.
Numerical grade: 65case.70stamp.40mica. = 175 The case is reasonably attractive but somewhat worn, the stamp is a bit toned, and the mica has a number of cracks and crazes, and there is a broken spot between the right tab and Washington's head that has exposed a portion of the stamp. Mr.
Mayer purchased this piece from the Stack's February 1969 sale, apparently for its inverted reverse.
From The Frederick Mayer Collection

12745

HB-77 EP-142 Scott-48 Reed-BK12 12¢ Burnett's Cocoaine Very Fine.
Numerical grade: 50case.75stamp.70mica. = 195 Reed considers this piece to be an R-8, indicating five to ten known, a number with which we are in agreement. We suspect the actual census is in the seven-or-eight range. Mr. Mayer's collection has two, and the Western collection had two others. The case on this piece has been highly polished in the T. James Clarke style. The mica is above average, with just a few minor crazes and separations that become visible in angled light. The stamp is centered a bit to the lower right, but it is fresh and attractive. Mr. Mayer pedigreed this piece to a February 1987 Siegel sale.
From The Frederick Mayer Collection

12746

HB-79 EP-175 Scott-50 Reed-BK30 30¢ Burnett's Cocoaine Extremely Fine.
Numerical grade: 75case.20stamp.40mica = 135 The case of this very rare piece is a lovely dark tan, slightly darker behind the letters. It's really quite attractive, so why bother to look at the other side? The stamp, unfortunately, is the worst we've seen in this collection, and quite possibly the worst we've seen. The mica is considerably cracked and crazed. Nonetheless, this is an extreme rarity, with either two or three examples in the census. Reed's auction survey shows only seven appearances for 30¢ examples, a number that is generally indicative of one or two pieces.
From The Frederick Mayer Collection

12747

HB-79 EP-175 Scott-50 Reed-BK30 30¢ Burnett's Cocoaine Extremely Fine.
Numerical grade: 80case.70stamp.55mica = 205 This lovely piece was previously Lot 436 of the Stack's June 2004 sale. The letters on the case show some wear, but it is fully XF, with a lovely golden tan color. The stamp is just a bit toned down, but it retains strong orange color. The mica has a crack in front of the left tab running up toward the top, and a shorter one extending left enters Franklin's hair. There are also a few minor crazes at its edge. It is entirely possible that this piece and the example in the next lot are the only two known for this merchant and denomination. At the outside, there is one other. A highly important piece.
From The Frederick Mayer Collection

12748

HB-81 EP-10 Scott-52 Reed-BE01 1¢ Burnett's Standard Cooking Extracts Extremely Fine.
Numerical grade: 75case.75stamp.50mica. = 200 The One Cent is the scarcest of the lower denomination pieces for Burnett's Cooking Extracts. Reed considers it to be an R-6, meaning sixteen to 20 known, and we suspect that is about right. The case is a golden tan, with traces of silver behind many of the letters. The stamp is fresh, with good color but centered quite low. The mica has several crazed areas, with the one at the bottom below Franklin's bust also showing some cracks. This piece was previously Lot 964 of the Stack's December 1969 sale of the Lilly Collection.
From The Frederick Mayer Collection

12749

HB-81 EP-10 Scott-52 Reed-BE01 1¢ Burnett's Standard Cooking Extracts Extremely Fine.
Numerical grade: 75case.50stamp.70mica. = 195 The case is an attractive golden color, the stamp is toned down with a wrinkle and some surface soil, and the mica is quite nice, with just minor crazing at its outer edges. A fairly scarce denomination for this merchant, listed as an R-6 by Reed.
From The Frederick Mayer Collection

12750

HB-82 EP-40 Scott-53 Reed-BE03 3¢ Burnett's Standard Cooking Extracts Choice About New.
Numerical grade: 85case.75stamp.75mica. = 235 An extremely nice example of a relatively scarce denomination. The case is a glossy two-tone dark brown, the stamp is fresh and nicely centered, and the mica is perfect save for a minor separation of the top layer immediately above the right tab. This is a little scarcer than a basic type piece, but it's a beautiful example that would represent the merchant or denomination ideally.
From The Frederick Mayer Collection

12751

HB-82 EP-40 Scott-53 Reed-BE03 3¢ Burnett's Standard Cooking Extracts Extremely Fine.
Numerical grade: 75case.70stamp.85mica. = 230 Rated as an R-6 by Reed, this Three Cent Burnett's Cooking Extracts is occasionally available, but it is far scarcer than the Five or Ten Cent of this issue. The case on this example is a light golden tan, and it is absolutely problem free. The stamp is beautifully centered, and it has most all of its color, though it is very slightly wrinkled. The mica is about as nice as they ever come, with only the most minute crazing at the very outer edges.
From The Frederick Mayer Collection

12752

HB-83 EP-70 Scott-54 Reed-BE05 5¢ Burnett's Standard Cooking Extracts Choice About New.
Numerical grade: 85case.90stamp.85mica. = 260 A common enough piece, but in extraordinary condition, with a very high percentage of silver remaining, and even a touch of silver on the left tab. The stamp is 100% fully fresh and very nearly perfectly centered. The mica is crystal clear, with only the most minimal of surface marks. From a quality standpoint, this is one of the finest pieces of Encased in Mr. Mayer's landmark collection.
From The Frederick Mayer Collection

12753

HB-84 EP-106 Scott-55 Reed-BE10 10¢ Burnett's Standard Cooking Extracts Choice About New.
Numerical grade: 80case.60stamp.75mica. = 215 In our opinion, this is the most common denomination for this issue. Both the Five Cent and Ten Cent are considered R-4 (31 to 40) by Reed, but we find this 10¢ to be the slightly more available of the two. This is a handsome example, with perhaps 60% of the original silvering remaining on the back. The stamp is somewhat aged but not overly so, and the mica is clear, with only very minimal problems. Mr. Mayer attributes the piece as having been Lot 1047 from the 1969 Arnold Perl sale. From that catalog description, it certainly appears to be.
From The Frederick Mayer Collection

12754

HB-84 EP-106 Scott-55 Reed-BE10 10¢ Burnett's Standard Cooking Extracts Choice About New.
Numerical grade: 80case.70stamp.50mica. = 200 The case has well over 90% of its original silvering remaining on the back. The mica is crystal clear, but it has bisecting cracks at the lower left and a very small break through to the stamp. The eye appeal of this piece is far in excess of the verbal description.
From The Frederick Mayer Collection

12755

HB-84 EP-106 Scott-55 Reed-BE10 10¢ Burnett's Standard Cooking Extracts Choice About New.
Numerical grade: 80case.75stamp.85mica. = 240 An interesting piece and in outstanding condition. The case is essentially flawless and very high grade, with 80% of its silvering remaining. Of special interest on this piece is that the silvering that remains covers the center and left area of the case, without a trace at the right. The sharp demarcation between the two areas makes it almost certain that the right-hand side had never been silvered. The silvering (actually, tinning - but common usage has always been "silvering") on Encased Postage was applied to the cases prior to assembly. The exact process is unclear, but the cases that have silvering on the outside are always fully silvered on the inside. This piece was simply partially silvered. The stamp is centered a tad high, but it is fresh and attractive. The mica is free from cracks or crazes and exhibits only minor surface marks commensurate with light circulation. It is crystal clear under both direct and angled light. An outstanding example for type or denomination.
From The Frederick Mayer Collection

12756

HB-85 EP-107 Scott-55a Reed-BE10RB 10¢ Burnett's Standard Cooking Extracts Ribbed Frame Extremely Fine.
Numerical grade: 65case.75stamp.75mica. = 215 One of only two examples in existence to our best knowledge. The Stack's June 2004 example was referred to as "Possibly unique." Reed's auction census indicates ten examples appeared during the 104-year survey, and he rates the piece in his rarity scale as an R-9. Ten auction appearances is consistent with two or three known examples, and we are quite certain the number is two. This piece has a problem-free dark brown case, a fresh stamp and a mica with just the most minor of imperfections. This 10¢ Burnett's Cooking extracts is the only denomination found in a ribbed frame, making this piece even more important.
From The Frederick Mayer Collection

12757

HB-86 EP-143 Scott-56 Reed-BE12 12¢ Burnett's Standard Cooking Extracts Extremely Fine.
Numerical grade: 75case.70stamp.75mica. = 220 This piece was acquired by Mr. Mayer as Lot 1069 from Stack's December 1969 sale of the Arnold Perl Collection. Reed rates this piece as an R-8, indicating five to ten known. The Stack's June 2004 catalog agrees as do we. This piece has a lovely medium brown case, with a fair amount of silvering remaining at the center. The stamp is somewhat toned but it is beautifully centered and it has a nice appearance. The mica is crystal clear, with only the most minor crazing at the very outer edges. In the Lilly sale, the cataloger commented, "Mica in a wonderful state of preservation."
From The Frederick Mayer Collection

12758

HB-86 EP-143 Scott-56 Reed-BE12 12¢ Burnett's Standard Cooking Extracts Very Fine.
Numerical grade: 50case.75stamp.70mica = 195 The case has been brightly polished in the Clarke style, the stamp has excellent color but is centered a bit to the right, and the mica shows a short crack at the bottom left and a few separations between layers. This Twelve Cent Burnett's cooking is a rare piece, rated as an R-9 by Reed, indicating five to ten examples known. We feel that five or six is the actual number, as did the Stack's June '04 cataloger. The Hodder-Bowers book states, "The 12¢ denomination is very rare."
From The Frederick Mayer Collection

12759

HB-87 EP-164 Scott-57 Reed-BE24 24¢ Burnett's Standard Cooking Extracts Choice About New.
Numerical grade: 80case.80stamp.95mica = 255 This piece was Lot 447 from Stack's June 2004 sale of the Western Collection, where it was called uncirculated. While we disagree, we see how that grade was not much of a stretch. The case is a glossy mahogany, with a good bit of silver remaining at the middle. The stamp is perfectly centered, with excellent color, and the mica is as flawless as any to be found on Encased Postage. Add to the wonderful condition the fact that this is an extreme rarity, with two or perhaps three at most known, and you have a highly important encasement. Reed considers this piece an R-9 with the comment, "2 known." And the Stack's June '04 cataloger said, "Extremely rare... there are only about two, at most three, 24¢ pieces known." This cataloger is aware of only this piece. Prices at the Stack's sale were strange in both directions. This piece landed on the low side, bringing a shade under $5000 in spite of its great grade and extreme rarity. This cataloger, who was present at that sale and loved this piece, refrained from bidding as, with its presence near the top of Mr. Mayer's "must have" list, trying to obtain it would have been hopeless. We suspect the sub-$5000 result indicates other buyers did the same. Tonight's price could well double the three-year old result.
From The Frederick Mayer Collection

12760

HB-88 EP-176 Scott-58 Reed-BE30 30¢ Burnett's Standard Cooking Extracts About New.
Numerical grade: 80case.85stamp.70mica = 235 As with the 24¢ above, Reed considers this an R-9, this time with the comment, "2-3 known." This piece was also from Stack's June '04 sale, where the cataloger stated, "While we do not feel this is unique, the total number surviving may only be as few as two." This cataloger has not seen a second example. The case is a handsome, glossy mahogany tone, with brighter touches behind some of the letters. The stamp is centered a tad low, but is a beautiful bright orange. The mica is clear save for a short crack and crazed area coming in from the top center and ending before the top of Franklin's head. An extreme rarity in outstanding condition.
From The Frederick Mayer Collection

12761

HB-89 EP-184a Scott-unl Reed-BE90 90¢ Burnett's Standard Cooking Extracts Extremely Fine.
Numerical grade: 75case.75stamp.65mica = 215 Although listed as unique in all the reference works, there are two examples known. We sold the ex-Stack's '04 piece in our January '07 sale, mentioning it was one of two known, as we have long been aware of this piece in the Mayer collection. The quality is virtually identical to the other piece. The stamp and mica on this piece are a hair superior, and the case on the other example shows a bit less wear. Both pieces are genuine beyond a doubt. In this example, the case shows some actual circulation wear, with a nice golden olive color and no problems. The stamp is almost fully fresh save for a spot on the forehead. The mica is clear, but it has a few surface cracks in the top layer, the most noticeable of which passes right above Washington's head. A highly important encasement, this is one of the feature pieces in this incredible collection.
From The Frederick Mayer Collection

12762

HB-89a EP-11 Scott-59 Reed-CL01 1¢ Arthur M. Claflin About New.
Numerical grade: 80case.70stamp.70mica. = 220 Because somedays you're the windshield, and some days you're the bug, the Hodder-Bowers Book has numbered the 90¢ Burnett's and the1¢ Claflin both HB-89, so we'll call this first Claflin HB-89a. This cataloger has always considered and continues to consider Claflin to be the rarest of the 34 Encased Postage merchants. This piece is the Jim Ruddy example, which this cataloger sold to him in 1980. It sold three additional times in the ensuing 20 years, and it wound up in the Frederick Mayer Collection. This piece is very comparable to the One Cent example in the Western Collection, and interestingly, it has a wrinkle across the stamp on exactly the same angle as the Western Collection example. The case is a beautiful AU with a fair amount of silver behind the letters. The stamp is very nearly fully fresh, and it is problem free save for the wrinkle. The mica has a crack at the lower right, but it is clean and unobtrusive. When we handled this piece in 1980, it sold for $10,000. Reed reports 22 auction appearances for One Cent Claflins, and all the references and experts agree that it is the only collectable denomination. Reed considers it an R-8 (five to ten known.) We feel five is about right. The Hodder-Bowers reference says "Fewer than five 1¢ pieces are known." And the Stack's catalog estimates five to ten with the caveat, "The exact number known is uncertain." Whether the true count is four or seven, this is still the most "common" of the Claflins. The Hodder-Bowers reference estimates fifteen known examples of this merchant for all denominations combined.
From The Frederick Mayer Collection

12763

HB-91 EP-71 Scott-61 Reed-CL05 5¢ Arthur M. Claflin Choice About New.
Numerical grade: 85case.85stamp.70mica. = 240 A wonderful example that was previously Lot 451 from the Stack's June 2004 Western Collection sale. The case is a gorgeous About New with about 60% of its silvering remaining. The stamp is beautifully centered and fully fresh. The mica, although it is crystal clear in direct light, has two flaws: a minor craze at the lower right and a somewhat larger craze and crack running from the top into Jefferson's hair. Reed considers this 5¢ Claflin as an R-9, meaning two to four known. His auction census shows twelve appearances in 104 years. The Hodder-Bowers book states that there are two or three known, and we know of only this piece and one other. Whether the count is two or three, this is likely to be the only buying opportunity for a Five Cent Claflin for years to come. Frederick Mayer paid $14,950 for this piece over three years ago, and we anticipate that number's being easily eclipsed this evening.
From The Frederick Mayer Collection

12764

HB-92 EP-108a Scott-62 Reed-CL10 10¢ Arthur M. Claflin Very Fine.
Numerical grade: 60case.60stamp.80mica. = 200 Reed lists this piece as an R-9 and comments, "Two known." We know of two pieces: Frederick Mayer acquired this example from Early American's February 2001 sale where it was Lot 771, and Stack's sold a piece in June 2004. The Reed book and the Stack's 2004 catalog both mention the existence of a third piece impounded in the Western Reserve Historical Society Collection. Interestingly, Reed's auction-census data show only three appearances in his 1891-1994 census period, a number that usually indicates a unique piece. This piece is quite respectable, with a sound case that has been lightly cleaned at one time and has a few minor spots. The stamp is a hair toned, with a little light soil, and the mica is perfectly clear, with just a few very minor crazes at the outer edges. The Stack's 2004 piece, which had a partially exposed stamp, realized $7475. This piece cost Frederick Mayer nearly twice as much to acquire as the Stack's piece realized. Stack's mentioned this example as the finer of the two in their 2004 description of the lesser encasement.
From The Frederick Mayer Collection

12765

HB-93 EP-144 Scott-63 Reed-CL12 12¢ Arthur M. Claflin Choice Extremely Fine.
Numerical grade: 75case.70stamp.75mica. = 220 A solid XF with a nice, natural golden brass color to the case, a stamp that has held most of its color and a clear mica with a touch of crazing at its outer edges. Mr. Mayer obtained this piece from the June 2004 Stack's sale. It realized $16,100, the second-most expensive piece in the sale. In that catalog it was called, "Extremely Rare: there may be only two of these known, but we have seen none offered for sale in recent memory and cannot offer a firmer estimate of rarity." Fred Reed did not assign a rarity rating, showing only five auction appearances over 104 years. Generally, the census for this piece is considered to be two: this example and the 1941 Dunham Collection example. However, many of the pieces in the Stack's 6/04 sale, where Mr. Mayer acquired this, were ex-Dunham. The photography in the Dunham sale was haphazard at best, and it is quite possible that this is the Dunham piece, even though it does not match the photo. Whether unique or one of two, this piece is one of the most significant items in this definitive collection, and it could easily reach or exceed...
From The Frederick Mayer Collection

12766

HB-94 EP-72 Scott-64 Reed-CO05 5¢ H. A. Cook Extremely Fine.
Numerical grade: 65case.70stamp.65mica. = 200 A handsome piece, with a solid, natural light-tan colored case, a well centered stamp that has retained much of its color and a mica that although it has taken some circulation hits remains substantially clear. The Five Cent Cook is the rarer of the two denominations. Reed considers it to be an R-8 (five to ten known.) The Hodder-Bowers book states, "...fewer than six specimens have been traced." The Stack's 2004 Western Collection Sale stated, "Very rare: there may be only about six of these known, making this the rarer of the two Cook denominations." The Dunham Collection was missing this denomination, but the 1967 Lilly Sale (likely the Stack's '04 piece) and the 1969 Perl Sale (Lot 1020, this piece) each had one. In this cataloger's 1980 fixed-price list, we had two 10¢ Cooks and no 5¢. We think the five to eight range is accurate for this important rarity.
From The Frederick Mayer Collection

12767

HB-95 EP-108 Scott-65 Reed-CO10 10¢ H. A. Cook Choice Extremely Fine.
Numerical grade: 70case.70stamp.70mica. = 210 The Ten Cent is the "common" Cook. Rated as an R-7 in Reed (eleven to fifteen known), the Hodder-Bowers reference concurs with, "About twelve 10¢ pieces are known." And the Stack's June 2004 sale also agreed with "Rare: while this may be the most collectable of the two Cook encasements, the total number of 10¢ pieces known is still under fifteen." It's an unusually nice example, with a natural mid-brown case with lighter highlights on the letters. The mica is very substantially clear, with just a short crack between the "N" and "T" of "CENTS," at the bottom right. The stamp is centered a bit to the right but is very nearly fully fresh. With this merchant's producing only two denominations for a combined total of fewer than 20 known, this is a very difficult piece to obtain for a merchant set.
From The Frederick Mayer Collection

12768

HB-96 EP-12 Scott-66 Reed-DO01 1¢ Dougan Choice Extremely Fine.
Numerical grade: 80case.80stamp.80mica. = 240 The One Cent Dougan is considered an R-7 by Reed (eleven to fifteen known), a number that everyone seems to agree is about accurate. The Hodder-Bowers reference feels that the 1¢ is represented by "fewer than ten" pieces. Our feeling is that ten is about right. Fred Reed's 104-year auction census shows 40 appearances of One Cent Dougans, which is exactly the same as the Three Cent. This piece is a beauty, with the light brass-colored case totally free of problems. The stamp is fresh and very well centered. The mica is clear, with two tiny internal flecks and a few natural striations. This piece was the Lilly example, sold by Stack's on December 6, 1969. In that catalog, where it was photographed both sides, they described it as, "Extremely Fine, choice... far superior to the Lilly specimen which fetched $240.00." The Lilly sale was in 1967. This piece, two years later, realized $270.
From The Frederick Mayer Collection

12769

HB-97 EP-41 Scott-67 Reed-DO03 3¢ Dougan About New.
Numerical grade: 85case.20stamp.50mica. = 155 The case is a beauty. It's fully AU, with a glossy, deep mahogany surface with natural, deep red highlights behind the hat and letters. Viewed from the hat side, this is the nicest of Frederick Mayer's Dougans... don't turn it over. The stamp is faded and badly stained, with three dark areas killing its appearance. The mica has a few cracks and minor crazes. If you are forming a merchant set for exhibit, this piece has the look of a $5000 encasement from the merchant side.
From The Frederick Mayer Collection

12770

HB-97 EP-41 Scott-67 Reed-DO03 3¢ Dougan Extremely Fine.
Numerical grade: 65case.65stamp.70mica. = 200 The case is a nice, even medium tan, and it is totally problem free. The mica is clear save for two minor crazes at the lower right. The stamp shows a touch of soil and has toned down a bit. This denomination, along with the One Cent, are the collectable Dougan Encasements. This is a perfect representative example.
From The Frederick Mayer Collection

12771

HB-98 EP-73 Scott-68 Reed-DO05 5¢ Dougan Extremely Fine.
Numerical grade: 70case.65stamp.60mica. = 195 The case is a solid XF with a nice, even medium tan color and no flaws. The stamp is rotated within the case, and it is a bit faded. The mica has a crack and crazed area from Jefferson's chin to the lower right. This is the Arnold Perl specimen Sold by Stack's on December 6, 1969. It was Lot 1021 in that sale, described, "Extremely Fine. Stamp is crooked. Very rare firm in this denomination." Reed's auction census shows 21 appearances of Five Cent Dougans, which of course includes multiple reappearances. He estimates the 5¢ to be an R-8+ (five to seven.) We are in agreement, as is the Hodder-Bowers reference and the Stack's June 2004 catalog.
From The Frederick Mayer Collection

12772

HB-99 EP-109 Scott-69 Reed-DO10 10¢ Dougan Choice Extremely Fine.
Numerical grade: 80case.75stamp.85mica. = 240 The Ten Cent Dougan is acknowledged by all references and experts as being the toughest known denomination for this rare merchant. The Dunham Collection had only a Three Cent; Perl had a One Cent, Three Cent and Five Cent; and Lilly had all four denominations, commenting on the Ten Cent, "Stated to be unique." Reed's 104-year auction survey shows eleven Ten Cent Dougan appearances, and he considers the piece to be an R-9 (two-three known.) The Hodder-Bowers book conjectures "Fewer than five." We personally know of four: the Stack's 6/2004 piece, the two here in the Mayer Collection and one other. This piece was acquired as Lot 1390 in Kagin's February 1988 Long Beach sale. It's a beautiful piece, with a problem-free medium brown case that has lighter highlights behind the hat and letters. The stamp is reasonably fresh, and the mica is about as good as they get. It's clear, with traces of minor separations visible only under angled light.
From The Frederick Mayer Collection

12773

HB-99 EP-109 Scott-69 Reed-DO10 10¢ Dougan Very Fine.
Numerical grade: 50case.70stamp.60mica. = 180 The case has a considerable amount of actual circulation wear, but is totally problem free and an attractive light brass color. The mica and stamp have held up incredibly well on this piece which had to circulate for quite some time for the letters to flatten as they did. The stamp has all its color, and the mica shows only a few minor marks at its outer edge that detract not at all from this wholesome and very rare piece.
From The Frederick Mayer Collection

12774

HB-100 EP-13 Scott-70 Reed-DR01 1¢ Drake's Plantation Bitters Choice About New.
Numerical grade: 85case.80stamp.70mica. = 235 A common encasement, rated as an R-2 (51-100) by Reed, which is no doubt accurate. This is a particularly nice piece. The case is flawless and with about half of its original silver remaining, all of which is concentrated in the center. This is one of perhaps a dozen encasements we've seen where a different method was used to seal the case. The front of the case reaches onto the beading all the way around, and has been sealed in such a way that the final millimeter before the seam is fully flattened. The stamp is fully fresh and nicely centered, the mica has a few laminated areas visible under angled light and a short crack, craze and separation at the lower right from the point of the Franklin vignette to the edge.
From The Frederick Mayer Collection

12775

HB-100 EP-13 Scott-70 Reed-DR01 1¢ Drake's Plantation Bitters Extremely Fine.
Numerical grade: 70case.50stamp.80mica. = 200 Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12776

HB-101 EP-42 Scott-71 Reed-DR03 3¢ Drake's Plantation Bitters Choice New.
Numerical grade: 95case.80stamp.70mica. = 245 Mr. Mayer acquired this piece from a CAA sale a number of years ago where it was described, "This piece, although not rare, is one of the most astounding quality pieces of encased we have ever handled. In fact, this cataloger can recall only one finer example (a 5¢ Shillito) of any issue. The piece has 95% of its original silver, including a considerable amount on the half moons on the face. An extraordinary piece of Encased that should be vigorously pursued by the specialist." We're just as impressed with this piece now as we were last time. The silvering remains even on most of the high points of the letters. The stamp is fresh and well centered, and the mica shows only a few as-made crazes and separations at its very edges but is primarily crystal clear.
From The Frederick Mayer Collection

12777

HB-101 EP-42 Scott-71 Reed-DR03 3¢ Drake's Plantation Bitters About New.
Numerical grade: 80case.80stamp.70mica. = 230 The case is a natural glossy light brass, with touches of silver scattered about. The stamp is fully fresh and almost perfectly centered, and the mica primarily clear, with just two minor crazes at the top right edge behind Washington's head. The 3¢ Drake, along with the 1¢, is a readily available R-2, with nearly 100 pieces known, although they are seldom seen this nice.
From The Frederick Mayer Collection

12778

HB-101 EP-42 Scott-71 Reed-DR03 3¢ Drake's Plantation Bitters Extremely Fine.
Numerical grade: 70case.70stamp.50mica. = 190 The case is lovely and problem free, the stamp is reasonably fresh and the mica, while intact, shows some crazing at the edges and some minor cracks and scratches at its center. Mr. Mayer pedigreed this piece to the Stack's Arnold Perl sale in 1969, and it certainly matches the description of Lot 994. Interestingly, this piece, which was one of the most ordinary in the Perl sale, realized $52.50 nearly 40 years ago. That same sale had a beautiful run of uncirculated Barber Dimes which brought $22.50 to $45.
From The Frederick Mayer Collection

12779

HB-101 EP-42 Scott-71 Reed-DR03 3¢ Drake's Plantation Bitters Very Fine.
Numerical grade: 30case.60stamp.70mica. = 160 The case has been polished to an unattractive glossy bright brass color. Most all of these horror pieces can be traced back to the T. James Clarke Collection. On occasion, one of these gets called "Gold," with the persistent story that Gault gave a gold presentation set to President Lincoln. There is no factual basis whatever for the existence of such a gold set. There is also no factual basis for any connection between Lincoln and Encased Postage. The Stack's June 2004 sale had three gold-plated pieces, but they all contained experimental stamps. These brightly colored brass pieces are neither gold nor presentation. They are also not uncirculated, as they are sometimes called. They are simply improperly cleaned, and highly polished.
From The Frederick Mayer Collection

12780

HB-102 EP-74 Scott-72 Reed-DR05 5¢ Drake's Plantation Bitters About New.
Numerical grade: 80case.75stamp.80mica. = 235 The 5¢ Drake's is a much scarcer piece. Reed rates it as an R-5, indicating 21-30 known, which is about in line with the 70 auction appearances in his 100-plus-year survey period. The case is a natural medium brass color with golden undertones, and the mica is crystal clear under direct light, with only minor separations visible under angled light. The stamp is fresh, but centered high and to the right.
From The Frederick Mayer Collection

12781

HB-102 EP-74 Scott-72 Reed-DR05 5¢ Drake's Plantation Bitters About New.
Numerical grade: 80case.75stamp.70mica. = 225 The case is a gorgeous golden brown, without a hint of a defect. The stamp is fresh, but with a few minor ripples, and the mica is crystal clear over most all of its surface, with a few minor crazes at the lower left. A relatively scarce piece, with about 25 examples known of this denomination.
From The Frederick Mayer Collection

12782

HB-102 EP-74 Scott-72 Reed-DR05 5¢ Drake's Plantation Bitters Extremely Fine.
Numerical grade: 75case.70stamp.70mica. = 215 A less common Drake's denomination, and a solid example. The mica is clear, the stamp reasonably fresh and the case a handsome medium-dark brown.
From The Frederick Mayer Collection

12783

HB-103 EP-75 Scott-72a Reed-DR05RB 5¢ Drake's Plantation Bitters Ribbed Frame About New.
Numerical grade: 80case.80stamp.75mica. = 235 An extreme rarity which Mr. Mayer acquired as Lot 468 of the Stack's June 2004 sale. Reed considers it an R-9 (two to three known) with the additional comment of "two known." The Hodder & Bowers book comments that two to three have been traced. The Stack's catalog said, "As few as five known." We feel that the correct number is three, one of which is permanently impounded in the ANS collection. This piece is a real beauty, with a glossy medium tan case that has a touch of brighter original color behind the letters. The ribbing is extremely bold and easy to see. The stamp is well centered, clean and clear. The mica is crystal clear save for at the very bottom, where there is a bit of minor crazing. An extremely rare piece that Mr. Mayer acquired for $2760 over three years ago.
From The Frederick Mayer Collection

12784

HB-104 EP-110 Scott-73 Reed-DR10 10¢ Drake's Plantation Bitters Extremely Fine, Cleaned.
Numerical grade: 50case.80stamp.60mica. = 190 Ten Cent Drakes are rather scarce, considered by Reed to be an R-5. His auction survey shows 55 appearances in 104 years. This piece has been polished to a reflectively bright, unpleasant brass color. It almost certainly traces this defect to T. James Clarke, a collector who was active in the 1940's and polished his entire collection. The mica has a few minor defects, mostly at the outer edges, and a thin crack near Washington's left eye, but it is substantially clear. The stamp is well centered and fresh.
From The Frederick Mayer Collection

12785

HB-105 EP-111 Scott-73a Reed-DR10 10¢ Drake's Plantation Bitters About New.
Numerical grade: 85case.70stamp.75mica. = 230 Rated as an R-9 by Reed, with the comment, "2-3 known." We are aware of only two, the piece in the Stack's June '04 sale and this example, which can clearly be photo-matched as Lot 372 from the September 1967 Lilly sale. The case is a strong About New, with a large area of silvering remaining in the center. The mica shows some minor marks at its outer edges, but it is very clear. The stamp has a wrinkle, and there is a light stain in Washington's hair. A rare and most important piece that Mr. Mayer acquired for over $7000 several years ago.
From The Frederick Mayer Collection

12786

HB-106 EP-145 Scott-74 Reed-DR12 12¢ Drake's Plantation Bitters Extremely Fine.
Numerical grade: 70case.75stamp.75mica. = 220 The case is a nice medium brass color with little red highlights toward the outer edge. The stamp is fresh and decently centered, although it is a touch to the right. The mica is clear, with nothing but a few minor natural marks at its periphery. Twelve Cent Drake's are rare, rated as an R-8 by Reed (five to ten known.) The Hodder-Bowers reference states, "The 12¢ denomination is very rare, and between four and six specimens are thought to survive today." We suspect the number is six or seven. Few if any are nicer than this handsome piece. Mr. Mayer acquired it from the February 1987 Siegel sale.
From The Frederick Mayer Collection

12787

HB-107 EP-165 Scott-75 Reed-DR24 24¢ Drake's Plantation Bitters Extremely Fine.
Numerical grade: 75case.75stamp.60mica. = 210 Considered an R-9 by Reed (two to three known), the Hodder-Bowers reference states that fewer than four examples are known. We believe three to be the accurate number. The case is a natural light golden tan, and it is free of flaws. The mica has a a thin crack above Washington's head and a few minor separations, but there is no crazing, and it is 100% clear under direct light. The stamp is centered low, but it has good color and no problems. Frederick Mayer paid over $5000 for this piece quite a number of years ago.
From The Frederick Mayer Collection

12788

HB-108 EP-177 Scott-76 Reed-DR30 30¢ Drake's Plantation Bitters Extremely Fine.
Numerical grade: 70case.70stamp.75mica. = 215 The bright orange color of the stamp is outstanding, as is its centering. The mica has a few minor circulation-caused marks, some crazing at the edges and a small stained area behind Franklin's head. The case is a medium tan, with almost no signs of circulation, but there are a few areas of darker toning towards the bottom. Considered an R-9 by Reed, indicating two or three known. We know of three: this piece and two others, all about the same quality.
From The Frederick Mayer Collection

12789

HB-109 EP-185 Scott-77 Reed-DR90 90¢ Drake's Plantation Bitters Very Fine.
Numerical grade: 60case.75stamp.75mica. = 210 Although this is certainly a major rarity, Drake's is one of the more available 90¢ encasements. Reed considers it an R-8+, indicating five to seven known. We are aware of five: the Stack's June 2004 sale had two, and we know of two others plus this piece for a total of five. There very likely is at least one other. Reed' auction census shows thirteen appearances in 104 years, slightly more than either the 24¢ or 30¢ of this merchant. This one has seen some circulation, but it has remained problem free. The case, though lightly worn, is defect free, the mica has a few minor crazes at its outer edges but is perfectly clear, and the stamp has retained most all of its blue color but is centered to the left. A solid, problem-free example of an important rarity.
From The Frederick Mayer Collection

12790

HB-111 EP-43 Scott-79 Reed-EM03 3¢ Ellis McAlpin & Company Extremely Fine.
Numerical grade: 80case.40stamp.75mica. = 195 An extreme rarity, considered an R-9 by Reed. The Hodder-Bowers reference agrees, with the statement, "The 3¢ value is extremely rare, with fewer than four pieces thought to survive." The Stack's June 2004 catalog in consistent, "Extremely rare: there are only about three or four of these known." The Stack's piece was brightly polished and lacquered. It was almost certainly the Dunham example, as the Dunham Collection was bought in its entirety, prior to Mehl's June 1941 sale, by T. James Clarke, who polished all of the pieces. Mr. Mayer's piece, offered here, was previously Lot 995 of the Stack's December 1969 sale of the Perl Collection. It was described there, "Extremely Fine. Traces of luster on the reverse. Mica quite nice but stamp faded." We believe this to be the finest known in spite of the faded stamp. The highly polished Stack's '04 piece realized just under $2000.
From The Frederick Mayer Collection

12791

HB-112 EP-76 Scott-80 Reed-EM05 5¢ Ellis McAlpin & Company Extremely Fine.
Numerical grade: 80case.75stamp.70mica. = 225 The Five Cent Ellis McAlpin is listed by Reed as an R-8 (five to ten known), which is very likely accurate. The Hodder-Bowers book states, "We know of only four 5¢ pieces, one of which is permanently impounded in the Western Reserve Historical Society." The Stack's June 2004 sale had two pieces, one of which was highly polished, and the other unpolished but lacquered. Their rarity opinion was, "Very Rare: there may be only five or six surviving." This piece, which was previously Lot 1023 of the Perl Collection, and prior to that, Lot 337 of the Lilly Collection, is very likely the finest known. The case has about 50% of its original silvering remaining, the mica is clear, with just a touch of minor crazing at the outer edges and the stamp has lost only a bit of its original color. A very important rarity.
From The Frederick Mayer Collection

12792

HB-112 EP-76 Scott-80 Reed-EM05 5¢ Ellis McAlpin & Company Very Fine.
Numerical grade: 65case.75stamp.60mica. = 200 A second example of this very rare piece. The case shows some circulation wear, but it's totally defect free and an attractive medium golden-tan color. The stamp is a bit off-center but fresh, and the mica has a few minor cracks and crazes but is substantially crystal clear.
From The Frederick Mayer Collection

12793

HB-113 EP-112 Scott-81 Reed-EM10 10¢ Ellis McAlpin & Company Extremely Fine.
Numerical grade: 75case.40stamp.60mica. = 200 Reed considers this Ten Cent McAlpin to be an R-5, meaning 21 to 30 known. The Hodder-Bowers reference disagrees by a considerable amount, which is rather unusual. Both references generally agree. Hodder and Bowers state, "Six specimens of the Ten Cent denomination have been traced, two of which are in institutional collections." We lie in between, and suspect that eight or ten of these are known. Reed's auction census indicates the 10¢ to be the most common of the McAlpin's, with 53 appearances (including repeats) between 1891 and 1994. No other denomination has had as many as 30 appearances. Whatever the exact rarity, this is certainly a rare encasement. The Stack's June 2004 sale had only a problem piece. The piece we are offering from the Mayer Collection has its highs and lows. The case is high grade, attractive and problem free. It has a minor manufacturing defect at the edge which appears to be a small clip. The mica has some surface marks but is substantially clear, and the stamp is dull, with some small stains. We auctioned this piece once before, and Mr. Mayer paid $1750 for it.
From The Frederick Mayer Collection

12794

HB-113 EP-112 Scott-81 Reed-EM10 10¢ Ellis McAlpin & Company Extremely Fine.
Numerical grade: 75case.70stamp.70mica. = 215 A very handsome example of this important rarity. Mr. Mayer attributed this piece to Stack's February 1969 sale, and although we lack the catalog, every one of his verifiable pedigrees has been correct, and we suspect that this one is too. The case is a medium brown with some wear on the central letters (the high point) and virtually none at the edges. The mica has a few minor crazes at the top edge and some circulation marks on its surface, but it remains clear. The stamp is perfectly centered and just a little off its full color. Quite possibly the finest known Ten Cent McAlpin.
From The Frederick Mayer Collection

12795

HB-114 EP-146 Scott-82 Reed-EM12 12¢ Ellis McAlpin & Company About New.
Numerical grade: 80case.80stamp.60mica. = 220 A beautiful and very rare piece. Reed's auction survey shows only thirteen examples, including heavy duplication. His rarity rating of R-9 indicates two to four known. The Hodder-Bowers reference feels "Two or three," and the Stack's June 2004 catalog, which offered two pieces, stated, "Four or five." We believe four is the correct number. This one is a beauty, with a glossy, medium brown high-end case that shows virtually no circulation. The stamp is as nice as any Twelve Cent we've seen. The mica is clear, but it has two areas of minor crazing: one in Washington's hair and the second on his shoulder.
From The Frederick Mayer Collection

12796

HB-115 EP-166 Scott-83 Reed-EM24 24¢ Ellis McAlpin & Company Very Fine.
Numerical grade: 60case.65stamp.65mica. = 190 Surprisingly, the 24¢ is one of the most common denominations for this merchant. Reed shows 24 auction appearances in his 104-year survey period, and considers it to be an R-8, with five to ten examples known. The Stack's June 2004 catalog considers the piece "Ten to a dozen," and we tend to agree. It is actually one of the more available of the 24¢ encasements. The case is quite dark, with minor corrosion at the seam. The mica is clear, but with a number of surface marks, and the stamp is toned down.
From The Frederick Mayer Collection

12797

HB-115 EP-166 Scott-83 Reed-EM24 24¢ Ellis McAlpin & Company Very Fine.
Numerical grade: 65case.70stamp.85mica. = 220 The case show a little wear but is problem free. The stamp has excellent color but is quite off center to the right. The mica is extraordinary, with only minor surface marks and one miniscule craze about the right tab. A nice example of a very scarce high denomination.
From The Frederick Mayer Collection

12798

HB-116 EP-14 Scott-84 Reed-EV01 1¢ G.G. Evans About New.
Numerical grade: 75case.80stamp.85mica. = 240 This is the single nicest Evans that we have had the pleasure of examining. It has a high-grade case with a nice medium color and lighter original highlight behind the letters. The mica is extraordinary and just about defect free. The stamp is beautifully fresh and very well centered. This encasement was the plate piece for the Hodder-Bowers reference book. One Cent Evans pieces are rated as R-7 by Reed (11 to 15 known.) It is really, in spite of its rarity, the only readily collectable denomination of this very scarce merchant. Evans encasements do not contain the cardboard insert common to all other merchants pieces. Consequently, the micas are almost always pushed in to some extent. This piece has avoided that completely, although it also lacks the cardboard (drop any other encasement and an Evans encasement from about an inch high onto a hard surface, and the difference can be readily heard.) One of the highest quality pieces in Mr. Mayer's incredible collection is made even more so by the fact that Evans examples are rarely found nice.
From The Frederick Mayer Collection

12799

HB-117 EP-44 Scott-85 Reed-EV03 3¢ G.G. Evans Extremely Fine.
Numerical grade: 75case.75stamp.50mica. = 200 A handsome Evans piece and a rare one at that. The case is a high-end XF with a nice natural color and no problems whatsoever. The stamp is well centered and fresh. The mica is substantially clear, although it has two cracks and some crazing at the bottom. The mica has a slightly "pushed in" appearance at the bottom, which is very typical for Evans pieces, as they lack the cardboard behind the stamp. Reed considers this to be an R-7, the same as the One Cent piece. In our opinion, these 3¢ Evans are quite a bit scarcer than the One Cent. Reed's auction census indicates comparable rarity (One Cent = 53 appearances; Three Cent = 48 appearances), yet Three Cent pieces are rarely seen. The Hodder-Bowers book believes about 20 One Cent examples exist, but that the 3¢ is represented by "Fewer than ten, probably around six." We tend to believe the Hodder-Bowers reference to be the closer to accurate in this instance. The piece offered here was acquired from the February 1969 Stack's sale.
From The Frederick Mayer Collection

12800

HB-118 EP-76a Scott-86 Reed-EV05 5¢ G.G. Evans Extremely Fine.
Numerical grade: 75case.75stamp.65mica. = 215 The Five Cent Evans is a very rare piece. Fred Reed's auction census shows only eight appearances in the 104-year survey period. He rates the piece as an R-9 and comments, "2-3 known." This piece was acquired by Mr. Mayer, according to his flip, in the February 1988 Long Beach auction of the Kagin Collection. The 5¢ Evans was one of the very few pieces missing from the Stack's June 2004 sale of the Western Collection which, up until that time, had been the finest Encased collection ever formed. The case is a medium golden tan, with brighter highlights behind the letters and no flaws whatever. The stamp has good color, and it is decently centered; the mica has a few minor craze marks at its outer edges but is very substantially clear. An extremely important item, and one of the key lower-denomination pieces in this collection.
From The Frederick Mayer Collection

12801

HB-119 EP-113 Scott-87 10¢ G.G. Evans Choice Extremely Fine.
Numerical grade: 80case.65stamp.80mica. = 225 Unique to our best knowledge, and one of the key pieces in Frederick Mayer's incomparable Encased Postage collection. Reed's auction-census data show only four appearances in his 104-year survey period, and he comments in his rarity chart that there are two known. This piece was lot 374 from the 1967 sale of the Lilly Collection (sale price: $380), and at that time it became part of the Western Collection, where it remained until Stack's June 2004 sale. At that sale, it was Lot 491. In the Stack's auction description, Reed's quote of two known is also mentioned but is questioned. The Hodder-Bowers reference states, "Presently only one example is known, which was last sold publicly in September of 1967 during the auction by Robert Siegel Galleries of Josiah K. Lilly's collection. It now resides in a noted western collection." If a second example exists, we have no idea where it might be. This piece is gorgeous. The case has claims to the About New grade and is flawless. The mica is also free of the normally seen flaws, but it does have some minor circulation-caused marks on its surface. The decently centered stamp has retained most of its color, but there is a small age spot above Washington's left eye. Mr. Mayer paid $7187.50 for this piece in June of 2004, on a much weaker market.
From The Frederick Mayer Collection

12802

HB-120 EP-15 Scott-88 1¢ Gage Brother & Drake (Tremont House)About New.
Numerical grade: 80case.85stamp.75mica. = 240 The One Cent denomination of this merchant is surprisingly scarce. Fred Reed's auction survey shows only twenty-five appearances from the 1891 through 1994 period, which of course includes heavy duplication. Reed rates the piece as an R-8, indicating five to ten known, a number with which we are in agreement. Mr. Mayer had been unable to obtain this denomination in his decades of collecting until the piece appeared in the Stack's June 2004 sale. This piece, previously Lot 615 from that sale, has a considerable amount of silvering remaining behind the letters. The stamp is beautifully centered and with its full, bright blue color. The mica is clear, with only minor crazing at its outer edges, primarily above the left tab. Mr. Mayer acquired this piece in 2004 for $1265.
From The Frederick Mayer Collection

12803

HB-121 EP-45 Scott-89 3¢ Gage Brother & Drake (Tremont House) Extremely Fine.
Numerical grade: 75case.65stamp.40mica. = 180 A decent example of a very scarce piece, with a total known in the six or seven range. The case is lovely, the stamp is a touch toned down and the mica has a fair amount of crazes and cracks at the top center in and above Washington's hair.
From The Frederick Mayer Collection

12804

HB-121 EP-45 Scott-89 Reed-TH03 3¢ Gage Brother & Drake (Tremont House)Extremely Fine.
Numerical grade: 75case.80stamp.75mica. = 230 An exceptional example of this important rarity, and quite likely the finest known. It is vastly superior to the Stack's June 2004 example. The problem-free case is an attractive medium tan. The mica has a natural as-made ripple but is free from the normal crazes, and the stamp is nicely centered, fresh and clean. Reed considers this Three Cent Tremont House to be an R-8, indicating Five to Ten known. But his 104-year auction census shows only eighteen total appearances, generally indicative of a piece with three or four examples known. We know of only five, and suspect the actual number of survivors to be six or seven.
From The Frederick Mayer Collection

12805

HB-122 EP-77 Scott-90 Reed-TH05 5¢ Gage Brother & Drake (Tremont House)Choice About New.
Numerical grade: 90case.80stamp.80mica. = 250 One of the very highest quality encasements in Mr. Mayer's incredible collection. The back of the case is nearly 100% silvered, with the silver remaining even on the high points of many of the letters. There is also a touch of silver on the front tabs. The stamp is fresh and nicely centered, and the mica is beautifully clear, with only minimal surface marks. Very few examples of Encased Postage boast even vaguely comparable quality. This Five Cent along with the Ten Cent are the only two easily collectable denominations from this merchant. Considered an R-2 by Reed, indicating 51 to 100 known.
From The Frederick Mayer Collection

12806

HB-122 EP-77 Scott-90 Reed-TH05 5¢ Gage Brother & Drake (Tremont House)About New.
Numerical grade: 80case.85stamp.60mica. = 225 A lovely example of this common denomination. The case has about 90% of its silvering, including minute traces on the front tabs. The stamp is fresh and gorgeous, but the mica shows some crazing at the top and a thin crack into Jefferson's forehead.
From The Frederick Mayer Collection

12807

HB-123 EP-114 Scott-91 Reed-TH10 10¢ Gage Brother & Drake (Tremont House)Extremely Fine.
Numerical grade: 75case.80stamp.65mica. = 220 The 10¢ Trement House is the most available denomination of the merchant. But comparatively few high-grade pieces are known. This one is one of the nicest we've seen. It has a natural, glossy, medium tan case with some red highlights. The stamp is beautifully centered and quite fresh, and the mica shows just a single unobtrusive crack at the top center and a minor crazed area above Washington's shoulder.
From The Frederick Mayer Collection

12808

HB-123 EP-114 Scott-91 Reed-TH10 10¢ Gage Brother & Drake (Tremont House)Extremely Fine.
Numerical grade: 70case.50stamp.80mica. = 200 Another example of this common denomination, rated as an R-2 (51 to 100) in Reed. The case is a problem-free XF, with a nice, natural medium gold color. The stamp is toned and with some surface soil, and the mica is exceptionally nice, with none of the normal flaws, and just a touch of circulation-caused surface scratches.
From The Frederick Mayer Collection

12809

HB-123 EP-114 Scott-91 Reed-TH10 10¢ Gage Brother & Drake (Tremont House)Very Fine.
Numerical grade: 60case.70stamp.65mica. = 195 The case shows a fair amount of wear from actual circulation use but it is problem free. The stamp is a tad toned down but with virtually perfect centering. The mica is clear, but it has a short crack at the upper-left edge and a minor dent below the left tab.
From The Frederick Mayer Collection

12810

HB-123 EP-114 Scott-91 Reed-TH10 10¢ Gage Brother & Drake (Tremont House)Very Fine.
Numerical grade: 60case.20stamp.50mica. = 130 The case shows some wear and it has been cleaned, though traces of silver still remain behind a few of the letters. The stamp is severely toned and heavily soiled. The mica, while it lacks the normally-seen defects, has an unusually scratchy surface.
From The Frederick Mayer Collection

12811

HB-124 EP-119 Scott-91a Reed-TH10 10¢ Gage Brother & Drake (Tremont House) Ribbed Frame Extremely Fine.
Numerical grade: 70case.75stamp.70mica. = 215 The case is a glossy mahogany color, with a small dent above the "I" of Chicago, but no other flaws. The stamp is very well centered, with good color remaining, and the mica is clear, but it has a short crack at the top center and a craze below the right-hand tab. This excessively rare Ribbed Frame Tremont House encasement is unique in collectors' hands. This Ten Cent value is also the only Ribbed Tremont House of any denomination. Hodder-Bowers, Reed, the Stack's '04 catalog and this cataloger all agree that the census is two: this piece and the piece permanently impounded in the American Numismatic Society's collection. Mr. Mayer never had the opportunity to own a Ribbed Tremont House until this piece appeared as Lot 623 of the Stack's sale of the Western Collection. It realized $4140 at that sale, over three years ago.
From The Frederick Mayer Collection

12812

HB-125 EP-147 Scott-92 Reed-TH12 12¢ Gage Brother & Drake (Tremont House) Extremely Fine.
Numerical grade: 75case.80stamp.65mica. = 220 This Twelve Cent Tremont House in an extremely rare piece. The Hodder-Bowers book says, "The Twelve Cent value is an extreme rarity in the series; only two specimens can be accounted for presently." The Stack's June 2004 catalog felt that fewer than five pieces were known, and possibly just three. Fred Reed considers it an R-9, meaning two to four known. We know of only three examples. Frederick Mayer has noted on his flip that this piece is ex-Perl, Lot 1072. That lot was not photographed, and the catalog description is ambiguous, but every one of Mr. Mayer's verifiable pedigrees was correct, and we suspect this indeed is the Perl specimen. It's a lovely piece, with a solid XF medium-brown, problem free case. The stamp is exceptional, with fresh colors and decent centering. The mica is clear, but the top layer has separated. The mica underneath (the mica in Encased Postage stamps is usually five or more layers thick) remains fully intact. The area affected by the separation is from Washington's chin to the bottom of the piece. This minor flaw may have caused the "Dented" comment in the Perl catalog description.
From The Frederick Mayer Collection

12813

HB-126 EP-16 Scott-93 Reed-JG01 1¢ J. Gault About New
Numerical grade: 80case.75stamp.75mica. = 230 Considered to be an R-7 by Fred Reed, indicating eleven to fifteen examples known, this One Cent Gault is unpriced in the Hodder-Bowers reference, and the authors give their opinion in the text that fewer than fifteen are thought to survive. This one is certainly one of the finest of those survivors. The case is fully About Uncirculated and problem free. The stamp is a brilliant blue, with just the lightest of tone in the white areas of the Franklin portrait, and the mica is perfect save for a few nearly invisible imperfections at the edges. A gorgeous example.
From The Frederick Mayer Collection

12814

HB-127 EP-17 Scott-93a Reed-JG01 1¢ J. Gault Ribbed Frame Choice About New
Numerical grade: 85case.80stamp.80mica. = 245 This piece represent a wonderful combination of very high quality and extreme rarity. Reed considers this One Cent Ribbed to be an R-9, indicating two to four known. His 104-year auction survey counts eleven appearances for this One Cent ribbed. The Stack's June 2004 sale of the Western collection lacked an example of this piece, as did the Lilly, Perl and Dunham sales. This encasement is in spectacular condition, and in fact is one of the finest overall pieces in the Mayer collection. The case is a flawless About New, with a very high percentage of the original silvering remaining. The ribbed face of the case is cleanly produced, with the ribbing pronounced. The stamp is well centered and very nearly fully fresh. And the mica is flawless save for a tiny craze mark at the very edge below the left tab. This is the only EP-17 that we have handled or seen. We know of no other, and the fact that it was missing from the Western Collection speaks volumes for its rarity. Without a doubt one of the premier pieces from this landmark collection.
From The Frederick Mayer Collection

12815

HB-128 EP-31 Scott-94 Reed-JG02 2¢ J. Gault "Black Jack" Extremely Fine.
Numerical grade: 75case.75stamp.70mica = 220 Only three examples of this 2¢ Black Jack are known. The Arnold Perl specimen, the piece in Stack's June 2004 sale of the Western Collection and this piece from Stack's May 1971 Massachusetts Historical Society Collection. When sold in 1971, the piece was described as, "Listed but not priced in Friedberg. Almost a twin to the Perl specimen sold by us in December of 1969 at $2100. Very Fine, with a few light rim dents. The mica on this specimen is a trifle better than Perl's." At that sale, this piece realized $1900, a very solid price at that time. It is likely that these Black Jacks were relatively contemporary to the Regular Issue Gault encasements. Whether they were produced by Scovill at Gault's order or produced elsewhere has always been a matter of conjecture within the hobby. The "Black Jack" stamp (so called as it is printed in black and portrays the head of President Andrew Jackson. The Black Jack stamp was not issued until July 1, 1863 - well after most or all of Gault's Encased pieces had been produced. It is unlikely that an "Experimental" piece would have been produced at the end of the Encased era rather than at the beginning. These Black Jack's have always been highlights of Encased Postage collections, whatever their source. Reed refers to them as, "Enigmatic." The cataloger of the June '04 Stack's sale stated, "It is unknown whether any Black Jacks were put into encasements by Scovill at Gault's order." They also observed "...the issue was known to be rare and desirable nearly a century ago, suggesting that it has the authenticity of age. The case is sound, with a few minor dents to the rim. The stamp has very good color, with a few light spots. The mica is completely clear, but it has two crazed areas: one at the top center at the very edge, and a second slightly larger below the left tab. The Stack's June '04 example realized over $18,000 three years ago, and we expect this piece to do about the same.
From The Frederick Mayer Collection

12816

HB-129 EP-46 Scott-95 Reed-JG03 3¢ J. Gault Choice About New
Numerical grade: 90case.75stamp.75mica. = 240 This piece was previously Lot 997 from the December 1969 sale of the Arnold Perl Collection. It's a denomination that is far scarcer than one might expect. Reed correctly considers it an R-8: five to ten known. It has about the same number of auction appearances as the One Cent and Ninety Cent in Fred Reed's 1891 through 1994 auction survey. The rather surprising numbers are 45 One Cent, 44 Three Cent and 43 Ninety Cent. It must be remembered that these numbers are all-inclusive, with heavily repeated appearances. This piece is a beauty, with a very nearly uncirculated case that has a nice, natural light brass color. The stamp is very nicely centered, and quite, although not fully, fresh. The mica is free from cracks or serious marks and it is completely clear, but a separation between layers can be seen by Washington's face when the piece is angled in the light.
From The Frederick Mayer Collection

12817

HB-130 EP-47 Scott-95a Reed-JG03 3¢ J. Gault Ribbed Frame About New
Numerical grade: 75case.65stamp.80mica. = 220 The case is a golden tan, and it is very high grade, perfect but for a few spots toward the top. The stamp is perfectly centered but a bit faded. The mica has two tiny disruptions: one above Washington's head and another below the point of Washington's bust. Both are at the very edges. Fred Reed has traced thirteen auction appearances for this Ribbed Frame 3¢ Gault in his 104-year auction survey. He considers the piece to be an R-8+ (five to seven known.) The Hodder-Bowers book says, "Fewer than six," and the Stack's June 2004 catalog referred to this number as, "Extremely rare: there appear to be about five of these known." We personally know of two: this piece, which was previously Lilly Lot 310 and then Perl Lot 998, and the Stack's June 2004 Western Collection piece. Two others have been reported to us, and we believe the census is four. A handsome and highly important piece.
From The Frederick Mayer Collection

12818

HB-131 EP-78 Scott-96 Reed-JG05 5¢ J. Gault Choice About New.
Numerical grade: 85case.90stamp.90mica. = 265 About as close to uncirculated as any piece of Encased Postage that we've seen. The case is nearly 100% silvered on the back, the stamp is beautifully fresh and very nicely centered and the mica is about as near to perfection as these ever come. A common piece, but quite rare in this condition. In the current market, condition rarity in Encased Postage is not particularly important. In all of numismatics, this is one of the very few, if not the only remaining area where the nicest pieces do not bring multiples of the not-quite-the-nicest pieces. Should Encased Postage attract the eyes of condition-conscious collectors, this will be a piece you wished you had bought.
From The Frederick Mayer Collection

12819

HB-131 EP-78 Scott-96 Reed-JG05 5¢ J. Gault Choice About New.
Numerical grade: 80case.80stamp.60mica. = 220 This Five Cent plain frame is the second most common of the Gault pieces. Both it and the Ten Cent are rated R-1 by Reed (101+ known.) This piece has over 90% of its silvering remaining on the back, and there are even some traces of silver on the left face tab. The stamp is beautifully fresh and virtually perfectly centered. The mica has a few short cracks and some craze marks, the worst of them at the upper left, away from Jefferson's head.
From The Frederick Mayer Collection

12820

HB-131 EP-78 Scott-96a Reed-JG05Y 5¢ J. Gault Ribbed Frame Brown-Yellow Stamp Extremely Fine.
Numerical grade: 75case.75stamp.65mica = 215
This unique item is accompanied by a copy of its August 10, 1987 P.F. Certificate #0174100. It is mentioned on page 31 of the Hodder-Bowers book, "The five-cent buff ('yellow-brown'), Scott-67, was in use in August 1861 and could have been encased also. To date, only one known specimen has been found, sold in Robert Siegel Galleries' sale of February 26, 1987." This is that piece. The Ribbed Frame case is tightly and perfectly closed, with a golden brass coloration to the back. There are a few tiny dents on the right-hand tab, the stamp is beautifully centered with its distinct color readily visible. The mica is clear, but it shows a few dents to the top layer. Mr. Mayer obtained this piece privately from his agent, who bought it from the collector who had purchased it from the 1987 Siegel sale. His flip indicates a purchase price of $12,000, and every one of his verifiable prices has proven to be completely accurate. A piece of extraordinary importance, particularly to Encased collectors on the stamp-hobby side of the fence.
From The Frederick Mayer Collection

12821

HB-132 EP-79 Scott-96a Reed-JG05RB 5¢ J. Gault Ribbed Frame Choice About New.
Numerical grade: 85case.80stamp.70mica. = 240 A beautiful example of the Ribbed Frame type. This piece has ninety-plus percent of its original silvering remaining. It's particularly unusual to find a Gault piece with this much silver. There are no raised letters on the backs of Gault pieces, and the letters did much to protect the silvering. On these plain-back Gault pieces, the silvering wore away almost immediately. Reed considers the Five Cent Ribbed Gault to be an R-4 (31-40 known), a number with which we pretty much agree. This number is the most common of any Ribbed Frame Encased Postage, which makes it an ideal example to represent the type. The case is pristine, the stamp beautifully fresh but centered a hair to the left, and the mica with the normal minor crazing at its edges.
From The Frederick Mayer Collection

12822

HB-132 EP-79 Scott-96a Reed-JG05 5¢ J. Gault Ribbed Frame About New.
Numerical grade: 75case.75stamp.75mica. = 225 A handsome example of this basic Ribbed Frame type. The back of the case has about 80% of its silvering, and it is defect free. The stamp has nearly full color and is quite well centered, and the mica shows only the most minor of imperfections.
From The Frederick Mayer Collection

12823

HB-132 EP-79 Scott-96a ReedJG05RB 5¢ J. Gault Ribbed Frame About New.
Numerical grade: 75case.80stamp.80mica. = 235 The case is a light brass color, with no defects. The stamp is well centered and very fresh, and the mica is clear, with none of the normal craze marks and just a few minor surface imperfections. A handsome piece, and a fine example of the Ribbed Frame type.
From The Frederick Mayer Collection

12824

HB-132 EP-79 Scott-96a Reed-JG05RB 5¢ J. Gault Ribbed Frame Extremely Fine.
Numerical grade: 75case.85stamp.80mica. = 240 An unusually nice example of this Ribbed Frame Gault piece. The Five Cent Ribbed Gault is the most common of any of the ribbed-frame pieces. This example has a case that has a lighter stained area on the back. The stamp is flawless save for its centering, which is skewed, and the mica is extremely nice, with no mentionable faults.
From The Frederick Mayer Collection

12825

HB-133 EP-116 Scott-97 Reed-JG10 10¢ J. Gault About New.
Numerical grade: 85case.75stamp.60mica. = 220 The case is a beautiful, glossy light brass, the stamp is a shade toned down and the mica has a few of the normal defects at its edges as well as a bit more surface marks than typically seen. This Ten Cent Gault is rated as an R-1 by Fred Reed, indicating over 100 known. Our opinion is that this Ten Cent edges out the Five Cent as the most common of the J. Gaults. A very nice example for type.
From The Frederick Mayer Collection

12826

HB-133 EP-116 Scott-97 Reed-JG10 10¢ J. Gault About New.
Numerical grade: 70case.60stamp.60mica. = 190 The case is a solid About New, but it appears to have been cleaned at one time, and it is a somewhat unnatural brassy color. The stamp is fresh, but it has picked up some soil, and the mica is cracked and crazed along the bottom third, but it remains primarily clear.
From The Frederick Mayer Collection

12827

HB-133 EP-116 Scott-97 Reed-JG10 10¢ J. Gault About New.
Numerical grade: 75case.80stamp.65mica. = 220 The case is a handsome About New, with a natural medium brown color. The stamp is fresh and perfectly centered. The mica is clear, but there are some crazes and separations at the bottom, and a natural crease passes diagonally just through Washington's chin.
From The Frederick Mayer Collection

12828

HB-133 EP-116 Scott 97 10¢ J. Gault About New.
Numerical grade: 80case.65stamp.80mica. = 225 A very nice example of this common piece. Reed considers it to be an R-1, indicating over 100 examples are known. However many are known, the Five and Ten Cent Gaults are among the most common of all the encasements. This one is a solidly representative example, with the case and mica being very upper end. The stamp has a few small imperfections including, strangely, a small hole in Washington's hair that clearly was present prior to encasement, as the mica covering it is flawless. Mr. Mayer attributes this piece as having been Lot 1052 from the 1969 Arnold Perl Collection sale.
From The Frederick Mayer Collection

12829

HB-133 EP-116 Scott-97 Reed-JG10 10¢ J. Gault About New.
Numerical grade: 85case.80stamp.65mica. = 230 About 60% of the original silvering remains on the back, something which is not often the case with Gault pieces. Definitive information is lacking as to what percentage of which issues were or were not silvered. Clearly, a very small percentage of Gault's own pieces had this visual enhancement, as the recessed letters of Gault's name and patent date on his pieces would have retained the silvering with ease. Many very high grade Gault pieces have not a trace of silver in the recessed letters. This piece, interestingly, has its silvering centered high, with the bottom edge unsilvered. It certainly could have worn off in this pattern, but as the patent date at the top is fully silvered in its recesses and there is not a trace at the bottom (in Gault's name), it appears this piece was only partially silvered. The stamp is fresh and very well centered, and the mica is clear, but it does have a few crazes as well as a small crack above the left tab.
From The Frederick Mayer Collection

12830

HB-133 EP-116 Scott-97 Reed-JG10 10¢ J. Gault About New.
Numerical grade: 85case.80stamp.60mica. = 225 The case is a natural light tan, with original bright brass color in some of the recessed letters. The stamp is fresh and well centered; the mica is clear, but it has a few crazed areas and a crack from above the left tab to Washington's nose. An attractive high-end piece.
From The Frederick Mayer Collection

12831

HB-134 EP-117 Scott-97a Reed-JG10RB 10¢ J. Gault Ribbed Frame About New.
Numerical grade: 80case.85stamp.65mica. = 230 Rated as an R-6 by Reed, indicating sixteen to twenty known, which we think may be a hair on the low side. This is the second most common of any Ribbed Frame Encased Postage. Mr. Mayer paid a bit of a premium for this piece, because the back is rotated ninety degrees. Our opinion has been and continues to be that the premium for fully and partially rotated backs on Encased Postage is simply silly. Production standards were lax at best, and the only reason rotated backs have ever been mentioned in catalogs is, in our opinion, for the lack of something else to say. This piece has a lovely About New case, an exceptional stamp, both in color and centering and a rather average mica, with some crazing and minor cracks in the vicinity of the left tab.
From The Frederick Mayer Collection

12832

HB-134 EP-117 Scott-97a Reed-JG10RB 10¢ J. Gault Ribbed Frame About New.
Numerical grade: 80case.65stamp.80mica. = 225 A very nice Ribbed Frame Ten Cent, with a natural light brass problem-free case, virtually devoid of circulation. The stamp is toned down, but not unpleasantly so, and the mica is exceptional, with just the most minor of surface flaws.
From The Frederick Mayer Collection

12833

HB-135 EP-148 Scott-98 Reed-JG12 12¢ J. Gault Extremely Fine.
Numerical grade: 75case.60stamp.70mica = 205 This is the most common Twelve Cent encasement. Reed rates it as an R-4, indicating 31 to 40 pieces known, which may be a tad on the high side, but there are certainly close to 30. This one has a decent problem-free case, a toned stamp and a mica that is free of meaningful problems, although it has a lot of surface marks.
From The Frederick Mayer Collection

12834

HB-135 EP-148 Scott-98 Reed-JG12 12¢ J. Gault Extremely Fine.
Numerical grade: 80case.60stamp.70mica = 210 A nice example of the most common of the Twelve Cent Encased Postage pieces. The case is problem free, the stamp is a bit dull and it has a light brown stain on Washington's face, and the mica lacks meaningful problems but has heavy surface marks and minor crazes.
From The Frederick Mayer Collection

12835

HB-136 EP-149 Scott-98a Reed-JG12RB 12¢ J. Gault Ribbed Frame About New.
Numerical grade: 80case.60stamp.60mica = 200 The case is handsome and problem free, with pronounced ribbing on the front frame. The stamp is a bit dull, and the mica has a few more crazes and separations than we like to see, although it does remain substantially clear. A very rare variety, with possibly four or five examples known.
From The Frederick Mayer Collection

12836

HB-136 EP-149 Scott-98a Reed-12RB 12¢ J. Gault Ribbed Frame Extremely Fine.
Numerical grade: 80case.80stamp.70mica = 230 Reed considers this Ribbed Frame 12¢ J. Gault to be an R-9, which means that he believes there are two to four known. This piece was previously Lot 505 from the Stack's June 2004 sale, where they commented, "Extremely Rare: it is likely that fewer than five of these survive." Reed's 1891-1994 auction survey indicates an even dozen appearances for this number, which likely interprets to two or three known. The case is a handsome, natural light brass color with the ribbing on the face pronounced. The stamp is beautifully centered, with strong color, and the mica is clear, with a few crazes at its outer edges and some minor separations when turned in the light.
From The Frederick Mayer Collection

12837

HB-137 EP-167 Scott-99 Reed-JG24 24¢ J. Gault About New.
Numerical grade: 85case.80stamp.85mica = 250 The most common of the 24¢ pieces is this one, issued by John Gault. This encasement is in extraordinary condition, with a high-grade golden olive case, a well centered, boldly printed stamp and a mica that is crystal clear, with only the most minor of surface contact marks. This would be an ideal piece for a denomination set. Reed considers the 24¢ Gault to be an R-4, indicating 31 to 40 known. As with the 12¢, we think that number may be a bit generous, and we believe the total to be more like 25. Be that as it may, for this denomination, the Gault piece can be considered common. Outstanding grade... one of the nicest 24¢'s of any merchant we've seen.
From The Frederick Mayer Collection

12838

HB-137 EP-167 Scott-99 Reed-JG24 24¢ J. Gault Extremely Fine.
Numerical grade: 75case.70stamp.75mica = 220 This piece was previously Lot 1078 of the December 1969 sale of the Arnold Perl Collection. It's quite the nice example, with a high-end problem-free case, an attractive stamp that has kept most of its color and a clear mica with just minor crazes at its outer edges. The most common of the 24¢ encasements, this is an excellent piece for a denomination set.
From The Frederick Mayer Collection

12839

HB-138 EP-168 Scott-99a Reed-JG24RB 24¢ J. Gault Ribbed Frame Extremely Fine.
Numerical grade: 75case.65stamp.75mica = 215 Fred Reed considers this variety to be an R-9 with the comment, "2 known." We believe the correct number to be five: the two pieces in the Stack's June '04 sale, the two examples in this collection and one other. The case is light brass, with a slightly lighter-colored rectangular area at the center. The ribbing on the front side of the case is extremely deep and pronounced. The stamp, as is often the reality with this denomination, has faded, but it remains distinct. The mica is free of any meaningful problems, but there are a number of separations visible when the piece is turned in the light, and there is a small craze above the right tab.
From The Frederick Mayer Collection

12840

HB-138 EP-168 Scott-99a Reed-JG24RB 24¢ J. Gault Ribbed Frame Extremely Fine.
Numerical grade: 55case.95stamp.95mica = 245 Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12841

HB-139 EP-178 Scott-100 Reed-JG30 30¢ J. Gault Extremely Fine.
Numerical grade: 50case.75stamp.70mica = 195 As with the 12¢ and 24¢, this 30¢ J. Gault is among the most common Thirties in the series. However, common in the 30¢ denomination still means pretty darn scarce. Reed considers this piece to be an R-6, indicating sixteen to twenty examples known. We feel twenty or so is probably just about right. This piece would be quite a nice example were it not for a single annoying defect: A large "H" has been lightly scratched into the blank central area of the back. The stamp has somewhat muted color, but it retains decent orange. The mica is clear save for some very minor crazes and a short crack, in the top layer only, at the top of Franklin's forehead.
From The Frederick Mayer Collection

12842

HB-139 EP-178 Scott-100 Reed-JG30 30¢ J. Gault Extremely Fine.
Numerical grade: 65case.80stamp.80mica = 225 The case has a strange manufacturing defect at its left, where it appears the metal was scored for cutting. It affects only the back portion and not the rim, and is clearly pre-production. Save for that defect, the dark, natural colored case is fully as nice as the exceptional stamp and mica. A common Thirty as a J. Gault, but a rare denomination. This piece was formerly Lot 1082 from the December 1969 Arnold Perl Collection sale, where it was referred to as, "Mica in excellent condition. Very rare, especially so choice."
From The Frederick Mayer Collection

12843

HB-139 EP-178 Scott-100 Reed-JG30 30¢ J. Gault Extremely Fine.
Numerical grade: 80case.80stamp.70mica = 230 Frederick Mayer was very fond of these rare 30¢ pieces, and when genuine, problem free examples became available, he was quick to acquire and keep them. This J. Gault Thirty Cent is a solid, problem free high-end example. The case is flawless for the grade, with a handsome, natural olive-gold tone. The stamp is only a touch down from it full color, and the mica is perfectly clear save for a tiny craze at the top center edge. A premium example of this very scarce denomination.
From The Frederick Mayer Collection

12844

HB-139 EP-178 Scott-100 Reed-JG30 30¢ J. Gault Extremely Fine.
Numerical grade: 65case.75stamp.80mica = 220 The case has been lightly cleaned, but it is otherwise flawless. The stamp is perfectly centered, with decent but not quite full color, and the mica is crystal clear with its only problem being a small craze immediately below the left tab. A very nice example of this elusive high denomination.
From The Frederick Mayer Collection

12845

HB-140 EP-179 Scott-100a Reed-JG30RB 30¢ J. Gault Ribbed Frame Extremely Fine.
Numerical grade: 75case.70stamp.60mica = 205 Fred Reed considers this 30¢ Gault to be an R-9, with the additional comment, "Two known." That would be consistent with his 104-year auction survey results showing nine appearances. The June '04 Stack's sale had the other known example, where they also made the comment that there were two known. Both that piece and this are genuine beyond any hint of suspicion. And both are about equal in quality. This piece has a problem-free case, with easily seen ribbing on the front. The stamp has its fairly strong orange color, but the white portions are a bit muted. The mica is very substantially clear, but there is a crack running from the bottom left across Franklin's shoulders to the back of his hair. An extreme rarity.
From The Frederick Mayer Collection

12846

HB-141 EP-186 Scott-101 Reed-JG90 90¢ J. Gault Extremely Fine.
Numerical grade: 75case.70stamp.75mica = 220 This 90¢ J. Gault is considered an R-8 by Reed, indicating five to ten examples known. We know of six, and suspect the full census is eight to ten. As rare as this piece is, it is still the most common 90¢. This piece was previously Lot 1084 from the Stack's December 1969 sale of the Lilly Collection. Their description read, "Mica in remarkable condition. Probably one of the finest known. Surely one of the highlights of the Perl collection. Considering that a 90¢ piece of this company realized $1350.00 in the Lilly auction, this great rarity should now exceed $1500." It certainly did, realizing an enormous $2900, even more than Mr. Perl's 2¢ Black Jack ($2100.) The case has a minor dent on the front right tab, and a manufacturing defect on the center portion of the back, both of which are only worth mentioning as photo identifiers tying this piece as the Perl lot. The stamp is not fully fresh, but it retains excellent color and clarity. The mica has no meaningful flaws, but it shows minor between-layer separation when the piece is rotated in the light. Not a lot of 1969 numismatic auction items will sell for less than ten times their 1969 price. This historic and highly important piece almost certainly will.
From The Frederick Mayer Collection

12847

HB-144 EP-48 Scott-103 Reed-HO03 3¢ L.C. Hopkins & Co. Extremely Fine.
Numerical grade: 75case.75stamp.60mica. = 210 Although the Three Cent is the most common of the Hopkins pieces, it is itself an important rarity, with fewer than eight examples known in all grades. This particular piece is the second finest we know of. The case is a lovely XF, flawless save for a tiny stain at the "C" in L.C. Hopkins; the stamp is well centered and reasonably fresh and the mica primarily clear, though it does have a few cracks and crazes, the worst of which is a chip on Washington's neck. This piece was previously
Lot 311 from the September 1967 Siegel sale of the Lilly Collection.
From The Frederick Mayer Collection

12848

HB-145 EP-80 Scott-104 Reed-HO05 5¢ L.C. Hopkins & Co. Choice About New.
Numerical grade: 90case.90stamp.75mica. = 255 An extremely rare piece, considered an R-8+, indicating five to seven known by Reed. The cataloger of the Stack's '04 sale, which also had a lovely example, stated, "Extremely rare: we suspect there are only about five of these known." We know of four: the two nice ones comprise this piece (ex-Spinks 3/85) and the Stack's Western Collection piece. The two others cannot compare for quality. This piece has a very nearly fully silvered case, including the front rim and tabs. The stamp is well centered and 100% fully bright. A few minor disturbances on the crystal-clear mica hold this from being the finest-quality piece in the sale.
From The Frederick Mayer Collection

12849

HB-146 EP-117a Scott-105 Reed-HO10 10¢ L.C. Hopkins & Co. Choice Extremely Fine.
Numerical grade: 80case.85stamp.85mica. = 250 A wonderful combination of rarity and quality. This benchmark collection has two of the three known pieces. This one is the finer of the two. The case is a lovely natural medium brass color, with silver behind nearly all the letters. The stamp is very nicely centered and beautifully fresh, and the mica is exceptional, with no cracks or crazes whatsoever. The Reed auction survey census shows only eleven auction appearances of Ten Cent Hopkins pieces. When reappearances over the century-plus period are considered, that number is very consistent with the three known survivors. Interestingly, all three are solid, problem free examples. This piece has a slight edge over the western-collection example, which according to Stack's had "lightly laminated" mica and a "somewhat toned down" stamp. Even Mr. Mayer's duplicate, the third of the three quality wise, is in outstanding condition.
From The Frederick Mayer Collection

12850

HB-146 EP-117a Scott-105 Reed-HO10 10¢ L.C. Hopkins & Co.
Extremely Fine.
Numerical grade: 75case.85stamp.70mica. = 230 The Ten Cent Hopkins is a major rarity. Mr. Mayer's piece traces its history to the June 1984 Bowers sale of the Jim Ruddy Collection. Fred Reed considers it an R-9, indicating 2-3 known; we know of Mr. Mayer's two pieces, the 6/04 Stack's piece (the Western Collection) and no others. This example is a solid XF, with a pleasing natural olive gold color to the case. The stamp is beautifully centered and very fresh, and the mica is almost entirely clear, with just a single craze at the lower right over the "TS" of CENTS.
From The Frederick Mayer Collection

12851

HB-149 EP-49 Scott-107 Reed-IH03 3¢ Irving House - Hunt & Nash About New.
Numerical grade: 85case.75stamp.75mica. = 235 This plain frame Irving House Three Cent is a highly important rarity. Fred Reed rates is as an R-8+, indicating five or six known. The Stack's June 2004 Western Collection Sale commented, "Extremely Rare: we know of about five of these, but note none sold publicly in years." The Stack's '04 piece was apparently ex-Clarke, as it was cleaned, polished and lacquered. This example, which is ex-Arnold Perl, Lot 1000, is vastly its superior. The back has over 90% of its original silvering including silvering across the tops of most letters, where it wore off the fastest. The stamp is quite fresh for a 3¢, and the mica is crystal clear save for a short crack at the lower right. As the Ribbed Frame 3¢ Irving House is even rarer, this plain frame 3¢ becomes an extremely significant piece. It realized $175 in 1969, indicating some savvy buyers were present at that sale.
From The Frederick Mayer Collection

12852

HB-150 EP-49a Scott-107a Reed-IH03RB 3¢ Irving House - Hunt & Nash Ribbed Frame About New.
Numerical grade: 75case.75stamp.80mica. = 230 An extreme rarity which Reed considers to be an R-9 and comments, "Two known." This is the only example we are aware of. There was none in the Stack's June '04 sale, nor the Lilly, Perl or Dunham sales. It's a very nice piece, with the typical light-brass color that is often seen on these early-produced Irving House pieces. The stamp is just a touch toned, and the mica is flawless save for a few minor internal separations visible when the piece is turned in the light. Irving House is one of the few merchants where there are enough Ribbed Frame pieces of varied denominations to clearly demonstrate that this variety was deliberately ordered by the merchant.
From The Frederick Mayer Collection

12853

HB-151 EP-81 Scott-108 Reed-IH05 5¢ Irving House - Hunt & Nash Very Fine.
Numerical grade: 60case.75stamp.75mica. = 210 This piece, which is the rare plain frame Five Cent Irving House, is one of just seven or eight examples known. It was previously Lot 1027 from Stack's December 1969 sale of the Arnold Perl Collection. It was fussed over in that sale as being "The rare variety with right side up reverse... normally seen with an upside down reverse." They went on to say, "According to Mr. Perl's research on this encased stamp, this is the only example known so assembled." As Irving House was the earliest customer of John Gault, their encasements were produced somewhat randomly. They lack the beaded border around the rim of the back, the patent date and Gault's name appear far larger than on any other pieces, and they are fairly often found with inverted reverses. This ex-Perl piece, with its upright reverse, is simply not a big deal for its orientation. It is, however, a very rare piece, and one of the finest known of its type. We believe it to be second only to the Stack's 6/04 piece. The case shows a fair amount of wear on the back, but it is problem free on that side. The face shows some minor denting of the tabs. The stamp is quite fresh, and the mica has none of the normally seen problems, and it is crystal clear unless rotated under a light, when some minor separation between layers becomes visible.
From The Frederick Mayer Collection

12854

HB-152 EP-82 Scott-108a Reed-IH05RB 5¢ Irving House - Hunt & Nash Ribbed Frame About New.
Numerical grade: 85case.80stamp.70mica. = 235 This Five Cent Irving House is actually far more common in this Ribbed Frame variety than it is in the plain frame. Reed considers this to be an R-4, indicating 31 to 40 pieces known, and we feel that may be just a tad high, though we would not be at all surprised if the accurate census were at least 25. This is an exceptional quality example, with a very high-end case that has a touch of silver remaining behind the letters in the center. The stamp is extremely fresh, but centered a drop to the lower left. The mica is clear and problem free save for a small craze immediately above the left hand tab. This is the most common of any ribbed frame piece, and with its high quality it would be an excellent choice for a type set.
From The Frederick Mayer Collection

12855

HB-152 EP-82 Scott-108a Reed-IH05RB 5¢ Irving House - Hunt & Nash Ribbed Frame About New.
Numerical grade: 80case.80stamp.65mica. = 225 The case on this Ribbed Frame Five Cent Irving House has over half its original silvering remaining. The stamp is beautifully fresh, and the mica is clear but with a few problems. There is a small craze above Jefferson's head, and a tiny piece of mica is missing through to the stamp just below the right tab. Mr. Mayer attributed this piece as Lot 345 of the 1967 Siegel sale of the Lilly Collection. The description certainly makes it appear so.

From The Frederick Mayer Collection

12856

HB-152 EP-82 Scott-108a Reed-IH05RB 5¢ Irving House - Hunt & Nash Ribbed Frame Extremely Fine.
Numerical grade: 75case.90stamp.80mica. = 245 An exceptional condition example of this relatively common Ribbed Frame variety. The case is a solid XF with the typical light-brass color found on Irving House pieces. It has two minor stains: one at the center, and one above the first at the top. The stamp is beautifully fresh and ideally centered, and the mica has no cracks or crazes, only a single minor separation at the lower left that becomes visible when the piece is rotated in a strong light. A superb example of the Ribbed Frame type.
From The Frederick Mayer Collection

12857

HB-153 EP-118 Scott-109 Reed-IH10 10¢ Irving House - Hunt & Nash Extremely Fine.
Numerical grade: 75case.70stamp.55mica. = 200 A second example of this rare Ten Cent plain frame piece, this one was previously lot 1054 from the 1969 sale of the Arnold Perl collection. The solidly XF case has the normal lighter brass color associated with Irving House. The stamp is a bit dull, and the mica has some crazing and a crack to the upper right of Washington's head.
From The Frederick Mayer Collection

12858

HB-153 EP-118 Scott-109 Reed-IH10 10¢ Irving House - Hunt & Nash Extremely Fine.
Numerical grade: 75case.60stamp.75mica. = 210 This Ten Cent plain frame Irving House is considerably rarer than its Ribbed Frame counterpart. Fred Reed considers it an R-8+, indicating five to seven known, a number with which we agree. In auction appearance over a 104-year period, there have been 33 appearances of Ten Cent Plain Frame Irving House pieces and 73 appearances of Ribbed Frame examples. These numbers of course include massive duplication, but they serve very nicely to show proportionate rarity. This piece has a back with the typical light brass Irving House color, though it is somewhat darker toward the middle. The stamp has two light stains, and it is a bit soiled. The mica is problem free and quite nice. The back is assembled upside down relative to the face. This is seen throughout Encased Postage, but it is much more common on Irving House than on any others.
From The Frederick Mayer Collection

12859

HB-154 EP-119 Scott-109a Reed-IH10RB 10¢ Irving House - Hunt & Nash Ribbed Frame About New.
Numerical grade: 85case.75stamp.75mica. = 235 Mr. Mayer had a particular fondness for the Irving House Issues, and he studied them rather extensively. Consequently, there is a fair amount of duplication. In spite of this Ribbed Frame Irving House's being a rather scarce piece (Reed R-5, 21-30 known), there are five in this collection. This one, the first of the five, has an upright back that is in extraordinary condition for the heavily used Irving House issue. It is fully About New, with a hint of original color behind some of the letters. The Ribbed Frame face of the case is flawless, the reasonably fresh stamp is perfectly centered and the mica shows only the normal surface marks and some extremely minor crazing at its outer edges. A very exceptional example of this scarce piece.
From The Frederick Mayer Collection

12860

HB-154 EP-119 Scott-109a Reed-IH10RB 10¢ Irving House - Hunt & Nash Ribbed Frame About New.
Numerical grade: 75case.70stamp.80mica. = 225 The second of Mr. Mayer's five HB-154's. Again, with a fully upright back. The stamp is a bit toned but quite acceptable, and the mica is exceptional, with only the most minor separations visible at certain angles of light.
From The Frederick Mayer Collection

12861

HB-154 EP-119 Scott-109a Reed-IH10RB 10¢ Irving House - Hunt & Nash Ribbed Frame Extremely Fine.
Numerical grade: 80case.70stamp.75mica. = 225 This piece, Mr. Mayer's third example of the type, has the inverted reverse that is far more commonly found on Irving House than on any other merchant. The case is problem free, with the light brass "Irving House" color. The stamp is a hair dull, and the mica is above average with only very minor flaws.
From The Frederick Mayer Collection

12862

HB-154 EP-119 Scott-109a Reed-IH10RB 10¢ Irving House - Hunt & Nash Ribbed Frame About New.
Numerical grade: 80case.55stamp.70mica. = 205 Yet another example, this one with a right-side-up high grade case that has the typical light color and no problems whatsoever. The stamp is a bit dull, with a few dark spots, and the mica is clear, but it has more than the usual separation when turned in the light, and there is a craze at its lower left.
From The Frederick Mayer Collection

12863

HB-154 EP-119 Scott-109a Reed-IH10RB 10¢ Irving House - Hunt & Nash Ribbed Frame Extremely Fine.
Numerical grade: 65case.75stamp.80mica. = 220 The final Ten Cent Ribbed Frame Irving House, this one has the upright back, although it is slightly rotated. The case has been cleaned, and some jewelers rouge remains behind the letters. Both the mica and the stamp are nicer than usual.
From The Frederick Mayer Collection

12864

HB-155 EP-150 Scott-110 Reed-IH12 12¢ Irving House - Hunt & Nash Choice Extremely Fine.
Numerical grade: 80case.80stamp.70mica. = 230 Previously Lot 526 of Stack's June 2004 sale, where it was referred to as, "Extremely Rare: there may be as few as five, or so, known." This is certainly one of the finest, if not the finest known. The case is a natural glossy tan and brown, the stamp is fresh and the mica is perfect save for very minor lamination at the outer edges. As is typical for Irving House, the alignment of the back was carelessly done, in this "case" at a 45-degree angle.
From The Frederick Mayer Collection

12865

HB-155 EP-150 Scott-110 Reed-IH12 12¢ Irving House - Hunt & Nash Extremely Fine.
Numerical grade: 75case.50stamp.75mica. = 230 Another example of this rarity, this one has a perfectly upright back with the normal, lighter brass Irving House color. The stamp is rather toned, and the mica clear and problem-free save for a medium-length cracklike flaw, which appears as though it may be natural, at the lower left.
From The Frederick Mayer Collection

12866

HB-156 EP-151 Scott-110a Reed-IH12RB 12¢ Irving House - Hunt & Nash Ribbed Frame Extremely Fine.
Numerical grade: 75case.65stamp.75mica. = 215 Reed comments, "Two known" for this R-9 piece, but we know for sure of three, and suspect a fourth. A typo in the HB reference causes some confusion about the number of this piece. The EP and HB numbers were flipped in the Hodder-Bowers reference, causing the 5¢ and 12¢ to have the same HB number. In June of 2004, Stack's followed that lead and got the numbers wrong in their catalog. In any event, this is an important rarity. The case is a solid XF, with the back Inverted, as is rather typical of Irving House pieces. The stamp is toned, although not terribly so, and the mica is clear, with a few of the normal separations and minor crazes.
From The Frederick Mayer Collection

12867

HB-157 EP-169 Scott-111 Reed-IH24 24¢ Irving House - Hunt & Nash Extremely Fine.
Numerical grade: 70case.70stamp.85mica. = 225 Considered to be an R-9 by Reed, indicating two to four known. It is unpriced in the Bowers reference, where they comment, "Under three known." To our best knowledge, the correct figure is four. Whatever the exact census, it's safe to say that this piece is rare in the extreme. The case is flawless from the back, with some claim to the About New grade, but there are some minor stains on the face tabs. The stamp is a touch toned down but beautifully centered, and the mica is exceptionally nice and virtually flawless.
From The Frederick Mayer Collection

12868

HB-158 EP-170 Scott-111a Reed-IH24RB 24¢ Irving House - Hunt & Nash Ribbed Frame Extremely Fine.
Numerical grade: 75case.60stamp.60mica. = 195 Reed considers this piece to be at least an R-9, with the comment, "?-2 known." We are sure that there are two, and believe that to be the full census. But the second piece has not been seen by this cataloger. The June 2004 Stack's sale, which until now was the finest collection ever auctioned, did not have an example of this number. Stack's commented, "The only Ribbed Frame 24 Cent piece seen by the cataloger is an alteration, and he suspects this variety may not exist." He clearly had never seen this piece, which is genuine beyond any possible suspicion. That could well leave this piece unique. Reed's auction survey indicates five appearances in 104 years, a number that could indicate one or two pieces. This one has an inverted back that grades very nearly AU. The right front tab has some minor denting. The stamp is faded and a touch soiled, and the mica has a cracked and crazed area at the bottom. A highly significant encasement!
From The Frederick Mayer Collection

12869

HB-159 EP-180 Scott-112 Reed-IH30 30¢ Irving House - Hunt & Nash Extremely Fine.
Numerical grade: 75case.70stamp.75mica. = 220 This piece is listed as unique by Reed. In its June 2004 Stack's sale appearance, the cataloger stated, "Unique. No other either known or even hinted at in a century of research." We certainly agree, as the Western Collection piece (this example) has been known to be unique throughout this cataloger's 45 years in the business. It's a beautiful piece, with the typical Irving House case color and just a few unobtrusive stains on the back. The stamp has all its bright orange color, and it is jut a tiny touch toned in its white areas. The mica has few minor crazes at its outer edges, but it is substantially clear. A very handsome 30¢ piece that is both unique and genuine beyond suspicion. One of the most significant encasements in Mr. Mayer's incomparable collection.
From The Frederick Mayer Collection

12870

HB-161 EP-50 Scott-114 Reed-KG03 3¢ Kirkpatrick & Gault Choice About New.
Numerical grade: 85case.65stamp.90mica. = 240 Three Cent Kirkpatrick & Gaults are surprisingly rare. Fred Reed rates them as R-8, indicating five to ten known, a number which we suspect might be a bit on the high side. This piece, which was previously Lot 532 from Stack's June 2004 sale, is a beauty. The case is a high-end AU, which has almost all its silvering remaining on the back. The mica is about as nice as these ever come. The stamp is lightly toned, and it shows two small holes that were present prior to this piece's production. An important rarity.
From The Frederick Mayer Collection

12871

HB-162 EP-83 Scott-115 Reed-KG05 5¢ Kirkpatrick & Gault Extremely Fine.
Numerical grade: 80case.85stamp.75mica. = 240 This is the most common of the Kirkpatrick and Gault pieces, rated as an R-3 by Reed, which indicates 41 to 50 known. This is a very nice example, with a high-end problem-free case, a beautifully fresh stamp and a clear mica with just a single short crack below the right tab.
From The Frederick Mayer Collection

12872

HB-162 EP-83 Scott-115 Reed-KG05 5¢ Kirkpatrick & Gault Very Fine.
Numerical grade: 65case.70stamp.60mica. = 195 The case shows some wear but is problem free. The stamp has great color but a few darker areas, and the mica has some crazes at its edges and an arc-shaped crack at the bottom right.
From The Frederick Mayer Collection

12873

HB-163 EP-120 Scott-116 Reed-KG10 10¢ Kirkpatrick & Gault About New.
Numerical grade: 85case.80stamp.80mica. = 245 A relatively common piece, which Reed considers an R-5, indicating 21 to 30 examples known, a number with which we agree. The case is gorgeous, with a fair amount of original color behind the letters. Cases which grade this high that have clearly original color, as this piece does, and are without any trace of silvering, even in the deep recesses of the letters, convince us that many pieces were never silvered. This is such a piece. The stamp has its full color, and the mica shows only minor natural flaws and a tiny craze near the right tab. A very nice example for type.
From The Frederick Mayer Collection

12874

HB-163 EP-120 Scott-116 Reed-KG10 10¢ Kirkpatrick & Gault About New.
Numerical grade: 80case.70stamp.80mica. = 230 A handsome example, with a problem-free high-grade case, a reasonably fresh stamp that has a few wrinkles near the left tab and a mica that is flawless save for a tiny crack at the lower right.
From The Frederick Mayer Collection

12875

HB-164 EP-152 Scott-117 Reed-KG12 12¢ Kirkpatrick & Gault About New.
Numerical grade: 80case.75stamp.50mica. = 205 The Kirkpatrick & Gault 12¢ is rated an R-8 by Reed, indicating five to ten examples known. This piece, which was previously Lot 1075 from the 1969 sale of the Arnold Perl Collection, has a lovely high-end case, with considerable silvering remaining at the center. The stamp is centered a bit high and it's slightly aged, and the mica has some separations and two chipped areas where the upper layers of mica are missing, but the lower layers remain intact.
From The Frederick Mayer Collection

12876

HB-164 EP-152 Scott-117 Reed-KG12 12¢ Kirkpatrick & Gault Extremely Fine.
Numerical grade: 75case.75stamp.65mica. = 215 The case is a nice golden brown color, and it is totally problem free. The stamp is a bit toned, and the mica is clear with what appears to be a production-caused disturbance at the lower left. This Kirkpatrick & Gault Twelve Cent is one of the more common examples of this denomination, with about ten pieces known.
From The Frederick Mayer Collection

12877

HB-165 EP-171 Scott-118 Reed-KG24 24¢ Kirkpatrick & Gault Extremely Fine.
Numerical grade: 60case.65stamp.70mica. = 195 The case has been cleaned to a bright brass color. The stamp is somewhat dull, and the mica is free from cracks and crazes, but it has a little bit more surface scratching than normal. The Kirkpatrick & Gault 24¢, while certainly not common, is actually more available than the One, Three and Twelve Cent denominations. Reed considers it to be an R-6, with sixteen to twenty examples known, and we are in agreement with that number. This piece was previously Lot 1080 from the December 1969 sale of the Arnold Perl Collection. Prior to that, it was very likely owned by T. James Clarke, who polished most all of his encasements. Traces of jewelers rouge near the left tab are also indicative of Mr. Clarke's handiwork.
From The Frederick Mayer Collection

12878

HB-165 EP-171 Scott-118 Reed-KG24 24¢ Kirkpatrick & Gault Extremely Fine.
Numerical grade: 75case.80stamp.75mica. = 230 An exceptionally nice example of this very scarce higher denomination. The case has minor touches of silver on the back and a small stain at the right. The stamp, although a tad faded, is extremely nice for a 24¢. The mica is clear, with only three small crazes at its edges: two at the very top and one at the bottom.
From The Frederick Mayer Collection

12879

HB-166 EP-181 Scott-119 Reed-KG30 30¢ Kirkpatrick & Gault Extremely Fine.
Numerical grade: 75case.75stamp.75mica. = 225 This Kirkpatrick & Gault 30¢ piece is rated as an R-6 by Reed, indicating sixteen to twenty known. Along with the J. Gault, this is the most available of the Thirty Cent examples. It's a lovely piece, with a high-end XF case that is problem free save for a few minor dark spots on the rim. The mica is virtually free of surface marks, but it has a small crazed area behind Franklin's head. The orange color of the stamp is fully fresh, but the white areas have aged somewhat. A very nice example for a denomination set.
From The Frederick Mayer Collection

12880

HB-167 EP-187 Scott-120 Reed-KG90 90¢ Kirkpatrick & Gault About New.
Numerical grade: 80case.75stamp.75mica. = 230 This extremely rare ninety-cent denomination piece was previously Lot 544 from Stack's June 2004 sale. The catalogers there referred to the piece as, "Extremely Rare: we believe there are about five to seven of these in existence." Fred Reed agrees, giving this piece an R-8 rating, indicating five to ten known. We believe the correct number is six, but it could just as easily be five or seven. In any event, this is one of the finest known 90¢ examples of any issuer. The case is a lustrous medium brown, the mica is clear save for two tiny crazes at the very bottom right, and the blue stamp is quite fresh. Ninety Cent encasements always bring about the closest of scrutiny, and this piece is one where there is utterly no doubt as to its genuineness. A highly important piece.
From The Frederick Mayer Collection

12881

HB-168 EP-20 Scott-121 Reed-LT01 1¢ Lord & Taylor Extremely Fine.
Numerical grade: 80case.85stamp.65mica. = 235 Somewhat surprisingly, the One Cent Lord & Taylor is a very scarce piece. It is seen with about the same frequency as the 12¢ and 24¢, and it is considered an R-8+ by Fred Reed. This one is exceptionally nice, with an a olive toned case that has a fair amount of light silver remaining. The stamp is well centered and beautifully fresh, and the mica is primarily clear though it has a natural flaw line that looks like a very thin crack running from top to bottom. One of the nicest 1¢ Lord & Taylors we have seen.
From The Frederick Mayer Collection

12882

HB-169 EP-51 Scott-122 Reed-LT03 3¢ Lord & Taylor Extremely Fine.
Numerical grade: 80case.60stamp.65mica. = 225 Three Cent and Ten Cent Lord & Taylor pieces are the most often seen of the merchant. Both of them are considered to be R-6's by Reed, indicating sixteen to twenty known. This one has a high-grade case, with a goodly amount of silvering remaining behind most of the letters. The red color of the stamp has remained strong, but the white areas have aged to a light tan color. The mica is primarily clear, but it has a crack and craze beneath the left tab.
From The Frederick Mayer Collection

12883

HB-169 EP-51 Scott-122 Reed-LT03 3¢ Lord & Taylor Extremely Fine.
Numerical grade: 75case.75stamp.80mica. = 230 A handsome, problem-free piece of one of the only two occasionally available Lord & Taylor denominations. The case is a deep mahogany brown, with some nice natural brass undertones. The stamp is well centered and only slightly faded, and the mica is clear with only very minor crazing at it outer edges.
From The Frederick Mayer Collection

12884

HB-170 EP-84 Scott-123 Reed-LT05 5¢ Lord & Taylor About New.
Numerical grade: 85case.80stamp.80mica. = 245 The case is a glossy medium brown, the stamp is beautifully fresh though centered a bit high and to the right, and the mica has only minor crazes at one of two places at it outer edges. Rare and handsome.
From The Frederick Mayer Collection

12885

HB-170 EP-84 Scott-123 Reed-LT05 5¢ Lord & Taylor Extremely Fine.
Numerical grade: 75case.80stamp.65mica. = 220 The Five Cent Lord & Taylor is considered to be an R-7 by Reed, indicating eleven to fifteen known, a number that we think may be a bit on the high side, as these are seldom seen. The Five Cent in the Western Collection was a highly polished T. James Clarke example. This piece has an olive gold case with a fair amount of silvering remaining. The stamp is fresh, and the mica is clear save for a quarter-inch crack that begins right above the left tab and ends before it can reach Jefferson's portrait.
From The Frederick Mayer Collection

12886

HB-171 EP-121 Scott-124 Reed-LT10 10¢ Lord & Taylor Extremely Fine.
Numerical grade: 75case.70stamp.60mica. = 205 This Ten Cent Lord & Taylor is rated as an R-6 by Fred Reed, indicating sixteen to twenty examples known. This one has a light olive-gold color to the case, a reasonably fresh stamp and a mica with a few more surface problems than usual, but which is substantially clear nonetheless.
From The Frederick Mayer Collection

12887

HB-171 EP-121 Scott-124 Reed-LT10 10¢ Lord & Taylor Extremely Fine.
Numerical grade: 70case.60stamp.60mica. = 190 The case is an attractive golden-tan color, but there is a corrosion spot on the right tab. The stamp is a bit toned down, and the mica has a short crack and a few crazes. The 10¢ is the most available of the Lord & Taylors, and this piece is a solid affordable example.
From The Frederick Mayer Collection

12888

HB-171 EP-121 Scott-124 Reed-LT10 10¢ Lord & Taylor Extremely Fine.
Numerical grade: 80case.75stamp.65mica. = 220 The case is a deep mahogany color at its outer edges, with a large area of silvering remaining in the center. The stamp is a bit dull, and the mica has some surface marks and a crack at the bottom that runs into Washington's jacket.
From The Frederick Mayer Collection

12889

HB-172 EP-153 Scott-125 Reed-LT12 12¢ Lord & Taylor Very Fine.
Numerical grade: 75case.85stamp.85mica. = 205 The degree of circulation wear on the case shows this piece spent a fair amount of time actually moving about in the channels of commerce. Somewhat surprisingly, the stamp and mica have held up beautifully. The stamp has terrific color as well as being nicely centered, and the mica shows no circulation-caused defects whatsoever. It's crystal clear, with just a few very minor natural separations between layers that become visible when the piece is rotated in the light. Fred Reed considers this 12¢ Lord & Taylor to be an R-8, indicating that five to ten examples are known. We agree. A solidly handsome and very rare piece.
From The Frederick Mayer Collection

12890

HB-173 EP-172 Scott-126 Reed-LT24 24¢ Lord & Taylor Extremely Fine.
Numerical grade: 75case.75stamp.75mica. = 225 High denomination Lord & Taylor pieces have long been among the most sought-after items in the Encased Postage field. This one is a solid, problem free example and one of the nicer pieces we've seen. Reed rates this as an R-8, indicating that five to ten examples are known. We suspect the number is closer to the higher end, with likely eight to ten pieces accounted for. This handsome example has a perfect olive-gold case with a tight, even closure all around. The stamp, though is somewhat faded. The mica is problem free save for very minor crazing at its outer edges and a few separations that are visible when the piece is moved in a light source.
From The Frederick Mayer Collection

12891

HB-173 EP-172 Scott-126 Reed-LT24 24¢ Lord & Taylor Extremely Fine.
Numerical grade: 50case.65stamp.85mica. = 200 Unfortunately, the case has been highly polished in the style of the T. James Clarke. It's a particular shame in this instance, as the stamp has decent color and the mica is clear and close to perfect. Fewer than ten examples of 24¢ Lord & Taylors are known, and if you are partial to nice shiny things, you should really like this one.
From The Frederick Mayer Collection

12892

HB-174 EP-182 Scott-127 Reed-LT30 30¢ Lord & Taylor About New.
Numerical grade: 80case.50stamp.75mica. = 205 This handsome 30¢ Lord & Taylor was the Western Collection example
(Lot 552.) Mr. Mayer did not obtain it at that sale, but purchased it in the aftermarket as one of his final purchases. It's just a slight upgrade from his other piece. The case is lovely and problem free. The stamp is perfectly centered but somewhat faded, and the mica shows only minor surface marks from circulation, but no cracks or crazing.
From The Frederick Mayer Collection

12893

HB-174 EP-182 Scott-127 Reed-LT30 30¢ Lord & Taylor Extremely Fine.
Numerical grade: 75case.75stamp.55mica. = 205 A 30¢ Lord & Taylor is an R-9 in Reed. The R-9 designation is two to four known. In our opinion, the correct number is three, two of which are in this collection. Exact counts are very challenging when high denomination pieces are concerned, as a pretty fair number of obvious fakes continually crosses the auction block from early in the last century until 1960 or so, when buyers became, by and large, more savvy and cautious. We are positive of the existence of only two genuine examples: the two being offered here. One of them was the Stack's June 2004 example, from a prominent western collection, which Mr. Mayer purchased in the aftermarket. Beyond these two, we have seen one other that we like. This piece has an attractive, problem-free case with a perfect closure. The stamp is bright orange and just a hair toned in its white portions. The mica has some surface marks, three small cracks and a break above the right tab that exposes a tiny portion of the stamp.
From The Frederick Mayer Collection

12894

HB-175 EP-188 Scott-128 Reed-LT90 90¢ Lord & Taylor About New.
Numerical grade: 80case.85stamp.80mica. = 245 This piece, which was Lot 553 from the Stack's June 2004 sale, was near the top of Mr. Mayer's must-have list. Ninety Cent Lord & Taylors are rated as an R-9 by Fred Reed, indicating two to four examples are known. We are aware of only this example. The catalogers from the '04 Stack's sale called it "excessively rare," and, "We estimate there are only two of these known." The Hodder-Bowers book states, "The 90¢ value rarely appears at auction." And the authors go on to mention that, to their knowledge, the Dunham piece in 1941 was the only auction appearance since 1890! The stamp-centering of the Dunham piece is a perfect photo match with the stamp centering of this piece, and we strongly suspect that this is the Dunham piece. In any event, whether unique or one of two known, this piece is one of the highlights of Mr. Mayer's collection. The case is fully AU, with a handsome natural olive-brown tone. A tiny dent appears at the top of the right tab. The stamp is nicely centered, with all its deep blue color, and the mica is problem free save for one miniscule craze above the left tab. An irreplaceable rarity in extraordinary condition.
From The Frederick Mayer Collection

12895

HB-176 EP-21 Scott-129 Reed-ME01 1¢ Mendum's Family Wine Emporium Choice About New.
Numerical grade: 90case.80stamp.85mica. = 255 This One Cent Mendum's is the most common denomination of the issuer. Reed rates it as an R-4, indicating 31 to 40 examples known. And whatever the exact count, it's safe to say that easily half of the existing Mendum's are One Cent pieces. This one is a beauty, with a heavily silvered (80% plus) case, a well centered, fresh stamp and a mica that is crystal clear under direct light, and shows just minor natural lamination between layers when the light is angled.
From The Frederick Mayer Collection

12896

HB-176 EP-21 Scott-129 Reed-ME01 1¢ Mendum's Family Wine Emporium Choice About New.
Numerical grade: 90case.85stamp.85mica. = 260 The gorgeous case is virtually fully silvered on the back, with minute traces remaining on the front tabs. The stamp is nearly fully fresh as well as very well centered, and the mica shows only the most minor of surface scuffs and a few natural laminations when turned in the light. It is crystal clear under direct light. This is the most common of the Mendum's, but it is very rare this nice.
From The Frederick Mayer Collection

12897

HB-176 EP-21 Scott-129 Reed-ME01 1¢ Mendum's Family Wine Emporium About New.
Numerical grade: 75case.70stamp.50mica. = 195 The back of the case is a glossy medium gold with about 20% of the silvering remaining toward the bottom. The front of the case is lightly spotted. The stamp is reasonably fresh, and the mica, although primarily clear, has a crack through the top of Franklin's head and a very tiny break at the top center. An overall decent example, and the earliest One Cent Mendum's acquired by Mr. Mayer. He attributes it to Stack's February 1969 sale.
From The Frederick Mayer Collection

12898

HB-178 EP-85 Scott-131 Reed-ME05 5¢ Mendum's Family Wine Emporium Choice About New.
Numerical grade: 90case.70stamp.60mica. = 220 This Five Cent Mendum's is the second most common denomination, with a Reed rarity rating of R-6, indicating sixteen to twenty examples known. The case is a high-end AU, with a touch of silver as well as some original mint (factory?) luster behind the letters. The stamp is beautifully centered, with most of its color remaining, and the mica is primarily clear save for a few craze marks and a very small hole right up against the right tab.
From The Frederick Mayer Collection

12899

HB-178 EP-85 Scott-131 Reed-ME05 5¢ Mendum's Family Wine Emporium Extremely Fine.
Numerical grade: 75case.75stamp.65mica. = 215 Mr. Mayer has attributed this piece as Lot 1031 from the December 1969 Stack's sale of the Arnold Perl Collection, and from the description it certainly appears to be. The case is medium golden brown, with a touch of brightness remaining behind several of the letters. The stamp is well centered and reasonably fresh, and the mica has a few minor crazes and some natural rippling. This Five Cent denomination is the second-most common of the Mendums. Reed rates it as an R-6, sixteen to twenty known.
From The Frederick Mayer Collection

12900

HB-179 EP-122 Scott-132 Reed-ME10 10¢ Mendum's Family Wine Emporium Choice About New.
Numerical grade: 85case.85stamp.70mica. = 240 The case is a glossy, medium golden brown that approaches the full uncirculated grade, although there is not a trace of silver. The mica has a few surface flaws and some minor crazing, but it remains almost entirely clear. The stamp is well centered and nearly fully fresh. This is a well balanced, high-end example of a rare piece. Reed considers it to be an R-8, indicating five to ten known. The Hodder-Bowers reference agrees with that count, and the Stack's June '04 sale catalog commented, "Very Rare: there may be as few as ten of these." If this is not the finest of them, it must be awfully close. A wonderful piece.
From The Frederick Mayer Collection

12901

HB-180 EP-123 Scott-132a Reed-ME10 10¢ Mendum's Family Wine Emporium Ribbed Frame About New.
Numerical grade: 85case.85stamp.65mica. = 235 The stamp is 100% fully fresh, and the mica is clear and primarily problem free but for some minor crazing at the far right above and below the tab. The case is a beautiful deep mahogany, with glossy surfaces and a touch of silvering. The ribbing is deep and pronounced. This Ribbed Frame Ten Cent Mendum's is excessively rare. Two examples exist. It had previously been speculated that the Dunham and Lilly Collections both had this same piece, which would have made this piece unique. It is not; the Dunham and Lilly pieces were different, and Mr. Mayer has them both. This piece, which passed through the Western Collection, was acquired by Mr. Mayer from our January '07 sale. It was one of the last pieces he acquired. This Ten Cent piece is the only denomination of Ribbed Frame Mendum's. This cataloger remains convinced that Mendum's did not order any ribbed-frame pieces from Gault, and as with other encased-postage merchants for whom just one or two ribbed examples are known, the existence of these ribbed-frame pieces is due to a lack of conscientiousness on the part of Scovill. The manufacturers did not kick aside the ribbed-frame encasements that were produced incidentally.
From The Frederick Mayer Collection

12902

HB-180 EP-123 Scott-132a Reed-ME10RB 10¢ Mendum's Family Wine Emporium Ribbed Frame Extremely Fine.
Numerical grade: 75case.85stamp.80mica. = 240 Only two ribbed-frame Mendum's exist. Both are Ten Cent pieces, and both are in this collection. The other example has a nicer case, and we have referred to it as the finest known. This piece has a slightly more worn, less attractive case, with red, brown and golden color. The mica and stamp on this piece both have a slight edge over the other, and the true finest known lies in the opinion of the viewer. In any event, this is a lovely, excessively rare piece.
From The Frederick Mayer Collection

12903

HB-184 EP-154 Scott-133 Reed-ME12 12¢ Mendum's Family Wine Emporium About New.
Numerical grade: 80case.85stamp.85mica. = 250 Twelve Cents is the highest denomination of Mendum's, and it is a piece that is rarely seen. The HB number for this piece should be HB-181, but it is typoed in the Hodder-Bowers book. Reed considers it to be an R-8, indicating five to ten pieces known. Six or seven is likely the accurate number, and it is about equal in rarity to the Ten Cent denomination. This example is Lot 1077 from the Arnold Perl Collection, sold by Stack's in December of 1969. Mr. Mayer attributes it as that piece, and it is clear from the photo that it is. The case is fully AU, with primarily golden brown toning with a few darker areas toward the top. The mica is clear and near perfect (in the Perl Collection, it was referred to as "splendid mica.") And the stamp is fresh and beautifully centered. An extremely rare piece that is quite likely the finest known.
From The Frederick Mayer Collection

12904

HB-182 EP-22 Scott-134 Reed-MI01 1¢ B. F. Miles Choice About New.
Numerical grade: 85case.90stamp.80mica. = 255 Miles is considered by many to be the rarest of the Encased Postage issuers. This cataloger feels that Claflin has a very small edge in that department, but Miles is indisputably extremely rare. This One Cent denomination had always been considered unique. In Stack's June 2004 sale, where Mr. Mayer obtained this piece, the cataloger mentions that "a second has been claimed." Fred Reed also states "2 known" in his book. This cataloger has not seen the second piece and is unaware of its whereabouts. Whether unique or one of two, this is an incredibly important piece, as well as one of the finest condition pieces in this collection. Mr. Mayer paid just over $25,000 at the June '04 auction for this piece, and he was justifiably proud of having it in his collection. The case is a high-end About New, with lovely gold and olive brown toning. The stamp is well-centered and 100% fully fresh, and the mica is crystal clear, with just a single meaningless crack at the upper left edge behind Franklin's head. One of the most significant items in this best-ever-formed collection.
From The Frederick Mayer Collection

12905

HB-183 EP-86 Scott-135 Reed-MI05 5¢ B. F. Miles About New.
Numerical grade: 80case.80stamp.70mica. = 230 The Five Cent Miles is the "Collectable" denomination, rated by Reed as an R-8, indicating five to ten known. The case is a lovely AU, with some silvering remaining behind most of the letters. The stamp is beautifully fresh, but a bit off center to the right. The mica has a few contact indentations on its surface and a small craze at the top center above Jefferson's head. This piece was the December 1969 Arnold Perl example, Lot 1032. It is photographed in that catalog, and realized an astounding $360. The Stack's June 04 piece, which was not quite as nice as this example, realized $14,950 and we would expect this nicer piece, three years later, to do considerably better.
From The Frederick Mayer Collection

12906

HB-184a EP-23 Scott-136 Reed-NO01 1¢ John W. Norris Very Fine.
Numerical grade: 60case.70stamp.75mica. = 205 The case is not terribly attractive. It has a large number of small corrosion spots, primarily behind the letters, and it appears to have been cleaned at one time. The stamp is a bit toned and has a spot at the bottom center. The mica has a few minor separations, but it remains clear. The One Cent is the most available denomination of this very rare Chicago merchant. It's rated as an R-8 by Reed, indicating five to ten known, which seems to us to be accurate. In the Hodder-Bowers book, EP-184 was accidentally assigned to both the Twelve Cent Mendums and the One Cent Norris. The typo was on the Mendums, but as that is the earlier (alphabetically) piece, the correction by adding an "a" was made to this number.
From The Frederick Mayer Collection

12907

HB-185 EP-52a Scott-137 Reed-NO03 3¢ John W. Norris Choice About New.
Numerical grade: 85case.80stamp.60mica. = 225 This 3¢ Norris is an extremely rare piece, which Reed considers to be an R-9, indicating two to four known. We know of four, and we believe that to be the full count. This one is a beauty, with a flawless AU case. The case is a light olive gold, with brighter original color behind the letters. The stamp is quite fresh for a Three Cent, and it is very nicely centered. The mica has a chip, crack and craze that runs from the left tab to Washington's nose, but it remains perfectly clear but for that area.
From The Frederick Mayer Collection

12908

HB-186 EP-87 Scott-138 Reed-NO03 5¢ John W. Norris Extremely Fine.
Numerical grade: 80case.75stamp.75mica. = 230 Another extreme rarity, on par with the Three Cent John W. Norris. Reed considers both to be R-9, indicating two to four known, a number with which we agree. The case on this piece is a glossy deep olive gold, with a touch of silver behind some of the letters. The stamp is just a hair toned, and the mica clear under most light, with minor separations visible when rotated in strong light. There is also a tiny craze above the left tab. This piece is from the June 1984 Bowers sale of the James Ruddy collection. Mr. Mayer had noted, "Finest known" on the flip, and it may well be.
From The Frederick Mayer Collection

12909

HB-187 EP-124 Scott-139 Reed-NO10 10¢ John W. Norris Extremely Fine.
Numerical grade: 75case.70stamp.80mica. = 225 A very nice example of this rare merchant. The case is a natural golden tan color and it is absolutely problem free. The stamp is a bit toned, but it is more than acceptable, and the mica is excellent, with only tiny crazes at its outer edges. Reed considers this an R-8+, and we feel the correct census is around ten. We know of only one other as nice as this.
From The Frederick Mayer Collection

12910

HB-187 EP-124 Scott-139 Reed-NO10 10¢ John W. Norris Very Fine.
Numerical grade: 60case.50stamp.10mica. = 120 This Ten Cent Norris is considered to be an R-8+, indicating five to seven known. We think the actual count is likely around ten. This piece was previously Lot 1059 from the December 1969 sale of the Arnold Perl Collection. The case is heavily circulated and somewhat worn. The stamp is quite soiled in the center, where it is uncovered, and the mica is substantially missing, with perhaps 20% present around the edges. This piece will provide an opportunity for the lower-budget collector to add this very rare merchant to his holdings.
From The Frederick Mayer Collection

12911

HB-188 EP-24 Scott-140a Reed-NA01ST 1¢ North America Life Insurance Straight Insurance Choice About New
Numerical grade: 85case.75stamp.75mica. = 235 An outstanding condition example of the most common of the North America Life pieces. The case is a glossy mahogany brown that approaches the uncirculated grade. The stamp has brilliant color, with just a touch of aging on the white areas of Franklin's portrait. The mica has some very minor crazes at its outer edges and an as-made fault across the arc of the top, directly above Franklin's head. A perfect piece to represent either the merchant or denomination. A beauty.
From The Frederick Mayer Collection

12912

HB-188 EP-24 Scott-140a Reed-NA01ST 1¢ North America Life Insurance Straight Insurance Choice About New
Numerical grade: 85case.80stamp.75mica. = 240 A common example, but super quality. The case is a medium tan, glossy and perfectly natural, with darker highlights beneath the letters. The stamp is a brilliant blue, and the fully clear mica has only very minor flaws at three places along the outer edge. A great piece.
From The Frederick Mayer Collection

12913

HB-188 EP-24 Scott-140a Reed-NA01ST 1¢ North America Life Insurance Straight Insurance About New
Numerical grade: 80case.75stamp.70mica. = 225 A handsome example, and the most available of any of the North America pieces. Reed's massive auction summary shows 103 of these, which of course includes heavy duplication. His rarity rating for the piece is R-4, indicating 31 to 40 known, a number with which we agree. Mr. Mayer acquired this piece from a Stack's February 1969 sale. The case is a medium brown, with a fair amount of silvering behind some of the letters. The stamp is nicely centered, with a brilliant blue color and just a touch of soil in one or two places. The mica has some crazing at the edges, as well as two short, thin cracks, but it remains substantially clear.
From The Frederick Mayer Collection

12914

HB-189 EP-24a Scott-140 Reed-NA01CU 1¢ North America Life Insurance Curved Insurance Extremely Fine
Numerical grade: 75case.65stamp.75mica. = 215 Considered an R-6 by Reed, indicating 16 to twenty examples known. This piece has a beautiful golden brass case, with about 20% of its original silver remaining. The stamp is a vivid blue, but the white areas are lightly aged, with a touch of soil. The mica has only minimal marks at its outer edges, and it's crystal clear under direct light. A few natural flaws are visible when the light is angled.
From The Frederick Mayer Collection

12915

HB-189 EP-24a Scott-140 Reed-NA01CU 1¢ North America Life Insurance Curved Insurance Extremely Fine
Numerical grade: 75case.90stamp.90mica. = 255 The scarcer of the two 1¢ varieties, and a very nice example. The case is mahogany, with great detail. The mica is crystal clear and essentially flawless, as good as any we've seen, and the stamp has brilliant color and is quite nicely centered. Save for two minor corrosion spots, one on the "U" of "INSURANCE" and one on the "Y" of company, this would be one of the finest condition pieces in this sale. Even with those minor flaws, this one is still in the top twenty.
From The Frederick Mayer Collection

12916

HB-189 EP-24a Scott-140 Reed-NA01CU 1¢ North America Life Insurance Curved Insurance Extremely Fine
Numerical grade: 70case.75stamp.80mica. = 225 This Curved Insurance piece is quite a bit scarcer than the Straight Insurance, but still it's the third most available of any of the North Americas. The case is a light tan with reddish highlights, the stamp is nearly fully fresh and quite well centered, and the mica shows only very minor flaws at its outer edge and remains completely clear.
From The Frederick Mayer Collection

12917

HB-190 EP-53 Scott-141a Reed-NA03ST 3¢ North America Life Insurance Straight Insurance Extremely Fine
Numerical grade: 75case.60stamp.70mica. = 205 A decent example of one of the more common North America Life varieties. The case is a nice, natural medium tan with no flaws, the stamp is rather faded, and the mica is clear save for one small heavily crazed area at the bottom, to the right of the denomination.
From The Frederick Mayer Collection

12918

HB-190 EP-53 Scott-141a Reed-NA03ST 3¢ North America Life Insurance Straight Insurance Extremely Fine
Numerical grade: 50case.40stamp.60mica. = 150 All three elements have some problems on this piece. The case has about 80% of its original silvering, and it is just fine from the back, but the front tabs are pinched and bent a bit. The stamp is wrinkly and a bit soiled, and the mica, while having avoided major problems, has enough minor problems to affect its clarity. This piece, according to Mr. Mayer, was previously Lot 1005 from the 1969 Arnold Perl sale.
From The Frederick Mayer Collection

12919

HB-190 EP-53 Scott-141a Reed-NA03ST 3¢ North America Life Insurance Straight Insurance Extremely Fine
Numerical grade: 75case.60stamp.65mica. = 200 An R-5 piece in the Reed reference and quite a decent example. The case is multicolored, ranging from light gold to medium brown. There is a touch of silver behind two of the letters. The stamp is somewhat toned down. The mica is clear, but when tilted in the light, some minor separations between layers become apparent.
From The Frederick Mayer Collection

12920

HB-190 EP-53 Scott-141a Reed-NA03ST 3¢ North America Life Insurance Straight Insurance Very Fine
Numerical grade: 60case.70stamp.70mica. = 200 Rated as an R-5 by Reed, indicating 21 to 30 known. We agree with that number; this is the second most available of the North Americas, falling just behind the Straight Insurance 1¢. The case is well circulated but problem free, the stamp is reasonably fresh and decently centered, the mica is clear but at the top of the piece in Washington's hair, the top layer of the mica has separated and the cleaner, clearer underlayer is now exposed. Really not that bad a piece, and one that should prove relatively inexpensive.
From The Frederick Mayer Collection

12921

HB-191 EP-53a Scott-141 Reed-NA03CU 3¢ North America Life Insurance Curved Insurance Extremely Fine
Numerical grade: 70case.60stamp.65mica. = 195 A very rare piece, rated as an R-9 by Reed, indicating two to four known. The Stack's June 2004 sale, where this piece was Lot 575, said, "Extremely rare: we estimate fewer than four of these are known. We have not seen an example sold in years." The Hodder-Bowers book states, "Two or three known." The case is multi-toned from light to very dark brown, with a touch of silver remaining at the center. The stamp is somewhat faded but perfectly centered. The mica has a natural ripple from top to bottom and some crazed areas at the bottom under Washington's portrait. Mr. Mayer paid $1725 for this piece over three years ago.
From The Frederick Mayer Collection

12922

HB-192 EP-88 Scott-142 Reed-NA05ST 5¢ North America Life Insurance Straight Insurance About New
Numerical grade: 80case.70stamp.75mica. = 225 Mr. Mayer obtained this piece from the February 25, 1987 Robert Siegel auction. It was the only piece missing from the North America set in the massive June 2004 Stack's sale of the Western Collection. The Reed auction census shows twelve appearances in the 104-year survey period, and it is likely that this piece is one of just two known. We've not seen another, and we entertain the possibility that this piece may be unique. The case is a medium golden tan, with some reddish highlights. The stamp is rather fresh, with just a lightly stained area on Jefferson's forehead, and the mica is far above average. It's completely clear, with just the typical crazes at the outer edges.
From The Frederick Mayer Collection

12923

HB-193 EP-88b Scott-unl. Reed-NA05CU 5¢ North America Life Insurance Curved Insurance About New
Numerical grade: 75case.75stamp.75mica. = 225 Previously Lot 576 from the Stack's June 2004 sale of the Western Collection, this encasement was acquired for that collection on August 13, 1956 from T. James Clarke. This piece never appeared at public auction sale during the 104-year period that Reed surveyed, and he comments in his rarity table that it "doesn't exist." It does. The piece is a solid, problem free example, with a natural two-tone high grade case, an attractive stamp and a clear mica with only minor crazing at the top and bottom. Both the Curved Insurance and Straight Insurance 5¢ North America pieces are excessively rare, and most major collections have no example of this denomination. Mr Mayer's collection is the first to have both. Few truly unique items exist in Encased Postage or most other numismatic pursuits. This is one of those items, and as it is a piece of Encased Postage rather than a mainstream coin or currency item, it will not realize the seven-figure price one would expect. In fact, though possible, it is unlikely to hit five figures.
From The Frederick Mayer Collection

12924

HB-195 EP-125 Scott-143 Reed-NA10ST 10¢ North America Life Insurance Straight Insurance About New
Numerical grade: 80case.70stamp.80mica. = 230 Reed considers this piece to be an R-8, indicating five to ten known, and we suspect the real number to be in the middle: six or seven. This one is a lovely example, with a very high end golden-tan case that is totally problem free. The stamp is fresh but centered high and to the left, and the mica is crystal clear, with only the most minute of marks.
From The Frederick Mayer Collection

12925

HB-196 EP-125a Scott-143a Reed-NA10CU 10¢ North America Life Insurance Curved Insurance Extremely Fine
Numerical grade: 65case.70stamp.90mica. = 225 Considered an R-9 by Reed, indicating two to four pieces known. We agree with the number, as do the Hodder-Bowers book and the Stack's June 2004 catalog. This piece has a lovely, medium tan case that has two dark areas at the lower left. The stamp is a trifle toned and centered towards the right. The mica is most unusually clean, clear and defect free, showing not a hint of a craze, crack or separation under any angle of light.
From The Frederick Mayer Collection

12926

HB-199 EP-155 Scott-144 Reed-NA12ST 12¢ North America Life Insurance Straight Insurance About New
Numerical grade: 80case.70stamp.80mica. = 230 Reed's auction survey shows the appearance of only seven examples of 12¢ Straight Insurance North Americas over his 104-year survey period. He considers the piece as an R-9, two to four known. The only recent auction appearance of this variety was a far lower quality piece in the Stack's June '04 sale. That piece was described, "The stamp is quite faded... the mica is quite beat up." In that sale, the cataloger stated, "Extremely rare: we estimate the total number of these to be only two or three." We know of only this piece and the Stack's piece, and suspect that these two are the whole census. This one is vastly the better of the two. The case is fully About New, with a healthy splash of silver behind all the letters. The stamp is only a touch toned down, and it's quite well centered. The mica shows only the most minute of flaws, and it is completely clear.
From The Frederick Mayer Collection

12927

HB-200 EP-155a Scott- unl. Reed-NA12CU 12¢ North America Life Insurance Curved Insurance Very Fine
Numerical grade: 50case.80stamp.70mica. = 200 Unlisted in any of the reference works prior to the 1989 Hodder-Bowers book, Reed reports two auction appearances of this number in his 104-year survey, but he question-marks the piece in his rarity table. The HB book listed this encasement as they knew of its existence in the Western Collection. When that collection was sold by Stack's in June of 2004, this piece appeared as Lot 582. Although it is highly polished, the Stack's '04 sale mentions that this encasement came to the Western Collection by way of the Boyd Collection rather than that of Clarke. While that pedigree is likely correct, it seems possible that Boyd obtained the encasement from Clarke, as these highly polished cases were Clarke's handiwork. The piece has now been listed by Friedberg and assigned a number. We believe it to be unique, as did Hodder-Bowers. The Stack's June '04 catalog said, "Probably unique: we have no records of another, and have not heard of even a rumor of one." The case on this example is highly polished, the stamp is the best feature: it's quite fresh and beautifully centered. The mica is above average, with just minor crazing at its outer edges and a few small separations visible under angled light. An extremely important piece.
From The Frederick Mayer Collection

12928

HB-201 EP-246 Scott-145 Reed-PE01 1¢ Pearce, Tolle & Holton Extremely Fine.
Numerical grade: 75case.70stamp.60mica. = 205 Listed as an R-10 and called unique by Fred Reed. We know of one other, and have heard of but not examined a third. This piece traces its history to a September 1972 Harmer sale. It's clearly superior to the Stack's 6/04 example and is very likely the finest of the two or three known. The case has a nice natural medium brass color, with darker highlights behind the letters. The stamp is well centered but somewhat toned down, and the mica, while substantially clear, has a small area of damage at the top, over the letters "AG" of POSTAGE.
From The Frederick Mayer Collection

12929

HB-202 EP-54 Scott-146 Reed-PE03 3¢ Pearce, Tolle & Holton Extremely Fine.
Numerical grade: 50case.70stamp.50mica. = 170 While quite rare (rated as an R-8 by Reed, five to ten known), this Three Cent piece is tied with the Five Cent as the most available of the Pearce pieces. The XF case is brightly polished, the stamp is lightly toned and the mica has some crazes and a star-shaped crack from a "hit" behind Washington's head. This one must have been one of Mr. Mayer's very early purchases, as he had written on the flip, "Gilt frame - Lincoln?" The response to that question is, "No... polished frame - Clarke." This is one of the highly polished pieces that almost certainly traces its history to the collection of T. James Clarke. Traces of his signature jeweler's rouge remain in several place on this piece. Mr. Mayer's Lincoln question is the result of the constant resurfacing of the utterly unsubstantiated rumor that Gault presented Lincoln with a gold (occasionally gold-plated or "gilt") set of Encased Postage. No one seems to be sure of the origin of this silliness... but it constantly resurfaces. Mid-twentieth-century collector T. James Clarke polished his entire Encased collection using jeweler's rouge. All - or certainly almost all - of the brightly polished Encased Postage pieces seen today trace their history to Mr. Clarke. They are not gilt. They are not gold. They have no connection to Lincoln. We suspect Mr. Mayer, who quickly became far more sophisticated in his Encased collecting, left this early comment on the flip as a lesson to himself.
From The Frederick Mayer Collection

12930

HB-203 EP-89 Scott-147 Reed-PE05 5¢ Pearce, Tolle & Holton Extremely Fine.
Numerical grade: 75case.80stamp.70mica. = 225 The case shows some actual circulation wear, but it is totally problem free, with terrific color and strong eye appeal. The stamp is fresh, but it is centered a hair to the right. The mica has a short crack on Jefferson's coat and a number of crazes and a surface marks, though it remains very substantially clear. Reed rates this as an R-8, five to ten known, which ties it with the Three Cent as the most available of the Pearce encasements.
From The Frederick Mayer Collection

12931

HB-204 EP-127 Scott-148 Reed-PE10 10¢ Pearce, Tolle & Holton Choice About New.
Numerical grade: 85case.90stamp.75mica. = 250 An incredible piece for both rarity and condition. It was previously Lot 586 from the Stack's June 2004 sale, where Mr. Mayer obtained it for $6900. In our opinion, this was one of the very best buys from that sale. Fred Reed calls the piece R-9 and comments, "Two Known." The Stack's cataloger said, "Extremely Rare: we have not seen one sold publicly in years and suspect that only two of three are known." Fred Reed's 104-year auction survey shows only five appearances, a number generally indicative of a single piece, or possibly two. This one is the only example we have seen. The condition is outstanding, with the case a solid Choice AU. It's olive-gold, with brighter original highlights behind some of the letters. The stamp is beautifully fresh and perfectly centered, and the mica is crystal clear, with just a few minor surface marks and light lamination visible when turned in the light source. One of the highlight pieces, and one of this cataloger's favorites in Mr. Mayer's collection.
From The Frederick Mayer Collection

12932

HB-205 EP-156 Scott-149 Reed-PE12 12¢ Pearce, Tolle & Holton About New.
Numerical grade: 80case.75stamp.85mica. = 240 A wonderful piece, considered unique by everyone everywhere. On top of its unchallenged uniqueness, the piece is also in wonderful condition. The case is fully AU, with a lovely olive-gold color and brighter original highlights behind all the letters. It was called Uncirculated in its only prior public auction appearance, when Stack's sold the Western Collection in June of 2004. Their grading was super conservative at that sale, and we suspect this grade was a typo. In any event, it's fully AU, with a lightly toned stamp and an extraordinarily clear, fault free mica. This was one of the highlights of the Western Collection, and now it is a significant highlight of Mr. Mayer's collection. Irreplaceable.
From The Frederick Mayer Collection

12933

HB-207 EP-90 Scott-151 Reed-SA05 5¢ Sands' Ale About New.
Numerical grade: 75case.85stamp.75mica. = 235 Sand's Ale is one of the rarest of the merchants. Only two denominations definitively exist, this Five Cent and the rarer-still Ten Cent. Twelves, Twenty-Fours and Thirties have historic auction appearances, but none have proven genuine. This piece has a fully AU case that appears to have been lightly cleaned at one time (not polished) and is now retoning nicely. The stamp is beautifully fresh but a bit off center to the left. The mica has a short crack above the right tab and a few other crazes at the edges. The Five Cent piece is considered by Reed to be an R-8, indicating five to ten known. We believe the census to be eight, several of which are rather low grade.
From The Frederick Mayer Collection

12934

HB-208 EP-128 Scott-152 Reed-SA10 10¢ Sands' Ale About New.
Numerical grade: 80case.80stamp.65mica. = 225 This Ten Cent Sands' Ale is excessively rare. The Hodder-Bowers book estimates four to six known; the Stack's June '04 catalog said four or five; Reed calls it an R-9 and comments, "2-3 known." We know of five, two of which are serious problem pieces, though perfectly genuine. This example is one of only two high-end pieces we know of. The case is fully About New, with a lovely natural medium-brass color with darker highlights behind the letters. The stamp is well centered and beautifully fresh. The mica is crystal clear under most lighting, but it shows some separation between layers when turned in the light. There is a single, small crack above the right tab and some minor crazing at the bottom. Mr. Mayer attributed this piece to a February 1987 Siegel sale.
From The Frederick Mayer Collection

12935

HB-211 EP-25 Scott-155 Reed-SB01 1¢ Schapker & Bussing Extremely Fine.
Numerical grade: 75case.90stamp.80mica = 245 Fred Reed lists this One Cent Schapker & Bussing as an R-9, indicating two to four known, a number with which we are in agreement. We believe the population of this major rarity to be four. This one is a beauty, with a golden tan case that is darker around the beading. There are minute traces of silvering behind a few of the letters. The stamp is one of the nicest One Cent examples we've seen, with excellent centering and super color. The mica is completely clear, with only the very tiniest of crazes at its extreme edges.
From The Frederick Mayer Collection

12936

HB-212 EP-55 Scott-156 Reed-SB03 3¢ Schapker & Bussing About New.
Numerical grade: 80case.85stamp.85mica = 250 A really high grade piece of this much more common denomination. Reed considers it to be an R-6, indicating sixteen to twenty known, and we feel that his number is quite accurate. The condition is outstanding, with a high-grade case that has a touch of silver remaining behind the central letters. The case is golden tan, with the high points of the letters' being brighter. The mica and stamp are both extraordinary. A wonderful condition example of this scarce merchant.
From The Frederick Mayer Collection

12937

HB-212 EP-55 Scott-156 Reed-SB03 3¢ Schapker & Bussing Extremely Fine.
Numerical grade: 60case.75stamp.55mica = 190 A second Three Cent Schapker, this one is far inferior to the previous piece. The case has been cleaned, the stamp is fresh and quite nice, but the mica has some cracks and crazes. A relatively scarce piece, with about twenty known. This 3¢ is the second-most available denomination of the Schapker and Bussings.
From The Frederick Mayer Collection

12938

HB-213 EP-91 Scott-157 Reed-SB05 5¢ Schapker & Bussing Extremely Fine.
Numerical grade: 75case.95stamp.75mica = 245 A handsome piece, with a case that may have been lightly cleaned at one time, but it has retoned rather nicely. The stamp is perfectly centered and beautifully fresh, and the mica is crystal clear and problem free save for a small craze at the upper left over the "U" in "U.S." Reed considers this 5¢ Schapker & Bussing to be an R-7, indicating eleven to fifteen known.
From The Frederick Mayer Collection

12939

HB-214 EP-129 Scott-158 Reed-SB10 10¢ Schapker & Bussing Extremely Fine.
Numerical grade: 75case.75stamp.65mica = 215 Ten Cents is the most common denomination of the Schapker & Bussing pieces. Fred Reed rates it as an R-5, indicating 21 to 30 known, although we feel that this Encased Postage number may be a hair more common than that. At the very least, the tally is right around 30. This one has a very attractive olive gold case, a stamp that is fully bright green, and a mica that has a few crazes at its edge as well as two crazed "dents" near the top of Washington's head.
From The Frederick Mayer Collection

12940

HB-214 EP-129 Scott-158 Reed-SB10 10¢ Schapker & Bussing Extremely Fine.
Numerical grade: 80case.80stamp.75mica = 235 A handsome example with a case that has retained a considerable amount of silvering behind all the letters. The stamp is decently centered and fully fresh, and the mica is clear, with just the typical minor crazing at its outer edges. A nice high-end example of the most common Schapker & Bussing denomination. An ideal piece for a merchant set.
From The Frederick Mayer Collection

12941

HB-215 EP-157 Scott-159 Reed-SB12 12¢ Schapker & Bussing About New.
Numerical grade: 80case.75stamp.80mica = 235 This piece was Lot 598 from the June 2004 Stack's sale. They referred to it there as, "Possibly unique," pointing out the Reed comment of "two known." The Stack's cataloger went on to mention his suspicion that this piece and the Dunham piece are the same, which would, to everyone's best knowledge, make this piece unique. Certainly the Dunham grade, which is a very vague, "About perfect," could easily apply to this example. The owner of the Western Collection acquired this piece from the Boyd estate and always believed that Boyd bought the Dunham piece. If a second example exists, no one in this generation of dealers or collectors seems to have seen it, and Reed's 104-year auction census survey figure of five appearances may well equate to just a single example. The piece is lovely. The case is a beautiful light golden tan, the stamp is bold and very nicely centered, and the mica is crystal clear, with only the very tiniest of flaws at its outer edge. Whether unique or one of two known, this is a highly important item that Mr. Mayer essentially stole from the June '04 sale at $5175.
From The Frederick Mayer Collection

12942

HB-216 EP-26 Scott-160 Reed-SH01 1¢ John Shillito & Co. Choice About New.
Numerical grade: 85case.75stamp.75mica. = 235 Reed considers this 1¢ Shillito to be an R-8+, indicating five to seven known. In the Stack's June '04 sale, where Mr. Mayer acquired this piece, they made the somewhat enigmatic statement, "Extremely rare: we estimate there are fewer than ten known, with the actual number being somewhat lower." We're not sure what that means, but if it means five or six we agree. The case is a perfect light golden brown, the mica has just a few surface contact marks but is completely clear, and the stamp has a few light age spots, but the colors remain vivid. An important rarity.
From The Frederick Mayer Collection

12943

HB-217 EP-56 Scott-161 Reed-SH03 3¢ John Shillito & Co. Extremely Fine.
Numerical grade: 75case.60stamp.60mica. = 195 The Three Cent is the second most common denomination for Shillito. This one is a decent, mid range example, with a natural golden case, a well centered but somewhat faded stamp and a mica with some crazing at its edge and a few-more-than-average surface marks.
From The Frederick Mayer Collection

12944

HB-218 EP-92 Scott-162 Reed-SH05 5¢ John Shillito & Co. About New.
Numerical grade: 80case.85stamp.80mica. = 245 Five Cents is the most common of the Shillito denominations, rated as an R-4 by Reed, indicating 31 to 40 known, a number with which we are in agreement. This one is extremely nice, with a high-end, natural golden case that has some reddish highlights. The stamp is extraordinarily fresh and attractive, and the mica is free of problems and crystal clear, with only the most minor laminations visible at the outer edges when it is turned in the light.
From The Frederick Mayer Collection

12945

HB-218 EP-92 Scott-162 Reed-SH05 5¢ John Shilito & Co. Extremely Fine.
Numerical grade: 70case.70stamp.75mica. = 215 The case is very high grade, with a dark mottled color that highlights the silvering behind most all the letters. The stamp is somewhat toned, and the mica has the typical minor crazes at the edges but is clear.
From The Frederick Mayer Collection

12946

HB-219 EP-130 Scott-163 Reed-SH10 10¢ John Shilito & Co. About New.
Numerical grade: 70case.65stamp.65mica. = 200
Mr. Mayer attributes this rare piece as having previously been Lot 1063 from the December 1969 sale of the Arnold Perl Collection. Fred Reed considers this to be an R-8, with five to ten pieces known. The Hodder-Bowers catalog says, "under ten known." And the Reed auction census of 36 appearances in 104 years seems indicative of that five to ten census. Both the Stack's '04 Western Collection piece and this piece were below average for their respective collections, suggesting just how hard these are to come by. The case is a medium golden brown with no problems, the stamp is toned and the mica has some minor crazing, with far more than normal surface marks.
From The Frederick Mayer Collection

12947

HB-220 EP-158 Scott-164 Reed-SH12 12¢ John Shilito & Co. Extremely Fine.
Numerical grade: 80case.80stamp.75mica. = 235 Fred Reed considers this to be an R-9, and comments, "Two known." This is the finer of the two known examples. Mr. Mayer's collection lacked this denomination until the sale of the Western Collection by Stack's in June 2004. This piece has an attractive olive-brown case with a touch of silver behind a few of the letters. The stamp is fresh, particularly for this denomination, and the mica is clear, with just some very minor separations between layers visible when the piece is turned in the light. A terrific combination of rarity and condition.
From The Frederick Mayer Collection

12948

HB-221 EP-27 Scott-165 Reed-ST01 1¢ S. Steinfeld Choice About New.
Numerical grade: 85case.75stamp.75mica. = 235 Although this One Cent is considered an R-7 by Reed, indicating eleven to fifteen known, it is by far the most common of the Steinfelds. Fred Reed's 104-year auction survey shows that, of 75 total appearances of Steinfeld encasements at auction, 57 of those appearances were One Cent pieces. This figure, of course, includes very heavy duplication. Mr. Mayer pedigrees this lovely piece to a February 1969 Stack's sale. The piece is a gorgeous high-end AU, with a touch of silver behind the letters. The stamp is fresh, save for a minor toned area at the bottom center, and the mica shows just very minor crazing at it outers edges, but it is completely clear. Steinfeld is one of the most difficult merchants to acquire, with this 1¢ piece the only generally available denomination.
From The Frederick Mayer Collection

12949

HB-222 EP-93 Scott-166 Reed-ST05 5¢ S. Steinfeld About New.
Numerical grade: 85case.80stamp.75mica. = 240 Fred Reed considers this Five Cent Steinfeld as an R-9, with a question mark, indicating possibly two known. If there is a second, we are unaware of it. Dunham, Perl and Lilly all lacked this variety. Mr. Mayer was never able to obtain a Five Cent Steinfeld until the June '04 sale of the Western Collection. This piece was headed there as "Possibly Unique," with the statement, "We have no records of another, and have thought it was unique since 1989, although we note that Fred Reed hedges his R-9 rating with a question mark. Whether it is unique or not, it is clear that none has been sold publicly in many years." We agree with that description. We have neither seen nor heard of a second example, and we believe that this piece is unique. On top of its extreme rarity, it boasts very high grade. The case is a lovely AU, with an olive-gold color and original golden highlights behind the letters. The stamp is beautifully fresh but centered a hair to the left. The mica is fully clear, but it has a very short crack at the top center and a minor disturbance at the lower left.
From The Frederick Mayer Collection

12950

HB-223 EP-131 Scott-167 Reed-ST10 10¢ S. Steinfeld About New.
Numerical grade: 85case.80stamp.75mica. = 240 As with the Five Cent, Fred Reed rates this as an R-9 with a question mark. This piece was acquired by Mr. Mayer as Lot 610 from the June '04 Stack's sale. Again, as with the Five Cent above, the Stack's cataloger believed this piece to be unique. We agree. The only example we have seen or can trace is the 10¢ Steinfeld that appeared in the 1941 B. Max Mehl sale of the Dunham Collection, which we believe to be this piece. The case is a rich gold and tan, with the gold appearing to be original luster. The stamp is well centered, and it is just a hair off fully fresh. And the mica shows only the most minor crazes at the outer edges. The small separation under Washington's chin is visible only when the piece is turned in the light.
From The Frederick Mayer Collection

12951

HB-225 EP-28 Scott-169 Reed-TA01 1¢ N & G Taylor Choice About New.
Numerical grade: 85case.75stamp.95mica. = 255 N & G Taylor is one of the rarest of the Encased Postage issuers. The Hodder-Bowers book states, "Denominations known include 1¢ through 12¢. None is really collectable." Fred Reed considers this One Cent denomination to be an R-7, indicating eleven to fifteen known. We basically agree, but are more inclined to ten or eleven. In any event, this One Cent denomination is by far the most available of the N & G Taylor pieces. It is a happy coincidence that Mr. Mayer's 1¢ example of this very rare merchant is also one of his highest quality encasements. The case is a beautiful AU, with considerable original color behind most of the letters. The stamp is quite fresh, but it has been folded prior to encasement. The mica is 100% crystal clear, with no evidence whatever of crazing, separation or defect of any kind. A highly important encasement.
From The Frederick Mayer Collection

12952

HB-225 EP-28 Scott-169 Reed-TA01 1¢ N & G Taylor Very Fine.
Numerical grade: 70case.80stamp.70mica. = 220 Mr. Mayer's duplicate One Cent N & G Taylor has seen a fair amount of actual circulation, as the high points of the letters are clearly worn. The case is a problem free deep mahogany color, the stamp is beautifully fresh but centered a bit high, the mica shows typical circulation-caused surface marks and a few minor cracks and crazes at its outer edges. Mr. Mayer attributes this piece as having been Lot 978 from the Stack's December 1969 sale of the Arnold Perl Collection. The description matches the piece perfectly.
From The Frederick Mayer Collection

12953

HB-226 EP-57 Scott-170 Reed-TA03 3¢ N & G Taylor Extremely Fine.
Numerical grade: 75case.80stamp.75mica. = 230 Three Cent N & G Taylors, although the second most common denomination, are seriously rare. Reed feels the population is five to ten pieces, and we agree, as did the Stack's 6/04 cataloger. This piece is one of the nicest ones. The case is a problem-free XF, with a tiny touch of silvering remaining at the center. The stamp is fresh and well centered, and the mica is clear and problem-free save for a very short crack at the bottom center into the letter "E" of CENTS.
From The Frederick Mayer Collection

12954

HB-229 EP-159a Scott-173 Reed-TA12 12¢ N & G Taylor Very Fine.
Numerical grade: 50case.75stamp.75mica. = 200 Everyone is in total agreement as the the uniqueness of this Twelve Cent N & G Taylor. Fred Reed calls it R-10 and comments "Unique," as does the Hodder-Bowers book and the Stack's June 2004 sale of the Western Collection. Stack's pedigreed the piece as ex-T. James Clarke August 13, 1956, but the piece unfortunately pedigrees itself. It has been brightly polished, as was Mr. Clarke's aberrant proclivity. Though the physical appearance of the case is less than satisfying, the stamp and mica are both highly pleasing, and the rarity and genuineness are both beyond question. One of Mr. Mayer's more recent acquisitions, and one of his highly important pieces.
From The Frederick Mayer Collection

12955

HB-230 EP-29 Scott-174 Reed-WL01 1¢ Weir & Larminie About New.
Numerical grade: 80case.85stamp.70mica. = 235 While the second most common denomination for this only Canadian issuer, One Cent Weir and Larminies are far from being common. Reed considers these to be an R-8+, and we believe the census to be right around ten. This one is in outstanding condition, with a high-end AU case that has silver behind all the letters. The stamp is extraordinary, both perfectly centered and beautifully fresh. The mica is clear, save for one small area of crazing below the right tab. Mr. Mayer pedigrees the piece to the May 12, 1982 Robert Siegel sale.
From The Frederick Mayer Collection

12956

HB-231 EP-58 Scott-175 Reed-WL03 3¢ Weir & Larminie About New.
Numerical grade: 80case.80stamp.85mica. = 245 Only two examples of this Three Cent Weir & Larminie are known to exist. This one was previously Lot 628 from the June 2004 Stack's sale of the Western Collection. It was hotly contested in that sale, and Mr. Mayer won the piece at just short of $20,000 ($19,550.) It's a beautiful piece, with a deep mahogany case with lighter highlights spread throughout. The stamp is rather fresh and decently centered, and the mica is clear and problem-free. This piece was on Mr. Mayer's "must have" list when it auctioned three years ago, and if you desire the very best, it should be on yours this evening.
From The Frederick Mayer Collection

12957

HB-233 EP-133 Scott-177 Reed-WL10 10¢ Weir & Larminie Extremely Fine.
Numerical grade: 80case.75stamp.65mica. = 220 About thirty-five or so Ten Cent Weir and Larminies are known. And over the years, this cataloger has seen probably two thirds of them. For some reason, this issue and denomination is almost always seen with some degree of corrosion on the back of the case. In many instances it is so severe as to pretty much ruin the piece. This example is totally free of corrosion, and it is one of only five 10¢ Weirs that we known of without this problem. The case is a lovely, problem-free medium brown, the stamp is ideally centered and reasonably fresh, and the mica is substantially clear though with a few crazes and one crack that runs along the outer edge of the top from above Washington's head to the right tab. Mr. Mayer attributes this piece to Stack's February 1969 sale.
From The Frederick Mayer Collection

12958

HB-233 EP-133 Scott-177 Reed-WL10 10¢ Weir & Larminie Very Fine.
Numerical grade: 40case.65stamp.65mica. = 170 This Ten Cent denomination is by far the most common of the Weir and Larminies, although it is still a rather scarce piece. Reed considers it to be an R-5, indicating 21 to 30 known, a number with which we agree. For some reason, many - perhaps most - of these 10¢ Weirs come with varying degrees of corrosion on the cases. This piece is corroded across almost the entire back, although it has done little damage, and the text is totally legible. The stamp is fully fresh but rather wrinkled, and the mica has a large number of minor separations and a few craze marks at its edges.
From The Frederick Mayer Collection

12959

HB-234 EP-30 Scott-178 Reed-WH01 1¢ White the Hatter About New.
Numerical grade: 85case.80stamp.80mica. = 245 A gorgeous AU example of the only collectable denomination of this rare merchant. The case is a beautiful About New with a touch of silver behind the letters. The stamp is just short of fully fresh, and the mica is free of meaningful defects, with only minor laminations appearing when it is turned in the light.
From The Frederick Mayer Collection

12960

HB-234 EP-30 Scott-178 Reed-WH01 1¢ White the Hatter Extremely Fine.
Numerical grade: 80case.90stamp.75mica. = 245 The One Cent White the Hatter is by far the most collectable denomination of this merchant. Reed rates it as an R-7, indicating eleven to fifteen known, and we are inclined to agree. This one is a real beauty. The high-grade case is an eye-appealing natural light brass color, with a fair amount of silvering behind the letters. The stamp is outrageously fresh and rather well centered. The mica is crystal clear, but it does have two very short cracks at its far outer edges: one below the right tab and one below the left tab. A lovely example of a rare and popular New York City merchant.
From The Frederick Mayer Collection

12961

HB-234 EP-30 Scott-178 Reed-WH01 1¢ White the Hatter Very Fine.
Numerical grade: 40case.50stamp.40mica. = 130 Very scarce merchant; very crummy piece. The case is primarily dark and corroded, the stamp faded and soiled. The mica has multiple cracks and a broken area at the top exposing the stamp. A very inexpensive White the Hatter.
From The Frederick Mayer Collection

12962

HB-235 EP-59 Scott-179 Reed-WH03 3¢ White the Hatter Choice About New.
Numerical grade: 90case.75stamp.80mica. = 245 Mr. Mayer attributes this piece as previously being Lot 1010 of the Stack's December 1969 sale of the Arnold Perl collection. The description mates perfectly, and we have no doubt that this is that piece. Three Cent Whites are very rare. Reed considers them to be R-8, indicating five to ten known. We feel the number is eight or nine. And we believe that this is one of the finest, if not the finest. The case is 90+ percent silvered and simply beautiful. The stamp is a trifle toned, and it is centered a bit to the lower right. The mica is exceptionally clear, with only very minor crazes at its outer edges. Another example of high grade and meaningful rarity combining.
From The Frederick Mayer Collection

12963

HB-236 EP-95 Scott-180 Reed-WH05 5¢ White the Hatter About New.
Numerical grade: 80case.70stamp.65mica. = 215 The Five Cent White is an extremely rare piece. Reed considers it an R-9, indicating two to four known. Reed shows twelve auction appearances in 104 years, which would typically indicate two examples known. The Stack's June 2004 cataloger called it excessively rare and mentioned, "We think there are only two of these known, but note that Reed suggests as many as four." The Bowers-Hodder book suggests one or two. We know of only two: the Stack's 6/04 piece which was ex-Lilly, and this piece, which Mr. Mayer attributes to the June 16, 1987 Stack's sale. This example has a lovely high-end case, with a golden tan color and brighter original highlights behind some of the letters. The stamp is a touch toned down, and the mica is clear save for a crack and chip above the right tab just touching Jefferson's hair. A very important piece.
From The Frederick Mayer Collection

12964

HB-237 EP-134 Scott-181 Reed-WH10 10¢ White the Hatter Very Fine.
Numerical grade: 65case.65stamp.75mica. = 205 The rarest denomination of White's. Considered by Reed to be an R-9, with the comment, "2-3 known." We are aware of only this example. There was a piece in the Dunham sale sold by Max Mehl in 1941, but it is not photographed, and its three-word description doesn't work for attribution purposes. Mehl mentions that the Dunham piece realized $25 when it last appeared in the 1906 Deats sale. There was no Ten Cent White in the Stack's June '04 sale. Mr. Mayer acquired this piece from Kagin's February 4, 1988 sale. The case shows considerable honest circulation wear, and it has dark stains behind some of the letters. The stamp is reasonably fresh but slightly aged at the top. The mica is clear save for a short crack at the lower left near the "T" in TEN. Whether or not this piece is unique, it is certainly highly important and worthy of a serious bid. It can be considered irreplaceable.
From The Frederick Mayer Collection

12965

HB-153 Reed-IH10ES Experimental 10¢ 1851 Envelope Stamp Irving House, Hunt & Nash Very Fine.
This enigmatic and likely experimental piece is noted on the flip by Mr. Mayer as, "Perl to Hearst." It was later part of the Dr. Robert Gardner collection, and we presume it was purchased by Mr. Mayer when that collection was dispersed.
Both sides are illustrated on page 85 of Fred Reed's book. Irving House was Gault's earliest customer, and it is likely that this piece was prepared by Scovill as a sample for Gault to show Hunt & Nash. The piece has clearly circulated, in spite of the fact that the stamp was demonetized at the start of the Civil War. Even were it not, it still would have been rendered valueless, as envelope stamps were neither redeemable nor valid for postage once cut from the envelope on which they were printed. Ten cents was a fair amount of money in 1862, and it is very unlikely that any member of the public would have had the savvy to reject this piece as having a non-valid stamp. After its use as a "trial" or "experimental," it was likely simply spent. The piece is clearly genuine and untampered with. Another strong possibility is that this was a patent model that was submitted by Gault to the patent office and subsequently sold by them. Items in the patent office were tagged by tying with ribbon. A small item, such as this, would have been holed and tied. Adding to its enigmatic status is the fact that it has been holed and has a ribbon knotted through the hole. No one knows the precise origin, date of production or purpose of production for the handful of Encased Postage pieces that fall into the "trial," "experimental" or "specimen" category. Pieces such as this, with a clearly genuine back that was part of Gault's production, are particularly interesting to collectors. A difficult item to estimate, but similar pieces in the Stack's '04 sale and our sale of last January realized in the $2000 to $6000 range. This piece certainly belongs at the upper end.
From The Frederick Mayer Collection

12966

HB-unl Reed-JG1057 10¢ J. Gault 1857 Stamp About New.
This piece was previously Lot 1489 from Kagin's February 1988 sale. It is pictured on page 74 of Fred Reed's Civil War Encased Stamps - The Issuers and Their Times. Without a doubt, this is a genuine Scovill-Gault production piece, although why it was produced is an unanswered question. The stamp used was in use from August 1859 until demonetized in August 1861. It was demonetized at the start of the Civil War for the purpose of rendering the stamps that remained in the seceded states valueless. It's certainly possible that since Five and Ten Cent J. Gault pieces were the earliest produced, this was a sample or trial piece made with any handy stamp. In spite of the stamp's being valueless, the piece clearly spent at least a short time in circulation. The case shows the normal minor circulation scratches common to all lightly used examples. The mica has a crack running from the bottom well up into Washington's portrait, and there is a moderately heavy craze at the bottom of the left tab. Whatever its original purpose, it is unquestionably genuine and contemporary. This piece is a significant part of Encased Postage history.
From The Frederick Mayer Collection

12967

An Assortment of Encased Postage Backs. Six pieces are present: three Burnett's Standard Cooking extracts, an Ayer's Sarsaparilla, a Mendum's and a Take Ayer's Pills. Three of the six were part of Lot 1087 from the Arnold Perl sale. An interesting study group.
From The Frederick Mayer Collection

12968

HB-unl EP-95a 9¢ Feuchtwanger Strip About New.
Numerical grade: n/a Often called a Feuchtwanger strip, as the back bears an eagle reminiscent of the Hard Times Tokens from 1837 designed by Dr. Feuchtwanger. This cataloger (among others), has long believed these 9¢ (as well as the identical 27¢) strips were produced in New York City in the 1890's. Nonetheless, they have a long history of collectability, and this is a particularly nice one, with brightly colored stamps, a mica with no flaws and an attractive high-grade case that shows some original red color in the recessed areas.
From The Frederick Mayer Collection

12969

HB-unl EP-95a 9¢ Feuchtwanger Strip About New.
Numerical grade: n/a A second of these strips, this one equally nice but with a darker, toned copper case. The mica is perfect, and the three stamps are all fresh. As nice an example of one of these as we have handled.
From The Frederick Mayer Collection

12970

HB-216? EP-26? Scott-160? Reed-SH01? 1¢ (yeah, right) John Shillito & Co. Very Fine - May Not Be Authentic.
Numerical grade: 50case.75stamp.50mica = 175 Much has been made of opened and re-closed encasements. This piece shows all the classic signs of this problem, and it almost certainly left Scovill with a different denomination stamp. The edges are crimped on both sides, the case is "out-of-round," and the beaded area shows digs and scratches. 1¢ Shillito pieces are important rarities, and we believe this one to be highly suspicious. The topic of fake Encased Postage (replaced-stamp pieces) almost rises to a philosophical discussion. Evidence of tampering is not technically sufficient to call a piece "fake," when all its elements are genuine. A genuine piece that is tampered with is still a genuine piece. That said, evidence of tampering is certainly sufficient to call a piece worthless, whether or not it is technically "fake." This piece is worthless.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12971

HB-60? EP-160a? Scott-unl. Reed-unl. 24¢ Joseph L. Bates Fancy Goods Extremely Fine - May Not Be Authentic.
Numerical grade: 50case.70stamp.65mica = 185 While not quite as blatant as the 1¢ Shillito above, this piece shows considerable evidence of tampering... way more than enough to include it in the "Highly Suspicious" section. The case shows crimping, and the insert has gouges all the way around outside the beading. Were it genuine, this would be a highly important piece. Fred Reed lists it as, "Two Known," neither of which we have seen. As with the piece above, "suspicious" does not equate precisely to "fake." But it sure effects value. Unlike the piece above, Mr. Mayer, unfortunately, paid a tidy sum for this highly questionable item.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12972

HB-224? EP-159? Scott-168? Reed-ST12? 12¢ S. Steinfeld About New - May Not Be Authentic.
Numerical grade: 60case.85stamp.75mica = 220 While we're certainly suspicious enough of this piece to place it in this section, we're a bit more conflicted than on the two pieces above. The "wrap-around" section of the front, where it grips to the insert on the back, shows a considerable amount of tool marks. But there is no sign of crimping, and no scratches visible on the insert. If we were collectors, we certainly would reject this piece. But there is the possibility that it always was a 12¢. The excessive rarity of this denomination for this merchant adds considerable more weight to the suspicious nature of the piece. Fred Reed's century-plus auction census indicates seven appearances for this denomination. Value is often the best measure. Were this genuine beyond a doubt, it would be a $10,000 piece. As it is, this cataloger's best opinion of value is...
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12973

HB-143? EP-17a? Scott-102? Reed-HO01? 1¢ L.C. Hopkins & Co. Very Fine - May Not Be Authentic.
Numerical grade: 60case.60stamp.70mica = 190 This denomination for this merchant is considered an R-9 by Reed with a question mark, which indicates "Unresolved issues regarding the piece in question." His 104-year auction survey shows six appearances for One Cent Hopkins pieces. Several, if not all, were probably this very piece. While nowhere near as blatant as others in this section, it is simply too irregular and too suspicious to place with the unquestioned pieces in the main section of this catalog. There certainly is a possibility that this piece always was a One Cent Hopkins, but in our opinion, that is not at all a probability. Certainly a five-figure piece if unquestionably genuine. As is, it should sell as a curiosity for several hundred dollars.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12974

HB-unl EP-160? Scott-unl Reed-AS24MD? 24¢ Ayer's Sarsaparilla Medium Ayers Very Fine - May Not Be Authentic.
Numerical grade: 55case.70stamp.65mica = 190 This is another piece that could go either way, but we are simply far too uncomfortable with it to call it good. The case shows irregularities on both sides, and it is also somewhat out of round. With pieces this rare, one needs to be ultra careful. We believe the preponderance of clear physical evidence indicates that this piece has very little commercial value.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12975

HB-4 EP-unl. Scott-unl. Reed-AC01LA 1¢ Ayer's Cathartic Pills Long Arrows Very Fine, tampered.
Numerical grade: 50case.85stamp.75mica. = 210
Reed shows seven auction appearances for this very likely non-existent variety, several of which undoubtedly were this very piece. It is clearly tampered, and Mr. Mayer collected it as such. His notation with the piece reads, "99% fake; clearly tampered with and resealed, w/ obvious crimp marks about the edges - never seen genuine and suspect none may exist - worth $100 as a novelty." We've weighed removing this piece from the sale, but it certainly has interest to collectors, although there is very little value. It also is an obvious-enough fake of an extreme rarity that there is no danger of its re-entering the marketplace as genuine in the future. Offered without estimate, although Mr. Mayer's guess of $100 is likely in the ballpark.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12976

HB-35 EP-98 Scott-17b Reed-AS10SM 10¢ Ayer's Sarsaparilla Small Ayer's Very Fine.
Numerical grade: 45case.50stamp.70mica. = 165 Listed as an R-8+ by Reed, indicating five or six known. We know of four. The vast majority of Encased Postage stamps are found perfectly and tightly closed enough so that there is not the slightest suspicion of tampering. When a case is found that is slightly out of round, with indications of scratches, gouges or other marks at its closure, suspicion is always aroused. This rare item is such a piece. An accurate answer as to its genuineness is simply not obtainable. The piece is certainly suspicious. Mr. Mayer has very few like this, and we are being careful to point them out. The possibly that this piece is perfectly genuine exists, yet when the seal is less than perfect, the question must be raised. Mr. Mayer asked us about this pieces years ago, and we told him then and repeat now that it simply could go either way.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12977

1¢ Lord & Taylor "Romain" Counterfeit. Created in the 1960's and sold by either their creator or his agents into the numismatic marketplace. The cases are reasonably good fabrications, duplicating four different merchants. These are Lord & Taylor, Kirkpatrick & Gault, Take Ayer's Pills and Ayer's Sarsaparilla (Medium Ayer's.) Although reasonably deceptive, after just a little bit of studying these fakes, no one should be fooled. The cases are generally quite dark, sometimes giving the appearance of toned, silvered pieces. They are a slightly different shape and size both face and back. The tabs are shaped differently, as is the front of the frame. Each merchant has definitive telltale characteristics that can be easily spotted once they are known. The only thing genuine in these "Romain" fakes is the stamp. The mica is not mica, but a modern plastic. It is always crystal clear, with a high gloss to the surface. They are covered and illustrated on page 449 of Fred Reed's book. Mr. Mayer had three of the four different merchants, lacking only a Take Ayer' Pills, which we have also photographed with this group to help with the identification of these modern fakes. This first example of Mr. Mayer's is a One Cent Lord & Taylor. We have seen these sell as fakes for several hundred dollars (and also as real for thousands), as most collectors want at least one as a sample. Bank Note Reporter recently ran an exhaustive study of these pieces authored by Fred Reed.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12978

3¢ Lord & Taylor "Romain" Counterfeit. The second from this group.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12979

3¢ Lord & Taylor "Romain" Counterfeit. Mr. Mayer's third "Romain" example.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12980

3¢ Kirkpatrick & Gault "Romain" Counterfeit. The fourth of these counterfeit addenda to Frederick Mayer's great collection of Encased Postage.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12981

10¢ Kirkpatrick & Gault "Romain" Counterfeit. Another fraudulent example.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12982

2¢ Ayer's Sarsaparilla "Romain" Counterfeit. The final of Mr. Mayer's Romain examples, this is the only Romain Black Jack we have seen. The case is slightly out of round, and it shows some minor crimping. This may well be a fraudulent fake, where someone has opened a Romain fake and switched stamps.
From The Frederick Mayer Collection
Lots 12775 and 12840 have been withdrawn from the sale. Mr. Mayer's agent believes that all encasements containing previously used stamps, proofs, or stamps not of the period to be alterations. At his request they have been removed and will be given to the Philatelic Foundation along with Lots 12970 through 12982.

12983

HB-18 EP-33 Scott-9 Reed-AP03 3¢ Take Ayer's Pills About New. The case has over 70% of its original silvering remaining and is totally problem-free. The stamp is bright, and very well centered in the case. The mica is the weak point of this otherwise very nice piece with some surfaces problems, cracks, and crazes.

12984

HB-30 EP-34a Scott-15a Reed-AS03MD 3¢ Ayer's Sarsaparilla Medium Ayer's Extremely Fine. The case is a perfect XF with good color and no problems of any kind. The stamp, unfortunately, is quite faded. The mica shows just the most minor of crazing at the bottom center.

12985

HB-30 EP-34a Scott-15a Reed-AS03MD 3¢ Ayer's Sarsaparilla Medium Ayer's Very Fine. Cleaned at one time and with a case that is slightly deformed by crimping at its edges. The stamp is reasonably bright, and the mica primarily clear with an area of crazing at the bottom center.

12986

HB-30 EP-34a Scott-15a Reed-AS03MD 3¢ Ayer's Sarsaparilla Medium Ayer's Very Fine. A decent problem-free example of this common encasement. The stamp is a trifle faded, and the mica shows some minor crazing and one short crack.

12987

HB-30 EP-34a Scott-15a Reed-AS03MD 3¢ Ayer's Sarsaparilla Medium Ayer's Very Fine. One of the very most common of all encasements, rated as an R-1 by Reed, indicating that there are over 100 known. The case is a solid VF+, but there is a minor bend to the front right tab. The stamp is wrinkled and a hair faded. The mica has some minor crazes and one short crack near its edges.

12988

HB-50 EP-6 Scott-26a-Reed BA01F/G 1¢ Joseph L. Bates Fancy Goods Extremely Fine. This is the variety with "Fancy Goods" as two words. Considered to be a R-4 by Reed (31-40 known) and we agree. The case is a solid XF with a nice medium golden-tan color. The stamp is a bit soiled, and the mica, unfortunately, is heavily cracked and crazed--particularly through the center.

12989

HB-83 EP-70 Scott-54 Reed-BE05 5¢ Burnett's Standard Cooking Extracts Extremely Fine. The case is lovely with a touch of silver behind many of the letters. The stamp is a hair toned and the mica shows enough cracks and crazing to hide portions of the stamp and seriously reduce the value of an otherwise very nice piece.

12990

HB-84 EP-106 Scott-55 Reed-BE10 10¢ Burnett's Standard Cooking Extracts Very Fine. Highly polished and likely ex-T. James Clarke. Mr. Clarke polished his entire Encased collection around fifty years ago. Almost all brightly polished Encased pieces can be attributed to (blamed on?) Mr. Clarke. In any event, this R-4 (31-40 known) piece has a somewhat toned stamp with a bit of soil and a mica that, while substantially clear, has a few laminations and light cracks.

12991

HB-100 EP-13 Scott-70 Reed-DR01 1¢ Drake's Plantation Bitters Extremely Fine. A high-end example of this common encasement with a touch of silver remaining on its case--including a bit on its face tabs. The stamp is a brilliant blue, and the mica is almost entirely clear with just some minor crazing at the top. A terrific quality example of this R-2 (50-100 known) piece.

12992

HB-133 EP-116 Scott-97 Reed-JG10 10¢ J. Gault About New. The case is problem-free and quite high-grade. The stamp is bright, but the mica has two cracks--one of which has developed into a break exposing a portion of the stamp at the top of Washington's head.

12993

HB-133 EP-116 Scott-97 Reed-JG10 10¢ J. Gault Extremely Fine. The case has been lightly cleaned, the stamp is bright, but the mica, unfortunately, is cracked and crazed, although none of the stamp is exposed.

12994

HB-190 EP-53 Scott-141a Reed-NA03ST 3¢ North America Life Insurance Straight Insurance Choice About New. A simply incredible condition encasement with just about 100% of its original silvering on the back. There is even a fair amount of scattered silver on the front tabs and frame. The stamp is nearly fully bright, and the mica is 100% clear under direct light with a few minor surface marks and scratches when turned in the light. Reed rates this piece as a R-5 indicating 20 to 30 known--a number with which we agree.

Fractional Currency

12995

Fr. 1228 5¢ First Issue Gem New. Previously Lot 64 from our January 1995 sale of the Gengerke Collection. The paper certificate and the original lot tag from that sale are both included. It was described there, "Fully perforated on all four sides, with excellent centering. This lovely little note is as fresh as it could possibly be. The bottom margin still retains some of the paper circles that normally fall away during the perforation process." The note realized $286 twelve years ago.

12996

Fr. 1228 5c First Issue PMG Choice Uncirculated 64 EPQ. The margins are solid enough for a Gem grade though the front to back centering is a little off.

12997

Fr. 1230 5c First Issue Uncut Sheet of Sixteen Very Fine. This is a handsome mid-grade sheet that had four notes removed before the decision was made to save it. The original paper surfaces display attractive colors and a look that is better than its assigned grade. The selvage has been trimmed away while the folds on this sheet are found primarily between the notes both vertically and horizontally. Rows two, three, and four also have a vertical fold through the notes as this sheet was folded a couple of different ways during its infancy. There is also a small skin mark at the top edge of the third row. Certainly a neat and desirable sheet.

12998

Fr. 1230 5c First Issue Complete Sheet of Twenty Very Fine. Interestingly, this sheet received some attention as a memento and thus shows a moderate, but even amount of wear. Between notes, there are folds and a couple of splits have been contained at the edges with archival tape. Overall, the sheet is attractive for a circulated issue and retains a large portion of selvage at top.

12999

Fr. 1231 5c First Issue PMG Gem Uncirculated 65 EPQ. Narrow, but solid margins are noted on this attractive and wholly original issue. Many examples of this type were trimmed into the design when they were cut from the sheets.

13000

Milton 1E5F.3b 5¢ First Issue Essay PMG Choice Uncirculated 64 EPQ. This strikingly beautiful note, which was previously Lot 16355 from our May 2005 sale of the Tom O'Mara Collection is printed in black ink on pure white paper. It's identical to the finished design but for ink and paper color, and the fact that the outer frameline is a double line rather than the adopted single. First Issue Essays have a particular allure, as they are the very roots of Fractional Currency collecting. It is unfortunate that so few of them exist, because most collectors will never have the opportunity to own a single piece. In the field of Fractional Currency, prices are much lower than in most other areas of Numismatics, and excessively rare or unique items fit into the budgets of the majority of active collectors. Still, most will never own a First Issue Essay, not on account of price, but simply because the number of collectors desiring one far outstrips the number of pieces in existence.

13001

Fr. 1231 5c First Issue PMG Choice About Unc 58. The lightest of center bends is present on this appealing without monogram issue.

13002

Fr. 1242 10¢ First Issue PMG Superb Gem Unc 67 EPQ. Magnificent margins surround this Superb paper-dime type. The margins are so broad that it appears this piece was cut from a sheet for the purpose of preserving them. Only this and one other example have been graded at the 67 level by PMG, with none higher.

13003

Fr. 1242 10c First Issue Vertical Strip of Four PMG Choice Uncirculated 63 EPQ. This is a nicely preserved strip of four with a light fold between the second and third notes.

13004

Fr. 1243 10c First Issue PMG Gem Uncirculated 66 EPQ. An excellent without monogram issue that boasts Exceptional Paper Quality.

13005

Fr. 1243 10¢ First Issue PMG Gem Uncirculated 65 EPQ. PMG has mistyped the Friedberg number on this piece as 1242 "with monogram," something that they will happily fix at no charge, but we discovered it too late. The note is very well margined, and as a 65 EPQ Fr. 1243, it is quite rare.

13006

Fr. 1280 25c First Issue New. This note faces up as a Choice New example of this number which is 30 times scarcer than the Fr. 1281 type. The note is original with good color and a light as-made wrinkle across the top. Slightly downgraded due to the presence of a couple light glue remnants in the back upper corners.

13007

Fr. 1281 25c First Issue PCGS Gem New 66PPQ. This is an outstanding example of a straight edge with monogram First Issue 25¢ note.

13008

Fr. 1281 25c First Issue PMG Gem Uncirculated 66 EPQ. A number that is easily located in simple Uncirculated condition, but elusive in true Gem grades. PMG has graded only eight at this level.

Bronze Age (1970-1979)

13009

Fr. 1310 50¢ First Issue PMG Gem Uncirculated 65 EPQ. Full perforations all the way around highlight this First Issue Fifty Cent. The colors are excellent, and the back is even a bit better centered than the rather nice face.

Fractional Currency

13010

Fr. 1311 50¢ First Issue PMG Choice Uncirculated 64 EPQ. Deeply and fully perforated all the way around, with strong color, excellent eye appeal and centering that would seem to support the full Gem grade. Fr. 1311, which is the no-monogram variety, is many times scarcer than the with-monogram 1310. Yet prices tend to be less than double for this far rarer note.

13011

Fr. 1311 50c First Issue Extremely Fine. A lightly circulated example of this much scarcer, no-monogram perforated note. The perforations are full all the way around, and the note is an ideal piece for a high-end circulated collection. Very scarce in this grade.

13012

Fr. 1312 50¢ First Issue PMG Gem Uncirculated 65 EPQ. A handsome note, with broad margins, excellent color and strong eye appeal. The 65 EPQ grade appears to us to be a tad on the conservative side.

13013

Fr. 1313 50c First Issue Choice New. A nicely centered example of this very scarce note. The back is perfectly centered, and the paper surfaces are strictly original. This is one of the nicer examples we've seen of this tough number. This note does have approximately eight tiny pinholes.

13014

Fr. 1313SP 50¢ First Issue Wide Margin Back PMG Gem Uncirculated 66 EPQ. We previously sold this note as part of the Jacob and Heather Dedman Collection.

13016

Milton 2E5F.3 5¢ Second Issue Essay Vertical Pair PMG Uncirculated 62 EPQ. Apparently Lot 941 from the S.H.&H. Chapman February 15, 1904 sale of the Wilcox Collection. To our best knowledge, only two of these pairs exist: this one, which is missing the top portion of the top note, and an identical pair, with a full top note that is missing the bottom half of the bottom note. Printed on hard, thin yellow paper with the finalized face design, lacking only the bronze oval. The back is blank. The Five Cent denomination is the rarest of the Second Issue Experimentals.

13017

Fr. 1232 5¢ Second Issue Block of Four PMG Uncirculated 62.
Lightly aged and close at the left, but it appears to be fully uncirculated as its holder states.

13018

Fr. 1233 5¢ Second Issue Vertical Strip Of Four PMG About Uncirculated 55 EPQ. This attractive strip shows folds between the notes, but not through the designs.

13019

Fr. 1244 10¢ Second Issue Vertical Pair PMG Choice Uncirculated 64 EPQ. Exceptionally broadly margined, with the back plate number 103 visible in the lower-left corner of the bottom note.

13020

Milton 2E10R.4c 10¢ Second Issue Experimental PMG Gem Uncirculated 66 EPQ. This is an absolutely gorgeous example of this unpunched, unstenciled Experimental note. But for the lack of the face engraving, it is identical to Fr. 1249, the Regular Issue Fiber Paper 10¢ note. About a half dozen of this variety are known. This one, which has received the extremely high 66 EPQ grade from PMG, is very likely the finest of them.

13021

Milton 2E10FR.3 10¢ Second Issue PMG Gem Uncirculated 65 EPQ. This note is extremely similar to Lot 16400 of our O'Mara sale. That note is identical to this but with a normal, note-size trim. This note is a full half-inch longer side-to-side, with the normal measurement in the top-to-bottom direction. That trim has allowed for a second "T" and "18" to appear at the right-hand end of the note. The piece is in pristine condition on heavy fiber paper, and it lacks ink completely; it has only the bronze on both sides. That bronzing combined with this paper would make this note a Fr. 1249 if it had the normal 10¢ Second Issue face-and-back inking.

13022

Fr. 1283 25¢ Second Issue PMG Gem Uncirculated 65. Although the face margins are a bit uneven, they are far broad enough at the closest point to support the Gem grade. The colors of the note are terrific, and the back centering is right on. Second Issue 25¢ notes in Gem condition are not seen with much frequency, and the Green Sheet price does not reflect their actual rarity at all.

13023

Fr. 1286 Milton 2R25.3g 25¢ Second Issue Inverted "S" PMG Choice Uncirculated 63. From our sale of the Tom O'Mara Collection, where it was described, "Much more rare as a regular issue note than as an experimental. There are about seven or eight pieces known, but on most, the inverted "S" can barely be discerned. On this note, it is razor-sharp and utterly unmistakable. It was acquired by Tom when he purchased the Doug Hales Collection, and Doug had bought it years earlier from Ossie." The census has gone up a bit, but this is still as rare, as well as a popular variety.

13024

Fr. 1286 25c Second Issue Inverted "S" PMG Choice Very Fine 35. This is one of about a dozen examples known. This Inverted "S" is a new piece to the short census for this type. The "S" unfortunately is not particularly clear, but it is clear enough for those who have studied these varieties for years. This rare variety is listed on the third-party holder.

13025

Fr. 1289 25c Second Issue PMG Choice Uncirculated 64 EPQ. Price guides may be years behind on this issue. The last time we offered an example of this scarcer fiber paper issue was in 2004. Adding to the appeal of this note is a deep purple back design with bold surcharges.

13026

Fr. 1290 25c Second Issue Gem New. A hugely margined fiber paper note which is rarely, if ever, encountered in such a lofty grade. The margins on the face are absolutely huge, the bronzing bright, and the surcharges clearly defined. This note's last auction appearance was two years ago where it realized $1,265. Any fractional novice is well aware of how far the market has advanced since then for gem quality notes.

13027

Fr. 1314SP 50¢ Second Issue Wide Margin Back PMG About Uncirculated 55. Net graded by PMG, with the comment, "Adhesive Residue."

13028

Fr. 1316 50¢ Second Issue PMG Gem Uncirculated 65. Fr. 1316 is a bit of a sleeper number. PMG has graded only this one 65 at the Gem level, and one higher. The note is very nicely margined, with strong ink color on both sides. Many times scarcer than the Fr. 1317 and Fr. 1318.

13029

Fr. 1316 50c Second Issue PMG Choice Uncirculated 64 EPQ. This note poses a slight dilemma, as the bronzing is perfectly centered, however the margins are not for the full gem grade.

13030

Fr. 1317 50c Second Issue PMG Choice Uncirculated 64 EPQ. The surcharges are deeply printed and the face shows ample margins.

13031

Milton 2E50R.4e 50¢ Second Issue Experimental PMG Gem Uncirculated 65 EPQ. Only three examples are known of this note. All three are high grade, but this piece has better centering than either our Friedberg or O'Mara example. The note has terrific eye appeal and a charismatic attraction due to its "Which side is up?" enigma. The note has the full bronzing both face and back of the regular issue Fr. 1321, but the back engraving is printed on the same side of the note as the bronze oval, and the large bronze "50" and "R-2-18-63" surcharge appear on the other side. A few examples are known punched and stamped, but free of those cancellations, this Fiber Paper Experimental is an extreme rarity.

13032

Milton 2E50R.4b 50¢ Second Issue Experimental Invert PMG Gem Uncirculated 65 EPQ. Previously Lot 1080 from our January 1997 sale of the Milt Friedberg Collection. Several hole-canceled examples of this note are known, but only three uncanceled pieces. One of the uncanceled examples is damaged; the other two are this piece and the O'Mara piece. All uncanceled Second Issue Experimentals are quite scarce, and this one, with the inverted bronze, is striking-looking and popular as well as rare.

13033

Fr. 1318 50c Second Issue PMG Gem Uncirculated 65 EPQ. A well centered bronze oval frames Washington's portrait and adds to the eye appeal of the note.

13034

Fr. 1318 50c Second Issue PMG Choice Uncirculated 64 EPQ. Ample margins frame this well printed piece.

13035

Milton 2E50FR.1 50¢ Second Issue Negative Essay PMG Choice About Unc 58 EPQ. This 50¢ Negative Essay piece was previously Lot 1059 from our January 1997 sale of the Milt Friedberg Collection. This rare Negative Reverse Experimental is not punched or stamped, and it has the full face engraving. The back is a beautiful bright-red color, negative matrix reverse, with the "D-5-18-63" surcharge referred to in the Chapman sale of the Wilcox Collection in 1904. The so-called "Negative Essay," "Reverse Matrix," or "Negative Matrix" reverse is in reality none of these three things. Early catalogs erroneously called these "Matrix Reverses," mistakenly believing that they were printed from matrix dies (transfer rolls) rather than plates. Some also felt, as the Chapmans did, that the notes were printed from plates that had been made from other plates rather than from matrix dies or transfer rolls. The term "Negative Reverses," or "Negative Essays," came from the appearance of the notes, which look at a glance like a photo negative, that is, the dark areas appear light and the light areas appear dark. However, this is not consistent throughout the entire design, as the denomination, parts of the shield and the lettered ribbons are not reversed. This back design was simply an unadopted proposal where someone decided that certain design elements would look better reversed. Debate still continues today as to whether these Negative Essays or the adopted positive designs are the more handsome. The term "Negative Essay," while it would not be technically correct in the realm of professional photography, has been universally accepted by Fractional collectors, dealers and researchers. This piece has the entire, completed face printing, lacking only the bronze. The back is the full bright red Negative Essay printing, including the large bronze "50" and the "D-5-18-63" corner surcharges which are found only on these negatives. We believe this note to be Legal Tender, and it could easily have been assigned a Friedberg number had the Friedbergs been aware of its existence in 1953 when that book was first published. This is one of only three examples known, one of which is in the Smithsonian. This piece has perfect original paper quality, razor sharp printing, bright bronze surcharges and ideal centering.

13036

Milton 2E50FR.8 50¢ Second Issue Experimental Lavender "Wallpaper" Note PMG About Uncirculated 55 EPQ. This important and highly intriguing piece was previously Lot 16435 from our May 2005 sale of the O'Mara Collection. Prior to that, it was Lot 1067 from our January 1997 Milt Friedberg Collection Sale. It was described there, "Apparently lot 971 from the S.H.&H. Chapman February 15, 1904 sale of the Wilcox Collection. The piece was described there, '50¢ reverse as regular issue but without gilt 50, etc. reverse shows an elaborate series of designs in lavender - thick fiber paper.' This About New piece matches that description exactly, the only exception being that the Chapman sale makes no mention of contemporary writing on the 'wallpaper' side, 'W.P. 1863 Nov 13, 1863.' This lavender design was seen on a larger sheet of paper by Milt Friedberg at one point. He believes it to be a border design that surrounds an engraving of the Treasury Department building. If this is the Chapman example, the note is likely unique; if it's a different example, then two are now known. As an uncanceled, unstamped 50¢ back Experimental, it would be of major importance even without its intriguing 'face.'" Denly's of Boston to Milt on April 1, 1985; MRF CAA 1/97 Lot 1067. O'Mara CAA 5/05 Lot 16435.

13037

Fr. 1320 50c Second Issue PMG Choice Uncirculated 63 EPQ. The surcharges are deeply printed and the design is boldly imprinted on the fiber paper.

13038

Milton 2E50R.5 50¢ Second Issue Experimental PMG Gem Uncirculated 65 EPQ. A much nicer example of this very scarce uncanceled Experimental. It is superior to the O'Mara piece, and on a par with the Friedberg piece. Only four examples are known: the two mentioned above, a damaged one and this PMG-65 EPQ. All uncanceled Second Issue Experimentals are rare, and this piece, with its striking appearance, should prove to be a popular lot. It is basically identical to the Regular Issue Fr. 1322. It's printed on the same paper, and lacks only the face printing.

13039

Fr. 1322 50¢ Second Issue PMG Choice Uncirculated 63 EPQ. A brightly colored example of the most available Fiber Paper issue. Save for a tight left face margin, this pretty piece seems to have all the attributes of a Gem.

13040

Fr. 1226 3c Third Issue Vertical Strip of Four Extremely Fine. Folded between each note and lightly circulated.

13041

Fr. 1227SP 3¢ Third Issue Wide Margin Pair PMG Choice Uncirculated 64 EPQ. Both Face and Back are fully wide. The Back has the bronze "SPECIMEN" on its blank back inverted, which is relatively common for these. Nice Wide Margin 3¢ Pairs have become very difficult to locate in the market.

13042

Fr. 1236 5¢ Third Issue Courtesy Autograph PMG Choice Uncirculated 63 EPQ. Boldly signed on the red back by James Gilfillan, who has signed on two lines, "Jas Gilfillan - Treasurer U.S." For some reason, Clarks are seldom seen as the host notes for Fractional Currency autographs. The Milt Friedberg Collection contained only four Clarks out of nearly 80 examples, and the O'Mara Collection contained just a single Clark out of 70 examples. It's certainly not the size that causes this lack of Courtesy Autographs on Third Issue 5¢ notes, as the slightly smaller 3¢ note is a common Courtesy Autograph host.

13043

Spencer M. Clark Presentation Pitcher. This wonderful silver pitcher may well be the ultimate Fractional Currency collection association item. On Christmas Day in 1864, the employees of the National Currency Bureau, the institution that would become the Bureau of Engraving and Printing, presented their boss with an 11 ½" tall by 7 ½" wide silver pitcher with the following engraving:

Presented by The Employees of the National Currency Bureau To Spencer M. Clark Chief of 1st Division as a token of their esteem December 25, 1864

Spencer M. Clark, who was Superintendent of the National Currency Bureau and later the BEP (1862-1868), was a bit of an eccentric genius. He is best known for placing his own portrait on the Third Issue Five Cent Fractional Currency note. The note was first issued in January of 1865. Whether intended as an actual act of colossal vanity or merely as an insiders' joke, Spencer Clark's self-serving deed brought the wrath of Congress down on both Clark and the Bureau. The Act of April 7, 1866, which prohibited the placing of the portrait of any living person on U.S. currency, was a direct result of Clark's misuse of his authority.
Earlier in his career, Clark had also gotten his neck in a wringer over his association with Stuart Gwynn, a questionable character who was responsible for supplying both printing presses and bank-note paper to the National Currency Bureau. Both the Treasury Department and Congress investigated Gwynn and his relationship to Clark. The Treasury Department investigation created a 48-page official report submitted to the Secretary of the Treasury Salmon P. Chase that detailed various supposed misconducts by Gwynn and Clark. A second report went to Congress (38th Congress, First Session, House of Representatives, Report #140), courtesy of the Treasury Investigating Committee. Both hearings took place in the first half of 1864.
Somehow, Clark retained his job. And later that year, he was given
this pitcher by his employees. Our consignor obtained it years ago from his mother-in-law, who had been a next-door neighbor of Clark's descendants, and she had received the pitcher as a gift.
The bottom of the pitcher indicates that it was made of coin silver by Gorham between 1855 - 1860. Simply as "just another" 1860's silver pitcher, this would be a solid four-figure item. With its direct currency connection, it is of inestimable value to the Fractional Currency community.

13044

Fr. 1236/38SP 5c Third Issue Wide Margin Set of Three PCGS Gem New 65PPQ/66PPQ/66PPQ. All three pieces of this Clark Wide Margin trio have earned the coveted "Premium Paper Quality" designation. The face is graded 65, while both the red and green backs earned the 66 grade. All three are well embossed with great color and exceptional eye appeal. Our last sale proved just how hungry dealers and collectors alike are to find high quality wide margin specimens as they have not been available in great quantity. The PCGS holder incorrectly identifies the face as a Fr. 1232SP which is easily fixed.

13045

Fr. 1236sp 5c Third Issue Wide Margin Face PMG Choice Uncirculated 64 EPQ. The margins on this issue are broad, even for a wide margin specimen. On back is an extra deep impression of the bronzed word SPECIMEN.

13046

Fr. 1238 5c Third Issue Inverted Back Error PMG Gem Uncirculated 65 EPQ. As fine a quality invert as any we have handled. This note has great margins, ideal color, original embossing and spectacular print quality. There are only about ten Clark inverts known for all numbers, with the majority being Fr. 1238's (six or seven). This example faces up just as nicely as the Superb Gem New example that we sold at our 2006 FUN Sale for $2,300. Today's fractional marketplace has a much greater appreciation for such rare and highly prized items.

13047

Milton 3E5R.1a 5¢ Third Issue Bristol Board Green Back PMG Uncirculated 62. Bristol Board Proofs are among the most popular and rarest of the Fractional Currency Specialty Pieces. This Green Back is even more desirable as it has the partial plate number 60 in its lower left corner. It has a razor sharp impression, and it was printed using extremely heavy pressure. These Bristol Board Proofs were printed directly on the soft, thick card stock with no intervening India paper. In spite of the very thick stock, the plate pressure was sufficient to emboss it through to the back. There are perhaps four of these Green Back Clark Bristol Boards in existence.

13048

Fr. 1239 5c Third Issue Gem New. A broadly margined Clark with ideal centering of both sides, bright colors, and non of the normal ink smears that are prone to appear on this issue. An exceptionally nice example of the type, and the tougher of the two Greenback numbers.

13049

Fr. 1251/54SP 10c Third Issue Wide Margin Pair PMG Gem Uncirculated 66 EPQ. Both the face and red back of this pair have earned the coveted "EPQ" designation with each receiving the 66 grade. With Wide Margin specimens a high-demand segment of the fractional market we would fully expect the four-figure price threshold to be surpassed.

13050

Fr. 1251sp 10c Third Issue Wide Margin Face PCGS Gem New 65PPQ. The wide margins are nearly even adding the the eye appeal of this scarce Specimen.

13051

Fr. 1252 10¢ Third Issue PMG Choice Uncirculated 64 EPQ. A handsome example of this scarce Red Back type with the design number "1" on the face. The colors are excellent, and the centering of both sides is far above average.

13052

Fr. 1253 10¢ Third Issue Gem New. The rush to slab high end Fractionals over the last few years has left few really nice pieces around outside of holders. This hand-signed Red Back is one of those few. It has deep original embossing, broad even margins, ideal centering, and tons of eye appeal.
From The John Ameen Collection

13053

Fr. 1253 10c Third Issue PMG Choice Uncirculated 64 EPQ. This bright example displays strong signatures which remain intact and erosion free.

13054

Fr. 1253SP 10c Third Issue Wide Margin Face Gem New. Bold autographs and superb original embossing are seen on this exquisite Wide Margin specimen.

13055

Fr. 1255 10c Third Issue PMG Superb Gem Unc 67 EPQ. Oversized margins for the issue framed this perfectly printed and wholly original piece.

13056

Fr. 1255 10c Third Issue PMG Gem Uncirculated 66 EPQ. An extremely handsome Third Issue 10¢ Green Back with excellent centering, bright colors, and flashy bronze.

Golden Age (1938-1955)

13057

Fr. 1256 10c Third Issue PMG Gem Uncirculated 65 EPQ. This is a nicely margined example of the "1" on face variety.

Fractional Currency

13058

Fr. 1272SP 15c Third Issue Narrow Margin Pair PMG Gem Uncirculated 65 EPQ/64EPQ. Both the face and red back have earned the prized "EPQ" designation. The face grades 65 with the back weighing in at a solid 64. To say that gem Grant-Shermans are a hot segment of the market would be a rather bold understatement.

13059

Fr. 1272sp 15c Third Issue Narrow Margin Pair Choice New. This pair boasts pleasing paper color despite having been glued together. Some remnants of mounting glue are noted in the corner but are difficult to locate.

13060

Fr. 1272SP 15c Third Issue PCGS Choice About New 58PPQ & 55. The face grades a touch better than the back, but this pair displays plenty of eye appeal.

13061

Fr. 1272SP 15c Third Issue Narrow Margin Pair Extremely Fine-About New. An attractive pair that is well matched for quality. The face grades a solid Extremely Fine with a couple of very light shield remnants and the green back grades About New as there are a couple of light corner folds. All Grant-Sherman notes have been experiencing unabated demand.

13062

Fr. 1273sp 15c Third Issue Narrow Margin Back PMG Gem Uncirculated 65 EPQ. Milton 3S15R.1.
This red back specimen boasts most pleasing original color and pleasing paper quality.

13063

Fr. 1275SP 15¢ Third Issue Narrow Margin Pair Very Choice New. The technical grade on this pair would be gem save for the ink smear in Spinner's autograph. Bright, well margined and nicely centered, expect some heated bidding before the hammer finally falls.

13064

Fr. 1274SP 15¢ Third Issue Narrow Margin Pair Extremely Fine. The face has a top and a bottom edge tear with each tear being approximately a half an inch. The Red Back has good embossing and it is closer to the About New grade.

13065

Fr. 1275sp 15c Third Issue Narrow Margin Face PMG Superb Gem Unc 67 EPQ Milton 3S15F.4. This attractive face has ideally even margins on the face and boasts perfectly original paper with boldly executed penned signatures.

13066

Fr. 1291 25c Third Issue PMG Gem Uncirculated 65 EPQ. Superb quality margins add to the overall eye appeal of this Gem. Though the back design is centered a touch low, it is still fully margined and boldly colored.

13067

Fr. 1294 25¢ Third Issue Inverted Back Surcharge PMG Extremely Fine 40. One of the more "common" Inverts, with about a dozen examples known. The colors are strong, and the inverted bronze "25" on the back is extremely bold, adding strong eye appeal to this neat note.

13068

Fr. 1294sp 25c Third Issue PMG Choice Uncirculated 63. The bronzing on the face of this narrow specimen is strong and the margins adequate for the grade. The typically inverted "SPECIMEN" can be seen across the back.

13069

Fr. 1298 25c Third Issue PCGS New 62PPQ. Tight across the top, but an otherwise very nice example of this "a" Fiber Paper Fessenden.

13070

Fr. 1324 50c Third Issue Spinner PCGS Choice New 63PPQ. Embossing is noticed on this note that appears to be hindered only by its upper right frame line just disappearing as you get to the corner.

13071

Fr. 1326 50c Third Issue Spinner PMG Gem Uncirculated 65 EPQ. There is strong embossing on this example that has three overly wide margins.

13072

Fr. 1326 50c Third Issue Spinner PMG Choice Uncirculated 64 EPQ. This amply margined Spinner features the "1" on the face near the left end of the note.

13073

Fr. 1327 50¢ Third Issue Spinner PMG Gem Uncirculated 66 EPQ. A beautifully margined and very bright Red Back Spinner. PMG has noted on their holder that the pedigree of this note can be traced back to the FCC Boyd Collection. Fr. 1327 is a scarcer Friedberg number. Only two examples with the design letter "a" were to be found on the sheets of twelve.

13074

Fr. 1327 50c Third Issue Spinner PMG Choice Uncirculated 63 EPQ. Solid margins are noted on all sides of this red back Spinner.

13075

Fr. 1328 50c Third Issue Spinner PMG Choice Uncirculated 64 EPQ. The margins on this issue are certainly worthy of a full Gem designation and enticing to a bidder looking for a note with the eye appeal of a full Gem.

13076

Fr. 1328 50c Third Issue Spinner PMG Choice Uncirculated 64 EPQ. The paper is solid where the heavily inked Signatures of Colby and Spinner were applied over one hundred years ago.

13077

Fr. 1328 50c Third Issue Spinner PMG Choice Uncirculated 63 EPQ. Another hand-signed Colby-Spinner that PMG correctly assigns the "EPQ" designation as bright ink colors and cavernous embossing are present.

13078

Fr. 1328 50c Third Issue Spinner Choice New. Bold signatures and cavernous embossing are found on this red back Spinner note. Only some light corner handling prevents a higher grade from being assigned.

13079

Fr. 1329 50c Third Issue Spinner New. This Allison-Spinner hand-signed variety has always been popular with collectors due to its scarcity and availability in New condition. This example has a technical grade of Choice New or better with ample margins, bright bronzing and exceptional embossing. The presence of a central glue spot is the grade-limiting factor.

13080

Fr. 1332 50c Third Issue Spinner PMG Choice Uncirculated 64 EPQ. An exceptional example of this scarcer number which is found in an unusual state of preservation. The margins are huge and the embossing incredibly deep. Though the population report at PMG is in its infancy, preliminary results of the Fr. 1332's that have been submitted to grading show only two 64 EPQ's with only one note in a finer grade.

13081

Fr. 1339 50¢ Third Issue Spinner Type II PMG Gem Uncirculated 66 EPQ. A broadly margined Type II Spinner, with good centering on both sides. Back plate number 3 appears in the lower-right corner. Type II Spinners in 66 are never going to be common.

13082

Fr. 1339 50c Third Issue Spinner Type II PMG Choice Uncirculated 64 EPQ. Broad margins frame this Spinner on three sides.

13083

Fr. 1340 50c Third Issue Spinner Type II PMG Choice Uncirculated 64 EPQ. A near-Gem example of this very scarce Type II "1" and "a" Spinner. The margins are exceptional, the back centering perfect and the overall appearance extremely pleasing. This scarce and pretty note comes very close to the full Gem grade.

13084

Fr. 1340 50c Third Issue Spinner Type II PMG Choice Uncirculated 64 EPQ. Oversized margins frame this bright, original issue.

13085

Fr. 1340 50¢ Third Issue Spinner Type II PMG Choice Uncirculated 64. Apparently downgraded for a tiny pinhole in the top margin, as the note appears to be of full Gem quality in every other respect.

13086

Fr. 1342 50¢ Third Issue Spinner Type II PMG Gem Uncirculated 66 EPQ. A well margined, handsome example of the second scarcest of the Type II Spinners. Along with the coveted Exceptional Paper Quality comment, PMG has added the second positive, "Great Bronzing." A very hard number to find this nice.

13087

Fr. 1342 50c Third Issue Spinner Type II PMG Gem Uncirculated 65 EPQ. In May we featured another Gem Type II example of this issue, which on average appears only a couple of times a year in this state of preservation. That piece realized nearly three times its $600-up estimate after spirited floor bidding. We certainly expect this piece will receive the same attention in a market hot for quality Fractionals.

13088

Fr. 1343 50¢ Third Issue Justice PMG Gem Uncirculated 65 EPQ. Red Back Justices in 65EPQ will always remain scarce. To this point, PMG has graded four examples at this level, with none higher. The note has terrific color, bright bronze and strong eye appeal.

13089

Fr. 1345 50¢ Third Issue Justice PMG Gem Uncirculated 66 EPQ. A much scarcer Justice number, and in incredible condition. The margins are amazingly broad for a Justice, the colors are excellent, as is the eye appeal. PMG has graded only two Fr. 1345's at this 66 level, with none higher, and only one 65. Red Back Justices in 66 EPQ will always be rare. Expect some serious competition for this terrific note.

13090

Fr. 1345 50c Third Issue Justice Gem New. This ex-O'Mara note was described as "A gorgeous example of this tough number, with margins all the way around, bright bronze, deep original embossing and tons of eye appeal." Not much has changed since its last auction appearance two years ago where it realized a four figure price.

13091

Fr. 1346 50¢ Third Issue Justice PMG Gem Uncirculated 65 EPQ. This Red Back "a" Justice is the only Gem PMG example of this number, graded at the 65 EPQ level with none higher. There is a single 64, but it is not EPQ. The note has exceptional margins for the number, along with bold, bright color and embossing that can be easily seen through the third-party holder.

13092

Fr. 1346 50c Third Issue Justice New. Light corner handling and uniform toning are found on this extremely well embossed Red back Justice note.

13093

Fr. 1347 50c Third Issue Justice PMG Choice Uncirculated 64 EPQ. Deep embossing is clearly seen on the back of this bold and original note. The right margin intrudes slightly into the design, but does little to affect the overall eye appeal.

13094

Fr. 1347 50c Third Issue Justice PCGS New 62PPQ. Spectacular color, good original embossing, and three huge margins highlight this flashy Red Back Justice. If it had a left face margin equal in size to the other three, it would be one of the finest Red Backs we have seen.

13095

Fr. 1348 50c Third Issue Justice PMG Very Fine 25 Net. A similarly graded example of this issue appeared in one of our auctions in the Spring of 2006. That note which also had a small repaired tear realized more than $800, illustrating the demand for this scarce issue.

13096

Fr. 1355 50c Third Issue Justice PMG Choice Uncirculated 64 EPQ. The paper is not compromised by the boldly inked signatures.

13097

Fr. 1359 50c Third Issue Justice PMG Net About Uncirculated 50. PMG confirms that the upper right corner has been reconstructed, rather nicely, on this, the toughest Geen Back Justice without surcharges.

13098

Fr. 1361 50c Third Issue Justice PMG Choice About Unc 58 EPQ. This attractive Green Back Justice has a lone fold to the right of center.

13099

Fr. 1362 50c Third Issue Justice PMG Choice Uncirculated 64 EPQ. A fully margined, bright, and well embossed example of this Green Back Justice type that would surely garner the Gem grade in many dealer showcases.

13100

Fr. 1362 50c Third Issue Justice PMG Choice Uncirculated 63 EPQ. The bronze underprint is bold on this well preserved note that is restricted by two close margins.

13101

Fr. 1362 50c Third Issue Justice Choice New. Good original embossing, blazing bright bronze, and far better-than-average margins make this a highly desirable Green Back Justice. The left end of the top margin comes close to the frame line, save for that, this piece would be a Gem.

13102

Fr. 1365 50c Third Issue Justice Inverted Back Surcharge Very Fine. This is a very pleasing example of a rare Justice invert. This is now the fourth example known with the last one we sold in the O'Mara sale realizing $632.50, and that was only a Fine. With the great price appreciation of the past couple of years and new collectors entering the fractional arena this is sure to be a four figure item.

13103

Fr. 1366 50¢ Third Issue Justice Inverted Back Surcharge PMG Very Fine 25. Previously Lot 835 from our January 1997 sale of the Milt Friedberg Collection. Fr. 1366 is a very rare Invert, with only three of four examples known. Fr. 1366 through 1369 is a rare series for Inverts, with only seven or eight known for all four numbers combined. This is a handsome, mid-grade piece with good color and far better than normal Justice centering. The Milt Friedberg Collection pedigree is mentioned on the PMG holder.

13104

Fr. 1367 50c Third Issue Justice Extremely Fine. A new Fr. 1367 to the census and an extremely nice lightly circulated one. The bottom margin is tight, but clear of the frameline at all points, and the other margins, particularly the top, are quite large for a Justice. Both the "1" and "a" are clear and distinct, and unlike many "1" and "a" Justices, this piece is well printed all the way to the edge of the design on both sides. CAA has offered 15 Fr. 1367s over our 17 year history, but that number likely represents just five or six different notes. Fr. 1367 is one of the ten rarest regular issue Fractional notes and this fresh original piece, with good color and all its embossing in tact, will certainly slip right past the four-figure mark.

13105

Fr. 1370 50c Third Issue Justice PMG Choice Uncirculated 64 EPQ. Fresh, crinkly and utterly original. The margins are solid and the design details boldly printed.

13106

Fr. 1370 50c Third Issue Justice PMG Choice Uncirculated 64. Two minor residue spots from a previous mounting are the only mentionables on this simply gorgeous Colby/Spinner Justice.

13107

Fr. 1370 50c Third Issue Justice About New. This elusive Fiber Paper variety Justice has a dark bronze overprint while sporting the typical margins for this design, two close and two ample. The back is centered a little high, though overall it's an original paper beauty.

13108

Fr. 1371 50c Third Issue Justice Extremely Fine. Last appearing in our 2005 FUN sale, where we described it as "Three very light folds away from the Gem New grade and one of the half dozen nicest Fr. 1371s in existence. The note is exceptionally well printed, beautifully bright, ideally centered on both sides and with all the eye appeal of a Gem. We've handled several technically uncirculated Fr. 1371s that have nowhere near the eye appeal or value of this lightly folded beauty. Extraordinarily underpriced on today's market, with perhaps twenty examples known in all grades combined."

13109

Fr. 1372 50c Third Issue Justice PMG Choice Extremely Fine 45. This piece appears fully About New, though close examination reveals a few folds. Overall, the eye appeal is exceptional even with the top margin being cut slightly into the design.

13110

Fr. 1372 50c Third Issue Justice with Inverted Plate Number Extremely Fine. The allure of this Fiber Paper Justice note is the inverted plate number 29 in the back upper corner. Otherwise, this is a lightly circulated note with a sizeable tape-repaired tear.

13111

Milton 4E10F.2 10¢ Fourth Issue Proof PMG Gem Uncirculated 66 EPQ. This is one of the nicest examples of this very rare piece that we have seen. All of the known examples came from the same intact sheet, which was discovered in the fall of 1985. The sheet was cut into pairs and singles at the 1986 Memphis show. The 20-subject sheet had folds and tears at its edge, but the internal notes were lovely. This Proof clearly is one of the internal notes. It's beautifully margined, with ideal color, and it has earned the EPQ designation from PMG. This cardboard Proof is from the completed plate of the Fourth Issue Ten Cent, lacking only the red seal.

13112

Fr. 1257 10c Fourth Issue PMG Gem Uncirculated 66 EPQ. The watermark on this exceptional issue is clearly evident in the top margin, which like its compatriots is broad enough for a Superb grade.

13113

Fr. 1259 10¢ Fourth Issue PMG Superb Gem Unc 67 EPQ. PMG has graded only two Fr. 1259's at this 67 EPQ level, and no examples have been graded higher. It's a Superb piece in every sense of the word, with ideal color, huge margins, great centering of both sides and super eye appeal. This is not a rare number at all, but at the 67 EPQ level it becomes a significant grade rarity.

13114

Fr. 1261 10¢ Fourth Issue PMG Gem Uncirculated 66 EPQ. PMG has graded none higher than this Fr. 1261. It has beautiful color, good centering of both sides and lots of eye appeal.

13115

Fr. 1267 15c Fourth Issue PMG Gem Uncirculated 66 EPQ. A broadly margined, bright 15¢ note that looks, to this cataloger, as though it would have been as equally at home in a 67 holder. A very nice piece.

13116

Fr. 1267 15¢ Fourth Issue Gem New. The seal color on this broadly margined 15¢ note is closer to maroon than the normally-seen red. This is the color variety that is often identified as brown. The note has margins that vary in size from large to (in the case of the top margin) bizarrely outsized. It is crisp, fresh, and strictly original. Likely headed to a high-end slab shortly after the sale.
From The John Ameen Collection

13117

Fr. 1267 15c Fourth Issue Very Choice New. A lovely, original example of this one denomination type. The note has excellent margins with the right being a little too narrow to qualify for the gem grade. Collector demand has increased dramatically for this denomination to satisfy type set builders.

13118

Fr. 1267 15c Fourth Issue Extremely Fine. Every once in a rare while, an unusual item presents itself--this is one of those. What would otherwise be a very ordinary 15¢ Fourth Issue note is something we have never seen before. The note is centered low both face and back allowing for an extremely large top margin. At the upper right corner of the back, there is a printed area that we simply cannot explain. It is not from this or any other issue of fractional currency. It is clearly bank note printing that we have no explanation for. It could be from a bond or coupon of some sort that was printed at the edge of this sheet or perhaps on a larger sheet that was cut down. In any event, it is a total mystery to us and should prove quite fascinating to the fractional specialists. Hard to estimate, but it should fall somewhere between the price of a newspaper and the gross national product. This one is pretty neat! Perhaps...

13119

Fr. 1269 15¢ Fourth Issue PMG Gem Uncirculated 66 EPQ. 1269's are far scarcer than -67's and -71's. They also - to this cataloger - have the best eye appeal, with the large, dark red seal and blue-tinted right ends. PMG has graded only three 1269's at this level, with just a single 67 EPQ. This note certainly looks like it has the credentials to have been a seven. It's hugely margined, with great color and near-perfect centering of both sides. This one will not prove to be inexpensive.

13120

Fr. 1269 15c Fourth Issue PMG Gem Uncirculated 66 EPQ. Fr. 1269 is both a somewhat more difficult number and, in this cataloger's opinion, the most handsome of the 15¢ varieties. PMG has only graded 3 at this level, with one higher.

13121

Fr. 1269 15c Fourth Issue PCGS Gem New 65PPQ. The blue-end paper on this 15¢ note is very bold and contrasts beautifully with the large red Treasury seal.

13122

Fr. 1271 15c Fourth Issue PMG Gem Uncirculated 66 EPQ. The front to back centering is ideal as are the margins. Overall, the printed design is bold.

13123

Milton 4S25F.1 25¢ Fourth Issue Plate Proof PMG Gem Uncirculated 65 EPQ. This incredible Fourth Issue Plate Proof was acquired by our consignor as Lot 16470 from our May 2005 sale of the Tom O'Mara Collection. Previously, it was from our January 1997 Friedberg Sale, Lot 1102, where it was described as: "An utterly Superb Proof of the 25¢ Fourth Issue note pulled from the finished plate onto soft, white India paper. Very few Fourth Issue Proofs are known. This note is represented by only two other known examples - one of which is in the Smithsonian, and both of which have hole cancels in the signature block and wide margins. This piece, which has margins the size of a normally issued note, is the only known proof of the finished plate that is uncanceled. The printing is razor-sharp, obviously from a brand-new plate, and possibly from the master. The paper, although appearing to be the normal India Proof Stock at a glance, has a scattering of red fibers in it. Nothing could be more rare, and the condition is utterly unimprovable." This piece had previously been lot 2326 from NASCA's Rockholt Sale.

13124

Fr. 1301 25c Fourth Issue PMG Gem Uncirculated 65 EPQ. While this is a very common note up through the lower circulated grades, it is extremely hard to find this nice. To this date, PMG has graded only this single 65 EPQ with just one piece higher. The numbers are certain to go up, but for this Friedberg number they will not be going up fast.

13125

Fr. 1301 25¢ Fourth Issue PMG Choice Uncirculated 64 EPQ. This Fourth Issue 25¢ is the variety printed on the watermarked paper. It's bright and well margined, and it falls just short of the full Gem grade.

13126

Fr. 1301 25¢ Fourth Issue PMG Choice Uncirculated 63 EPQ. Although PMG makes no mention of it on the holder, the seal on this note approaches the tone considered brown by most collectors. Unlike the Large Size notes of this same era, Fractionals were not printed with both red and brown seals. All seals on these Fourth Issue notes were printed in red. Exposure combined with varying properties of sizing chemicals caused some red seals to turn brown over time. Decades ago, these were collected a separate variety. That situation has now been corrected, but many collectors still like to add "Brown Seals" to their holdings. This 1301 comes quite close.

13127

Fr. 1374 50c Fourth Issue Lincoln PMG Choice Uncirculated 64. This piece boasts the same bold design of a piece in our May Signature Auction that realized nearly $1,900 in the same grade. Though the margins are not as broad, we anticipate another round of spirited bidding.

13128

Fr. 1374 50¢ Fourth Issue Brown Seal Lincoln PMG Uncirculated 62 EPQ. The lack of a right face margin has hurt the grade on this stately looking Lincoln. PMG has noted, "Brown Seal" on the front of the holder, which has the "Exceptional Paper Quality" comment on the back. This note has a seal that is fully as brown as any we have handled. And while none of these was actually printed in brown ink to the best of our knowledge, if you're looking for a Fourth Issue Brown Seal to add to your collection, this is as good as it gets. The price may well surprise here.

13129

Fr. 1374 50c Fourth Issue Lincoln PMG Uncirculated 61 EPQ. A small corner tip fold that misses the design entirely keeps this Choice quality note from a higher grade.

13130

Milton 4S50F.1a 50¢ Fourth Issue Proof Choice About New. This piece was previously part of the Thomas O'Mara Collection and is an incredible item that we have certainly never seen before and one of a very few special printings of the 50¢ Lincoln notes of any form on any paper. Interestingly, the Milt Friedberg Collection did not contain any form of Lincoln Specimen or Proofs. There are some minor surface wrinkles and the note faces up well for having been previously mounted. One corner has also been reinforced with archival tape.

13131

Fr. 1374 50¢ Fourth Issue Lincoln Choice About New. A single very soft fold holds this attractive decently-margined Lincoln from the Choice New grade.
From The John Ameen Collection

13132

Fr. 1376 50c Fourth Issue Stanton PMG Choice Uncirculated 64 EPQ. A very colorful Stanton note that has all of the attributes of a gem but the margins do not support that grade.

13133

Fr. 1376 50c Fourth Issue Stanton PMG Choice Uncirculated 64 EPQ. A handsome Stanton that comes quite close to the full Gem grade.

13134

Milton 5E10R.2 10¢ Fifth Issue Back Proof PMG Choice Uncirculated 63. Previously Lot 1105 from our January 1997 sale of the Milt Friedberg Collection. Prior to that, it was Lot 182 of Superior's 1982 sale of the Fraser Collection. The note is one of only a handful of Fifth Issue Specimens known to exist. There are minor mounting stains in the corners of the blank back.

13135

Fr. 1265 10c Fifth Issue PMG Gem Uncirculated 66 EPQ. A common note in lower grades is this Long Key Meredith, but one that is decidedly scarcer in the upper grade range.

13136

A Trio of Fr. 1265's 10c Fifth Issue PMG Gem Uncirculated 65 EPQ. This perfectly matched trio boasts perfectly even margins and wholly original paper.

13137

A Trio of Fr. 1265's 10c Fifth Issue PMG Gem Uncirculated 65 EPQ. Pleasing, original paper is easily viewed in the holders on this well matched trio.

13138

Fr. 1381 50c Fifth Issue PMG Gem Uncirculated 65 EPQ. Pleasing, original examples of this issue in Gem always command attention at auction. This piece is well margined and boldly colored.

13139

Gray Fractional Currency Shield. The shield is in a modern wood frame which employs an anti-UV covering and has been cut away from its background along the edges of the background and mounted on a heavy tan card. The gray background is boldly printed and all the notes are fairly bright save for the always faded 25¢ Second Issue back. The shield has a number of folds that fall primarily between the notes and it is torn along a fold between the second and third row of notes. There is also a three-inch tear into the background at the top. Although not a terribly nice example, it faces up rather well.

13140

Gray Fractional Currency Shield. Housed in a contemporary plaster and wood frame with a broad-planked back. The frame has a number of chips, but is still far nicer than the wretched shield offered in our last sale. The shield itself is extremely aged with stains, tears, folds, and a little insect damage. A few notes are missing small pieces. The high point are the two Grant-Sherman pairs which have not aged as badly as the rest of the shield. We always try and find something nice to say about every lot. In this case, the best we can do is...a genuine shield.

Session 3

National Bank Notes

13141

Birmingham, AL - $10 1929 Ty. 1 The First NB Ch. # 3185
The front to back centering is ideal and the margins are full on all four sides. CGA Gem Uncirculated 65.

13142

Dothan, AL - $10 1882 Brown Back Fr. 490 The Dothan NB Ch. # (S)5909
The holder indicates a repaired tear in the top center. Luckily the expertly repaired tear runs between the letters in NATIONAL. At bottom are well executed signatures of the President and Assistant Cashier. PCGS Apparent Choice About New 55.

13143

Dothan, AL - $10 1882 Value Back Fr. 577 The Dothan NB Ch. # (S)5909
The signatures have faded on this tougher type for the state. Less than 50 Value Backs known. Fine.

13144

Montgomery, AL - $5 1902 Plain Back Fr. 600 The Exchange NB Ch. # (S)8284
An attractive example which is one of the highest grade notes listed in the census from this large only bank. Very Fine+, with bright purple signatures.
From The John Ameen Collection

13145

Albany, AL - $10 1902 Plain Back Fr. 632 The Morgan County NB Ch. # (S)6380
A problem free example that retains paper firmness. Very Good+.

13146

Juneau, AK - $10 1929 Ty. 1 The First NB Ch. # 5117
This is the ultimate note for any set of state capital examples, or for any state set for that matter. It comes from by far the scarcest of Alaska's three small size issuers, and from the only bank in this remote state capital. Fewer than a dozen Series 1929 specimens make up the entire Juneau small size census, with most of those pieces off the market for extended periods in the hands of serious collectors. We have only had one Series 1929 example to offer from here in the past fifteen years, with that piece realizing $20,000 four years ago. In a considerably more sophisticated market, expect this note to easily surpass that figure, likely by a considerable margin. Fine.

13147

Holbrook, AZ - $5 1902 Plain Back Fr. 609 The First NB Ch. # (P)12198
This bank has an interesting story behind its curious census, which stands at ten large examples. This figure is quite deceptive. Seven of the ten notes are low grade and somewhat damaged, as they were discovered in the so-called "Snowflake Hoard" in northern Arizona thirty years ago. The notes were buried in a tin can and suffered some rust and water damage, with several missing small pieces or showing other defects. That leaves only three pieces from here that are truly collectible, one Very Good, one Fine and one About Uncirculated. This specimen is new to that listing, having just been discovered and offered here for the first time to the collecting community. It is an evenly circulated and utterly problem free example with bright colors and strong blue signatures. Somewhat superior to the Fine example in the census, which changed hands in 2006 at $13,800. Fine+, a great note from this avidly collected state.

13148

Tucson, AZ - $10 1902 Plain Back Fr. 628 The Consolidated NB Ch. # 4287
The paper exhibited here is bright enough and firm enough for a split grade of Fine-Very Fine. Also, the signatures remain and the blue seal and charter numbers are bold.

13149

Yuma, AZ - $10 1902 Plain Back Fr. 628 The Yuma NB Ch. # (P)9608
Large notes only from this tough Yuma bank. Phoenix and Tucson notes have become hard to find, with examples from other Arizona communities offered only at ever increasing intervals. Over two years ago a PCGS Fine 12 sold at the 2005 Memphis auction, where it brought $7,762.50. Very Good-Fine.

13150

Arkadelphia, AR - $10 1929 Ty. 1 The Citizens NB Ch. # 10087
A tough note from the only bank chartered in this small Clark County location. Very Good+.

13151

Berryville, AR - $10 1902 Plain Back Fr. 630 The First NB Ch. # 10406
Our records indicate only two large size notes from this issuer have ever made public auction appearances, the last was in 1997. Since that time, interest in Nationals has increased significantly with no slowing for scarce issues. This piece is moderately circulated but boasts full signatures and solid paper, save for a lone pinhole. Very Good-Fine.

13152

Camden, AR - $5 1929 Ty. 1 The First NB Ch. # 4066
The only denomination issued in small size by this none too common bank. Evenly circulated Fine.

13153

Camden, AR - $10 1929 Ty. 2 The Citizens NB Ch. # 14096
A very scarce 14000 charter bank, with very limited auction sightings. Fine+, a great opportunity for collectors of 14000 charters as well as those who specialize in Arkansas notes.

13154

Clarksville, AR - $10 1929 Ty. 2 The Farmers NB Ch. # 11580
A more than acceptable specimen from Clarksville's only collectible 1929 issuer. Very Fine, with a few pinholes and a small lightly inked number on the front.

13155

DeWitt, AR - $20 1929 Ty. 1 The First NB Ch. # 10178
An evenly circulated Series 1929 example from the only bank in town to issue. Very Fine.

13156

El Dorado, AR - $20 1929 Ty. 1 The First NB Ch. # 7046
This pleasing, lightly circulated note is well margined. Very Fine.

13157

El Dorado, AR - $20 1929 Ty. 2 The First NB Ch. # 7046
A beautifully margined example from the first sheet of Type 2 twenties, with this piece bearing serial number A000005. Gem Crisp Uncirculated.

13158

Fayetteville, AR - $10 1902 Red Seal Fr. 613 The First NB Ch. # (S)7346
A well circulated piece with a few minor defects, but still a Fayetteville Red Seal, one of just four such examples known from this bank. Very Good.

13159

Fayetteville, AR - $10 1929 Ty. 1 The First NB Ch. # 7346
A beautiful small example displaying amazing original embossing. Choice About Uncirculated.

13160

Fort Smith, AR - $20 1929 Ty. 1 The First NB Ch. # 1950
Bright, fresh, and crackling new, but just a bit too close at the top to merit the Choice designation. Crisp Uncirculated.

13161

Fort Smith, AR - $5 1882 Brown Back Fr. 469 The American NB Ch. # (S)3634
The "Circus Poster" layout is the most eye catching and collectible design in the $5 Brown Back series. This note is problem free with wonderful penned signatures and crisp surfaces. As a type, Brown Backs from the state are composed of 21 examples with 13 being $5 notes, the majority from here. Fort Smith began as an outpost with the original fort being built in 1817 and abandoned in 1824. Another fort followed in 1838. Fort Smith's most famous citizen was US District Judge Isaac Parker known as "the hanging judge" for handing down eight death sentences in his first term with six criminals being hanged in one day. Fine-Very Fine.

13162

Fort Smith, AR - $5 1902 Red Seal Fr. 589 The American NB Ch. # (S)3634
This new to the census piece represents an extraordinary find, as it is one of only four serial number 1 Red Seals extant from the entire state and the sole $5 example. This is the only number 1 Red Seal from Arkansas ever offered at public sale, as the other three pieces have long been ensconced in major collections and are unlikely to be offered within the foreseeable future. Fortunately for collectors, this specimen displays bright white paper, a strong red overprint, and clear signatures along with considerable eye appeal. Any estimate here is just a surmise, but if rarity and desirability combined produce their usual result, expect this attractive Very Fine example to certainly reach and perhaps well exceed...

13163

Fort Smith, AR - $10 1902 Plain Back Fr. 631 The City NB Ch. # 10609
This is a delightful $10 with stamped dark blue signatures of R.H. Kagy and I.H. Nakdimen. Only a couple of large size notes in the census on this bank are higher grade than this example. Very Fine.

13164

Hot Springs, AR - $5 1929 Ty. 1 The Arkansas NB Ch. # 2832
A tougher type and denomination from this resort community. Fine-Very Fine.

13165

Little Rock, AR - $20 1902 Date Back Fr. 644 The England NB Ch. # (S)9037
This note has never been offered publicly and as a newly reported issue is one of only four Date Backs to be enumerated from this bank. The signatures are bold as they were plate engraved. Fine.

13166

Malvern, AR - $5 1929 Ty. 1 The First NB Ch. # 7634
A very scarce bank, particularly in this state of preservation. This piece is fully the equal of the example we offered in September of 2005, which realized $3320 in our Long Beach sale. Choice Crisp Uncirculated.

13167

Malvern, AR - $5 1929 Ty. 1 The First NB Ch. # 7634
A tougher small note from the only bank to issue in Hot Spring County. Fine.

13168

Newark, AR - $5 1929 Ty. 1 The First NB Ch. # 9022
A lovely serial number 1 example from this none too common bank, the only issuer in this small community. This piece is fully Choice save for one very insignificant corner fold which is well outside the design. Crisp Uncirculated, a premium example certain to please its fortunate new owner.

13169

Paragould, AR - $10 1929 Ty. 1 NB of Commerce Ch. # 10004
An evenly circulated piece from this none too common bank. Fine-Very Fine.

13170

Paragould, AR - $10 1929 Ty. 1 The New First NB Ch. # 13155
This was considerably the scarcer of Paragould's two Series 1929 issuers, with offerings from here few and far between. Very Good-Fine.

13171

Rector, AR - $10 1929 Ty. 1 The First NB Ch. # 10853
A just plain scarce bank which had a miniscule small size issue before it entered receivership in December of 1930. Fine, easily desirable enough to see bidding reach or exceed...

13172

Rogers, AR - $5 1929 Ty. 2 The American NB Ch. # 10750
A scarcer type from here, with this piece representing one of only two Type two specimens reported from here to date. Very Fine.

13173

Springdale, AR - $10 1902 Plain Back Fr. 626 The First NB Ch. # (S)8763
This is one of three large size notes from this institution that we have handled. The other lacked geographic sort letters indicating they were printed in 1924 or later. This piece features the sort letter and a different combination of signers, including Clara E. Harison, one of the few women to have signed National Bank Notes. She also added an A before cashier indicating she was the assistant cashier at the bank. The paper is most pleasing as are the deep printed details of the devices. Very Fine.

13174

Van Buren, AR - $10 1902 Plain Back Fr. 624 The First NB Ch. # (S)7361
The paper is solid for the grade with a deep blue overprint and partially remaining signatures. Very Good.

13175

Bakersfield, CA - $10 1882 Brown Back Fr. 490 The First NB Ch. # 6044
The first of an incredible Brown Back number 1 trio. This comes from a prohibitively rare Bakersfield bank which, despite a census population of eight confirmed pieces, was missing from every great California collection sold in the past twenty years, including both Colver and Horwedel. In fact, the last offering of any note from this bank came when this example was sold by Hickman Auctions as part of the Philip Krakover collection in March of 1990. There John, who was not one to enthuse in print about most notes, called it "A true blockbuster of a note. Rare, choice, and serial number 1, A position with full top margin intact. Pen signed in brown ink by E.D. Buss and Frank S. Rice Vice....One of the highlights of this entire collection. Notes of this caliber are only rarely available and are worth whatever they bring." Extremely Fine-About Uncirculated, a spectacular note from the very last bank in the state which could have issued Second Charter examples.

13176

Bakersfield, CA - $5 1929 Ty. 1 First NB Ch. # 10357
An evenly circulated small example from this always in demand location. Nice Fine-Very Fine.
From The Warren Marshall Collection

13177

Bellflower, CA - $5 1929 Ty. 1 The First NB Ch. # 12328
A true southern California rarity, with this piece one of just three Series 1929 notes extant from this Los Angeles County community. This is the Colver collection specimen, which we sold back in 1999. The last small example from here we handled was back in 2004, when a slightly higher grade piece realized well over $4000. Very Fine.

13178

Corcoran, CA - $20 1929 Ty. 2 The First NB Ch. # 9546 Uncut Sheet
Two uncut sheets are known from this northern California bank, accounting for twelve of the eighteen reported examples from here. Both sheets are number 1 Type 2 sheets, with this the considerably nicer of the pair. There is one light fold on the top note, and a couple of corner folds on the bottom note, but no folds between any of the notes, leaving most of the notes Gem in quality. Choice Crisp Uncirculated, a premium California sheet.

13179

Corcoran, CA - $5 1929 Ty. 2 First NB Ch. # 14230 Uncut Sheet
This is an extraordinarily rare sheet from an extraordinarily rare 14000 charter bank. Just one single note is known from this institution, an item we have sold twice. Once in 1995, when it realized $1650, and again in the 2004 Horwedel sale, when it fetched a considerably stronger $6612.50. This number 1 sheet is the sole sheet known from here, and has never been offered at public sale until its appearance here tonight. There are a couple of light folds through most of the notes, but the sheet is bright, unmolested, and of the eighty-seven California uncut sheets known, the only California 14000 charter sheet. About Uncirculated.

13180

Garden Grove, CA - $5 1929 Ty. 1 The First NB Ch. # 11251
A bank which is considerably scarcer in small size than large, with just seven Series 1929 examples, including this note, comprising the entire small size census. This piece traces its pedigree to our sale of the Lowell Horwedel California Collection in 2004, where it realized $4600 after spirited bidding. A couple of small notes have since turned up from here, but if rarity and demand are any guide, a realization for this Fine specimen is likely in the area of...

13181

Hanford, CA - $20 1882 Brown Back Fr. 504 The First NB Ch. # 5863
The second note in this California Brown back number 1 trilogy, and one which is certainly as desirable as either the $5 or the $10. This piece is one of only two number 1 $20 Brown Backs known from all banks in the state combined, and by far the higher grade of the pair. It's also the only Brown Back of any denomination known from Hanford. This specimen first appeared at public sale in a 1956 auction, and was reoffered in a 1970 Kagin sale, whereupon it vanished from public view until its reappearance this evening. There are a couple of minor corner tip folds, but this beauty displays great colors, bright paper, and bold pen signatures. Notes such as this that appear every twenty or thirty years are so rare as to almost defy any attempt to render a reasonable estimate, but when the opportunity to obtain an item is as rare as the item itself, a higher rather than lower price can usually be expected to prevail. Crisp Uncirculated.

13182

Lodi, CA - $20 1902 Plain Back Fr. 658 The Lodi NB Ch. # (P)11126
Plate engraved signatures are noted on this original and evenly circulated issue. In its ten years of existence, this bank managed to push nearly one million dollars worth of Nationals into circulation. They faced heavy attrition rates in California and as a result fewer than ten notes are known to the collecting community. Very Good-Fine.

13183

Los Angeles, CA - $10 1902 Plain Back Fr. 633 The First NB Ch. # 2491
One of the nicest notes to be offered from here in quite some time. Grading PMG Uncirculated 62 EPQ, a miscut accounts for the grade reduction. Bright inks and deep signatures are noticed.
From The Warren Marshall Collection

13184

Los Angeles, CA - $10 1882 Date Back Fr. 545 The Citizens NB Ch. # (P)5927
This example which displays bold printed signatures of bank officers Woods and Waters is one of only four $10 1882 Date Backs in the census. Very Good, with some fraying and minor paper pulls at the edges, a few insignificant rust spots on the back, and a missing bottom right corner tip. Still a rare note.

13185

Los Angeles, CA - $5 1882 Value Back Fr. 574 The Citizens NB Ch. # (P)5927 A scarce type and denomination from any bank. Evenly circulated Fine, the right margin trimmed a bit close but with good signatures.

13186

Los Angeles, CA - $20 1882 Value Back Fr. 581 The Citizens NB Ch. # (P)5927
An evenly circulated and problem free piece which is one of only four $20 Value Backs reported from the bank and one of only about 15 such examples reported from the entire state. Very Good-Fine, with good margins and signatures for the type.

13187

Los Angeles, CA - $10 1902 Red Seal Fr. 613 The American NB Ch. # (P)6545
This attractive Red Seal was previously part of the Horwedel holdings and the Philip Krakover Collection. Only Red Seals and Date Backs were issued by this bank, which liquidated in 1909, less than seven years after it opened its doors. This Red Seal is a nice bright Fine++ example, with vivid blue signatures and great color for the grade.

13188

Los Angeles, CA - $10 1902 Red Seal Fr. 613 The Farmers & Merchants NB Ch. # (P)6617
A bold red overprint on this popular note compensates for a lone pinhole. Overall, the eye appeal is most pleasing for the grade, with minimal soiling and bold engraved signatures. Very Fine.

13189

Los Angeles, CA - $10 1902 Plain Back Fr. 624 The Commercial National Trust & Savings Bank Ch. # 6864
This note is from the much scarcer second title for this charter number that exited the banking stage on March 15, 1927. The purple stamped signatures are light as is customary for this bank. PCGS Very Fine 25PPQ.

13190

Los Angeles, CA - $5 1902 Plain Back Fr. 598 The United States NB Ch. # (P)7632
This is a pleasing and original example of a popular forbidden title. Some pinholes are noted, but do not detract from the vivid paper and blue overprint. Very Fine.

13191

Los Angeles, CA - $50 1902 Plain Back Fr. 685 The National City Bank Ch. # 12410
This addition to the census is the seventh of this type and denomination documented from this issuer. It is a still rather crisp PMG Very Fine 20.

13192

Merced, CA - $10 1929 Ty. 2 First NB Ch. # 13028
Although chartered in 1927, this bank elected to issue only Type Two Series 1929 examples. This is an attractive and evenly circulated piece which is certain to please. Fine-Very Fine.
From The Warren Marshall Collection

13193

Oakland, CA - $50 1902 Plain Back Fr. 685 First NB Ch. # 12665
A rather scarce high denomination example from here. This piece, which is new to the census, joins only five others of this type and denomination. Fine+, with engraved signatures.

13194

Orange, CA - $5 1929 Ty. 1 The First NB Ch. # 8181
A nice problem free Fine-Very Fine example, ex-our sale of the Lowell Horwedel Collection in September of 2004, where it realized $632.50. It should be worth no less today.

13195

Orange Cove, CA - $5 1902 Plain Back Fr. 607 The First NB Ch. # 11616
While small notes from this evocatively named community are not really difficult to obtain, large notes from this Fresno County location are very scarce, with the census standing at just six such examples. Two are so low grade as to be barely collectible, leaving fewer than a handful to satisfy the many California collectors. This attractive piece is new to the census, and, save for a circulated number 1 example that has not been seen since 1991, may well be the nicest large note extant from here. Fine-Very Fine.

13196

Orange Cove, CA - $5 1929 Ty. 2 The First NB Ch. # 11616
This is a nice Fine-Very Fine example from this Fresno County community.

13197

Oroville, CA - $10 1902 Plain Back Fr. 624 The First NB Ch. # 6919
This is a just plain scarce bank in small size, with only four examples known to exist. Large notes have never been even rumored from this institution until this piece turned up in an otherwise nondescript grouping of large currency in a southern California estate. Fortunately for collectors, it is an attractive piece with good ink and paper quality and loads of eye appeal thanks to its two color signatures. Just $720 was outstanding in large from here by 1935, so this piece may remain unique for quite some time to come. Expect some stiff competition before the hammer falls on this northern California rarity tonight. Very Fine.

13198

Oroville, CA - $10 1929 Ty. 1 The First NB Ch. # 6919
This is one of only four small notes known from this Oroville bank, the sole issuer of Series 1929 notes in the community. It is the only serial number 1 example and as nice or nicer than any of the three other extant examples. Very Fine.

13199

Puente, CA - $5 1929 Ty. 1 The First NB Ch. # 9894
This new to the census example is one of the highest grade small notes reported to date from this single bank Los Angeles County location. Fine-Very Fine.

13200

Rodeo, CA - $5 1902 Plain Back Fr. 606 The First NB Ch. # 11201
Pronounced Ro-Day-Oh (like the Drive), and possessing one of the catchiest names of any California community, this town was missing from every one of the great California collections sold in the past three decades, including such massive offerings as Krakover, Colver and Horwedel. While the census lists two other $10 examples, each considerably lower grade than this $5, both have been ensconced in private collections for two generations, with neither ever having been available to collectors at public sale. This was the sole bank chartered in this Contra Costa County location, and it lasted less than ten years, issuing Blue Seals only before departing in 1928. Fine-Very Fine with purple signatures, a true California trophy item certain to see stiff competition before the hammer falls this evening.

13201

San Diego, CA - $20 1902 Plain Back Fr. 650 The First NB Ch. # (P)3050
An evenly circulated example from what is perhaps the single most sought after major city in the country. Fine.

13202

San Diego, CA - $5 1929 Ty. 2 The First National Trust & Savings Bank Ch. # 3050
Only ten Type 2s are known with this title, with this by far the nicest of the $5 issue which currently numbers five from this avidly collected location. Colorful with decent centering, a small notch is visible along the top margin. The last note of this type we sold was here in Long Beach last September, where it realized $2990.00. A similar result could well occur tonight. Very Fine-Extremely Fine.

13203

San Diego, CA - $20 1929 Ty. 1 The First National Trust & Savings Bank Ch. # 3050
A pleasing Fine-Very Fine from an ever popular locale which is always in demand.

13204

San Francisco, CA - $5 1870 Fr. 1136 The First National Gold Bank Ch. # 1741
An attractive National Gold Bank Note which is perfect for type. PMG has graded this example Very Fine 20, an assessment with which we are unable to disagree. Expect to see bidding reach or exceed our likely conservative estimate for this considerably nicer than average California Gold Bank Note.

13205

San Francisco, CA - $5 Original National Gold Bank Note Fr. 1136 The First National Gold Bank Ch. # 1741
Though well circulated, this piece faces up well, nearly as well as a Very Fine. However, the paper is a little weak for that grade and there are a handful of repairs and pinholes to be noted. Very Good.

13206

San Francisco, CA - $5 1870 Fr. 1136 The First National Gold Bank Ch. # 1741
A nice evenly circulated National Gold Bank Note with good color and body for its grade. There are several minor edge splits, but none affect the quality here at all. A corner tip has been reattached and an internal split at center is noticed as well. Very Good.

13207

San Francisco, CA - $20 1870 Fr. 1152 The First National Gold Bank Ch. # 1741
This final San Francisco Gold Note last appeared in our 2006 Long Beach sale where we described it, "This piece has been off the market since it last sold in Stack's May, 1997 sale, where it realized just over $4000. National Gold Bank twenties are scarce notes indeed, with few opportunities to obtain examples in any grade. There are a couple of minor splits and pinholes, but the note is solid for the grade and utterly free of the annoying distractions these notes are prone to have." Very Good.

13208

San Francisco, CA - $5 1882 Brown Back Fr. 471 The First NB Ch. # (P)1741
Nice pen signatures grace this $5 that may have been used to pay for the services of Paladin. A couple of minute holes caused by the lateral center fold are noticed on this still snappy $5 Brown Back. Very Good-Fine.

13209

San Francisco, CA - $10 1882 Brown Back Fr. 484 The First NB Ch. # (P)1741
What great stories could this note tell? Especially the story about how it lost its upper right-hand margin. Very Good.

13210

San Francisco, CA - $10 1882 Date Back Fr. 539 The First NB Ch. # (P)1741
It has been a number of years since we have offered a Date Back from this bank at auction. This original problem free example with printed signatures should make a nice addition for type. Very Fine.

13211

San Francisco, CA - $100 1902 Date Back Fr. 691 The Crocker NB Ch. # 3555
Stamped signatures are found on this $100 that has nice edges and paper for the grade. At top center is a small inkwell mishap. Very Good-Fine.

13212

San Francisco, CA - $10 1882 Brown Back Fr. 490 The Nevada NB Ch. # 5105
A lovely Brown Back bearing the first, and far scarcer title used here. This piece might well be the finest Brown Back of any denomination from this sought after bank to appear at public sale during the past fifteen years, save for the About Uncirculated number 1 example from here which realized $34,500 last year. Bright Very Fine+ with bold signatures, a premium specimen.

13213

San Francisco, CA - $5 1882 Brown Back Fr. 477 Wells-Fargo Nevada NB Ch. # (P)5105
The third note of the trio, and a superlative serial number 1 example from the extraordinary denomination set of California Brown Backs which we are privileged to offer in this sale. It is the perfect mate (and in the same grade as well) to the serial number 1 $10 Brown Back from this bank's predecessor institution, the Nevada NB, which realized $34,500 in spirited bidding when it was auctioned earlier this year. This piece, the "A" position $5 example, is truly the "first" note to bear this title, and is the only serial number 1 specimen of any type or denomination known carrying this nomenclature. While the phrase is trite, it is one of the few notes in this or any other sale deserving of the title "museum piece." About Uncirculated, certainly one of the most significant California rarities we have ever had the pleasure of offering.

13214

San Francisco, CA - $5 1882 Brown Back Fr. 477 Wells-Fargo Nevada NB Ch. # (P)5105
An attractive $5 Brown Back which is considerably higher grade than most examples seen from here. Bright Extremely Fine, a lovely example from a bank whose title is redolent of the "old west."

13215

San Francisco, CA - $10 1882 Brown Back Fr. 490 Wells-Fargo Nevada NB Ch. # (P)5105
The brown ink on the face is dark and the margins are more than ample. This $10 has printed signatures of both the cashier and the vice president. Fine

13216

San Francisco, CA - $5 1882 Date Back Fr. 537 Wells-Fargo Nevada NB Ch. # (P)5105
The vice president was the signer on this note, which carries an always in demand title. Pleasing Fine with a few pinholes and minor staining spotted.

13217

San Francisco, CA - $10 1882 Date Back Fr. 545 Wells-Fargo Nevada NB Ch. # (P)5105
The paper is crisp and the inks dark on this pleasing issue with a popular title. Very Fine-Extremely Fine

13218

San Francisco, CA - $10 1882 Date Back Fr. 545 Wells-Fargo Nevada NB Ch. # (P)5105
An attractive example of this sought after title. Bright Very Fine, a perfect collector grade.

13219

San Francisco, CA - $5 1882 Brown Back Fr. 477 The Western NB Ch. # (P)5688
Wm. Murdoch, Jr. signed as cashier on this tougher type example. Very Good.

13220

San Francisco, CA - $100 1882 Brown Back Fr. 530 The Western NB Ch. # (P)5688
An extremely rare California type which is the only $100 Brown Back known from this institution. It's one of just nine reported from all banks in the state combined, and one of just seven that come with a serial number to back up the listing. We can find no record of this piece ever appearing at public sale, and, with the exception of the Horwedel collection example from Fresno, which sold for over $22,000 in 2004, can find no record of any $100 Brown Back from this state having been available at public sale for at least a decade. Fine or even a bit better, with a small notation on the back margin that affects nothing.

13221

San Francisco, CA - $100 1902 Date Back Fr. 691 The Seaboard NB Ch. # (P)9141
This short lived institution only issued 1902 Plain Backs in denominations of $5, $10, $20, $50, and $100. While a plethora of the $50's exist, this remains the only $100 to be enumerated in the census and was last seen at public auction over three years ago. The paper is decent, though there is some roughness about the edges to report. Very Good-Fine.

13222

San Francisco, CA - $5 1929 Ty. 1 Pacific NB Ch. # 12579
A beautiful example boasting pinpoint centering, great originality, and cavernous embossing. Gem Crisp Uncirculated.

13223

San Francisco, CA - $5 1902 Plain Back Fr. 609 Bank of Italy NT&SA Ch. # 13044
A far nicer than average large example bearing a much sought after title. Bright Very Fine+, with engraved signatures.

13224

San Francisco, CA - $5 1929 Ty. 1 Bank of America National Trust & Savings Assoc Ch. # 13044
While common in uncirculated states of preservation, pieces showing this degree of perfection in the margins, print quality, and embossing are not often encountered. PMG Superb Gem Unc 67.

13225

San Francisco, CA - $100 1929 Ty. 1 Bank of America National Trust & Savings Assoc Ch. # 13044
This attractive C-note features a couple of light bends but is wholly original and quite attractive. About Uncirculated.

13226

San Jose, CA - $50 1882 Brown Back Fr. 515 The First NB Ch. # (P)2158
This great note is one of only seven $50 Brown Backs known from all California banks combined and one of only two $50 Brown Backs known from this bank. We've had the privilege of selling both pieces, with this example realizing $9350 back in May of 2000, a tremendous sum for any National Bank Note that year. This note is beautifully centered between four huge margins on both front and back, and possesses great color and clear pen signatures. With the other San Jose $50 Brown Back likely off the market for many years to come, it would not surprise us to see this significant northern California rarity easily reach and quite possibly exceed...

13227

Santa Ana, CA - $5 1929 Ty. 2 The Commercial NB Ch. # 13200
A bright and exceptionally attractive Series 1929 example from this much collected Orange County community. Extremely Fine.

13228

Santa Barbara, CA - $5 1929 Ty. 1 The First National Trust & Savings Bank Ch. # 2104
A touch of handling may be the only grade limiting factor on this sufficiently margined and well embossed issue. PCGS New 61PPQ.

13229

Santa Barbara, CA - $100 1882 Date Back Fr. 571 The Santa Barbara County NB Ch. # (P)2456
From our 2006 FUN Signature Auction where the description read, "This is the first 1882 $100 Date Back to be recorded for the bank, and one that has seen better days, to say the least. The note has been spindled multiple times, and fraying along the bottom edge keeps this on the low end of the grading scale. This also makes only the eighth 1882 $100 Date Back recorded for the state of California, and 124 for the entire country. Type Collectors take notice. When will you have this chance again? Good." The quantity known for the country has gone up a few since then.

13230

Santa Barbara, CA - $50 1929 Ty. 1 The Santa Barbara County NB Ch. # 2456
Much the scarcer of Santa Barbara's two issuers. Fine-Very Fine with some light foxing noticed.

13231

Sonora, CA - $20 1929 Ty. 1 The First NB Ch. # 7202
This is a well embossed and fully original $20 from the only readily collectible bank in this Tuolumne County town. Choice Crisp Uncirculated.

13232

Stockton, CA - $20 1929 Ty. 1 The First NB Ch. # 2412
A very sought after note from a well collected gold rush community. Fine.

13233

Tulare, CA - $5 1902 Plain Back Fr. 600 The First NB Ch. # (P)8626
A very scarce note from the only collectible bank to issue from here. Very Good, with a few chips out of the margins and a rounded corner, but otherwise sound and displaying clear signatures.

13234

Ventura, CA - $10 1902 Plain Back Fr. 635 The Union NB Ch. # 12996
There are only a half dozen large size notes from this bank listed in the census and that includes this note that was formerly part of the Lowell Horwedel California Collection. All of the large notes on this bank grade Fine and below. Printed signatures are of P.S. Belford and W.H. Duval. Very Good.

13235

Weed, CA - $5 1902 Date Back Fr. 593 The First NB Ch. # (P)9873
While Series 1929 examples are often available from this Siskiyou County community, large notes are another matter entirely. Just a dozen examples were reported in the latest census, far fewer than are necessary to supply both the collectors of California notes as well as those who covet fancy town names. This attractive Date Back, with its handsome pen signatures, is certain to please its next fortunate owner. Pleasing Very Fine.

13236

Whittier, CA - $10 1929 Ty. 1 The Whittier National Trust & Savings Bank Ch. # 7999
A beautiful piece which is easily the nicest note of any type we've seen from this Los Angeles County bank. Choice Crisp Uncirculated, with incredible embossing and bright white paper. Truly an example fit for the finest of collections.

13237

Woodland, CA - $20 1929 Ty. 1 Bank of Woodland National Assoc Ch. # 10878
This bright $20 for the grade, once part of the fabled Philip Krakover Collection and, after fifteen years, returns to the auction block. Fine+++.

13238

Ault, CO - $10 1902 Date Back Fr. 617 The Farmers NB Ch. # (W)8167
A very rare bank in large size, with this piece one of just three recorded in the census. It has been off the market since our consignor obtained it in a 1996 auction. Very Good+.

13239

Cedaredge, CO - $10 1929 Ty. 2 The First NB Ch. # 10272
This was the only bank to issue in this small Delta County location, with both large and small notes in short supply. With the exception of the one known uncut sheet from here, this note is the only Type 2 $10 recorded to date. Nice Fine+++.

13240

Central City, CO - $5 1902 Plain Back Fr. 604 The First NB Ch. # 2129
A just plain rare note from this interesting bank, which is best known for its population of Territorial Black Charter Number notes. While 28 large notes are known from this bank, 18 of that number are Black Charter Territorials and another four are contained in a serial number 1 Second Charter Date Back sheet. In fact, this piece is one of only three Series 1902 examples recorded from this institution. Pen signed Very Fine, likely to see bidding easily reach or well exceed...

13241

Colorado Springs, CO - $5 1929 Ty. 2 The Exchange NB Ch. # 3913
This bank was chartered in 1888, but it elected only to issue Type 2 notes during the small size era. This $5 exhibits wide margins, Treasury Seal embossing, and near perfect centering. Gem Crisp Uncirculated.

13242

Delta, CO - $10 1902 Plain Back Fr. 633 The First NB Ch. # (W)5467
Few of the notes that survived from this bank escaped heavy use in circulation. This piece is evenly worn and solid for the grade with only a couple of pinholes at intersecting folds. Very Good.

13243

Denver, CO - $100 1929 Ty. 1 The Colorado NB Ch. # 1651
The folds are hard to see on this C-note from this Berger family operated bank. Extremely Fine.

13244

Denver, CO - $50 1902 Plain Back Fr. 683 The Drovers NB Ch. # 11564
A very rare type from here whose only emissions were Third Charter PB's in all denominations. Purple signatures are still legible though the bottom edge is a bit rough. Fine.

13245

Durango, CO - $10 1882 Date Back Fr. 545 The First NB Ch. # (W)2637
An attractive and very scarce early example from this much collected community. There is a bit of unimportant soil on the reverse, but the face is bright and utterly unmolested. Fine-Very Fine, with bold pen signatures.

13246

Eads, CO - $10 1902 Plain Back Fr. 626 The First NB Ch. # 8412
While small notes from here are not terribly scarce, large examples from this institution were unknown until a small group of five near consecutive examples turned up last year. All were high grade, with four of the five having appeared to find permanent homes after their sale last October. This is the only piece that has been on the market for a second time. It's a most attractive specimen, with bright white paper, bold pen signatures, and an as-new look. The top margin is trimmed a bit into the design. About Uncirculated.

13247

Eads, CO - $10 1929 Ty. 1 The First NB Ch. # 8412
A pleasing serial number 1 example from a popular state cut from a recently sold uncut sheet. CGA Gem Uncirculated 66.

13248

Eads, CO - $20 1929 Ty. 1 The First NB Ch. # 8412
This serial number B000001A note has ample margins, white paper, and dark inks. There is a pre-printing paper crinkle, a tiny top edge nick, and an old sheet fold right above the bottom edge. This note never circulated, yet we will call it Choice About Uncirculated.

13249

Eads, CO - $20 1929 Ty. 1 The First NB Ch. # 8412
A nice small example from the first of the two banks chartered here. Very Fine, with just a bit of light staining visible mostly on the back.

13250

Eads, CO - $5 1929 Ty. 2 The First NB Ch. # 14213 Uncut Sheet
We are pleased to offer both of the uncut sheets extant from this 14000 charter bank in this sale. There are folds between the notes, but each of the notes save for the top and bottom examples are Choice Uncirculated or better, with the sheet grading About Uncirculated.

13251

Eads, CO - $10 1929 Ty. 2 The First NB Ch. # 14213 Uncut Sheet
A second uncut serial number 1 sheet from this very scarce 14000 charter bank, this even a bit nicer than the $5 sheet above. The notes are all Choice Uncirculated, with the sheet grading About Uncirculated due to the folds between each note.

13252

Fort Morgan, CO - $20 1929 Ty. 1 The First NB Ch. # 7004
Notes which have "fort" in the title provides an interesting way to collect Nationals. Bright surfaces on this note from a popular state. Very Fine+.

13253

Limon, CO - $5 1902 Plain Back Fr. 606 The First NB Ch. # 11504
A very scarce note from the sole bank to issue in this prairie community. This bank had a meager $865 outstanding in large notes by 1935, and the census reflects that scarcity, listing just five such examples, none of which has been on the market since early 2001. Fine.

13254

Longmont, CO - $10 1929 Ty. 1 The Longmont NB Ch. # 7839
This serial number 1 example comes from a sheet that was sold back in 1980 and subsequently cut. It's an attractive piece which is ensconced in a PMG Extremely Fine 40 EPQ holder and is the first serial number 1 note from here to be offered at public sale since 2001.

13255

Salida, CO - $20 1902 Plain Back Fr. 651 The Commercial NB Ch. # (W)7888
A well circulated but fully intact large example from by far the scarcer of Salida's two collectible banks. Just five large examples make up the entire large census from here, with the last offering (of a somewhat nicer note) bringing a strong $8337.50. Pen signed Very Good.

13256

Telluride, CO - $10 1902 Date Back Fr. 617 The First NB Ch. # (W)4417
This lovely note is listed as AU in the census, and we can well imagine why, as the vivid inks and bold blue pen signatures give the note the appearance of an uncirculated example at first glance. The few folds, however, compel the more realistic grade of Very Fine-Extremely Fine. Notes from this mining community are avidly collected, with an EF Brown Back realizing a strong $51,750 in the 2006 Memphis auction. We offered this piece in our September, 2006 sale, where it failed to sell due to a perhaps overly aggressive reserve from a consignor who liked this piece as much as we did. With a considerably lower reserve, it should easily find a new home tonight.

13257

Wray, CO - $10 1929 Ty. 1 The First NB Ch. # 8752
An attractive and well centered piece displaying plenty of original embossing. About Uncirculated.

13258

Ansonia, CT - $10 1929 Ty. 1 The Ansonia NB Ch. # 1093
A nice evenly circulated example from the only bank here to issue. Pleasing Fine, from a bank where small notes are actually scarcer than large.

13259

Bridgeport, CT - $5 1902 Plain Back Fr. 600 The First NB Ch. # 335
Bright CGA About Uncirculated 58 trimmed too close along the top.

13260

Bridgeport, CT - $5 1902 Red Seal Fr. 587 The Bridgeport NB Ch. # (N)910
A very scarce note from a Bridgeport bank which went out in 1909. Track and Price reports only four appearances at public sale since 1993, with three of that number coming in our landmark Connecticut offering in January of 1998. In fact, there has not been a single appearance of any kind from here in the past decade. This new to the census Red Seal is both pretty and problem free, with bold colors and strong jet black signatures. Fine-Very Fine.

13261

Bridgeport, CT - $1 Original Fr. 380 The Pequonnock NB Ch. # 928
Despite ten notes being known from this bank, this is the first appearance of any kind for nearly a decade. This piece faces up well, but was helped a little. Professional restoration is noted on the edges and along the heavy folds. Good.

13262

Bridgeport, CT - $20 1882 Brown Back Fr. 494 The Pequonnock NB Ch. # 928
Another rare Bridgeport note, with this one of only two Brown Backs reported from here, and the only $20. We note no offerings of any kind since our Connecticut sale in January of 1998. Well circulated but intact Very Good.

13263

Deep River, CT - $5 1929 Ty. 1 The Deep River NB Ch. # 1139
A neat town name graces this not terribly common note. Very Good.

13264

Hartford, CT - $5 1902 Date Back Fr. 590 The Charter Oak NB Ch. # (N)486
A lovely note with a wonderfully evocative and uniquely Connecticut title. The Charter Oak story is part and parcel of this state's civic life, commemorating events of the night in October of 1687 when newly appointed Governor of New England Sir Edmund Andros arrived in Hartford to demand the surrender of Connecticut's Royal Charter which had been granted twenty five years earlier. During a heated evening meeting between the colony's leaders and the royal entourage at Butler's Tavern over Andros' demand to seize the charter, the room was plunged into darkness when the candles that illuminated it were overturned. No one knows whether this was an accident or a crafty maneuver by the aggrieved colonists, but what is known is that Captain Joseph Wadsworth, who was positioned outside the tavern, found himself in possession of the document during the ensuing chaos in the darkness. Wadsworth took it upon himself to hide the charter in a majestic white oak tree on a nearby estate, hence the name "The Charter Oak." Wadsworth's bold move served to preserve not only the document but the rights of the colonists. Recovered later, the Royal Charter now occupies a place of honor in the Connecticut History Museum, and the Charter Oak itself is commemorated on the Connecticut state quarter. About Uncirculated, a beautiful note which reminds us why we collect these wonderful artifacts of our nation's history.

13265

Hartford, CT - $5 1902 Plain Back Fr. 609 The Capitol NB Ch. # 13038
A lovely state capital example bearing low serial number 9 as a bonus. PCGS has slabbed this piece and assigned a grade of Choice About New 58.

13266

Mystic, CT - $10 1929 Ty. 1 The Mystic River NB Ch. # 645
An always popular note from this hard to find location. Very Good+.

13267

New Haven, CT - $5 1929 Ty. 1 The Merchants NB Ch. # 1128
An attractive and well embossed example bearing serial number C000001A. It's housed in an early PMG holder bearing the notation "Great Embossing" and displaying a grade of Choice About Uncirculated 58. PMG has a policy of reholdering examples bearing this early designation in an EPQ holder upon request.

13268

Norwich, CT - $20 1902 Plain Back Fr. 650 The Merchants NB Ch. # (N)1481
It is interesting to note that despite a total issue of more than $2 Million in notes, only about a dozen are known to exist. Plate engraved signatures of Powell and Woodland adorn this note which is fresh and original. The top edge is cut a touch into the design but is not a distraction. Very Fine.

13269

Waterbury, CT - $10 1929 Ty. 1 The Citizens & Manufacturers NB Ch. # 2494
Other than a cut sheet of serial number 1 examples, this bright and barely circulated example may well be the finest Series 1929 specimen extant. Extremely Fine-About Uncirculated.

13270

Dover, DE - $10 1929 Ty. 2 The First NB Ch. # 1567
Delaware is a scarcer state for Nationals as a whole. A tiny signature of E.P. Horsey and John Carrow adorn this state capital note. CGA Choice Uncirculated 64.

13271

Odessa, DE - $1 1875 Fr. 383 The New Castle County NB Ch. # 1281
Original Series and Series 1875 notes from Delaware are a popular commodity often commanding five figure prices regardless of the bank. This is one of the more prevalent issuers, with a few early notes enumerated in the census. The eye appeal of this Ace is solid, with bold signatures and surprisingly solid paper with only a pinhole or two to report. Overall, this piece is a candidate for a picture perfect Very Good.

13272

Washington, DC - $10 1902 Plain Back Fr. 624 The Commercial NB Ch. # (E)7446
This attractive and original issue is part of a near consecutive run of nice uncirculated notes. This piece is fully margined with brilliant white paper. PCGS Very Choice New 64PPQ.

13273

Washington, DC - $50 1902 Plain Back Fr. 679a Federal-American NB Ch. # (E)10316
A very scarce type and denomination from any District bank, with this piece bearing not only a Forbidden Title but the truly rare Napier-Thompson Treasury signatures as well. Very Fine, with engraved signatures of the bank officers.

13274

Bartow, FL - $10 1929 Ty. 2 The Florida NB Ch. # 13389
A nice Very Fine from a scarce and desirable bank. While two issuers were located here, this was the only one that issued the 1929 series. We did sell a $10 Type 2 from here in Fine at our 2007 Florida United Numismatists auction for $1437.50 on an estimate of $600 - $900. The market is still strong for Florida Nationals, and we expect to see that realization equaled and possibly surpassed tonight.

13275

Jacksonville, FL - $10 1902 Date Back Fr. 618 The Florida NB Ch. # (S)8321
This picture perfect Very Fine boasts wholly original paper, a bold overprint and solid signatures.

13276

Miami, FL - $100 1929 Ty. 1 The First NB Ch. # 6370
This is a bright Very Fine that has a bottom edge that is inside the frame line while the above adjacent note's frame line tightropes the top edge. Very Fine.

13277

Panama City, FL - $10 1929 Ty. 1 The First NB Ch. # 10346
While large notes from this one bank community do occasionally turn up, small examples are just plain rare, with just five listed in the census. Only one has been offered at public sale during the past twenty years, with that occurring back in early 1997. Nice Fine-Very Fine, certain to be a hotly contested item.

13278

Pensacola, FL - $20 1929 Ty. 2 The American NB Ch. # 5603
The extremely large margins on this nicely embossed CGA Gem Uncirculated 67 $20 show that great care was exercised in cutting it from the sheet.

13279

Sanford, FL - $20 1929 Ty. 1 The Sanford Atlantic NB Ch. # 13157
This was the only bank to issue Series 1929 notes in this Seminole County community. Embossing is a merit of this high-grade Choice Crisp Uncirculated $20.

13280

Tampa, FL - $20 1902 Plain Back Fr. 657 The Exchange NB Ch. # (S)4949
Large, ornate officers' signatures add to the appeal of this Hillsborough County issue. The paper is bright and wholly original. Very Fine.

13281

Atlanta, GA - $20 1882 Date Back Fr. 555 The Lowry NB Ch. # (S)5318
A nice evenly circulated Fine-Very Fine example of this tougher Georgia type and denomination. From the bottom of the sheet as it is a bit skewed.

13282

Augusta, GA - $5 1882 Brown Back Fr. 472 The National Exchange Bank Ch. # (S)1860
A common enough bank, but hardly so in the $5 Brown Back design type. In fact, this Very Good example is one of only 50 of its type and denomination documented for the entire state and just one of seven traced for this particular bank. In a collecting era that is placing increasing emphasis on scarcity for Nationals as the primary determinant of market value, we expect to see this very nice for the grade item sell for...

13283

La Grange, GA - $20 1929 Ty. 2 The La Grange NB Ch. # 7762
A diagonal crease can be seen within the holder on this Type 2 $20. Plenty of embossing is also noticed on this eye catching serial number one note. PMG About Uncirculated 50.

13284

Savannah, GA - $10 1929 Ty. 2 The Liberty NB & TC Ch. # 13472
A look at the census reveals about a dozen examples of this note are known to the collecting community. However, the number of pieces that have reached public auction has only now reached four, with the last appearance in 2004. This addition to the census is a fresh Very Fine- Extremely Fine with appealing and wholly original paper.

13285

Honolulu, HI - $5 1929 Ty. 1 Bishop First NB Ch. # 5550
This is always a popular bank and is sought after by collectors seeking to complete a state set. Tonight's example is a problem free Fine-Very Fine.
From The Walla Walla Collection

13286

Honolulu, HI - $10 1929 Ty. 1 Bishop First NB Ch. # 5550
Even circulation is seen on this popular Hawaiian issue. Fine.

13287

Honolulu, HI - $50 1929 Ty. 1 Bishop First NB Ch. # 5550
All Series 1929 denominations and types are popular on this bank due to the exotic location and the fact that the notes are "Territorials" even though that is not printed on the small size notes of this charter number. Very Fine with a couple of tiny red ink marks and a light stain.

13288

Honolulu, HI - $100 1929 Ty. 1 Bishop First NB Ch. # 5550
A nice circulated high denomination example from this always in demand location. While not rare, there are never enough of these notes to satisfy the demand from collectors who just want one example from the only affordable Territorial issue for their state or denomination sets. Fine+.

13289

Honolulu, HI - $10 1929 Ty. 2 Bishop NB of Hawaii at Honolulu Ch. # 5550
A fresh and appealing note which displays little trace of any actual circulation. Bright Extremely Fine-About Uncirculated, a high grade example which is certain to please.
From The Walla Walla Collection

13290

Ashton, ID - $5 1902 Plain Back Fr. 602 The First NB Ch. # 10269
This moderately circulated issue is one of only four notes known from this remote Idaho town. It is also the only note to be offered publicly since 2001. The paper is solid and the design still bold. CGA Very Good-Fine 10.

13291

Boise, ID - $100 1902 Date Back Fr. 691 First National Bank of Idaho Ch. # (P)1668
This western high denomination has seen better days. There is some minor staining on the note and the lower left hand corner has been professionally restored as have some other areas of the margins. Regardless, it is a popular issue that will still be sought after by collectors. Very Good.

13292

Boise, ID - $5 1929 Ty. 2 The First NB of Idaho Ch. # 1668
This evenly circulated Very Fine $5 from the state capital was the first national bank to be chartered in the state.

13293

Boise, ID - $100 1929 Ty. 1 The First NB of Idaho Ch. # 1668
Just three charter numbers issued this type and denomination in the Gem State making these capital city survivors always in high demand. This is an original Very Fine $100.

13294

Boise, ID - $50 1902 Plain Back Fr. 676 The Boise City NB Ch. # 3471
Always a popular state to acquire this type note from. The signatures are barely visible on this PCGS Very Good 10 example.

13295

Caldwell, ID - $10 1902 Plain Back Fr. 628 The First NB Ch. # (P)4690
It has been some time since a large size note from here has been available. A few pinholes are displayed on this piece, with legible pen signatures remaining. Very Good.

13296

Caldwell, ID - $10 1902 Plain Back Fr. 625 The Western NB Ch. # 8225
Large notes only from this tougher Caldwell bank that bowed out on the last day of 1924. Even the massive Knudsen collection contained only one example from the Western NB. Twelve large notes are in the census, including this $10. PCGS Fine 15, with purple stamped signatures of Caitlin and Palmer.

13297

Cottonwood, ID - $10 1929 Ty. 1 The First NB Ch. # 7923
A very scarce small size note from the only bank to issue here. This piece is new to the census and has never been offered previously to the collecting community. Nice Fine-Very Fine.
From The Walla Walla Collection

13298

Gooding, ID - $10 1902 Plain Back Fr. 626 The First NB Ch. # (P)9371
Only seven large size examples are extant from this very tough bank. Fine, with clear stamped signatures visible.

13299

Nampa, ID - $20 1902 Plain Back Fr. 652 The First NB Ch. # (P)8370
This is a just plain rare Nampa bank which issued large notes only. Just five examples are known, with this piece the highest grade by a huge margin over the runner-up, which grades only Fine. Even the Knudsen Collection, the best Idaho grouping ever to appear at public sale, had only a Very Good example from here. The bottom margin is trimmed very close, and there are two tiny rust spots in the margins, but these trivial defects are far offset by the bright purple signatures and vivid colors this specimen displays. Extremely Fine+.

13300

Preston, ID - $10 1902 Plain Back Fr. 624 The First NB Ch. # 7526
A very scarce bank which has not been offered at public sale since our Knudsen sale in 2001. Just six large examples are known from here, with this piece off the market since our consignor obtained it in 1998. Very Good.

13301

Sandpoint, ID - $20 1929 Ty. 1 The First NB Ch. # 8341
This small Bonner County community was home to two issuing banks, with this institution lasting only until 1932. Both banks are quite scarce, with our records showing just seven offerings in the past forty years, the last of which came in a 2006 Bowers sale in which a very much lower grade small example realized almost $4000. This specimen is considerably nicer and should easily eclipse that figure early in the bidding. Fine-Very Fine.

13302

Shoshone, ID - $20 1929 Ty. 1 The Lincoln County NB Ch. # 9272
Recent auction appearances from here have been dominated by large size examples. This pleasing low serial number 12 example carries a popular Native American town name. A few pinholes and margin nicks do little to distract. Very Good.

13303

Alton, IL - $1 Original Fr. 380 The Alton NB Ch. # 1428
This early Ace is the variety with charter number. The paper is crisp and the penned signatures of the Wade family members remain dark. Closer inspection reveals a little bit of ink erosion in the cashier's signature. This is a nice note for type. Fine.

13304

Alton, IL - $2 Original Fr. 387 The Alton NB Ch. # 1428
This piece was last seen in 1990 when it appeared in a Hickman sale. The design details are solid, though there are a couple of tiny pieces missing from the corners and some minor pinholes. Very Good.

13305

Anna, IL - $10 1882 Brown Back Fr. 484 The First NB Ch. # (M)4449
This attractive Brown Back is one of only two in the census. This piece was last seen in a public auction in 2000 and is by far the finer of the two pieces. Decent margins, bold penned signatures and solid color add to the eye appeal. A small internal tear is present, but really only visible when the note is candled. Very Fine.

13306

Annapolis, IL - $10 1929 Ty. 2 The First NB Ch. # 10257
This is the first Type 2 $10 reported for the bank. Very Fine.

13307

Aurora, IL - $10 1902 Red Seal Fr. 613 The First NB Ch. # (M)38
This is a simply gorgeous note which is part of the ultimate collection ever formed from this Kane County community. Many of the notes offered here tonight were obtained privately over the years, and several, including this lovely example, have been off the market for so many years that their grades are unrecorded in the census. Bright Extremely Fine, with great color and exemplary eye appeal, and bearing the pen signatures of F.B. Watson and T.B. Stewart.

13308

Aurora, IL - $10 1902 Red Seal Fr. 613 The First NB Ch. # (M)38
A second Red Seal from this low charter bank, with this piece bearing the signatures of E.A. Pease, A. Cashier, and J.H. Pease, V. President. Very Fine, with most of the wear at the three hard folds.

13309

Aurora, IL - $10 1902 Plain Back Fr. 624 The First NB Ch. # 38
Aurora, IL - $20 1902 Date Back Fr. 642 The First NB Ch. # 38
The $10 note in this pair grades VG/F while the $20 note grades VF.

13310

Aurora, IL - $10 (2); $20 1929 Ty. 1 The First NB Ch. # 38
Both of the $10s have a different pair of bank officers. The $20 also has the first officer tandem of Bird and Watson. All three of these notes grade Very Fine or a little bit better.

13311

Aurora, IL - $1 Original Fr. 382 The Union NB Ch. # 1792
A very rare example from a very rare bank. This serial number 1 ace is one of fewer than 90 serial number 1 aces known from every bank in the country combined, and comes from a bank which has not been offered at public sale for twenty two years. It is one of just three examples extant from this First Charter only bank, which lasted only eight years before bowing out in 1879. Two of the three known pieces are offered here tonight, with the third note a considerably lower grade specimen which has not been seen for a quarter century. Very Fine, a great note in all respects which will almost certainly reach or exceed...

13312

Aurora, IL - $2 Original Fr. 389 The Union NB Ch. # 1792
This is one of the two Lazy Deuces known from here, and by far the finer of the pair. It's a single digit serial number example which makes a perfect mate to the serial number 1 ace from here offered above. Nice Very Fine.

13313

Aurora, IL - $10 1882 Brown Back Fr. 480 The Aurora NB Ch. # 2945
This is one of only two early notes known from here, and the only one ever to be offered at public sale. It's been off the market for fourteen years since it last appeared in our May, 1993 Rosemont sale. Fine.

13314

Aurora, IL - $10 1902 Date Back Fr. 616 The Aurora NB Ch. # 2945
Aurora, IL - $10 1902 Plain Back Fr. 624 The Aurora NB Ch. # 2945
The $10 DB is well circulated grading Fine and the $10 PB grades VF/XF with a hint of staining.

13315

Aurora, IL - $20 1902 Red Seal Fr. 639 The Aurora NB Ch. # (M)2945
An attractive Red Seal twenty that has been off the market since our consignor obtained it in a Hickman-Oakes sale in 1985. Bright Extremely Fine.

13316

Aurora, IL - $20 1902 Date Back Fr. 642 The Aurora NB Ch. # (M)2945
Aurora, IL - $20 1902 Plain Back Fr. 658 The Aurora NB Ch. # 2945
A couple of edge nicks are seen on the PB $20, while the $20 DB has a touch of staining visible. Both notes grade Very Fine.

13317

Aurora, IL - $10; $20 1929 Ty. 1 The Aurora NB Ch. # 2945
The $10 grades VF and the $20 grades XF with a tight lower margin. This bank would succumb on June 18, 1934.

13318

Aurora, IL - $5 1882 Brown Back Fr. 470 The Merchants NB Ch. # 3854
While this hardly qualifies as a rare bank due to all of the high denomination Third Charters known, just two Brown Backs are reported from here, with this the superior of the two by a huge margin. Pen signed Very Fine-Extremely Fine, a real peach of a note.

13319

Aurora, IL - $50 1902 Date Back Fr. 669 The Merchants NB Ch. # (M)3854
Starting with the Series of 1902, this bank only issued $50s and $100s. Rich inks, stellar embossing and bright white paper are merits of this note. The purple signatures of W.G. Nicholson and F.J. Knight have faded, but are still legible. PMG Choice Uncirculated 63.

13320

Aurora, IL - $50 1902 Date Back Fr. 669 The Merchants NB Ch. # (M)3854
A lovely note with full originality evident in its bold embossing, bright white paper, and vivid colors. It is unquestionably uncirculated, but there is a handling mark at the center which appears to be a fold but is not. That said, it is entirely possible that one or both of the major grading services may grade this note AU. We disagree. Choice Crisp Uncirculated.

13321

Aurora, IL - $50 1902 Plain Back Fr. 677 The Merchants NB Ch. # 3854
A beautiful example for type, with exceptionally vivid inks, bright white paper, and bold purple signatures. About Uncirculated, a premium piece.

13322

Aurora, IL - $100 1902 Plain Back Fr. 700 The Merchants NB Ch. # 3854
A nicely margined large size hundred which, like its lower denomination siblings offered above, is perfect for type. The paper is bright white, the inks dark and vivid, and the eye appeal exceptional. Choice Crisp Uncirculated.

13323

Aurora, IL - $50; $100 1929 Ty. 1 The Merchants NB Ch. # 3854
This bank only issued Type 1 $50s and $100s during the Series 1929 era. The $50 grades Fine-VF with a small internal tear below the upper serial number. The $100 grades VF with the bottom margin showing a couple of small spots.

13324

Aurora, IL - $20 1882 Brown Back Fr. 498 The German American NB Ch. # (M)4469
The census shows six notes extant with this desirable ethnic title, the first used by this Aurora bank. It's one of only two Brown Backs reported to date, and the nicer of the pair. Nice pen signed Fine-Very Fine.

13325

Aurora, IL - $10 1902 Date Back Fr. 619 The German American NB Ch. # (M)4469
A second pen signed example bearing this sought after nomenclature. Nice Fine-Very Fine.

13326

Aurora, IL - $10 1902 Plain Back Fr. 632 The American NB Ch. # 4469
A small hole is noticed at top center on this crisp Very Fine example from a bank which had to change its name due to growing anti-German sentiment during WWI.

13327

Aurora, IL - $10 1902 Plain Back Fr. 632 The American NB Ch. # 4469
The second title used here, which was adopted after the anti-German hysteria surrounding America's entry into the First World War prompted a change in title. Pleasing Fine++.

13328

Aurora, IL - $20 1902 Plain Back Fr. 658 The American NB Ch. # 4469
To date, this is the only $20 Plain Back known to collectors. Solid margins and decent paper quality add to the originality of this note. It is not quite as firm as one would expect of a full Fine. Very Good-Fine.

13329

Aurora, IL - $10 1902 Plain Back Fr. 627 The Old Second NB Ch. # (M)4596
Aurora, IL - $10 1902 Plain Back Fr. 627 The Old Second NB Ch. # 4596
Aurora, IL - $20 1902 Plain Back Fr. 653 The Old Second NB Ch. # 4596
The $20 PB grades VF, while the two $10 notes grade Fine, with one displaying pinholes.

13330

Aurora, IL - $10 1929 Ty. 1 The Old Second NB Ch. # 4596
Broad margins are noted on all sides of this pleasing piece. PCGS Choice New 63PPQ.

13331

Aurora, IL - $10; $20 1929 Ty. 1; $10 Ty. 2 The Old Second NB Ch. # 4596
Different pairs of bank officers are found on the Type 1 and 2 notes. The Type 1 $10 is a delightful Choice AU; the Type 1 $20 grades VF with a little bit of purple ink in the top margin and the Type 2 $10 grades VF-XF.

13332

Aurora, IL - $10; $20 1929 Ty. 1 The First NB Ch. # 13565
This bank succeeded charter number 38 in July 1931 and lasted only a year before it exited the banking stage. This short life span left very few surviving notes behind for today's collectors. In fact charter number 13565 is the scarcest small size bank in this Kane County locale. This pair of notes has the later bank officers that are found in the group lot for charter number 38 that was presented earlier. The $10 grades XF-AU and the $20 grades VF with a light brown spot in the portrait.

13333

Bement, IL - $10 1902 Plain Back Fr. 628 The First NB Ch. # (M)4829
Only three large notes are known from this Piatt County issuer, with this Fine example being offered for only the second time in seven years.

13334

Braidwood, IL - $10 1902 Plain Back Fr. 633 First NB Ch. # 11895
An extremely rare Will County bank which issued only a minute quantity of large notes. When it went out in October of 1933 the amount of large notes outstanding had already sunk to a mere $840. Four examples are listed in the census from here, and we have handled three of them. Very Fine-Extremely Fine.

13335

Breese, IL - $10 1929 Ty. 1 The First NB Ch. # 9893
Embossing and originality stand out on this appealing $10 that is only a small corner fold away from uncirculated. Choice About Uncirculated.

13336

Casey, IL - $10 1929 Ty. 1 The First NB Ch. # 6026
A lot of snap remains on this Very Good $10. A little over a dozen small have been documented on this bank and that includes this note.

13337

Chicago, IL - $5 1902 Red Seal Fr. 587 The First NB Ch. # (M)2670
A pleasing Red Seal from the recharter in 1882 of charter number 8. Light circulation accounts for the grade of PCGS Fine 15.

13338

Chicago, IL - $5 1902 Date Back Fr. 592 The Fort Dearborn NB Ch. # (M)3698
This bank sports a great title for a Chicago bank as it takes the name of the fort that was built at the mouth of the Chicago River in 1808. Too bad the bank went into voluntary liquidation in January 1924, leaving many of today's collectors with this bank on their want list. A single edge tear barely breaches the frame line, while the signatures are legible on this Fine-Very Fine $5.

13339

Chicago, IL - $5 1882 Brown Back Fr. 472 The NB of the Republic Ch. # 4605
A Very Good Brown Back which makes a decent type example.

13340

Chicago, IL - $10 1902 Red Seal Fr. 613 The Hamilton NB Ch. # (M)6723
A scarce bank which issued Red Seals and Date Backs only before bowing out in 1910. Very Fine-Extremely Fine, the bottom margin trimmed just a bit into the design.

13341

Chicago, IL - $10 1902 Date Back Fr. 618 The Live Stock Exchange NB Ch. # (M)9010
This is a pleasing example from this short lived Chicago bank. Fine-Very Fine, stamped signatures.

13342

Chicago, IL - $20 1929 Ty. 2 The Lawndale NB Ch. # 10247
Broad margins, nice paper waves, and bold embossing add to the appeal of this Gem. CGA Gem Uncirculated 66.

13343

Chicago, IL - $10 1902 Plain Back Fr. 633 Albany Park NB Ch. # 11737
This elusive Very Good+++ note from a community just northwest of Chicago shows a bit of soiling on the back, while the signatures have faded.

13344

Christopher, IL - $10 1902 Plain Back Fr. 625 The First NB Ch. # 8260
A very scarce bank in large size, with the census from here standing at just four pieces. This example is new to the census, and is just a bit lower grade than the note from here we sold in our last sale which fetched a winning bid of $2300. Very Good-Fine, with sea-green pen signatures of F.G. Litt, A. Cashier, and Nelson Browning.

13345

Coulterville, IL - $20 1902 Plain Back Fr. 660 The First NB Ch. # 12000
This is the first large size example from this avidly collected community to reach the market since 2004, when a somewhat nicer piece from here realized over $5000. This example is not that nice, but it is intact and problem free save for plenty of honest circulation. Very Good.

13346

Danville, IL - $50 1929 Ty. 1 The Second NB Ch. # 2584
Light handling is seen on this attractive $50. Extremely Fine-About Uncirculated.

13347

Decatur, IL - $10 1902 Plain Back Fr. 630 The NB Ch. # 4920
H.R. Gregory and J.R. Meriweather were able to weather the financial storm of the Great Depression leaving this Fine+++ note behind for the collectors of today to enjoy.

13348

Decatur, IL - $20 1882 Date Back Fr. 553 The Millikin NB Ch. # (M)5089
A wonderful type note from here which we haven't had the opportunity to offer in four years. Fine-Very Fine.

13349

East Peoria, IL - $5 1902 Plain Back Fr. 598 First NB Ch. # 6724
Beautiful blue stamped signatures of E.M. McFarlane and Herbert R. Dennis decorate this handsome, evenly circulated note from a tough bank. The First would close its doors for the last time in September 1934, leaving just $335 in large notes outstanding. Very Fine, with original surfaces.

13350

El Paso, IL - $5 1902 Plain Back Fr. 607 The Woodford County NB Ch. # 5510
This note is one of 10 large in the census from a bank that had $1,875 large size outstanding in 1935. Purple stamped signatures of J.F. Sturgeon and J.F. Shephard highlight this PCGS Fine 15PPQ $5.

13351

Farmer City, IL - $5 1902 Plain Back Fr. 599 The John Weedman NB Ch. # 3407
A pleasing note from this popular private name bank which has been graded CGA Fine 15.

13352

Flora, IL - $20 1929 Ty. 1 The Flora NB Ch. # 11509
While two banks issued from here, this is the scarcer of the pair. Although seven examples of this type and denomination are documented in the census, this Extremely Fine note is the nicest by a considerable margin, with the balance of the population being in the Very Good to Fine range.

13353

Galena, IL - $10 1902 Date Back Fr. 616 The Merchants NB Ch. # (M)979
Beautiful dual color pen signatures grace the surface of this crisp Very Fine example that has several rust flyspecks. A scarcer type from the home town of Ulysses S. Grant, with this becoming only the second recorded for the type.

13354

Galena, IL - $10 1929 Ty. 1 The Merchants NB Ch. # 979
This attractive Very Fine appears undervalued as only three small size notes are known from this institution and it is the finest of those reported. In its first and only appearance at public auction, this note garnered more than $1,300.

13355

Galena, IL - $10 1902 Plain Back Fr. 624 The Galena NB Ch. # 3279
Last sold by us in January 2003 as part of the Herget Collection, where it was described, "It is a testament to the tenacity of Walter Herget that his collection contains examples from both of Galena's rare issuers. Just three large notes are recorded in the Kelly census from here, and our records show that the last offering of any kind, large or small, came five years ago. Sharp Very Fine-Extremely Fine. From Chet Taylor in 1989." The large size population has more than doubled in over four years but it is still a desirable note none the less.

13356

Galena, IL - $20 1929 Ty. 1 The Galena NB Ch. # 3279
This discovery note increases the population of known notes from this institution to eleven, only five of which are small size. The paper is attractive and original. Very Fine.

13357

Gardner, IL - $10 1902 Plain Back Fr. 626 The First NB Ch. # (M)9406
Eight large notes are now known from this Grundy County issuer. About Fine. ex-Walter T. Herget Collection.

13358

Gillespie, IL - $10 1902 Red Seal Fr. 614 The Gillespie NB Ch. # (M)7903
This is a very scarce bank, with the census standing at just five pieces, only one of which is a Red Seal. This brightly colored example is new to that listing, and is considerably higher grade than the other Red Seal known from here. Sharp Very Fine with bold pen signatures, a premium piece likely to realize...

13359

Granite City, IL - $10 1929 Ty. 1 The First NB Ch. # 5433
This bank is much scarcer in small than in large. In fact we can locate only two auction appearances in small in the last 10 years. This is an original Very Fine+ $10. A small spot is found at Hamilton's temple.

13360

Gridley, IL - $5 1902 Plain Back Fr. 606 The First NB Ch. # (M)11208
An extremely rare McLean County bank which was in business for only five years before departing in 1923. The Kelly census shows just five notes extant from the bank, the sole issuer here, with this the only $5. Very Fine. Ex-Lynn Shaw Collection.

13361

Homer, IL - $10 1929 Ty. 2 The First NB Ch. # 11882
This note is new to the current census of 9 small, but the only Type 2 $10 accounted for. Very Good.

13362

Irving Park, IL - $20 1929 Ty. 1 The Irving Park NB Ch. # 10179
This evenly circulated note is problem free and boldly printed.

13363

Joliet, IL - $20 1882 Brown Back Fr. 499 The Will County NB Ch. # 1882
A neat item as the charter and series match. Lovely pen signed surfaces and repeating serial number 5858 are exhibited. Fine.

13364

Kansas, IL - $1 Original Fr. 382 The First NB Ch. # 2011
A lovely First Charter ace with as bright a red overprint as we've ever seen. CGA Choice Uncirculated 64 and a perfect example for any high end type set.

13365

LaSalle, IL - $10 1882 Value Back Fr. 577 The LaSalle NB Ch. # (M)2503
A fair number of uncirculated $10 Value Backs have survived from here, making this an ideal bank for type. Few if any are nicer than this specimen, which has retained all of the attributes that a collector could hope for, including great freshness and paper quality, bold original embossing, and wonderful colors of ink and paper. The margins are even all around on both sides, and far above what is normally seen on this issue. All in all, it is a superior specimen which will delight even the most discriminating of collectors. Gem Crisp Uncirculated.

13366

LaSalle, IL - $10 1882 Value Back Fr. 577 The LaSalle NB Ch. # 2503
An inadvertent bath at one time has caused some staining visible on the back as well as fading in the signatures. Otherwise this note is as printed, bright with plenty of embossing. PCGS New 61.

13367

Lawrenceville, IL - $10 1902 Plain Back Fr. 633 The First NB Ch. # 5385
Frederick W. Keller served as president from 1906 until the bank closed its doors in 1932, while Edna E. Thorn served as cashier from 1919 on. Fine, from the only issuer in this small community.

13368

Lincoln, IL - $1 Original Fr. 382 The First NB Ch. # 2126
A lovely example with blazing colors and wonderful eye appeal. Were it not for a tight margin at the upper right, this note most certainly would have attained the Gem designation. PMG Choice Uncirculated 64.

13369

Lincoln, IL - $50 1882 Brown Back Fr. 516 The First NB Ch. # 2126
An extremely scarce type and denomination from any state, and in just the condition that collectors appreciate. Bright Fine-Very Fine, with a close top margin more than offset by vivid colors and sharp pen signatures.

13370

Marion, IL - $10 1902 Plain Back Fr. 627 The First NB Ch. # 4502
This institution succumbed on Dec. 5, 1930. This note is clean with plenty of embossing and a slight corner tear at lower left. Stamped signatures of Campbell and Holland are found on this Very Fine $10.

13371

Marissa, IL - $5 1902 Plain Back Fr. 598 The First NB Ch. # (M)6691
The last note we sold from here of this type realized $2041.25. Though that example was a touch better, expect this Fine-Very Fine example to realize in the area of...

13372

Moline, IL - $10 1882 Brown Back Fr. 479 The First NB Ch. # 160
A rare but low grade example which is only the second note reported from this Moline bank. Moline, which had only two banks, easily ranks as the most difficult location of any size in this state from which to find a note, as the other Moline bank is represented by only two notes as well. All three offerings from this community (two of which were the same note) in the past decade have realized between $9775 and $11,000. This piece, which is limp and has soft surfaces, will certainly bring less. How much less will be determined by the number of collectors who just want to add one note from this prohibitively rare location to their collection. Good.

13373

Mount Auburn, IL - $20 1929 Ty. 1 The First NB Ch. # 9922
A lovely note which is tied with one other uncirculated example as the finest known example from here, large or small. Bright Choice Crisp Uncirculated.

13374

Mount Carmel, IL - $10 1882 Brown Back Fr. 484 The First NB Ch. # (M)4480
This is a tough early note from here which remains bright with wonderful pen signatures. Extremely Fine-About Uncirculated.

13375

Mount Olive, IL - $5 1902 Date Back Fr. 590 The First NB Ch. # (M)7350
A seldom seen Macoupin County bank, with this the only Date Back of any denomination recorded from here to date. Pen signed Fine.

13376

Mount Pulaski, IL - $10 1882 Brown Back Fr. 483 The First NB Ch. # (M)3839
While not a particularly rare bank with nearly two dozen large size notes known, only three Brown Backs are reported from this institution, with this the only $10. We are bewildered by the PCGS Very Good 10 grade as this is a full Fine note without a single break in the paper and most importantly bold color front and back. There is little wonder why the census lists this beauty as Fine.

13377

Mount Pulaski, IL - $5 1902 Plain Back Fr. 600 The First NB Ch. # 3839
From a known run of CU notes, this well embossed and deeply inked note has been graded CGA Gem Uncirculated 66.

13378

Mount Sterling, IL - $10 1882 Date Back Fr. 545 The First NB Ch. # (M)2402
Large notes only from this bank, the sole issuer in rural Brown County. Evenly circulated Very Fine, and only the third $10 1882 Date Back reported.

13379

Oakford, IL - $10 1902 Red Seal Fr. 614 The First NB Ch. # (M)8256
This attractive Serial Number One Red Seal is from a known 10-10-10-20 cut sheet. Interestingly this plate position B note was the only piece to survive without sheets folds or handling and remains the only note from the sheet in fully uncirculated condition. Though the top margin is cut tight, the bright overprint and carefully penned officers' signatures provide aesthetic appeal. PMG Choice Uncirculated 63.

13380

Oakland, IL - $10 1882 Brown Back Fr. 487 The Oakland NB Ch. # 2212
A couple of pinholes are noticed at left on this well signed example. Fine-Very Fine.

13381

Oakland, IL - $20 1929 Ty. 1 The Oakland NB Ch. # 2212
This note is new to the census for this Coles County bank. Fine+++.

13382

Oblong, IL - $10 1902 Plain Back Fr. 626 The Oil Belt NB Ch. # (M)8696
Only about a half dozen large size notes are known from this Crawford County issuer. This piece shows a very deep blue overprint though there is a stain that affects the bottom half of the note. Very Fine.

13383

Ogden, IL - $20 1902 Plain Back Fr. 659 The First NB Ch. # (M)5304
The embossing of the serial numbers and the charter numbers remain bold on this lightly circulated issue. This may have been a family run bank, as the Cashier and President's signatures are Leo Freese and A.H. Freese respectively. Bright, white Very Fine.

13384

Oregon, IL - $20 1882 Date Back Fr. 550 The First NB Ch. # 1969
CAA last sold this still boldly signed example in 2000 for almost $2000. A small split at lower left is trivial when compared to the scarcity of the type from here. Fine.

13385

Paris, IL - $10 1875 Fr. 416 The First NB Ch. # 1555
A bright and attractive example which is perfect for type. This comes from an old time hoard that dates back at least fifty years and has been the primary source for uncirculated Series 1875 tens ever since. Our consignor's notes indicate he paid a whopping $325 for this specimen in 1978, recalling a halcyon time before the real scarcity of items such as this was recognized. Bright Choice Crisp Uncirculated, with the top margin just a hair close and a bit of handling evident at the top right side.
From The John Ameen Collection

13386

Peoria, IL - $20 1929 Ty. 1 The First NB Ch. # 176
Currency Auctions of America last auctioned this note in 1990. Since then it has been held in a collection. In the holder this perfectly margined Serial Number One appears fully Gem, though there is some light handling that limits the grade. PCGS Very Choice New 64PPQ.

13387

Peoria, IL - $10 1882 Brown Back Fr. 490 The Commercial German NB Ch. # (M)3296
Technically a bit better than the Fine grade assigned due to the one inch margin split to the left of the president's signature. Plenty of eye appeal and great pen signatures offset this problem. A few stray pen marks are seen on the back.

13388

Plymouth, IL - $5 1929 Ty. 1 The First NB Ch. # 12658
This is a very scarce one bank community, particularly in small size, where the census stands at just four pieces including this note. However, not a single one of these notes has found a new home via the auction route. Fine.

13389

Ridge Farm, IL - $5 1902 Plain Back Fr. 600 The City NB Ch. # (M)8630
This Vermilion County outlet fell victim to the depression in 1934, leaving just $1,220 outstanding of its Large Size circulation. PCGS Very Good 10.

13390

Robinson, IL - $5 1902 Plain Back Fr. 606 The First NB Ch. # (M)5049
A very scarce note from a bank with just $830 outstanding in large size at the time of the bank's closing in 1932. Wonderful pen signatures grace the front while a previous owner penned a couple of inscriptions on Christmas Day 1919 on the back. Some embossing is still present on this slightly aged Very Fine++.

13391

Rock Island, IL - $10 1875 Fr. 419 The Peoples NB Ch. # 2155
Sold by CAA in May 1997, where it was cataloged, "Very well worn, and with a large corner chunk missing, but still a First Charter Rock Island note for all that. Good."

13392

Rossville, IL - $10 1882 Value Back Fr. 577 The First NB Ch. # (M)5398
A bit of softness is felt on this note from a not so common issuer with only six large known. Very Good with a corner tip at upper right missing.

13393

Stockton, IL - $10 1929 Ty. 2 The First NB Ch. # 13666
The last public appearance of a note from this Type II only bank was in 2005. This piece is a most appealing Very Fine.

13394

Stonington, IL - $20 1902 Plain Back Fr. 659 The First NB Ch. # (M)5291
A very scarce note from the only bank to issue in this well collected Christian County location. This bank was missing from the major Illinois holding we sold in May, and offerings from here in recent years have been exceptionally sparse. Fine.

13395

Toledo, IL - $20 1882 Date Back Fr. 555 The First NB Ch. # (M)5273
Much eye appeal remains on this lovely example with excellent pen signatures. Closer to the higher end of the split grade, an edge split along the bottom is the only distraction. Very Fine-Extremely Fine.

13396

Tremont, IL - $10 1902 Plain Back Fr. 624 The First NB Ch. # 6421
Good margins on all four sides, deep embossing, and bold stamped signatures add to the appearance of this example. However, the note has a lone diagonal fold on the left side that is nearly impossible to detect. Choice About Uncirculated.

13397

Villa Grove, IL - $20 1902 Plain Back Fr. 650 The First NB Ch. # 7088
Ample margins and perfectly original, uncompromised paper are noted on this Douglas County issued $20. Fine.

13398

Westervelt, IL - $10 1902 Plain Back Fr. 631 The Farmers NB Ch. # 10641
This is the only bank chartered in this small community, and is just plain rare. The Kelly census shows just four large notes recorded, and our records show only three large size appearances of any kind from here at public sale since 1945. Very Fine.

13399

Westfield, IL - $5 1929 Ty. 1 The First NB Ch. # 8216
This bank shows a huge disparity in the census between large notes and small, with 31 large examples reported against just three small. This is one of that trio, and the nicest by a considerable margin. Fine-Very Fine.

13400

Witt, IL - $10 1929 Ty. 1 The NB of Witt Ch. # 13144
This is a scarce issuer that issued Type 1 notes only before liquidating in 1933. This example is Very Good+ displaying only honest circulation and a little bit of wallet rub along the back right-hand margin.

13401

Brazil, IN - $5 1902 Plain Back Fr. 607 The Riddell NB Ch. # 5267
A decent large example from this private name issuer. Fine-Very Fine, with the faint signature of Mr. Riddell as President still visible.

13402

Center Point, IN - $20 1929 Ty. 2 The First NB Ch. # 9250
A tougher note from the only bank in town to issue. Fine, with a small split and a written number on the face. This example is the only Type 2 twenty reported from here to date.

13403

Danville, IN - $50 1902 Date Back Fr. 667 The First NB Ch. # (M)152
Some heavy staining is noted on this high denomination as are some missing pieces of the margins. To date, this is the only Date Back $50 to show up from this bank in the collecting community. Very Fine.

13404

Evansville, IN - $20 1875 Fr. 432 The Citizens NB Ch. # 2188
A lovely example of this very scarce and still undervalued type. This example displays bright colors, excellent paper quality, and great eye appeal for a circulated specimen. Very Fine.
From The Warren Marshall Collection

13405

Evansville, IN - $5 1902 Date Back Fr. 592 The Bankers NB Ch. # (M)8832
A very rare Indiana bank which issued Red Seals and Date Backs only during its brief seven year tenure. Just three notes are known, and, with this offering, we have now sold all of them. It has been seven years since the last appearance of any example from here, and, with the other two notes in very strong hands, may be considerably longer before the opportunity to own any note from this interestingly titled bank again arises. Very Good.

13406

Fort Wayne, IN - $20 1875 Fr. 434 The Hamilton NB Ch. # 2439
This is the only note of its type listed for this bank in the Kelly census. Good+.

13407

Fowler, IN - $10 1902 Plain Back Fr. 627 The First NB Ch. # 5430
A bright and attractive example which is one of a short run of uncirculated large notes from this bank. Pen signed Choice Crisp Uncirculated.

13408

Greensburg, IN - $10 1902 Plain Back Fr. 624 The Third NB Ch. # 2844
While series 1929 examples from this bank are easily found, large notes are another story, with this specimen, which bears the first title used here, one of just five pieces known with this nomenclature. Pen signed About Fine.

13409

Hammond, IN - $5 1902 Plain Back Fr. 606 Hammond NB & TC Ch. # 8199
A very rare note bearing the third title used here, found only on large notes issued between early 1928 and mid-1929. Just one large example is known bearing this nomenclature, with that note off the market since its last appearance in 1995. Fine-Very Fine, with a small stain near the top affecting nothing.

13410

Indianapolis, IN - $20 1902 Plain Back Fr. 650 The Indiana NB Ch. # (M)984
A bright About Uncirculated note with fully legible stamped signatures. The overprint is bold and deeply embossed.

13411

La Porte, IN - $10 1902 Date Back Fr. 616 The First NB Ch. # (M)377
Even though thirteen examples are known in large size, auction appearances have been minima. Stamped signatures are a bit faded but visible on this lightly soiled note. Good-Very Good.

13412

Lafayette, IN - $1 1875 Fr. 383 The National State Bank Ch. # 930
This note has a lot of life and relatively bright paper for the grade. The signatures of C.B. Phelps and M. Fowler are bold and the overprint remains solid, though is a touch faded. Fine.
From The Warren Marshall Collection

13413

Lewisville, IN - $20 1929 Ty. 1 The First NB Ch. # 5526
We last offered this attractive and original piece in 2006 (it realized nearly $2000), making it the only small size note from this bank that has been offered for auction in the last half decade. This attractive example is easily the nicest of any specimen, large or small, that we know of from this one bank locale. Sharp Very Fine.

13414

Mitchell, IN - $10 1929 Ty. 1 The First NB Ch. # 6433
Public offerings of any note from this banking institution were last recorded over two years ago. This Fine has all the firmness expected of a Very Fine, but is a little too soiled for the grade.

13415

Morgantown, IN - $20 1902 Plain Back Fr. 650 The First NB Ch. # (M)7652
Very strong pen signatures remain on this note which has been off the market for many years. Crisp Uncirculated.

13416

Mount Vernon, IN - $10 1929 Ty. 1 The Old First NB Ch. # 12466
A very scarce bank which issued Type ones only in small size before liquidating in September of 1931. This becomes only the second $10 note on the bank. Fine.

13417

Mulberry, IN - $10 1902 Plain Back Fr. 628 The Citizens NB Ch. # 10234
The signatures are strong with one stamped and one signed in different color ink. Only eight large size notes are known from here. PMG Extremely Fine 40 EPQ.

13418

New Castle, IN - $10 1882 Brown Back Fr. 480 The First NB Ch. # (M)804
A just plain rare Indiana bank which issued large notes only. Just four single notes and one First Charter uncut sheet comprise the entire census from here, with none of the single notes having been available for many years. This newly discovered piece is the only Brown Back known from the bank, and is certain to create considerable excitement amongst the many collectors of this state's notes. Pen signed Very Good-Fine, with excellent color and body for the grade.

13419

Richmond, IN - $1 1875 Fr. 386 The Richmond NB Ch. # 2090
This scarce Large only bank functioned for just 11 years before a receiver was appointed in 1884. Other than the Serial # 1, this is the nicest of the eight examples of this type and denomination recorded from here. About the only distractions on this nice looking Very Fine with delicate black ink signatures are a small paper skin at upper right and an area of old tape reside at upper left, both of which are easily counterbalanced by the otherwise superior aesthetics of this lovely note.

13420

Rushville, IN - $10 1902 Plain Back Fr. 628 The Rush County NB Ch. # (M)1869
One of the more common large size issues from here exhibiting good color and strong signatures. Fine-Very Fine.

13421

Sheridan, IN - $5 1902 Plain Back Fr. 607 The First NB Ch. # 5296
The second title used by this just plain rare bank. Other than a single Brown Back bearing the first title which has never been publicly offered, this new to the census specimen is by far the nicest example known from this large size only institution. Track and Price shows only one offering of any kind from here at public sale since a 1985 auction appearance. Very Fine-Extremely Fine.

13422

South Bend, IN - $10 1902 Date Back Fr. 616 The First NB Ch. # (M)126
Bold signatures of Kimball and Staley are noted on this moderately circulated issue.

13423

South Bend, IN - $50 1902 Plain Back Fr. 679 The Citizens NB Ch. # 4764
Paper snap and stamped signatures of H.P. Rausch and G.H. McMichael remain on this $50. The left and right edges exhibit some tears, with a couple reaching the frame line. Still, including this $50, a mere 25 $50 1902 Plain Backs call Indiana home. Very Good-Fine.

13424

Sunman, IN - $10 1902 Plain Back Fr. 627 The Farmers NB Ch. # 8878
Fresh, original paper and remaining embossing have earned this fully signed issue an Exceptional Paper Quality moniker from PMG. It has been almost two years since the last major auction offering of a large size issue from this bank. PMG Very Fine 30 EPQ.

13425

Tipton, IN - $5 1902 Red Seal Fr. 587 The First NB Ch. # (M)6251
Despite the edge splits, one of which is 3/4", this example still retains plenty of eye appeal due to its brightness. Very Fine.

13426

Vincennes, IN - $10 1875 Fr. 416 The First NB Ch. # 1873
A bright First Charter example with most of the wear confined to the reverse. Fine+, with a couple of minor splits at the folds.

13427

Buffalo Center, IA - $5 1902 Plain Back Fr. 606 The First NB Ch. # (M)5154
An evenly circulated piece bearing one of the neater town names found on National Bank Notes. Very Fine, with clear purple signatures.

13428

Burlington, IA - $5 1902 Plain Back Fr. 601 The Merchants NB Ch. # (M)1744
A lovely example with fresh white paper and total originality. With a bit more margin on the bottom this piece would easily make the gem grade. A tiny rust flyspeck is seen at lower left. CGA Choice Uncirculated 64.

13429

Casey, IA - $10 1902 Plain Back Fr. 625 The Abram Rutt NB Ch. # 8099
A great private name bank with as good a private name title as could exist. Fine-Very Fine, with the bottom margin trimmed quite a bit into the design.

13430

Cedar Rapids, IA - $5 1875 Fr. 404 The Merchants NB Ch. # 2511
Series 1875 $5 notes are not considered an exceptionally scarce Iowa type and denomination, but the Kelly census enumerates well under 100 such notes from all Iowa banks combined, reminding us how truly scarce these early notes are. This specimen is an evenly circulated example which, like all Iowa First Charter notes, bears a state seal on the reverse depicting only a lone eagle which displays no relationship to the official state seal adopted by the Iowa legislature in 1847. No other states' First Charter notes used a seal of this type, and no record exists as to why the Treasury chose this strange seal, which was used on both Iowa's First Charter and early Brown Back issues. Fine.

13431

Cedar Rapids, IA - $10 1902 Plain Back Fr. 626 The Cedar Rapids NB Ch. # (M)3643
A high grade example which appears new at first glance. Extremely Fine.

13432

Colfax, IA - $20 1929 Ty. 2 The First NB Ch. # 13686
This bank, which issued a limited quantity of Type 2 examples only, was the successor bank to the First NB of Colfax, which failed early in 1933. Notes from this institution are quite scarce, with our records showing this to be the first public offering of any kind from this late charter bank. Just thirty sheets of twenties were issued, with this the sole reported specimen. Nice Fine-Very Fine.

13433

Columbus Junction, IA - $20 1902 Plain Back Fr. 654 The Louisa County NB Ch. # (M)2032
The signatures are still visible on this Louisa County issue. Very Good.

13434

Coon Rapids, IA - $10 1882 Value Back Fr. 577 The First NB Ch. # (M)5514
This is one of only two Value Backs in the census from this much sought after location, with the note offering decent margins and strong signatures. The bad news here is that there are several rust stains scattered about the note, along with a small rust hole that is added without extra charge. Overall, Fine but damaged is the verdict here, with the note likely worth in the area of...

13435

Des Moines, IA - $5 1882 Value Back Fr. 574 The Des Moines NB Ch. # (M)2583
A pleasing still crisp example with strong stamped signatures present. Very Fine.

13436

Fort Dodge, IA - $20 1902 Plain Back Fr. 650 The Fort Dodge NB Ch. # 2763
The margins are broad on three sides and despite some roughness on the edges, the paper is solid. Fine.

13437

Iowa Falls, IA - $20 1929 Ty. 1 The First NB Ch. # 3252
This Choice About Uncirculated Type 1 $20 is perhaps as close as a note can come to being uncirculated and yet not quite make it. It is every bit as fresh, bright, and crisp as the day it was printed. The embossing is prominent.

13438

Little Rock, IA - $10 1902 Plain Back Fr. 625 The First NB Ch. # 8119
A just plain rare bank in large size, with most all of the known examples having been tied up in major Iowa holdings for many years. Track and Price has recorded the appearance of only one large note from here at public sale during the past fifteen years. Pen signed Very Good+, with the top margin trimmed a bit into the design.

13439

Mount Pleasant, IA - $10 1902 Plain Back Fr. 624 The First NB Ch. # 299
An attractive large example from this Henry County issuer. Very Fine, with two color signatures.

13440

New Hampton, IA - $10 1902 Plain Back Fr. 624 The Second NB Ch. # 7607
There is a lot of life left in this moderately circulated issue from Chickasaw County. Even for the grade, the paper remains bright. Very Fine.

13441

Oelwein, IA - $10 1882 Value Back Fr. 577 The First NB Ch. # (M)5778
A lovely Value Back which is far nicer than most examples graded as uncirculated. This piece is utterly original and displays its full embossing along with bright white paper and lovely pen signatures. About Uncirculated, a perfect example for any high end type set.

13442

Osage, IA - $50 1929 Ty. 1 Osage Farmers NB Ch. # 4885
A decent high denomination example from this elusive bank. Very Fine, with a bit of writing on the back margins.

13443

Ottumwa, IA - $100 1902 Date Back Fr. 689 The First NB Ch. # (M)107
Though a few high denominations are known from this bank, none of the $100's avoided circulation and most saw extensive use. This piece is evenly circulated with some discoloration. The overprint is still bold. Very Good.

13444

Ottumwa, IA - $50 1902 Plain Back Fr. 684 The Ottumwa NB Ch. # 2621
High denominations only from this bank in Third Charters and small size, with this new to the census specimen one of the prettiest we've seen. Pleasing Fine-Very Fine, with vivid purple signatures of the assistant cashier and vice president.
From The Walla Walla Collection

13445

Saint Ansgar, IA - $10 1902 Plain Back Fr. 631 The First NB Ch. # 10684
The census shows just eight large examples from this one bank Iowa community, with this note one of that number. Fine, but with a repaired split and an old tape stain which is distracting only on the reverse.

13446

Shenandoah, IA - $10 1902 Plain Back Fr. 624 The Shenandoah NB Ch. # (M)2679
Despite seeing some extensive use in the Iowa channels of commerce, this piece survived with wholly intact paper, solid signatures, and decent printed details. The census indicates only eight notes are known from this large size only issuer. Fine.

13447

Spirit Lake, IA - $10 1902 Date Back Fr. 617 The Spirit Lake NB Ch. # (M)8032
Although a fair number of examples are reported from this large only NW Iowa bank, appearances from here have been few and far between in recent years, with none reported from 1993 through 2007. This is a high grade example from a standpoint of wear, but it has been wet at some time, causing the fibers to run and the paper to tone. Extremely Fine.

13448

Waukon, IA - $20 1902 Plain Back Fr. 654 The Peoples NB Ch. # 10207
Large notes only from this NE Iowa bank. Fine, with one purple and one black signature.

13449

Alma, KS - $10 1902 Plain Back Fr. 628 The Farmers NB Ch. # 10195
A very scarce large example from this bank, which was one of five banks to receive charters in this small Wabaunsee County farming community. This institution issued nothing but pocket change during its twenty year run, limping along with the statutory minimum of $6250 in capital. Just $310 was outstanding in large size when the bank closed in 1932, making the current census of four large notes somewhat of a surprise. This example is certain to please, grading a nice Very Fine with lots of eye appeal and bold pen signatures.

13450

Centralia, KS - $5 1902 Date Back Fr. 592 The First NB of Centralia Ch. # (W)3824
An attractive pen signed Date Back which is certain to please. Very Fine.

13451

Cherokee, KS - $10 1902 Plain Back Fr. 633 The First NB Ch. # 5447
Very desirable in large size as this serial number 3000 example becomes only the fourth reported for this bank. A very collectible Native American town name should generate much bidder interest as it has been over seven years since a large $10 has been offered from here. PMG Fine 12.

13452

Chetopa, KS - $20 1902 Plain Back Fr. 658 The NB of Chetopa Ch. # (W)11374
A just plain scarce large example from this small SE Kansas bank. Just six large (and even fewer small) notes are listed in the census, with this new to that listing specimen higher grade than any previously recorded. About Uncirculated, with bold pen signatures.

13453

Coldwater, KS - $50 1902 Date Back Fr. 667 The Coldwater NB Ch. # 6767
While quite common in small size, large examples from this Coldwater bank are very rare, with the census standing at just four pieces, including a serial number 1 $50 Red Seal. Only high denomination notes were issued in large, a factor no doubt responsible for the scarcity of these items. This specimen is new to the census and is being offered here for the first time to the collecting public. Pen signed Fine.

13454

Concordia, KS - $50 1902 Date Back Fr. 667 The First NB Ch. # (W)3066
Our records indicate this is the only specimen from this scarce Kansas issuer to have ever been offered at auction. No serious Kansas collector should pass up an opportunity to own this note as it also represents the only opportunity to own an example from this three bank town. The other two banks share one reported note between them, a piece that has never been offered to the collecting fraternity. There is some brittleness noted in the bottom margin that has resulted in some small pieces to break away. Very Good.

13455

Delphos, KS - $20 1902 Plain Back Fr. 650 The First NB Ch. # (W)7532
This $20 is well margined and features the stamped signatures of F.B. Partridge and E. L. Chapin. Pleasing Extremely Fine.

13456

El Dorado, KS - $10 1902 Date Back Fr. 616 The El Dorado NB Ch. # (W)6494
A rather scarce bank in large, with just eight such examples listed in the census, all of which are relatively low grade. This piece is new to that listing, and is both the only Date Back as well as the nicest example reported to date. Bright Fine-Very Fine, with strong signatures.

13457

Elk City, KS - $10 1902 Plain Back Fr. 625 The First NB Ch. # 8145
The census reports just four large size notes from this wonderfully named institution. Although two banks were located here, the other remains as yet unreported. Fine, and likely to generate strong bids based on its name alone.

13458

Emporia, KS - $2 1875 Fr. 390 The First NB Ch. # 1915
According to the Kelly census only three notes grade higher than this pleasing Lazy Deuce. This note exhibits the blue end security feature which did not appear on all issues. PMG Very Fine 30 EPQ.

13459

Emporia, KS - $10 1882 Date Back Fr. 545 The Citizens NB Ch. # (W)5498
A well margined and bright example which is by far the nicest of the three Second Charter Date Backs known from here. Very Fine+.

13460

Emporia, KS - $5 1902 Plain Back Fr. 607 The Commercial NB & TC Ch. # 11781
The stamped signatures remain bold. Overall, the paper is original, though a touch toned. CGA Very Fine 25.

13461

Girard, KS - $10 1902 Red Seal Fr. 613 The First NB Girard Ch. # (W)3216
Though a bit faded, the paper remains complete on the only known Red Seal from here. The signatures are also noticeable on this Fine example.

13462

Harper, KS - $10 1929 Ty. 1 First NB Ch. # 8307
A tougher Kansas small size note from the only one of this community's four banks to last long enough to issue Series 1929 examples. Fine.

13463

Hillsboro, KS - $20 1929 Ty. 1 The First NB Ch. # 6120
A scarce note from the only bank in this Marion County community. While the census shows a fair number of pieces known, auction appearances have been few and far between over the past decade. About Fine.

13464

Hutchinson, KS - $5 1882 Brown Back Fr. 467 The First NB Ch. # 3180
A fresh and attractive $5 Brown Back with great color and eye appeal. Plenty of embossing remains and the signatures, although quite weak, are still present. Gem Crisp Uncirculated.

13465

Kansas City, KS - $20 1882 Brown Back Fr. 498 The Inter-State NB Ch. # (W)4381
A nice Brown Back from a bank which lived up to its unusual title when it relocated to Kansas City, Missouri in 1911. Very Fine+.

13466

Lyons, KS - $5 1929 Ty. 2 The Chandler NB Ch. # 14048
A lovely 14000 charter note which displays bright white paper, full original embossing, and loads of eye appeal. It also bears the signature of the "Vice" President, with the word "Vice" engraved on the plate. Very Choice Crisp Uncirculated, just the lightest touch of handling from the full Gem designation.
From The Thomas A. Bergin Collection

13467

Oswego, KS - $10 1929 Ty. 2 First NB Ch. # 11576
This piece is one of only two Type 2 examples reported from this Labette County issuer. Fine-Very Fine, with a small split in the right margin.

13468

Salina, KS - $50 1929 Ty. 1 The Farmers NB Ch. # 4742
This piece faces up well for the grade and boasts bright paper. CGA Very Fine 30.

13469

Topeka, KS - $5 1875 Fr. 405 The First NB Ch. # 2646
This is a scarce Kansas type and denomination, with about half of the population of 25 pieces coming from this state capital bank. Fine.

13470

Topeka, KS - $5 1882 Brown Back Fr. 470 The Merchants NB Ch. # 3909
According to Kelly only twelve Brown Backs are known for this bank. Signatures are still readable on this example with radar serial number 2552. Good+.

13471

Topeka, KS - $5 1902 Red Seal Fr. 589 The Merchants NB Ch. # (W)3909
To date, this evenly, but heavily circulated issue remains the only Red Seal known from this bank. Surprisingly there are no breaks noted in the paper and the overprint is sufficiently bold. Good.

13472

Topeka, KS - $10 1902 Plain Back Fr. 626 The Merchants NB Ch. # 3909
A lovely state capital example which is not at all common in this grade. Choice Crisp Uncirculated, a truly attractive note.

13473

Topeka, KS - $10 1902 Plain Back Fr. 630 The Farmers NB Ch. # 10390
A scarce state capital issue, with the population in large size just a dozen pieces. This example is as nice as any. Very Fine-Extremely Fine, with clear purple signatures.

13474

Wellington, KS - $10 1902 Plain Back Fr. 626 The NB of Wellington Ch. # 8399
A bit scarcer in large size with only five examples known. Well circulated though complete with no major problems. Very Good-Fine.

13475

Winfield, KS - $5 1902 Plain Back Fr. 601 The Cowley County NB Ch. # (W)4556
Large notes only from this scarcer family operated Winfield bank. Nice Fine+++, with bold violet signatures of M.I. Jarvis and J.E. Jarvis.

13476

Ashland, KY - $1 1875 Fr. 383 The Ashland NB Ch. # 2010
This discovery piece is a decent looking ace and one of just a few that have actually made public auction appearances. The paper is as expected for a grade of Good and has some minor splitting at the edges and some insignificant pinholes.

13477

Ashland, KY - $20 1902 Plain Back Fr. 652 The Second NB Ch. # (S)3944
A Very Good example from a scarcer Ashland bank with only this and one other 1902 $20 Plain Back listed in the census among the ten large size survivors listed by Kelly. A bit of margin roughness and the fact that the signatures have faded are the only distractions.

13478

Ashland, KY - $5 1882 Brown Back Fr. 472 The Merchants NB Ch. # 4559
From our sale of the Bill Gale collection where the description read, "A truly rare note from the Gale holdings from a bank which issued Brown Backs only until its demise in 1906. Just two examples are known, with this considerably the finer of the pair. Bill obtained this at the Glenn Martin collection sale where he paid just over $3000. Nearly four years later, that appears to have been an awfully astute purchase." CGA Fine 12.

13479

Barbourville, KY - $10 1902 Plain Back Fr. 624 The NB of John A. Black Ch. # (S)7284
This note may carry the ultimate private name, and, with only about a dozen large examples reported, is rare enough to matter as well. Pen signed Fine, a decent example likely to realize...

13480

Bowling Green, KY - $10 1902 Plain Back Fr. 626 The American NB Ch. # 9365
Bold, ornate signatures are noted on this evenly circulated piece. Fine.

13481

Bowling Green, KY - $20 1902 Plain Back Fr. 659 The Liberty NB Ch. # (S)11589
Extensive use in the Kentucky channels of commerce did not compromise the integrity of the paper on this issue. To date, only about a half dozen notes have been reported from this Warren County issuer. Very Good.

13482

Cannel City, KY - $10 1929 Ty. 2 The Morgan County NB Ch. # 7891
This one bank town is an elusive location, indeed. The 1929 census from here stands at only nine pieces. This only known Very Fine+ Type 2 $10 retains some crispness though there are several pinholes along the bottom.

13483

Catlettsburg, KY - $20 1902 Plain Back Fr. 653 The Kentucky NB Ch. # 9602
The paper on this issue is solid, though not quite firm enough for a full Fine grade. Very Good.

13484

Central City, KY - $10 1929 Ty. 1 The First NB Ch. # 8229
There never seem to be enough notes from here to satisfy demand. Very Good.

13485

Clay City, KY - $10 1882 Brown Back Fr. 484 The Clay City NB Ch. # (S)4217
A margin split is noticed at left on this example, which is new to the census. Only seven large size notes are currently enumerated in the Kelly listing. Very Good.

13486

Covington, KY - $5 Original Fr. 397 The First NB Ch. # 718
The only Original $5 known from this Kenton County issuer across the river from Cincinnati. The print is quite dark and signatures strong though pinholes have infiltrated the surface. A coating of some substance has been applied in an attempt to fill them. The back is a touch faded. Fine-Very Fine.

13487

Covington, KY - $10 1882 Brown Back Fr. 485 The German NB Ch. # 1847
A scarce, wonderfully pen signed Brown Back which bears a desirable ethnic title. Fine+.

13488

Covington, KY - $5 1882 Brown Back Fr. 471 The Citizens NB Ch. # 4260
Although very well worn and with some edge roughness, this Good note is from a scarce bank despite its low grade and still likely to realize. . .

13489

Frankfort, KY - $10 1929 Ty. 1 The State NB Ch. # 4090
This is a well embossed note with a few folds present. Extremely Fine.

13490

Frankfort, KY - $10 1882 Value Back Fr. 577 The National Branch Bank of Kentucky Ch. # (S)5376
The population of Value Backs for this state capital issuer has increased by one with the addition of this pleasing note. A touch of margin roughness is seen on this Fine-Very Fine example.
From The Warren Marshall Collection

13491

Glasgow, KY - $10 1929 Ty. 1 The First NB Ch. # 4819
This newly discovered problem free small size note raises the count from this bank to six. Very Fine-Extremely Fine.

13492

Glasgow, KY - $20 1929 Ty. 1 The First NB Ch. # 4819
This becomes the first $20 note reported from here. The bank operated for almost 40 years before going into receivership in 1932. A couple of pinholes can be seen on this Fine example.

13493

Glasgow, KY - $10 1929 Ty. 1 The Farmers NB Ch. # 9722
A nice example from a scarce Glasgow bank. Seven small notes comprise the 1929 census from here, with this piece, which is new to that listing, nicer by a considerable margin than any of the previously recorded pieces. Bright Extremely Fine.

13494

Henderson, KY - $20 1902 Plain Back Fr. 651 The Henderson NB Ch. # (S)1615
This was the first of four banks to be chartered here and the only one to issue Third Charter designs. Stamped signatures remain strong with a bit of a miscut and pinhole visible. Fine.

13495

Henderson, KY - $10 1929 Ty. 2 Ohio Valley NB Ch. # 13983
Of the notes listed in the Kelly census, this one looks to be perhaps the finest from this bank. It's crisp and bright with the usual folds. Very Fine-Extremely Fine.

13496

Lexington, KY - $50 1902 Plain Back Fr. 680 The First & City NB Ch. # 906
High denomination Plain Backs are a bit tougher from here than Date Backs. PMG Fine 12.

13497

Lexington, KY - $5 1882 Brown Back Fr. 471 The Fayette NB Ch. # (S)1720
The signatures have long since faded on this early note from a bank just up the road from Louisville. Very Good.

13498

Louisville, KY - $5 1902 Plain Back Fr. 598 The First NB Ch. # (S)109
A lone fold is noted on this deeply embossed issue. Unfortunately, the note has been trimmed on at least three sides. About Uncirculated.

13499

Louisville, KY - $20 1882 Brown Back Fr. 501 The Citizens NB Ch. # (S)2164
A small array of pinholes are noticed on this Kentucky note with printed officers' signatures. Very Good.

13500

Louisville, KY - $5 1882 Date Back Fr. 534 The Citizens NB Ch. # (S)2164
A few pinholes break the paper on this average circulated note with dark signatures. Very Good.

13501

Louisville, KY - $20 1882 Date Back Fr. 552 The Citizens NB Ch. # (S)2164
A little tightness along the top margin doesn't distract from this otherwise solid example. Fine.

13502

Louisville, KY - $20 1882 Brown Back Fr. 498 The Union NB Ch. # 4145
An evenly circulated Fine-Very Fine Brown Back with great pen signatures and a few pinholes.

13503

Louisville, KY - $20 1882 Date Back Fr. 549 The Union NB Ch. # (S)4145
Broad margins and an oversized, ornate President's signature add allure to this moderately circulated issue. PMG Very Fine 30.

13504

Louisville, KY - $10 1882 Date Back Fr. 542 The American NB Ch. # (S)4956
The first title used by this bank. Solid Very Good-Fine, a more than acceptable type example.

13505

Louisville, KY - $10 1882 Brown Back Fr. 490 The Southern NB Ch. # 5195
Strong pen signatures still remain on this bright Brown Back that is only one of three known from this short lived institution, liquidated after a run of 16 years. PMG Very Fine 25.

13506

Louisville, KY - $5 1882 Date Back Fr. 537 The NB of Kentucky Ch. # (S)5312
This piece is new to the census, but comes from a run which has produced many of the bright and broadly margined examples which make this the ultimate bank for "type" in this series and denomination. PMG Choice Uncirculated 64 EPQ.

13507

Louisville, KY - $5 1882 Date Back Fr. 537 The NB of Kentucky Ch. # (S)5312
Behemoth margins and brilliant white paper give this near-Gem the look of a fully Superb issue. The signatures and brightly colored blue overprint add to the overall aesthetic appeal. PMG Choice Uncirculated 64.

13508

Louisville, KY - $50 1882 Date Back Fr. 563 The NB of Kentucky Ch. # (S)5312
Only six of this type are available for the whole state of Kentucky. A few internal apertures, pinholes and some margin roughness at upper left are the issues plaguing this rare note. Any estimate here is but a guess as so few have come on the market. Good+.

13509

Louisville, KY - $5 1882 Value Back Fr. 574 The NB of Kentucky Ch. # (S)5312
A pleasing Value Back from this popular city. Very Fine.

13510

Louisville, KY - $10 1882 Value Back Fr. 577 The NB of Kentucky Ch. # (S)5312
Wonderful pen signatures grace the surface of this bright, strongly embossed note. Extremely Fine-About Uncirculated.

13511

Louisville, KY - $10 1882 Value Back Fr. 577 The NB of Kentucky Ch. # (S)5312
A touch of soiling is noticed on this example with signatures remaining. Fine-Very Fine.

13512

Louisville, KY - $10 1882 Value Back Fr. 577 The NB of Kentucky Ch. # (S)5312
A pleasing example of this ever desirable type note. PMG Choice 15.

13513

Louisville, KY - $20 1882 Value Back Fr. 581 The NB of Kentucky Ch. # (S)5312
A couple of well executed edge repairs on this Fine round out the Trifecta of the Value Back issues from this issuer available this evening.

13514

Louisville, KY - $20 1882 Value Back Fr. 581 The NB of Kentucky Ch. # (S)5312
Different signers than the previous lot appear on this slightly more circulated example. Very Good-Fine.

13515

Madisonville, KY - $10 1929 Ty. 2 The Farmers NB Ch. # 8451
From a Hopkins County issuer with a small population of 1929 notes laid back many years ago in uncirculated condition. This small hoard has long since been dispersed. Tonight's offering is from that group and grades Choice Crisp Uncirculated.

13516

Maysville, KY - $20 1902 Date Back Fr. 644 The Bank of Maysville National Banking Association Ch. # (S)9561
Large notes only from this very scarce Maysville bank, with the census standing at just five pieces, including this high grade example. We sold this attractive $20 Date Back for $1035 back in January of 2006, and it should be worth no less today. Pen signed About Uncirculated.

13517

Morganfield, KY - $20 1929 Ty. 2 The Morganfield NB Ch. # 7490
This is the only type 2 $20 known from here. Crisp Very Fine+.

13518

Mount Sterling, KY - $5 1875 Fr. 401 The Mt. Sterling NB Ch. # 2185
This is one of only two early notes known from this bank. The colors are bright and the signatures clear, and the note gives the appearance of grading Fine-Very Fine or better. There are, however, a few splits which are repaired on the reverse.

13519

Mount Sterling, KY - $5 1882 Brown Back Fr. 474 The Mt. Sterling NB Ch. # (S)2185
Only two Brown Backs are reported for this institution, with this being the only $5 known. A little edge roughness is noticed though the note is mostly complete. Good.

13520

Mount Sterling, KY - $10 1902 Plain Back Fr. 631 The Mt. Sterling NB Ch. # 2185
The paper is solid and original on this lightly circulated issue. The margins are full on three sides, though cut ever so lightly into the top design. Fine.

13521

Mount Sterling, KY - $20 1902 Plain Back Fr. 657 The Mt. Sterling NB Ch. # 2185
This is only the second $20 Plain Back to appear from this banking institution. The paper is most pleasing and bright. Very Fine.

13522

Mount Sterling, KY - $10 1902 Plain Back Fr. 634 The Traders NB Ch. # 6129
Bright, original paper allows the bold stamped signatures and bright blue overprint to stand out. This issue features the 1922 charter renewal date for the bank. Very Fine.

13523

Mount Sterling, KY - $20 1929 Ty. 1 The Traders NB Ch. # 6129
This note will increase the census to only 7 small for this Montgomery County bank. Fine-Very Fine.

13524

Mount Sterling, KY - $5 1902 Plain Back Fr. 608 The Montgomery NB Ch. # 6160
This wholly original note has solid paper and the 1922 plate date. Very Fine.

13525

Mount Sterling, KY - $10 1902 Red Seal Fr. 613 The Montgomery NB Ch. # (S)6160
This is one of just three Red Seals extant from this bank. Although well circulated, the colors and appearance are bold, and the signatures clear and sharp. Nice About Fine, and likely to see bidding reach or exceed...

13526

Owenton, KY - $100 1902 Plain Back Fr. 698 The First NB Ch. # 2868
Bold penned signatures are present on this evenly circulated issue. This example is the finer of the two known $100 Plain Backs. Fine.

13527

Paducah, KY - $100 1902 Date Back Fr. 690 The First NB Ch. # (S)1599
Remarkably few notes survived from this McCracken County bank that issued more than $1.7 Million in Nationals. This piece is only the third $100 from the bank to surface and is broadly margined. Staining is noted as is some edge damage in the left margin. Very Fine.

13528

Paducah, KY - $20 1875 Fr. 434 The City NB Ch. # 2093
We have commented at length elsewhere in this catalogue about how we have long felt that First Charter twenties from any location were severely undervalued as type notes. The market has noticed the disparity in value between the scarcer National types and other type notes and has begun, at long last, to address these often striking differences in price. This example is bright for the grade, with a bright red overprint, good color for the grade, and strong pen signatures. Fine+++.

13529

Paducah, KY - $10 1882 Date Back Fr. 540 The City NB Ch. # (S)2093
Only four examples for this type are recorded in the Kelly census. A bit of roughness around the edges is noticed on this low serial number example. Good-Very Good.

13530

Paducah, KY - $10 1902 Plain Back Fr. 635 The Peoples NB Ch. # 12961
Moderate, but even wear is noted on this issue from the Blue Grass state. Some notches are noted in the margins at the folds. Fine.

13531

Paintsville, KY - $10 1902 Plain Back Fr. 624 The Paintsville NB Ch. # (S)6100
Solid signatures and solid paper are present on this Johnson County issuer. The margins are full on all sides adding to the appeal of this Very Fine note.

13532

Richmond, KY - $20 1929 Ty. 1 The Southern NB Ch. # 9832
This rare institution has only eight 1929 notes listed in the census. This example is a solid Fine-Very Fine, problem free, but for a close margin at left. Officers are Paul Burnam and B.M. Igo.

13533

Stanford, KY - $5 Original Fr. 399 The Farmers NB Ch. # 1705
We previously sold this piece as part of the Bill Gale Collection. This is the only $5 recorded in the census, and it may well be the nicest note of any of the six listed pieces. Fine, with a miniscule body hole that affects nothing.

13534

Whitesburg, KY - $5 1929 Ty. 1 The First NB Ch. # 10433
A very scarce note from the only bank in town to issue. Only Type 1 examples can be found in small size, as the bank entered receivership in June of 1932. Pleasing Very Fine, with a tiny spot in the bottom margin mentioned only for the sake of total accuracy in cataloguing.

13535

Lafayette, LA - $5 1902 Plain Back Fr. 606 The First NB Ch. # 5023
The census includes just two $5 Plain Backs, including this nice Fine++ with ample margins and strongly stamped officers' signatures. This is a quite presentable note from both a difficult bank and an even scarcer type and denomination within the known population from the issuer.

13536

Lake Charles, LA - $10 1882 Brown Back Fr. 490 The Calcasieu NB Ch. # 5157
A very scarce note from a Lake Charles bank which issued Second Charters only before liquidating in 1916. This Brown Back displays nice color and bears pen signatures of the A. Cashier and Vice President. Very Fine.

13537

Morgan City, LA - $10 1902 Plain Back Fr. 624 The First NB Ch. # (S)6801
Six large notes and one uncut sheet are known for this St. Mary Parish locale. The signatures have faded and there are a couple of edge tears which affect the design to a degree. A note that should generate some interest among Louisiana faithful. Very Good.

13538

New Orleans, LA - $50 1902 Plain Back Fr. 676 The Whitney-Central NB Ch. # 3069
The number of folds on this high denom is sufficient for a full VF grade, though two of the folds are a touch too heavy for that particular grade. Fine.

13539

Shreveport, LA - $20 1902 Plain Back Fr. 658 The Exchange NB Ch. # 11521
This discovery note is a welcome addition to the census. Though about a half dozen notes are known from this Caddo Parish bank, this is the first piece to be offered at public auction since 2001. Solid engraved signatures and a decent overprint add to the appeal of this scarce note. There are some pinholes and paper aberrations, none of which should distract a serious Louisiana collector from pursuing this piece. Very Good.

13540

Ville Platte, LA - $10 1929 Ty. 1 The First NB Ch. # 10588
Here is a scarce Louisiana note with only five small size notes noted in Kelly. It comes from a one-bank town located in a one-bank Parish 80 miles west of Baton Rouge, and is a bank that had a barely 20 year run before being liquidated in 1934. Fine.

13541

Bangor, ME - $5 1882 Brown Back Fr. 466 The First NB Ch. # 112
Tom Bergin didn't have many non-New York State Nationals in his collection, but he did have this blockbuster of a $5 Brown Back. If ever a picture was worth a thousand words, it's here, as no printed description could ever evoke the beauty and desirability of this gorgeous Brown Back. Adding to its appeal is its grade, which is actually New save for three totally inconsequential folds. The note has retained all of its originality, displays its full embossing, and likely had no real circulation whatsoever, as the colors and signatures are as fresh as the day this item left the bank. This specimen has been off the market since Tom obtained it back in 1983, and no example from this bank was found in the massive Power Collection of $5 Brown Backs. Extremely Fine+++.
From The Thomas A. Bergin Collection

13542

Bangor, ME - $5 1902 Plain Back Fr. 598 The First NB Ch. # (N)112
A couple of stains are noticed on this Penobscot County example. Very Good+.

13543

Bangor, ME - $10 1902 Plain Back Fr. 624 The First NB Ch. # (N)112
Not quite as nice as the $5 Brown Back above, but likely to cost considerably less. Pleasing Fine+.

13544

Bangor, ME - $10 1902 Plain Back Fr. 624 The Merchants NB Ch. # 1437
This is one of the nicest notes available from this bank. Nicely margined with deeply stamped signatures present on bright surfaces. Very Fine-Extremely Fine.

13545

Lewiston, ME - $5 1875 Fr. 401 The First NB Ch. # 330
Less than 20 examples of the Series 1875 $5 are known for the entire state and even fewer $5 Originals exist. The signatures have somehow withstood the test of time on this circulated example, which has a stamped "7" at lower right. Very Good.
From The Warren Marshall Collection

13546

Portland, ME - $5 1902 Plain Back Fr. 598 The First NB Ch. # 221
Solid signatures and bright white paper add to the eye appeal of this note. Very Fine.

13547

Saco, ME - $10 1929 Ty. 2 The York NB Ch. # 1528
It has been several years since an original New Type 2 has been on the market. CGA Gem Uncirculated 66.

13548

Searsport, ME - $10 1875 Fr. 420 The Searsport NB Ch. # 2642
This new to the market piece has been ensconced in a long hidden collection for almost four decades before being offered to the numismatic fraternity this evening. This becomes only the second First Charter known from here, with this by far the finer of the pair. The Searsport NB was the sole National Bank in this historic and quite lovely community, and offerings of any kind have been few and far between over the years. This piece, with its distinctive title layout, which is one we've not seen on any other First Charter ten, is a real winner. Sharp Fine-Very Fine.
From The Warren Marshall Collection

13549

Baltimore, MD - $50 1882 Brown Back Fr. 515 The National Mechanics Bank Ch. # (E)1413
This is only the fifth such note to be documented on this state with just a touch over 300 $50 Brown Backs reported for the entire country. A very tough note from Maryland and one that should garner plenty of bidder interest. Strong signatures remain with a hint of edge roughness noticed. Fine.

13550

Baltimore, MD - $5 1882 Brown Back Fr. 477 The National Marine Bank Ch. # (E)2453
A tougher early note from here, with this just the third $5 Brown Back reported to date. Fine, with a bit of light soil on the face.

13551

Baltimore, MD - $10 1902 Date Back Fr. 619 The National Howard Bank Ch. # (E)4218
This note comes from one of the rarest of Baltimore's banks, as this institution not only was in business for a limited period through 1915 but elected to issue fifties and hundreds only until its small Third Charter Date Back output. This $10 Date Back is new to the census from here, which now stands at five pieces. Fine.

13552

Hagerstown, MD - $10 1902 Plain Back Fr. 626 The Second NB Ch. # (E)4049
Decent stamped signatures and solid paper add to the appeal of this piece. Very Fine.

13553

Kitzmillerville, MD - $5 1902 Plain Back Fr. 600 The First NB Ch. # 8302
This is the first time we have offered a note from here in almost ten years. One of only six large known, this pleasing Fine carries legible officers' signatures. A bit of a minor repair hides an ink mark on the back.

13554

North East, MD - $5 1929 Ty. 1 The First NB Ch. # 7064
One large and five small examples constitute the entire census from this rural Cecil County community, with this specimen new to that listing. It's considerably nicer than any of the other notes known from here, having been graded as About Uncirculated 55 EPQ by PMG. Expect bidding to reach or exceed...

13555

Oakland, MD - $10 1882 Date Back Fr. 545 The First NB Ch. # (E)5623
If you are looking for a $10 Second Charter Date Back from here, your choice is limited to this Fine++ note, the only example of its type and denomination documented to date in the census. Purple signatures can still be seen. Only one Maryland collector will be able to experience the pride of owning a $10 Date Back from here after tonight. Bid liberally to ensure success.

13556

Attleboro, MA - $5 1882 Brown Back Fr. 474 The First NB Ch. # (N)2232
Solid and perfectly even margins are noted on the front of this bright and fully colored Brown Back. The back centering is a touch high. PCGS Choice New 63PPQ.

13557

Boston, MA - $10 1929 Ty. 1 The First NB Ch. # 200
An attractive and fully margined Beantown Gem. PMG Gem Uncirculated 65.

13558

Boston, MA - $10 1875 Fr. 416 The NB of the Republic Ch. # 379
Unlike many of this city's banks, few early examples are known from here, with the census showing just two First Charters of all types and denominations. Other than an uncut sheet of Red Seals we sold back in 2001, it has been a full decade since any single note from here has been available at public sale. This attractive Very Fine specimen should see some spirited bidding before the hammer falls tonight.
From The Walla Walla Collection

13559

Boston, MA - $10 1882 Brown Back Fr. 480 The NB of Redemption Ch. # 515
First and Second Charters only from this scarce Boston bank, with this Brown Back a nice problem free circulated example. Pen signed Very Fine.

13560

Boston, MA - $1 1875 Fr. 384 The Continental NB Ch. # 524
The paper is near whole, save for two pinholes. The wear is even though heavy, but all of the details are fully legible. PMG Good 6.

13561

Boston, MA - $50 1902 Date Back Fr. 667 The Boylston NB Ch. # (N)'545
A very scarce type from this bank, which closed in 1923. Very Good-Fine.

13562

Boston, MA - $10 1902 Date Back Fr. 616 The National Rockland Bank of Roxbury at Boston Ch. # (N)615
This extremely scarce bank was based in the Roxbury neighborhood, changing its title to Boston in 1904. Only four notes are known bearing the first title, and just four (along with an uncut sheet of Red Seals) make up the total census population with the second title. Pen signed Fine++, a nice example from one of Beantown's most difficult to obtain issuers.

13563

Boston, MA - $10 1902 Red Seal Fr. 613 The Atlantic NB Ch. # (N)643
This note appeared for the first time in a 2005 Stacks auction, and is the lowest serial number of the three Red Seals currently known on the bank. Six pinholes are noted on this pleasing Fine example.

13564

Boston, MA - $5 1882 Brown Back Fr. 477 The National Shawmut Bank Ch. # (N)5155
One of the more common notes for this bank, but the layout features a narrow "Five Dollars" which is not at all common in the $5 Brown Back series. PMG About Uncirculated 55.

13565

Boston, MA - $5 1882 Brown Back Fr. 477 The National Shawmut Bank Ch. # 5155
This is a pleasing note for type. Even wear and strong signatures are noticed. Fine.

13566

Boston, MA - $5 1882 Date Back Fr. 537 The National Shawmut Bank Ch. # (N)5155
Some embossing can still be seen on this bright example graced with the printed signatures of Benjamin Joy and William A. Gaston. PMG Very Fine 25.

13567

Boston, MA - $5 1902 Plain Back Fr. 609 Engineers NB Ch. # 12540
This was the second title used by this labor affiliated bank, which started off life as one of the so-called "Brotherhood" banks organized by railway labor unions in the mid-1920's. Like most of its comrades, it failed to outlive the effects of the Depression, which killed this institution off in 1930. This piece has been graded as Choice Very Fine 35 EPQ by PMG, and displays bold black signatures to go with its Exceptional Paper Quality.

13568

Braintree, MA - $5 1902 Plain Back Fr. 606 The Braintree NB Ch. # (N)11347
A high grade large example from the only bank in town to issue. Bright Extremely Fine, with clear signatures.

13569

Concord, MA - $1 1875 Fr. 383 The Concord NB Ch. # 833
A great note from one of the most evocative locations in America, literally where our country was born. While small notes are sometimes available from this storied community, large notes are prohibitively rare, with the census reporting just five examples, only one of which is earlier than a 1902 Blue Seal. This lovely note is new to that listing, and easily ranks as the finest example of any kind from this one bank location. It is a bright blue end paper specimen with vivid colors and wonderful eye appeal. Combine that with true rarity and high desirability, and you have the makings of a note certain to see some spirited bidding before the hammer falls this evening. About Uncirculated.

13570

Danvers, MA - $10 1902 Plain Back Fr. 624 The Danvers NB Ch. # 7452
A very scarce bank which had a meager $830 outstanding in large notes by 1935. Other than one uncut sheet, which is well ensconced in a long term holding at this writing, this new to the census example is the sole Plain Back extant. Nice Very Fine.

13571

Fall River, MA - $5 1882 Brown Back Fr. 467 The Fall River NB Ch. # 590
A tougher early note from this well collected community. Fine.
From The John Ameen Collection

13572

Foxborough, MA - $10 1929 Ty. 1 The Foxboro NB Ch. # 9426
This is a very seldom seen bank, with both large and small examples very difficult to obtain. Our records show no offerings of any Series 1929 notes from here at auction since 2001. Nice Fine+++.

13573

Gloucester, MA - $5 1902 Plain Back Fr. 598 The Cape Ann NB Ch. # 899
Last appearing with us in May 2004, where the description read, "One of the very nicest Third Charter examples we've ever seen from this avidly collected port city. Choice Crisp Uncirculated." Not much has changed in over three years.

13574

Gloucester, MA - $5 1875 Fr. 401 The City NB Ch. # 2292
Only a dozen notes are known from this scarce Gloucester bank, which issued First and Second Charter examples only before liquidating in 1912. We note just one appearance from here since 2001. This specimen is a bright Extremely Fine note which is new to the census.
From The Warren Marshall Collection

13575

Great Barrington, MA - $1 Original Fr. 380 The National Mahaiwe Bank Ch. # 1203
A gorgeous example which is both new to the census and almost certainly the highest grade large note extant from this western Massachusetts bank. This is a classic example of "old time" quality which our consignor's records show he obtained from Bill Donlon for $125. Sharp Extremely Fine-About Uncirculated, with wonderful color and eye appeal, a premium ace that is certain to delight its fortunate new owner.
From The John Ameen Collection

13576

Holyoke, MA - $50 1929 Ty. 1 The Park NB Ch. # 4703
Interesting to note that one quarter of the 24 small notes recorded for this institution are $50 notes. A high-grade example that will please anyone looking for a $50 National. Extremely Fine.

13577

Lawrence, MA - $5 1902 Plain Back Fr. 598 The Bay State NB Ch. # 1014
This is a desirable note from a popular state. Within the holder it appears well margined and bright. PMG About Uncirculated 55 EPQ.

13578

Oxford, MA - $5 1875 Fr. 402 The Oxford NB Ch. # 764
A very scarce bank which issued First Charters and Brown Backs only. Just six notes make up the entire census, with our records showing only one offering of any kind from here since 2000. There is a small edge tear and a tiny hole at the center, but these small defects are more than made up for by the vibrant colors and nice eye appeal possessed by this attractive example. Very Fine.

13579

Palmer, MA - $5 1882 Date Back Fr. 534 The Palmer NB Ch. # (N)2324
A very scarce type from this bank. The census shows just two $5 and one $10 Date Backs. Note the fancy layout, which is most unusual to find on any Date Back. Our consignor obtained this piece from Maine dealer Frank Trask back in October of 1981. Fine-Very Fine.
From The Thomas A. Bergin Collection

13580

Quincy, MA - $5 1902 Plain Back Fr. 598 The National Mount Wollaston Bank Ch. # 517
Pleasing original paper is complemented by a bold blue overprint. Very Fine.

13581

Southbridge, MA - $20 1882 Brown Back Fr. 494 The Southbridge NB Ch. # 934
A handful of Large Size notes are known from this Worcester County bank, though only two Brown Backs have been reported. The last appearance of a Brown Back was the other known issue, a $5, in our FUN 2001 Auction. This piece is fully margined, fully signed, and quite attractive for an original Very Fine.

13582

Springfield, MA - $1 Original Fr. 380 Agawam NB Ch. # 1055
Only one other ace has been reported from this institution. However, that piece has never been offered at public auction, giving collectors perhaps a unique opportunity to acquire an original ace. The note is solid with only a couple of minor edge splits. The seal is still bold and the signatures legible. Very Good.

13583

Springfield, MA - $10 1882 Brown Back Fr. 490 The Chapin NB Ch. # (N)2435
Although the large census from here now stands at 60 notes, only four, including this nice Very Fine, are $10 Brown Backs.

13584

Taunton, MA - $1 Original Fr. 380 The Bristol County NB Ch. # 766
The printed details are strong for the grade, though there are two decent size pieces of the note missing. Fortunately, the pieces do not include important design elements. Any serious collector should not pass this note up as it is the only ace to have surfaced at auction since 2001. Very Good.

13585

Watertown, MA - $10 1929 Ty. 2 The Union Market NB Ch. # 2108
Some handling is noted through the holder on this well margined issue. PMG Choice About Uncirculated 55.

13586

Yarmouth, MA - $10 1929 Ty. 1 The First NB Ch. # 516
A new to the census example from this sought after Cape Cod bank. Series 1929 examples are considerably scarcer from here than are large, and this is the highest grade small note we have seen from here in years. Nice Extremely Fine-About Uncirculated.

13587

Ann Arbor, MI - $5 1929 Ty. 1 The First NB & TC Ch. # 2714
This was the only bank to issue Series 1929 examples from this community. Very Good-Fine.

13588

Battle Creek, MI - $5 1902 Plain Back Fr. 607 The City NB & TC Ch. # 11852
This Series 1902 note is from the much scarcer second title of this bank. Dark signatures are found on this embossed note that has a fold just inside the top edge plus a center fold. You would be hard pressed to fine a better note in large on this bank. Extremely Fine-About Uncirculated.

13589

Bay City, MI - $5 1882 Brown Back Fr. 472 The First NB Ch. # 2853
A true wonder note which came right out of the weeds and has never before been offered to the numismatic community. The census enumerates eleven serial number 1 $5 Brown Backs from this state, three of which are called CU. It's highly unlikely that any are the equal of this superlative example, which is perfectly centered on both front and back, brilliantly colored, and displays bold pen signatures as bright as the day they were applied at the bank. Gem Crisp Uncirculated, a wonderful Michigan trophy item fit for the finest of collections.

13590

Bay City, MI - $10 1882 Brown Back Fr. 487 The Old Second NB Ch. # (M)4953
This is only the fourth public auction appearance for a note from this bank. The color on this well circulated issue is still bold and the margins on three sides are behemoth. There are some minors holes, none of which greatly affect the continuity of the design. PMG Fine 12.

13591

Bay City, MI - $10 1882 Brown Back Fr. 487 The Old Second NB Ch. # (M)4953
A very scarce Bay City bank which issued Brown Backs and Second and Third Charter Date Backs before liquidating at the expiration of its charter in 1914. Seven notes are known, all but one are Brown Backs. This $10 Brown Back is new to the census, and offered here for the first time. Pen signed Very Good+.

13592

Detroit, MI - $5 1882 Brown Back Fr. 477 The Commercial NB Ch. # (M)2591
This boldly signed Brown Back boasts full Gem margins on three sides and perfectly original paper. In our Long Beach Auction last year we sold a Superb Gem from the same serial number run for $8050. The piece offered here is as attractive though has a slightly tighter left margin. PCGS Very Choice New 64PPQ.

13593

Detroit, MI - $10 1882 Brown Back Fr. 483 The Preston NB Ch. # 3730
A very scarce Detroit bank which issued Brown Backs only before liquidating in 1902. Only a dozen pieces are known, with this one of the nicer specimens. It has been off the market for a full decade since its last auction appearance, and is a nice, evenly circulated specimen, with sharp colors, strong signatures, and plenty of old fashioned eye appeal. Nice Fine-Very Fine.

13594

Detroit, MI - $5 1902 Plain Back Fr. 605 The Merchants NB Ch. # 10600
A fully embossed beauty with bright white paper and total originality. While we are only able to trace the pedigree of this lovely note back to a 1979 Kagin sale, we strongly suspect that it comes from the Grinnell holdings, as the fancy serial number 8888 and the Detroit location (Mr. Grinnell was a resident of that city), along with the fact that the three other 8888 notes from this sheet are known add up to very compelling evidence. Choice Crisp Uncirculated.
From The Warren Marshall Collection

13595

Flint, MI - $20 1902 Plain Back Fr. 658 First NB Ch. # 10997
A very scarce large Flint example which has been graded by PMG as Fine 12. Track and Price shows only two large notes from this bank available at public sale during the past fifteen years.

13596

Grand Rapids, MI - $50 1929 Ty. 1 The National City Bank Ch. # 3293
This Very Fine+ example would serve well for type.

13597

Hancock, MI - $20 1929 Ty. 2 The National Metals Bank Ch. # 14249
A popular 14000 charter bank with a nice occupational title. Very Good.
From The Thomas A. Bergin Collection

13598

Iron Mountain, MI - $20 1929 Ty. 1 The United States NB Ch. # 11929
This strongly embossed, well margined "Forbidden Title" displays some slight staining. Very Choice Crisp Uncirculated.

13599

Ishpeming, MI - $5 1902 Plain Back Fr. 607 The Miners NB Ch. # 5668
An attractive Upper Peninsula example bearing a much collected occupational title. Pen signed Very Fine.

13600

Lake Linden, MI - $10 1902 Plain Back Fr. 626 The First NB Ch. # (M)3948
An attractive large example from this Houghton County bank. All Upper Peninsula notes are keenly sought after, and this piece is likely to prove no exception. It comes from a small town of barely 1000 people which was a major source of copper when this note was in circulation. Pen signed Fine-Very Fine.

13601

Muskegon, MI - $10 1902 Plain Back Fr. 628 The National Lumbermans Bank Ch. # 4840
This Very Fine note carries strong stamped signatures. The title harks back to the early days of the Michigan timber industry.

13602

Petoskey, MI - $5 1929 Ty. 1 The First NB Ch. # 5607
This pleasing note comes from the sole issuer in Emmet County at the very northernmost section of the Lower Peninsula. Strong embossing gives way to a tiny stain on the back. Very Fine-Extremely Fine.

13603

Blooming Prairie, MN - $10 1929 Ty. 1 The First NB Ch. # 6775
An evenly circulated example bearing a much desired town name. Fine-Very Fine.

13604

Cloquet, MN - $10 1882 Date Back Fr. 545 The First NB Ch. # (M)5405
A lovely example of this rare Minnesota type and denomination. It's a well margined Very Fine+ piece which is recorded in the Kelly census data with no record of sale. Expect this most desirable item to easily reach or even exceed...

13605

Ivanhoe, MN - $20 1902 Plain Back Fr. 650 The First NB Ch. # 6467
A very scarce bank which has just eight large (and even fewer small) notes recorded in the census. Fine-Very Fine, with the bottom margin trimmed very slightly into the design.

13606

Jackson, MN - $5 1902 Plain Back Fr. 607 The First NB Ch. # 5852
Bright paper is adorned with strong stamped signatures. The margins are even and solid, adding to the overall eye appeal. A quick look at the notes enumerated in the census reveals that this note may have a claim to be the finest known for the bank, as only one other Very Fine is listed. Very Fine.
From The Walla Walla Collection

13607

Jasper, MN - $10 1902 Date Back Fr. 616 The First NB Ch. # (M)6523
Large notes only from this very scarce bank, with the population standing at just seven pieces. This specimen is new to the census. Very Good+, with two color signatures.

13608

Mankato, MN - $10 1882 Brown Back Fr. 485 The National Citizens Bank Ch. # (M)4727
This pen signed Brown Back is the only Brown Back to have appeared at public auction since 1998. Graded PMG Fine 15, this example has nice edges and paper for the grade.

13609

Mankato, MN - $10 1902 Plain Back Fr. 628 The National Citizens Bank Ch. # (M)4727
A superior large example from this bank, with an exceptionally dark overprint contrasting with vivid purple signatures. Very Fine+.

13610

Minneapolis, MN - $20 1882 Brown Back Fr. 499 The North Western NB Ch. # (M)2006
A perfectly margined $20 Brown Back with good color, bold signatures, and plenty of eye appeal. Very Fine-Extremely Fine, a perfect type note.

13611

Minneapolis, MN - $5 1882 Date Back Fr. 533 The North Western NB Ch. # (M)2006
Stamped signatures remain intact on this note of which only four in the census of 94 large are $5 Date Backs. A small skin mark is noticed on the back at top center. Fine.
From The Walla Walla Collection

13612

Minneapolis, MN - $5 1902 Plain Back Fr. 609 The Transportation Brotherhoods NB Ch. # 12282
The only denomination issued by this scarce labor affiliated bank which, like most of its brethren, was history by 1930. Very Good.

13613

Motley, MN - $5 1902 Plain Back Fr. 598 The First NB Ch. # 7764
A tougher large note from this small one bank community. Very Good-Fine.

13614

Park Rapids, MN - $5 1902 Plain Back Fr. 607 The First NB Ch. # 5542
This institution, which lapsed into receivership in 1933, was the only bank in this locale to issue large size notes, with its Third Charter emission being limited to the $5 Plain Back. The officer signatures have faded away, but they were G.H. French and A.G. Wedge. PCGS Fine 15.

13615

Pequot, MN - $5 1902 Plain Back Fr. 606 The First NB Ch. # (M)11267
A fabulous Minnesota rarity from the only bank to issue in this Crow Wing County hamlet. Just one other note is known from here, with that piece ensconced in a major Minnesota holding for many years and never having been offered to the collecting public. As the old saying goes, "the opportunity to own a note from here is as rare as the note itself," which is certainly true in this case, as this offering may represent the only opportunity for any collector to add any example from this location for many, many years. Pen signed About Fine.

13616

Preston, MN - $20 1902 Plain Back Fr. 650 The First NB Ch. # (M)6279
The penned signatures of the Cashier and President remain on this Fillmore County issued note. There is some minor foxing and the corners are a little rounded, but the overall eye appeal is not affected dramatically. Very Fine.

13617

Proctor, MN - $5 1902 Plain Back Fr. 606 The First NB Ch. # 11125
This is one of only seven large notes in the census from this Iron Range bank, which had but $970 outstanding in 1935. Fine, with the margins trimmed in a bit.

13618

Starbuck, MN - $10 1929 Ty. 1 The First NB Ch. # 9596
With a very limited population in small size versus large, this Very Fine note with a popular title should realize in the area of...

13619

Swanville, MN - $20 1929 Ty. 1 The First NB Ch. # 10824
A just plain scarce note from this obscure Morrison County hamlet. The census shows just three large and six small examples extant, with appearances of any kind few and far between. Very Fine.
From The Walla Walla Collection

13620

Columbus, MS - $10 1902 Plain Back Fr. 632 The Columbus NB Ch. # (S)10738
While quite common in small size, large notes from here are just plain scarce, with the census standing at just eight pieces. This bright and fresh example is quite likely the nicest. Sharp Very Fine+.

13621

Greenville, MS - $10 1902 Plain Back Fr. 626 The First NB Ch. # 3765
It has long been documented that the heat and humidity prevalent in this state, along with the general poverty that forced currency to endure hard wear, produced a census where the average condition of large size notes is at the very bottom of the list for condition. This piece is a happy exception, grading a strong Fine-Very Fine with bright purple signatures.

13622

Jackson, MS - $10 1902 Plain Back Fr. 624 The Capital NB Ch. # 6646
A solid Very Fine state capital note with superior color and considerable paper body for the grade.

13623

Jackson, MS - $5 1902 Date Back Fr. 597 The State NB Ch. # (S)10463
This note first appeared in our 2004 Long Beach Sale, where it was described, "A great Mississippi rarity, as this bank barely had a chance to unpack its furniture before liquidating less than a year after it opened in 1913. Until earlier this year this bank was unreported, with both this example and a $50 Date Back surfacing within months of each other in opposite sections of the country. The $50 Date Back, in about the same grade as this piece, recently sold for $11,500, and has now passed into extremely strong hands. Pen signed About Fine." As expected, no other examples from this Hinds County bank have surfaced since this note was first offered and it's likely that could be the case for some time, if not forever.

13624

Laurel, MS - $5 1902 Plain Back Fr. 607 The Commercial NB & TC Ch. # 11898
This was the only National Bank in Mississippi to issue entirely under a trust designation, lending an impressive appearance to their highly stacked title. Large examples are not terribly common, especially in decent grade, which this piece certainly is. Nice Fine-Very Fine, with engraved bank signatures.

13625

California, MO - $1 Original Fr. 382 The Moniteau NB Ch. # 1712
A most attractive example which many would grade as a Gem. Expect this lovely pen signed example to see bidding considerably in excess of your typical Choice example. PMG Choice Uncirculated 64 EPQ.
From The Warren Marshall Collection

13626

Carrollton, MO - $10 1929 Ty. 1 The First NB Ch. # 4079
A lovely note which is far nicer than any example from here we've seen for sale in recent years. Bright Extremely Fine.

13627

Carterville, MO - $5 1902 Plain Back Fr. 601 The First NB Ch. # 4475
This was the second location for this bank, which began life in Webb City. This attractive example is far above the average for notes from this institution. Pen signed Extremely Fine.

13628

Carthage, MO - $20 1902 Plain Back Fr. 653 The Central NB Ch. # 4441
An exceptionally high grade example with bright colors and sharp pen signatures. About Uncirculated.
From The Warren Marshall Collection

13629

Caruthersville, MO - $20 1929 Ty. 2 The NB of Caruthersville Ch. # 14092
A tough to find 14000 charter example in a nice circulated grade. Very Fine.

13630

Golden City, MO - $20 1902 Plain Back Fr. 650 The First NB Ch. # 7684
Blue penned signatures are noted on this Barton County issued note. There are some pinholes and minor aberrations at the edges, none of which negatively affect the overall eye appeal.

13631

Kansas City, MO - $100 1902 Date Back Fr. 690 The First NB Ch. # (M)3456
Light stamped signatures and bright paper complement the design elements of this high denomination piece. There are some pinholes to mention, almost all of which are confined to the left side of the note. Very Fine.

13632

Saint Joseph, MO - $5 1902 Plain Back Fr. 599 The Burnes NB Ch. # (M)8021
A nice large size example from this well collected community. Fine-Very Fine.

13633

Saint Louis, MO - $10 1882 Brown Back Fr. 484 The NB of Commerce Ch. # (M)4178
Solid margins are noted on all sides of this brightly colored Brown Back. Embossing of the charter number and geographic sort letter is easily seen on back. PMG Choice Uncirculated 63.

13634

Saint Louis, MO - $10 1882 Brown Back Fr. 484 The NB of Commerce Ch. # (M)4178
The paper is unmistakably original with great color and solid margins. Very Fine-Extremely Fine.

13635

Saint Louis, MO - $10 1882 Brown Back Fr. 484 The NB of Commerce Ch. # (M)4178
Nice color and even margins are noticed on this pleasing Brown Back with a stray pinhole. Very Fine.

13636

Saint Louis, MO - $10 1882 Date Back Fr. 539 The NB of Commerce Ch. # (M)4178
A pleasing mid-grade example from this Mississippi River town issue. PMG Very Fine 25.

13637

Saint Louis, MO - $5 1882 Brown Back Fr. 477 The State NB Ch. # (M)5172
This is a nicely margined Brown Back with great color and eye appeal. It is housed in a PCGS Gem New 66PPQ holder. Notes at this grade level are seldom found and this would be an outstanding note for type.

13638

Saint Louis, MO - $5 1882 Brown Back Fr. 477 The State NB Ch. # (M)5172
A screaming Gem of a $5.00 Brown Back, with great margins, blazing colors, and evident deep original embossing. If you have been looking for just that one perfect $5.00 Brown Back for your type or state collection, your search has just ended. PCGS Gem New 66PPQ.

13639

Saint Louis, MO - $5 1902 Red Seal Fr. 587 The Mechanics-American NB Ch. # (M)7715
An apparent long-time wallet stain affects the right side of this interestingly titled Red Seal. Fine.

13640

Tarkio, MO - $10 1902 Plain Back Fr. 624 The First NB Ch. # 3079
A tougher large note from the only bank to issue in this Atchison County location. Pen signed Fine+, but with a few body holes, some larger than pinholes.

13641

Trenton, MO - $10 1902 Plain Back Fr. 631 The Trenton NB Ch. # 4933
Large notes from here are hardly rare, but they sure must be closely held, as Track and Price reports only two appearances of any large example from here since 1991. Nice Fine-Very Fine, with bold dark signatures.

13642

Butte, MT - $50 1929 Ty. 1 The First NB Ch. # 2566
Charter number 2566 was the only bank in the state to issue small size in the two highest denominations. In fact $50s and $100s were the only denominations issued by this Silver Bow County bank. This $50 grades Very Fine with an approximate 10mm bottom edge tear. In April 2006 we sold a $50 on this bank one grade higher for over $2500.

13643

Chinook, MT - $10 1929 Ty. 1 The Farmers NB Ch. # 10053
Only one large note is known from this bank, making Series 1929 examples the only collectible items from here. Few are as nice as this specimen, which grades a solid Very Fine.

13644

Dillon, MT - $5 1902 Plain Back Fr. 598 The First NB Ch. # (W)3120
This new to the census large example is one of the nicest notes from the Beaverhead County seat we've seen in recent years. Bright Very Fine, with clear signatures.
From The Walla Walla Collection

13645

Glasgow, MT - $5 1902 Plain Back Fr. 599 The First NB Ch. # 7990
The signatures are still visible on this note which does have a rebuilt corner at lower left. Always a popular state with not enough material to satisfy demand. Very Good+.

13646

Great Falls, MT - $10 1902 Plain Back Fr. 626 The First NB Ch. # 3525
Western states just never seem to have an ample supply of notes available to satisfy the growing demands of an influx of National collectors. Fine.

13647

Helena, MT - $20 1875 Fr. 437 The Merchants NB Ch. # 2732
An excessively rare Montana note which is one of just two notes known from this bank and one of just three $20 First Charters known from the entire state. This bank issued First Charters only, first Territorials, of which none are known, and then state issue examples after Montana was admitted to the Union in 1889. For many reasons, this is a key Montana example which deserves a place of honor in any Montana collection. Very Good-Fine.

13648

Helena, MT - $10 1902 Plain Back Fr. 633 The NB of Montana Ch. # 5671
Bold engraved signatures add to the eye appeal of this lightly circulated piece, which features fresh white paper and a bold blue overprint. Very Fine.

13649

Kalispell, MT - $20 1929 Ty. 1 The Conrad NB Ch. # 4803
A nice evenly circulated piece from this private name bank which bears the signature of C.J. Conrad as President.

13650

White Sulphur Springs, MT - $10 1929 Ty. 1 The First NB Ch. # 3375
In January 2002 we sold another Type 1 on this bank in a slightly lower grade for over $900. This example has nice edges and paper for the grade. Fine.

13651

Ainsworth, NE - $20 1929 Ty. 2 The NB of Ainsworth Ch. # 8992
This serial number 3 note came from the first Type 2 sheet for this denomination. The bottom edge of this natural Extremely Fine note was separated from its lower sheet mate by a straight edge. Nonetheless this note is still graded higher than all but two of the notes in the small size census. Auction appearances are also especially light for this charter number with the last one occurring in 1995.

13652

Omaha, NE - $50 1902 Date Back Fr. 668 The Omaha NB Ch. # (W)1633
The $50 Date Back has been traced for just four issuers in the state, with the majority of the census being from this issuer. This note is a solid Very Fine and would make a nice representative of its type in any collection. A minor split is confined entirely to the margin on the left side.

13653

Omaha, NE - $50 1902 Date Back Fr. 668 The Omaha NB Ch. # (W)1633
A sound, problem free $50 Date Back that would be a perfect fit to represent the Cornhusker state. Attractive PMG Choice Fine 15.

13654

Omaha, NE - $100 1902 Date Back Fr. 690 The Omaha NB Ch. # 1633
A tight cut along the top margin is the only distraction on this Omaha high denomination that also exhibits a few well done repairs. PMG Very Fine 30.

13655

Omaha, NE - $10 1902 Date Back Fr. 616 The United States NB Ch. # (W)2978
Omaha, NE - $20 1902 Date Back Fr. 642 The United States NB Ch. # 2978
The $10 PB has some scratches in the portrait. Both "Forbidden Title" notes grade Very Fine.

13656

Pilger, NE - $10 1882 Value Back Fr. 577 The Farmers NB Ch. # (W)5941
A tougher note from a popular state with only 13 large and an uncut sheet known. Rough edges and a few missing pieces are noticed. Good-Very Good.

13657

Seward, NE - $10 1929 Ty. 1 The Jones NB Ch. # 3060
While certainly not rare, notes from this private name institution are seldom offered. This is a nice one. Sharp Very Fine-Extremely Fine.

13658

Wymore, NE - $10 1929 Ty. 2 The Wymore NB Ch. # 14282
It is an extraordinary sale when both an uncut sheet and a single note from a bank which has never previously been offered at public sale become available, but that is the situation tonight. While other single examples do exist from this 14000 charter bank, all have been closely held for decades. Any estimate here is a mere guess, as every serious collector of 14000 charter notes has had this bank on their want lists forever, but it would not surprise us at all to see bidding for this attractive Very Fine-Extremely Fine specimen easily reach the level of...

13659

Wymore, NE - $20 1929 Ty. 2 The Wymore NB Ch. # 14282 Uncut Sheet
This newly discovered 14000 charter sheet is new to the census, and offered here to the collecting fraternity for the first time. It comes from a just plain rare bank which has never before been offered at public sale. Fortunately for collectors, it is a most attractive sheet as well, with one fold between the notes at the center along with a couple of light folds at the corners of the top and bottom notes. This bank has been on the want lists of virtually every Nebraska collector for many years, as well as being sought after by the many collectors of 14000 charter examples. Here is a chance to make either one or six collectors very happy. About Uncirculated.

13660

Reno, NV - $5 1929 Ty. 2 First NB Ch. # 7038
A beautifully centered example with embossing evident even through the PMG holder. PMG has assigned a grade of Gem Uncirculated 66 EPQ, and we see no reason at all here to disagree.

13661

Reno, NV - $10 1929 Ty. 1 First NB Ch. # 7038
This bank issued under two titles, with all of its 1929 emissions coming under this, the second title. This is not the usual type and denomination encountered from here, with most of the 1929 population coming from a number of $5 Type 2 sheets that were cut up some years ago. A touch of light soiling and even wear are noticed on this Fine example.

13662

Reno, NV - $10 1902 Plain Back Fr. 632 The Reno NB Ch. # 8424
There are never enough Nevada notes, particularly large size examples, to go around. This piece is new to the census, and is housed in a PMG Fine 12 holder. It is virtually identical to the raw example from here we sold in our last sale which realized $6900, and we see no reason why this PMG slabbed specimen will not see a realization in the same area.

13663

Reno, NV - $20 1929 Ty. 1 The Reno NB Ch. # 8424
While certainly not rare, notes from this state are in extraordinarily high demand, with the supply not near enough to meet the needs of the many collectors looking for Nevada items. This is an evenly circulated piece with no problems save for a small tear at the top left corner. Fine-Very Fine.

13664

Concord, NH - $5 1882 Brown Back Fr. 466 The First NB Ch. # 318
A very scarce type and denomination from this state capital bank, as the Kelly census shows just three Brown Backs from this institution, two of them fives and one ten. This pen signed example is new to that listing. About Fine, with a tiny paper pull in the top left margin.

13665

Concord, NH - $5 1929 Ty. 2 The National State Capital Bank Ch. # 758
A gorgeous example with bold embossing and excellent centering from this always in demand state capital bank. New Hampshire notes are scarce as a whole, and this high grade state capital example should prove extremely popular. PCGS Very Choice New 64PPQ.

13666

Concord, NH - $5 1929 Ty. 2 The National State Capital Bank Ch. # 758
Tonight we offer yet another opportunity to acquire a pleasing New Hampshire capital note. Lovely original surfaces can be seen beneath the holder. CGA Choice Uncirculated 64.

13667

East Jaffrey, NH - $10 1929 Ty. 2 The Monadnock NB Ch. # 1242
Pleasing original paper surfaces add to the overall eye appeal on this bright piece. Our records indicate only three Type 2s have been offered at auction in the last decade. Very Fine.

13668

Keene, NH - $10 1929 Ty. 1 The Ashuelot-Citizens NB Ch. # 946
A Very Fine note from a hotly collected state.

13669

Keene, NH - $10 1902 Plain Back Fr. 632 The Citizens NB Ch. # 2299
A modicum of light soiling doesn't distract on this Fine+ example from a most collectible locale.

13670

Laconia, NH - $10 1929 Ty. 1 The Peoples NB Ch. # 4037
This well margined and wholly original note is evenly circulated. Fine, scarce.

13671

Milford, NH - $5 1902 Plain Back Fr. 598 The Souhegan NB Ch. # (N)1070
A new piece to the census from this Hillsboro County bank and a worthy companion to the $20 offered below. Pleasing Fine-Very Fine, with clear signatures of M.G. Jewett and F.W. Sawyer.

13672

Milford, NH - $10 1902 Plain Back Fr. 624 The Souhegan NB Ch. # 1070
Solid margins and bold signatures add appeal to this wholly original issue. CGA Very Fine 20.

13673

Milford, NH - $20 1902 Plain Back Fr. 650 The Souhegan NB Ch. # (N)1070
A scarcer denomination from here, with this just the fourth reported $20 Plain Back on the bank. Fine+.

13674

Nashua, NH - $10 1902 Plain Back Fr. 631 The Second NB Ch. # (N)2240
A touch of soiling on the back is noticed on this well signed Very Fine-Extremely Fine note.

13675

Newport, NH - $10 1882 Brown Back Fr. 482 The Citizens NB Ch. # (N)3404
An attractive $10 Brown Back from this well collected location. Pen signed Very Fine.
From The Warren Marshall Collection

13676

Peterborough, NH - $5 1902 Plain Back Fr. 598 The First NB Ch. # 1179
One of a small group of high grade Third Charter examples which turned up many years ago. This piece is listed in the census as CU, but we are going to be super conservative here and label it as Choice About Uncirculated. Whatever its technical grade, it's a bright, fresh, and vividly colored specimen which is certain to please its new owner.

13677

Portsmouth, NH - $20 1902 Plain Back Fr. 660 The First NB Ch. # (N)19
Stamped signatures on this 1922 dated note from this low charter bank. Fine.

13678

Portsmouth, NH - $20 1929 Ty. 1 The New Hampshire NB Ch. # 1052
The census indicates this is the second finest known note from this Rockingham County bank, and the finest to be offered at auction in over five years. In the holder it appears fully Gem with broad margins and the all appealing Serial Number D000444A. PCGS Choice About New 58.

13679

Alpha, NJ - $5 1929 Ty. 1 The Alpha NB Ch. # 12823
This banking institution in Warren County was liquidated in early 1933 after issuing a modest number of notes. The last example we handled from this bank was a Fine example that realized over $2100. This slightly better Fine-Very Fine piece is likely to exceed that price realized in its first ever public auction appearance.

13680

Asbury Park, NJ - $5 1929 Ty. 1 The Asbury Park NB & TC Ch. # 13363
While notes from this Monmouth County resort community are hardly rare, this piece, which leads off the major New Jersey collection we are privileged to offer below, is a very scarce type and denomination from here. Extremely Fine.
From The John Ameen Collection

13681

Asbury Park, NJ - $5 1929 Ty. 2 The Asbury Park NB & TC Ch. # 13363
Bright and crackling fresh, right out of the hoard from here that turned up in the 1970's. Choice Crisp Uncirculated, with a tiny corner tip fold that affects nothing.
From The John Ameen Collection

13682

Atlantic City, NJ - $10 1902 Plain Back Fr. 626 The Second NB Ch. # 3621
A high grade large example from this avidly collected community. Very Fine, with clear purple signatures.
From The John Ameen Collection

13683

Atlantic City, NJ - $20 1929 Ty. 1 The Chelsea NB Ch. # 5884
Ample margins, dark inks and white paper are found on this $20 that is a candidate for a female first name National collection. Very Fine.

13684

Atlantic City, NJ - $20 1929 Ty. 2 The Boardwalk NB Ch. # 8800
A lovely note bearing a most popular title. Choice About Uncirculated, a gem in all respects save for one light center bend.
From The John Ameen Collection

13685

Belleville, NJ - $10 1929 Ty. 2 The First NB Ch. # 8382
There is a bit of handling present and the centering is less than perfect, but this piece is, with the sole exception of the one known serial number 1 from here, the only uncirculated example known from this bank. Crisp Uncirculated.
From The John Ameen Collection

13686

Belleville, NJ - $5 1902 Plain Back Fr. 608 Peoples NB & TC Ch. # 12019
An evenly circulated large example which is problem free for the grade. Fine, with purple signatures.
From The John Ameen Collection

13687

Belvidere, NJ - $5 1929 Ty. 2 The First NB Ch. # 13628
A very pretty note which is tied with one other example for finest known from this bank. About Uncirculated.
From The John Ameen Collection

13688

Bergenfield, NJ - $5 1902 Plain Back Fr. 606 The Bergenfield NB Ch. # 11368
This piece bears the first title used by this Bergen County institution, and is by far the finest known example bearing this nomenclature. Bright Very Fine+, a premium northern New Jersey specimen.
From The John Ameen Collection

13689

Blairstown, NJ - $20 1929 Ty. 1 The First NB Ch. # 5621
This is one of just three Type 1 $20s in the census. In January 2004 we sold a Type 1 $10 on this bank for over $1000. Included with this Very Fine note is a postcard of the bank.

13690

Blairstown, NJ - $20 1929 Ty. 1 The Peoples NB Ch. # 9833
A very tough note from by far the scarcer of Blairstown's two issuers. Just five Series 1929 notes make up the entire small census from here, a figure which includes this piece. Very Fine or better, but a bit oil soaked, probably by a previous residence in a PVC based holder.
From The John Ameen Collection

13691

Blairstown, NJ - $20 1929 Ty. 1 The Peoples NB Ch. # 9833
Compared to $5's, relatively few small size $20's were issued by this Warren County Bank, with only 164 pieces emitted. This piece is one of only five surviving small size notes. The paper is solid, and boasts the quality often seen in commercial Very Fine's. Fine.

13692

Bloomsbury, NJ - $10 1902 Plain Back Fr. 631 The Citizens NB Ch. # 10712
This institution was the second of two issuers chartered in this small Hunterdon County community, with Track and Price showing no auction offerings of any kind from here since January of 2001. Fine+++, with a touch of light soil on the back.
From The John Ameen Collection

13693

Bloomsbury, NJ - $20 1929 Ty. 1 The Citizens NB Ch. # 10712
A nice small size example to accompany the large note from here offered above. Fewer Series 1929 notes are listed in the census than are large example. Very Fine.
From The John Ameen Collection

13694

Bradley Beach, NJ - $20 1929 Ty. 1 The First NB Ch. # 10224
A great Jersey shore item from this much in demand county. With large notes from here unknown, collectors must make do with the very limited supply of Series 1929 examples, most of which have been ensconced in long term New Jersey holdings, as has this piece. It's as nice as any note we've ever seen from here, and perhaps as nice as any note in the census. Sharp Very Fine+++, certain to see some spirited bidding before the hammer falls tonight.
From The John Ameen Collection

13695

Bridgeton, NJ - $10 1902 Plain Back Fr. 624 The Cumberland NB Ch. # 1346
Pen signed Fine-Very Fine, a problem free large example from this south Jersey community.
From The John Ameen Collection

13696

Bridgeton, NJ - $50 1929 Ty. 1 The Bridgeton NB Ch. # 2999
Even wear is noted on this Serial Number 27 issue from the largest issuer in Bridgeton. Even with a total issue of over $2 million, the bank only managed to issue 120 small size $50's. Fine.

13697

Bridgeton, NJ - $10 1902 Date Back Fr. 617 The Farmers & Merchants NB Ch. # (E)9498
Large notes only from this bank, which is by far the scarcest of Bridgeton's three issuers. This piece, which is new to the census, is one of just two Date Backs recorded from here. Very Good-Fine.

13698

Camden, NJ - $5 1882 Brown Back Fr. 469 The Camden NB Ch. # 3372
A lovely $5 Brown Back from a genuinely scarce Camden bank. This piece is listed in the census as CU, which it certainly appears to be at first glance, with a neat layout, delicate pen signatures and vivid colors all competing for attention. There are a few random light spots scattered about the note, along with a trio of light folds, but the technical grade of Extremely Fine hardly does justice to the eye appeal demonstrated here. Our consignor obtained this note more than three decades ago from Bill Donlon for $75, and, while prices are ever changing, quality is not. Whatever this note realizes tonight, it likely will seem a bargain by the time the sun rises tomorrow.
From The John Ameen Collection

13699

Cape May Court House, NJ - $10 1929 Ty. 1 The First NB Ch. # 7945
This new to the market example bears one of the storied titles in Nationals, and is avidly sought after by both New Jersey and fancy name collectors. Every offering is somewhat of an event, with multiple bidders and steadily rising realizations. This specimen is an evenly circulated Fine+++ example with no problems whatever. Expect bidding to rise to well within the estimate range before the hammer falls on this lot.

13700

Clifton, NJ - $5 1902 Plain Back Fr. 608 The First NB Ch. # 11983
Fives only from this seldom seen bank, which, according to Track and Price, has seen no auction offerings in large size since 2001. Fine-Very Fine, with clear purple signatures.
From The John Ameen Collection

13701

Closter, NJ - $5 1902 Plain Back Fr. 600 Closter NB & TC Ch. # 8394
In a sale replete with major New Jersey rarities, it takes an exceptional item to truly stand out. This is one of those items. It comes from a truly scarce Bergin County bank in large size, and is the only example reported to date bearing the second title employed here, which was in use on large notes for only three years. It's also an especially attractive note, showing only the barest traces of circulation and displaying bright paper and inks along with bold pen signatures. In a market where rarity, condition and demand intersect, any estimate is but a guess, but we would not be at all surprised to see this lovely Extremely Fine-About Uncirculated example exceed our likely conservative estimate of...

13702

Collingswood, NJ - $10 1902 Plain Back Fr. 625 The Collingswood NB Ch. # (E)7983
A tougher south Jersey example from the only large size issuer here. Fine.

13703

Collingswood, NJ - $20 1929 Ty. 2 The Citizens NB Ch. # 13969
A scarcer high charter example from a tougher south Jersey bank. Nice Fine-Very Fine.

13704

Eatontown, NJ - $10 1929 Ty. 1 The First NB Ch. # 10110
A pleasing Very Fine small example from this Monmouth County issuer.
From The John Ameen Collection

13705

Elmer, NJ - $20 1902 Red Seal Fr. 639 The First NB Ch. # (E)6707
A newly discovered New Jersey rarity which is the sole known Red Seal from this elusive Salem County bank. Pen signed Fine with good color for the grade, a very significant south Jersey item likely destined for an important New Jersey collection.

13706

Englewood, NJ - $10 1929 Ty. 1 The Citizens NB & TC Ch. # 4365
An attractive example from this popular Bergen County location, with this note the first we've had to offer from here in over five years. Very Fine.
From The John Ameen Collection

13707

Fairview, NJ - $5 1902 Plain Back Fr. 609 The First NB Ch. # 12465
This was the only denomination issued from this Bergen County bank. Fine+.
From The John Ameen Collection

13708

Flemington, NJ - $20 1882 Date Back Fr. 552 The Flemington NB Ch. # (E)2331
A scarce early note from this Hunterdon County issuer. The addition of this attractive pen signed example brings the number of Date Backs known from here to four, all twenties. Nice Fine-Very Fine.
From The John Ameen Collection

13709

Freehold, NJ - $20 1929 Ty. 2 The First NB Ch. # 452
Great eye appeal, excellent margins and plenty of embossing are the characteristics desired in a note as this. We expect this CGA Gem Uncirculated 66 to realize in the area of...

13710

Freehold, NJ - $20 1929 Ty. 2 The First NB Ch. # 452
All the attributes wanted in a Gem, including solid margins, bold embossing, and original paper are all present. There is however a light center bend that prevents such a lofty grade. In 2006, as part of our Central States Signature Auction, this note realized over $2,400. Choice About Uncirculated.

13711

Glassboro, NJ - $10 1929 Ty. 1 The First NB Ch. # 3843
A lovely note from this obscure Gloucester County location, best remembered for hosting the 1967 summit conference between President Lyndon Johnson and Soviet Premier Aleksei Kosygin. The meeting had proved difficult to schedule, with Kosygin favoring a meeting in New York and Johnson, seeking to avoid that location due to the likelihood of Vietnam War protests, proposing Washington. Meeting in metropolitan Glassboro, about equidistant between the two cities, proved a compromise amenable to all, although its real distance from the centers of power in this country was akin to scheduling a Russian hosted summit in Murmansk or Irkusk. Purchasing this note would be a perfect method of memorializing this significant Cold War milestone. Sharp About Uncirculated, and as nice as any example of any type recorded from this one bank town.
From The John Ameen Collection

13712

Guttenberg, NJ- $10 1929 Ty. 1 The Liberty NB Ch. # 12806
This is one of the most celebrated errors that any National Bank Note could possess, as the third printing (the brown serial numbers and Treasury seal) was applied upside down when the sheet was inverted as it went through the printer. Any major error on a Series 1929 National is a scarce item indeed, but an error of this magnitude is just plain rare. Very Fine-Extremely Fine.

13713

Guttenberg, NJ - $20 1929 Ty. 1 The Liberty NB Ch. # 12806
A high grade Hudson County note which is as nice as any we've seen from here. Very Fine-Extremely Fine.
From The John Ameen Collection

13714

Hackettstown, NJ - $20 1875 Fr. 431 The Hackettstown NB Ch. # 1259
It is a given that whenever any well constructed old time collection is sold a number of long put away treasures will emerge. This note last saw the light of day as lot 608 of the 1985 Hickman-Oakes Memphis sale, where it realized all of $275. It's one of only twenty-two First Charter twenties (both Originals and 1875's) known from all New Jersey banks combined, and the only such example from Hackettstown. Very Good-Fine, with exceptionally bright colors for the grade, and appearing considerably nicer than the vast majority of notes in this condition.
From The John Ameen Collection

13715

Hackettstown, NJ - $10 1902 Red Seal Fr. 613 The Hackettstown NB Ch. # (E)1259
Another treat from this collection, with this the only Red Seal of any denomination reported from this Warren County community to date. Nice Fine, with bold pen signatures and great color for the grade.
From The John Ameen Collection

13716

Hamilton Square, NJ - $10 1929 Ty. 2 The First NB Ch. # 12646
Small size notes only from this extremely rare Mercer County bank, with no offerings of any kind listed in Track and Price save for the piece we sold in January of 2005 which graded Very Fine and realized $2645. Although the margins on this piece are trimmed a bit close, and there is considerable handling, this serial number 2 example is considerably superior and likely to realize even more. Extremely Fine+.
From The John Ameen Collection

13717

Hawthorne, NJ - $10 1929 Ty. 1 The First NB Ch. # 12663
A scarce Passaic County bank which issued small size notes only. This is the first example we've had to offer from this community since our May, 1991 sale. Fine.

13718

Hightstown, NJ - $20 1902 Plain Back Fr. 653 The First NB Ch. # 1737
Although this is not a truly rare bank, offerings in recent years have featured either First Charters or small size. This evenly circulated Blue Seal is a welcome change. Pen signed Fine.
From The John Ameen Collection

13719

Hope, NJ - $10 1929 Ty. 1 The First NB Ch. # 10118
A very scarce bank with both the large and small populations from here in the single digits. Very Fine.
From The John Ameen Collection

13720

Hope, NJ - $20 1929 Ty. 1 The First NB Ch. # 10118
This two-fold About Uncirculated example is pleasingly original and far and away the finest known small size note known from this one bank town.

13721

Hopewell, NJ - $5 1902 Plain Back Fr. 600 The Hopewell NB Ch. # 4254
A very scarce bank in large, with the census standing at just seven such notes, most all of which have been closely held for many years. Track and Price shows just two large size offerings at public sale in the past two decades, with this the first large example from here we've had to offer since the 1970's. Very Good-Fine, with clear signatures.

13722

Irvington, NJ - $10 1902 Plain Back Fr. 625 The Irvington NB Ch. # 7981
A tougher Essex County bank, with this the only issuer in town. Nice Fine-Very Fine, trimmed a bit close at the bottom right end.
From The John Ameen Collection

13723

Jersey City, NJ - $10 1902 Red Seal Fr. 613 The First NB Ch. # (E)374
This new to the census Red Seal is one of just a handful of this type known from this otherwise available Jersey City bank. Nice Fine, with good signatures.

13724

Jersey City, NJ - $10 1902 Plain Back Fr. 635 Bergen NB Ch. # 12255
One of the nicer notes recorded bearing this nomenclature, the first used by this bank. We've never been certain why the bank elected to use this title, considering that Jersey City is situated in Hudson County, not Bergen County, although perhaps the unsavory reputation of Hudson County measured against the bucolic atmosphere of 1920's Bergen County influenced the bank's title choice. Very Fine.
From The John Ameen Collection

13725

Keyport, NJ - $10 1929 Ty. 1 The Peoples NB Ch. # 4147
A very scarce Monmouth County bank with only two large and nine small notes reported from here. This example is high grade but has a small repair in the bottom margin. Very Fine in appearance, but with the aforementioned repair.
From The John Ameen Collection

13726

Long Branch, NJ - $5 1882 Brown Back Fr. 471 The First NB Ch. # 4138
In a sale that is brimming with New Jersey rarities, this newly discovered example stands with the best of them. It comes from a bank which issued Brown Backs, Second Charter Date Backs, and Third Charter Date Backs only before liquidating in April of 1916. Just two examples from here are listed in the Kelly census, one grading Good and the other Very Good. This evening's example is light years better than either, with huge margins, bold pen signatures, and great color and eye appeal. It has been almost exactly a quarter century to the very month since the opportunity to own a note from this avidly sought after Monmouth County issuer arose in the celebrated Saffin sale, and it is appropriate that it should again occur in tonight's wonderful sale of New Jersey Nationals. Very Fine+, a true New Jersey trophy item.

13727

Manasquan, NJ - $20 1929 Ty. 2 Manasquan NB Ch. # 9213
A nice Type 2 example from this much in demand Jersey shore community. Bright Very Fine-Extremely Fine.
From The John Ameen Collection

13728

Mays Landing, NJ - $10 1929 Ty. 1 The First NB Ch. # 8582
To date this is the fifth small size note to be reported extant from this one bank town. Any serious New Jersey collector must not pass over this deeply embossed About Uncirculated issue as it is only the fourth piece to have ever been offered at public auction. We sold a Fine-Very Fine example in our last sale, which realized $3737.50, and another piece appeared in 2000 and was sold again in 2003. One other note was offered by Hickman-Oakes in 1984 and has not been seen since. Overall, the eye appeal of this note is excellent with bright paper and ideally even margins.

13729

Medford, NJ - $10 1882 Brown Back Fr. 481 The Burlington County NB Ch. # 1191
This becomes only the second $10 Brown Back from here with over 70% of the population being 1902 Third Charter issues. Not enough notes to go around for collectors of this state. Complete with signatures still present despite some staining. Very Good.

13730

Merchantville, NJ - $5 1929 Ty. 1 Merchantville NB & TC Ch. # 8323
An elusive note from a bank which has realized over $1000 in every recent auction appearance. Nice Fine or a bit better.
From The John Ameen Collection

13731

Minotola, NJ - $10 1929 Ty. 1 The First NB Ch. # 10440
An extremely scarce note from the only bank to issue in this Atlantic County hamlet. Our friends at Track and Price have recorded only two appearances of any kind from this institution since 1988, with this newly discovered example as nice as any in the census. Pleasing Very Fine.
From The John Ameen Collection

13732

Montclair, NJ - $20 1929 Ty. 1 The Peoples NB Ch. # 12675
This was the last of Montclair's four banks to receive its charter, and remains the scarcest of the group. It issued Series 1929 examples only, with the census standing at just six pieces. All save one, which is listed only by number in Kelly's compilation, grade Fine or lower. This example is at least as nice, and perhaps superior to any. Fine.

13733

Netcong, NJ - $20 1902 Plain Back Fr. 650 The Citizens NB Ch. # 6692
A tough Morris County note from a bank which is seldom available in large size. We note no auction offerings of a large example from here for over five years. Pen signed About Fine.
From The John Ameen Collection

13734

Newark, NJ - $2 Original Fr. 387 The First NB Ch. # 52
While the New Jersey notes we offer this evening amount to a fine collection, the Newark notes offered below are truly extraordinary, and constitute the true heart of this collection. Our consignor long resided in Newark, and devoted many years to searching for the finest and most significant items from his home town, many of which were obtained privately and are offered here for the first time to the numismatic community. The range of types represented here and the consistent high grades of the notes offered below would literally be impossible to reproduce today at any cost, and it is with great pride we start with this lovely Lazy Deuce, which is both new to the census and the highest grade Lazy Two known from Newark. Combining great color, signatures and eye appeal, it is flawless for the grade and as nice or nicer than any of the eight reported examples from this low charter bank, which issued First Charter specimens only before closing in 1880. Very Fine-Extremely Fine, a great New Jersey item worth whatever it realizes this evening.
From The John Ameen Collection

13735

Newark, NJ - $20 Original Fr. 427 The Essex County NB Ch. # 1217
This new to the census piece is an extremely rare type from New Jersey, where the Kelly census lists just six such notes from all banks in New Jersey combined. It's one of only four First Charter examples of all denominations known from this scarce bank, and the only $20. Very Good, with a decent appearance for the grade, a significant New Jersey rarity likely worth...
From The John Ameen Collection

13736

Newark, NJ - $10 1902 Date Back Fr. 616 The Essex County NB Ch. # (E)1217
The next to last type issued by this bank, which liquidated on the last day of 1917. Bright Very Fine, with a few pinholes more than offset by clear signatures and bright inks.
From The John Ameen Collection

13737

Newark, NJ - $1 Original Fr. 380 The Newark City NB Ch. # 1220
A very scarce Newark bank which issued First Charters and Brown Backs only before closing in 1902. This is one of only two aces reported from here, and a piece that has been off the market since our consignor obtained it for the princely sum of $60 three decades ago. Nice Fine.
From The John Ameen Collection

13738

Newark, NJ - $5 1875 Fr. 401 The Newark City NB Ch. # 1220
Not content to have one First Charter from here, this collection offers up a second example, this an 1875 $5. The Kelly census shows just five such examples from all of Newark's issuing banks, with this piece the sole example from this issuer. Fine, with good color for the grade.
From The John Ameen Collection

13739

Newark, NJ - $10 1875 Fr. 416 The Mechanics NB Ch. # 1251
This note comes from one of this city's scarcest issuers, with this bank entering into receivership in 1881 after emitting First Charter notes only. This is the only $10 known from here, and one only a literal handful of FCP tens known from all Newark banks combined. Attractive Fine-Very Fine, one of this collection's most significant Newark items.
From The John Ameen Collection

13740

Newark, NJ - $100 1882 Brown Back Fr. 521 The National Newark Banking Company Ch. # 1316
Another show-stopper of a note, with this $100 Brown Back the only known example of its type from Newark and one of just four $100 Brown Backs recorded from all of New Jersey's banks combined. It has been off the market for almost thirty years following its purchase for $750 by our consignor, with this offering marking the first opportunity for any collector to add a New Jersey note of this type to his holdings since the Saffin sale back in 1982. Fine+, with bold signatures and good color, a great item worthy of the finest of collections.
From The John Ameen Collection

13741

Newark, NJ - $10 1902 Plain Back Fr. 624 The National State Bank Ch. # 1452
While not a rare Newark issuer, examples in this state of preservation are virtually impossible to find, with this piece and one First Charter five the only notes in the Kelly census listed in CU condition. Lovely Choice Crisp Uncirculated, with bright white paper, vivid inks, and strong signatures.
From The John Ameen Collection

13742

Newark, NJ - $5 1929 Ty. 2 The National State Bank Ch. # 1452
A high grade piece which is one of only two Type 2 fives from here listed in the Kelly census. Extremely Fine+++.
From The John Ameen Collection

13743

Newark, NJ - $5 1882 Brown Back Fr. 471 The Merchants NB Ch. # (E)1818
A nice grade $5 Brown Back from one of this city's more common issuers. Very Fine-Extremely Fine.
From The John Ameen Collection

13744

Newark, NJ - $5 1882 Date Back Fr. 532 The Merchants NB Ch. # (E)1818
A well margined example of this better New Jersey type. Extremely Fine, new in appearance until closely examined.
From The John Ameen Collection

13745

Newark, NJ - $5 1875 Fr. 401 The Manufacturers NB Ch. # 2040
A rare type and denomination from this city, and a beautiful note as well. Our consignor paid just $100 for this First Charter example thirty five years ago, and certainly got his money's worth. Extremely Fine.
From The John Ameen Collection

13746

Newark, NJ - $20 1875 Fr. 431 The Manufacturers NB Ch. # 2040
Another rare New Jersey type, with this piece making its first appearance at public sale in thirty years. There are a few pinholes and one small body hole at the title, but the colors and overall appearance, especially on the front, are those of a considerably higher grade example. Fine-Very Fine, a type and denomination which has virtually disappeared from today's marketplace.
From The John Ameen Collection

13747

Newark, NJ - $5 1882 Brown Back Fr. 472 The Manufacturers NB Ch. # (E)2040
Our consignor clearly had an affinity for nice early notes from this bank as evidenced by this pretty $5 Brown Back, which appears new at first glance. Extremely Fine, a very high quality example.
From The John Ameen Collection

13748

Newark, NJ - $5 1882 Brown Back Fr. 472 The Manufacturers NB Ch. # (E)2040
This $5 Brown Back is one of the very few duplicates, with this just a somewhat lower grade, albeit still attractive, sibling of the note above. Fine, with strong signatures.
From The John Ameen Collection

13749

Newark, NJ - $10 1882 Brown Back Fr. 485 The Manufacturers NB Ch. # (E)2040
Well circulated but with good color for the grade. Very Good-Fine.
From The John Ameen Collection

13750

Newark, NJ - $10 1882 Date Back Fr. 540 The Manufacturers NB Ch. # (E)2040
A bright Second Charter Date Back, but with a small ink stain in the bottom margin. Fine-Very Fine.
From The John Ameen Collection

13751

Newark, NJ - $5 1882 Brown Back Fr. 477 Union NB Ch. # (E)2045
A high grade $5 Brown Back bearing this bank's second title. Nice Very Fine.
From The John Ameen Collection

13752

Newark, NJ - $5 1882 Brown Back Fr. 477 Union NB Ch. # (E)2045
A duplicate to the note above, and just a bit less nice. Fine+.
From The John Ameen Collection

13753

Newark, NJ - $10 1882 Brown Back Fr. 485 The German NB Ch. # 2045
An exceptionally rare Newark note which traces its pedigree to the December, 1983 Hickman-Oakes sale, where it was lot 192. In that sale John noted that he knew of only one other note with this title. Interestingly, in the quarter century that followed just two other notes with this title have surfaced, both First Charters, and, like the one other reported First Charter from here, appallingly low grade. This piece, available for the first time in nearly twenty five years, is a happy exception, grading Fine-Very Fine with good color and strong pen signatures. Expect some serious competition before the hammer falls on this lot tonight.
From The John Ameen Collection

13754

Newark, NJ - $100 1882 Date Back Fr. 571 Union NB Ch. # (E)2045
A marvelous note which is unique for type from any New Jersey bank. It was obtained privately by our consignor for $450 in the more innocent era of the early 1970's, when dealers and collectors were just discovering the metrics of differing bank rarities but knew little or nothing about type rarity within any given state. Thirty years later, we now have, courtesy of John Hickman and Don Kelly, along with many others, reliable state censuses which allow collectors to properly evaluate the relative rarity of each type and denomination as well as the rarity of each bank. Three decades later, this $100 1882 Date Back from Newark remains the only $100 Date Back extant from the entire state, meaning that only one collector of this state's notes has the chance to own a complete type set of all of New Jersey's National issues. Tonight will decide who that collector will be. Very Fine.
From The John Ameen Collection

13755

Newark, NJ - $5 1902 Date Back Fr. 594 Union NB Ch. # (E)2045
A high grade piece which was obtained by our consignor as lot 177 in the April, 1983 Hickman-Oakes sale. Extremely Fine-About Uncirculated.
From The John Ameen Collection

13756

Newark, NJ - $5 1882 Brown Back Fr. 472 The North Ward NB Ch. # (E)2083
A lovely $5 Brown Back which is tied with one other note for "Finest Known" in the census from here. Extremely Fine-About Uncirculated, a premium example with loads of eye appeal.
From The John Ameen Collection

13757

Newark, NJ - $10 1882 Date Back Fr. 540 The North Ward NB Ch. # (E)2083
Beautifully margined and exceptionally bright, a high end specimen right up there with the nicest notes known from this neighborhood bank. Extremely Fine.
From The John Ameen Collection

13758

Newark, NJ - $20 1902 Plain Back Fr. 652 The American NB Ch. # (E)9605
Large notes only from this bank. This was the first bank chartered in New Jersey's largest city since the North Ward NB received its charter in 1873, a span of over 36 years. Fine.
From The John Ameen Collection

13759

Newark, NJ - $5 1902 Date Back Fr. 590 The Broad & Market NB Ch. # (E)9912
The first title used by this institution, which grew into one of New Jersey's largest banks. This is the only known Date Back extant from here. Sharp Very Fine, with bold pen signatures.
From The John Ameen Collection

13760

Newark, NJ - $20 1902 Plain Back Fr. 653 The Broad & Market NB & TC Ch. # 9912
The second title used here, and the most easily available. Fine-Very Fine.
From The John Ameen Collection

13761

Newark, NJ - $5 1902 Plain Back Fr. 601 New Jersey NB & TC Ch. # 9912
The last and by far the scarcest nomenclature used on large notes by this bank. Just six examples are known, no surprise considering that large notes were issued with this title for less than one year. Extremely Fine-About Uncirculated, with engraved signatures and neat low serial number 505.
From The John Ameen Collection

13762

Newark, NJ - $50 1929 Ty. 1 New Jersey NB & TC Ch. # 9912
A tougher high denomination example which is one of only five such pieces listed in the new Kelly census. Fine-Very Fine.
From The John Ameen Collection

13763

Newark, NJ - $10 1902 Plain Back Fr. 635 Lincoln NB Ch. # 12570
Bright Extremely Fine with engraved signatures of F. Randolph Dunn and Franklin W. Fort. Mr. Fort served three terms in the U.S. House of Representatives from 1925 through 1931.
From The John Ameen Collection

13764

Newark, NJ - $5 1929 Ty. 2 Union NB Ch. # 12771
This union affiliated bank was the last National Bank chartered in Newark prior to 1935. Unlike most of its labor organized brethren, it survived the Depression, although it never became large enough to count in New Jersey banking circles. Fine.
From The John Ameen Collection

13765

Newton, NJ - $20 1902 Plain Back Fr. 650 The Sussex & Merchants NB Ch. # 925
This example bears the second title used here, which appeared on large notes for only four years. Very Good-Fine.
From The John Ameen Collection

13766

Palmyra, NJ - $10 1902 Plain Back Fr. 632 The Palmyra NB Ch. # 11793
A genuinely rare note which is one of three large examples known from this Burlington County bank. This was the only bank in Palmyra to issue, and, with a miniscule $390 outstanding from here in large, it's highly unlikely that many more pieces await discovery. Pen signed Very Good-Fine, a solid note for the grade.

13767

Passaic, NJ - $10 1882 Brown Back Fr. 485 The Passaic NB Ch. # (E)3572
Large notes only from this rare Passaic bank, with this example one of only two Brown Backs recorded in the census and as nice or nicer than any other reported note of any type. Pen signed Fine-Very Fine.
From The John Ameen Collection

13768

Paterson, NJ - $10 1882 Brown Back Fr. 479 The First NB Ch. # 329
While notes from this bank are quite common in general, early examples from here are another matter entirely, with the Kelly census revealing only one First Charter and two Brown Backs. This new to the census Brown Back is higher grade than any of the previously reported pieces, and, after reposing in our consignor's collection for almost thirty years, offers this state's collectors a rare opportunity to return home with a real prize from this bank. Extremely Fine-About Uncirculated.
From The John Ameen Collection

13769

Paterson, NJ - $50 1929 Ty. 1 The Paterson NB Ch. # 4072
A scarce high denomination example from here, and as nice or nicer than any such note we've seen or heard of. About Uncirculated.
From The John Ameen Collection

13770

Paulsboro, NJ - $5 1929 Ty. 1 The First NB Ch. # 5981
This is the first of a well matched denomination set of Serial Number One issues from this Gloucester County Bank. Each note is previously unreported and to date, they are the lowest serial numbered issues known and all three represent the finest examples of small size notes available from this bank. This piece is a boldly printed note with a few folds that likely occurred when a bank employee stored the note in their billfold for show and tell. Very Fine-Extremely Fine.

13771

Paulsboro, NJ - $10 1929 Ty. 1 The First NB Ch. # 5981
This is the second note in this denomination set of Serial Number One notes and is by far the finest. Deep embossing of the overprint is noted and a lone center fold separates it from and uncirculated grade. There are a couple of minor corner folds that fail to touch the design. About Uncirculated.

13772

Paulsboro, NJ - $20 1929 Ty. 1 The First NB Ch. # 5981
The signatures of W.H. Flowers and B.G. Paul adorn this note as well as the two preceding Serial Number One issues. Fold counters would call this note a Very Fine, though all of the folds are clustered together. Moreover, the paper is ideally original and the embossing bold. Very Fine-Extremely Fine.

13773

Paulsboro, NJ - $20 1929 Ty. 2 The First NB & TC Ch. # 5981
This piece is one of only three Type 2 twenties reported from this one bank south Jersey community. Fine.
From The John Ameen Collection

13774

Pennington, NJ - $5 1902 Plain Back Fr. 607 The First NB Ch. # 5718
A decent circulated example from a scarce Mercer County bank. The census in large size from this one bank location stands at just six pieces, including this specimen. Unfortunately, the signatures here have been added or re-drawn, a desecration which alas has become the hallmark of an east coast dealer who in recent years has virtually single handedly ruined hundreds of National Bank Notes with crude washings, poorly executed "improvements," or added signatures which in many cases bear no relationship to the names of the original signers. About Fine.

13775

Pitman, NJ - $10 1929 Ty. 2 Pitman NB & TC Ch. # 8500
A high grade small example from this Gloucester County bank. Extremely Fine.
From The John Ameen Collection

13776

Plainfield, NJ - $5 1882 Date Back Fr. 534 The City NB Ch. # (E)2243
Well circulated but problem free for the grade. Very Good-Fine, ex Hickman-Oakes April 1983 sale, where it was lot 186.
From The John Ameen Collection

13777

Plainfield, NJ - $5 1929 Ty. 1 The First NB Ch. # 13629
An attractive serial number 1 example from a sheet that was cut up almost thirty years ago. Choice About Uncirculated, with one miniscule spot that is barely worthy of mention and cited only for total accuracy in description.
From The John Ameen Collection

13778

Pleasantville, NJ - $5 1929 Ty. 1 The Pleasantville NB Ch. # 12510
An attractive small example from by far the scarcer of Pleasantville's two issuers. Very Fine, with some claim to being the highest grade Series 1929 note extant from here.
From The John Ameen Collection

13779

Princeton, NJ - $5 1902 Plain Back Fr. 603 The First NB Ch. # 4872
A decent problem free example from this sought after location. Bright Fine-Very Fine, and bearing the scarce Napier-Thompson Treasury signatures as a bonus.
From The Thomas A. Bergin Collection

13780

Princeton, NJ - $20 1929 Ty. 1 The First NB Ch. # 4872
Well margined, as fresh as the day it was printed, and hugely embossed, a real peach of a note. Gem Crisp Uncirculated.
From The Thomas A. Bergin Collection

13781

Rahway, NJ - $5 1902 Plain Back Fr. 609 The Citizens NB Ch. # 12828
The last of Rahway's four issuing banks to receive its charter, and from a location which is best known for its maximum security prison. This is the nicest note we can recall seeing from here in many years. Sharp Very Fine-Extremely Fine.
From The John Ameen Collection

13782

Red Bank, NJ - $10 1902 Plain Back Fr. 631 The Second NB Ch. # (E)2257
Just one $10 Plain Back is shown in Track & Price records for this institution which issued large under two titles. Light soiling does not distract from this well margined example with its signatures still legible. CGA Fine 15.

13783

Red Bank, NJ - $5 1902 Plain Back Fr. 606 The Broad Street NB Ch. # (E)11553
A very scarce Monmouth County bank which issued large notes only. This well circulated but intact Very Good example comes to us having been obtained by our consignor in the April, 1983 Hickman-Oakes sale, where it was lot 188.
From The John Ameen Collection

13784

Somerville, NJ - $5 Original Fr. 394 The First NB Ch. # 395
A nice early example from this by no means common Somerville bank, which issued large notes only. Pleasing Fine-Very Fine, an unusual opportunity to obtain an example of this better New Jersey type.
From The John Ameen Collection

13785

Swedesboro, NJ - $20 1929 Ty. 1 The Swedesboro NB Ch. # 2923
An attractive and new to the census note that is almost certainly the finest Series 1929 example known from this one bank Gloucester County location. Extremely Fine-About Uncirculated.
From The John Ameen Collection

13786

Toms River, NJ - $20 1902 Plain Back Fr. 659 The First NB Ch. # 2509
Bold stamped signatures are noted on this moderately circulated issue. The paper is solid and the overprint remains bright. Very Fine.

13787

Trenton, NJ - $20 1882 Brown Back Fr. 493 The First NB Ch. # 281
A high grade $20 Brown Back from the first bank chartered in New Jersey's state capital. Bright Very Fine-Extremely Fine, with nice pen signatures.
From The John Ameen Collection

13788

Trenton, NJ - $20 1902 Red Seal Fr. 639 The First NB Ch. # (E)281
This long off the market example is one of only five Red Seals reported from Trenton, and the only $20. Fine, with good color for the grade.
From The John Ameen Collection

13789

Trenton, NJ - $5 1902 Red Seal Fr. 587 The Mechanics NB Ch. # (E)1327
Another unexpected treasure from this great old time collection, with this new to the numismatic community example the only Red Seal known to exist from this state capital institution. Nice Fine++, a note certain to delight its fortunate new owner.
From The John Ameen Collection

13790

Trenton, NJ - $10 1929 Ty. 2 The Prospect NB Ch. # 12949
Despite receiving its charter in 1926, this bank chose to issue Type 2 Series 1929 examples only. Just six pieces are known, making it the state capital's toughest issuer to find. This is an attractive specimen which is certain to please. Very Fine.

13791

Trenton, NJ - $5 1929 Ty. 2 The Security NB Ch. # 13039 Uncut Sheet
This is the only uncut sheet known from this scarce Trenton bank, which issued $5 Type 1 and Type 2 Series 1929 examples only. It's also the very last sheet sent to the bank. Interestingly, the only known number 1 note from this bank (the A1A example) sold last year at auction after being discovered when it was received as a tip in a Philadelphia hair salon. The last single note from here we sold, back in 2004, graded Fine and brought $747.50, indicating just how elusive notes from this issuer truly are. The top five notes are Uncirculated, save for one very light bend through the center of each, the bottom note displays a couple of minor folds, and the sheet is folded between each note. About Uncirculated, a rare and interesting item certain to see some spirited bidding.
From The John Ameen Collection

13792

Union City, NJ - $20 1902 Plain Back Fr. 652 The First NB Ch. # 9544
An attractive large example bearing the second title used here. Pleasing Fine-Very Fine.
From The John Ameen Collection

13793

Vineland, NJ - $50 1902 Plain Back Fr. 675 The Vineland NB Ch. # 2918
This is a just plain rare note from a just plain rare bank. The census shows just six notes known from this large only bank, with this the sole high denomination example. While 28 Plain Back fifties are reported from New Jersey, all but three of that number come from Camden and Newark. The only previous public offering of this piece came in a 2003 New York auction, when it realized $4312.50. Expect it to bring more this evening, likely considerably more. Fine, with a small edge split that affects nothing.

13794

Washington, NJ - $10 1882 Brown Back Fr. 480 The First NB Ch. # 860
This is one of only a handful of early examples known from this Warren County bank. Fortunately for this generation of collectors, it's a nice one, with good color and sharp pen signatures. Our consignor purchased it for $295 two decades ago, reminding us of a different time when notes were cheap and currency dealers poor. Fine-Very Fine.
From The John Ameen Collection

13795

West New York, NJ - $20 1902 Plain Back Fr. 660 The First NB Ch. # 12064
A scarce bank in large size, and one which comes with a neat triple decker title as well. Fine-Very Fine.
From The John Ameen Collection

13796

Westville, NJ - $20 1929 Ty. 1 The First NB Ch. # 10430
A great note from one of the smallest banks in the state. This institution, the only issuer in this tiny Gloucester County community, was chartered after the capital requirement to organize a National Bank was lowered to $6250, and limped along at this figure throughout the note issuing period. Only a miniscule number of large notes were issued, and its Series 1929 emission was even more skimpy. The census shows just two large and one small example reported to date, with the only public sale of any kind coming when we sold a low grade large example for almost $9000 two years ago. Nice Fine++, a key item certain to see some spirited competition amongst this state's many active collectors.

13797

Westwood, NJ - $10 1902 Plain Back Fr. 626 The First NB Ch. # (E)8777
Although small size notes are often available from this Bergen County community, this is a very scarce bank in large size, with the census showing just eight such examples, including this long off the market piece. Most all have been ensconced in long term holdings, as Track and Price reports no auction appearances of any large Westwood note since the early 1990's. Fine.
From The John Ameen Collection

13798

Woodbine, NJ - $10 1929 Ty. 2 The Woodbine NB Ch. # 12977
Small notes only from this Cape May County bank. Crisp Uncirculated.
From The John Ameen Collection

13799

Woodbury, NJ - $10 1902 Plain Back Fr. 624 The First NB & TC Ch. # 1199
The second title used here, which can be found only on large notes from this bank issued during the final four years of production. Just six examples are listed in the census, with this one of that number. Very Good+, ex Hickman-Oakes April, 1983 sale, lot 193.
From The John Ameen Collection

13800

Woodbury, NJ - $20 1902 Plain Back Fr. 650 The First NB Ch. # (E)1199
This note bears the first title used by this scarcer Gloucester County bank. Fine+.
From The John Ameen Collection

13801

Woodbury, NJ - $20 1929 Ty. 1 The First NB & TC Ch. # 1199
A nice Series 1929 example to complete this Woodbury offering. Fine+++.
From The John Ameen Collection

13802

Woodstown, NJ - $20 1902 Plain Back Fr. 650 The First NB Ch. # 399
While not rare, large notes from this Salem County bank are seldom offered. This problem free specimen is certain to please. Very Fine, with clear signatures.
From The John Ameen Collection

13803

Albuquerque, NM - $5 1882 Value Back Fr. 575a The First NB Ch. # (W)2614
A rare and undervalued type and denomination from New Mexico, with the total population from all banks combined standing at just eleven pieces, eight of which are from Albuquerque. All are low grade, with this example as nice or nicer than any of the others reported to date. Fine, with good color and margins for this issue.

13804

Albuquerque, NM - $20 1902 Red Seal Fr. 639 The State NB Ch. # (W)7186
Well circulated and worn, but one of only five $20 Red Seals known from the entire state, all of which, of course, are Territorial examples. This piece has been off the market since we sold it back in our January, 1995 Florida auction. Very Good, and likely to be an affordable Territorial example, with bidding likely ending in the vicinity of...

13805

Albuquerque, NM - $5 1902 Plain Back Fr. 606 The Citizens NB Ch. # (W)11442
This is an exceedingly scarce bank with only about a half dozen notes known. Though heavily toned, the note faces up well. There are some splits at the folds and two repaired corners, but all of the restorations were professionally executed. Fine.

13806

Belen, NM - $20 1929 Ty. 1 The First NB Ch. # 6597
Of all the denominations and types issued in small size for this bank, the Type 1 $20 has by far the smallest population in the census. This $20 is a welcome newcomer to that exclusive club, which now numbers just five. Fine-Very Fine.

13807

Clayton, NM - $20 1882 Brown Back Fr. 504 The First NB Ch. # (W)5713
A spectacular Territorial note which is right up there with the nicest Territorials known from New Mexico. It's one of just four Territorials reported from Clayton, and the highest grade by a huge margin. The census lists this lovely Brown Back as Uncirculated, which it certainly appears to be at first glance, but close examination discloses just the barest traces of circulation. This is truly a trophy Territorial example, easily as nice or nicer than the far more common Raton Territorial Brown Back we sold earlier this year which realized $40,250. Extremely Fine-About Uncirculated, a note fit for the very finest of collections.

13808

Gallup, NM - $5 1902 Plain Back Fr. 607 The First NB Ch. # 11900
This piece traces its pedigree back to the J.L. Irish collection sale in August of 1997, where it was lot 625. It's an attractive example which is one of the very few high grade large notes known from here. We sold it back in September of 2006, when it realized $2760. It remains the nicest large note from this community offered at public sale during the past decade, and, in an even stronger market today, will almost certainly exceed that figure tonight. Very Fine+.

13809

Hagerman, NM - $10 1902 Plain Back Fr. 628 The Hagerman NB Ch. # 7503
This New Mexico rarity's pedigree can be traced back to the Burnworth Collection sale in June of 1995. It is one of only six non-Territorial examples known from this tiny one bank community, and is just a touch nicer than the example from here that we sold for $9200 back in January of 2006. Very Fine-Extremely Fine.

13810

Portales, NM - $10 1902 Plain Back Fr. 634 The First NB Ch. # 6187
Small size examples from here are not terribly scarce, but large notes from this one bank community are extremely hard to obtain, with the census standing at just one Territorial and six state issue specimens. This piece is the finest we have seen, grading a sharp Very Fine, with the tiny bit of soil on the back more than offset by the brightness of the front along with the clear blue officers' signatures. When this note first appeared in our 2004 FUN Signature Auction, it realized $10,350.

13811

Raton, NM - $10 1902 Red Seal Fr. 614 The Raton NB Ch. # (W)8120
This is a truly rare bank which lasted only five years and issued Territorial Red Seals and Date Backs only before liquidating in 1911. Just three examples are known (a figure which has not changed in two decades), two Red Seals and one Blue Seal. One Red Seal is offered here, and we sold the other, grading Fine, in September of 2006 for $19,550. This piece has been off the market since February of 1997, when it was offered as part of the Everson collection. The cataloguer there noted "This [note] was supposed to have a 1/2" tear, which is gone, though I don't know where." Unfortunately for the theory of vanishing tears, it's still here, along with a couple of other splits, all quite professionally repaired and barely visible unless the note is closely inspected. The color and signatures are bold and the note is free of any other distractions worthy of mention. Fine, a worthy Territorial note likely to reach or exceed...

13812

Roswell, NM - $20 1902 Plain Back Fr. 658 The First NB Ch. # (W)5220
Chartered before the turn of the 20th century, this former Territorial bank issued large size notes from both the Second and Third Charter periods. Offered here is a clean Fine which faces up more like a VF. A neat repeating serial number is also noticed.

13813

Albany, NY - $5 1902 Plain Back Fr. 598 The National Commercial Bank & TC Ch. # 1301
A high grade example bearing the second title used here. Extremely Fine, with the appearance of an even higher grade piece.
From The Thomas A. Bergin Collection

13814

Albion, NY - $20 1902 Plain Back Fr. 658 The Citizens NB Ch. # 4998
An attractive example from this Orleans County community leads off the Thomas A. Bergin New York Collection. Tom obtained this bright $20 note from a 1981 Hickman & Oakes sale. Very Fine.
From The Thomas A. Bergin Collection

13815

Allegany, NY - $10 1902 Plain Back Fr. 624 The First NB Ch. # 7009
With just $970 outstanding in large notes in 1935, it figures that such examples would be difficult to obtain, and indeed they are. This evenly circulated specimen was last on the market in a 1981 Hickman-Oakes sale. Pleasing Fine+++.
From The Thomas A. Bergin Collection

13816

Amsterdam, NY - $20 1902 Plain Back Fr. 650 The Farmers NB Ch. # (E)1335
Despite a substantial output spanning the entire National Bank Note issuing period, examples from this Montgomery County bank are seldom seen, with Track and Price showing five years since the last auction offering of any large note from here. Tom obtained this piece from Kevin Foley back in 1979. Fine, with signatures of James E. Voorhees and James Voorhees.
From The Thomas A. Bergin Collection

13817

Athens, NY - $10 1902 Plain Back Fr. 632 The Athens NB Ch. # 10856
An extremely rare Greene County bank in large size, with this one of just five examples listed in the census. It ranks as the nicest note, large or small, in that listing, and came to Tom Bergin from fellow New York collector Bob Moon some fifteen years ago. Extremely Fine.
From The Thomas A. Bergin Collection

13818

Ballston Spa, NY - $10 1902 Plain Back Fr. 624 The Ballston Spa NB Ch. # (E)1253
A decent large example from this well collected location. Fine, with clear signatures.
From The Thomas A. Bergin Collection

13819

Bath, NY - $10 1902 Date Back Fr. 620 The Bath NB Ch. # (E)10235
A lovely Date Back from this Steuben County issuer which Tom obtained from this cataloguer twenty seven years ago. Bright Very Fine-Extremely Fine, with sharp two color pen signatures.
From The Thomas A. Bergin Collection

13820

Binghamton, NY - $5 1902 Red Seal Fr. 587 The First NB Ch. # (E)202
A lovely example from this well collected Broome County community. It was one of the last notes that Tom obtained, coming from our Memphis 1994 sale, where it realized all of $209. (Yes, we did describe it as a Red Seal.) Thirteen years later, it still ranks as the only reported $5 Red Seal from this bank. Fine-Very Fine, with good color and body for the grade, lots closer to the higher grade here than the lower.
From The Thomas A. Bergin Collection

13821

Binghamton, NY - $20 1902 Red Seal Fr. 639 The City NB Ch. # (E)1189
This is a very scarce Binghamton bank, especially in large size, with just ten such notes listed in the Kelly census. Just two are Red Seals, a number that goes up to three with the addition of this attractive $20 example. Interestingly, all three have been closely held for years, with none having ever been offered at public sale. Tom obtained this piece from your cataloguer some twenty seven years ago and, while recollections of what it sold for in 1980 are hazy, it's certainly a safe bet to state that it will certainly realize more than that this evening. Very Fine-Extremely Fine, with a couple of truly miniscule margin splits at the left end mentioned solely for the sake of total accuracy in cataloguing.
From The Thomas A. Bergin Collection

13822

Bolton Landing, NY - $20 1902 Plain Back Fr. 661 Bolton NB Ch. # 13089
This has been an extraordinarily pleasurable sale for your cataloguer, with more exciting, long hidden, and new to the market notes in virtually every category than in almost any sale in recent years. Having catalogued literally tens of thousands of lots in the past two decades, it takes a true blockbuster of a note to get this writer excited, but the discovery of this note in a hitherto long forgotten collection in the far west certainly came as a shock. Bolton Landing, located on the banks of scenic Lake George in rural Warren County has always been one of those mythical but unattainable towns which had one bank, issued pocket change only, and was, save for one small note in the census that may well exist but has never been offered at public sale, utterly unknown. Now, at long last, the opportunity to actually own a note from this location, one which was denied to such legendary New York collectors as Albert A. Grinnell, William Donlon, George Decker, Richard Boyce and Bill Sabis, has, thanks to the lucky circumstance of this note's survival, offered itself in this sale. While not high grade, this note is evenly circulated, displays clear signatures, and is utterly problem free for its condition. Any estimate here is mere conjecture, as the opportunity to own any note from here is as rare as the note itself, but if rarity and demand are any guide, expect a realization which may well exceed our likely conservative estimate. Very Good+.
From The Walla Walla Collection

13823

Brewsters, NY - $10 1902 Plain Back Fr. 631 The First NB Ch. # 2225
This exceptional example comes from Putnam County, this cataloguer's former home and one of the most avidly collected areas of the state. Fewer than a dozen large notes are known, with this new to the census specimen easily the nicest Blue Seal reported to date by a factor of several grades. It's been off the market since our consignor bought it from this cataloguer in February of 1980. Very Fine+++, a lovely note which displays two color pen signatures and only minimal traces of circulation.
From The Thomas A. Bergin Collection

13824

Brushton, NY - $5 1902 Plain Back Fr. 600 The First NB Ch. # 9643
An extremely scarce note from the only bank in this tiny Franklin County hamlet. The census shows just four large and two small examples extant from here, with this one of those notes listed. Very Good-Fine, with strong signatures.
From The Thomas A. Bergin Collection

13825

Buffalo, NY - $5 1902 Red Seal Fr. 587 The Third NB Ch. # (E)850
A tougher Buffalo bank which issued large notes only. This is a well circulated but intact Very Good Red Seal, ex Hickman-Oakes in 1988.
From The Thomas A. Bergin Collection

13826

Buffalo, NY - $5 1902 Red Seal Fr. 587 The Central NB Ch. # (E)7823
Another scarce Buffalo bank which issued large notes only. An even dozen notes are listed in the census, with this one of just four Red seals. Very Good, with decent color for the grade.
From The Thomas A. Bergin Collection

13827

Buffalo, NY - $10 1902 Plain Back Fr. 632 The Broadway NB Ch. # (E)11319
For those who have never had the pleasure of visiting this city, it is, like many of the old industrial cities of the northeast and midwest, a mosaic of clearly defined neighborhoods. Its banks, especially those chartered after World War I, mirror that pattern, with their titles often reflecting a particular street or neighborhood designation. Most were short lived and all are scarce to quite rare. This institution is typical, having operated for less than three years before closing in early 1922. Just six notes are listed in the Kelly census, with Track and Price showing no auction appearances of any kind since 2001. This attractive piece grades Very Fine+++ and has been off the market since our consignor obtained it from Paul Kagin back in 1985.
From The Thomas A. Bergin Collection

13828

Buffalo, NY - $5 1902 Plain Back Fr. 606 Lafayette NB Ch. # (E)11435
Yet another short lived bank which bowed out after less than five years of operation. This note, which was obtained from a 1982 NASCA sale, is as nice as any we've ever seen from here and traces its pedigree to the Buffalo collection of noted author John Muscalus, who illustrated it in his monograph National Bank Notes of Buffalo & Vicinity, 1865-1929. Extremely Fine-About Uncirculated.
From The Thomas A. Bergin Collection

13829

Buffalo, NY - $10 1902 Plain Back Fr. 633 Community-South Side NB Ch. # 11768
The second title used here, and a rather scarce one, as it was used for less than one year. The census shows just eight such examples. Very Good-Fine.
From The Thomas A. Bergin Collection

13830

Buffalo, NY - $5 1902 Plain Back Fr. 607 The Community NB Ch. # 11768
This high grade piece bears the last of three titles used here. Somewhat confusingly, the bank used almost identical nomenclature for its first and last titles, resulting in considerable misattribution. The original issuing title was simply "Community NB," while the last was "The Community NB." Note the signature of Edward A. Duerr, who signed notes of several other Buffalo banks as well as those of this institution. Extremely Fine.
From The Thomas A. Bergin Collection

13831

Buffalo, NY - $5 1902 Plain Back Fr. 607 The Merchants NB Ch. # (E)11836
Less than four years passed between the opening ceremonies and turning out the lights for the last time at this short lived Buffalo bank. Fewer than a dozen notes are known from here, with auction appearances about as sparse as one would expect from a bank of this rarity. Fine+.
From The Thomas A. Bergin Collection

13832

Buffalo, NY - $5 1902 Date Back Fr. 590 The Marine NB Ch. # 6184
Buffalo, NY - $10 1902 Plain Back Fr. 633 The Merchants NB Ch. # 11836
A pair of pleasing large size notes that each display strong signatures despite an ink problem. The $5 DB grades VF/XF and the $10 PB grades VF.
From The Thomas A. Bergin Collection

13833

Buffalo, NY - $10 1902 Plain Back Fr. 633 The Amherst NB Ch. # (E)11883
This bank, which lasted for only thirteen months, is the rarest of Buffalo's neighborhood banks, with just two specimens listed in the census. This piece is new to that listing, having been obtained from Art Kagin in October of 1982. Bright Very Fine-Extremely Fine, with the same illegible President's signature found on notes from the almost equally short lived Broadway National Bank.
From The Thomas A. Bergin Collection

13834

Buffalo, NY - $5 1902 Plain Back Fr. 609 The South Side NB Ch. # (E)12313
Yet another one of Buffalo's neighborhood banks which came and went within a very short time, with this institution lasting barely two years between conception and demise. This lovely note, which we sold to Tom Bergin back in June of 1985, is the highest grade of any of the handful of specimens extant from this short lived venture. Crisp Uncirculated, signed as President by the energetic Edward A. Duerr.
From The Thomas A. Bergin Collection

13835

Buffalo, NY - $10 1902 Plain Back Fr. 635 The Genesee NB Ch. # 12337
This bank was somewhat more successful than most of its ilk, lasting until the Depression did it in in 1930. Fine, or a bit better.
From The Thomas A. Bergin Collection

13836

Buffalo, NY - $10 1902 Plain Back Fr. 637 The East Side NB Ch. # 13220
A bank which is seldom observed in large, no surprise considering its very short issuing period of only one year before the advent of small size currency. Once again, Edward A. Duerr signs as President. Fine-Very Fine.
From The Thomas A. Bergin Collection

13837

Callicoon, NY - $5 1902 Plain Back Fr. 600 The Callicoon NB Ch. # (E)9427
A lovely example from this sought after Sullivan County community. We sold this beauty to Tom back in September of 1982, and have not seen a nicer piece since. Crisp Uncirculated, with bright violet signatures.
From The Thomas A. Bergin Collection

13838

Cambridge, NY - $10 1902 Plain Back Fr. 624 Cambridge Valley NB Ch. # 1275
A decent large example displaying the second title used here. Very Fine, with a little bit of soiling.
From The Thomas A. Bergin Collection

13839

Camden, NY - $20 1882 Brown Back Fr. 504 The First NB Ch. # 2448
A very rare type and denomination from this by no means common Oneida County bank, with this one of only two Brown Backs known and the only $20. Pen signed Fine++, the the front fully Very Fine and the back displaying most of the wear.

13840

Canton, NY - $10 1902 Red Seal Fr. 615 The First NB Ch. # (E)3696
This appealing note from Saint Lawrence County was part of a previous Long Beach Auction where it was described, "This gorgeous serial number 2 Red Seal was brought in to a suburban Philadelphia coin shop as part of a small estate. It is fresh, bright, and typical of a low serial example which was put away the day it was issued. There are three storage folds, but this piece has the vibrance and bright white paper of a note printed this morning. Pen signed Extremely Fine, a beautiful piece certain to enhance any advanced collection."

13841

Carmel, NY - $10 1902 Plain Back Fr. 624 The Putnam County NB Ch. # (E)976
An attractive Blue Seal from this much sought after bank which has been off the market since we sold it to our consignor in February of 1981. Sharp Very Fine-Extremely Fine, with the signatures of long time owners S. Ryder and Clayton Ryder.
From The Thomas A. Bergin Collection

13842

Castleton, NY - $2 Original Fr. 387 The NB of Castleton Ch. # 842
This is the only Deuce known from this very scarce bank, which issued First Charters and Brown Backs only before liquidating in 1901. The note shows plenty of circulation and displays a few minor flaws, but the colors are bold and the appearance more than acceptable. Very Good.

13843

Cato, NY - $10 1902 Plain Back Fr. 627 The First NB Ch. # 9857
This is one of the Bergin Collection's crown jewels, as this example is the only large note known from this one bank Cayuga County community. It was obtained privately from fellow collector Bob Moon in 1992, with this appearance marking its first ever offering at public sale to the numismatic community. Nice Very Fine, with strong jet black signatures, a true New York trophy item.
From The Thomas A. Bergin Collection

13844

Cazenovia, NY - $5 Original Fr. 397 The NB of Cazenovia Ch. # 1271
An excessively rare note from a bank which lasted only eight years, issuing only First Charters before liquidating in July of 1873. We sold a virtually identical example from the same sheet almost two years ago which realized over $10,000. Expect this rare and beautiful specimen to demonstrate a similar result this evening. Very Fine-Extremely Fine.

13845

Cedarhurst, NY - $20 1929 Ty. 1 Peninsula NB Ch. # 11854
A very scarce Long Island bank with just about a dozen Series 1929 examples recorded in the census. The last small note to be offered at public auction was sold back in 2002, making a long wait until this evening, when another New York collector can add such an example to his or her holdings. Nice Fine-Very Fine.

13846

Champlain, NY - $2 1875 Fr. 390 The First NB Ch. # 316
A well circulated but totally intact Lazy Deuce with plenty of wear but no real problems other than honest circulation. Very Good, with bright colors and good margins for the grade.

13847

Cherry Creek, NY - $10 1902 Plain Back Fr. 631 The Cherry Creek NB Ch. # 10481
A beautiful note with every quality a collector could desire, including wonderful originality, great paper quality, vivid colors, and the pen signature of female Cashier Nora B. Lake. We sold this note to our consignor almost twenty seven years ago, and we've not handled a nicer single large example from here since. Choice Crisp Uncirculated.
From The Thomas A. Bergin Collection

13848

Clayton, NY - $10 1902 Plain Back Fr. 632 The National Exchange Bank Ch. # 5108
This is a tough bank to find in large size, with the census showing fewer than ten such examples. Evenly circulated Fine+.
From The Thomas A. Bergin Collection

13849

Clinton, NY - $5 1902 Plain Back Fr. 602 The Hayes NB Ch. # 10295
This private name institution is just plain rare in both large and small notes, with the census showing just three and four examples respectively. This is the sole large note we've handled from this community, which is no surprise coming from a bank with a miniscule $310 outstanding in 1935, and one which has been off the market since a 1992 auction appearance. Bright Very Fine, with a margin split in the oversize right end more than offset by the purple signature of namesake bank President R.U. Hayes.
From The Thomas A. Bergin Collection

13850

Clyde, NY - $10 1882 Brown Back Fr. 490 The Briggs NB Ch. # (E)2468
Large notes only from this none too common Wayne County bank, which elected to redeem its circulation within a few years after beginning its issue of Blue Seals. Just eight notes are reported from this one bank location, with four of that number Brown Backs. Pen signed Very Fine+, a peach of a note we sold to our consignor almost thirty years ago.
From The Thomas A. Bergin Collection

13851

Cobleskill, NY - $5 1902 Date Back Fr. 590 The First NB Ch. # (E)461
While not uncirculated, this piece certainly appears new until closely inspected. It certainly has the eye appeal of a Gem, with great paper quality, vivid inks, and a huge Presidential vanity signature. Extremely Fine+++.
From The Thomas A. Bergin Collection

13852

Cohoes, NY - $5 1902 Plain Back Fr. 598 The NB of Cohoes Ch. # 1347
This Albany area bank is not terribly rare in low grade, but high grade examples are another matter completely. This Blue Seal, which Tom obtained in June of 1981, is easily as nice as any we've had to offer from here. Nice Extremely Fine.
From The Thomas A. Bergin Collection

13853

Cooperstown, NY - $5 1902 Plain Back Fr. 598 The First NB Ch. # (E)280
While small size notes from this community, the site of baseball's Hall of Fame, are extremely common, large examples are seldom available, particularly in nice grade. This piece ranks in the top half dozen large notes, and is certain to please its new owner. Very Fine, with clear signatures.

13854

Copenhagen, NY - $20 1902 Plain Back Fr. 654 The Copenhagen NB Ch. # 10077
A real New York rarity in large size, with the census showing just three previously reported examples from this obscure one bank locale. With a meager $760 outstanding in 1935, it's highly unlikely that many more pieces are waiting to be discovered either. Fine, with a bit of staining that barely detracts.
From The Thomas A. Bergin Collection

13855

Cornwall, NY - $5 1902 Plain Back Fr. 602 The Cornwall NB Ch. # 10084
Eight notes make up the entire large census from this Orange County bank, not near enough for this area's many active collectors. This piece has been off the market since your cataloguer sold it to Tom back in March of 1980. Fine, with colorful violet signatures.
From The Thomas A. Bergin Collection

13856

Coxsackie, NY - $10 1902 Plain Back Fr. 624 The NB of Coxsackie Ch. # (E)1398
A high grade example from this interesting Hudson Valley community, known mostly for its prison complex. Despite operating throughout the note issuing period, this institution opted to produce large notes only. This is a nice one, grading a strong Very Fine with bright colors and bold signatures.
From The Thomas A. Bergin Collection

13857

Cuba, NY - $10 1902 Plain Back Fr. 633 The First NB Ch. # 2451
While not a rare bank, few notes from here are as attractive as this bright and well margined piece. Old time quality is evident here, as we sold this piece to Tom in March of 1980. Very Fine+.
From The Thomas A. Bergin Collection

13858

Dansville, NY - $5 1902 Plain Back Fr. 601 The Merchants & Farmers NB Ch. # (E)4482
A truly scarce large example, with just $920 outstanding from here in 1935. Just four notes make up the entire large census from this institution, with this the nicest of that select quartet. Our consignor obtained it in a June, 1980 NASCA sale, a fortunate purchase because no large note from here has been seen at auction since. Very Fine-Extremely Fine, with exceptionally bright inks and gorgeous pen signatures.
From The Thomas A. Bergin Collection

13859

Deposit, NY - $10 1902 Plain Back Fr. 626 The Farmers NB Ch. # (E)9434
While a considerable number of notes have been recorded from this Broome County bank, actual appearances at public sale have been very limited, particularly in recent years, with Track and Price showing just one offering of any large example from this bank since 1998. This attractive note came from Steve Michaels in November of 1979. Very Fine.
From The Thomas A. Bergin Collection

13860

Dexter, NY - $10 1902 Date Back Fr. 618 The First NB Ch. # (E)8463
A mere $980 in large size was outstanding from here in 1935, with this one of just four large notes known from this rare upstate bank, and the only Date Back. Pen signed Fine, rare enough to see bidding reach well into the area of...
From The Thomas A. Bergin Collection

13861

Dundee, NY - $10 1929 Ty. 1 The Dundee NB Ch. # 2463
This is an exceptionally rare bank in small size, with the current census standing at just two examples, one of which is a serial number 1 note. This piece is new to that listing, and, in addition to its bank rarity, displays the printed signature of C.M. Blank, who signs as A.Cashier, the first time we have ever seen this printed designation on any Series 1929 note. Bright Very Fine+.

13862

East Rochester, NY - $20 1902 Plain Back Fr. 654 The First NB Ch. # 10141
Common in small size, but not so in large, with this piece one of fewer than a dozen large examples reported to date. Nice Fine-Very Fine, a note Tom obtained from our May, 1991 St. Louis auction.
From The Thomas A. Bergin Collection

13863

Fairport, NY - $10 1902 Plain Back Fr. 632 The Fairport NB & TC Ch. # 10869
A very scarce note from this Rochester suburb, with our records showing a five year interval since we've had any example to offer from here, large or small. This evenly circulated specimen has been off the market since we sold it to our consignor in March of 1981. Fine-Very Fine.
From The Thomas A. Bergin Collection

13864

Gasport, NY - $10 1902 Plain Back Fr. 631 The First NB Ch. # (E)10623
A great New York item which is one of the highlights of the Bergin Collection. This example is one of only two large notes known from this insalubriously named Niagara County location, one of which last appeared over sixty years ago in the fabled Grinnell Collection and has never been seen again. That leaves this example as the sole specimen available to this state's collectors. It is an attractive and problem free piece, with even circulation, good color, and no discernable flaws whatever. Fine+++, a real winner of a note likely destined for a major New York collection after the hammer falls this evening.
From The Thomas A. Bergin Collection

13865

Glens Falls, NY - $20 1902 Plain Back Fr. 650 The NB of Glen Falls Ch. # 7699
A decent large example from this somewhat scarcer Glens Falls bank. Fine+.
From The Thomas A. Bergin Collection

13866

A Pair of Very Fine New York Nationals:
Gloversville, NY - $5 1902 Plain Back Fr. 598 The City NB Ch. # 9305,
and a Troy, NY - $5 1902 Plain Back Fr. 600 The United NB Ch. # 940.
From The Thomas A. Bergin Collection

13867

Goshen, NY - $5 1902 Plain Back Fr. 598 The Goshen NB Ch. # (E)1408
Although this bank, situated in the quaint Orange County seat, issued right from the start in 1865 through the end of the small size era in 1935, all notes from here are very scarce, with the census standing at just five large and six small examples. This piece, which we sold to our consignor in June of 1980, is a new entrant to that listing and the only $5 Blue Seal extant of either type. Fine-Very Fine.
From The Thomas A. Bergin Collection

13868

Greenwood, NY - $20 1902 Plain Back Fr. 651 The First NB Ch. # (E)8058
A simply beautiful note from this just plain rare Steuben County issuer. It's one of just three large notes listed in the census, and undoubtedly the finest of the trio. This was one of the last notes Tom bought for his collection some fifteen years ago, and he certainly picked a fine way to conclude his purchasing. About Uncirculated.
From The Thomas A. Bergin Collection

13869

Groton, NY - $10 1902 Plain Back Fr. 624 The First NB Ch. # 1083
An evenly circulated large example from the sole bank to issue in this Tompkins County hamlet. CGA Very Fine 20.

13870

Hamden, NY - $10 1902 Plain Back Fr. 634 The First NB Ch. # (E)12017
An extremely scarce note from the sole issuer in this rural Delaware County location. This is one of the six large examples listed in the census, all save one of which have been tightly held for many years, as the only auction offering of any large note from here in recent decades as revealed in Track and Price has been the sale of a truly awful specimen in the May, 2004 Central States Heritage auction. Pen signed Fine.
From The Thomas A. Bergin Collection

13871

Hancock, NY - $20 1902 Plain Back Fr. 652 The First NB Ch. # 8613
A nice pen signed example from this hard to find Delaware County bank. Problem free Fine.
From The Thomas A. Bergin Collection

13872

Herkimer, NY - $5 1882 Brown Back Fr. 467 The First NB Ch. # 3183
A new to the census $5 Brown Back from this county seat bank. This piece brings back memories of Sheldon Moses, an early currency dealer long resident in this community who was known as the "Herkimer Hummer" for his habit of humming to himself in the midst of most business transactions. Pen signed Fine-Very Fine, with a small split tape repaired on the reverse and a bit of foxing in the margins.

13873

Heuvelton, NY - $20 1902 Plain Back Fr. 655 The First NB Ch. # 10446
A rare Saint Lawrence County bank with just $690 outstanding in large size in 1935. Just five large notes are listed in the census, with this piece, which Tom bought from your cataloguer in 1981, new to that listing. There is some discoloration on the right end, along with a missing corner tip, but the note is otherwise almost new, save for some light foxing. Overall, a grade of Fine++ seems quite conservative.
From The Thomas A. Bergin Collection

13874

Hoosick Falls, NY - $10 1882 Date Back Fr. 545 The First NB Ch. # (E)2471
A few pinholes are noticed on this example with nice pen signatures. This is only the second $10 Date Back reported on this bank which issued large size notes under the first title. Fine-Very Fine.
From The Walla Walla Collection

13875

Hudson, NY - $5 1902 Date Back Fr. 590 The First NB Ch. # (E)396
Notes from this bank are not terribly difficult to find, but examples in this condition certainly are. Fresh Extremely Fine, a three fold beauty which has retained its full original embossing. The bottom margin is cut slightly into the design.
From The Thomas A. Bergin Collection

13876

Hudson Falls, NY - $10 1902 Plain Back Fr. 627 The Sandy Hill NB Ch. # 6470
Series 1929 examples are easy to find from here, but the large census is made up of just ten notes, with this one of that number. It's one of the very nicest as well, with only one example listed as nicer. Bright Very Fine, with sharp pen signatures.
From The Thomas A. Bergin Collection

13877

Islip, NY - $10 1929 Ty. 2 The First NB Ch. # 8794
This note becomes only the third Type 2 $10 known on this Suffolk County bank. C.O. Ireland held down both the cashier and president positions. A small pencilled "10" is to the right of the portrait and this note was also a cherished wallet keepsake. Very Good.

13878

Ithaca, NY - $2 Original Fr. 387 The Tompkins County NB Ch. # 1561
This new to the census example is the first Lazy Deuce reported from this scarce Ithaca bank, and one of only two known from all three Ithaca banks combined. It's a nice evenly circulated piece, with bright colors, bold signatures, and a vivid red overprint. The bottom left margin is trimmed in a bit, but save for that, the note is perfect for the grade. Fine-Very Fine.

13879

Jamestown, NY - $10 1902 Plain Back Fr. 624 The First NB Ch. # 548
A nice evenly circulated example from this tougher Jamestown bank. Bright Fine-Very Fine.
From The Thomas A. Bergin Collection

13880

Jamestown, NY - $20 1902 Plain Back Fr. 652 The National Chautauqua County Bank Ch. # 8453
An evenly circulated piece displaying strong signatures. Very Good-Fine.
From The Thomas A. Bergin Collection

13881

Jamestown, NY - $10 1902 Plain Back Fr. 632 The Liberty NB Ch. # 11360
A very scarce Jamestown bank which issued large notes only and was one of only a handful of institutions which elected to use a tombstone where the state name was included along with that of the town. The note would otherwise grade About New for wear, but there has been some exposure to water, resulting in some staining. It certainly has the value of a Fine, if not considerably more.
From The Thomas A. Bergin Collection

13882

Jordan, NY - $20 1902 Plain Back Fr. 661 The Jordan NB Ch. # 12375
A very scarce Onondaga County bank which was the sole issuer here. This is one of just six large notes in the census, and the finest of that small group as well. We sold this piece to Tom in August of 1980, near the end of an era where high quality notes such as this were considerably easier to find than they are today. Choice About Uncirculated, a super item from a bank with a meager $640 outstanding in large.
From The Thomas A. Bergin Collection

13883

Keeseville, NY - $20 1902 Plain Back Fr. 653 The Keeseville NB Ch. # (E)1753
Most of the later notes we've seen from this bank have been lower grade pieces, but this Blue Seal is a happy exception. Sharp Very Fine-Extremely Fine.
From The Thomas A. Bergin Collection

13884

Kingston, NY - $1 1875 Fr. 383 The State of New York NB Ch. # 955
This is one of several 1875 aces extant from here, each bearing a distinctive title layout that nowhere mentions the actual issuing location of Kingston. Fine or a bit better, a nice note which is perfect for type.
From The Thomas A. Bergin Collection

13885

Kingston, NY - $1 Original Fr. 380 The National Ulster County Bank Ch. # 1050
The census reveals this is one of only three known Aces from this bank. Only one of the other Aces has shown up at public auction, the consecutive note to this which was part of a 1983 NASCA Sale. The technical wear on this note is consistent with a Very Fine grade, though the folds are a bit too heavy. The result is a fairly eye appealing piece with only a couple of splits in the paper at the folds. The paper remains bright as does the seal. Very Good.

13886

Lackawanna, NY - $10 1902 Plain Back Fr. 626 The Lackawanna NB Ch. # 6964
A considerably above average piece which is one of just a dozen large notes from here listed in the census. Tom obtained this attractive specimen from long time dealer Larry Cramer of Liverpool, New York in 1981. Extremely Fine.
From The Thomas A. Bergin Collection

13887

Larchmont, NY - $10 1902 Plain Back Fr. 634 The Larchmont NB & TC Ch. # 6019
This note displays the second title used by this popular Westchester County bank. Fine+, a note we sold to our consignor back in 1979.
From The Thomas A. Bergin Collection

13888

Livonia, NY - $5 1902 Plain Back Fr. 609 The Stewart NB Ch. # 13006
A beautiful piece which is easily the equal of any example we have ever seen from this scarce late charter Livingston County issuer, which had a miniscule $380 outstanding in large size in 1935. About Uncirculated, and as fresh and bright as the day it left the bank, a real winner of a note.
From The Thomas A. Bergin Collection

13889

Lowville, NY - $10 1902 Plain Back Fr. 624 The First NB Ch. # (E)348
A truly rare bank which liquidated in 1920. Just four examples comprise the entire census, with only one offering of any kind in the last decade according to Track and Price. Bright Very Fine+++, a note which has been off the market since your cataloguer sold it to Tom Bergin in 1981.
From The Thomas A. Bergin Collection

13890

Macedon, NY - $10 1902 Plain Back Fr. 635 The First NB Ch. # 12494
The parade of rarities in the Bergin holdings continues with this outstanding example from a bank which had a meager $300 outstanding in large at the time of its demise in 1931. This serial number 2 note was obtained by Tom from a June, 1980 NASCA sale and, in both rarity and grade is indicative of the constant emphasis on quality with which this consignor assembled his collection. Pen signed Extremely Fine, with the appearance of a note the day it left the bank, a spectacular example fit for the finest of collections.
From The Thomas A. Bergin Collection

13891

Marcellus, NY - $10 1902 Plain Back Fr. 627 The First NB Ch. # 9869
Although small notes from here do turn up occasionally, large examples are another matter entirely, with the census listing just five pieces. This is one of that number, and, with the possible exception of a serial number 1 note which has been off the market for almost twenty years, easily the finest of the group. It came from Frank Trask of Maine in May of 1982, just another example of the quality that could be found in those days if one was determined to purchase only the finest. Extremely Fine-About Uncirculated.
From The Thomas A. Bergin Collection

13892

Marlboro, NY - $10 1902 Plain Back Fr. 626 The First NB Ch. # (E)8834
This is one of only two large notes known from this just plain rare Ulster County bank, and it's by far the finer of the pair. Hidden away in the Bergin holdings since it was bought from Steve Michaels in September of 1979, its discovery here allows one other fortunate collector to obtain a large note from this one bank mid-Hudson Valley community. About Fine.
From The Thomas A. Bergin Collection

13893

Middleville, NY - $10 1902 Plain Back Fr. 633 The Middleville NB Ch. # 11656
An evenly circulated large example from this one bank Herkimer County location. Very Good-Fine.
From The Thomas A. Bergin Collection

13894

Monticello, NY - $5 1902 Plain Back Fr. 598 The National Union Bank Ch. # (E)1503
A high grade example from this Sullivan County bank. There is one small margin split at the bottom and the top margin is close, but those small problems are more than offset by the note's bright and fresh appearance. Extremely Fine.
From The Thomas A. Bergin Collection

13895

Morristown, NY - $5 1902 Plain Back Fr. 600 The Frontier NB Ch. # (E)8371
A great combination of rarity and condition, with this one of just four large notes listed in the census from here. We sold this note to Tom in December of 1980 and remember it well because of its lovely two color oversize pen signatures. The "Frontier" in the title refers to the frontier at the Canadian border, as Morristown is perched on the banks of the St. Lawrence River, and looks out on to the Canadian city of Brockville, Ontario immediately across the river. Very Fine.
From The Thomas A. Bergin Collection

13896

Mount Kisco, NY - $5 1902 Plain Back Fr. 606 The Mount Kisco NB Ch. # 5026
Considerably the scarcer of the two titles used by this well collected Westchester County issuer, and displaying an interesting title layout as well, with the "tombstone" entirely absent. Nice Fine-Very Fine.
From The Thomas A. Bergin Collection

13897

New Rochelle, NY - $10 1902 Date Back Fr. 616 The National City Bank Ch. # (E)6427
This new to the census example is the sole $10 Date Back recorded from this Westchester County bank, this community's only issuer. Nice Fine+++.

13898

New York, NY - $5 1902 Red Seal Fr. 587 The First NB Ch. # (E)29
The seal and charter numbers remain bold for the grade. The overall appearance is close to VF, though the paper is not as firm as one would expect. A few pinholes are worthy of mention, but do not distract from the note. Very Good-Fine.

13899

New York, NY - $1 Original Fr. 380 The Fourth NB Ch. # 290
An attractive and evenly circulated piece with a corner tip off at the bottom right. Our consignor paid $18 for this back in the early 1970's, and, even with its small defect, we can confidently state that it will likely bring somewhat more before bidding ends this evening. Fine-Very Fine.
From The John Ameen Collection

13900

An Original, Consecutive Pair: New York, NY - $5 1902 Plain Back Fr. 602 The Irving National Bank Ch. # (E)345
This consecutive pair both show the same light center bend that is not visible in the holder. The embossing on each issue is ideal and the paper is as bright as a the finest Gem. Surprisingly not a single CU note has been reported extant making these perhaps the finest available. About Uncirculated.

13901

New York, NY - $5 1882 Brown Back Fr. 467 The NB of Commerce Ch. # 733
A fresh and fully original $5 Brown Back which is perfect for type. It bears the signature of noted New York financier J. Pierpont Morgan, who signs as V. President. Choice Crisp Uncirculated, gem but for a slightly close top margin, the sole factor which removes it from that classification.
From The John Ameen Collection

13902

New York, NY - $5 1882 Brown Back Fr. 467 The NB of Commerce Ch. # 733
One of the classic hoard notes with the signature of J. Pierpont Morgan as vice president. A touch of handling is noticed. PMG Choice About Unc 58 EPQ.

13903

New York, NY - $5 1882 Brown Back Fr. 467 The NB of Commerce Ch. # 733
An evenly circulated Brown Back that exhibits a few pinholes. Fine-Very Fine.

13904

New York, NY - $20 1882 Brown Back Fr. 494 The NB of Commerce Ch. # 733
A lightly circulated example that has three wide margins topped by a narrow one. Graded PMG About Uncirculated 55.

13905

New York, NY - $100 1882 Brown Back Fr. 520 The NB of Commerce Ch. # 733
This newly reported piece has been off the market for nearly four decades since our consignor obtained it privately to fill this spot in his type set for what was then the high price of $425. It's the only $100 Brown Back reported from this charter, and, perhaps surprisingly, one of only seven known $100 Brown Backs extant from all of the banks in New York state combined. It is a most attractive and well centered example which is considerably nicer than all but one of the previously listed pieces, and which may well be the equal of that note in a head to head comparison. Very Fine+++, a great New York note worth whatever it takes to bring it home this evening.
From The John Ameen Collection

13906

New York, NY - $5 1902 Red Seal Fr. 587 The NB of Commerce Ch. # (E)733
A pleasing note that works well for type exhibiting three hard vertical folds and a soft horizontal one. Bright and colorful Very Fine-Extremely Fine.

13907

A Consecutive Pair: New York, NY - $5 1902 Plain Back Fr. 598 The National Park Bank Ch. # (E)891
This pair is a perfect match to the pair offered here from the Irving National Bank. Faint bends are present in the middle of both notes and the embossing is ideal.

13908

New York, NY - $10 1902 Red Seal Fr. 613 The National Park Bank Ch. # (E)891
While not a prohibitively rare bank this is perhaps the finest known Red Seal from this bank, garnering a grade of PMG Uncirculated 62.

13909

New York, NY - $2 Original Fr. 387 The Seventh Ward NB Ch. # 998
Strong signatures are deeply inked on this Lazy Deuce, which retains good color. There is a corner repair at the lower left. Very Good-Fine.

13910

New York, NY - $5 1882 Brown Back Fr. 469 The NB of the Republic of New York Ch. # 1000
An About Good-Good example of the "racketeer" note, so called because of the alleged proclivity of the ethically challenged to convince the gullible that the "1000" charter number was actually the denomination. While this story has lingered for generations, we suspect it may be apocryphal, as the less sophisticated population that might have been taken in by such a ruse at a time when a beer could be had for 5¢ would have been unlikely to have the resources to make change for a $1,000 bill.

13911

New York, NY - $10 1882 Brown Back Fr. 480 The Mercantile NB Ch. # (E)1067
An attractive $10 Brown Back with excellent margins, color, and signatures, making it a perfect note for type. Very Fine.

13912

New York, NY - $20 1882 Brown Back Fr. 494 The Mercantile NB Ch. # (E)1067
This issue appears fully Gem, boasting full margins, bright paper and perfectly printed devices. A lone fold to the right of center prohibits a full uncirculated grade. Choice About Uncirculated.

13913

New York, NY - $2 1875 Fr. 391 The National Mechanics Banking Assoc Ch. # 1075
A nice Lazy Deuce from a tougher New York City bank which issued First Charters only before liquidating in 1883. Nicely margined Fine-Very Fine, a perfect type example.
From The Warren Marshall Collection

13914

New York, NY - $5 1902 Red Seal Fr. 587 The Phenix NB Ch. # (E)1374
It figures that just days after your cataloguer penned the description for the uncertified Phenix Red Seal that follows, a second example would be consigned, this in a PCGS Very Choice New 64PPQ holder. It too is a lovely example, with bright colors and great eye appeal, and it too makes a perfect example to cover this none too common type.

13915

New York, NY - $5 1902 Red Seal Fr. 587 The Phenix NB Ch. # (E)1374
A nicely centered Red Seal with great color and eye appeal. It's one of a small group from this bank that your cataloguer turned up in New York's mid-Hudson Valley thirty years ago. Now well dispersed, it has been almost nine years since any of these lovely Red Seals has been available at public sale. Choice Crisp Uncirculated, a perfect example for type.

13916

New York, NY - $5 1902 Red Seal Fr. 587 The Phenix NB Ch. # (E)1374
A couple of pinholes are noted on this original and evenly circulated Red Seal. The overall eye appeal is helped greatly by the depth of the red color in the overprint. Very Good-Fine.

13917

New York, NY - $5 1882 Brown Back Fr. 475 The Chase NB Ch. # (E)2370
This issue is decently colored for the grade and shows only a few paper aberrations at the edges and a couple of pinholes. Very Good.

13918

New York, NY - $5 1875 Fr. 405 The Lincoln NB Ch. # 2608
A gorgeous First Charter five which is perfect for type. While a light corner fold and a bit of handling remove this piece from the uncirculated ranks, it comes with more eye appeal and originality than just about any other FCP five we've ever had the pleasure of offering. The colors are well nigh perfect, the signatures clear and bold, and the note even boasts plenty of original embossing, something almost never evident on notes of this type. Choice About Uncirculated, a premium specimen worthy of the finest of collections.

13919

New York, NY - $20 1902 Red Seal Fr. 639 The Maiden Lane NB Ch. # (E)7107
This has always been one of our favorite New York City bank titles. It was used by one of this city's shorter lived institutions which issued Red Seals only during its brief tenure from January of 1904 through April of 1905. The bank took its title from the street of the same name, a short thoroughfare in lower Manhattan that was long the hub of New York's insurance business. This is the only $20 extant from here, and comes from a CAA sale in 2000 where it realized $2090. Expect it to realize somewhat in excess of that figure tonight. Nice Fine, with a bright red overprint and strong pen signatures.

13920

New York, NY - $5 1902 Plain Back Fr. 606 The Chatham & Phenix NB Ch. # 10778
A bright representative for type grading PCGS About New 50.

13921

New York, NY - $5 1902 Plain Back Fr. 611 The Dunbar NB Ch. # 13237
A nice example from this late charter institution, which was founded by the Rockefeller family to facilitate commerce in New York's black community. The bank was located in Harlem, which in the 1920's was a thriving area in the midst of the so-called "Harlem Renaissance," a flowering of black literature, art and business development. Choice Crisp Uncirculated, with the full top selvage attached, and bearing low serial number 14 as a bonus.

13922

New York, NY - $5 1929 Ty. 1 The Bayside NB Ch. # 13334
This $5 sports serial number C000100A. It has gem centering on the face plus bold embossing. The back is centered a little low, thus the Choice Crisp Uncirculated grade.

13923

Newark, NY - $5 1902 Plain Back Fr. 598 The First NB Ch. # 349
A higher grade example than most notes from here. Pleasing Fine-Very Fine.
From The Thomas A. Bergin Collection

13924

Newark, NY - $10 1902 Date Back Fr. 616 Arcadia NB Ch. # (E)6802
An evenly circulated Date Back from Newark's second (and last) issuer. Fine, trimmed a bit tightly at the top.
From The Thomas A. Bergin Collection

13925

Newark Valley, NY - $20 1902 Date Back Fr. 646 The First NB Ch. # (E)10111
This is one of just two notes known in large size from this bank, which was the sole issuer in this Tioga County hamlet. Typically for this collection, it's listed in the census as the better of the two. This high grade rarity came from fellow New York collector Dan Parvis in 1994. The other large example from here has not appeared in years, making this perhaps a once in a generation opportunity for one lucky collector to add a large note from this community to his holdings. Bright Very Fine-Extremely Fine.
From The Thomas A. Bergin Collection

13926

Newburgh, NY - $5 1882 Brown Back Fr. 466 The NB of Newburgh Ch. # 468
A truly lovely note in all respects, from its fancy layout to its evident eye appeal and from its four large margins to its pen signatures, with the word "Vice" stamped in purple ink in front of the word Pres't." at the signature block. Very Fine-Extremely Fine, a $5 Brown Back missing from even the massive Power Collection.

13927

Newburgh, NY - $20 1902 Plain Back Fr. 650 The Highland NB & TC Ch. # 1106
The second of three issuing titles used here, and by far the scarcest, with the census showing just three examples bearing this nomenclature. Nice Fine++, with bold signatures.
From The Thomas A. Bergin Collection

13928

Niagara Falls, NY - $5 1902 Plain Back Fr. 606 The Falls NB Ch. # 11489
This well known community was home to three issuing banks, one unreported, one fairly common, and one, this institution, available in small size but prohibitively rare in large. Just two notes are known from here, with this the nicer of the two. A mere $940 was outstanding when this bank closed its doors in 1933, making new discoveries an unlikely proposition. This came to Tom Bergin from Lyn Knight twenty five years ago last month. Very Fine-Extremely Fine, with attractive blue signatures.
From The Thomas A. Bergin Collection

13929

North Creek, NY - $20 1902 Plain Back Fr. 653 The North Creek NB Ch. # 9716
This Warren County institution is an extremely scarce bank in large size, with this the fourth such example reported. It's a typical Bergin collection note which just oozes "old time" quality, having come from a November, 1985 Hickman and Oakes sale. Very Fine-Extremely Fine, with gorgeous pen signatures.
From The Thomas A. Bergin Collection

13930

North Rose, NY - $5 1902 Plain Back Fr. 601 The First NB Ch. # (E)10016
A just plain rare New York bank, with this the sole issuer in this Wayne County hamlet. Just four large notes are counted in the census, with both of the last two pieces sold having realized $5000 or more. Fine-Very Fine.

13931

Nyack, NY - $20 1902 Plain Back Fr. 658 The Nyack NB Ch. # (E)2378
A high grade example from this sought after Rockland County institution. We sold this note to Tom Bergin nearly thirty years ago, and have only seen one other Plain Back as nice in the interim. Very Fine-Extremely Fine, a premium piece.
From The Thomas A. Bergin Collection

13932

Oneonta, NY - $5 1902 Plain Back Fr. 600 The Citizens NB & TC Ch. # 8920
A pleasing large example bearing the second title used here. Fine-Very Fine.
From The Thomas A. Bergin Collection

13933

Oswego, NY - $10 1882 Brown Back Fr. 479 The First NB Ch. # 255
One of a small run of uncirculated or near uncirculated Brown Backs from this bank. The colors are bold, the pen signatures strong, and the paper original. Its only detriment is one which is common to notes from here, where all four margins are trimmed close to the design. About Uncirculated.
From The Warren Marshall Collection

13934

Pawling, NY - $10 1929 Ty. 1 The NB of Pawling Ch. # 1269
An attractive small example from this bucolic Dutchess County community. Very Fine.

13935

Peekskill, NY - $20 1902 Plain Back Fr. 652 The Peekskill NB Ch. # 8398
A high grade Westchester County example which is one of the nicest notes known from this sought after bank. Very Fine, bought from Ossie in 1982.
From The Thomas A. Bergin Collection

13936

Peekskill, NY - $20 1902 Plain Back Fr. 652 The Peekskill NB Ch. # 8398
A second nice grade large example from this well collected Westchester community. Fine-Very Fine, with good signatures.

13937

Phelps, NY - $20 1902 Plain Back Fr. 653 The Phelps NB Ch. # 9839
This was the only bank to issue from this small Ontario County location. Just seven notes, including this $20, make up the entire large census from here. Very Good+, with a small inked number on the front.
From The Thomas A. Bergin Collection

13938

Philmont, NY - $20 1902 Plain Back Fr. 650 The First NB Ch. # 7233
This new to the census note comes from one of the most difficult to find banks in the state, as this institution, the only issuer in this Columbia County village, counts but two large and two small examples in the census. Only one of the large notes has been offered within recent memory, while the whereabouts of the other remains a mystery. This specimen, which is considerably nicer than any of the known examples, has been off the market and in the collection of our consignor for over three decades. Very Fine, with two color signatures including that of Edward L. Harder, who signs as Vice President.

13939

Port Jervis, NY - $5 1902 Plain Back Fr. 598 The NB & TC Ch. # 1363
A lovely note which fits right into the middle of a small run of uncirculated examples. Bright inks, vivid colors, bright white paper, and great two color signatures of E.F. Mapes and W.G. Cuddeback make this into a real peach of a note. Crisp Uncirculated.
From The Thomas A. Bergin Collection

13940

Port Leyden, NY - $5 1902 Plain Back Fr. 607 The Port Leyden NB Ch. # 11742
A very rare note from a truly scarce bank. A miniscule $360 remained outstanding in large notes from this one bank Lewis County location in 1935, with the census showing just two large examples, with one trading hands in the Sabis collection and the second off the market for many years. This piece is new to the census and was obtained privately many years ago. Although well circulated, it is flawless for the grade, with good colors and clear signatures. Very Good-Fine.
From The Thomas A. Bergin Collection

13941

Potsdam, NY - $5 1902 Plain Back Fr. 606 The Citizens NB Ch. # (E)5228
Ah, Potsdam, city of parks and palaces, a UNESCO World Heritage site and the residence of Prussian kings until 1918. Bet you didn't know that the real Potsdam was located in St. Lawrence County, situated far closer to Ottawa, Canada than to the state capital in Albany. The branch of the State University located here is as close to castles and palaces as it gets in the north country. This is actually a very scarce bank in large size, with just four notes comprising the entire census from here. This piece is new to that listing, and is the only $5 Plain Back from here recorded to date. About Fine.
From The Thomas A. Bergin Collection

13942

Red Creek, NY - $20 1902 Plain Back Fr. 657 The Red Creek NB Ch. # 10781
Just three large notes are known from this tiny Wayne County bank, with this the finest of the group. It's a lovely note, far nicer than the example from here we sold in January of 2006 which brought $4025. Bright Very Fine-Extremely Fine, with the signatures of Wm. Hawley and Charles Hawley, Jr.
From The Thomas A. Bergin Collection

13943

Red Hook, NY - $10 1902 Red Seal Fr. 613 The First NB Ch. # (E)752
While this institution, the sole issuer in this charming Dutchess County community, is not terribly rare, this note certainly is, as it is the only Red Seal of any denomination extant from here. Pen signed Fine, with bold colors and sharp pen signatures, a significant mid-Hudson Valley rarity.

13944

Remsen, NY - $10 1902 Plain Back Fr. 624 The First NB Ch. # 6482
A seldom seen Oneida County note from the only bank here to issue. Fine or a bit better, with the margins trimmed just a bit tight.
From The Thomas A. Bergin Collection

13945

Rochester, NY - $5 1882 Brown Back Fr. 471 The Flour City NB Ch. # (E)1362
On the plus side of the ledger for this $5 Brown Back is a nice occupational title, a lack of real wear, and some bank scarcity. On the minus side are closely trimmed margins, a missing bottom left corner tip, and a bit of damage under the Cashier's signature. Very Fine for grade but a bit damaged.
From The Thomas A. Bergin Collection

13946

Rochester, NY - $20 1902 Plain Back Fr. 651 The NB of Commerce Ch. # (E)8111
Large notes only from this bank, with this example one of just four Plain Back twenties listed in the census. Very Fine+.
From The Thomas A. Bergin Collection

13947

Rondout, NY - $5 1882 Date Back Fr. 537 The First NB Ch. # (E)2493
A lovely example which is perfect for type. Tom obtained this note from our old friend Frank Nowak, whose fixed price lists under the rubric "The Vault" from the seventies and eighties are much missed. Bright Extremely Fine.
From The Thomas A. Bergin Collection

13948

Roscoe, NY - $5 1902 Plain Back Fr. 599 The First NB Ch. # 8191
A very well used example from the only bank in this small Catskill Mountain community. Very Good.
From The Thomas A. Bergin Collection

13949

Rouses Point, NY - $10 1902 Plain Back Fr. 633 The First NB Ch. # (E)11969
A truly great item which is one of the highlights of Tom Bergin's Collection. This is one of only two large notes known from this small village, which is basically nothing more than a customs shed on the border with Quebec. Tom bought this note from your cataloguer back in September of 1980, with both of us little realizing that twenty four years would pass without another note from here becoming available to the collecting public. We sold the one other large note for $12,650 three years ago and, with that note in very strong hands, fully expect this piece to realize a similar amount tonight. Very Good-Fine, a trophy note certain to delight its fortunate new owner.
From The Thomas A. Bergin Collection

13950

Rye, NY - $10 1902 Plain Back Fr. 633 The Rye NB Ch. # 5662
This is, perhaps surprisingly, a very scarce type from this Westchester County bank, with only three of the fifteen reported large examples of the Third Charter Blue Seal persuasion. This piece is new to the census, having been off the market since we sold it to our consignor in June of 1980. Fine, with strong black signatures.
From The Thomas A. Bergin Collection

13951

Saugerties, NY - $20 1902 Plain Back Fr. 650 The First NB Ch. # 1040
A tougher Ulster County bank in large. About Fine, with sea-green signatures.
From The Thomas A. Bergin Collection

13952

Sayville, NY - $5 1929 Ty. 1 The Oystermen's NB Ch. # 5186
A lovely example from New York's Suffolk County bearing a great occupational title which reminds us that long before this county turned into a bedroom community for New York City there was a flourishing oystering industry on Long Island's south shore. This piece was graded early by PMG, who noted "Great Embossing" on the Gem Uncirculated 65 holder, a precursor to the "EPQ" designation. PMG will now reholder these items into an EPQ designated holder upon request. Expect some stiff competition from the many Long Island collectors before the hammer falls on this item tonight.

13953

Silver Springs, NY - $5 1902 Red Seal Fr. 587 The Silver Springs NB Ch. # (E)6148
A gorgeous serial number 1 Red Seal which is of great historical importance, as this piece, which bears the "A" position as the top note from the first sheet, is also the first Red Seal issued by any New York bank, as this institution was the first bank in the state to receive its charter in January of 1902. One other serial number 1 Red Seal is known from here, with that note, a $10 in a bit lower grade than this, realizing $20,700 in a New York auction two years ago. This piece is bright, original, and clearly never saw any circulation, but a few light handling marks compel the grade of Choice About Uncirculated. Pen signed and with incredible eye appeal, it's another trophy example destined for a great collection after the hammer falls this evening.
From The Thomas A. Bergin Collection

13954

Silver Springs, NY - $5 1902 Plain Back Fr. 598 The Silver Springs NB Ch. # (E)6148
A nice pen signed Extremely Fine Blue Seal which perfectly complements the Red Seal offered above.
From The Thomas A. Bergin Collection

13955

Suffern, NY - $5 1902 Plain Back Fr. 607 The Suffern NB Ch. # (E)5846
While Series 1929 examples from here are quite common, large notes are another story entirely, with the census standing at just eight pieces. Somewhat surprisingly, just two of that number are Blue Seals. This example is new to that listing, and has been off the market since Tom obtained it from your cataloguer back in February of 1981. Pleasing Fine+, with clear purple signatures.
From The Thomas A. Bergin Collection

13956

Syracuse, NY - $10 1902 Date Back Fr. 616 The Merchants NB Ch. # (E)1342
Pleasing stamped signatures and a bold blue overprint are noted on this first title note. Very Fine.

13957

Syracuse, NY - $10 1882 Brown Back Fr. 490 The American Exchange NB Ch. # 5286
Brown Backs only from this short lived Syracuse venture, which lasted for less than four years before being closed by the receiver in early 1904. Just three examples from here are known, with this one of that very small number. Pen signed Fine+++, easily rare enough to see a winning bid in the range of...
From The Thomas A. Bergin Collection

13958

Syracuse, NY - $10 1902 Red Seal Fr. 613 Commercial NB Ch. # (E)6965
A nice Red Seal from a Syracuse bank which liquidated in 1915 after having issued Red Seals and Date Backs only. Pleasing Fine, with good color and signatures, obtained twenty five years ago from Syracuse resident and author Gordon Harris.
From The Thomas A. Bergin Collection

13959

Syracuse, NY - $10 1902 Plain Back Fr. 635 The Liberty NB Ch. # (E)12122
Although this bank operated for seven years, it issued a minimal number of sheets, particularly for a "big city" bank. This is the only note known from the bank, and one which has never been offered at public sale to the numismatic community, having been obtained from another collector in a private transaction many years ago. Evenly circulated Fine-Very Fine, an item virtually impossible to estimate, because, once the hammer falls this evening, where could another be obtained at any price?
From The Thomas A. Bergin Collection

13960

Theresa, NY - $20 1902 Plain Back Fr. 651 The Farmers NB Ch. # (E)8158
This is one of only two large notes known from this single bank Jefferson County locale, and substantially the nicer of the pair. It's been off the market for the better part of thirty years, and, with the other large example in very strong hands, may offer the only opportunity for many years for any collector to add a large note from this community to his or her holdings. Very Fine.

13961

Troy, NY - $10 1902 Red Seal Fr. 613 The Manufacturers NB Ch. # (E)721
A fresh and appealing Red Seal we handled over a quarter of a century ago, having sold this piece to Tom Bergin in March of 1981. While this is a very common bank, Red Seals are another matter completely, with this only the second Red Seal of any denomination known from here. Extremely Fine, with vivid inks, bright paper, and lovely two color signatures, a simply lovely example.
From The Thomas A. Bergin Collection

13962

Troy, NY - $10 1902 Plain Back Fr. 624 The United NB Ch. # 940
A high grade Plain Back from one of this city's more common banks. Extremely Fine.
From The Thomas A. Bergin Collection

13963

Troy, NY - $5 1902 Plain Back Fr. 598 The National State Bank Ch. # 991
A beautiful note with simply extraordinary margins, bright white paper and total originality. Some light handling and a barely discernable corner fold compel a grade of Choice Crisp Uncirculated, although the note displays the visual appeal of a "70."
From The Thomas A. Bergin Collection

13964

Unadilla, NY - $10 1902 Plain Back Fr. 626 The Unadilla NB Ch. # 9516
A nice example of one of this state's few large size uncirculated hoard notes. There is some handling and a couple of corner tip folds, but to label this bright and fresh example anything less than Crisp Uncirculated would be a rank injustice.
From The Thomas A. Bergin Collection

13965

Utica, NY - $5 1882 Brown Back Fr. 469 The First NB Ch. # 1395
An evenly circulated $5 Brown Back that is problem free for the grade. Fine.
From The Thomas A. Bergin Collection

13966

Utica, NY - $5 1902 Plain Back Fr. 598 The First NB Ch. # (E)1395
Bright, fresh, and new but for two light folds. Extremely Fine-About Uncirculated, about as nice as a note can be without grading fully New.
From The Thomas A. Bergin Collection

13967

Walton, NY - $10 1902 Plain Back Fr. 627 The First NB Ch. # (E)4495
An evenly circulated Fine example from this Delaware County bank.
From The Thomas A. Bergin Collection

13968

Warrensburgh, NY - $10 1902 Plain Back Fr. 626 The Emerson NB Ch. # 9135
A nice example from one of New York's scarcer private name banks. Fine, with the signature of Albert L. Emerson as Cashier. For those wondering why the namesake of the bank occupied the position of Cashier rather than President, up through the 1930's the Cashier was often the officer who actually ran the bank, while the President, in many cases, occupied an honorific office but did little actual work directing the day to day operation of the bank.
From The Thomas A. Bergin Collection

13969

Watervliet, NY - $5 1902 Plain Back Fr. 598 The NB of Watervliet Ch. # 1265
A more than acceptable circulated example from this Albany County bank. Fine+.
From The Thomas A. Bergin Collection

13970

Waverly, NY - $10 1902 Plain Back Fr. 635 The Citizens NB Ch. # 12954
A very scarce bank in large size, with this institution having but $980 outstanding in large notes in 1935. The census stands at five large examples, with this new to that listing and as nice as any we've seen offered at public sale. Fine-Very Fine, with bright turquoise signatures, an attractive piece which is certain to please.
From The Thomas A. Bergin Collection

13971

West Seneca, NY - $20 1902 Plain Back Fr. 661 The Seneca NB Ch. # 12925
A very scarce late charter note from Erie County which had but $855 outstanding in large notes in 1935. Just four large (and three small) notes are known from this bank, including this piece, which Tom Bergin obtained from our January, 1995 Orlando sale. West Seneca is a suburb of Buffalo, so it comes as no surprise to those familiar with the Buffalo banking scene in the 1920's (see the Buffalo notes offered as part of this collection) that the peripatetic Edward A. Duerr was instrumental in organizing this bank and signed this note as its President. Fine-Very Fine.
From The Thomas A. Bergin Collection

13972

West Winfield, NY - $10 1902 Plain Back Fr. 624 The West Winfield NB Ch. # (E)7483
Low grade but rare, with just three large notes reported from this Herkimer County bank. This is certainly not the nicest. Well circulated (make that very well circulated) but intact Very Good, although the pen signatures are bold and clear.
From The Thomas A. Bergin Collection

13973

Westport, NY - $5 1902 Plain Back Fr. 600 The Lake Champlain NB Ch. # (E)9405
An extremely rare note from a bank which bears a great New York title. The total census population from this one bank location is four large and one small note, with the bank reporting a miniscule $410 in large notes outstanding by 1935. One large note is listed without a grade, but this example is easily the finest of the three that have had appearances at public sale. This piece came to Tom from a November, 1985 Hickman-Oakes sale, and has been off the market since that time. No large example from here has traded hands within the last dozen years, so it will be interesting to observe what a new generation of collectors will pay for the finest known specimen from this rare bank. Pen signed Very Fine, another New York trophy item.
From The Thomas A. Bergin Collection

13974

Whitehall, NY - $10 1902 Plain Back Fr. 626 The NB of Whitehall Ch. # (E)8388
This is a very scarce and seldom offered bank, with the census from here standing at five large and two small examples. Track and Price has recorded only one offering from here of any kind during the past decade, with this piece off the market since Tom obtained it from your cataloguer in September of 1980. Pen signed Fine.
From The Thomas A. Bergin Collection

13975

Whitesboro, NY - $5 1902 Plain Back Fr. 606 The Whitestown NB Ch. # (E)11284
A truly rare note from the only National Bank chartered in this Oneida County hamlet. Chartered in January of 1919, this bank elected to circulate only large $5 notes, foregoing any issue of Series 1929 examples. By 1935, only $510 was outstanding. Three notes are known, two quite low grade and this specimen, which is at the opposite end of the grade scale. It last appeared at public sale in a September, 1980 Hickman-Oakes sale. The sole appearance of any other note from this bank came back in May of 2003, where we sold a low grade example as part of the Sabis Collection of New York notes. Pen signed Very Fine+++, a great note worth whatever it realizes this evening.
From The Thomas A. Bergin Collection

13976

Whitney Point, NY - $5 1902 Date Back Fr. 590 The First NB Ch. # (E)7679
This note offers a wonderful combination of rarity and grade, coming as it does from a bank with a meager $560 outstanding in large notes by 1935. The only other large size offering from this bank in the past two decades came when we sold an example grading Fine in our January, 2007 FUN sale for $5462.50. This piece, which Tom Bergin obtained privately from a fellow New York collector fifteen years ago, is by far that note's superior in every respect. Extremely Fine, with great color, signatures, and eye appeal.
From The Thomas A. Bergin Collection

13977

Winthrop, NY - $10 1902 Plain Back Fr. 632 The First NB Ch. # 10747
A tough bank in large size, with only $840 outstanding in 1935. Nice Fine-Very Fine, ex-CAA's January, 1995 Orlando sale, lot 2214.
From The Thomas A. Bergin Collection

13978

Yonkers, NY - $5 1902 Date Back Fr. 590 The First NB Ch. # (E)653
A far above average example from this much collected Westchester County bank. Bright Very Fine+++.
From The Thomas A. Bergin Collection

13979

Charlotte, NC - $10 1902 Plain Back Fr. 631 The Commercial NB Ch. # (S)2135
This slightly toned example boasts solid, firm paper and a bright blue overprint to match the dark stamped signatures of the bank officers. Fine.

13980

Elizabeth City, NC - $20 1902 Plain Back Fr. 658 The First & Citizens NB Ch. # 4628
Bright paper and adequate margins are noticed on this well embossed example that is in a grade not usually on NC large size notes. From a run of notes known grading CGA Gem Uncirculated 66.

13981

Goldsboro, NC - $20 1902 Plain Back Fr. 658 The NB of Goldsboro Ch. # 5048
Perhaps the finest known of this type from this issuer. Purple signatures are still visible. CGA Extremely Fine 45.

13982

Kinston, NC - $10 1929 Ty. 1 The NB of Kinston Ch. # 9044
A great new discovery which is unique for the bank, which issued a minimal quantity of small size notes before entering receivership early in 1931. This was the only denomination issued, and, prior to the appearance of this piece, not even a whisper of this note's existence was known. Nice Fine, a truly significant North Carolina rarity likely destined for an important North Carolina collection.

13983

Lenoir, NC - $10 1929 Ty. 2 The Union NB Ch. # 13523
This is the only collectible Lenoir small size issuer, as the other issuer in town has but one Series 1929 note in the census. Notes from here are not exactly common either, with the Gengerke data showing just four offerings of any kind in the past sixty years, the last coming in early 2003. This attractive piece is the only Type 2 $10 reported to date. Pleasing Fine-Very Fine.

13984

Oxford, NC - $10 1882 Value Back Fr. 577 The First NB Ch. # (S)5885
A scarce bank which issued large notes only. This attractive Value Back is housed in a CGA Very Fine 35 holder, and lays claim to being the highest grade Value Back known from the entire state. The holder incorrectly calls this a Fr. 581.

13985

Raleigh, NC - $10 1902 Plain Back Fr. 626 The Commercial NB Ch. # 9067
Boldly printed signatures of A.P. Bauman and B.S. Jerman are found on this lightly handled state capital $10. Choice About Uncirculated with a corner tip fold into the design.

13986

Wilmington, NC - $20 1882 Value Back Fr. 581 The Murchison NB Ch. # (S)5182
A rare note for type on the state as this is only the sixth $20 Value Back known. A touch of staining is seen in the center of the note. Fine.

13987

Belfield, ND - $20 1902 Plain Back Fr. 652 The First NB Ch. # 9539
A seldom seen note from the only bank to issue here. Fine, with a small notch out at the top which sounds worse than it actually looks.

13988

Belfield, ND - $10 1929 Ty. 1 The First NB Ch. # 9539
A more than acceptable small example to complement the large note from here offered above. Fine.

13989

Bismarck, ND - $5 1902 Plain Back Fr. 601 The City NB Ch. # (W)9622
Large notes only from this just plain rare state capital bank, with this piece one of just six examples from here listed in the census. Track and Price shows no offerings of any kind from here at public sale since a 2001 auction appearance. Fine, with a miniscule corner tip repair that affects nothing.

13990

Bowman, ND - $10 1929 Ty. 1 The First NB Ch. # 8976
A very scarce note from the only bank to issue from this small town, located at the far southwestern edge of the state. We know of only one other offering from here since 1999, with that being a far lower grade example. Nice Fine-Very Fine.

13991

Casselton, ND - $10 1902 Plain Back Fr. 624 The First NB Ch. # (W)2792
A decent large example which is considerably nicer than the note from here we sold for $517.50 two years ago. Pleasing Fine-Very Fine.

13992

Dickinson, ND - $20 1929 Ty. 1 The First NB Ch. # 4384
A high grade small example. Very Fine-Extremely Fine.

13993

Glen Ullin, ND - $10 1929 Ty. 1 First NB Ch. # 13410
An evenly circulated Fine example from the only collectible bank in this small community.

13994

Grand Forks, ND - $20 1929 Ty. 1 First NB Ch. # 2570
The first of a consecutive pair, and a perfect note for any state set. Crisp Uncirculated.

13995

Grand Forks, ND - $20 1929 Ty. 1 First NB Ch. # 2570
A second high grade piece, this with a barely visible light fold. Choice About Uncirculated.

13996

Hankinson, ND - $10 1902 Date Back Fr. 616 The First NB Ch. # (W)6218
Limp and low grade, but scarce. Good-Very Good.

13997

Hebron, ND - $10 1929 Ty. 1 The First NB Ch. # 10741
A scarce small size note from the only bank to issue in this tiny Morton County locale. Fine+.

13998

Hettinger, ND - $10 1929 Ty. 2 The First NB Ch. # 8991
Just five small examples are listed in the census from this bank, the sole issuer of Series 1929 notes in this western North Dakota community. Fine.

13999

La Moure, ND - $10 1902 Plain Back Fr. 627 The Farmers NB Ch. # (W)9714
An extremely scarce bank which issued large notes only. We note only one offering of any kind from here at public sale during the past ten years. Well circulated but intact Very Good.

14000

Lidgerwood, ND - $10 1902 Plain Back Fr. 633 The First NB Ch. # (W)5772
A very scarce bank which issued large notes only. Just six notes are known, with this one of only two Plain Backs. Bright Very Fine, with a tiny rust spot in the top margin that affects little.

14001

Mayville, ND - $5 1882 Brown Back Fr. 469 The First NB Ch. # 3673
An incredible Territorial rarity and a true miracle of survival, as this bank issued a mere 900 sheets of Territorial Brown Backs before beginning its state issue. The census reports no extant Territorials from this tiny one bank community, and in fact no surviving examples of any kind from here, and we certainly have no record of any public offering from this obscure North Dakota location. Fortunately for collectors, this serial number 1 example is as nice as it is rare. There is a tiny restoration and a small spot near the center of the note, which barely detracts at all, but the color, inks and bold two color pen signatures give this Brown Back tremendous eye appeal to complement its rarity. Extremely Fine.

14002

Rolla, ND - $20 1929 Ty. 1 The First NB Ch. # 6157
A truly scarce note from the only bank to issue from here. Just five small notes comprise the entire Series 1929 census from this bank, with offerings of any kind from here few and far between. Fine+.

14003

Sharon, ND - $10 1929 Ty. 1 The First NB Ch. # 9005
Another very tough note from a one bank community, where more than ten years has passed between offerings. Well circulated but fully intact Very Good.

14004

Wahpeton, Dakota Territory - $10 1875 Fr. 420 The First NB Ch. # 2624
We last handled this Dakota Territory rarity in our 2005 Long Beach Signature Auction. It is one of only eleven Territorial issues known from the banks located in the what is now North Dakota. Our description at the time read, "This Territorial note represents a true miracle of survival, coming as it does from a bank which issued Territorials only during its short four year existence from 1882 through 1886. By 1915, the amount outstanding from here had dropped to a miniscule $230. Surprisingly, there are two $10 Territorials extant from here, with the other example ensconced in a very long term North Dakota holding. Only three Dakota Territory tens are known from all issuing banks combined, making this a rare item indeed. Despite being well circulated, the note is bright and displays excellent color and eye appeal for its grade. There are a few small restorations, but they are so well executed that not one person in one hundred would spot them even after the closest of scrutiny. Very Good+."

14005

Wahpeton, ND - $10 1902 Plain Back Fr. 626 The NB of Wahpeton Ch. # (W)4106
Large notes only from this better Wahpeton bank. Well circulated Very Good, but with clear pen signatures.

14006

Walhalla, ND - $5 1902 Plain Back Fr. 600 The First NB Ch. # (W)9133
This is one of only four notes from this bank to have made auction appearances in last decade. Very Fine.

14007

Ada, OH - $10 1882 Date Back Fr. 545 The First NB Ch. # (M)5425
An old friend returns after almost ten years off the market. The eye appeal of this note cannot be understated as the inks are fresh and the margins nicely centered. An elusive type with strong signatures despite its age. Very Fine-Extremely Fine.

14008

Akron, OH - $20 1902 Red Seal Fr. 639 The Second NB Ch. # (M)2716
Akron was home to eight issuing banks, including two of the first hundred National Banks chartered, but most of these institutions came and went within a few years, with not even one bank lasting long enough to issue Series 1929 specimens. This institution lasted only until 1911, issuing Brown Backs, Red Seals, and Date Backs only. Fine+.

14009

Arcanum, OH - $5 1929 Ty. 1 The First-Farmers NB Ch. # 4839
This serial number E000001A $5 is the first serial number 1 small size note to show up on this Darke County bank. This example has original paper surfaces and a small, light spot within the top margin. Very Fine-Extremely Fine.

14010

Ashland, OH - $50 1929 Ty. 1 The First NB Ch. # 183
This is the highest graded example for type known from this locale. A touch of handling and a light fold account for the grade. PCGS About New 50.

14011

Ashland, OH - $50 1929 Ty. 1 The First NB Ch. # 183
A pleasing mid-grade example on a a denomination seldom offered from here. CGA Very Fine 35.

14012

Batavia, OH - $10 1902 Red Seal Fr. 613 The First NB Ch. # (M)715
One of only three Red Seal $10 notes which are known from this bank. The overall eye appeal is increased by strong officers' signatures. Very Fine-Extremely Fine.

14013

Bellefontaine, OH - $1 Original Fr. 382 The Bellefontaine NB Ch. # 1784
A new discovery and a very scarce type and denomination from here. The Kelly census lists only two First Charters extant from this bank, a $1 and a $2, with both grading "Good." This example is a happy departure, with good color, bold signatures, and plenty of eye appeal. Fine+.

14014

Bellefontaine, OH - $10 1875 Fr. 416 The Bellefontaine NB Ch. # 1784
This piece is new to the census and stands as one of only three First Charters of any denomination reported from here. With the other two listed as "Good," it's almost certainly the finest as well. It is a nice blue end paper example with good color and appearance for the grade, and is housed in a PMG Very Fine 20 holder.

14015

Bethel, OH - $5 1882 Brown Back Fr. 477 The First NB Ch. # 5627
This lovely $5 Brown Back comes from a collection assembled many years ago and untouched for the past fifteen years. It's one of only two Brown Backs recorded from this institution, the other of which, interestingly enough, bears the adjacent serial number. Pen signed Very Fine, with the appearance of an uncirculated note from the face.
From The Walla Walla Collection

14016

Brookville, OH - $5 1902 Plain Back Fr. 600 The First NB Ch. # (M)9553
Despite extensive use in circulation this piece boasts solid paper. Very Good.

14017

Bucyrus, OH - $5 1882 Brown Back Fr. 467 The Second NB Ch. # (M)3274
This premium PCGS Gem New 67PPQ is from a run of uncirculated notes of this type and denomination documented in the Kelly census and comes from the only bank in the state with anything more than a mere handful of uncirculated Brown Backs of any denomination available. The paper is bright, the margins well balanced and the delicate ink signatures of the officers as vivid and strong as the day they were laid down. It is, quite simply, a premium $5 Brown Back that more than deserves the grade applied by the certification service. While we can fondly recall paying no more than $250 for $5 Brown Backs of this quality from here in the early 1980's, those days are long gone, never to return. We suspect that with the growing popularity of National Bank Note collecting in general and the particular emphasis being placed to a greater degree than in the past on premium quality certified notes, today's price levels may in the future be viewed with a wistful nostalgia by those who fail to acquire at today's levels.

14018

Bucyrus, OH - $5 1882 Brown Back Fr. 467 The Second NB Ch. # (M)3274
This earlier $5 Brown Back has an artistic bank title layout to go with its "stacked" Treasury signature combination. January 1887 saw the demise of "stacked" Treasury signatures which were replaced by "in-line" Treasury signatures. This example attracted slight handling before being third-party encapsulated. PMG Choice About Unc 58 EPQ.
From The Warren Marshall Collection

14019

Bucyrus, OH - $20 1902 Date Back Fr. 642 The Second NB Ch. # (M)3274
The signatures remain bold on this deeply printed $20. There is a tiny corner tip fold that remains fully in the margin on this Crisp Uncirculated issue.

14020

Cincinnati, OH - $10 1902 Red Seal Fr. 613 The Fourth NB Ch. # (M)93
The overprint on this wholly original issue is bold and the stamped signatures are solid. There is a tiny edge split in the margin at left, but fails to touch the design. Fine.

14021

Cincinnati, OH - $10 1902 Red Seal Fr. 613 The Fourth NB Ch. # (M)93
This piece was carefully put back together as it split on both of the two heavy folds on either side of the center. The overprint remains bold. Very Good, repaired.

14022

Cincinnati, OH - $5 1882 Date Back Fr. 537 The Citizens NB Ch. # (M)2495
Signatures are still legible on this Very Fine note with a close cut on top.

14023

Cincinnati, OH - $10 1882 Date Back Fr. 545 The Citizens NB Ch. # (M)2495
The bottom margin was cut a bit tight though the colors and signatures offer plenty of eye appeal. PMG Choice Very Fine 35 EPQ.

14024

Cincinnati, OH - $5 1882 Value Back Fr. 574 The Citizens NB Ch. # (M)2495
A nice example that retains some crispness. PMG Choice Fine 15, with nice clear signatures. These notes were issued for a relatively brief period from 1916-1922 and can be quite a challenge to locate.

14025

Cincinnati, OH - $10 1882 Value Back Fr. 577 The Citizens NB Ch. # (M)2495
A deep blue overprint on this Value Back is complemented by the strong officers' signatures. On three sides, the margins are broad and a view of the back reveals embossing of the charter number. PCGS Extremely Fine 45PPQ.

14026

Cincinnati, OH - $5 1882 Date Back Fr. 537 The German NB Ch. # (M)2524
Anti-German sentiment during and after WWI would cause this bank to change its name. This ethnic title example features lightly faded purple stamped signatures. Very Fine.

14027

Cincinnati, OH - $5 1882 Value Back Fr. 575b The Lincoln NB Ch. # (M)2524
This note bears a very rare Treasury signature combination for Value Backs, with this bank perhaps the only one to issue $5 Value Backs with these signatures. It occurred, as these signature rarities often do, because of a title change, in this instance occasioned by the anti-German hysteria unleashed by our entrance into the First World War. When plates were prepared with the bank's new title in January of 1918, the then current Treasury signatures of Teehee and Burke were used. As no other banks would have been ordering Second Charter Value Backs by early 1918, this institution is likely to have been the sole issuer of this type and denomination with these Treasury signatures. The Friedberg reference lists 575b as "Rare" and assigns no price. Pleasing Fine+++.
From The Thomas A. Bergin Collection

14028

Cincinnati, OH - $10 1882 Brown Back Fr. 482 The Atlas NB Ch. # 3639
This example is from a tough series for the bank. Of 23 large notes known only three are $10 Brown Backs. This new addition to the census becomes the fourth for the denomination. Very Good with a repaired tear.

14029

Cincinnati, OH - $20 1902 Red Seal Fr. 641 The Market NB Ch. # (M)3642
A lovely serial number 1 $20 Red Seal with the color and eye appeal of an uncirculated example. There are a few folds, but the overall appearance is utterly first rate. Pen signed Extremely Fine, with the full bottom selvage still attached.

14030

Cleveland, OH - $10 Original Fr. 412 The Commercial NB Ch. # 807
First Charters and Brown Backs only from this rare Cleveland bank which went out in 1904. Just five examples are known, with only one, a $50, listed as a First Charter. This Original $10 is new to the census and offered here for the first time. The Kelly premium is $3000, which sounds about right. Very Good.

14031

Cleveland, OH - $5 1882 Brown Back Fr. 477 The Bankers NB Ch. # (M)5805
It is unfortunate that the ink used during this period was so acidic and this note bears witness to it as it suffers some paper erosion in the signature. One of very few notes available as this institution was afloat for about three years. Very Fine.

14032

Dayton, OH - $100 1882 Brown Back Fr. 525 The Fourth NB Ch. # 3821
This is the only $100 Brown Back known from this tougher Dayton bank, which went out in 1918. It's been off the market since we sold it in January of 1997, when it realized only $775.50 in a market that was clueless how scarce these early high denomination notes were. Expect it to bring considerably more tonight. Very Good.

14033

Dunkirk, OH - $10 1929 Ty. 1 The First NB Ch. # 6628
This is a Fine-Very Fine serial number 1 $10 from the very first position on the first sheet. In fact it is the first serial number 1 note to show up on this Hardin County bank. This bank has produced only three auction appearances in the last dozen years, but the last time was way back in 1999.

14034

East Liverpool, OH - $1 Original Fr. 382 The First NB Ch. # 2146
A lovely serial number 1 Ace which is a mate to the serial number 1 example we sold from here in 2003 which realized over $16,000. Unlike that piece, which had some handling but was uncirculated, this piece has three folds, although the bright and vibrant appearance of the note indicates storage rather than circulation as the cause. It's one of just seven serial number 1 aces known from Ohio, and one of the finest in grade as well. Accompanying this lot is a letter with the printed return address of Cornelius P. Kitchel of New York. Scribed in ink, "First banknote issued by First National Bank of East Liverpool, Ohio." The next inscription in pencil is not as legible but starts with, "FD. Kitchel Cashier." Extremely Fine.

14035

Fremont, OH - $10 1902 Plain Back Fr. 624 The First NB Ch. # (M)5
A very pretty large example from this much in demand low charter bank. Bright Very Fine-Extremely Fine, with clear signatures of Wm. A. Gabel and Chas. G. Wilson.

14036

Fremont, OH - $10 1929 Ty. 2 The First NB Ch. # 5
This attractive note is wholly original and boasts two low numbers, serial number 16 and charter number 5. Very Fine.

14037

Lima, OH - $20 1902 Red Seal Fr. 641 The Old NB Ch. # (M)8701
This becomes the first reported Red Seal for this bank. Despite the various faults noticed it still remains a collectible example. Good-Very Good.

14038

Marietta, OH - $10 1902 Plain Back Fr. 624 The First NB Ch. # (M)142
A most attractive note that is very close to the full gem grade. Choice Crisp Uncirculated, with bold printing and good signatures, last sold by CAA in 1998.

14039

Massillon, OH - $100 1902 Date Back Fr. 692 The Merchants NB Ch. # (M)4286
The signatures have long since faded on this attractive Ohio high denomination. PMG Very Fine 25.

14040

Mount Sterling, OH - $5 1902 Plain Back Fr. 607 The First NB Ch. # 5382
Solid, ornate signatures adorn the bottom of this pleasing, mid-grade issue. Very Fine.

14041

Piketon, OH - $20 1902 Plain Back Fr. 650 Piketon NB Ch. # 7039
A nice large example from this one bank Pike County community. Pen signed Very Fine, ex-lot 2340 from our January, 1999 sale.

14042

Smithfield, OH - $10 1902 Red Seal Fr. 613 The First NB Ch. # (M)501
With the only other Red Seal enumerated in census data being a $20, this is the first $10 reported. Though heavily circulated, the signatures are still legible. A bit of staining affects the back of the note. Very Good-Fine.

14043

South Charleston, OH - $5 Original Fr. 394 The First NB Ch. # 171
This is a very scarce note from a bank which is one of just two chartered here, with both issuing First Charter examples only. Though this bank closed in 1877, it is actually the more "common" of the pair, with the census showing a handful of examples. This piece, which bears the blue Treasury numbers indicating it was part of the first issue of Nationals, has been encapsulated and graded as Fine 12 by CGA.

14044

Tiffin, OH - $10 1902 Plain Back Fr. 624 The Commercial NB Ch. # 7795
The tight trim at top and light handling at right have resulted in a grade of PCGS New 62PPQ. The purple stamped signatures remain quite legible.

14045

Tiffin, OH - $20 1902 Plain Back Fr. 650 The Commercial NB Ch. # 7795
A lone bend to the right of center accounts for the grade. This piece is otherwise wholly original with bright paper and deep embossing. Choice About Uncirculated.
From The Walla Walla Collection

14046

Toledo, OH - $1 Original Fr. 380 The Northern NB Ch. # 809
Embossing of the bank title is fully visible on the back of the note. Full margins, a cherry red seal and charter numbers, and fresh, original paper add to the overall eye appeal. Very Fine-Extremely Fine.

14047

Urbana, OH - $5 1902 Plain Back Fr. 602 The NB of Urbana Ch. # (M)4805
A bright Extremely Fine-About Uncirculated with legibly stamped officers' signatures. This note is the highest grade of any of the seven $5 Plain Backs documented in the census.

14048

Warren, OH - $10 1902 Red Seal Fr. 613 The Union NB Ch. # (M)6353
Red Seals are quite elusive from this institution, which has had no auction appearances in over 15 years. Low serial number 204 is seen along with great pen signatures. The only flaw is the red crayon that has been applied to "enhance" the charter number and geographic letter designation. Very Fine+.

14049

Youngstown, OH - $5 1902 Red Seal Fr. 587 The First NB Ch. # (M)2693
Thick engraved signatures of M.E. Dennison and H.M. Garliek stand out perfectly against the bright paper. Additionally, the red overprint is sufficiently bold. Very Fine.

14050

Anadarko, OK - $10 1882 Date Back Fr. 546 The First NB Ch. # (W)5905
While this note is hardly a thing of beauty, it is certainly rare, being one of just three large examples of all types listed in the census from here. There are a few small pieces missing from the margins, along with more than a little staining, but the note is otherwise sound and offers at least an opportunity for collectors to add a large note from this rare issuer to their holdings. Very Good.

14051

Blackwell, OK - $10 1929 Ty. 1 The First NB Ch. # 5460
An attractive and evenly circulated example from the only issuer of Series 1929 notes in this Kay County location. Pleasing Fine-Very Fine.

14052

Blanchard, OK - $10 1929 Ty. 1 The First NB Ch. # 8702
A problem free small example from the sole issuer in this rural central Oklahoma community. Fine-Very Fine or a bit better, and tied with one other note for the finest reported Series 1929 note from this location.

14053

Boynton, OK - $20 1929 Ty. 1 The First NB Ch. # 6511
A pleasing Fine-Very Fine example which is a bit nicer than the note from here which realized $920 in our last sale.

14054

Calvin, OK - $10 1929 Ty. 1 The First NB Ch. # 6980
This tiny Hughes County community had three issuing banks, two of which lasted only long enough to issue large size notes, with this institution, the first and longest lived, staying alive to issue Series 1929 examples before liquidating in early 1934. Small notes from here are considerably scarcer than are large, with this piece one of just three reported to date. Expect to see bidding for this Fine specimen easily reach or even exceed...

14055

Cleveland, OK - $10 1929 Ty. 1 The First NB Ch. # 5911
A nice Very Fine example from the senior of Cleveland's two issuing banks.

14056

Custer City, OK - $10 1929 Ty. 1 The First NB Ch. # 8727
A decent small example from this always popular Custer County location. Fine+.

14057

Dewey, OK - $20 1929 Ty. 2 The First NB Ch. # 8270
A by no means common example which is actually one of the nicer Series 1929 examples reported from here. Fine+.

14058

Durant, OK - $10 1902 Plain Back Fr. 632 The First NB Ch. # (W)5129
A considerably above average large example from this bank. Nice Very Fine.

14059

Edmond, OK - $10 1929 Ty. 1 The First NB Ch. # 6156
This Series 1929 specimen is listed as the finest reported from here in the new Kelly census. Fine+, with signatures of W.H. Patton and W.S. Patton.

14060

El Reno, OK - $10 1902 Plain Back Fr. 634 The Citizens NB Ch. # (W)5985
A very common bank in small, but one which is not terribly easy to find in large. It has been almost ten years since any 1902 Blue Seal from here has been available at public sale according to Track and Price. Very Good+.

14061

Eufaula, OK - $5 1882 Brown Back Fr. 477 The First NB Ch. # (W)5902
At first glance this Oklahoma territorial looks quite attractive and crisp. Bold pen signatures remain intact, but as your eyes are drawn to the portrait area, there is a realization that something is not right, as a portion of the portrait has been cut out and replaced with a piece from another note. This is one of five Territorials known from this bank. With no repair this note is surely worth almost $10,000. The majority of the note grades XF, but a net grade would be around Fine considering the repair. Sold this evening without estimate and without a return privilege.

14062

Frederick, OK - $20 1929 Ty. 1 The First NB Ch. # 8140
Well circulated but quite scarce, with this new to the census example only the fifth Series 1929 specimen reported from here. Very Good.

14063

Haskell, OK - $10 1902 Plain Back Fr. 628 The Haskell NB Ch. # (W)10160
The quality of the signatures on this note is amazing considering the amount of time it saw in the channels of western commerce. Very Good.

14064

Hennessey, OK - $20 1929 Ty. 1 The First NB Ch. # 5473
An evenly circulated piece from by far the scarcer of Hennessey's two small size issuers. Fine-Very Fine.

14065

Hominy, OK - $10 1929 Ty. 1 The First NB Ch. # 7927
A decent circulated example from the scarcer of Hominy's two Series 1929 issuers. A Very Fine-Extremely Fine small note from this bank realized $1265 in our Central States sale, leading us to believe this Fine specimen should easily reach or exceed...

14066

Marlow, OK - $10 1929 Ty. 1 The First NB Ch. # 12129
A crackling fresh example with full originality and bold embossing. Very Choice Crisp Uncirculated.

14067

Marlow, OK - $20 1929 Ty. 1 The First NB Ch. # 12129
A high grade example which is new save for a couple of corner folds. About Uncirculated.

14068

Maysville, OK - $20 1929 Ty. 1 The First NB Ch. # 8999
This Garvin County example is as nice as any Series 1929 note from here in the Kelly census. Very Fine+, with just a bit of foxing at the side margins.

14069

Muskogee, OK - $20 1902 Plain Back Fr. 661 The Commercial NB Ch. # 12890
While small notes from this bank are quite common, large examples are certainly not, with the population from here standing at fewer than a dozen examples according to Track and Price. This new to the census specimen is as nice or nicer than any of the previously recorded pieces. Sharp Very Fine.

14070

Newkirk, OK - $10 1929 Ty. 2 The Eastman NB Ch. # 9011
A nice Type 2 example from this none too common Newkirk bank. Fine-Very Fine.

14071

Norman, OK - $10 1929 Ty. 1 The First NB Ch. # 5248
A nice evenly circulated example which is much superior to the vast majority of other small notes from here. Fine-Very Fine.

14072

Nowata, OK - $10 1929 Ty. 1 The Commercial NB Ch. # 9949
While large notes from this family operated bank are rather plentiful, Series 1929 examples are another matter entirely, with the census standing at just three such notes, including this specimen. About Fine, with even circulation.

14073

Oklahoma City, OK - $10 1882 Brown Back Fr. 490 The American NB Ch. # (W)5716

While this is not an especially rare bank, Territorial examples from here certainly fall into that category, with the Territorial census from this institution standing at just two pieces for many years. This newly discovered Territorial note brings that total to three. It is an evenly circulated piece with no flaws whatever, displaying good color for the grade and decent margins all around. With Territorial specimens from any Territory now routinely realizing well into the five figure range on the few occasions they are available, expect the hammer to fall on this Fine example in the area of...

14074

Oklahoma City, OK - $10 1902 Plain Back Fr. 626 The Security NB Ch. # (W)8472
A decent large example from the state capital. Fine-Very Fine.

14075

Oklahoma City, OK - $5 1902 Date Back Fr. 593 The Oklahoma Stock Yards NB Ch. # (W)9856
Third Charter Date Backs only from this bank, with this piece one of just three extant from this bank which are not either serial number 1 or 2 examples. Very Fine.

14076

Pauls Valley, OK - $20 1929 Ty. 1 The First NB Ch. # 5091
A bright and fresh example which may well be the highest grade Series 1929 note known from this institution. Extremely Fine-About Uncirculated.

14077

Pawhuska, OK - $10 1929 Ty. 1 The First NB Ch. # 5961
A very scarce bank in small size, no doubt due to this institution's early exit as a victim of the Depression in March of 1931. Just four Series 1929 notes comprise the entire census from here, with this piece new to that listing. Fine.

14078

Pawhuska, OK - $10 1929 Ty. 1 The Citizens NB Ch. # 7883
Type one notes only from this scarcer Pawhuska bank in small size, with the banks issue limited to what was emitted before its doors closed forever in March of 1931. Track & Price shows only one offering of any Series 1929 example from here since 1993, with that example considerably inferior to this piece. Fine+.

14079

Pawhuska, OK - $10 1929 Ty. 1 The American NB Ch. # 8313
A very rare Pawhuska bank, with no large and just four small notes comprising the entire census. We've sold two examples in recent sales as two major Oklahoma collections have come to the market, with both pieces grading Fine and each realizing over $2500. This new to the market Very Good-Fine specimen is a tad less nice, but is still rare enough to see bidding rise to the level of...

14080

Pawhuska, OK - $10 1902 Plain Back Fr. 632 The Liberty NB Ch. # 11314
Large notes only from this Pawhuska bank, with this piece among the eight reported. Fine, with a paper clip stain that does detract a bit.

14081

Perry, OK - $20 1929 Ty. 1 The First NB Ch. # 6972
Type ones only from this small bank, which saw the receiver close its doors in April of 1934. Nice Fine-Very Fine.

14082

Perry, OK - $10 1929 Ty. 2 First NB Ch. # 14020
Charter 14000 aficionados will be interested in having a crack at this charter number. The bottom edge travels along the frame line, a small edge tear penetrates the upper frame line, while a few deft repairs are also noticed. This includes reattaching together the left and right halves of this note. Fine, repairs.

14083

Pond Creek, OK - $10 1902 Red Seal Fr. 613 The First NB Ch. # (W)6655
This is the most "common" bank in either the Oklahoma or Indian Territories for Red Seals, with eight examples in the census. Of course, that figure should also take into account that the entire census for both Oklahoma and Indian Territory Red Seals still comes in at fewer than a hundred pieces for all denominations and banks combined. This is a very attractive specimen, with a vivid red overprint, good centering, and the pen signature of Assistant Cashier Naomi Wheatley, likely one of the very few females to have signed Territorial National Bank Notes. Sharp Fine-Very Fine.

14084

Ringling, OK - $10 1929 Ty. 1 The First NB Ch. # 10548
An attractive piece from the sole bank to issue in this small Jefferson County community. Fine+.

14085

Rush Springs, OK - $20 1929 Ty. 1 The First NB Ch. # 8336
With only one large example reported from this tiny one bank community, small notes are the only collectible option for Oklahoma collectors. Just five of those are known, with this one of that select group. We've sold two of the five pieces in recent months, with each very similar in grade to this specimen. Both realized an identical $2530, which is likely the area this note will wind up in as well. Nice Fine-Very Fine.

14086

Sayre, OK - $10 1929 Ty. 1 The First NB Ch. # 9959
A scarce bank in small size, with this by far the nicest example of the six listed in the census. Bright Very Fine, with signatures of J.L. Thurmond and C.K. Thurmond.

14087

Seiling, OK - $20 1929 Ty. 1 The First NB Ch. # 8615
A scarcer note from a one bank community in rural Dewey County. Fine, with a bit of light soiling.

14088

Seminole, OK - $20 1929 Ty. 1 The First NB Ch. # 9514
A tougher small note bearing low serial number B000003A. Very Good.

14089

Tahlequah, OK - $10 1902 Plain Back Fr. 633 The First NB Ch. # 5478
A tougher bank in large size, with this one of just eight such examples reported. We sold this piece back in May of 2003, when it realized $402.50. Expect it to bring somewhat more this evening. Very Good.

14090

Tahlequah, OK - $10 1929 Ty. 1 The First NB Ch. # 5478
A nice companion to the large note from here offered above. Very Fine, with a couple of tiny spots which affect little.

14091

Thomas, OK - $10 1929 Ty. 1 The First NB Ch. # 7278
Although a fair number of notes from this bank are listed in the Kelly census, relatively few have been offered through the years. Fine+, and likely to bring considerably in excess of the $400 premium listed in Kelly.

14092

Washington, OK - $10 1929 Ty. 1 The First NB Ch. # 10277
This bank was the sole issuer in this small community. The Fine example we offer here would likely grade higher but for staining present.

14093

Waukomis, OK - $10 1929 Ty. 1 The Waukomis NB Ch. # 10227
This was the only type and denomination issued by this very scarce bank in small size. Offerings of any kind from here have been very infrequent, with our records showing on two appearances of any Series 1929 examples from this institution in the past two decades. This note bears the signatures of John R. Camp as both Cashier and President, a Depression-era money saving device employed by a small number of banks. Very Good-Fine.

14094

Wetumka, OK - $10 1929 Ty. 1 The American NB Ch. # 7724
The census stands at a scant 1 large and 8 small for this Hughes County bank that was managed by D.G. and E.S. Hall. We sold a grade and a half better note with pinholes on this bank earlier this year for $1150. This bright Very Good should receive bids in the range of...

14095

Wynnewood, OK - $20 1929 Ty. 1 The First NB Ch. # 5126
A nice example from this by no means common bank. Fine-Very Fine.

14096

Yukon, OK - $10 1929 Ty. 1 The First NB Ch. # 6159
A decent small example from what is considerably the scarcer of Yukon's two issuers, with just a half dozen Series 1929 examples making up the entire census in small size. Fine.

14097

Baker, OR - $50 1902 Plain Back Fr. 675 The First NB Ch. # (P)2865
This note, which is new to the census, is the sheet mate to the $100 from here which sold for $7475 three years ago. Like the $100, it is an attractive high denomination example, grading a sharp Very Fine, with bright inks, good paper quality, and exceptionally vivid deep purple signatures. Hundreds from this state are somewhat scarcer than fifties, so we think that a $7500 realization here is unlikely, but it would not surprise us at all to see a winning bid in the area of...

14098

Baker, OR - $5 1929 Ty. 2 The First NB Ch. # 2865
Type 1s outnumber Type 2s on this bank in the census by six to one. The last time a Type 2 on this charter number went under the gavel was in 1999. Also, each of these notes exhibit a different president. Both notes grade Fine with the $10 also having an approximate quarter inch left edge tear.

14099

Baker, OR - $10 1929 Ty. 1 The First NB Ch. # 2865
This bright $10 has original surfaces. The cashier is different on this note than on the two Type 1 notes from this charter number that we offered earlier in this auction. Very Fine.

14100

Corvallis, OR - $10 1882 Brown Back Fr. 484 The First NB Ch. # (P)4301
Although this bank is often seen in small size, large notes from this institution are just plain rare, with the census standing at just six pieces, including this attractive Brown Back. Just two Brown Backs are known from here, with the other known example, in exactly the same grade as the note offered tonight, selling for $9200 when auctioned last year. Pen signed Fine-Very Fine, with a couple of tiny ink marks on the back mentioned solely for the sake of total accuracy in cataloguing.

14101

Enterprise, OR - $20 1929 Ty. 2 The Wallowa NB Ch. # 3912
A tough note from this small town in the far northeastern corner of the state. Nice Fine-Very Fine.

14102

Eugene, OR - $10 1929 Ty. 1 The United States NB Ch. # 10345
A much above average example from this sought after "Forbidden Title" bank. Extremely Fine.
From The Walla Walla Collection

14103

Grant's Pass, OR - $20 1929 Ty. 1 The First NB of Southern Oregon Ch. # 4168
A great town name adorns this scarce note from the only issuing national bank in town. Fine-Very Fine.

14104

Hood River, OR - $20 1929 Ty. 1 The First NB Ch. # 7272
Original paper surfaces and prominent bank title embossing are traits of this attractive mid-grade $20. Very Fine.

14105

La Grande, OR - $20 1902 Plain Back Fr. 652 The La Grande NB Ch. # 3655
There is not a note recorded in the census for this charter number with a higher grade. PMG Choice About Uncirculated 55 EPQ.

14106

La Grande, OR - $20 1902 Plain Back Fr. 652 The La Grande NB Ch. # (P)3655
The purple stamped signatures have faded almost away on this Very Good $20.

14107

La Grande, OR - $20 1929 Ty. 1 The La Grande NB Ch. # 3655
This is an evenly circulated mid-grade $20 from this Union County community. This bank is much scarcer in small size than in large. Fine.

14108

La Grande, OR - $20 1929 Ty. 1 The United States NB Ch. # 9314
A scarcer bank in small size than large, and one which bears a "Forbidden Title" as well. Fine.

14109

La Grande, OR - $5 1929 Ty. 2 The First NB Ch. # 13602
A very scarce bank with only one auction offering since 1990. The census shows three uncut sheets, one of which has now been cut, with this is the first note from that sheet we have seen for sale. PMG has graded this serial number A000004 example About Uncirculated 55 EPQ, a grade which certainly appears conservative.

14110

Newberg, OR - $10 1902 Date Back Fr. 616 The First NB Ch. # (P)7537
An extremely rare Newberg bank with just three notes making up the entire large census. This attractive example is new to that listing, and is the only $10 Date Back reported to date. It's also the nicest of the four large notes extant from here as well. Pen signed Fine-Very Fine.

14111

Pendleton, OR - $20 1929 Ty. 1 The First Inland NB Ch. # 13576
Save for one serial number 1 sheet that has now been cut, single notes from this short lived bank are both scarce and almost always low to medium grade. This piece, offered here for the first time at public sale, is a happy exception. Extremely Fine-About Uncirculated.
From The Walla Walla Collection

14112

Portland, OR - $5 1902 Plain Back Fr. 601 The United States NB Ch. # 4514
This is an example of Portland's popular forbidden title bank. Technically there are three folds on this Extremely Fine-About Uncirculated issue, but only the center fold is readily apparent. On the back, there are remnants of a stamp hinge, but it is only visible under close inspection.

14113

Union, OR - $20 1929 Ty. 1 The First NB Ch. # 2947
A very scarce note from the only collectible bank in this small NE Oregon community. Notes from here are seldom offered, with the population of Series 1929 examples actually a tad below that of large size specimens. Fine+.

14114

Allegheny, PA - $10 1875 Fr. 420 The Third NB Ch. # 2235
A very scarce Allegheny County issuer with but three large known in the Kelly census. This becomes the first First Charter $10 reported. Though well circulated, it is mostly intact with strong pen signatures remaining. Good+.

14115

Arnold, PA - $50 1902 Plain Back Fr. 683 The Arnold NB Ch. # 11896
Just four large notes are reported from this Westmoreland County bank, three of which bear the first title used here. This is one of that trio, and one of only two large fifties known from this small community. Very Good+.

14116

Atglen, PA - $10 1902 Plain Back Fr. 624 The Atglen NB Ch. # 7056
This small town is one of the more obscure locations in well collected Chester County, and offers a nice way to start off this offering of notes from this sought after location. Most of the notes in this collection were accumulated in from 1975 through 1990, and have been off the market since they became part of this collection. This piece is new to the census, which lists just seven large examples extant from here, with no appearances in large, according to Track and Price, in almost ten years. Evenly circulated Fine, with the clear pen signature of female Ass't. Cashier Louise L. Hastings as an added bonus.

14117

Avondale, PA - $10 1882 Date Back Fr. 540 The NB of Avondale Ch. # (E)4560
Just five large notes are known from this Chester County bank, the sole issuer in Avondale. This is the only early note known, and is the finest note in the census from this bank as well. Track and Price lists only one large example of any kind sold from here in the past dozen years, making this better Chester County example even more desirable. Nice Very Fine.

14118

Berwyn, PA - $20 1902 Plain Back Fr. 652 The Berwyn NB Ch. # 3945
This is an extremely rare bank in large size, with just five such examples in the census. All have been tightly held for years, with only one offering of any large example from here during the past twenty years, with that one appearance coming over five years ago. This piece is both new to the census and the only reported $20 example of any type. Nice Fine+++.

14119

Bethlehem, PA - $20 1929 Ty. 1 The First NB Ch. # 138
The attractiveness of this $20 indicates that the staff of this bank took great pride in their sheet cutting duties. Choice Crisp Uncirculated.

14120

Biglerville, PA - $20 1902 Plain Back Fr. 651 The Biglerville NB Ch. # (E)7917
This high grade $10 will raise the population to 8 Large for this charter that had a low LSO (Large Size Outstanding) of only $2,370 in 1935. The signatures of R.B. Thompson and C.L. Longsdorf are in two different color inks with one a stamp and the other in blue pen. Most likely condition census for the bank as the majority of surviving examples are circulated. PMG Choice Uncirculated 63 EPQ.
From The Warren Marshall Collection

14121

Blue Ball, PA - $10 1929 Ty. 2 The Blue Ball NB Ch. # 8421
A nice Type 2 example from this much sought after location, possessor of one of the great names in Nationals. Nice Fine+.

14122

Bristol, PA - $10 1929 Ty. 2 The Farmers NB of Bucks County Ch. # 717
Just five $10 notes are enumerated in the Kelly census. This new addition presents itself well. PMG Choice Uncirculated 64.

14123

Brookville, PA - $50 1929 Ty. 1 The NB of Brookville Ch. # 3051
Broad margins and bright paper add to the eye appeal. CGA Extremely Fine 40.

14124

Brookville, PA - $100 1929 Ty. 1 The NB of Brookville Ch. # 3051
A hard corner tip fold is the only handling noticed on this well embossed C-note. PMG About Uncirculated 55.

14125

Carrolltown, PA - $5 1882 Value Back Fr. 574 The First NB Ch. # (E)5855
While small notes from this one bank Cambria County location are often available, large notes from this location are another story entirely, with just five such examples, all relatively low grade, listed in the census. This newly discovered Value Back now becomes easily the nicest large note known from here, grading Very Fine. Expect to see bids reach or exceed...
From The Walla Walla Collection

14126

Catasauqua, PA - $20 1875 Fr. 431 The NB of Catasauqua Ch. # 1411
We have long argued that First Charter twenties in all grades were one of the most undervalued of the National types, and, at long last, the market seems to agree, with examples selling for considerably higher figures in recent offerings. Once again, the Green Sheet is hopelessly behind the market here, as it is on so many of the scarcer National types, which would serve as a great purchasing aid if only the notes were available for sale. Serious bidders will relegate the "Sheet" to birdcage liner before entering a bid here. Nice Fine+++.

14127

Claysville, PA - $5 1929 Ty. 2 The NB of Claysville Ch. # 4255
This near consecutive trio features pleasing paper and bold embossing. Two of the notes however have been netted due to flecks of rust that are mostly confined to the design. Regardless, these are the finest notes known from the bank and grade: PMG Net Choice Uncirculated 64, PMG Choice Uncirculated 63 EPQ, and PMG Net Choice About Unc 58.

14128

Clearfield, PA - $1 Original Fr. 380 The First NB Ch. # 768
There are a few small areas of damage, but this piece, from a scarcer Clearfield bank, is hardly uncollectible. Good-Very Good.
From The Walla Walla Collection

14129

Clearfield, PA - $5 1875 Fr. 402 The First NB Ch. # 768
A nice First Charter example from a bank which issued First Charters and Brown Backs only before exiting in 1891. Fine-Very Fine, with plenty of eye appeal and no flaws whatever for the grade.
From The Walla Walla Collection

14130

Clearfield, PA - $5 1882 Date Back Fr. 533 The Clearfield NB Ch. # (E)4836
A scarcer early note from a tougher Clearfield bank, with this new to the census piece only the fourth Series 1882 example reported from here to date. Very Good-Fine, with clear blue signatures.
From The Walla Walla Collection

14131

Clearfield, PA - $5 1902 Date Back Fr. 592 The Farmers & Traders NB Ch. # (E)8464
Red Seals and Date Backs only from this bank, with this the first $5 Date Back to emerge. Fine.
From The Walla Walla Collection

14132

Clearfield, PA - $10 1902 Red Seal Fr. 615 The Farmers & Traders NB Ch. # (E)8464
My, how population figures can change. With the discovery of this hitherto long forgotten collection, the population from this formerly excessively rare and quite short lived bank has increased by 100%, jumping from two to four notes. Pen signed Very Fine.
From The Walla Walla Collection

14133

Clearfield, PA - $10 1929 Ty. 2 The County NB Ch. # 13998
A lovely example bearing low serial number A000007. Gem Crisp Uncirculated.
From The Walla Walla Collection

14134

Clintonville, PA - $20 1929 Ty. 1 The Peoples NB Ch. # 9154
A very scarce Venango County bank with just one large and eight small notes known. Track and Price shows no auction appearances of any note from this bank during the past twenty years. Fine-Very Fine.

14135

Coaldale, PA - $10 1902 Plain Back Fr. 627 The First NB Ch. # 9739
Small size notes appear from this bank with great regularity, but Track & Price only lists one large size note available from Coaldale in over 15 years. Purple stamped signatures appear strong on the surface of this crisp, bright Very Fine+ note.

14136

Coatesville, PA - $10 1882 Brown Back Fr. 480 The NB of Chester Valley Ch. # 575
Large notes only from this Coatesville bank, with this the sole Brown Back known. It carries a most interesting title layout with the words "Chester Valley" in the tombstone and with the town designation totally missing. Our consignor has owned this note since its last appearance at public sale, which came in the July, 1975 Kagin auction at the Metropolitan Washington Numismatic Association convention. Pen signed Fine-Very Fine, a premium Chester County example.

14137

Coatesville, PA - $20 1902 Plain Back Fr. 650 The NB of Chester Valley Ch. # (E)575
A decent circulated example which is only the second $20 Plain back reported from here. Very Good-Fine.

14138

Coatesville, PA - $50 1902 Date Back Fr. 669 The NB of Coatesville Ch. # (E)3990
A beautiful example which is one of the crown jewels of this Chester County collection. It is one of only six large examples recorded from this institution, which elected to issue high denomination examples only in both large and small size, and the finest of that small group by at least one full grade. Pen signed About Uncirculated, ex Kagin's 1977 ANA sale, lot 4160, where it was graded CU.

14139

Coatesville, PA - $100 1902 Plain Back Fr. 700 The NB of Coatesville Ch. # 3990
This hundred is new to the census, and, although somewhat lower grade, makes a worthy companion to the $50 Date Back offered above. Issued just a few years later than the example above, it displays two completely different officers' signatures. According to Track and Price, this listing marks the first time in over seven years that collectors have had the opportunity to obtain even one large example from Coatesville, let alone two. Fine+.

14140

Coatesville, PA - $50 1929 Ty. 1 The NB of Coatesville Ch. # 3990
An evenly circulated small example which is also new to the census, which numbers only ten pieces in small size. Pleasing Fine-Very Fine.

14141

Coatesville, PA - $100 1929 Ty. 1 The NB of Coatesville Ch. # 3990
Just four Series 1929 hundreds are listed in the census from here, with this a new entrant to that small group. Our consignor could not date this acquisition, but it clearly dates to the 1970's, as the holder bears a circled price of $225. it's easily the nicest small note we've ever seen from this community, grading About Uncirculated and boasting loads of original embossing along with superior paper quality. Expect bidding to easily reach or exceed...

14142

Connellsville, PA - $20 1902 Plain Back Fr. 653 The Second NB Ch. # 4481
A decent large example from this western Pennsylvania bank. Fine, with good signatures.

14143

Corry, PA - $1 1875 Fr. 383 The First NB Ch. # 605
Examples from this Erie County locale are prohibitively rare. A few weak areas in the paper and some paper clip marks attest to its use in commerce. This now brings the total to five notes known from this bank, whose issue was large size only. Very Good.

14144

Danville, PA - $10 1875 Fr. 416 The Danville NB Ch. # 1078
Back in Memphis, June 1995 this note was auctioned by CAA, where the description read, "Good, taped, tears." It hasn't changed.

14145

Denver, PA - $20 1902 Plain Back Fr. 660 The Denver NB Ch. # 6037
While Series 1929 notes from this Lancaster County bank exist in abundance, large examples are another matter entirely, with the census showing fewer than ten examples of all types. This attractive specimen is as nice as any we can remember seeing. Bright Very Fine-Extremely Fine, with bold black signatures.

14146

Denver, PA - $10 1929 Ty. 1 The Denver NB Ch. # 6037
Bright, fresh, and better centered than many of the notes from this hoard. Crisp Uncirculated, with a minor corner bend that affects nothing. It came to us in an old A&A Coins holder marked $35, giving some idea of when it was purchased by our consignor.

14147

Downingtown, PA - $5 1902 Plain Back Fr. 598 The Downingtown NB Ch. # 661
A crackling fresh example with bright white paper and the appearance of an uncirculated specimen until carefully examined. Extremely Fine.

14148

Downingtown, PA - $10 1902 Plain Back Fr. 626 The Grange NB of Chester County Ch. # 8646
A scarce Downingtown bank with just eight large examples in the census. Track and Price shows no large notes from here selling at auction since 2000. Fine-Very Fine, with a bit of soil on the front.

14149

Duncannon, PA - $10 1902 Plain Back Fr. 626 The Duncannon NB Ch. # 4142
A gorgeous note from a small run of uncirculated examples. Choice Crisp Uncirculated, a fully original piece with exceptionally eye catching two color signatures.

14150

Ellsworth, PA - $5 1902 Red Seal Fr. 587 NB of Ellsworth Ch. # (E)6929
A lovely serial number 2 Red Seal with a great title layout as a bonus. This pen signed beauty has been assigned a grade of Choice About New 58 by PCGS, a grade it well appears to have earned. Note the pen signature of James W. Ellsworth as President.

14151

Evans City, PA - $20 1929 Ty. 1 The Citizens NB Ch. # 8854
A just plain rare bank with a total census population of two large and five small notes, including this example, which is considerably the nicest of the bunch. Bright Very Fine, ex-CAA's June 1994 Memphis sale.

14152

Exchange, PA - $10 1902 Plain Back Fr. 626 The Farmers NB Ch. # 8410
This is a very scarce bank in large size, with the census documenting seven notes including this $10. About Fine, with sharp blue pen signatures of J.F. Ellis and J.L. Brannon.

14153

Gap, PA - $10 1902 Plain Back Fr. 624 The Gap NB Ch. # 2864
This institution, from a small town in well collected Lancaster County, may have one of the largest spreads between small and large census totals in the entire country. Over 100 Series 1929 examples have been recorded, the vast majority of them uncirculated, against just four large notes, a particularly telling figure considering that this county has been a hotbed of National collecting since the 1960's. Problem free Very Good-Fine, with sharp pen signatures.

14154

Goldsboro, PA - $20 1929 Ty. 1 The First NB Ch. # 9072
This is a great note on this rare York County bank. It increases the population for charter number 9072 from two to three. The last appearance this bank made in small size was when the two previously documented notes went under the gavel at the same auction in August 1976. Thirty-one years later, they are still in the woodwork. Luckily this note has decided to make its auction debut. Fine.

14155

Green Lane, PA - $5 1929 Ty. 2 The First NB Ch. # 14214
A high grade example from this scarce 14000 charter Montgomery County bank. Bright Extremely Fine.
From The Thomas A. Bergin Collection

14156

Greensburg, PA - $10 1882 Brown Back Fr. 490 The First NB Ch. # (E)2558
This Vice Presidentially signed $10 Brown Back is the only Brown Back known from here and joins nine other large notes in the census. It is an aesthetically appealing Very Fine with especially vivid officers' signatures and is free from any distractions inconsistent with the assigned grade. Brown Backs seem to retain their eye appeal to a greater extent than other types regardless of their degree of circulation and this note is no exception, appearing far nicer than its purely technical grade might imply. A couple of unobtrusive margin splits at top are mentioned purely for the sake of accuracy and can hardly be regarded as detracting. Very Fine.

14157

Greensburg, PA - $5 1929 Ty. 2 First NB Ch. # 14055
Although not a really rare bank, this 14000 charter example is right up there with the nicest reported example from here. Extremely Fine.
From The Thomas A. Bergin Collection

14158

Hershey, PA - $5 1929 Ty. 2 The Hershey NB Ch. # 12688
A fresh and fully original example from America's chocolate capital. Note the signature of the bank's President, Ezra F. Hershey. Choice Crisp Uncirculated, a gem but for some very light handling on the right end.

14159

Honeybrook, PA - $10 1882 Brown Back Fr. 483 The First NB Ch. # (E)1676
A very rare early example from this Chester County bank. While Third Charter notes do occasionally turn up from here, anything prior to that constitutes a major rarity from this one bank community, as no First Charters are known and only one other Brown Back has been recorded to date. That note appears to have been closely held for many years, as we have no record of its ever being offered at public sale. This specimen is a real winner, with good color, body, and signatures. Fine-Very Fine, with the only flaw a slightly close top margin.

14160

Honeybrook, PA - $10 1902 Plain Back Fr. 626 The First NB Ch. # 1676
A nice Blue Seal from this sought after Chester County issuer. Nice Very Fine.

14161

Jerome, PA - $5 1902 Plain Back Fr. 608 The First NB Ch. # 12029
A very rare Somerset County bank, with this by far the nicer of the two reported large size examples. A miniscule $520 was outstanding from here at the bank's close in early 1935, so few other large notes can be expected to surface. Very Fine, with sea green signatures.

14162

Johnstown, PA - $50 1929 Ty. 1 The United States NB Ch. # 5913
This bank was chartered in 1901, twelve years after the infamous Johnstown Flood. This bank voluntary liquidated on June 25, 1934 and was succeeded by charter number 13781. These are the only two charter numbers in Pennsylvania with a "forbidden bank title." This $50 is an attractive Very Fine-Extremely Fine note that still possesses some serial number embossing.

14163

Kennett Square, PA - $20 1882 Date Back Fr. 555 The NB of Kennett Square Ch. # (E)2526
An attractive piece which is one of only a handful of early examples available from this one bank Chester County location. Bright Extremely Fine, a winner of a note that has been off the market for the better part of three decades.

14164

Kennett Square, PA - $10 1929 Ty. 1 NB & TC Ch. # 2526
An always popular note from the Chester County community which bills itself as the "mushroom capital of America." Nice Fine-Very Fine.

14165

Lake Ariel, PA - $10 1902 Plain Back Fr. 627 The First NB Ch. # (E)9886
A very scarce Northeastern Pennsylvania note, with the census showing just six large examples. This example is nicer than the last note from here we had to offer, which realized $977.50 one year ago. About Fine.

14166

Malvern, PA - $5 1902 Red Seal Fr. 587 The NB of Malvern Ch. # (E)3147
This is one of only two Red Seals known from this avidly collected Chester County location, and by a huge margin the nicer of the pair. It has been off the market in the hands of our consignor since it was obtained privately twenty years ago, and is new to the census, having never previously been offered at public sale to the numismatic fraternity. Pen signed Fine-Very Fine, a significant rarity likely to see bidding reach or exceed...

14167

Malvern, PA - $5 1902 Plain Back Fr. 598 The NB of Malvern Ch. # (E)3147
A Blue Seal to go with the Red Seal offered above. Very Good.

14168

McKeesport, PA - $5 1882 Date Back Fr. 534 The First NB Ch. # (E)2222
This $5 Second Charter Date Back is the only example of its type and denomination listed in the census from this bank. About Fine, bright for the grade and problem free as well.

14169

McKeesport, PA - $5 1929 Ty. 1 The First NB Ch. # 2222 Uncut Strip of Three
An uncut strip of three serial number 1 examples. Each note grades About Uncirculated, with a couple of flyspecks evident at the margins of each piece. Since no full uncut sheets are known from here, this strip of three will have to suffice.

14170

McKeesport, PA - $20 1929 Ty. 2 The Union NB Ch. # 13967
A very scarce late charter McKeesport issuer. The census shows just five example extant from here, and Track and Price discloses a meager two offerings of any kind during the past fifteen years. Nice Fine-Very Fine.

14171

Middleburgh, PA - $10 1929 Ty. 2 The First NB Ch. # 4156
Five consecutive examples are featured in this lot which is missing the first note to complete the sheet. Solid even margins and bright colors assisted in garnering the grades assigned. 2 choice notes and 3 gem notes are noticed. CGA Choice Uncirculated 64 (2), Gem Uncirculated 65 (2), and Gem Uncirculated 66.

14172

Mount Jewett, PA - $10 1902 Plain Back Fr. 624 The Mount Jewett NB Ch. # (E)7473
A tough McKean County bank with just five large notes listed in the Kelly census. Very Fine, with visible pen signatures.

14173

New Bloomfield, PA - $5 1882 Value Back Fr. 574 The First NB Ch. # (E)5133
A truly lovely example of this very scarce type which is ensconced in a PCGS Gem New 66PPQ holder. We do not know how many Gem New 66PPQ $5 Value Backs PCGS has certified to date, but, based on our forty years of experience, would place a serious wager on "very few." (PMG has not graded even one example of this type higher than Very Choice 64.) The geniuses who value items for the Green Sheet price $5 Value Backs in Superb Gem 67 (!) at $3450, a price at which your cataloguer stands ready to buy any and all which holders of these items are foolish enough to offer us at this figure. (The Sheet also values $10 Value Backs in the same grade, a type which is 50% more common than $5 Value Backs in all grades and at least five times as common in CU, at $5500, an utterly inexplicable difference made for reasons known only to the anonymous price gurus whose collective ignorance is put on display monthly for all to enjoy.) If real rarity and desirability are the factors they will likely be for this item, throw away the Green Sheet and expect a realization in the range of...

14174

New Holland, PA - $10 1902 Plain Back Fr. 633 The New Holland NB Ch. # 2530
A pleasing Fine example from this none too common Lancaster county bank.

14175

New Holland, PA - $10 1929 Ty. 2 The Farmers NB & TC Ch. # 8499
A decent grade small example from New Holland's other issuer. Fine-Very Fine.

14176

Newville, PA - $20 1882 Brown Back Fr. 493 The First NB Ch. # 60
An extremely scarce early note from this much in demand low charter bank. This piece, which is new to the census, is the only $20 Brown Back reported to date. Nice Very Fine, with bold pen signatures, a real winner of a note.

14177

Newville, PA - $10 1902 Plain Back Fr. 626 The Farmers NB Ch. # 9588
An extremely rare Cumberland County bank, with this note one of only two large examples known from this small bank, which had all of $440 outstanding in 1935. Very Fine, and off the market since our consignor obtained it twenty years ago in a 1987 Hickman-Oakes sale.

14178

North Wales, PA - $20 1902 Plain Back Fr. 653 The North Wales NB Ch. # (E)4330
The last public auction appearance of a Large Size note from this issuer was in 2000. This piece is an eye appealing example with bright paper and remaining signatures. There is some bubbling of the paper from PVC exposure. Very Fine.

14179

Oxford, PA - $50 1882 Brown Back Fr. 508 The NB of Oxford Ch. # 728
Another highlight of the Chester County collection offered here tonight. This is one of only two early notes known from this bank, the first of two chartered here. Both examples are $50 Brown Backs, and both have been off the market for two decades or more. Bright Fine-Very Fine, a great opportunity for the many collectors of this county's notes to add a piece of real significance to their holdings.

14180

Oxford, PA - $5 1902 Plain Back Fr. 598 The NB of Oxford Ch. # 728
A nice high end example from this Chester County issuer. Very Fine.

14181

Oxford, PA - $10 1929 Ty. 2 The NB of Oxford Ch. # 728
A quick transition from the first type known from this bank to the last. Very Fine.

14182

Oxford, PA - $20 1902 Plain Back Fr. 650 The Farmers NB Ch. # 2906
This is by far the scarcer of Oxford's two issuers, with fewer than a dozen large examples reported to date. This new to the census example is both attractive and nicer than most examples seen from here. Fine-Very Fine, with clear pen signatures.

14183

Parkesburg, PA - $20 1875 Fr. 434 The Parkesburg NB Ch. # 2464
This attractive First Charter $20 is one of the key pieces in the wonderful Chester County collection offered in this sale. It is the only First Charter note known from this one bank Chester County location, and has never been offered at public sale prior to its appearance here this evening. Fortunately for collectors, it is a brightly colored evenly circulated Fine-Very Fine example with bold pen signatures, the President's that of Mr. Parke, for whom this small community took its name. With every collector of Chester County notes dreaming about the appearance of the two notes from here offered tonight, an estimate is mere conjecture, but it would come as no surprise if this truly rare piece well exceeded our likely conservative estimate of...

14184

Parkesburg, PA - $50 1882 Date Back Fr. 563 The Parkesburg NB Ch. # (E)2464
It is an extraordinary event when a bank which has gone without a single appearance of any kind at public sale for more than thirty years has two examples appear in the same sale. That is indeed the case here tonight. This note, however, is even more desirable than the one which precedes it, as it represents the sole $50 1882 Date Back known from any Chester County bank. Fortunately for collectors, this specimen is truly lovely, with bright colors, excellent paper quality, and bold pen signatures. If ever there was a Chester County trophy item, this is it. Expect to see some fireworks on this lot before the hammer falls this evening. Very Fine.

14185

Philadelphia, PA - $5 1875 Fr. 404 The Merchants NB Ch. # 2462
This is the first time a note from this bank has appeared in one of our Signature auctions. Strong pen signatures remain visible on this bright example. Graded PMG Very Fine 25.

14186

Philadelphia, PA - $20 1902 Date Back Fr. 643 The Southwestern NB Ch. # (E)3498
A just plain rare Philadelphia bank in large size, with just five examples comprising the entire census, likely because this bank stopped issuing after Third Charter Date Backs and redeemed its entire issue. This piece is new to the census, where it serves as the only $20 Date Back. Fine+++.

14187

Philadelphia, PA - $5 1882 Brown Back Fr. 469 The Fourth Street NB Ch. # 3557
The margins are sizeable on this colorful Brown Back. Fine.

14188

Phoenixville, PA - $5 1882 Brown Back Fr. 467 The NB of Phoenixville Ch. # 674
An exceptionally scarce Chester County bank, with this piece the only early note known from here. It has been off the market since our consignor obtained it in Kagin's July, 1975 Metropolitan Washington Numismatic Association sale, where it was lot 1406. It is an example with every attribute a collector could want, including a fancy early $5 Brown Back layout, bright colors, and grade high enough so that it appears Choice New at first glance. Extremely Fine-About Uncirculated, yet another exciting prize from this outstanding Chester County collection.

14189

Phoenixville, PA - $20 1902 Plain Back Fr. 650 The NB of Phoenixville Ch. # (E)674
A just plain scarce bank from which no large note has been available at public sale since 1994. Fine, with a couple of small chips out of the top margin and a tiny corner tip off.

14190

Phoenixville, PA - $5 1875 Fr. 404 The Farmers & Mechanics NB Ch. # 1936
Yet another Chester County rarity, with this new to the census example only the second First Charter of any denomination known from here. Well circulated but intact Very Good, with excellent color for the grade.

14191

Pittsburgh, PA - $100 1902 Date Back Fr. 689 The Farmers Deposit NB Ch. # (E)685
While hardly a rare bank, nice high denomination examples from here are very seldom offered. This bright piece with a deep blue overprint is certain to please. Very Fine-Extremely Fine, with a closely trimmed bottom margin which barely nicks the design on the left side of the note.

14192

Pittsburgh, PA - $10 1882 Date Back Fr. 542 The Duquesne NB Ch. # (E)2278
Solid margins are noted on this well embossed issue. The overall eye appeal is certainly worthy of the grade and the Exceptional Paper Quality moniker bestowed upon it by PMG. PMG Gem Uncirculated 65 EPQ.

14193

Pittsburgh, PA - $20 1882 Date Back Fr. 552 The Duquesne NB Ch. # (E)2278
The bottom margin is a bit close, but the originality here is complete and the embossing deep and easily evident. Crisp Uncirculated.

14194

Pittsburgh, PA - $10 1882 Brown Back Fr. 485 The NB of Western Pennsylvania Ch. # (E)4918
This example bears the first of the two titles used here. The last Brown Back from this bank we sold was in 2004, when a Fine went for $805. Very Good-Fine.

14195

Pittsburgh, PA - $100 1902 Date Back Fr. 695 Western NB Ch. # (E)4918
High denominations only from this Allegheny County issuer which issued under two titles, this being the second. A few pinholes are noticed at right on this otherwise bright example which is the nicest for its type we have recently seen. Very Fine-Extremely Fine.

14196

Pittsburgh, PA - $50 1882 Brown Back Fr. 518 The Bank of Pittsburgh, National Assoc Ch. # (E)5225
A pleasing high denomination Brown Back with great eye appeal makes its way into the census data for the first time. Less than 50 total examples of this elusive type are known on the state and 307 for the country. Fine-Very Fine with the only distraction being a little touch of margin roughness.

14197

Pittsburgh, PA - $5 1882 Value Back Fr. 574 The Bank of Pittsburgh NA Ch. # (E)5225
This high grade $5 Value Back makes a perfect type example, with great color, bold signatures, and better than average centering for a note of this type. About Uncirculated.
From The John Ameen Collection

14198

Pleasant Unity, PA - $5 1902 Plain Back Fr. 598 The Pleasant Unity NB Ch. # 6581
An evenly circulated and most attractive note from this uniquely named community. When this note was first offered at auction in 2005 it realized more than $3000 as it was the finest of only four known pieces. Since that time, no more pieces have surfaced and it remains the finest known. Fine-Very Fine.

14199

Quarryville, PA - $10 1929 Ty. 1 The Quarryville NB Ch. # 3067
A nice series 1929 example from Lancaster County. Fine-Very Fine.

14200

Reading, PA - $20 1902 Plain Back Fr. 650 The Penn NB Ch. # 2899
Only ten large size notes are known from this bank, with this being only the second of its type to surface. Fine-Very Fine.

14201

Rebersburg, PA - $5 1929 Ty. 1 The Rebersburg NB Ch. # 11789
This becomes the first $5 example reported from here, bringing the small size population up to ten total notes. Some embossing is still present though there is a slight wallet stain.

14202

Republic, PA - $20 1929 Ty. 1 The First NB Ch. # 10466
This is a newly reported piece from this scarce Fayette County bank. The only other issue from this bank that has been offered in the last ten years was a similarly graded issue that sold for $1725 early last year. We expect this PCGS Very Fine 25 to command as much attention.

14203

Rural Valley, PA - $20 1929 Ty. 1 The Rural Valley NB Ch. # 6083
This $20 with serial number 5 claims a great bank and town name. It has been close to ten years since we last had a small size note on this western Pennsylvania borough, not surprising since this note is one of a mere seven small in the census. Fine.

14204

Schwenksville, PA - $20 1929 Ty. 1 The NB of Schwenksville Ch. # 2142
The first title used here, and one which is quite rare on Series 1929 examples, where it appeared for less than two years. Only two such notes are enumerated in the census, with this Montgomery County example new to that listing. Fine-Very Fine, with the signatures of the town's namesakes, Edward B. Schwenk and Irwin S. Schwenk.

14205

Scranton, PA - $10 1902 Plain Back Fr. 624 The First NB Ch. # 77
Wonderful pen signatures are visible on this crisp note with some paper aging spots noticed. Crisp Uncirculated.

14206

Shenandoah, PA - $10 1929 Ty. 1 The Miners NB Ch. # 13619
This note from a bank with an occupational title has been graded PCGS Very Choice New 64PPQ.

14207

Shoemakersville, PA - $10 1929 Ty. 1 The First NB Ch. # 11841
The last time we auctioned a note on this charter number was over 12 years ago. This Fine example has a nice appearance and good color for the grade.

14208

Smethport, PA - $5 1902 Plain Back Fr. 600 The Grange NB of McKean County Ch. # (E)8591
A nice example from this "Grange" bank, one of a number of National Banks organized by local chapters of the National Grange, a nationwide farmers organization. Taking advantage of the lower capital requirements to organize banks enacted early in the twentieth century, a number of banks were chartered by agricultural interest to serve the needs of farmers that were allegedly not being met by already existing local banks. The agricultural depression of the 1920's was not kind to these institutions, and the few that survived the decade were soon laid waste by the Great Depression of the 1930's. Fine+.

14209

Spring City, PA - $10 1902 Plain Back Fr. 628 The NB of Spring City Ch. # (E)2018
A decent pen signed large example from this tougher Chester County issuer. Fine, with a bit of very light staining.

14210

Stoystown, PA - $20 1882 Brown Back Fr. 504 The First NB Ch. # (E)5682
A just plain rare Somerset County note, with just three Brown Backs from here listed in the census. Pen signed Fine-Very Fine.

14211

Susquehanna, PA - $10 1902 Plain Back Fr. 624 The City NB Ch. # (E)3144
This is a very scarce bank in large size, with just seven pieces making up the entire census. This example is new to that listing. Very Fine.

14212

Terre Hill, PA - $10 1902 Plain Back Fr. 626 The Terre Hill NB Ch. # (E)9316
The first of a pair of large notes from this just plain rare Lancaster County bank. This pen signed beauty has been off the market since our consignor obtained it fifteen years ago in our January, 1992 Orlando sale. Bright Very Fine+.

14213

Terre Hill, PA - $20 1902 Plain Back Fr. 652 The Terre Hill NB Ch. # 9316
A second large example, this lacking the regional letter but almost as nice in grade as the note offered above. Fine-Very Fine.

14214

Tionesta, PA - $20 1929 Ty. 1 The Citizens NB Ch. # 5040
This was the only bank in town to issue this type and denomination in the 1929 series. The published census stands at nine small examples. PCGS Choice New 63PPQ.

14215

Waynesburg, PA - $10 1902 Red Seal Fr. 613 The Farmers & Drovers NB Ch. # (E)839
A very scarce Waynesburg bank which went out in 1906, with this newly discovered example the only Red Seal known from here. There is a small paper pull at the top right and a trace of an old mounting at the top left corner, but the colors are bright and the overall appearance nice for a note in this grade. About Fine.

14216

Waynesburg, PA - $10 1929 Ty. 2 First NB & TC Ch. # 13134
An attractive specimen bearing single digit serial number A000002. Surprisingly, this is the only reported survivor from this bank's number 1 sheet. About Uncirculated.

14217

Winburne, PA - $20 1902 Plain Back Fr. 650 The Bituminous NB Ch. # (E)7334
A scarce Clearfield County note bearing a unique title. Very Fine, although just a touch soiled, with the signatures faded, a common occurrence on notes from this location.
From The Walla Walla Collection

14218

Newport, RI - $5 1902 Plain Back Fr. 598 The Newport NB Ch. # 1492
Evenly circulated and problem free save for two miniscule pinholes that affect nothing. Fine.
From The John Ameen Collection

14219

Pawtucket, RI - $5 1882 Brown Back Fr. 467 The First NB Ch. # 843
First Charters and Brown Backs only from this better Rhode Island bank which liquidated in 1900. Pen signed Fine+++.
From The Walla Walla Collection

14220

Providence, RI - $1 1875 Fr. 383 The Phenix NB Ch. # 948
A well circulated CGA Very Good 08 with a scattering of pinholes that is otherwise fully intact but for a tiny margin nick in the right margin.

14221

Providence, RI - $20 1929 Ty. 1 The Providence NB Ch. # 1302
Fresh, fully original, and about as nice as any note from here could be. CGA Gem Uncirculated 66.

14222

Smithfield, RI - $10 1902 Plain Back Fr. 624 The First NB Ch. # (N)1035
Although the census from here would indicate large examples to be fairly plentiful, that is simply not the case, as large offerings from this bank have been sparse, with none recorded in Track and Price since 2001. Very Fine, with a tiny spot at the top center.

14223

Warren, RI - $5 1875 Fr. 401 The First NB Ch. # 673
A most attractive Series 1875 example with a distinctive blue end paper streak running from top to bottom through the note. This example, which is new to the census, is one of fewer than a dozen notes known from this bank, which issued First Charters and Brown Backs only before liquidating in 1904. Bright Very Fine, with great paper and ink quality.

14224

Beresford, SD - $20 1902 Plain Back Fr. 658 The First NB Ch. # 10813
An unmolested large example from the only bank to issue in Beresford. Pleasing Fine, with clear pen signatures.

14225

Brookings, SD - $10 1902 Plain Back Fr. 624 The First NB Ch. # (W)3087
Large notes only from this seldom seen Brookings bank. Very Good-Fine.

14226

Canton, SD - $10 1902 Plain Back Fr. 624 The First NB Ch. # 2830
A decent pen signed About Fine example from the only collectible Canton bank.

14227

Egan, SD - $10 1902 Plain Back Fr. 624 The First NB Ch. # (W)7252
This Moody County issuer was the only bank in town and had a modest issue of more than $320,000. This piece retains the cashier's signature and decent eye appeal. There are some flecks of rust that are noted, but are not overbearing. Fine.
From The Walla Walla Collection

14228

Madison, SD - $20 1902 Plain Back Fr. 650 The First NB Ch. # (W)3149
A truly rare South Dakota issuer, with the census standing at just four pieces, including this attractive note. All save this piece have been closely held for years, with Track and Price reporting only one appearance from this bank over the past twenty years. Sharp Very Fine-Extremely Fine.

14229

Milbank, SD - $10 1902 Plain Back Fr. 624 The First NB Ch. # 6473
Large notes only from this Milbank issuer. About Fine, with lovely sea-green pen signatures.

14230

Mitchell, SD - $10 1882 Date Back Fr. 545 The First NB Ch. # (W)2645
A scarce South Dakota type which is seldom offered for sale. Fine+, with good color for the grade.

14231

Parker, SD - $10 1929 Ty. 1 The First NB Ch. # 3675
An evenly circulated but problem free small example from the only bank here to issue. Very Good-Fine.

14232

Pierre, SD - $20 1902 Plain Back Fr. 652 The Pierre NB Ch. # 4104
A considerably above average note from this elusive state capital. Nice Very Fine, with bright paper and sharp purple signatures.

14233

Pukwana, SD - $10 1902 Plain Back Fr. 627 The First NB Ch. # 9958
A tougher large note from the only bank in town. Sharp Very Fine.

14234

Rapid City, SD - $10 1882 Brown Back Fr. 484 The First NB Ch. # 3237
A truly rare South Dakota note which is the only Brown Back recorded in the census from this western South Dakota location. This piece was one of only a literal handful of $10 Brown Backs issued from here, and bears the date of this state's admission to the Union, November 2, 1889, as its plate date. Pen signed Fine, an important item from this state and a true miracle of survival as well.

14235

Rapid City, SD - $20 1929 Ty. 2 The First NB Ch. # 3237
This was one of Rapid City's two banks that issued Series 1929 notes, and by far the scarcer of the pair. Fewer than a dozen small examples are listed in the census, with this the only Type 2 specimen of any denomination. Fine.

14236

Rapid City, SD - $5 1929 Ty. 1 The Rapid City NB Ch. # 14099
Embossing and natural paper wave are traits of this $5 that is from a 14000 charter number bank. An old corner tip fold is noticed outside of the design. Choice Crisp Uncirculated.

14237

Rapid City, SD - $5 1929 Ty. 2 The Rapid City NB Ch. # 14099
Bright, fresh and well centered, a high end 14000 charter example. About Uncirculated.

14238

Redfield, SD - $20 1929 Ty. 1 The American NB Ch. # 8125
This is the first reported $20 from this bank and carries a classic coin hoard name. Nicely margined with bright surfaces, expect this piece to be highly contested as it is perhaps the finest example extant from here. Very Fine+.
From The Walla Walla Collection

14239

Tyndall, SD - $10 1902 Plain Back Fr. 624 The First NB Ch. # 6792
A nice grade large example with especially vivid inks along with bold blue pen signatures, an attractive combination for this above average piece. Very Fine.

14240

Watertown, SD - $10 1902 Date Back Fr. 616 The First NB Ch. # (W)2935
Despite a fairly large population, large notes from here are seldom available, with the last offering at public sale coming over seven years ago. Pen signed Very Good-Fine.

14241

White Rock, SD - $20 1929 Ty. 1 The First NB Ch. # 6185
A very scarce note from the only bank here to issue. Pleasing Fine-Very Fine.

14242

Memphis, TN - $100 1929 Ty. 1 Union Planters NB & TC Ch. # 13349
A colorful and well centered example of this popular type note. CGA Gem Uncirculated 65.

14243

Nashville, TN - $10 1882 Brown Back Fr. 482 The Fourth NB Ch. # (S)1669
A plethora of large size notes are known from this back, with Series 1882 issues numbering less than 20. Fresh and original paper is the palette for this well margined and brightly colored issue. The signatures are bold. PMG Very Fine 30.

14244

Nashville, TN - $5 1902 Red Seal Fr. 589 The Fourth NB Ch. # (S)1669
Notes from this bank are all too common, but Red Seals from here certainly are not, with this just the third $5 example and the seventh Red Seal of any denomination known from here. We've had no Red Seals from here to offer in any of our sales since 2000, when we sold a $10 in just about the same grade as this piece for $2035. Very Good-Fine, with a strong red overprint and clear signatures.

14245

Abilene, TX - $20 1902 Plain Back Fr. 653 The Farmers & Merchants NB Ch. # (S)4166
Faint signatures of the Cashier and President are noted on this moderately circulated issue. The paper is solid save for some minor roughness on the edges. Fine.

14246

Abilene, TX - $10 1929 Ty. 1 The Farmers & Merchants NB Ch. # 4166
An exceptionally well centered specimen which displays loads of original embossing. Gem Crisp Uncirculated.

14247

Abilene, TX - $10 1929 Ty. 1 The Farmers & Merchants NB Ch. # 4166
A most attractive example which is the first note from the first sheet of Series 1929 notes delivered to this sought after bank. Bright Choice About Uncirculated, a premium serial number 1 specimen.

14248

Abilene, TX - $5 1902 Plain Back Fr. 598 The Citizens NB Ch. # 6476
A tougher Abilene note from this family owned bank, with only six large survivors documented. Very Fine.

14249

Alpine, TX - $10 1929 Ty. 1 The First NB Ch. # 7214
A popular Texas note from a bank located in Brewster County. Officers are George W. Baines as cashier and H.L. Kokernot as president. Fine-Very Fine with a slight teller stamp in the left serial number.

14250

Alpine, TX - $20 1929 Ty. 1 State NB Ch. # 12289
A pleasing Fine-Very Fine small example from this west Texas community.

14251

Amarillo, TX - $10 1929 Ty. 1 The First NB Ch. # 4214
A bright Very Fine with H.E. Fuqua signing as cashier and W. H. Fuqua signing as president.

14252

Amarillo, TX - $5 1882 Brown Back Fr. 472 The Amarillo NB Ch. # (S)4710
This is one of only two Brown Backs known from this very scarce Amarillo bank, with the other, a $20, ensconced perhaps forever in the Philpott/Moody holdings. Pleasing Fine-Very Fine, a premium west Texas note likely to elicit some stiff competition before the hammer falls this evening.

14253

Amarillo, TX - $20 1902 Plain Back Fr. 654 The Amarillo NB Ch. # 4710
An attractive large example from this well collected panhandle location. A mere eight large notes make up the entire large size census from this none too common bank. Fine-Very Fine.

14254

Amarillo, TX - $5 1902 Plain Back Fr. 598 The NB of Commerce Ch. # 6865
Just thirteen large examples including this $5 are reported in the census. This bank was ran by the O'Brien family for many years before a procession of bank officers started in the late 1920s and culminated with the bank's demise on September 5, 1933. This note has purple stamped signatures of Glover and Durham. Very Good-Fine.

14255

Athens, TX - $10 1929 Ty. 1 The First NB Ch. # 4278
A pleasing evenly circulated east Texas example. Fine-Very Fine.

14256

Atlanta, TX - $10 1902 Plain Back Fr. 628 The First NB Ch. # (S)4922
A high grade example from this by no means common Cass County bank. Bright Very Fine+, and further enhanced with lovely two color signatures.

14257

Atlanta, TX - $20 1929 Ty. 1 The Atlanta NB Ch. # 7694
Never enough of this charter number to go around as the census figures have stabilized at eight small. The officers of this Cass County bank were Henry A. King and L.R. Allday. Fine+.

14258

Austin, TX - $10 1902 Plain Back Fr. 627 The Austin NB Ch. # (S)4308
Solid, stamped signatures were applied a little low. The paper however is wholly original and attractive, though some minor foxing in the lower margin is present. Very Fine.

14259

Austin, TX - $20 1902 Plain Back Fr. 653 The Austin NB Ch. # (S)4308
This pleasing Very Fine shows embossing of the seal and charter numbers and bright, original paper. The stamped signatures remain strong, but were applied rather sloppily at the time of issue.

14260

Baird, TX - $10 1929 Ty. 1 The First NB Ch. # 3286
Only seven small (and four large) notes are listed from this very scarce bank in the census. This example is a pleasing, evenly circulated Fine-Very Fine specimen with a back that was once wet. Cashier Bob Norrell and President Tom Windham paired up to run the most successful national bank in town.

14261

Ballinger, TX - $5 1929 Ty. 1 The First NB Ch. # 3533
A tougher note from the only really collectible bank in this small Runnels County community. Bright Very Fine, one of the highest grade Series 1929 notes we've seen from here.

14262

Bartlett, TX - $10 1902 Plain Back Fr. 633 The First NB Ch. # 5422
A decent large example from this tougher central Texas bank. Pen signed Very Fine, with a small scattering of light rust spots, ex Irish and Ivy collections.

14263

Beaumont, TX - $20 1929 Ty. 1 The First NB Ch. # 4017
A scarcer bank in small size than large, with examples in this grade virtually never available. PMG Choice Uncirculated 64.

14264

Beaumont, TX - $20 1929 Ty. 2 The First NB Ch. # 4017
There are only two small size Type 2 notes known from here. This evening's Very Fine-Extremely Fine offering makes three.

14265

Beeville, TX - $20 1882 Brown Back Fr. 498 The First NB Ch. # 4238
A real South Texas rarity, with even the Philpott/Moody collection lacking any Brown Back example from here. This is, in fact, the only early note of any kind known from this bank. It traces its pedigree to the Irish collection, and has been off the market for a decade since that appearance. Pen signed Fine or a bit better, a significant piece deserving a strong bid.

14266

Beeville, TX - $20 1929 Ty. 1 The First NB Ch. # 4238
This $20 has original surfaces that include a small edge tear totally within the right margin. Very Fine.

14267

Beeville, TX - $20 1929 Ty. 1 The Commercial NB Ch. # 4866
A problem free small example from the Bee County seat, for many years the site of a major Naval aviation training facility. Fine-Very Fine.

14268

Brady, TX - $10 1929 Ty. 1 The Brady NB Ch. # 7827
Somewhat the scarcer of the two banks which issued Series 1929 examples in this county seat community. Very Good-Fine.

14269

Brady, TX - $5 1929 Ty. 2 The Commercial NB Ch. # 8573
A by no means common small note from the only town to issue in McCulloch County. Fine.

14270

Brenham, TX - $20 1929 Ty. 1 The First NB Ch. # 3015
This $20 is from a Choice Crisp Uncirculated run of these notes. This example sports bold embossing. It has a couple of counting crinkles, but they do not break the paper. Officers are Almot Schenker and T.A. Low.

14271

Brenham, TX - $10 1929 Ty. 1 The Farmers NB Ch. # 10860
A small run of high grade notes is known from here. This one is completely fresh and original with bold embossing and is just a hair of a top margin away from Gem. PMG Choice Uncirculated 64 EPQ.

14272

Brownsville, TX - $20 1902 Date Back Fr. 645 The First NB Ch. # (S)4577
This evenly circulated piece has a lot of life for the grade. The details are bold, though the signatures are a touch faded. Fine-Very Fine.

14273

Brownsville, TX - $10 1902 Plain Back Fr. 635 The State NB Ch. # 12236
This wholly original and attractive issue retains embossing of the charter numbers and seal. Very Fine.

14274

Brownsville, TX - $20 1902 Plain Back Fr. 661 The First NB Ch. # 12792
An attractive, well centered note with a decent amount of crispness remaining and delicate purple signatures. This bank was chartered in July, 1925 and only lasted until January, 1932. Very Good-Fine.

14275

Brownwood, TX - $10 1882 Brown Back Fr. 485 The Brownwood NB Ch. # (S)4695
A very scarce early Brownwood example bearing the first title used here. Aside from the group ensconced in the Moody Foundation holdings, only three examples bearing this nomenclature are in public hands. All have been off the market for years, with even the Irish and Ivy collections lacking any examples from here bearing this title. This piece comes from the Everson collection sale of February, 1997, and has been off the market since our consignor obtained it over a decade ago. Pen signed Fine-Very Fine, an attractive and rare item.

14276

Brownwood, TX - $50 1929 Ty. 1 First NB Ch. # 4695
High denominations only from this bank in small size. Fine-Very Fine, with a light bank stamp outside of the portrait.

14277

Brownwood, TX - $10 1929 Ty. 1 The Citizens NB Ch. # 8312
A tougher bank which is seldom available at public sale and where Series 1929 examples are uniformally low grade, with the finest listed piece graded as "Fine" in the census. Very Good-Fine, with a small spindle hole and a couple of rather minor paper pulls.

14278

Bryan, TX - $10 1929 Ty. 2 The First NB Ch. # 3446
Last auctioned by us in 2001, small size notes though with a large census number known do not show up at auction too often. Pleasing Very Fine-Extremely Fine with bright surfaces and a tight upper margin. Signers of this example are Travis B. Bryan as cashier and H.O. Boatwright as president.

14279

Bryan, TX - $10 1902 Plain Back Fr. 626 The City NB Ch. # 4070
Despite a survival rate of about 15 large size notes, examples from here rarely turn up at public auction. Strong signatures remain despite the light soiling. Very Good.

14280

Caldwell, TX - $20 1929 Ty. 1 The Caldwell NB Ch. # 6607
This example comes from the only collectible bank in town as the other issuer reports only a Red Seal. Nine small size notes are reported in the Kelly census with this a new addition to those figures. Signers are E.S. Dushek as cashier and C.C. Nelma as president. Very Fine.

14281

Canton, TX - $10 1902 Date Back Fr. 618 The First NB Ch. # (S)8891
This is an excessively rare north Texas note from a community known far and wide for its "Trade Days," a longstanding tradition which brings in thousands of visitors to deal with many hundreds of vendors of everything from used clothes to new computers. This was the only bank in town to issue, and it is as rare as all get out, with the census standing at just two large and one small note. Even the greatest and most advanced Texas collections came up short on obtaining even one piece from Canton, with this town missing from Carter, Everson, Irish, and Ivy's holdings. Well circulated but intact Very Good, a great note despite its lack of grade.

14282

Canyon, TX - $10 1929 Ty. 1 The First NB Ch. # 5238
A scarcer west Texas bank with fewer than a dozen Series 1929 examples reported from here to date. Fine.

14283

Canyon, TX - $5 1929 Ty. 2 The First NB Ch. # 14090
A lovely serial number 1 example from this very elusive 14000 charter institution. This bank issued fewer sheets during its brief existence than any bank in Texas we know of, with a total emission of just under 14 sheets of fives and only 30 sheets of tens before the note issuing period concluded. Thanks to the efforts of Colonel Green and William Philpott, the first sheet of fives and the first sheet of tens survived, and now comprise the only notes known from this west Texas issuer. The $10 sheet was cut many years ago, and the $5 sheet was cut after we sold it back in 2001. Choice Crisp Uncirculated, a most desirable item worthy of the finest of collections.

14284

Childress, TX - $20 1929 Ty. 1 The First NB Ch. # 12666
Small notes only from this rather scarce bank, which comes from a west Texas town named for George C. Childress, author of the Texas Declaration of Independence. Very Good.

14285

Clarendon, TX - $20 1929 Ty. 1 The First NB Ch. # 5463
A tough note from the only bank to issue in this small panhandle community. Fine, ex-Ivy collection sale.

14286

Clarksville, TX - $5 1929 Ty. 1 The Red River NB Ch. # 13428
An attractive serial number 1 example which has been graded About Uncirculated 55 by PMG.

14287

Cleburne, TX - $5 1902 Plain Back Fr. 600 The NB of Cleburne Ch. # (S)4035
This $5 has several light folds. There are a few minor stains along the top edge and the signatures are visible. Nine Large are reported for this bank that closed in October 1921. Very Fine.

14288

Cleburne, TX - $20 1929 Ty. 2 The City NB Ch. # 13107
This piece previously appeared in our Central States Signature Auction last year where it realized $747.50. It was described, "The only Series 1929 notes on this bank that are in the census and could possibly be finer are notes from uncut sheets. PCGS New 62PPQ."

14289

Clyde, TX - $10 1929 Ty. 1 The Clyde NB Ch. # 8780
A bright and fresh example of this classic Texas hoard note. Choice Crisp Uncirculated.

14290

Coolidge, TX - $10 1929 Ty. 1 The First NB Ch. # 7231
This is a nice Very Fine+ $10 on this Limestone County bank.

14291

Cooper, TX - $10 1929 Ty. 1 The Delta NB Ch. # 5533
A rare bank that is represented by just eight small size notes in the Track & Price census. Very Good+.

14292

Cooper, TX - $20 1929 Ty. 1 The First NB Ch. # 13046
While this Delta County locale supported no less than four national banks at various times during the issuing period, only two ordered the 1929 series, with this institution chartered late enough that its issue was confined to that design. It leaves a census of only seven examples, with this newly reported Very Good-Fine exhibiting a few pinholes.

14293

Corpus Christi, TX - $10 1902 Plain Back Fr. 624 The City NB Ch. # 7668
This first title example is bright with a bold blue overprint. Unfortunately, the signatures have faded with time. Very Fine.

14294

Corsicana, TX - $50 1902 Date Back Fr. 668 The First NB Ch. # (S)3506
This is the only recorded $50 Date Back for the bank, and, with only 75 notes recorded of this type for the entire state of Texas, expect bidding to possibly exceed the estimate. A stain on the back hinders the note, and it displays a single small hole. Fine.

14295

Corsicana, TX - $50 1902 Plain Back Fr. 682 The State NB Ch. # 11022
A nice high denomination example which is one of only three large fifties reported from here. PMG Very Fine 25, with the signatures faded.

14296

Corsicana, TX - $50 1902 Plain Back Fr. 682 The State NB Ch. # 11022
A handful of large size notes are known from this Navarro County bank, though only four are high denominations. The cut at top and bottom is somewhat tight. The stamped signatures are weak and there is a split on the left margin into the design. Fine-Very Fine.

14297

Corsicana, TX - $20 1929 Ty. 1 The State NB Ch. # 11022
This Choice looking note is fully margined and pleasingly original. There is however a light center bend that restricts the grade to Choice About Uncirculated.

14298

Corsicana, TX - $50 1929 Ty. 1 The State NB Ch. # 11022
This is an attractive PCGS Apparent Very Fine 25, with wholly original paper surfaces. The lower left corner was replaced, but the repair blends into the face design nicely.

14299

Dalhart, TX - $10 1929 Ty. 1 The First NB Ch. # 6762
A seldom seen note from a small northern panhandle community which is considerably closer to Denver, Colorado than to the state capital in Austin. Fine.

14300

Dalhart, TX - $20 1929 Ty. 1 The First NB Ch. # 6762
This ex-Irish collection piece is easily the finest reported Series 1929 example from this sought after panhandle issuer. Bright Extremely Fine+.

14301

Dallas, TX - $20 1882 Value Back Fr. 581 The City NB Ch. # (S)2455
A tougher emission for this issuer with only three examples documented and no auction appearance for over five years. Bright with strong signatures along with a touch of roughness along the top margin and a pinhole. Very Fine.

14302

Dallas, TX - $5 1902 Plain Back Fr. 607 The City NB Ch. # 2455
A bright and pack-fresh PCGS New 62 example from a state with uncirculated Nationals in short supply. A colorful and striking note with darkly stamped officers' signatures still as strong as the day they were applied to the sheet.

14303

Dallas, TX - $20 1902 Plain Back Fr. 659 The City NB Ch. # 2455
This lovely example was once sold as Uncirculated. A pair of corner tip folds that affect nothing are most likely the reason for the grade assigned now. Expect a realization on this PMG Choice About Unc 58 EPQ to be more in line with a higher overall grade.

14304

A Trio of Dallas Large Size Nationals:
$5 1902 Plain Back Fr. 600 American Exchange NB Ch. # (S)3623, Very Fine;
$10 1902 Plain Back Fr. 626 American Exchange NB Ch. # (S)3623, Very Fine;
and a $20 1902 Plain Back Fr. 652 American Exchange NB Ch. # 3623, Very Fine-Extremely Fine.

14305

Dallas, TX - $50 1929 Ty. 1 First NB Ch. # 3623
Solid margins and bright white paper add to the eye appeal of this Very Fine example.

14306

Dawson, TX - $5 1929 Ty. 2 The First NB Ch. # 10694
A beautiful example bearing serial number 5 on a Type 2 five from a sheet we sold a few years ago that has now been cut and dispersed. Even with the notes from the cut sheet added to the census, this is still a very tough bank. PCGS Very Choice New 64PPQ.

14307

Dawson, TX - $10 1929 Ty. 1 The Liberty NB Ch. # 11239
Only two banks issued Nationals in this Navarro County community, and this bank is the scarcer of the two in small size. Only eight such examples, including this piece, are recorded in the census. This otherwise Fine-Very Fine note has a scattering of roughly a dozen pinholes. No, the town was not named for the cashier, E.B. Dawson. It was named for Britton Dawson.

14308

Del Rio, TX - $10 1929 Ty. 1 Del Rio NB Ch. # 7433
Four full margins are found on this note issued in Val Verde County. Fine.

14309

Denton, TX - $10 1929 Ty. 1 The Denton County NB Ch. # 4708
This attractive Very Fine was issued in what was then a small town north of Dallas and Fort Worth.

14310

Devine, TX - $20 1929 Ty. 1 The Adams NB Ch. # 7212
This was the sole bank to issue in this small Medina County location, with Series 1929 examples actually a bit scarcer than their large size siblings. Very Good-Fine.

14311

El Paso, TX - $20 1882 Date Back Fr. 555 The First NB Ch. # (S)2532
This becomes only the second collectible type of this issue as one is locked up in the Moody holdings. This is the first time a $20 Date Back has appeared at public auction. Pleasing Fine, with dark signatures.

14312

El Paso, TX - $10 1902 Plain Back Fr. 624 The City NB Ch. # 7514
No irregularities in the paper can be mentioned on this scarce west Texas note. Very Fine.

14313

El Paso, TX - $5 1929 Ty. 2 El Paso NB Ch. # 12769
With a bit more margin, this west Texas note would surely be Gem. PMG Choice Uncirculated 64 EPQ.

14314

Ennis, TX - $10 1929 Ty. 1 The Citizens NB Ch. # 7331
Hidden from view for almost ten years, this lovely note is engraved with the signatures of officers H.R. Thomas and Fred A. Newton, who liquidated this bank on April 26, 1933. PMG Gem Uncirculated 66 EPQ.

14315

Farmersville, TX - $10 1882 Date Back Fr. 545 The Farmers & Merchants NB Ch. # (S)6011
We were lucky enough to have offered this piece in our Central States Signature Auction in 2006. At that time it realized $4830 against an estimate of $2500-$3500. The description read, "We are excited to have secured the only Date Back of record from this Collin County institution near Dallas that was liquidated in 1927. Just five notes comprise the entire census from here. The note does have a little edge roughness and a small hole at center but otherwise remains appealing. Very Good."

14316

Fayetteville, TX - $20 1902 Plain Back Fr. 658 The Farmers NB Ch. # 10954
The Farmers was the only National Bank to operate in this Fayette County locale. The signatures are strong and the paper quality is especially appealing. A lone fold exists in the body of the note along with some minor handling while there are a couple of folds that are contained in the margins. About Uncirculated.

14317

Floresville, TX - $10 1929 Ty. 1 First City NB Ch. # 6320
Only five small notes are listed for this title in Kelly along with a sheet. This $10 displays a touch of fading near the title, and signatures of L.H. Mitchell and S.V. Houston. Fine.

14318

Floydada, TX - $20 1929 Ty. 1 The First NB Ch. # 7045
O.M. Watson and J.V. Daniel piloted this bank. In May 2005 we sold a $10 in VF for $1150 on this scarce Floyd County bank. We expect this Fine $20 to weigh in somewhere in the neighborhood of...

14319

Forney, TX - $20 1929 Ty. 1 The Farmers NB Ch. # 9369
Eleven small size notes from this bank are recorded by Kelly in his census, making this the most "common" of the three banks from this Kaufman County community. Signers are J.M. Davis, Jr. and W.A.Brooks. Fine+.

14320

Fort Worth, TX - $10 1882 Date Back Fr. 542 The First NB Ch. # (S)2349
Only seven examples of this type are known from this institution. Off the market for many years, this is the first we have had the pleasure to present at auction in some time. The signatures are still visible though there is a touch of foxing throughout. Fine.

14321

Fort Worth, TX - $50 1902 Plain Back Fr. 682 The First NB Ch. # (S)2349
Purple stamped signatures of Cashier R.C. Martin and Vice President T.B. Yarborough adorn this Cowtown $50. Even the massive Philpott Collection did not have within its ranks this particular officer signature combination for this bank. Fine.

14322

Fort Worth, TX - $20 1902 Plain Back Fr. 650 The Fort Worth NB Ch. # 3131
Over ten years have passed since this stunning example was available. We like it as much now as we did then. K.M Van Zandt signs as President, an office he held at this institution and a predecessor company from 1874 until the time of his death in 1930. PMG Gem Uncirculated 65 EPQ.

14323

Fort Worth, TX - $50 1902 Plain Back Fr. 675 The Fort Worth NB Ch. # 3131
It has been more than two years since another Large Size high denomination note has been offered from this Fort Worth bank. The note was cut slightly off center, and as a result features part of the note below it and is partially cut into the design at top. A couple of penned notations were removed. PCGS Fine 12.

14324

A Trio of Small Size Fort Worth Notes, including:
Fort Worth NB - $5 1929 Ty. 1 The Fort Worth NB Ch. # 3131, Fine;
Fort Worth NB - $10 1929 Ty. 1 The Fort Worth NB Ch. # 3131, Very Fine;
and a Fort Worth NB - $20 1929 Ty. 1 The Fort Worth NB Ch. # 3131, Very Fine.

14325

Fort Worth, TX - $50 1929 Ty. 1 The Fort Worth NB Ch. # 3131
Bold embossing and dark inks occupy the original paper surfaces of this attractive Extremely Fine Fort Worth Fifty.

14326

Fort Worth, TX - $100 1929 Ty. 1 The Fort Worth NB Ch. # 3131
The paper is perfectly original and bright white with much of the embossing remaining. However, there is a partial teller stamp that we must mention for the sake of accuracy. Very Fine.

14327

Fort Worth, TX - $5 1902 Plain Back Fr. 600 The Farmers & Mechanics NB Ch. # 4004
This piece features the same signers as the other Farmers & Mechanics note in this auction, though it lacks the geographic sort letter, indicating it was printed sometime after March of 1924. The paper is original and solid and the stamped signatures remain strong. Very Fine.

14328

Fort Worth, TX - $10 1902 Plain Back Fr. 626 The Farmers & Mechanics NB Ch. # (S)4004
Deep original embossing is noted on this high grade Tarrant County issue. A few folds prevent a higher grade, though it appears fully Choice in a holder. Extremely Fine.

14329

Fort Worth, TX - $5 1902 Plain Back Fr. 609 The Texas NB Ch. # (S)12371
In 1930, this bank went into receivership after seven short years of business in Tarrant County. Overall, the eye appeal is ideal for a Fine-Very Fine grade.

14330

Franklin, TX - $5 1902 Plain Back Fr. 599 The First NB Ch. # 7838
The paper is fully intact save for a couple of very minor edge splits. Only one bank operated in this Robertson County locale and appearances of large size survivors are far and few between. CGA Fine 12.

14331

Galveston, TX - $10 1929 Ty. 2 The City NB Ch. # 8899
This note from the second sheet for the bank faces up like a true new note in the holder. Listed in the Kelly census as CU, PMG has graded it Choice About Unc 58 EPQ.

14332

Galveston, TX - $10 1902 Plain Back Fr. 635 The United States NB Ch. # 12475
Our records indicate this is as nice an example as has been offered since 2003. The paper is wholly original and a slightly larger bottom margin would have certainly called for a full Gem grade. Choice Crisp Uncirculated.

14333

Gatesville, TX - $10 1902 Plain Back Fr. 626 The First NB Ch. # (S)4097
A tougher central Texas bank in large size, where the census shows just eleven such examples. Fine.

14334

Georgetown, TX - $5 1929 Ty. 1 The First NB Ch. # 4294
A bright and crisp Very Fine-Extremely Fine from a town whose notes are tightly held. E.H. Eanes as cashier and J.E. Cooper as president.

14335

Goliad, TX - $10 1929 Ty. 1 The First NB Ch. # 4565
This is one of 11 small in the census for this bank. A small penciled "4" is found to the left of the portrait. Fine-Very Fine.

14336

Gonzales, TX - $20 1929 Ty. 1 The Farmers NB Ch. # 8392
A considerably above average note from the sole bank to issue Series 1929 examples here. Very Fine.

14337

Graham, TX - $5 1929 Ty. 1 The Graham NB Ch. # 5897
An evenly circulated piece which is in the top three or four small examples reported from this rather scarce institution. Pleasing Fine-Very Fine.

14338

Granbury, TX - $100 1902 Date Back Fr. 691 The First NB Ch. # (S)3727
A few pinholes are noticed on this scarce note. Pink stamped signatures of the bank officers still remain legible. Very Fine.

14339

Grand Saline, TX - $10 1929 Ty. 1 The State NB Ch. # 12745
At first this note has the appearance of a higher grade, but the grade has to be lowered due to the several repairs along the bottom margin with whiteout and/or the filling in of small holes with paper. Officers are T.D. Hunt and J.C. Alsup. Fine, repaired.

14340

Grandview, TX - $10 1929 Ty. 2 The First NB Ch. # 4389
This attractive Fine+ is one of only about a dozen small size notes known from this locale. The other issuing bank in town only issued large size notes.

14341

Greenville, TX - $20 1929 Ty. 1 The Greenville National Exchange Bank Ch. # 8581
For this Hunt County bank we can find only two small size in the census that are graded higher than this $20. A couple of pinholes are noticed in the portrait. Very Fine.

14342

Groveton, TX - $10 1929 Ty. 1 The First NB Ch. # 6329
A tougher bank with only eight small notes making up the entire Series 1929 census from this bank. Z.F. Devine signs as cashier and L.P. Atmar as president. Fine.

14343

Hamilton, TX - $20 1929 Ty. 1 The Hamilton NB Ch. # 4451
This note is one of only 7 small in the census for this Hamilton County bank that was managed by family members C.B and J.T. James. This is a bright Fine note with many, many pinholes. Nonetheless, it is a note that has resided in a couple of the better Texas collections over the years.

14344

Hamlin, TX - $20 1929 Ty. 1 The First NB Ch. # 8252
This is a seldom seen charter number. We sold a similar looking $10 on this Jones County bank in May 2003 for over $900. Very Good-Fine.

14345

Hebbronville, TX - $10 1929 Ty. 1 The First NB Ch. # 12995
This note is listed as VG in the census. We feel that Fine gives a truer accounting of the circulation this note has endured.

14346

Hemphill, TX - $20 1929 Ty. 1 The First NB Ch. # 8526
It has been three years since we last had any note on this Sabine County bank. The officers are Oscar P. Pate and A.M. Jones. Fine-Very Fine.

14347

Hereford, TX - $10 1929 Ty. 1 The Hereford NB Ch. # 5604
This Fine example is from a better locale of which only ten small notes are known. A slight skin is noticed above the portrait.

14348

Hereford, TX - $20 1929 Ty. 1 The Western NB Ch. # 6812
Although large examples from this west Texas bank do occasionally turn up, Series 1929 specimens are another matter entirely, with the census standing at just two pieces, one of them this note. There is a spot and a small split at the title, and another split at the bottom, but this piece is rare enough that condition becomes secondary to availability. Very Good, and likely to see bidding well into the range of...

14349

Hillsboro, TX - $10 1882 Brown Back Fr. 485 The Citizens NB Ch. # (S)4900
In 2006, this note realized $5175 against an estimate of $3500 to $4500 in our Central States Auction. It remains the only Brown Back recorded from this locale and is a pleasingly original piece with all the eye appeal one would hope for in a full Fine.

14350

Hillsboro, TX - $20 1929 Ty. 1 The Citizens NB Ch. # 4900
This $20 stacks up in the census as the second best Series 1929 note known on this Hill County bank. It has a faint lateral center fold while it further exhibits the uncirculated characteristics of bank title embossing, dark inks, and white paper. Choice About Uncirculated.

14351

Honey Grove, TX - $5 1929 Ty. 2 First NB Ch. # 13416
We last sold this note in September 2001 and it has remained the only Type 2 note in the census for this Fannin County bank. Officers are J.O. McKenzie and Stanley A. Longmoor. About Fine.

14352

Houston, TX - $100 1929 Ty. 1 The First NB Ch. # 1644
Solid paper is present on this CGA Fine 15.

14353

Houston, TX - $5 1882 Brown Back Fr. 471 The South Texas NB Ch. # 4350
An attractive $5 Brown Back which looks new until closely examined. Nice Very Fine, with strong pen signatures.

14354

Houston, TX - $50 1902 Plain Back Fr. 677 The Houston National Exchange Bank Ch. # 9353
While technically a Very Fine, this piece has all the eye appeal of an EF or better. The paper is bright, the margins solid, and the overprint bold.

14355

Houston, TX - $50 1929 Ty. 1 Houston NB Ch. # 9353
This marks the first time in over six years that this denomination has appeared in one of our sales. It truly was worth the wait as this note would be difficult to improve upon. PMG Gem Uncirculated 65 EPQ.

14356

Houston, TX - A Pair of Union National Bank Plain Backs.
$10 1902 Plain Back Fr. 627 The Union NB Ch. # 9712, bold Very Fine with solid paper and some paint on the top edge and a;
$20 1902 Plain Back Fr. 653 The Union NB Ch. # 9712, Very Fine with solid stamped signatures and only a couple of pinholes to report.

14357

Hubbard, TX - $20 1929 Ty. 1 The First NB Ch. # 5008
Of the two banks in this Hill County town, only this one is collectible as the other is currently unknown. Just nine small size examples from this bank are recorded in the new census. Very Fine, problem-free in appearance, signed by J.H. Weatherby and W.E. McDaniel.

14358

Itasca, TX - $10 1929 Ty. 1 The First NB Ch. # 4461
This note is one of 9 small notes in the census. This bank was guided by John M. Coffin and Pat E. Hooks through the Great Depression. Fine.

14359

Itasca, TX - $20 1929 Ty. 1 The Itasca NB Ch. # 5749
Series 1929 notes from this Hill County bank are prohibitively rare, with the census listing just five examples. That includes this piece which also claims the highest grade of the enumerated quintet. Very Fine-Extremely Fine.

14360

Jacksboro, TX - $20 1902 Plain Back Fr. 650 The Jacksboro NB Ch. # 7814
This is a prohibitively rare bank in large size, with two of the three notes recorded in the census permanently off the market while being housed in the Moody Foundation holdings. Even the massive Irish collection lacked a large note from here. Fine-Very Fine, with a couple of mounting remnants on the back.

14361

Jacksonville, TX - $10 1882 Date Back Fr. 545 The First NB Ch. # (S)5581
From our January 2006 FUN auction where it was cataloged, "Although about a dozen early notes exist from this institution (which is the only collectible bank in Jacksonville), half that number are impounded in the Moody Foundation holdings and likely off the market permanently. This bright Very Fine example sports sharp purple signatures and is the nicest specimen we've seen from here in many years."

14362

Kaufman, TX - $10 1929 Ty. 1 The First NB Ch. # 3836
A tougher north Texas note from the first of two banks to issue in this small community. Very Good-Fine.

14363

Kaufman, TX - $10 1929 Ty. 1 The Farmers & Merchants NB Ch. # 10757
The first thing you see on this $10 is the very small font used for the bank title. Officers are J. Ray Trantham and Wood Nash. Very Good-Fine.

14364

Kenedy, TX - $20 1902 Plain Back Fr. 661 The First NB Ch. # 12182
After operating for ten years, this bank closed on March 22, 1932, was assumed by the Nichols NB, and re-opened the same day as the First-Nichols NB. Fraying can be found on the top of this example. Fine.

14365

Kenedy, TX - $10 1929 Ty. 1 The First NB Ch. # 12182
The serial number embossing is strong and the folds are light on this $10 that teeters on the cusp of the high end of this split grade. The cashier is P.R. Goff and the president is E.P. Ruhmann. Very Fine-Extremely Fine.

14366

Kenedy, TX - $20 1929 Ty. 2 First-Nichols NB Ch. # 12187
This becomes only the second Type 2 $20 to be documented on this bank. In May 2003 we sold a Type 2 $10 in a similar grade on this charter number for almost $750. Fine.

14367

Kingsville, TX - $10 1929 Ty. 2 The First NB Ch. # 12968
The paper is a touch aged and there are folds at two corner tips, but this south Texas note is fully Uncirculated.

14368

Ladonia, TX - $5 1882 Brown Back Fr. 471 The First NB Ch. # 4311
This scarce Fannin County locale is represented in the census by just five $5 Brown Backs, two of which are tied up in the Moody holdings. The bank lapsed into receivership in 1930 after issuing large size only. Tonight's offering is a well margined Fine still displaying the delicate brown ink signatures of the officers. This is a note scarce enough and still retaining requisite eye appeal that it should sell in the range of...

14369

Laredo, TX - $50 1902 Plain Back Fr. 683 The Milmo NB Ch. # (S)2486
This note comes from a rather odd south Texas bank with an interesting history. It was chartered in 1880 and took its title from its principal owner, a Mexican citizen of English extraction named Patricio Milmo O'Dowd. He and his son, Patricio Milmo Vidaurri, owned and operated the bank through the turmoil of the Mexican Revolution, changing its name to the First National Bank in 1924. All of the known large examples bearing this title are high denomination specimens, and all we can recall handling, whether Second or Third Charters, are closely trimmed on all four sides, lending a New England appearance to notes which come from a community as far socially and culturally removed from New England as it is possible to be and still remain in the same country. Very Fine-Extremely Fine, with the President's printed signature somewhat off register and covering the plate date.

14370

Laredo, TX - $10 1929 Ty. 1 The First NB Ch. # 2486
The census stood at 10 small notes before the auction debut of this note. It is an original Very Fine+ example and it is right on the heels of the highest graded small notes on this charter number. Bank officers are G.P. Farias and Aug. E. Richter.

14371

Lott, TX - $20 1929 Ty. 1 The First NB Ch. # 6223
Only nine small examples are reported from this elusive Falls County issuer. R.E. Cross signs as cashier and A.L. Patton signs as president. Fine.

14372

Luling, TX - $5 1929 Ty. 2 The First NB Ch. # 13919
This Crisp Uncirculated piece is one of a few notes known from cut sheets. Were it not for a tiny corner tip fold barely touching the design, this would be one of the nicest pieces from that group.

14373

Luling, TX - $20 1929 Ty. 2 The First NB Ch. # 13919
Pleasing Very Fine+ with D.B. Cochran as cashier and H.M. Ainsworth as president.

14374

Marlin, TX - $20 1929 Ty. 1 The First NB Ch. # 4706
Scrutiny finally uncovers some light handling on this $20. Of the graded notes in the census for this Falls County bank, none surpasses it. About Uncirculated.

14375

Marlin, TX - $10 1929 Ty. 1 The Marlin-Citizens NB Ch. # 5606
The second title used here, and a noteworthy item because of the signature of the President, who signs as "Mrs. Emma Reed." Very Good+.

14376

Mart, TX - $10 1929 Ty. 2 The First NB Ch. # 5850
This is one of a dozen notes recorded on this McLennen County bank, with only one-third of those being Type 2s. Fine+.

14377

McKinney, TX - $10 1902 Plain Back Fr. 624 The First NB Ch. # 2729
This piece boasts dark stamped signatures and pleasing paper quality despite some light foxing on the edges. Overall, the eye appeal is exceptional with a bold blue overprint. Extremely Fine.

14378

Memphis, TX - $10 1929 Ty. 2 The First NB Ch. # 6107
While notes from this bank are hardly rare, this is one of only two Type 2 specimens reported from here outside of those contained in the three uncut sheets known on the bank. Fine-Very Fine.

14379

Memphis, TX - $20 1929 Ty. 1 The Hall County NB Ch. # 8005
The scarcer of the two banks which issued in this small panhandle settlement. Very Good-Fine.

14380

Mercedes, TX - $5 1929 Ty. 1 The First NB Ch. # 11879
This Very Good+ note is one of six of the $5 Type 1 notes documented as surviving from this institution that was managed by Jack Trolinger and H.B. Seay.

14381

Mexia, TX - $5 1882 Brown Back Fr. 467 The First NB Ch. # 3014
We are pleased to have this rarity in our hands again. Previously it was part of our 2006 Central States Signature Auction where it was described, "This note represents a true miracle of survival, coming from a bank which issued Brown Backs, Red Seals and Date Backs only before liquidating early in 1919. Just two other examples are known from here, both of which are $50 Brown Backs, one ensconced perhaps forever in the Philpott/Moody Foundation holdings, and the other a damaged and heavily repaired specimen last seen in 2001, when it was offered by Heritage as part of the Ivy collection. This piece is an unmolested, pen signed Fine-Very Fine, with its only minor detractions some splits at the folds and a few pinholes."

14382

Mexia, TX - $20 1929 Ty. 1 The City NB Ch. # 11964
We have seen a small size note in a lesser grade on this bank go for over $1000. There are only 9 small size notes in the census and that does not include this piece. Cashier David Murphy and President Blake Smith teamed up in the 1920s to run this bank. Very Fine.

14383

Mineral Wells, TX - $20 1902 Plain Back Fr. 661 The State NB Ch. # 12669
In a much shorter time span, this institution nearly issued more notes than the First National of Mineral Wells. Its resources also allowed it to survive the depression. This piece is well circulated though it retains all of its printed details. A couple of pinholes are noted, but are only visible when the note is candled. Fine.

14384

Mineral Wells, TX - $20 1929 Ty. 2 The City NB Ch. # 12734
This was the third and last National Bank organized in this Palo Pinto County community, located about eighty miles due west of Dallas. The community took its name from its mineral springs which were promoted for their so-called healing powers. Just eight small notes are reported, with this the sole Type 2 twenty. Fine-Very Fine.

14385

Moody, TX - $20 1929 Ty. 1 The First NB Ch. # 5774
There is not a single small size note in the census with a higher grade from this McLennan County bank. This $20 is a four vertical fold Extremely Fine.

14386

Navasota, TX - $20 1902 Plain Back Fr. 653 The First NB Ch. # (S)4253
While not a terribly rare bank, few large examples are found this nice. Bright Very Fine-Extremely Fine, with a couple of lightly rounded corners that affect nothing.

14387

Navasota, TX - $10 1929 Ty. 1 The First NB Ch. # 4253
An attractive example from this Grimes County bank. Small notes from here are considerably scarcer than are their large size compatriots. Signers are Charles E. Henry and Tom M. Owens. Very Good.

14388

Navasota, TX - $20 1902 Plain Back Fr. 658 The Citizens NB Ch. # (S)5190
A nice high grade example from what is by far the scarcer of this community's two issuers. The census figure of thirteen large notes is somewhat deceptive, as three of that number are ex-Philpott collection pieces firmly ensconced in the hands of the Moody Foundation and likely out of the reach of collectors for many years. Very Fine, with purple signatures.

14389

Normangee, TX - $10 1902 Plain Back Fr. 628 The First NB Ch. # 10275
Only about a half dozen large size notes are available to collectors from this Leon County issuer. The last appearance of any note from this bank was in 2005. Overall, the paper is most pleasing and original with solid margins. Very Fine.

14390

Odessa, TX - $10 1902 Date Back Fr. 616 The Citizens NB Ch. # (S)8169
A just plain scarce large example from this much sought after west Texas community. The census shows just four large and three small notes extant from here, not near enough to satisfy the demand from collectors of this locale's notes. Fine-Very Fine.

14391

Olney, TX - $10 1902 Plain Back Fr. 626 The First NB Ch. # 8982
The paper on this moderately circulated issue is solid and problem free. Fine.

14392

Orange, TX - $10 1929 Ty. 1 The Orange NB Ch. # 6050
Eight small size known from this bank in this southeast Texas community. W.A. Campbell and E. W. Brown, Jr. have signed as officers. Fine-Very Fine.

14393

Paducah, TX - $10 1929 Ty. 1 The First NB Ch. # 10230
A high grade example from this one bank west Texas community which is in fact the nicest Series 1929 note known from here. Very Fine+, ex- Jeff Poyer collection sale in 2003.

14394

Paducah, TX - $20 1929 Ty. 1 The First NB Ch. # 10230
This one bank town was not only the sole issuer in sparsly populated Cottle County, but contains almost 1500 of the county's 1750 inhabitants. Fine.

14395

Palestine, TX - $20 1929 Ty. 1 The East Texas NB Ch. # 12556
This new note for the census is surpassed by only one graded note listed - a former sheet mate. Very Fine.

14396

Paris, TX - $50 1929 Ty. 1 The First NB Ch. # 3638
This is an attractive mid-grade $50 that has a little soiling along the top margin. Type 1 $50s are ripe for study and collecting. Very Fine.

14397

Paris, TX - $5 1902 Plain Back Fr. 601 The City NB Ch. # (S)4411
Embossing of the serial numbers and charter numbers is still plainly evident on this wholly original piece. Very Fine.

14398

Paris, TX - $5 1882 Brown Back Fr. 475 The Paris NB Ch. # 5079
Only four Brown Backs are available to collectors from this short-lived bank that was in business from 1897 to 1907, as one of the five known examples is in the Moody holdings. This ex-Ivy Collection note still has legible signatures and is mostly problem free. Fine.

14399

Pharr, TX - $5 1929 Ty. 1 The First NB Ch. # 10169
Although a fair number of small notes exist, eighteen of the twenty-four pieces recorded are serial number 1 examples. This attractive Very Fine note will likely be a lot less expensive.

14400

Rio Grande, TX - $20 1929 Ty. 1 The First NB Ch. # 11591
The last appearance of this attractive and fully margined note was in our 2001 FUN Signature Auction, where it realized more than $1800. It remains one of the nicest small size pieces from this very scarce bank to have been offered since 2000. This is certainly as nice a Very Fine as one could ever hope to find.

14401

Rosebud, TX - $10 1929 Ty. 1 The First NB Ch. # 5513
A scarcer bank in small size than large, with this example one of only six pieces recorded from here in the census. Fine.

14402

Sabinal, TX - $20 1929 Ty. 1 The Sabinal NB Ch. # 7807
Although a fair number of large notes are known from this one bank community located in the so-called "Brush Country" south and west of San Antonio, the onset of the 1929 Depression caused the cash economy of many of these economically marginal and agriculturally dependent communities to virtually implode, with the result that many rural banks issued far fewer small notes than large. This is one of just three Series 1929 examples listed in the census from here. There is a small paper clip stain on the front, otherwise, this scarce item grades Fine.

14403

San Antonio, TX - $20 1902 Plain Back Fr. 653 The Alamo NB Ch. # 4525
We would like very much to call this note EF, though there is a lone fold too many for the full grade. The paper is most pleasing with bold signatures and a deep blue overprint. Very Fine-Extremely Fine.

14404

San Antonio, TX - $5 1902 Plain Back Fr. 606 The Frost NB Ch. # 5179
Bold printed signatures remain on this note from this privately named bank. Today, it is the largest National Bank in Texas. Very Fine-Extremely Fine.

14405

San Antonio, TX - $50 1902 Plain Back Fr. 682 The City NB Ch. # 5217
Certainly not a rare bank, but high denomination notes from Texas are not often available. Nice bright Fine with stamped signatures remaining.

14406

San Augustine, TX - $10 1929 Ty. 1 The First NB Ch. # 6214
From our 2007 FUN auction where the description read, "This addition to the census makes just six of the 1929 series verified as surviving to date. While the example we offer here is a well circulated Very Good, it is free from any distractions other than an easily removable teller's notation on the face and should sell in the range of..."

14407

Schwertner, TX - $10 1929 Ty. 1 The First NB Ch. # 10956
This is a very scarce Central Texas note from the only bank chartered in this rural Williamson County location. The president is Adolph Schwertner. He founded the eponymous community in 1903 when he built a cotton gin there. Fine with some black ink droplets near the left edge.

14408

Sealy, TX - $10 1902 Plain Back Fr. 624 The Sealy NB Ch. # 6390
This is an extremely rare bank which was missing from the Philpott, Everson and Irish collections. It's the only collectible bank in this Austin County locale (the one other issuing institution has one note known, and it is in the Moody Foundation holdings), and, with the other two notes offered in recent years in very strong hands, may be the only specimen from here available to collectors for quite some time. Fine+++, with a couple of trivial restorations barely visible without prolonged inspection.

14409

Sour Lake, TX - $20 1929 Ty. 1 The Citizens NB Ch. # 11021
An attractive example from the only bank to issue Series 1929 notes in this small SE Texas community. Very Fine.

14410

Stamford, TX - $5 1929 Ty. 1 The First NB Ch. # 13598
A simply lovely example bearing low serial number B000002A. It's been graded Choice About New 58PPQ by PCGS, a grade which certainly appears most conservative.

14411

Stephenville, TX - $20 1929 Ty. 2 Farmers-First NB Ch. # 12730
A more than acceptable piece which is one of only a literal handful of Type 2 notes reported from here. Fine+.

14412

Temple, TX - $10 1929 Ty. 1 The City NB Ch. # 6317
J.H. Davis, Jr. signs as Cashier and Charles M. Campbell signs as President on this first reported $10 note. With this bank previously represented by only two $20 notes in small, this piece will make a welcome addition to an advanced Texas holding. Fine-Very Fine.

14413

Terrell, TX - $20 1882 Brown Back Fr. 497 The First NB Ch. # 3816
This $20 Brown Back is the only Brown Back of any denomination from this bank in private hands, as the two ex-Philpott collection specimens are buried deep in the vaults of the Moody Foundation. Pen signed Fine-Very Fine, an important north Texas note likely to find a home in a major collection after the hammer falls this evening.

14414

Texarkana, TX - $10 1902 Plain Back Fr. 626 The Texarkana NB Ch. # (S)3785
The paper is solid on this original note, which displays stamped signatures. Fine.

14415

Thornton, TX - $20 1929 Ty. 1 The First NB Ch. # 8538
This is a lovely example which is easily the finest small note known from this one bank Limestone County location. Bright Very Fine-Extremely Fine.

14416

Throckmorton, TX - $5 1929 Ty. 2 The First NB Ch. # 6001
The census reports a total of 12 small notes, but only one other Type 2. In fact, this is the first Type 2 $5 to surface on this one bank town. Fine.

14417

Trenton, TX - $10 1929 Ty. 1 The First NB Ch. # 5737
A just plain rare note from the only bank to issue in this Fannin County hamlet. It appears Fine with a close cut at the top right, but there is a repair on the reverse where the right end of the note has been severed and reconnected.

14418

Vernon, TX - $20 1929 Ty. 2 The Herring NB Ch. # 7010
A decent circulated example from this always sought after location. This piece, which is new to the census, is the only Type 2 $20 reported from here to date. Fine.

14419

Victoria, TX - $5 1902 Plain Back Fr. 603 The Victoria NB Ch. # 10360
This is a solid and problem free Very Fine which has been off the market for some time.

14420

Waco, TX - $10 1882 Date Back Fr. 542 The Waco NB Ch. # (S)2189
From our 2006 FUN auction where it was described, "Not a single discouraging word can be said about this perfectly centered, lovely mid-grade Very Fine-Extremely Fine $10. The colors and signatures are especially bold. This is the highest graded Second Charter $10 in the census outside of the Philpott/Moody example." That night it realized $1840 on an estimate of $1000 - $1500. More of the same is expected tonight.

14421

Waco, TX - $10 1902 Date Back Fr. 616 The National City Bank Ch. # (S)6572
This is an elusive Waco bank with pen signatures of Assistant Cashier D. Morris and President W.D. Mayfield. The last appearance of this note was in our 2006 Central States Auction where it realized more than $900. Fine.

14422

Waco, TX - $20 1902 Plain Back Fr. 650 The National City Bank Ch. # (S)6572
This note is broadly margined with solid paper, though it is a touch toned. Very Fine.

14423

Waco, TX - $10 1902 Date Back Fr. 618 The Exchange NB Ch. # (S)8818
There are only four notes listed in the latest Kelly census though two are permanent fixtures in the Philpott/Moody Collection. Bright purple stamped signatures highlight this rarity, with a single spindle hole at the end of Vernon's signature noted. Expect some heated bidding amongst the Texas collectors. Very Good-Fine.

14424

Waco, TX - $20 1902 Plain Back Fr. 658 The Liberty NB Ch. # (S)11140
The paper is wholly intact and the signatures remain solid. PCGS Very Fine 20.

14425

Waxahachie, TX - $5 1929 Ty. 1 Citizens NB Ch. # 13516
A neat note from this well collected community. About Uncirculated, ex-Irish collection and bearing serial number B000005A.

14426

Weatherford, TX - $10 1902 Plain Back Fr. 624 The Citizens NB Ch. # 2723
While nationally chartered in 1882, this bank began business in 1868 and is said to be the oldest bank west of Fort Worth, which is 34 miles away. Light purple stamped signatures are noticed on this problem-free Fine example.

14427

Wellington, TX - $10 1929 Ty. 1 The First NB Ch. # 13249
A lovely serial number 1 example from the only sheet of the four extant which has been cut to date. Bright Choice Crisp Uncirculated, a premium piece certain to delight its fortunate new owner.

14428

Weslaco, TX - $5 1902 Plain Back Fr. 609 The First NB Ch. # 12641
With a tiny amount of $720 LSO reported in 1935, finding large size examples from here can prove daunting. This Fine note does display some stains.

14429

Weslaco, TX - $5 1929 Ty. 1 The First NB Ch. # 12641
Just six small to report for this Hidalgo County issuer. H.B. Seay signs as cashier and W.S. Ray as president. Fine.

14430

West, TX - $20 1929 Ty. 1 The NB of West Ch. # 8239
Both of the two Series 1929 issuers in this small McLennan County community are scarce, with this bank marginally the more available of the pair. Fine-Very Fine, with some penciled numbers to the right of the portrait.

14431

West, TX - $5 1929 Ty. 2 The West NB Ch. # 13935
A tougher note from one of central Texas' oldest Czech settlements. Very Good+.

14432

West, TX - $10 1929 Ty. 2 The West NB Ch. # 13935
A very scarce high charter example from a small town located just north of Waco. This serial number 2 example is a blazing gem which is certain to delight its new owner for many years. PCGS Gem New 65PPQ.

14433

West, TX - $10 1929 Ty. 2 The West NB Ch. # 13935
A high charter bank which issued for a limited time, with most all of the known specimens from here consisting of low number examples from cut sheets. Fine+.

14434

Whitney, TX - $10 1929 Ty. 1 The First NB Ch. # 7875
The 1929 census from here now stands at just six notes, of which tonight's offering is one of only three of the $10 Ty. 1's. Fine-Very Fine.

14435

Wichita Falls, TX - $5 1902 Plain Back Fr. 600 The City NB Ch. # 4248
This $5 exhibits even circulation and sound edges. The signatures are engraved. Very Fine.

14436

Wichita Falls, TX - $100 1929 Ty. 1 The City NB Ch. # 4248
Original paper surfaces are displayed on this hundred. Fine-Very Fine.

14437

Wichita Falls, TX - $5 1929 Ty. 2 Wichita NB Ch. # 13676
This well margined example retains bright color with pleasing even margins. Certainly worthy of the grade assigned. PMG Gem Uncirculated 65 EPQ.

14438

Wichita Falls, TX - $5 1929 Ty. 2 Wichita NB Ch. # 13676
A lovely note which comes to us via the Irish Collection sale, where it was lot 2040. Choice Crisp Uncirculated, a premium example.

14439

Winnsboro, TX - $20 1929 Ty. 1 The First NB Ch. # 5674
John A. Wright signs as cashier and Alf. Morris signs as president on this tough note that has a blue spot in the portrait. Very Good-Fine.

14440

Wortham, TX - $20 1929 Ty. 1 The First NB Ch. # 6686
This is a lightly handled Extremely Fine note which displays paper ripples. In the census for this Freestone County bank, not a single graded note surpasses the current offering, while only one note pulls even.

14441

Yoakum, TX - $10 1929 Ty. 2 The Yoakum NB Ch. # 8694
A pleasing note from the only collectible bank in this south Texas community. Thomas A. Ridgway signs as cashier and E.A. Palmer signs as president. Very Fine.

14442

Brigham City, UT - $5 1929 Ty. 1 The First NB Ch. # 6036
We are pleased to begin the most comprehensive offering of Utah National Bank Notes we have had in any CAA or Heritage sale with a truly rare Series 1929 example from the only bank to issue in remote Box Elder County. While large notes are occasionally offered from here, small examples are seldom seen, with Track and Price indicating only four such sales since 1976. Nice Fine, with considerable claim to an even higher grade.

14443

Coalville, UT - $5 1929 Ty. 2 The First NB Ch. # 7696
A high end example from this community's only bank. Bright Very Fine.

14444

Layton, UT - $10 1929 Ty. 1 The First NB Ch. # 7685
Despite a fair number of notes recorded in the census, auction appearances from this one bank community are few and far between, with only one small size offering between our May, 1991 sale and this evening. Very Good+.

14445

Logan, UT - $20 1929 Ty. 1 The First NB Ch. # 4670
A well centered and exceptionally bright example from this none too common bank. Like most of Utah's National Banks, this institution handily weathered the Depression, a testament to the thrift and discipline of the Mormon banking families responsible for managing these institutions. About Uncirculated.

14446

Moab, UT - $10 1929 Ty. 1 The First NB Ch. # 10925
A just plain scarce note from the only bank to issue in Moab, a city of about 5,000 people located on the Colorado River. The city took its name from the biblical settlement of the same name, sharing a similar desert climate with temperatures that range from 120 degrees above zero to 20 degrees below zero. It is located in remote Grand County, and, while we are not certain, may well be the single most isolated national currency issuer in the lower 48. Fine.

14447

Morgan, UT - $10 1902 Plain Back Fr. 624 The First NB Ch. # (P)6958
A significant Utah item which combines condition and rarity in equal measure. This is one of only two notes in the Kelly census of the eight large examples listed to grade better than Fine, and comes from a bank where Track and Price shows only three offerings of any kind since 1990. Extremely Fine, certain to see considerable interest from this state's many collectors.

14448

Murray, UT - $10 1929 Ty. 1 The First NB Ch. # 6558
This high grade example is one of the few really nice notes reported from this otherwise not exceptionally scarce bank. Extremely Fine.

14449

Nephi, UT - $5 1902 Plain Back Fr. 600 The First NB Ch. # (P)3537
Although this bank lasted until 1935, when it became one of the few in the state to enter receivership, it issued large notes only. Higher grade examples are especially scarce, with this piece one of only a few listed in the census which grades higher than Very Good. Very Fine.

14450

Nephi, UT - $5 1902 Plain Back Fr. 600 The Nephi NB Ch. # 8508
A very tough note from the second of Nephi's two issuers. This piece traces its pedigree back to a May, 1977 NASCA sale. Fine+.

14451

Nephi, UT - $10 1929 Ty. 1 The Nephi NB Ch. # 8508
Notes from this bank are considerably scarcer in small size than large, with only six single notes along with one uncut sheet comprising the entire census. Very Fine, with a small area of disturbed paper at the President's signature.

14452

Ogden, UT - $20 1882 Brown Back Fr. 504 The First NB Ch. # (P)2597
This institution was by far the biggest bank in the state outside of Salt Lake City, with a total issue of over $5,000,000 spread over five titles, a pittance by New York or San Francisco standards but huge for this sparsely populated state. As with many otherwise available western banks, early notes from here are quite rare, with one First Charter and three Brown Backs, one this note, making up the entire pre-Second Charter Date Back population. Very Fine, an important Utah rarity likely to see bidding easily reach and perhaps well exceed...

14453

Ogden, UT - $20 1882 Date Back Fr. 555 The First NB Ch. # (P)2597
An exceptionally rare Utah type and denomination, with this piece, which is new to the census, only the fourth example known from all banks in the state combined. Fine+++, with a tight top margin and a small paper pull on the back that affects little, a note that could well exceed our perhaps conservative estimate by a considerable margin.

14454

Ogden, UT - $10 1902 Plain Back Fr. 634 First Utah NB Ch. # 2597
This note bears the third title used here, and the last one used exclusively on large size notes. Fine-Very Fine, and bearing the signature of M.S. Eccles, the Utah banker who became an early member of FDR's brain trust. After a short stint as an assistant Secretary of the Treasury, Eccles was appointed Chairman of the Federal Reserve Board by Roosevelt in 1934, serving in that position until 1948, when policy differences with President Truman resulted in Truman declining to re-appoint him chairman, although he remained a Fed board member until 1951. The Washington headquarters building of the Federal Reserve System was renamed in Eccles' honor in 1982.

14455

Ogden, UT - $10 1902 Plain Back Fr. 634 The First NB Ch. # 2597
A large note bearing the fourth title used here, which is the one most often seen from this bank. Fine+.

14456

Ogden, UT - $20 1929 Ty. 1 The First NB Ch. # 2597
A high grade small size example bearing the bank's fourth title. Very Fine-Extremely Fine.

14457

Ogden, UT - $10 1902 Plain Back Fr. 624 The Utah NB Ch. # (P)2880
Large notes only from this considerably scarcer Ogden bank, which went out in 1922. Offerings, particularly of nice examples, have been few and far between in recent years. Fine-Very Fine, with bold black signatures.

14458

Ogden, UT - $20 1882 Brown Back Fr. 501 The Commercial NB Ch. # 3139
A wonderful Utah Brown Back which is an old friend, having last appeared in our first sale in November of 1990. One Territorial Brown Back is known from here, but, save for that example, this is the sole early note of any kind from this just plain rare Ogden bank. Seventeen years ago this note, a pen signed Fine, realized $907.50. Its rarity now firmly established, expect it to bring a substantial multiple of that figure this evening, likely in the area of...

14459

Ogden, UT - $10 1902 Date Back Fr. 616 The Commercial NB Ch. # (P)3139
Our consignor seldom bothered to obtain more than one note per title in both large and small size for any Utah bank, but when the opportunity to obtain this beauty arose in 1999 the quality of this note made it impossible to resist. This is easily the finest grade of the seven known state examples from this bank, with the eye appeal of a note pulled from the press this morning. The colors are bold, the embossing still fully evident, and the paper quality pristine save for the folds likely caused by storage and not circulation. Extremely Fine, a note fit for even the most discriminating of collectors.

14460

Ogden, UT - $20 1902 Date Back Fr. 642 The Pingree NB Ch. # (P)7296
A very scarce note bearing this title, the first used here. This piece is one of only three Date Backs in the census, and the only $20. Fine, with a huge vanity signature by the A. Cashier.

14461

Ogden, UT - $20 1929 Ty. 1 The NB of Commerce Ch. # 7296
A very scarce bank in small size, with the number of known examples still under a dozen pieces. Fine-Very Fine.

14462

Ogden, UT - $20 1902 Plain Back Fr. 650 The NB of Commerce Ch. # 7296
A high grade piece which is listed as the nicest large note in the census with this title. Extremely Fine, off the market since our consignor obtained it in a 1999 CAA sale.

14463

Price, UT - $10 1882 Brown Back Fr. 490 The First NB Ch. # (P)6012
A great note which is one of the key items in this Utah offering. This is the only Brown Back known from this very scarce bank. Fortunately for collectors, it is an attractive specimen boasting bright colors, sharp pen signatures, and plenty of eye appeal. It has been off the market since it last appeared in a 1988 auction, and its re-appearance in this sale gives another generation of collectors an opportunity to own what is easily the most significant note extant from this bank. Pleasing Fine-Very Fine, a note certain to delight its fortunate new owner.

14464

Price, UT - $5 1929 Ty. 2 The First NB Ch. # 6012
This piece, bearing low serial number A000006, is a truly worthy item to accompany the Brown Back from here offered above. Bright Crisp Uncirculated, a premium Utah small note.

14465

Salt Lake City, UT - $1 Original Fr. 382 The Deseret NB Ch. # 2059
A high grade Territorial ace which is one of the nicest examples in the census. While not an exceptionally rare Territorial, notes from this bank are always in demand because the bank was organized and directed by Brigham Young, whose clear signature as President adorns this specimen. Very Fine+, an example of great historic as well as numismatic interest.

14466

Salt Lake City, UT - $5 1882 Date Back Fr. 534 The Deseret NB Ch. # (P)2059
A gorgeous example with only the lightest traces of actual circulation. Extremely Fine-About Uncirculated, with full original embossing, great paper quality, and tons of eye appeal.

14467

Salt Lake City, UT - $5 1882 Date Back Fr. 534 The Deseret NB Ch. # (P)2059
A second example which is more than acceptable, although not nearly as high grade as the note above, PMG Very Good 10. It is still scarce enough to see bidding reach or exceed...

14468

Salt Lake City, UT - $5 1902 Plain Back Fr. 602 The Deseret NB Ch. # (P)2059
Plate engraved signatures of Young and Cutler are noted at bottom. Original paper and solid margins make up for the couple of stains that are present but hardly distracting. Very Fine.

14469

Salt Lake City, UT - $20 1902 Plain Back Fr. 654 The Deseret NB Ch. # (P)2059
A high grade example which is one of the nicest Blue Seals we've ever had to offer from this historic institution. Extremely Fine.

14470

Salt Lake City, UT - $10 1929 Ty. 1 The Deseret NB Ch. # 2059
Beautifully centered and well embossed, a real peach of a note and a testament to the amazingly high overall quality of this Utah collection. Choice Crisp Uncirculated.

14471

Salt Lake City, UT - $10 1929 Ty. 1 The First NB Ch. # 2059
A high grade piece bearing the second title used here, found on late issue Series 1929 examples only. Extremely Fine-About Uncirculated.

14472

Salt Lake City, UT - $10 1902 Plain Back Fr. 627 The NB of the Republic Ch. # (P)4310
A very scarce bank in high grade, with this piece one of only two in the census from this large only issuer grading higher than Very Fine. Sharp Extremely Fine-About Uncirculated, a premium example with great signatures and eye appeal.

14473

Salt Lake City, UT - $20 1882 Brown Back Fr. 501 The Utah NB Ch. # (P)4341
Still another extremely scarce early Utah example, with this the sole $20 Brown Back known from here. Fine-Very Fine.

14474

Salt Lake City, UT - $10 1929 Ty. 1 The Utah State NB Ch. # 4341
A high grade example bearing the bank's second issuing title. It's listed in the census as CU, but we will be conservative and label it as About Uncirculated.

14475

Salt Lake City, UT - $10 1929 Ty. 1 The Continental NB Ch. # 9403
A nice example from an otherwise common SLC bank. Extremely Fine-About Uncirculated.

14476

Salt Lake City, UT - $10 1929 Ty. 1 The Continental NB & TC Ch. # 9403
A high grade specimen bearing the second title used here. Extremely Fine-About Uncirculated.

14477

Salt Lake City, UT - $5 1902 Plain Back Fr. 600 The National Copper Bank Ch. # (P)9652
A lovely note with huge margins, vivid inks, and exceptional eye appeal, head and shoulders above what is usually available from this nicely titled Utah bank. Extremely Fine+++.

14478

Salt Lake City, UT - $20 1929 Ty. 1 The National Copper Bank Ch. # 9652
Although small notes are not especially scarce from this bank, high grade pieces are notoriously hard to find, with this example a happy exception. Extremely Fine-About Uncirculated.

14479

Salt Lake City, UT - $10 1929 Ty. 1 Security NB Ch. # 9652
A high grade piece bearing the second title used here. Extremely Fine, with a small stain well out in the right margin.

14480

Salt Lake City, UT - $10 1902 Plain Back Fr. 627 The National City Bank Ch. # (P)10308
This was one of Salt Lake City's shorted lived banks, lasting for only a decade between 1912 and 1922. Fewer than a dozen notes make up the entire census from here, with this piece somewhat nicer than the specimen from this bank we sold last year which realized $1667.50. Fine.

14481

Spanish Fork, UT - $10 1929 Ty. 1 The First NB Ch. # 9111
This is one of the classic National Bank Note rarities which has been sought after for decades by collectors of both fancy name as well as Utah notes. The sole bank in this obscure Utah County location, it's also the only collectible bank in the county, as both Provo City banks are still unreported. Just four large and three small notes are known, with Track and Price reporting only three appearances at public sale during the past twenty years, one of which was this note when it sold to our consignor back in 1991. It realized $2200 at that sale, a huge price for any small note in that era. The last Series 1929 example to appear was in similar grade and realized almost triple that figure ($6160) in 1999. With demand for rarities at an all time high, expect this great note to now easily reach and perhaps well exceed our likely conservative estimate. Fine.

14482

Brattleboro, VT - $5 1875 Fr. 401 The Peoples NB Ch. # 2305
Large notes only from this Brattleboro bank. The margins are a bit close in the typical New England style, but the note is bright and grades a conservative About Fine with a few margin issues.

14483

North Bennington, VT - $5 1875 Fr. 401 The First NB Ch. # 194
This bank was chartered in 1864 and issued through the 1929 series, with its large size emissions aggregating 20 different types and denominations. While an apparently not particularly challenging 29 large notes are listed in the census, just two are of the 1875 series, both $10 notes, and this is the only $5 of either the Original or 1875 Series available from here. It should also be noted that just 17 $5 Originals are known for the entire state along with 22 $5 1875 Series. This is a very scarce item from here and although only Very Good, it should be worth in the vicinity of...

14484

Rutland, VT - $10 1929 Ty. 1 The Rutland County NB Ch. # 820
A very scarce bank, especially in small size, where the census shows just eight examples. Bright Extremely Fine.

14485

Rutland, VT - $20 1902 Plain Back Fr. 650 The Clement NB Ch. # 2950
A handsome example from this tough Rutland bank. Very Fine-Extremely Fine, with strong black signatures.

14486

Abingdon, VA - $5 1882 Value Back Fr. 574 The First NB Ch. # (S)5150
A well circulated example still exhibiting pen signatures. An elusive type from here with just two $5 Value Backs known. Very Good.

14487

Abingdon, VA - $5 1902 Plain Back Fr. 606 The First NB Ch. # 5150
Blue signatures are light, but still present. Despite a rather large population of survivors from this Washington County bank, only one other note has been offered at public auction since the beginning of 2003. Very Fine.

14488

Charlottesville, VA - $20 1902 Plain Back Fr. 657 NB & TC Ch. # 10618
This new to the census discovery raises the number of large notes bearing this title to all of two, with the other example not appearing publicly since an auction offering nearly ten years ago. Notes with this title were issued for only fourteen months, making their scarcity no surprise. Nice Fine, with clear red signatures.

14489

Culpepper, VA - $10 1902 Plain Back Fr. 633 The Culpepper NB Ch. # 5591
Auction appearances of large size notes from this bank are few and far between. A few pinholes at left are seen on this example with purple signatures. Fine.

14490

Emporia, VA - $5 1929 Ty. 1 The Citizens NB Ch. # 12240
A scarce note in small size with only seven currently known. This example gives another collector a chance to own a note from here. Very Good-Fine.

14491

Lawrenceville, VA - $20 1902 Plain Back Fr. 652 The First NB Ch. # (S)9433
A very rare note from the only bank to issue in Brunswick County in rural southside Virginia. Only large examples were issued from here, with the census standing at just six notes. We sold this note in our January, 2003 sale, describing it as "Fine, but severed in two and very poorly repaired. With professional restoration, this rare note would likely be quite attractive." It has now had that professional restoration and is now quite presentable. Fine in appearance, restored.

14492

Lexington, VA - $20 1929 Ty. 1 The First NB Ch. # 4314
Only six small size notes are known from this bank, with this new addition possessing some foxing along the edges. Fine+.

14493

Mount Jackson, VA - $20 1902 Plain Back Fr. 650 The Mount Jackson NB Ch. # 3209
Solid margins are noted on this lightly toned issue. The stamped signatures are bold. Very Fine.

14494

Norfolk, VA - $20 1902 Plain Back Fr. 654 The Seaboard Citizens NB Ch. # 10194
An old friend returns after a seven year hiatus. This bank was the last from here to gain a federal charter and issued under two titles. This was the second. It remains a fresh and bright example of its design type with wonderful pen signatures.

14495

Norton, VA - $10 1902 Date Back Fr. 619 The NB of Norton Ch. # (S)9746
A small group of Series 1929 examples exist from here, but large notes on this bank are just plain scarce, with only five listed in the Kelly census. This Very Good-Fine. note becomes the first reported $10 Date Back.

14496

Pulaski, VA - $20 1929 Ty. 2 The Pulaski NB Ch. # 4071
A rather scarce bank in small size, with fewer than a dozen pieces listed in the Kelly census. Most are low grade, with this example, which is one of only two Type 2 twenties known, a happy exception. Extremely Fine.

14497

Richlands, VA - $5 1929 Ty. 1 The Richlands NB Ch. # 10857
A very rare note which comes from considerably the scarcer of Richlands' two issuers. While several large notes from here have been offered, it has been over five years since any small example was available at public sale. Fine-Very Fine.

14498

Stuart, VA - $10 1929 Ty. 1 The First NB Ch. # 11901
A new to the census example from this scarce Patrick County bank, the sole issuer in this small community. Fine+.

14499

Tazewell, VA - $5 1929 Ty. 2 Tazewell NB Ch. # 6123
An extremely scarce bank in both large and small size, with this example the first Type 2 of any denomination reported from here. Fine+, just about as nice as the small note from this bank which fetched $1725 in our January auction.

14500

Winchester, VA - $10 1902 Plain Back Fr. 625 The Shenandoah Valley NB Ch. # 1635
A pleasing mid-grade example from a well collected community. One of the nicer examples known from here with purple signatures. Extremely Fine.

14501

Aberdeen, WA - $10 1929 Ty. 1 The American NB Ch. # 13091
A nice example which is one of the nicer Series 1929 specimens known from here. Very Fine.

14502

Bellingham, WA - $5 1929 Ty. 2 The First NB Ch. # 7372
A bright and fresh example from the first sheet of Type 2 fives, with this piece bearing low serial number A000004. About Uncirculated, with a few miniscule flyspeck spots on the front.
From The Walla Walla Collection

14503

Colfax, WA - $20 1929 Ty. 1 The Colfax NB Ch. # 7095
The usual circulation is displayed by this example that remains intact. Very Good.

14504

Dayton, WA - $20 1902 Plain Back Fr. 650 The Columbia NB Ch. # 2772
Well circulated and rather nastily stained, but certainly scarce enough to merit inclusion here as a single lot. Good-Very Good, with surprisingly undisturbed pen signatures.
From The Walla Walla Collection

14505

Dayton, WA - $20 1929 Ty. 1 The Broughton NB Ch. # 9443
A decent small example from this private name bank. Very Good-Fine, with the signature of C.J. Broughton as President.
From The Walla Walla Collection

14506

Dayton, WA - $20 1929 Ty. 2 The Broughton NB Ch. # 9443
This new to the census example is one of the very few nice grade notes known from this private name issuer. It's also the first Type 2 twenty reported from here as well. Pleasing Fine-Very Fine.
From The Walla Walla Collection

14507

Ellensburg, WA - $10 1929 Ty. 1 The Washington NB Ch. # 9079
A Choice About Uncirculated note from a tightly clustered group of this type and denomination listed variously in the census as AU or CU. The collecting fraternity is indeed fortunate to benefit from the foresight of the individual who set aside a run of nicer material from here many years ago. Tonight's example has all the eye appeal of a Choice CU or better note, yet displays only a faint and quite difficult to detect center fold. With increased interest in Washington issues, we expect this piece from our 2006 Central States Auction to exceed its previous price realized of $1,150.

14508

Ellensburg, WA - $20 1929 Ty. 1 The Washington NB Ch. # 9079
A high grade example possessing plenty of eye appeal. Extremely Fine+.
From The Walla Walla Collection

14509

Ellensburg, WA - $10 1902 Plain Back Fr. 632 The NB of Ellensburg Ch. # 11045
This bank was by far the scarcer of Ellensburg's two Blue Seal issuers, with large offerings from here few and far between in recent years. Just seven large examples are listed in the census, with this a new entrant to that listing. Very Fine, with the signatures a bit faded and a couple of minor margin splits that must be mentioned as well.
From The Walla Walla Collection

14510

Everett, WA - $20 1929 Ty. 1 The First NB Ch. # 4686
This note is a solid note for the grade and will enable someone to cross a bank off of his wantlist. Fine-Very Fine.

14511

Montesano, WA - $20 1902 Plain Back Fr. 659 The Montesano NB Ch. # 5472
This Grays Harbor County bank issued more than a half million dollars in Nationals, though by 1935 a mere $1,700 in large size notes was still outstanding. This discovery note is a welcome newcomer to the census as it is the only $20 denomination reported to date. Full margins on all sides and solid paper add to the appeal of this wholly original piece. Fine-Very Fine.

14512

Palouse, WA - $5 1929 Ty. 1 The Security NB Ch. # 12184
Despite receiving its charter in 1922, this bank elected to issue Series 1929 examples only. Just a dozen examples are known, with not one in the current census grading higher than Fine-Very Fine. Fortunately for collectors, this newly discovered example is considerably nicer than any previously listed, grading a strong Extremely Fine. Expect bidding to easily reach and possibly well exceed our likely conservative estimate of...
From The Walla Walla Collection

14513

Pullman, WA - $20 1929 Ty. 1 The First NB Ch. # 4699
Past offerings have been rather slim from this Whitman County issuer. Expect a realization on this Fine-Very Fine note with an ever so slight stain at lower right in the area of...
From The Walla Walla Collection

14514

Seattle, WA - $50 1902 Date Back Fr. 670 The Seattle NB Ch. # (P)4229
This new entrant to the census grading Fine exhibits a few pinholes in the portrait area.

14515

Seattle, WA - $100 1902 Plain Back Fr. 701 The NB of Commerce Ch. # 4375
Interesting fancy signatures are noticed on this "Devil's note" which carries the serial number "666". A couple minor teller stamps do little to mar the overall appearance of this example. Very Fine.

14516

Seattle, WA - $20 1929 Ty. 2 First NB Ch. # 11280
This bank issued nationals under four different titles, with three titles being used on the small size nationals alone. Collecting different bank titles on the same charter number can be challenging and rewarding at the same time. Very Fine+.

14517

Spokane, WA - $10 1929 Ty. 1 The Old NB & Union TC Ch. # 4668
There were only two banks in Spokane that issued Series 1929 notes. Fine.

14518

Spokane, WA - $5 1902 Plain Back Fr. 609 The Brotherhoods Co-Operative NB Ch. # 12418
This institution was one of a number of National Banks organized under the aegis of various labor unions during the 1920's, most, although not all, sponsored by railway labor groups. The large majority of these banks were successful in their early years, but fell victim to the Depression early on, as the number of bad loans skyrocketed amidst mounting unemployment amongst the rail workers. This institution failed to even make it to the Crash of 1929, having closed its doors earlier that year. Notes from here, while not rare, are predominantly low grade. This piece, however, is a happy exception, grading a pretty Fine-Very Fine, with strong signatures and bright inks. It's easily the nicest example from here seen at auction for at least the past decade, and one which is likely to realize...
From The Walla Walla Collection

14519

Stanwood, WA - $20 1929 Ty. 1 The First NB Ch. # 11935
This $20 and five other individual Series 1929 notes and an uncut sheet comprise the total census population for this charter number. The last time we sold a note on this bank was in November 1992. This note grades Fine-Very Fine with a missing lower right corner barely into the design.

14520

Walla Walla, WA - $5 1902 Plain Back Fr. 606 The First NB Ch. # 2380
While not truly rare, notes from this interestingly named community have always seen outsized demand along with strong prices. Despite a light stain in the right margin, this is easily one of the nicer examples from here we've seen. Very Fine, with clear signatures, a rarity for this bank's notes, and cut a bit close at the bottom, very typical for examples from here.
From The Walla Walla Collection

14521

Walla Walla, WA - $5 1902 Plain Back Fr. 606 The First NB Ch. # (P)2380
A much in demand item from a bank which issued large notes only. This is the first $5 Blue Seal we can recall seeing from here which bears the regional sorting letter. Very Good-Fine.
From The Walla Walla Collection

14522

Walla Walla, WA - $20 1929 Ty. 1 The Baker-Boyer NB Ch. # 3956
This is one of the classic small size rarities, combining as it does a neat private name title with a much desired town name. This bank has seen only a literal handful of auction appearances over the past quarter century and only one since 1995, with that one offering coming in 2004, when a Fine 1929 specimen realized $4140. This piece, newly discovered and offered here to the collecting public for the first time at public sale, is a beautiful example with bright white paper, great eye appeal, and barely any traces of real circulation. Extremely Fine, a great Washington note which offers everything a collector could ask for and more.
From The Walla Walla Collection

14523

Wenatchee, WA - $20 1929 Ty. 2 The First NB Ch. # 8064
This pleasing Very Fine example is a new addition to the census on this bank with numerous serial number one notes to its credit. Bright with some embossing remaining.
From The Walla Walla Collection

14524

Yakima, WA - $20 1902 Plain Back Fr. 650 First NB Ch. # 3355
The second of three titles used by this bank, which is dirt common in small size and unaccountably rare in large. The census stands at just six pieces, only four of which bear the "Yakima" nomenclature. This example, which is new to that listing, is easily the finest of that small group. Bright Very Fine-Extremely Fine, with strong two color signatures. A tiny margin split at the top affects little on this significant Washington state rarity.
From The Walla Walla Collection

14525

Elkins, WV - $5 1929 Ty. 2 The Tygarts Valley NB Ch. # 14002
A bright and fresh example with loads of originality, ex Hickman-Oakes' November 181 auction, lot 420. Very Choice Crisp Uncirculated, a lovely 14000 charter example.
From The Thomas A. Bergin Collection

14526

Fairmont, WV - $5 1902 Plain Back Fr. 600 The NB of Fairmont Ch. # 9462
This consecutive pair cut from a sheet has been mishandled with numerous pinholes noticed. The color and embossing reflects that seen on new notes. Very Fine.

14527

Martinsburg, WV - $10 1929 Ty. 2 The Citizens NB Ch. # 4811
Martinsburg, WV - $20 1929 Ty. 1 The Citizens NB Ch. # 4811
Plenty of paper originality is seen on this pair with the $10 Ty. 2 grading XF and the $20 Ty. 1 grading AU.

14528

Morgantown, WV - $10 1882 Brown Back Fr. 490 The Second NB Ch. # (S)2458
The census from here includes nine large size notes. This Very Good+ example, listed in the census as a Fine, is the sole surviving Brown Back of either of the two denominations issued from this bank. The delicate officers' black ink signatures are still readily legible and the overall appearance is very presentable for a note with some experience. Brown Backs from West Virginia are an especially elusive type with a few more than one hundred known in total from all banks.

14529

Morgantown, WV - $10 1902 Plain Back Fr. 633 The Second NB Ch. # 2458
This original issue was last seen at public auction in 2001. Since that time, only two other notes from this bank made major auction appearances. A look at the census reveals that no issue from this bank grades better than Fine. While the eye appeal of this issue is Fine or better, we must grade it Very Good-Fine. A small split is noted on one of the folds, but does not negatively affect the eye appeal.

14530

Parkersburg, WV - $10 1882 Brown Back Fr. 490 The Citizens NB Ch. # (S)2649
Almost ten years have passed since a Brown Back from here has been made available to collectors. Strong stamped signatures remain on paper that has been broken by a small split at upper right and a of couple pinholes. Very Good+.

14531

Wheeling, WV - $1 Original Fr. 380 The First NB Ch. # 360
An extremely rare West Virginia type and denomination from an scarce West Virginia bank. Just three notes are known from this institution, which issued Original Series First Charters only before liquidating in 1875. The Gengerke data shows no offerings of any kind from here since an appearance on a Hickman and Waters fixed price list thirty-six years ago. Any First Charter ace from West Virginia is a rare note indeed, with the Kelly census showing just five such examples, with the highest grade listed as Fine. This piece is new to that listing, and quite likely the nicest ace known from the state. Very Fine.

14532

Antigo, WI - $10 1929 Ty. 1 The First NB Ch. # 5143
A high grade small example from this Langlade County issuer. Bright Extremely Fine.

14533

Appleton, WI - $20 1882 Brown Back Fr. 504 The Commercial NB Ch. # (M)2565
A high grade $20 Brown Back with barely any traces of real circulation. This new to the census example is far and away the finest Brown Back known from this bank and is now likely worth a nice multiple of the $135 our consignor paid for it twenty five years ago. Extremely Fine-About Uncirculated.
From The John Ameen Collection

14534

Ashland, WI - $50 1929 Ty. 1 The Ashland NB Ch. # 3196
High denominations only from this tough bank in small size. Fine, a note which has been off the market since its last appearance in a Kurt Krueger auction in 1980.

14535

Ashland, WI - $20 1929 Ty. 2 The Union NB Ch. # 13870
A scarcer Ashland bank with only two auction offerings in the past fifteen years. Fine, with a bit of soiling on the face.
From The Walla Walla Collection

14536

De Pere, WI - $10 1902 Plain Back Fr. 624 The NB of De Pere Ch. # (M)6469
A nice pen signed Fine example from the only collectible bank in this Brown County community.

14537

Glenwood City, WI - $5 1902 Plain Back Fr. 606 The Farmers NB Ch. # 11083
A very scarce western Wisconsin bank with only six large notes reported, including this new to the market example. This was the sole bank in this small community, and there has only been one offering of any kind from here in the past eleven years, with that note, very similar in grade to this example, realizing $7475 when auctioned in 2005. This piece comes from the family of the President, C.J. Booth, and the lot comes with Mr. Booth's rubber stamp which he used to affix his signature to these notes. The note grades Fine+++, and the rubber stamp is ungraded, as the two major grading services have yet to design a holder for such items.

14538

Grand Rapids, WI - $20 1902 Plain Back Fr. 654 The Wood County NB Ch. # (M)4639
An evenly circulated large example bearing the first name used by this community, which changed its name to Wisconsin Rapids in 1920. Fine, signed by J.J. Wood as President.

14539

Grand Rapids, WI - $10 1902 Plain Back Fr. 629 The Citizens NB Ch. # (M)10330
As nice a large example from this avidly collected community as we've seen in several years. This is a fully embossed piece with great color and signatures, with its only flaw a tight top margin that takes it out of the Choice ranks. Crisp Uncirculated.

14540

Grand Rapids, WI - $20 1902 Plain Back Fr. 655 The Citizens NB Ch. # (M)10330
A second nice large example, this also from the 1980 Kurt Krueger Numismatists of Wisconsin sale. Very Fine.

14541

Green Bay, WI - $10 1882 Brown Back Fr. 487 The Kellogg NB Ch. # (M)2132
A handsome Brown Back with as dark a face printing as we can recall seeing on any example of its type, with the seal and overprint a very deep chocolate brown color, while the colors on the back could be just a touch stronger. Extremely Fine.

14542

Green Bay, WI - $10 1902 Plain Back Fr. 628 The McCartney NB Ch. # (M)4783
A nicely margined large example displaying no problems whatever. Fine-Very Fine.

14543

Hartford, WI - $5 1902 Date Back Fr. 592 The First NB Ch. # (M)8671
Although a fair number of notes from this institution exist, most have been closely held for many years, with offerings in this decade, particularly of large size examples, few and far between. Very Good-Fine, closer to the higher grade than the lower.

14544

Hurley, WI - $5 1929 Ty. 1 The Hurley NB Ch. # 11594
Fives only in both large and small size from this scarce Iron County bank, with Series 1929 examples being just a bit scarcer than large. Fine, a popular location that is always in short supply.

14545

La Crosse, WI - $1 1875 Fr. 384 The La Crosse NB Ch. # 2344
A banker had the sense to set aside a large number of aces from this bank including many of the notes serial numbers 1 through 100. This piece is serial number 74 and like so many from that group, it saw extensive use in the Wisconsin channels of commerce. A couple of splits, including a large repaired tear and a missing corner must be mentioned for the sake of accuracy. Very Good.

14546

Ladysmith, WI - $5 1929 Ty. 1 The Pioneer NB Ch. # 11826
Fives only from this bank in both large and small size, with this example considerably superior to most that we've seen. Pleasing Very Fine, a nice note bearing an interesting and sought after town name.

14547

Lake Geneva, WI - $10 1882 Date Back Fr. 545 The Farmers NB Ch. # (M)5592
Fewer than ten large notes of all types and denominations are known from this scarce Lake Geneva bank, with this the only Date Back reported. It's the earliest note reported from this well collected institution, one of only two to issue in this well known vacation community. Pen signed Fine.

14548

Madison, WI - $10 1902 Plain Back Fr. 626 The Commercial NB Ch. # 9153
Some purple ink is visible on the back, perhaps transfer from the stamped purple signatures. Nice and bright, a pleasing capital note from the home of the Badgers. Very Fine-Extremely Fine.

14549

Manitowoc, WI - $10 1882 Brown Back Fr. 487 The NB of Manitowoc Ch. # (M)4975
An attractive $10 Brown Back with nice margins all around. Bright Very Fine-Extremely Fine, with the appearance of an even higher grade piece at first glance.

14550

Marinette, WI - $5 1882 Brown Back Fr. 471 The Stephenson NB Ch. # 4137
This becomes only the fifth Brown Back known from this bank. The signatures are quite strong, but the lower left corner is missing. A few pinholes are also strewn about. Rarity will be the bidding factor here. Technically VG, but Good-Very Good because of the damage sustained.
From The Walla Walla Collection

14551

Merrill, WI - $10 1902 Plain Back Fr. 628 The Citizens NB Ch. # 10176
A lovely note which is one of a small run of uncirculated examples known from here. When we say a "small run" we mean just that, as the last example from this group offered at public sale appeared in a 2001 auction. Bright Choice Crisp Uncirculated, with great pen signatures.

14552

Milwaukee, WI - $10 1882 Date Back Fr. 540 The Wisconsin NB Ch. # (M)4817
A very attractive, bright Very Fine-Extremely Fine from a bank which closed in 1919 and was absorbed into the First National Bank, forming the First Wisconsin National Bank. Nicely margined and with vivid black officers' signatures.

14553

Milwaukee, WI - $5 1882 Value Back Fr. 574 The Marine NB Ch. # (M)5458
A decent circulated $5 Value Back which is perfect for type. Fine.

14554

Milwaukee, WI - $10 1882 Value Back Fr. 577 The Marine NB Ch. # (M)5458
A second circulated Value Back from this large Milwaukee bank, making it an ideal type note. Very Good-Fine.

14555

Milwaukee, WI - $5 1929 Ty. 1 The Mechanics NB Ch. # 12816
Notes from this institution, which failed in 1930, are by far the most difficult to find of any of Milwaukee's small size issuers. Interestingly, after the bank failed its assets were acquired by the Bay View State Bank located on the city's southeast side. That bank converted to national status and issued Bay View NB notes under the acquired charter, which was actually that of this institution. Thus two banks, each in a different location, issued notes using one charter number, a rare if not unique occurrence. This is one of just ten examples listed in the census bearing this title. Fine.

14556

Neenah, WI - $100 1929 Ty. 1 The First NB Ch. # 1602
An above average high denomination example from this well collected bank. Extremely Fine, with a tiny ink stain in the bottom margin which is barely worthy of mention.

14557

Oconomowoc, WI - $20 1902 Plain Back Fr. 659 The First NB Ch. # 5505
While the number of notes known from this bank is not miniscule, all but a couple of small notes have been tightly held for years. Track and Price shows no offerings of any large note from this bank for the past twenty years. Fine-Very Fine, but cut into the design at the bottom, with a strip of the note above visible at the top.

14558

Oconomowoc, WI - $20 1929 Ty. 2 The Oconomowoc NB Ch. # 13616
This is a very scarce bank, with only two appearances at public sale since 1996. Nice Very Fine.

14559

Princeton, WI - $10 1929 Ty. 2 Farmers-Merchants NB Ch. # 13904
A fresh and attractive piece with just enough handling to remove it from the gem category. Choice Crisp Uncirculated.

14560

Racine, WI - $10 1902 Date Back Fr. 616 The First NB Ch. # (M)457
Although Series 1929 notes from this bank are plentiful, large notes from here are quite rare, with this institution redeeming its circulation in 1917 and issuing no Plain Back examples whatever. The Kelly census shows just seven large size examples known from this bank, and Track and Price shows no appearances of any large note from here at public sale during the past two decades. Fine.

14561

Racine, WI - $10 1929 Ty. 1 First NB & TC Ch. # 457
By far the highest grade small size note we've ever had to offer from here. Gem Crisp Uncirculated with natural paper wave and embossing.

14562

Racine, WI - $20 1902 Plain Back Fr. 653 The Manufacturers NB Ch. # (M)1802
This scarce Racine bank issued large notes only, with the census standing at just fourteen pieces. Surprisingly, only two of that number as 1902 Plain Backs, with this example, which is new to the census, the only $20 reported. Fine or a bit better.

14563

Rice Lake, WI - $10 1929 Ty. 2 The First NB Ch. # 6663
A well centered beauty bearing desirable low serial number A000005. Gem Crisp Uncirculated, a premium example in every respect.

14564

Stevens Point, WI - $10 1929 Ty. 1 The Citizens NB Ch. # 4912
A nice small example from one of the most avidly collected communities in the nation. Fine-Very Fine.

14565

Superior, WI - $20 1929 Ty. 1 The United States NB Ch. # 9140
A touch of handing at right precludes a full Choice Uncirculated grade on this Lake Superior harbor town note. The paper is ideally original with bold embossing. Choice About Uncirculated.

14566

Waukesha, WI - $100 1929 Ty. 1 The Waukesha NB Ch. # 1086
An attractive high denomination example from this well collected southern Wisconsin community. Extremely Fine.

14567

West Allis, WI - $10 1902 Plain Back Fr. 624 The First NB Ch. # (M)6908
This bright representative is a pleasing note on a popular Milwaukee suburb. The attractive blue signatures were rubber stamped. Very Fine.

14568

Wisconsin Rapids, WI - $10 1929 Ty. 1 The Wood County NB Ch. # 4639
This pleasing original paper issue shows all the right paper waves in all the right places. The embossing of the serial numbers is also present. PMG Choice Uncirculated 64 EPQ.

14569

Casper, WY - $20 1902 Plain Back Fr. 650 The Stockmen's NB Ch. # (W)7083
Large notes only from this very scarce bank, with the census from here standing at fewer than a dozen examples. This piece is new to that listing, grading Fine overall, but a stain in the tombstone suggests a fairer grade here would be About Fine.

14570

Cody, WY - $20 1929 Ty. 1 The First NB Ch. # 7319
A very scarce note from a much in demand location, with this piece new to the census, and offered here for the first time at public sale. Fine++, with a few pinholes and a touch of ink on the back that is barely worthy of mention.
From The Walla Walla Collection

14571

Evanston, WY - $20 1902 Plain Back Fr. 652 The Evanston NB Ch. # 8612
Well circulated and with a split near the bottom serial number, but scarce enough to be of considerable interest to this state's many collectors. Very Good.

14572

Kemmerer, WY - $20 1902 Plain Back Fr. 659 The First NB Ch. # (W)5480
A decent overprint and boldly printed design elements assist in the eye appeal. At one point a professional restoration of the top edge was done and is really only visible when candled. Very Fine.

14573

Laramie, WY - $10 1929 Ty. 1 The First NB Ch. # 4989
Wyoming notes are always needed by state collectors and this problem free Very Fine-Extremely Fine $10 will be actively pursued.

Session 4

Small Size

14574

Fr. 1500 $1 1928 Legal Tender Note. CGA Gem Uncirculated 67.
Here is another pleasing example that offers nice margins and bright inks.

14575

Fr. 1500 $1 1928 Legal Tender Note. CGA Gem Uncirculated 67.
This note bucks the usual trend for Fr. 1500 as it has a larger than normal fourth margin to go along with three other broad margins. Embossing and natural paper wave are easily seen through the third-party holder.

14576

Fr. 1500 $1 1928 Legal Tender Note. PCGS Gem New 66PPQ.
A blazingly original issue with pleasing paper waves and bold embossing.

14577

Fr. 1500 $1 1928 Legal Tender Note. PMG Gem Uncirculated 66 EPQ.
This ace with original surfaces needs just a little more top margin to propel itself to a higher grade level. Still, the margins are far better than often seen on notes from the beginning of the printing run for this Friedberg number.
From The John Ameen Collection

14578

Fr. 1500 $1 1928 Legal Tender Note. PMG Gem Uncirculated 65 EPQ.
The "EPQ" designation is clearly right on the money. We suspect this note would have earned an additional point or two with an ever so slight centering shift to the right.

14579

Fr. 1500 $1 1928 Legal Tender Note. CGA Gem Uncirculated 65.
A bright and well margined example of this popular Legal Tender type that exhibits fiery red inks and bold embossing. It sports a low four digit serial number indicating it was one of the notes which entered circulation in Washington DC rather than Puerto Rico.

14580

Fr. 1500 $1 1928 Legal Tender Note. CGA Gem Uncirculated 65.
A bright and well margined example of this popular Legal Tender type that exhibits fiery red inks and bold embossing.

14581

Fr. 1500 $1 1928 Legal Tender Note. PCGS Very Choice New 64PPQ.
Just a touch more top margin and this lovely note is surely a gem. Bright inks and plenty of embossing highlight this nicely centered example.

14582

Fr. 1500 $1 1928 Legal Tender Note. PCGS Very Choice New 64PPQ.
A tight upper margin is all that keeps this prominently embossed note from a higher grade.
From The Thomas A. Bergin Collection

14583

Fr. 1500 $1 1928 Legal Tender Note. PCGS Very Choice New 64PPQ.
Bright fire engine red color leaps from the surface of this one year type note.
From The Thomas A. Bergin Collection

14584

Fr. 1500 $1 1928 Legal Tender Note. PMG Choice Uncirculated 64 EPQ.
This pleasing red seal is bright, crisp, and just a hair away from the full Gem grade.
From The Warren Marshall Collection

14585

Fr. 1500 $1 1928 Legal Tender Note. Very Choice Crisp Uncirculated.
This Ace has broad margins for the issue plus it possesses easily viewed embossing.

14586

Fr. 1500 $1 1928 Legal Tender Note. PMG Choice Uncirculated 63 EPQ.
Serial Number 16
This note carries desirable low serial number A00000016A and is from the second sheet of these one year type notes printed. Wonderful eye appeal and a great serial number, the lowest of which we have offered in quite some time, should generate much interest. An as made wrinkle is seen in the upper margin at left.

14587

Fr. 1500 $1 1928 Legal Tender Note. PMG Choice Uncirculated 63 EPQ.
Bold embossing is noted through the third party holder.

14588

Fr. 1500 $1 1928 Legal Tender Note. PCGS Choice New 63PPQ.
A tight bottom margin which is so often the case keeps this bright note from a higher grade.

14589

Fr. 1500 $1 1928 Legal Tender Note. PCGS Choice New 63PPQ.
The overprint and paper quality are sufficient for a full Gem grade and the overall eye appeal is most pleasing. The top and bottom margins a little uneven, accounting for the grade.

14590

Fr. 1500 $1 1928 Legal Tender Note. PCGS Choice New 63PPQ.
Cavernous embossing is noted on this boldly original note. The bottom margin is a touch small, limiting the grade.

14591

Fr. 1500 $1 1928 Legal Tender Note. PCGS Choice New 63PPQ.
Low four digit serial number 4667 graces this ever popular small size issue.
From The Drew Keough Collection

14592

Fr. 1501 $2 1928* Legal Tender Note. PCGS Very Choice New 64PPQ.
This is a beautifully bright and fully embossed example of this rare star. We said this the first time when we sold this note and it still holds true today.
From The Drew Keough Collection

14593

Fr. 1502 $2 1928A Legal Tender Note. CGA Gem Uncirculated 67.
Strong, original embossing is seen through the third party holder on this elusive semi-key to the series.

14594

Fr. 1502 $2 1928A Legal Tender Note. PMG Choice Uncirculated 64 EPQ.
This well margined and bright representative is from the elusive B-A block.

14595

Fr. 1502 $2 1928A Legal Tender Note. PCGS Very Choice New 64PPQ.
The originality of this well margined note is clearly evident.

14596

Fr. 1502* $2 1928A Legal Tender Note. Fine.
The paper on this issue is as firm as one would expect from a full VF, but there is a touch too much soiling for that grade. The overprint is sufficiently bright and the margins full.
From The Drew Keough Collection

14597

Fr. 1503 $2 1928B Legal Tender Note. PCGS Very Choice New 64PPQ.
A lovely example of this key piece which was sold as a gem back in 1996. Nice surfaces and color await the winner of this unmolested note.
From The Drew Keough Collection

14598

Fr. 1503 $2 1928B Legal Tender Note. PMG About Uncirculated 55.
A center fold and some counting soil at back top center are noticed on this key to the $2 Legals.

14599

Fr. 1504* $2 1928C Legal Tender Note. PMG Extremely Fine 40.
This is a pleasing mid-grade example of an elusive red seal replacement which should see spirited bidding.

14600

Fr. 1504* $2 1928C Legal Tender Note. PCGS Extremely Fine 40.
A bright, lightly handled replacement example which is on many want lists.
From The Drew Keough Collection

14601

Fr. 1504* $2 1928C Legal Tender Note. CGA Very Fine 20.
Always a necessary addition to complete this series.

14602

Fr. 1505 $2 1928D Legal Tender Mule Notes. Cut Half Sheet Very Choice Crisp Uncirculated.
A wonderful, well embossed original group, no longer found in this quantity with regularity.

14603

Fr. 1505* $2 1928D Legal Tender Note. PCGS Choice New 63PPQ.
A thin top margin is the reason for the grade though the colors remain bright on this pleasing replacement.
From The Drew Keough Collection

14604

Fr. 1505* $2 1928D Legal Tender Note. CGA Choice Uncirculated 63.
A bright, pleasing example of a popular replacement note.

14605

Fr. 1505* $2 1928D Legal Tender Note. Very Fine-Extremely Fine.
A moderately circulated example of this much scarcer mule.
From The Drew Keough Collection

14606

Fr. 1506/Fr. 1505 $2 1928E/1928D Legal Tender Notes. Reverse Changeover Pair. Very Choice Crisp Uncirculated.
This pair is well matched with deep embossing, and is listed in the Schwartz opus.
From The Drew Keough Collection

14607

Fr. 1506/Fr. 1505 $2 1928E/1928D Legal Tenders. Reverse Changeover Pair. Very Choice Crisp Uncirculated to Gem Crisp Uncirculated.
This reverse changeover pair is a bit scarcer than the regular pairs with about a dozen reported sets known to collectors. Both pieces are perfectly original with bold embossing.
From The Drew Keough Collection

14608

Fr. 1506* $2 1928E Legal Tender Note. Very Fine.
Since 2000, we have handled only five examples of this very scarce star issue. This piece is moderately circulated but retains fully intact paper and a decent red overprint.
From The Drew Keough Collection

14610

Fr. 1508* $2 1928G Legal Tender Note. CGA Gem Uncirculated 66.
Nice even margins are seen on this bright replacement.

14611

Fr. 1508* $2 1928G Legal Tender Note. PCGS Choice About New 58PPQ.
A bright representative that must exhibit some very light fold to have earned this grade.
From The Drew Keough Collection

14612

Fr. 1509* $2 1953 Legal Tender Notes. Eight Consecutive Examples Choice Crisp Uncirculated.
A few notes exhibit a slight corner bump on otherwise bright, well embossed surfaces.
From The Walla Walla Collection

14613

Fr. 1510 $2 1953A Legal Tender Notes. 100 Notes. Choice Crisp Uncirculated.
This nicely preserved pack of 100 has an original BEP band, but the 13th, 25th, and 44th note have been replaced with notes from a different pack.
From The Drew Keough Collection

14614

Fr. 1510 $2 1953A Legal Tender Notes. Pack of 100. Choice Crisp Uncirculated.
This pack kicks-off with a Star with signs of edge handling, then there are 98 consecutive notes, and then a final non-consecutive note to end the pack. A generic money band has been turned inside-out to hold these notes. A recent advertisement for packs by a leading paper money dealer in a premier numismatic paper lists only one $2 United States Note pack available.
From The Drew Keough Collection

14615

Fr. 1511 $2 1953B Legal Tender Notes. Pack of 100. Choice Crisp Uncirculated.
This pack works its way from the highest serial number to the lowest and is held by a Commonwealth National Bank band. In the latest Schwartz reference 1953B $2s are listed at $20 per note.
From The Drew Keough Collection

14616

Fr. 1511* $2 1953B Legal Tender Notes. Gem Crisp Uncirculated.
A gorgeous run of thirteen consecutive star examples, each a crackling fresh and well centered beauty.

14617

Fr. 1511* $2 1953B Legal Tender Notes. Eleven Consecutive Examples Very Choice Crisp Uncirculated.
A few Gem examples can be found within this run of replacement notes.

14618

Fr. 1511* $2 1953B Legal Tender Notes. Twelve Examples. Crisp Uncirculated.
One of these replacement notes does exhibit a slight diagonal fold otherwise they are strongly embossed and totally original.

14619

Fr. 1512 $2 1953C Legal Tender Notes. Original Pack of 100. Gem Crisp Uncirculated.
The surface of these beautiful notes is as original as the day they were printed. Packs from this series do not turn up often.

14620

Fr. 1512 $2 1953C Legal Tender Notes. Original Pack of 100. Choice Crisp Uncirculated.
The first 30 notes have an upper left corner bump.
From The Drew Keough Collection

14621

Fr. 1512 $2 1953C Legal Tender Notes. Original Pack of 100. Choice Crisp Uncirculated.
This is a nicely preserved pack with a couple of the outside notes showing some handling.
From The Drew Keough Collection

14622

Fr. 1513 $2 1963 Legal Tender Notes. Thirty-two Examples. Gem Crisp Uncirculated.
These are well centered and margined examples.
From The Drew Keough Collection

14623

Fr. 1513 $2 1963 Legal Tender Notes. Original Pack of 50 Consecutive Notes. Very Choice Crisp Uncirculated.
The strap around these notes has been stamped by the Farmers and Mechanics National Bank in Frederick, MD and is dated Aug. 12, 1966.

14624

Fr. 1513 $2 1963 Legal Tender Notes. Fifty-six Consecutive Examples. Choice Crisp Uncirculated.
These are nicely margined and centered notes. The first 15 notes show edge handling.
From The Drew Keough Collection

14625

Fr. 1513* $2 1963 Legal Tender Notes. Seven Consecutive Examples Choice Crisp Uncirculated.

14626

Fr. 1514 $2 1963A Legal Tender Notes. Original Pack of 100. Choice Crisp Uncirculated.
One star note is noticed in this pack of which the top couple of notes have minor bruises.

14627

Fr. 1514 $2 1963A Legal Tender Notes. Original Pack of 100. Choice Crisp Uncirculated.
The first note in this pack is a Star followed by 99 nicely preserved regular notes.
From The Drew Keough Collection

14628

Fr. 1525* $5 1928 Legal Tender Note. PMG Choice Uncirculated 63 EPQ.
There just never seem to be enough of these new Red Seal replacements to satisfy demand. A thin left margin keeps this screamingly original note from a higher grade.

14629

Fr. 1525* $5 1928 Legal Tender Note. Very Fine.
This is a most pleasing mid-grade example with wholly original paper and a bold overprint.
From The Drew Keough Collection

14630

Fr. 1526 $5 1928A Legal Tender Note. PCGS Very Choice New 64PPQ.
Nice margins are noticed on this crisp example.
From The Drew Keough Collection

14631

Fr. 1526* $5 1928A Legal Tender Note. Very Fine.
This is the finest issue of this scarce star that we have handled since our last Long Beach Signature Auction. The paper is solid, though a trifle flat.
From The Drew Keough Collection

14632

Fr. 1527* $5 1928B Legal Tender Star Note. Choice About Uncirculated.
A center fold and some light handling account for the grade. Overall, the paper is original, deeply embossed, and bright.
From The Drew Keough Collection

14633

Fr. 1527* $5 1928B Legal Tender Note. PMG Choice Uncirculated 63.
True uncirculated examples of this popular replacement issue are not at all that common. Expect some serious competition to secure this bright beauty.

14634

Fr. 1527* $5 1928B Legal Tender Note. Choice About Uncirculated.
A lone center bend is noted on this pleasingly original piece.
From The Drew Keough Collection

14635

Fr. 1528* $5 1928C Legal Tender Note. PCGS Gem New 66PPQ.
Broad margins and excellent eye appeal are the main components of this highly rated replacement which is sure to please.
From The Drew Keough Collection

14636

Fr. 1528* $5 1928C Legal Tender Note. PCGS Choice About New 58.
Nice even margins are noticed on this lightly circulated example.

14637

Fr. 1528* $5 1928C Mule Legal Tender Note. PMG Very Fine 20.
The overprint remains bold on this scarce star mule. Moreover, the problem free paper is a complement to the overprint and the rarity of the issue.

14638

Fr. 1529 $5 1928D Legal Tender Note. PCGS Very Choice New 64PPQ.
This key to the regular series for this issue serves up deep embossing and even margins.

14639

Fr. 1529 $5 1928D Mule Legal Tender Note. Very Fine-Extremely Fine.
A lightly circulated example of this scarce Mule. To date, we have handled only five other examples of this issue, all of which are similar in grade.
From The Drew Keough Collection

14640

Fr. 1529* $5 1928D Legal Tender Note. Very Fine.
Full margins and bright, original paper add to the eye appeal of this issue. It is truly an example of a picture-perfect Very Fine grade. To date, we have handled only five other examples of this scarce Star.

14641

Fr. 1530* $5 1928E Legal Tender Note. Gem Crisp Uncirculated.
A broadly margined, brightly colored Gem with beautiful eye appeal and excellent centering. The new Schwartz & Lindquist reference value of $1500 in CU seems right on the money given the scarcity of this issue in replacement form.

14642

Fr. 1530* $5 1928E Legal Tender Note. PCGS Choice New 63PPQ.

Original surfaces cannot be missed on this vibrant replacement.
From The Drew Keough Collection

14643

Fr. 1531* $5 1928F Wide I Legal Tender Note. PCGS Gem New 66PPQ.
Nice centering and large even margins catapult this example to the head of the pack in terms of quality.
From The Drew Keough Collection

14644

Fr. 1531* $5 1928F Legal Tender Note. PMG Choice Uncirculated 64 EPQ.
Red seal replacements near the upper end of the grade range always command a premium.

14645

Fr. 1531* $5 1928F Wide I Legal Tender Note. PCGS Very Choice New 64PPQ.
Treasury Seal embossing and rolling paper wave is viewed through the third-party holder.
From The Drew Keough Collection

14646

Fr. 1532 $5 1953 Legal Tender Notes. 38 Examples. Crisp Uncirculated.
A couple of examples are missing in this group. Otherwise, this would be a pleasing run of 40 consecutive notes.
From The Walla Walla Collection

14647

Fr. 1534 $5 1953B Legal Tender Notes. 19 Consecutive Examples Very Choice Crisp Uncirculated.
A few Gems are sprinkled within this run of well embossed red seals.

14648

Fr. 1535* $5 1953C Legal Tender Note. PCGS Superb Gem New 67PPQ.
This piece is clearly the finest we've handled, and likely the finest graded. The eggshell textured paper is clearly original.

14649

Fr. 1536 $5 1963 Legal Tender Specimen Note. PCGS Choice New 63PPQ.
We have offered several other Legal Tender Specimen notes before, most notably, a quartet of $2 examples that showed a neat progression into Specimen changes. Much like the series before, this example carries "Specimen" stamped twice vertically on the front and back in 15mm block letters. Ladder serial number H12345678G has also been used. The only other $5 Specimen we know of is a 1928F Legal Tender which had solid zero serial numbers. This pleasing Series 1963 note offers plenty of eye appeal and would be a highlight of any collection.

14650

Fr. 1550 $100 1966 Legal Tender Note. PCGS Gem New 66PPQ.
This is a vibrant example with large margins.

14651

Fr. 1550 $100 1966 Legal Tender Note. PCGS Gem New 66PPQ.
Behemoth margins are noticed on this blazing red seal.
From The Drew Keough Collection

14652

Fr. 1550 $100 1966 Legal Tender Note. PCGS Very Choice New 64.
Here is a well margined example with deep crimson overprints.

14653

Fr. 1550* $100 1966 Legal Tender Note. PCGS Gem New 66PPQ.
A bold overprint creates much eye appeal on this popular replacement note.
From The Drew Keough Collection

14654

Fr. 1551 $100 1966A Legal Tender Note. PCGS Gem New 66PPQ.
A pleasing nicely margined note from the tougher of the two series.
From The Drew Keough Collection

14655

Fr. 1551 $100 1966A Legal Tender Note. Extremely Fine.
Friedberg 1551 is much scarcer than its Fr. 1550 counterpart. The paper is bright and the inks vibrant.

14656

Fr. 1600 $1 1928 Silver Certificate Low Serial Number 16. PMG Gem Uncirculated 66 EPQ.
A wonderful, evenly margined note which would make a great pair with the Fr. 1500 which carries the same low serial number of 16.

14657

Fr. 1600 $1 1928 Silver Certificates. Four Examples CGA Choice Uncirculated 64, Gem Uncirculated 65.
This lot of fancy number notes contains serial number B00001500A, B00001600A, B00001700A, and B00001800A.

14658

Fr. 1600 $1 1928 Silver Certificate. PMG Choice Uncirculated 64 EPQ.
Low serial number E00000015A graces this beautiful note that remains fresh and bright.

14659

Fr. 1600 $1 1928 Silver Certificate. CGA Choice Uncirculated 64.
A lovely example bearing double digit serial number B00000085A.

14660

Six Consecutive Fr. 1600 $1 1928 Silver Certificates. Very Choice Crisp Uncirculated to Gem Crisp Uncirculated.
This perfectly original run of six pieces is well embossed and features ideally wavy notes.
From The Drew Keough Collection

14661

Fr. 1600/Fr. 1601 $1 1928/1928A Silver Certificate Changeover Pair. Very Choice Crisp Uncirculated.
This pair is from the H-A block and boasts wholly original paper with deep embossing.
From The Drew Keough Collection

14662

Fr. 1600* $1 1928 Silver Certificate. CGA Gem Uncirculated 66.
A gorgeous example of the first small Silver replacement note. Bright, fully embossed and nicely centered, it's everything a collector could ask for.

14663

Fr. 1600* $1 1928 Silver Certificate. PCGS Very Choice New 64PPQ.
This always popular Funny Back star has a top margin that is a millimeter shy of Gem. A detailed examination of the note reveals bold embossing of the seal and serial numbers.

14664

Fr. 1600* $1 1928 Silver Certificate. PCGS Very Choice New 64PPQ.
Here is another pleasing replacement from this first issue small size Silver series. Excellent color and embossing are noticed.
From The Drew Keough Collection

14665

Fr. 1600* $1 1928 Silver Certificate. PCGS Choice New 63PPQ.
The face margins are solid, though the centering of the back design is a little low for a higher grade.

14666

Fr. 1600* $1 1928 Silver Certificate. PMG Choice About Unc 58 EPQ.
This Star issue is scarce in uncirculated states of preservation. Though this piece shows a faint center fold, it boasts an all appealing two digit serial number 45. A pleasing and wholly original piece with all the eye appeal of a fully margined Gem.

14667

Fr. 1601 $1 1928A Silver Certificates. Low Three Digit Serial Number Two Examples CGA Gem Uncirculated 65 & CGA Choice Uncirculated 64.
Matching low three digit serial number 00000140 from the K-A block and S-A block is carried by this bright pair.

14668

Fr. 1601/Fr. 1602 $1 1928A/1928B Silver Certificates. Changeover Pair. PCGS Very Choice New 64PPQ and PCGS Gem New 66PPQ.
A pleasing changeover pair with wholly original paper. The only difference in grade is margin size.

14669

Fr. 1601 $1 1928A Silver Certificate. PCGS Very Choice New 64PPQ.
This two digit issue is boldly embossed and fully original. The margins are solid on all sides.

14670

Fr. 1601 $1 1928A Silver Certificates. Low Three Digit Serial Number Two Examples CGA Gem Uncirculated 65 & Choice Uncirculated 64.
Matching low three digit serial number 00000141 from the K-A block and S-A block graces this crisp, bright pair.

14671

Fr. 1601/Fr. 1600 $1 1928A/1928 Silver Certificates. Reverse Changeover Pair. Choice Crisp Uncirculated.
This Reverse Changeover Pair is only a few thousand serial numbers away from the regular Changeover Pair also available here.
From The Drew Keough Collection

14672

Fr. 1601 $1 1928A Silver Certificate. Choice Crisp Uncirculated.
Low serial number 10 is seen on this nicely margined U-A block note.

14673

Fr. 1601* $1 1928A Silver Certificate. CGA Gem Uncirculated 66.
This well centered example displays bold embossing through the third party holder and boasts solid margins.

14674

Fr. 1601* $1 1928A Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Adequate margins are noticed on this bright replacement note that is desirable in the upper grade ranges.

14675

Fr. 1601* $1 1928A Silver Certificate. PCGS Choice New 63PPQ.
Bright paper and bold embossing add to the appeal of this original and scarce star note.

14676

Fr. 1601* $1 1928A Silver Certificate. PMG Choice About Unc 58 EPQ.
A center fold is noticed on this brightly hued Blue Seal that offers original surfaces.

14677

Fr. 1601* $1 1928A Silver Certificate. PCGS Choice About New 58.
The centering is decent on this early replacement.
From The Drew Keough Collection

14678

Fr. 1602 $1 1928B Silver Certificate. PCGS Gem New 66PPQ.
This is the 211th note from the scarce V-A block. The paper originality is quite noticeable beneath the holder.

14679

Fr. 1602 $1 1928B Silver Certificate. PCGS Gem New 65PPQ.
Solid margins all around this original note add to the appeal of the experimental X-B block.

14680

Fr. 1602 $1 1928B Silver Certificate. PCGS Gem New 65PPQ.
The scarce V-A block is only represented by a few examples and many not of this caliber. Prominent embossing on bright white surfaces makes this note a must have for the advanced small size collector.
From The Drew Keough Collection

14681

Fr. 1602/Fr. 1604 $1 1928B/1928D Silver Certificates. Changeover Pair Choice/Gem Crisp Uncirculated.
The Schwartz valuation for this interesting pair is $750 which appears right on. The 1928B is Gem Crisp Uncirculated while the 1928D is Choice Crisp Uncirculated.
From The Drew Keough Collection

14682

Fr. 1602 $1 1928B Silver Certificate. PCGS Very Choice New 64PPQ.
The margins are broad on this near-Gem Z-B experimental block note.

14683

A Pair of Experimental Block Issues. Fr. 1602 $1 1928B Silver Certificates. Very Choice Crisp Uncirculated.
This well matched pair is well embossed and boasts the bright white paper associated with the Series 1928 Silver Certificates. Experimental blocks X-B and Z-B are represented here.
From The Drew Keough Collection

14684

Fr. 1602/1601 $1 1928B/1928A Silver Certificates. Reverse Changeover Pair. Very Choice Crisp Uncirculated.
A very nice reverse changeover pair with both notes Gems but for centering.
From The Drew Keough Collection

14685

Fr. 1602/Fr. 1603 $1 1928B/1928C Silver Certificates. Changeover Pair. Choice Crisp Uncirculated.
This pair is one of only seven listed in the Schwartz census. Both pieces feature perfectly original paper waves and bold embossing.
From The Drew Keough Collection

14686

Fr. 1602* $1 1928B Silver Certificate. CGA Gem Uncirculated 67.
Bold embossing is seen through the third-party holder, while this $1 Silver Star has near perfect margins. It is the highest graded star note from this series that we have offered in at least five years.

14687

Fr. 1602* $1 1928B Silver Certificate. PCGS Gem New 65PPQ.
This star has ample margins, embossing, and natural paper wave crests. This is the highest third-party graded note we have had on this Friedberg number.
From The Drew Keough Collection

14688

Fr. 1603 $1 1928C Silver Certificate. PCGS Gem New 66PPQ.
This note hails from the second scarcest series for $1 Silvers. This note is also only 1238 serial numbers away from the beginning of the 1928C Series. The first block for this series is also smaller than all of the other blocks except for the last block.
From The Drew Keough Collection

14689

Fr. 1603 $1 1928C Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Crackling fresh, beautifully centered, and loaded with original embossing, a note for the collector who wants the finest.

14690

Fr. 1603 $1 1928C Silver Certificate. CGA Gem Uncirculated 65.
A nicely centered example of this key piece in a CGA 65 holder.

14691

Fr. 1603 $1 1928C Silver Certificate. PMG Choice Uncirculated 64 EPQ.
The colors are quite fresh and the margins well balanced on this tough note from the B-B block.
From The Warren Marshall Collection

14692

Fr. 1603 $1 1928C Silver Certificate. PMG Choice Uncirculated 64 EPQ.
A bright, fresh and well margined example of this semi-key funnyback series that has earned its EPQ designation. Certainly gem with a wider top margin.

14693

Fr. 1603/Fr. 1602 $1 1928C/1928B Silver Certificates. Reverse Changeover Pair Choice Crisp Uncirculated.
Only three such pairs are reported in Schwartz/Lindquist along with this pair. Plenty of embossing is noticed on this elusive duo.
From The Drew Keough Collection

14694

Fr. 1604 $1 1928D Silver Certificate. CGA Gem Uncirculated 68.
This glorious example is perhaps the nicest note we have handled for this series. Bright overprints and perfect margins round out strong embossing.

14695

Fr. 1604 $1 1928D Silver Certificate. PMG Gem Uncirculated 65 EPQ.
This particular note was number 2,762 of this Series as the official low for the scarce D-B block was D82596001B.

14696

Fr. 1604 $1 1928D Silver Certificate. CGA Gem Uncirculated 65.
A lovely Gem example of this scarce Silver that is the third most difficult issue in the series.

14697

Fr. 1604 $1 1928D Silver Certificate Fancy Serial Number. PMG Choice Uncirculated 64 EPQ.
A nifty fancy number note which is fully original and enhanced by near solid serial number I08888888B.

14698

Fr. 1604 $1 1928D Silver Certificate. PCGS Very Choice New 64PPQ.
Series 1928D is the third rarest series for $1 Silvers. This example is only 2787 serial numbers from the beginning of the first and smallest block for this Friedberg number.
From The Drew Keough Collection

14699

Fr. 1605 $1 1928E Silver Certificate. PCGS Superb Gem New 68PPQ.
This is a note which approaches perfection, as the centering on both face and back, the brightness of paper and inks, and the originality have earned it the grade of Superb Gem New 68PPQ awarded by PCGS. While PCGS has not released a population report at this writing, PMG has graded 6 1928E ones in 66, two in 67, and none at all in 68. If this were a regular 1928 $1 Silver it would be a rarity in this condition, but to find an example of the key to the $1 Silvers in this state of preservation is simply extraordinary. Any estimate here is mere conjecture, but for those putting together the ultimate Registry Set of $1 Silvers, this note will likely stand unsurpassed for many, many years.
From The Drew Keough Collection

14700

Fr. 1605 $1 1928E Silver Certificate. PMG Choice Uncirculated 64 EPQ.
The holder has noted that this example was cut from a BEP sheet a bit unevenly, thus the grade assigned. Fresh colors and plenty of embossing will be sure to please its new owner.
From The Warren Marshall Collection

14701

Fr. 1606 $1 1934 Silver Certificate. PCGS Superb Gem New 68PPQ.
An almost perfect note from the C-A block. Not much can be improved upon as the quality is visible.

14702

Fr. 1606 $1 1934 Silver Certificates. Three Consecutive Low Digit Examples CGA Gem Uncirculated 66 & 67.
A nifty trio of triple digit serial numbers from the first block issued of this one year type.

14703

Fr. 1606 $1 1934 Silver Certificate. PMG Gem Uncirculated 65 EPQ.
This bright white issue is well margined and a single digit from being a solid serial number 5 issue: A51555555A.

14704

Six Consecutive Fr. 1606 $1 1934 Silver Certificates. Very Choice Crisp Uncirculated to Gem Crisp Uncirculated.
A wholly original run of six funnybacks.
From The Drew Keough Collection

14705

Fr. 1606* $1 1934 Silver Certificate. PCGS Choice New 63PPQ.
This is an attractive example from this colorful issue with the large blue "1" counter. Only the thinness of the bottom margin keeps this note from ascending higher on the grade scale.
From The Drew Keough Collection

14706

Fr. 1606* $1 1934 Silver Certificate. PMG About Uncirculated 55.
A slight amount of handling has kept this bright replacement from a higher grade.

14707

Fr. 1607 $1 1935 Silver Certificates. Three Consecutive Examples CGA Gem Uncirculated 67 & 68.
This trio of pleasing notes all carry a low three digit serial number from the first block printed for the series.

14708

Fr. 1607 $1 1935 Silver Certificate. PMG Gem Uncirculated 65 EPQ.
This experimental C-B block issue is from a print run of 3.3 million notes, beginning on December 1, 1937. They were printed on regular paper as a test control.

14709

Fr. 1607 $1 1935 Silver Certificate. CGA Choice Uncirculated 64.
This attractive and original piece features the two digit serial number N00000042A.

14710

Fr. 1607 $1 1935 Silver Certificate. PCGS Choice New 63PPQ.
This scarce experimental B-B block is not often seen high grade and fully original. The paper is most pleasing and the margins are ample for even a Gem grade.

14711

Fr. 1607* $1 1935 Silver Certificate. PCGS Gem New 66PPQ.
Few surviving examples of this issue boast the margins and the originality of the note offered here tonight.

14712

Fr. 1608* $1 1935A Mule Silver Certificate. PCGS Choice About New 58PPQ.
Paper wave and embossing are observed on this Mule star with micro back plate number 828.
From The Drew Keough Collection

14713

Fr. 1609 $1 1935A R Silver Certificate. PCGS Gem New 66PPQ.
The difference in the experimental paper quality is clearly evident when "R" and "S" notes are compared side by side. This piece is a perfect match to the well margined 66PPQ also offered in this auction.

14714

Fr. 1609 $1 1935A R Silver Certificate. PMG Gem Uncirculated 65 EPQ.
The "R" and "S" experimentals were released in the Chicago area on June 20, 1944 to test regular and special paper head-to-head. The test was inconclusive and paper money collectors received the blame for removing the overprinted notes from circulation.

14715

Fr. 1609 $1 1935A R Silver Certificate. PMG Gem Uncirculated 65 EPQ.
This experimental would make a nice pair with the gem "S" below. Pack fresh with bright colors and deep embossing.
From The Warren Marshall Collection

14716

Fr. 1609 $1 1935A R Silver Certificates. Cut Half Sheet of Six CGA Choice Uncirculated 64, Gem Uncirculated 65.
Two Gems start off this amazing run that finishes with four Choice examples.

14717

Fr. 1609 $1 1935A R Silver Certificate. PCGS Choice New 63PPQ.
Bright surfaces add to the eye appeal of this note with slight margin issues.
From The Thomas A. Bergin Collection

14718

Fr. 1609/Fr. 1610 $1 1935A R&S Silver Certificate Pair. Choice Crisp Uncirculated.
This is a nicely matched pair with the "S" being slighter nicer as the "R" exhibits a couple of teller pinches on the sides.
From The Drew Keough Collection

14719

Fr. 1610 $1 1935A S Silver Certificate. PCGS Gem New 66PPQ.
Our last Signature Auction featured an example of this issue graded Superb by PMG. That piece realized nearly $3,000 against an estimate of $800-$1,000. This piece is nearly as nice and will most likely exceed an estimate of...

14720

Fr. 1610 $1 1935A S Silver Certificate. PCGS Gem New 66PPQ.
This near perfectly margined Experimental is one of the finest we've seen. As noted by PCGS, the paper quality is second to none, as are the bold colors of the printed design, seal, serial numbers, and all important red S.
From The Thomas A. Bergin Collection

14721

Fr. 1610 $1 1935A S Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Wide margins and natural paper surfaces highlight this experimental issue from 1944.

14722

Fr. 1610 $1 1935A S Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Wide margins and embossing are noticed through the third-party holder that expresses "Exceptional Paper Quality."
From The Warren Marshall Collection

14723

Fr. 1610 $1 1935A S Silver Certificate. Very Choice Crisp Uncirculated.
The surfaces retain all the as made qualities one would expect. The centering keeps the note from gem.

14724

Fr. 1611 $1 1935B Silver Certificate. PMG Extremely Fine 40.
Single digit serial number nine is noticed on this example that has a small internal aperture noticed.

14725

Fr. 1611* $1 1935B Silver Certificate. CGA Gem Uncirculated 67.
A high grade example of a popular replacement note.

14726

Fr. 1611* $1 1935B Silver Certificate. PCGS Very Choice New 64PPQ.
Embossing of the serial numbers is clearly seen through the third party holder.

14727

Fr. 1611* $1 1935B Silver Certificate. Very Choice Crisp Uncirculated.
The paper quality is ideal, though the margins are not as evenly spaced.
From The Drew Keough Collection

14728

Fr. 1613W*/Fr. 1613N* $1 1935D Silver Certificates. Changeover Pair.
This is a common changeover pair for regular issue notes, but stars are a completely different story. This pair is perfectly matched with wholly original paper.
From The Drew Keough Collection

14729

Fr. 1613W $1 1935D Silver Certificate. PCGS Choice About New 58PPQ.
This note is from the tougher M-G block.

14730

Fr. 1613W* $1 1935D Silver Certificate. Choice About Uncirculated.
A soft center bend is noticed on this replacement blue seal that is from the tougher *-C block.
From The Drew Keough Collection

14731

Fr. 1614 $1 1935E Silver Certificates. Original Pack of 100. Very Choice Crisp Uncirculated.
This is a wonderful original pack with each note exhibiting plenty of embossing.

14732

Fr. 1614 $1 1935E Silver Certificates. Original Pack of 100. Choice Crisp Uncirculated.
Wonderful original surfaces are seen on this pack which has wonderful corners. The first note does have a soft bend.

14733

Fr. 1614* $1 1935E Silver Certificate Dual Courtesy Autograph. Very Choice Crisp Uncirculated.
Both signers have graciously applied their autographs above their engraved signatures on this replacement note.

14734

Fr. 1615 $1 1935F Silver Certificate. Original Pack of 100. Gem Crisp Uncirculated.
A nice pack which carries its original band. Each note is crackling fresh and most all seem to be well centered gems.

14735

Fr. 1615 $1 1935F Silver Certificate. B71J Block. Choice Crisp Uncirculated.
A nicely margined and bright example from the rare run which only had 360,000 notes printed.

14736

Fr. 1615 $1 1935F Silver Certificates. 43 Examples Crisp Uncirculated.
Several consecutive runs are seen within the remnants of this early pack that has nice paper wave.

14737

Courtesy Autographed Fr. 1616 $1 1935G No Motto Silver Certificate. PCGS Superb Gem New 67PPQ.
Both Ms. Smith and Mr. Dillon autographed this $1 Silver. We previously sold this piece in our 2005 September Signature Auction for more than $400. We graded the note Gem, a grade that proved to be a touch conservative. Today we expect this piece to realize a touch more.

14738

Fr. 1616 $1 1935G No Motto Silver Certificates. Ninety Consecutive Examples. Choice Crisp Uncirculated.
While in a $100 strap, there are only 90 notes within this run. The latest Schwartz-Lindquist reference lists these notes individually at $15.

14739

Fr. 1617* $1 1935G With Motto Silver Certificate. PCGS Superb Gem New 67PPQ.
Few examples of this issue rival the quality of this particular Superb Gem issue. The margins are broad and even and the paper quality is perfectly original.

14740

Fr. 1617* $1 1935G With Motto Silver Certificates. Two Consecutive Examples CGA Gem Uncirculated 67 & 66.
This is a high end pair of elusive replacements.

14741

Fr. 1619 $1 1957 Silver Certificates. Original Pack of 100. Gem Crisp Uncirculated.
The strap on these notes hails from the Federal Reserve Branch in Jacksonville, FL and is dated Jun. 16, 1964.

14742

Fr. 1619 $1 1957 Silver Certificates. Original Pack of 100. Crisp Uncirculated.
Some corner bumps are noticed at lower left on this original pack.

14743

A Complete A-A to Z-A Block Set. Fr. 1619 $1 1957 Silver Certificates. Very Choice Crisp Uncirculated to Gem Crisp Uncirculated.
This well matched set includes all the blocks printed including a three digit serial number on the A-A block.
From The Drew Keough Collection

14744

Fr. 1619 $1 1957 Silver Certificates. Original Pack of 100. Crisp Uncirculated.
This pack was put away long ago, but has sustained some improper handling.

14745

Fr. 1621 $1 1957B Silver Certificates. Four Consecutive Low Serial Number Examples. CGA Gem Uncirculated 67.
This S-A block quartet carries low two digit serial numbers S00000023A, 24A, 25A, and 26A.

14746

Group of 54 Three-digit Serial Numbered Notes. Fr. 1621 $1 1957B Silver Certificates. Gem Crisp Uncirculated.
Last appearing in our September 2003 Sale, where we described, "A nice group of 54 three digit serial numbered Silvers, all from the second pack of notes from the Y-A block. Included are various notes from serial number 105 through 197 (not inclusive). A neat group of low serial numbered notes that is likely to receive considerable bidder attention."

14747

Fr. 1621 $1 1957B Silver Certificates. Original Pack of 100. Gem Crisp Uncirculated.
A stunning pack of crisp, fresh notes from the T-A block.

14748

Fr. 1621 $1 1957B Silver Certificates. Original Pack of 100. Choice Crisp Uncirculated.
This pack has a Star in the first and 70th positions.

14749

Fr. 1621 $1 1957B Silver Certificates. Original Pack of 100. Choice Crisp Uncirculated.
The date stamped on the BEP wrapper on these crisp examples exhibiting some corner bumps is Dec. 6, 1963.

14750

Fr. 1621 $1 1957B Silver Certificates. Original Pack of 100. Choice Crisp Uncirculated.
The strap is a touch used on this original pack from the V-A block. Some of the notes certainly appear nicer though hindered by the right side margin.

14751

Fr. 1621* $1 1957B Silver Certificates. Ninety-nine Examples. Choice Crisp Uncirculated.
Wide margins and nice centering are traits of this pack that would and could be called Gem by many. The 96th note is missing from this pack of elusive *-A beauties.
From The Drew Keough Collection

14752

Fr. 1621* $1 1957B Silver Certificates. Ninety-nine Consecutive Examples. Choice Crisp Uncirculated.
Due to margins, the notes start as choice, but they quickly have wider margins and better centering. This Star pack is missing its first note.
From The Drew Keough Collection

14753

Fr. 1650 $5 1934 Mule Silver Certificate. PCGS Gem New 65PPQ.
The E-A block of this issue is much scarcer than blocks A-A through D-A, especially in grades as lofty as the Gem specimen presented here.

14754

Fr. 1650 $5 1934 Silver Certificates. Uncut Sheet of 12. Gem Crisp Uncirculated.
This is the lowest recorded sheet for this Friedberg number of the mere 13 listed in the latest Schwartz-Lindquist reference. It is also the second Small Size $5 Silver sheet ever printed. In the last six years, we have been able to offer only one sheet of this Friedberg number and it was a part of the massive Taylor Family Collection auction in February 2005. That sheet brought over $3900. The present sheet is well centered with each note nicely embossed. The bottom corners show minute handling, but this sheet is still of superior quality.
From The John Ameen Collection

14755

Fr. 1650 $5 1934 Mule Silver Certificate. PMG Choice Uncirculated 64 EPQ.
This is a lovely example of the very scarce E-A block that lists for $1,250 in the latest Schwartz tome. This spectacular example has garnered the dual comments "Exceptional Paper Quality" as well as "Great embossing," both of which are clearly evident through the holder.

14756

Fr. 1650 $5 1934 Mule Silver Certificate. PMG Choice Uncirculated 64 EPQ.
This is the consecutive piece to the note above and an ideal match in eye appeal.

14757

Fr. 1650 $5 1934 Mule Silver Certificate. PMG About Uncirculated 55 EPQ.
This is the first in a consecutive run of scarce E-A Block Mules. Each of the successive notes is nearly identical with a lone fold through the blue "5" overprint and a hint of handling. The run ends with a non-mule star that escaped attrition by piggy-backing with this quartet.

14758

Fr. 1650 $5 1934 Mule Silver Certificate. PMG About Unc 58 EPQ.
The second in a group of five well matched pieces.

14759

Fr. 1650 $5 1934 Mule Silver Certificate. PMG About Unc 58 EPQ.
The third and perhaps the nicest of this mini-run.

14760

Fr. 1650 $5 1934 Mule Silver Certificate. PMG About Uncirculated 55 EPQ.
The last E-A Block issue from this run.

14761

Fr. 1650* $5 1934 Silver Certificate. PMG About Uncirculated 55 EPQ.
The serial number on this star is not sequential to the four preceding issues, nor is the note a Mule, though it is perfectly matched by a fold left of center with handling consistent of the run.

14762

Fr. 1652 $5 1934B Mule Silver Certificate. CGA Choice Uncirculated 64.
This scarce Mule from the L-A block is ideally original with a counting wrinkle keeping the note from gem. The margins are ample for the grade and the overall eye appeal is pleasing.

14763

Fr. 1652* $5 1934B Silver Certificate. PCGS Choice About New 58PPQ.
This scarce $5 Silver has a single fold.
From The Drew Keough Collection

14764

Fr. 1653/1654 $5 1934C/1934D Silver Certificates. Changeover Pair. Very Choice Crisp Uncirculated.
Original surfaces are found on this changeover pair. Some as made paper crinkles are noted in the margin of the second note.
From The Drew Keough Collection

14765

Fr. 1653 $5 1934C Mule Silver Certificate. PCGS Very Choice New 64.
This is a micro back plate number 629 Mule. These are at least ten times more rare than the back plate number 637 Mules. In the uncirculated grades this is even more true with this being only the second uncirculated specimen we have seen. The last one we had brought almost $1500 five years ago.
From The Drew Keough Collection

14766

Fr. 1653* $5 1934C Silver Certificate. CGA Gem Uncirculated 66.
This scarce star possesses broad margins and original paper surfaces.

14767

Fr. 1654* $5 1934D Narrow Silver Certificate. PCGS Gem New 65PPQ.
Back plate number 2019 determines that this is a scarcer Narrow star variety. This example sports original paper surfaces.
From The Drew Keough Collection

14768

Fr. 1654* $5 1934D Wide II Silver Certificate. Extremely Fine-About Uncirculated.
This lightly handled replacement note carries Back Plate 2068.
From The Drew Keough Collection

14769

Ten Consecutive Fr. 1655* $5 1953 Silver Certificates. Choice Crisp Uncirculated to Gem Crisp Uncirculated.
This is an ideal run with bold embossing, eggshell textured paper, and bright paper. The only difference between notes is the margin size.
From The Drew Keough Collection

14770

Nine Consecutive Fr. 1656* $5 1953A Silver Certificates. Choice Crisp Uncirculated to Gem Crisp Uncirculated.
The margin is a bit tight on the first few pieces, but the last couple of notes are fully Gem in margin width.
From The Drew Keough Collection

14771

Fr. 1700 $10 1933 Silver Certificate. PCGS Choice New 63PPQ.
An attractive example of the key piece to completing any set of small size currency. It is housed in a PCGS Choice New 63 PPQ holder, testifying to this note's originality. As is the case with the vast majority of the known survivors of this one year issue, the centering is not perfect, which is the most likely cause of the Choice New 63 grade.
From The Drew Keough Collection

14772

Fr. 1700 $10 1933 Silver Certificate. PMG Very Fine 25.
An absolute key to the Silver Certificate series. It's a problem free piece in a perfect collector grade, a combination seldom available for any 1933 $10. Expect to see the hammer fall in the range of...

14773

Fr. 1701 $10 1934 Silver Certificate. PCGS Superb Gem New 67PPQ.
In 2003 we offered a similarly graded two-digit serial number issue. That piece realized $1380. This issue is third party graded, well margined with deep embossing, and is likely to exceed that price realized by a decent margin.

14774

Fr. 1701 $10 1934 Mule Silver Certificate PMG Gem Uncirculated 66 EPQ. Fr. 1702 $10 1934A Silver Certificate PMG Gem Uncirculated 66 EPQ.
Embossing and natural paper surfaces are viewed through the third-party holder on this pair. Prices accelerate greatly beyond the 65 grade barrier.

14775

Fr. 1701 $10 1934 Silver Certificates. Two Consecutive Examples. PMG Choice Uncirculated 64 EPQ.
This pair is sure to please with all natural paper qualities.

14776

Fr. 1701 $10 1934 Silver Certificates. Changeover Pair. Very Choice Crisp Uncirculated.
An excessively rare 1934 non-mule to mule changeover pair. Only four $10 Silver Certificate changeover pairs of all kinds are listed in the Schwartz census, and only one is the 1934 regular to mule changeover.
From The Drew Keough Collection

14777

Fr. 1701/Fr. 1702 $10 1934 Mule/1934A Silver Certificates. Changeover Pair. PMG Choice About Unc 58 EPQ.
The last changeover pair from this series that we handled was in 2005. This pair includes the note that directly precedes it. Each note is ideally original with strong embossing and solid margins, and features a center fold that does not distract from the overall eye appeal.

14778

Fr. 1701* $10 1934 Silver Certificate. PCGS Gem New 65PPQ.
This is the highest third-party graded note we have seen for this Friedberg number. This $10 Silver star was last available at our January 2000 auction.
From The Drew Keough Collection

14779

Fr. 1701* $10 1934 Silver Certificate. PMG Choice Uncirculated 64 EPQ.
It has been more than two years since we last handled another uncirculated example of this scarce $10 Star. This piece is most pleasing with Gem quality margins and plain-as-day embossing.

14780

Fr. 1701* $10 1934 Mule Silver Certificate. Extremely Fine-About Uncirculated.
A bright twice folded example that carries Macro Back Plate 605.
From The Drew Keough Collection

14781

Fr. 1702 $10 1934A Silver Certificate. Face Plate 86 Very Choice Crisp Uncirculated.
No problems are noticed on this face plate 86 example that should please any collector who is looking for this specialized and highly collectible variety. Nicely margined and bright, the colors are deep. A pink thread on the back has caused a minor obstruction error of sorts.
From The Drew Keough Collection

14782

Fr. 1702* $10 1934A Silver Certificate. PCGS Very Choice New 64PPQ.
This scarce $10 Silver star is beautifully embossed with nice original paper quality. A tiny wood chip inclusion to the left of the lower serial number is mentioned for complete cataloging accuracy.
From The Drew Keough Collection

14783

Fr. 1703 $10 1934B Silver Certificate. PCGS Gem New 65PPQ.
This is one of the nicest $10 1934B's we have ever seen. That is as true now as when we first offered this note in our September 1996 auction. The note's current owner wisely chose quality back then. Now a new collector gets to appreciate the quality of this note. Embossing and natural paper wave are just two of the worthy merits of this beauty.
From The Drew Keough Collection

14784

Fr. 1703 $10 1934B Silver Certificate. About Uncirculated.
The key to the regular series that exhibits a fold and some handling.
From The Drew Keough Collection

14785

Fr. 1703* $10 1934B Silver Certificate. PCGS Extremely Fine 40.
This is an excessively rare star note that we originally sold in our May 1997 auction. These are nearly impossible to find in XF or better condition. In the last twelve years we have had only six examples of this rare star to offer, three lower grade pieces, one slightly better piece, and one uncirculated example, which we sold in the Taylor Family collection in February 2005 for $25,300. With those two exceptions, this specimen is the nicest we have encountered in over a decade. This is a lightly handled example and sure to please the collector not wishing to spend a small fortune for this rare star.
From The Drew Keough Collection

14786

Fr. 1704 $10 1934C Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Bright colors and even margins are noticed on this pleasing Blue Seal.

14787

Fr. 1705 $10 1934D Silver Certificate. PCGS Very Choice New 64PPQ.
Great eye appeal is noticed on this note which is a bit tight along the bottom margin.
From The Drew Keough Collection

14788

Fr. 1705* $10 1934D Silver Certificate. Extremely Fine-About Uncirculated.
A couple of folds traverse the surface of this bright star.
From The Drew Keough Collection

14789

Fr. 1705* $10 1934D Wide Silver Certificate. PMG Very Fine 30.
A pleasing mid-grade example which has the eye appeal of a higher grade piece.

14790

Fr. 1705* $10 1934D Narrow Silver Certificate. PCGS Fine 15.
The 1934D Narrow star is one of the rarest varieties of any $10 Silver Certificate in any grade, and is prohibitively rare in uncirculated. Several years ago small size specialist David Koble did a census of these notes and came up with nine examples in all grades combined. The Schwartz & Lindquist catalogue value of $4000 in VF may well prove conservative here.
From The Drew Keough Collection

14791

Fr. 1706* $10 1953 Silver Certificate. PCGS Gem New 66PPQ.
The quality of this note is unmistakable. It's nicely margined with wonderful color.
From The Drew Keough Collection

14792

Fr. 1706* $10 1953 Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Punch through embossing is noted on this attractive $10 Silver Star. The margins are large on three sides and sufficient on the fourth. A certified near-Gem realized a hair over $1000 in the last year. This Gem should easily exceed that price realized.

14793

Fr. 1707 $10 1953A Silver Certificate. PCGS Gem New 65PPQ.
A well margined and nicely centered note which will please the most discriminating buyer.
From The Drew Keough Collection

14794

Fr. 1707* $10 1953A Silver Certificate. PCGS Gem New 65PPQ.
This is easily one of the nicest examples of this scarce later star that we have seen in recent years. Adequately margined from the face with perfect back centering and superb paper quality. The smaller bottom margin can be the only plausible explanation as to why this is not a Superb Gem CU note
From The Drew Keough Collection

14795

Fr. 1707* $10 1953A Silver Certificate. PCGS Very Choice New 64PPQ.
A thinner margin at left precludes a higher grade on this otherwise colorful, original Blue Seal replacement note.

14796

Fr. 1708 $10 1953B Silver Certificate. PCGS Gem New 65PPQ.
A virtually flawless example with bright ink colors and paper that is crisp and crackling fresh. The punch through embossing and even margins are a nice touch as well.
From The Thomas A. Bergin Collection

14797

Fr. 1850-A $5 1929 Federal Reserve Bank Note. CGA Gem Uncirculated 65.
This is a pleasing piece with plenty of embossing visible.

14798

Fr. 1850-B $5 1929 Federal Reserve Bank Note. PMG Gem Uncirculated 65.
Superb original embossing and the PMG comment "Vivid Details" is found on this totally original New York FRBN. The note clearly is deserving of the EPQ designation and it would be our guess that this is an old PMG holder before they used to affix the EPQ designation.

14799

Fr. 1850-D $5 1929 Federal Reserve Bank Note. Choice Crisp Uncirculated.
Low serial number 208 enhances the eye appeal of this unmolested note.
From The Drew Keough Collection

14800

Fr. 1850-K $5 1929 Federal Reserve Bank Note. PCGS Gem New 66PPQ.
A lovely example of this scarcer Dallas FRBN which has a printing of under one million notes. The margins are broad, the embossing fully punched through on the lettering and the paper surface quality is not to be questioned. The new Schwartz 7th edition lists this at $275 in CU and this is obviously much nicer than that.
From The Thomas A. Bergin Collection

14801

Fr. 1850-K $5 1929 Federal Reserve Bank Note. Very Choice Crisp Uncirculated.
This Dallas $5 carries fresh, white paper, and bold bank title embossing. This note is on the door step of a higher grade.

14802

Fr. 1850-L $5 1929 Federal Reserve Bank Note. PCGS Fine 12.
As the key for the $5 FRBNs, the San Francisco notes in all grades have been steady performers over the years. This is an ideal circulated piece, with even wear and problem free paper.

14803

Fr. 1860-B $10 1929 Federal Reserve Bank Notes. Choice Crisp Uncirculated (3), About Uncirculated (5).
A nice lot of eight pieces, with a couple of consecutive runs. All are fresh, unmolested and well centered, with three grading Choice CU and the other five grading About Uncirculated.

14804

Fr. 1860-J* $10 1929 Federal Reserve Bank Note. Very Fine-Extremely Fine.
We have handled only about a half dozen examples of this note over the years and this is one of the finest. In fact, the census only documents two notes with a higher grade.

14805

Fr. 1870-B $20 1929 Federal Reserve Bank Note. PCGS Choice About New 55.
Fancy serial number 100 graces this lovely New York Brown Seal. We originally sold this note in January 1995. Earlier it was listed in Aubrey Bebee's 1956 price list of The Celebrated James M. Wade Collection of U.S. Paper Money.
From The Drew Keough Collection

14806

Fr. 1870-D* $20 1929 Federal Reserve Bank Note. PMG Fine 12.
This is an excessively rare star in all grades, with the Cybuski census listing just six examples from an original printing of only 24,000 pieces over seventy years ago. Though it is circulated, expect this elusive replacement to finish in the area of...

14807

Fr. 1870-F $20 1929 Federal Reserve Bank Note. PCGS Gem New 65.
Wonderful margins and bright colors highlight this gorgeous note.

14808

Fr. 1870-G $20 1929 Federal Reserve Bank Note. PMG Gem Uncirculated 66 EPQ.
Although not an especially difficult note to acquire, even in higher grades, this certified 66 with unusually broad margins will likely sell for a realization consistent with the daunting challenge of locating it at such a lofty grade. We expect bids will reach at the very least...

14809

Fr. 1870-H $20 1929 Federal Reserve Bank Note. PCGS Gem New 65PPQ.
This is a very broadly margined and well embossed example of this somewhat scarcer Saint Louis district.
From The Thomas A. Bergin Collection

14810

Fr. 1870-H $20 1929 Federal Reserve Bank Note. CGA Choice Uncirculated 64.
With a printing of 444,000 the St Louis district is the scarcest for this denomination. This example has good embossing and decent margins with a paper clip indentation limiting the grade.

14811

Fr. 1870-H* $20 1929 Federal Reserve Bank Note. Very Fine.
This newest addition to the census from a print run of 24,000 notes carries serial number 869. A few pinholes make their appearance known on natural surfaces.

14812

Fr. 1870-I $20 1929 Federal Reserve Bank Note. PMG Gem Uncirculated 65 EPQ.
This attractive and boldly embossed Minneapolis issue features nearly even margins and bright white paper.

14813

Fr. 1870-L $20 1929 Federal Reserve Bank Note. CGA About Uncirculated 58.
A soft fold at left is noticed on this heavily embossed example.

14814

Fr. 1880-D $50 1929 Federal Reserve Bank Note. CGA Gem Uncirculated 66.
Broad margins and decent paper quality are noted on this Cleveland $50, though it is a touch tight along the bottom.

14815

Fr. 1880-K $50 1929 Federal Reserve Bank Note. Extremely Fine.
Only 168,000 Dallas Fifties were printed, with examples few and far between, especially in the higher grade ranges.

14816

Fr. 1890-I $100 1929 Federal Reserve Bank Note. Choice About Uncirculated.
Upon close inspection a very light horizontal counting fold is seen.

14817

Fr. 1890-I* $100 1929 Federal Reserve Bank Note. PMG Very Fine 20.
This is a recently discovered piece and it increases the census of this rare Friedberg number up to five. In February 2005 we sold the Taylor Family Collection example that is a full grade lower for almost $11,000. The PMG label states "Margin Tear." We see the tear and it barely penetrates the bottom frame line. Though we have had two in the last two years of this number, when will another opportunity arise?

14818

Fr. 1890-J $100 1929 Federal Reserve Bank Notes. Five Consecutive Examples PMG Choice Uncirculated 64 EPQ (2), 63 EPQ (2), Choice About Unc 58 EPQ.
Four choice examples are noticed in this group with the second note in the run exhibiting a touch too much handling for the new designation. No longer seen in runs like this, so expect a realization in the area of...

14819

Fr. 1890-J* $100 1929 Federal Reserve Bank Note. CGA About Uncirculated 58.
A light center fold is the only handling this desirable Kansas City replacement has sustained.

14820

Fr. 1900-D $1 1963 Federal Reserve Note. Superb Gem Crisp Uncirculated.
This is perhaps the finest piece we have encountered on this elusive D-B block issue. The Azpiazu $1 FRN Collector's Guide lists a value in CU at $140. The margins are simply huge and it is amazing how this note survived in such pristine condition.

14821

Fr. 1900-G $1 1963 Federal Reserve Notes. Partial Pack Serial Number G00000008B-G00000100B. Very Choice Crisp Uncirculated.
Ninety-three notes are found in this pack from the G-B block which starts at serial number G00000008B and ends with serial number G00000100B. Truly a wonderful pack with very fancy numbers.

14822

Fr. 1902-L $1 1963B Federal Reserve Notes. Original Pack of 100. Choice Crisp Uncirculated.
The strap around these notes is stamped Apr. 16, 1969.

14823

Saint Louis District $1 Federal Reserve Note Label Sets 1969A (17); 1969B (11); 1969C (3); and 1969D (23). About Uncirculated or Better.
With the introduction of the $1 FRN in 1963, label set collecting began to acquire a toehold in many collections. A label set consists of the first and last note in a "brick" of 4000 notes, plus one or more labels listing the serial number range of the "brick." The "brick" was shipped from the BEP enclosed in kraft paper with the label attached. Eventually, the trailing label for a "brick" would be eliminated and starting with the Series 1974 labels, the serial number for the final note in the "brick" would not be printed on the label.

14824

Fr. 1905-C* $1 1969B Federal Reserve Notes. Original Pack of 100. Choice Crisp Uncirculated.
Teller writing is found on the BEP band for this pack of Stars that begins with three zeros in the serial number.

14825

Fr. 1909-A $1 1977 Federal Reserve Note Serial Number Five. Choice Crisp Uncirculated.
This pleasing single digit note carries serial number A00000005B. A little tightness along the margin at bottom left is the only distraction on this well embossed beauty.

14826

Fr. 1909-D $1 1977 Federal Reserve Notes. Original Pack of Low Serial Numbers. Gem Crisp Uncirculated.
This is a well preserved Cleveland pack that contains serial numbers 101-200. All notes have wide margins and they are nicely centered. A couple of the notes do have minor corner bumps. A low serial number pack remaining intact is a highly unusual occurrence.
From The Drew Keough Collection

14827

Fr. 1909-H, Fr. 1909-H* $1 1977 Federal Reserve Notes. Matched Serial Number Very Choice Crisp Uncirculated.
This lot contains a regular and replacement issue from the St. Louis district with matching serial number H00010101.

14828

Fr. 1911-J $1 1981 Federal Reserve Note. Very Fine.
This lightly circulated example comes from the scarcer J-D block. A must have for a complete $1 FRN set.

14829

Fr. 1914-D $1 1988 Federal Reserve Note. PCGS Superb Gem New 69PPQ.
Similarly graded single courtesy autograph notes have attracted much attention in our Internet Currency Auctions. This piece which features both Ortega and Brady's signatures will likely command more attention and a higher price.

14830

Fr. 1917-F* $1 1988A Federal Reserve Web Note. PMG Gem Uncirculated 66 EPQ.
A lovely example of the only web star produced. PMG has graded only three of these stars with the 66 EPQ grade, and none higher. Our estimate here may well be overly conservative.

14831

Fr. 1917-F* $1 1988A Federal Reserve Web Note. PCGS Very Choice New 64PPQ.
Always a popular piece due to the fact that the BEP erred when it included a small run of web stock notes to be overprinted as replacements.
From The Drew Keough Collection

14832

Fr. 1920-C $1 1993 Web Federal Reserve Notes. Original Pack of 100. Gem Crisp Uncirculated.
These well margined beauties are from the short run of these for the series. This is the first time we have offered a fresh pack of C-A Block Run 9, 1/9 Combo notes before.

14833

Fr. 1923-A $1 1995 Web Federal Reserve Notes. Forty-nine Examples. Gem Crisp Uncirculated.
These A-C Webs are from Run 6 plate combination 3/10. These are listed at $25 apiece in the Azpiazu reference. A missing 25th note keeps this run from being consecutive.
From The Drew Keough Collection

14834

Fr. 1923-A $1 1995 Web Federal Reserve Notes. Thirty-nine Consecutive Examples. Gem Crisp Uncirculated.
These notes start where the previous lot ended.
From The Drew Keough Collection

14835

Fr. 1923-D $1 1995 Web Federal Reserve Notes. Original Pack of 100. Gem Crisp Uncirculated.
Three extra wide margins are found on the well preserved Web notes in this pack. These are from Run 11 with a plate combination of 2/9. These are listed at $20 per note in the Azpiazu reference.
From The Drew Keough Collection

14836

Fr. 1923-D $1 1995 Web Federal Reserve Notes. Original Pack of 100. Very Choice Crisp Uncirculated.
This fresh pack of webs carries the 2/9 Combo from Run 11.

14837

Fr. 1923-D $1 1995 Web Federal Reserve Notes. Original Pack of 100. Very Choice Crisp Uncirculated.
Here is another original pack of webs from the D-C block, Run 11, 2/9 Combo.

14838

Fr. 1923-D $1 1995 Web Federal Reserve Notes. Original Pack of 100. Choice Crisp Uncirculated.
The first and last note in this Run 11 2/9 Combo web pack have a slight corner bump.

14839

Fr. 1926-C $1 2001 Federal Reserve Note. PCGS Superb Gem New 69PPQ.
Broad margins and a duel autograph are highlighted by a near-perfect grade.

14840

Fr. 1927-L $1 2001 Federal Reserve Note. Fine-Very Fine.
Interestingly this solid serial number 6 note circulated. The paper quality is appealing and solid for the grade.

14841

Fr. 1930-A $1 2003A Federal Reserve Note. Serial Number Eight Gem Crisp Uncirculated.
This note, which carries single digit serial number L00000008B, is nicely centered and well margined.

14842

Fr. 1935-A* $2 1976 Federal Reserve Notes. 52 Examples. Gem Crisp Uncirculated.
A couple of stragglers accompany this well margined and strongly embossed half pack of replacement Deuces.

14843

Fr. 1935-E* $2 1976 Federal Reserve Notes. Original Pack of 100. Choice Crisp Uncirculated.
The Stars from this better district have serial numbers E00009501*-9600*. We can't recall a 1976 Star pack having the first four digits as zeroes in the serial number.
From The Drew Keough Collection

14844

Fr. 1935-F* $2 1976 Federal Reserve Note. CGA Gem Uncirculated 68.
This sheet cut replacement boasts gigantic margins.

14845

Fr. 1935-G* $2 1976 Federal Reserve Notes. Pack of 100. Choice Crisp Uncirculated.
This pack is held by a Federal Reserve Bank band. The final four notes are regular Chicago Bicentennial Deuces.
From The Drew Keough Collection

14846

Fr. 1935-I* $2 1976 Federal Reserve Notes. Nineteen Examples. Gem Crisp Uncirculated.
A few consecutive runs are noticed in this lot which contains the key to the series. All of these notes are nicely margined with deep inks. A couple exhibit minor dinged corners.

14847

Fr. 1935-J $2 1976 Federal Reserve Notes. Original Pack of 100. Choice Crisp Uncirculated.
Even regular packs of Bicentennial Deuces are drying up. The first couple of notes show handling.
From The Drew Keough Collection

14848

Fr. 1935-L* $2 1976 Federal Reserve Notes. Original Pack of 100. Choice Crisp Uncirculated.
San Francisco is a tougher district for Stars for the Bicentennial series. In fact this is the first Star pack we have handled for this district. With 1976 Star packs retailing for common districts (when available) at around $2500, we see this pack garnering at least that.
From The Drew Keough Collection

14849

First and Last Premium Millennium Federal Reserve $2 1995 Sets Fr. 1936-A*-L*. Choice Crisp Uncirculated.
A true herculean task was accomplished by our consignor as he was able to acquire the first and last set of the approximately 2000 sets produced for this special BEP product that quickly sold out in late 2000. Each note in these sets have serial numbers that begin with "2000." The notes in the first set each have serial number 20000001* and each of the notes in the last set have serial number 20002004*. The sets are as nice as the day they were assembled by the BEP. They are listed as Choice only due to centering issues on some notes and cutting blade oil spots found on the bottom edge of almost all of the notes of the first set and on the top edge of about one-third of the notes of the last set. This is a common phenomena found on notes of this set. Speculation is that the spots are oil from a cutting blade within the Western Currency Facility. We have not seen a single set completely escape the cutting oil spots. These sets are great numismatic items and with the very first Premium Millennium set in this lot, we feel comfortable with an estimate in the range of...

14850

Fr. 1937-A* $2 2003 Federal Reserve Note. Gem Crisp Uncirculated.
Premium Federal Reserve $2 Set Series 2003 Fr. 1937-A*-L* $2 2003 Federal Reserve Notes. Gem Crisp Uncirculated.
Each note has serial number 00000231* in this collection that is housed in a 24 page booklet. Only 2,000 sets were produced and this set took only hours to sell out. This is one of the lower serial numbers we have seen. The slipcase cover has some adhesive residue.

14851

Fr. 1937-J* $2 2003 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
This Kansas City replacement note carries ultra low serial number J00000004* from the fourth BEP set produced. Expect to see some spirited bidding as this note exudes desirability.

14852

Fr. 1951-A $5 1928A Federal Reserve Note. CGA Choice Uncirculated 63.
Ample margins are noted on this scarce Boston FRN. Though the margin is tight along the bottom, this is still a more desirable issue.

14853

Fr. 1952-C* $5 1928B Federal Reserve Note. PMG Choice Uncirculated 64 EPQ.
A mere six examples of this scarce star have made appearances in our auctions. The nicest pieces, including this pleasingly original specimen, are all from the same small serial number run.

14854

Fr. 1953-F $5 1928C Federal Reserve Note. PCGS Fine 15.
A moderately circulated but totally problem free example of this very scarce series that appears to be a full grade better from the back.

14855

Fr. 1955-I $5 1934 DGS Non-Mule Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
A well margined example from the tougher Minneapolis district.

14856

Fr. 1961-C* $5 1950 Federal Reserve Note. Extremely Fine-About Uncirculated.
This narrow variety replacement becomes the highest serial number known by over 60,000 notes in the Schwartz tome.

14857

Fr. 1961-C* $5 1950 Wide II Federal Reserve Note. Very Fine-Extremely Fine.
This seldom encountered replacement note carries Back Plate 2091 and retains much original feel and embossing despite its brief sojourn in circulation.

14858

Fr. 1962-D $5 1950A Federal Reserve Note. Solid Five Serial Number PMG Choice Uncirculated 64.
Nothing says "Wow!" like solid fives on a $5 FRN. Dark inks on bright paper await the lucky bidder.

14859

Fr. 1963-G* $5 1950B Federal Reserve Notes. Three Consecutive Examples. Very Choice Crisp Uncirculated.
A wonderful trio with the utmost in originality. Broad margins and strong embossing are readily apparent.

14860

Fr. 1989-G* $5 2003 Federal Reserve Notes. Two Examples. PCGS Superb Gem New 69PPQ.
A low print run of 320,000 ensures these spectacular, widely margined notes will remain elusive for years to come.

14861

Fr. 2000-D* $10 1928 Federal Reserve Note. Crisp Uncirculated.
A wonderful replacement with bright paper held back from a higher grade due to a paper clip indent and a slight margin nick along the top.

14862

Fr. 2000-F $10 1928 Federal Reserve Note. PCGS Gem New 65PPQ.
Wide margins are seen on this pleasing gold demand note that is deeply inked.

14863

Fr. 2000-I $10 1928 Federal Reserve Note. PCGS Very Choice New 64PPQ.
Plenty of paper wave is noticed on this early note from the Minneapolis district.

14864

Fr. 2002-G $10 1928B Federal Reserve Note. PCGS Superb Gem New 68PPQ.
Though population reports have not been released by PCGS, we are certain this is a perfect candidate for even the finest registry set of FRN's. The margins are perfectly even and the paper bold and white.

14865

Fr. 2002-G* $10 1928B Federal Reserve Note. PCGS Choice New 63.
One of three consecutive 1928B Chicago district stars. In our opinion these are all lots closer to being Light Green Seal examples than Dark Green Seal specimens, but PCGS has called them all Dark Green, so we will let our bidders make up their own minds. Catalogue value in the new small size reference is $600 in Choice CU.

14866

Fr. 2002-G* $10 1928B Federal Reserve Note. PCGS Choice New 63.
A second PCGS example of this scarce star, this with bright colors and decent centering.

14867

Fr. 2002-G* $10 1928B Federal Reserve Note. PCGS New 62.
The third in this group of consecutive 1928B stars. The top margin here is a bit close, likely the reason for the "62" designation.

14868

Fr. 2002-J* $10 1928B Federal Reserve Note. Extremely Fine-About Uncirculated.
This Dark Green Seal example exhibits a center and corner fold on otherwise bright, original surfaces.

14869

Fr. 2003-D $10 1928C Federal Reserve Note. Very Fine.
The paper and overprint are bright for the grade, though the center fold is a little heavier than one would expect.

14870

Fr. 2003-D $10 1928C Federal Reserve Note. CGA Very Good-Fine 10.
This heavily circulated issue retains most of the overprint's original color.

14871

Fr. 2003-G $10 1928C Federal Reserve Note. Choice Crisp Uncirculated.
A small counting tick is noticed near the portrait area on this nicely margined note.

14872

Fr. 2004-L* $10 1934 Federal Reserve Note. Very Fine-Extremely Fine.
This example is the lowest serial number registered in the Oakes tome. Closer to the high end of the split grade despite some light toning.

14873

Fr. 2006-G* $10 1934A Federal Reserve Note Mule. PMG Choice Uncirculated 64 EPQ.
PMG has noted this example as having great embossing which it most certainly does. The Schwartz/Lindquist tome lists a value of $800.

14874

Fr. 2008-A* $10 1934C Federal Reserve Note. Choice Crisp Uncirculated.
A bright example with natural surfaces, and a bit of aging noticed along the margin at left.

14875

Fr. 2008-D* $10 1934C Wide Federal Reserve Note. PMG Choice Uncirculated 64 EPQ.
Pleasing margins and deep inks are noticed on this Cleveland replacement.

14876

Fr. 2010-B $10 1950 Federal Reserve Notes. Changeover Pair CGA Choice Uncirculated 64 and Gem Uncirculated 65.
The Wide variety in this duo grades 65 while the Narrow variety grades 64.

14877

Four Consecutive Fr. 2012-G* $10 1950B Federal Reserve Notes. Choice Crisp Uncirculated.
The tiniest of corner bumps prevent these perfectly margined pieces from receiving a full Gem grade.

14878

Fr. 2015-G* $10 1950E Federal Reserve Note. PCGS Gem New 65PPQ.
This is a splendid Gem example of a scarce star note from a challenging series. The margins are broad and the paper surfaces are fantastic. Another trophy small size note which deserves consideration.

14879

Fr. 2015-L* $10 1950E Federal Reserve Note. PMG Choice Uncirculated 64 EPQ.
The San Francisco replacement issue is the lowest print run for the series. Plenty of deep embossing is noticed.

14880

Fr. 2033-L $10 1999 Federal Reserve Note. CGA Gem Uncirculated 66.
Serial number BL00000010A graces this wonderful Big Head from the first pack of notes printed for San Francisco.

14881

Fr. 2036-L* $10 2001 Federal Reserve Notes. 22 Consecutive Examples. Choice Crisp Uncirculated.
A little teller handling is noticed at upper left on every note in this nicely margined run.

14882

Fr. 2039-F* $10 2004A Federal Reserve Note. PCGS Superb Gem New 69PPQ.
A mere 96,000 replacements were printed for this district. This broadly margined issue is a pleasing four digit example.

14883

Fr. 2039-F* $10 2004A Federal Reserve Note. PCGS Superb Gem New 69PPQ.
This four digit issue is an example of a modern rarity that is actively sought after by collectors.

14884

Fr. 2050-E $20 1928 Federal Reserve Note. PMG Choice Uncirculated 64 EPQ.
A lovely, fully original, crackling fresh numeric designator Richmond $20 with bold embossing and great paper quality. Although there is a touch of soiling on the back, this nice Fed is closer to a gem.

14885

Fr. 2050-I $20 1928 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
A well centered and nicely margined example from the popular Minneapolis district.

14886

Fr. 2050-I $20 1928 Federal Reserve Notes. Two Examples. About Uncirculated.
This pair of Minneapolis notes each exhibits a center fold and some light handling.

14887

Fr. 2050-K $20 1928 Federal Reserve Note. Choice Crisp Uncirculated.
From an uncut strip of three consecutive examples sold by us some time ago. This note is very original with plenty of serial number embossing present. Some unimportant staining affects nothing and the eye appeal of this low serial number beauty is great. This note becomes the lowest serial number known in the Schwartz tome.

14888

Fr. 2051-J $20 1928A Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
Perhaps one of the nicest third party examples from this issue around from the same run as the Schwartz plate note.

14889

Fr. 2051-J $20 1928A Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
A desirable Kansas City numerical district designator note from a tougher series that is totally original.

14890

Fr. 2051-J $20 1928A Federal Reserve Note. PCGS Very Choice New 64PPQ.
This is a challenging series to begin with, as all numbered district notes are highly desirable. This note is even more special due to the fact that Kansas City is a scarcer district. This $20 is just a breath away from a Gem designation.

14891

Fr. 2052-G $20 1928B Federal Reserve Note. PCGS Gem New 66PPQ.
A colorful, nicely margined example that has plenty of prominent embossing present.

14892

Fr. 2054-C* $20 1934 Federal Reserve Note. PCGS Choice About New 58.
Though this note is within the serial number range for the Light Green Seal variety it most certainly is a Dark Green Seal. A soft center fold accounts for the grade.

14893

Fr. 2055-B* $20 1934A Federal Reserve Note. Very Choice Crisp Uncirculated.
A very nice New York replacement on an early FRN series. Well margined with plenty of embossing present on strictly original surfaces.

14894

Fr. 2055-L* $20 1934A Mule Federal Reserve Note. Extremely Fine.
Only three districts are reported for known mule stars in this scarce series, with the San Francisco district one of them. This is a nice evenly circulated example which catalogues in the Schwartz reference at $400 in VF. Expect a realization in the area of..

14895

Fr. 2064-B* $20 1950E Federal Reserve Note. PMG Superb Gem Unc 67 EPQ.
Definitely the nicest and most spectacular example of this rare star that this cataloger has seen in his years of experience specializing in small size currency. The margins are huge with perfect centering on all sides. The paper surfaces are crisp and crackling fresh with superb embossing and fantastic ink colors. It is a perfect note which should find a home in a major small size collection. Notes of inferior quality routinely realize in the area of $3500. In today's environment of third party encapsulation where the emphasis is towards ultra high grade notes, you can rest assured that this piece is the epitome of superb quality.

14896

Fr. 2064-L* $20 1950E Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
Only the fourth example in this state of preservation we have had the pleasure to offer.

14897

Fr. 2091-A* $20 2004A Federal Reserve Note. PCGS Perfect New 70PPQ.
What price perfection? Of only 384,000 replacements printed how many come close to this grade? Our estimate here is but a guess as quality seems to dictate value and no pricing history exists.

14898

Fr. 2091-A* $20 2004A Federal Reserve Note. PCGS Superb Gem New 69PPQ.
This replacement is perfectly printed, well embossed, and boasts a near-perfect grade.

14899

Fr. 2100-A $50 1928 Federal Reserve Note. PCGS Gem New 65PPQ.
This certainly is one of the keys to completing a set of notes for all districts within the series. Our offerings in the past five years number about ten with this bright example being one of the nicest around. Throw the price guides away on this one.

14901

Fr. 2100-D* $50 1928 Federal Reserve Note. Very Good-Fine.
Serial number 9887* adorns this Star that has the district number within the district seal. This is only the third appearance of this elusive replacement in our auctions.

14902

Fr. 2101-A $50 1928A Federal Reserve Note. Choice Crisp Uncirculated.
A nice example from the considerably scarcer Boston district.

14903

Fr. 2101-D $50 1928A Federal Reserve Note. Very Choice Crisp Uncirculated.
A bright and well centered example which could easily be labeled a gem.

14904

Fr. 2101-G $50 1928A Federal Reserve Note. PCGS Gem New 66PPQ.
This gorgeous example has wide, even margins and breathtaking, original surfaces.

14905

Fr. 2101-G $50 1928A Federal Reserve Note. PCGS Very Choice New 64PPQ.
A touch of handling is noted on this evenly margined and wholly original issue. According to the new Schwartz-Lindquist reference, this is a newly reported low serial number.

14906

Fr. 2101-G $50 1928A Federal Reserve Note. PMG Choice Uncirculated 64 EPQ.
A bright Chicago $50 FRN with plenty of embossing that is a tight bottom margin away from a gem.

14907

Fr. 2101-H $50 1928A Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
Plenty of punch through serial number embossing is easily seen on this deeply inked example from the popular St. Louis district.

14908

Fr. 2101-H $50 1928A Federal Reserve Note. PCGS Very Choice New 64PPQ.
Deep original embossing of the dark green overprint can be seen through the holder.

14909

Fr. 2101-H $50 1928A Federal Reserve Note. PMG Choice Uncirculated 64.
Pleasingly bright with a vivid overprint.

14910

Fr. 2101-K $50 1928A Federal Reserve Note. Choice Crisp Uncirculated.
A bright and very attractive Dallas example. This is the key district in this series, and a note very seldom available in this grade.

14911

Fr. 2103-G $50 1934A Federal Reserve Notes. Four Consecutive Examples. PCGS Gem New 65PPQ.
Excellent centering and fresh inks are mainstays of these notes from a bygone era.

14912

Fr. 2103-G $50 1934A Federal Reserve Notes. Three Consecutive Examples PCGS Gem New 65PPQ.
A glorious trio put away long ago which survived any detrimental handling.

14913

Fr. 2103-G $50 1934A Federal Reserve Notes. Three Consecutive Notes PCGS Very Choice New 64PPQ.
From the same mini-run as the previous lot, but with a touch narrower top margin on all the notes.

14914

Fr. 2104-E* $50 1934B Federal Reserve Note. PCGS Choice About New 58.
A lower grade example was sold in our Taylor Family sale. Expect this lightly handled scarce replacement to realize considerably more in a market where rarity counts.

14915

Fr. 2106-G* $50 1934D Federal Reserve Note. CGA Extremely Fine 45.
An extremely rare star in all grades, with a very small issue, as all of the recorded pieces to date in the Schwartz reference have been in a range of under 1000 numbers. The addition of this specimen to the census is well under 3000 notes between the lowest and highest star numbers recorded.

14916

Fr. 2107-D $50 1950 Federal Reserve Notes. 14 Consecutive Examples Choice Crisp Uncirculated.
The first note exhibits a teller pinch while the rest have wonderful embossing present. A $1000 teller stamp dated Oct. 24, 1960 accompanies the lot.

14917

Fr. 2108-H* $50 1950A Federal Reserve Note. PCGS Choice New 63PPQ. A hint more margin at right and we would expect a higher grade for this note. The paper is wholly original and bright.

14918

Fr. 2108-I $50 1950A Federal Reserve Note Specimen. PCGS Gem New 66PPQ.
It is not often enough that notes surface from old time collections that capture the attention of currency enthusiasts. This piece is just such a note. Official records indicate 384,000 Minneapolis $50's were printed for Series 1950. In January of 1953 when Priest and Humphrey assumed the roles of Treasurer and Secretary of the Treasury, there was a call for new signatures and Series 1950A began production. Notes were printed between 1953 and 1957 for all the Federal Reserve Districts except for Minneapolis and would not resume for this district until Series 1950C between January 1961 and April 1962. However, Series 1950A specimens were produced for all twelve districts including Minneapolis. This piece represents the only known opportunity to possess a Minneapolis note from this Series and is a prize for any collector specializing in this northern district's issues. A ladder serial number I23456789A graces the note and the word Specimen is printed vertically in red on the front and back. The originality is most pleasing and the margins are ample.

14919

Fr. 2109-C* $50 1950B Federal Reserve Note. Very Choice Crisp Uncirculated.
A crackling fresh and utterly original star example which catalogues for $350 in Choice CU. With a hair better face centering, this would be a screaming Gem.

14920

Fr. 2109-D* $50 1950B Federal Reserve Note. Gem Crisp Uncirculated.
A gorgeous star note with letter perfect centering, full originality, great color, and that just from the pack appearance that every collector desires.

14921

Fr. 2112-B $50 1950E Federal Reserve Note. PCGS Gem New 65PPQ.
Only the New York, Chicago, and San Francisco districts issued this intriguing series. This was the last series printed from the wet intaglio method when the BEP brought out of mothballs the old presses to handle the need for more paper money caused by the inflation of the mid-1960s. Embossing is detected on this evenly margined example.

14922

Fr. 2112-B* $50 1950E Federal Reserve Note. Very Fine.
A scarce star with wholly original paper.

14923

Fr. 2113-F* $50 1963A Federal Reserve Note. Gem Crisp Uncirculated.
A beautifully centered and fully embossed Gem star.

14924

Fr. 2116-F $50 1969B Federal Reserve Note. PMG Choice Extremely Fine 45 EPQ.
A strictly original example of this rare Atlanta district note. The margins are large with bright paper that is crisp and fresh with a few light folds. As anyone who has ever tried to find one of these knows, the Atlanta district note rarely appears either at auction or on a dealer price list and therefore the Schwartz value of $450, which is just a little above the more common districts in VF grade, is woefully low.

14925

Fr. 2116-K* $50 1969B Federal Reserve Note. PMG Very Fine 25.
This is one of the classic rarities in the modern day era of paper money collecting. Only 128,000 of these stars were printed, and this turned out to be the only district to issue replacements. In fact, only six districts issued regular notes for this series. Also, this series was current for less than 11 months during the years 1972 and 1973. A touch better than the next lot.

14926

Fr. 2116-K* $50 1969B Federal Reserve Note. PMG Very Fine 20.
An attractive and evenly circulated example of this very scarce star that had a meager printing of only 128,000. A bright green ink overprint accentuates crisp and fresh paper surfaces. The Schwartz value of $1,000 in VF might be challenged when the hammer falls on this beauty.

14927

Fr. 2117-F* $50 1969C Federal Reserve Note. PMG Gem Uncirculated 65.
This becomes only the second Atlanta replacement for the series to be offered by us in six years.

14928

Fr. 2117-I* $50 1969C Federal Reserve Note. PMG Gem Uncirculated 65.
Only 64,000 replacements were printed for the Minneapolis district. This note is nicely margined and well centered.

14929

Fr. 2118-G* $50 1974 Federal Reserve Note. Choice Crisp Uncirculated.
A breathtaking replacement with cavernous embossing present. Quite elusive in the higher grades.

14930

Fr. 2130-D $50 2006 Federal Reserve Note. PCGS Perfect New 70PPQ.
Behemoth margins are noted on this perfectly printed issue.

14931

Fr. 2150-F $100 1928 Federal Reserve Note. PCGS Choice About New 55.
A scarce note in the higher grades. In the past six years we can count on one hand the number of AU or better examples from this district available in our auctions.

14932

Fr. 2150-G* $100 1928 Federal Reserve Note. PMG Choice Very Fine 35 EPQ.
With a printing of only 72,000, this Chicago star is quite scarce in any condition, and particularly so in this state of preservation.

14933

Fr. 2150-G* $100 1928 Federal Reserve Note. Very Fine.
Another crisp lightly handled example of this star issue.

14934

Fr. 2151-H* $100 1928A Federal Reserve Note. CGA About Uncirculated 50.
From a known printing of only 24,000 examples of which numerous notes may have been destroyed or not issued. This is the second highest graded note we have had the pleasure of offering. Expect to see a realization in the area of...

14935

Fr. 2152-A $100 1934 Light Green Seal Federal Reserve Note. PCGS Choice New 63PPQ.
This Boston beauty is housed in the originally issued PCGS holder (can we say old-time at this juncture?).

14936

Fr. 2152-A $100 1934 Mule Federal Reserve Note. Crisp Uncirculated.
This note becomes the new high in the Schwartz tome. A tight bottom margin is noticed along with a small corner fold not into the design.

14937

Fr. 2152-C $100 1934 Light Green Seal Federal Reserve Note. PCGS Choice New 63PPQ.
The 7th edition of Schwartz/Lindquist values these LGS notes at $500 in Choice.

14938

Fr. 2155-C $100 1934C Federal Reserve Note. CGA Gem Uncirculated 67.
Wide margins are noticed on this note which rarely is offered at auction in this state of preservation.

14939

Fr. 2155-D* $100 1934C Mule Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
This is an excessively rare series for star notes from any district, with only seven of the eleven issuing districts represented by serial numbers in the latest Schwartz-Lindquist reference. In September 2002 we sold a Choice CU example for over $4800 and since then we have sold only one mid-grade circulated example. The note we now offer has ample margins, embossing, and white paper and it is superior to the 2002 note. Schwartz values these at $4500 in Choice CU and we view that as conservative given our experience with this Friedberg number over the years.

14940

Fr. 2155-H* $100 1934C Federal Reserve Note. PMG Choice About Unc 58 EPQ.
This newly discovered example of this very rare star is fully original and ever so close to the full uncirculated grade. It has a fresh appearance with great color, and may well realize a figure in excess of the Oakes catalogue valuation of $3750 in CU.

14941

Fr. 2157-G* $100 1950 Mule Federal Reserve Note. Very Choice Crisp Uncirculated.
A pleasing star which is quite scarce as are all in this series.

14942

Fr. 2159-H* $100 1950B Federal Reserve Note. Crisp Uncirculated.
Despite a touch of flatness this note remains bright and attractive.

14943

Fr. 2160-L* $100 1950C Federal Reserve Note. Choice About Uncirculated.
A near invisible horizontal bend is seen after much searching on this San Francisco replacement note.

14944

Fr. 2161-G $100 1950D Federal Reserve Note. PMG Superb Gem Unc 67 EPQ.
This example, which PMG has graded Superb Gem Uncirculated 67 EPQ, is tied with two others for the highest grade Series 1950D Chicago $100 Fed slabbed by PMG to date.

14945

Fr. 2161-G $100 1950D Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
While hardly a rare Friedberg number, this note will always likely be scarce in this grade.

14946

Fr. 2161-G $100 1950D Federal Reserve Notes. PMG Gem Uncirculated 65 EPQ (2), PMG Choice Uncirculated 64 EPQ (3).
Five pieces, all bearing the Exceptional Paper Quality imprimatur from PMG.

14947

Fr. 2162-B $100 1950E Federal Reserve Notes. Five Consecutive Examples. PCGS Very Choice New 64PPQ, Gem New 65PPQ (3), Gem New 66PPQ.
Four gems are contained in this mini-run of New York notes.

14948

Fr. 2162-B $100 1950E Federal Reserve Notes. Two Consecutive Examples. PCGS Gem New 66PPQ and Very Choice New 64PPQ .
This pristine, well embossed Big Apple pair is separated in grade by centering differences.

14949

Fr. 2162-B $100 1950E Federal Reserve Notes. Three Consecutive Examples. PCGS Gem New 65PPQ and Very Choice New 64PPQ (2).
This pleasing trio contains notes with bold embossing and even margins. Elusive at these grade levels, there is no telling when another original mini run as this will surface.

14950

Fr. 2162-B $100 1950E Federal Reserve Note. PCGS Superb Gem New 67PPQ.
It is not too often that perhaps the best example known is available to collectors, but we are fortunate to offer two in this condition.

14951

Fr. 2162-B $100 1950E Federal Reserve Note. PCGS Superb Gem New 67PPQ.
Here is the second pristine example as nice as the first. Crackerjack embossing and boardwalk margins which are seldom seen for the issue should generate considerable attention.

14952

Fr. 2162-B* $100 1950E Federal Reserve Note. PCGS Choice New 63PPQ.
Plenty of embossing remains though the centering on the face is a touch off. What this note lacks in margins is more than made up for in scarcity especially in the upper grade ranges.

14953

Fr. 2162-B* $100 1950E Federal Reserve Note. PCGS Choice New 63PPQ.
A little margin unevenness is seen on this elusive replacement with a printing of about 288,000 examples. We are pleased to offer several quality specimens to allow many collectors a chance to add one to their holdings.

14954

Fr. 2162-B* $100 1950E Federal Reserve Note. PMG About Uncirculated 50.
A lone center fold is noted on this issue. The last AU we handled realized a touch more than $1000. That price may prove conservative as this is only the second example of this scarce star to appear in our auctions this year.

14955

Fr. 2162-L* $100 1950E Federal Reserve Note. PMG Choice About Unc 58.
High grade C-note Stars are elusive for this series that was the final series without the "In God We Trust Motto." PMG comments that this example has "great embossing" and it is the highest graded note that we have had for this Friedberg number. Even with an estimated print run of 144,000 notes we have never had an uncirculated note to offer.

14956

Fr. 2164-I* $100 1969 Federal Reserve Note. PMG Gem Uncirculated 65.
The Minneapolis district had a print run of only 64,000 pieces, making this a definite latter day star rarity. Expect the Schwartz/Lindquist catalogue valuation of $450 to be quickly exceeded given the fact this becomes the lowest documented serial number.

14957

Fr. 2173-K* $100 1990 Federal Reserve Note. PCGS Superb Gem New 69PPQ.
Breathtaking massive margins frame this Dallas replacement note. Expect this beauty to anchor a modern star note Registry Set.

14958

Fr. 2200-D $500 1928 Federal Reserve Note. PMG Extremely Fine 40.
A few light folds account for the grade on this bright and deeply printed $500.

14959

Fr. 2200-E $500 1928 Federal Reserve Note. CGA Extremely Fine 40.
Bright white paper adds to the appeal of this low serial number issue. Surprisingly, a survey of our online auction archive reveals only seven other Richmond examples have surfaced in our auctions in the last half decade.

14960

Fr. 2200-E $500 1928 Federal Reserve Note. PMG Very Fine 30.
Solid paper is noted on this evenly circulated and problem free issue.

14961

Fr. 2200-F $500 1928 Federal Reserve Note. About Uncirculated.
This bright note is in an elusive state of preservation for the series with only a pair of light folds noticed. Some serial number embossing also remains.

14962

Fr. 2200-G $500 1928 Federal Reserve Note. PCGS Gem New 66.
This stunning note boasts wide, even margins and dazzling inks. Certainly a desirable example which will please the most discriminating collector, and likely to prove a very rare note in this exalted state of preservation.

14963

Fr. 2200-G $500 1928 Light Green Seal Federal Reserve Note. PMG Very Fine 30.
Pleasingly original paper surfaces are noted on this high denomination.

14964

Fr. 2200-G $500 1928 Federal Reserve Note. Very Fine.
A few stray ink marks, teller stamps and pinholes do little to take away from this crisp, colorful example.
From The Walla Walla Collection

14965

Fr. 2200-H $500 1928 Federal Reserve Note. PCGS New 62.
Great colors are a highlight of this St. Louis $500.

14966

Fr. 2200-H $500 1928 Federal Reserve Note. PMG Choice Very Fine 35 EPQ.
Crisp surfaces and plenty of embossing are noticed beneath the holder on this colorful St. Louis high denomination.

14967

Fr. 2200-L $500 1928 Federal Reserve Note. Very Fine+.
An evenly circulated Series 1928 example, with good color and appearance for the grade.

14968

Fr. 2200-L $500 1928 Federal Reserve Note. Very Fine.
An attractive example from this considerably tougher series, with bright colors for the grade.

14969

Fr. 2200-L $500 1928 Federal Reserve Note. PMG Choice Fine 15.
Prior to this auction, we had only handled six other issues from this district. Increasing interest in high denominations likely pushed these pieces out of hiding.

14970

Fr. 2201-A $500 1934 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
A premium example from a tougher district in the series. It offers even margins and decent centering.

14971

Fr. 2201-A $500 1934 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
We offer yet another pleasing example from this tougher district. Bright inks and plenty of punch through embossing can be seen.

14972

Fr. 2201-A $500 1934 Federal Reserve Note. PCGS Choice About New 58.
A nicely margined example from the tougher Boston district.

14973

Fr. 2201-A $500 1934 Federal Reserve Note. Extremely Fine-About Uncirculated.
A fold and two faint bends are noted on this fully margined and uncirculated looking note.
From The Drew Keough Collection

14974

Fr. 2201-A $500 1934 Federal Reserve Note. CGA Very Fine 30.
This pleasing Boston high denomination wears its slight circulation with pride.

14975

Fr. 2201-B $500 1934 Federal Reserve Note. PMG Choice Uncirculated 64 EPQ.
A pleasing, well margined example that would fill the bill for type.

14976

Fr. 2201-D $500 1934 Federal Reserve Note. CGA Gem Uncirculated 65.
There is a very slight amount of handling present, which testifies to this note's originality, but the centering, especially on the front, is excellent and the embossing heavy.

14977

Fr. 2201-F $500 1934 Light Green Seal Federal Reserve Note. Choice About Uncirculated.
A lower left corner fold is all that keeps this from the Choice grade.

14978

Fr. 2201-G/Fr. 2211-G $500/$1000 1934 Federal Reserve Notes. Gem Crisp Uncirculated.
This Gem high denomination district duo offers these important attributes: bright inks, even margins, and plenty of eye appeal. In a market which demands quality expect bidding to attain a range of...

14979

Fr. 2201-G $500 1934 Federal Reserve Note. PMG Extremely Fine 40 EPQ.
Three folds and a touch of handling do little to hinder the original embossing still present on this $500.

14980

Fr. 2201-I $500 1934 Light Green Seal Federal Reserve Note. PCGS Extremely Fine 40.
This lightly handled note is attractive and problem free.

14981

Fr. 2201-I $500 1934 Light Green Seal Federal Reserve Note. Very Fine.
This attractive LGS Minneapolis $500 has original paper surfaces and dark inks. It is also free of all but just the slightest soiling. The edges are also sound save for an approximate half inch tear at top center.

14982

Fr. 2201-J $500 1934 Federal Reserve Note. Light Green Seal PCGS Choice New 63PPQ.
This note becomes the highest known serial number for this variety in the Schwartz tome. A pleasing representative from the Kansas City district.

14983

Fr. 2201-K $500 1934 Federal Reserve Note. PCGS Extremely Fine 45.
This well inked and bright note from the elusive Dallas district has great eye appeal.

14984

Fr. 2201-K $500 1934 Federal Reserve Note Transitional Seal. Very Fine-Extremely Fine.
The paper remains quite crisp despite the amount of handling sustained on this brightly inked note.

14985

Fr. 2201-K $500 1934 Federal Reserve Note Light Green Seal. CGA Very Fine 35.
A by no means common district, especially for Light Green Seal examples. Even margins are sure to please.

14986

Fr. 2202-B $500 1934A Federal Reserve Note. CGA Choice Uncirculated 64.
Some serial number embossing is still visible on this pleasing example for type.

14987

Fr. 2202-B $500 1934A Federal Reserve Note. PMG About Uncirculated 55 EPQ.
Nice, original paper earned this note the Exceptional Paper Quality designation, though a center fold separates it from a full Choice grade.

14988

Fr. 2202-B $500 1934A Federal Reserve Note. PMG Very Fine 30.
A pleasing mid-grade note with no problems visible.

14989

Fr. 2202-F $500 1934A Federal Reserve Note. Extremely Fine.
A centerfold and a touch of handling are noted on this fully margined and bright Atlanta $500.

14990

Fr. 2202-G $500 1934A Federal Reserve Note. CGA Gem Uncirculated 66.
This Chicago note has plenty of eye appeal.

14991

Fr. 2202-G $500 1934A Federal Reserve Note. Choice About Uncirculated.
A hard center fold is the only sign this bright note ever entered circulation.

14992

Fr. 2202-G $500 1934A Federal Reserve Note. PMG About Uncirculated 53.
A diagonal corner fold is noticed at left on nicely margined note.

14993

Fr. 2202-G $500 1934A Federal Reserve Note. PCGS About New 50.
No single fold is immediately visible through the holder, though some handling is noted.

14994

Fr. 2202-G $500 1934A Federal Reserve Note. PCGS About New 50.
An attractive and colorful note very close to the New grade.
From The Drew Keough Collection

14995

Fr. 2202-G $500 1934A Federal Reserve Note. CGA Extremely Fine 40.
Three vertical folds and a horizontal fold account for the grade on this Chicago $500.

14996

Fr. 2202-J $500 1934A Federal Reserve Note. CGA Choice Uncirculated 64.
Nice embossing and margins are highlights of this $500.

14997

Fr. 2202-L $500 1934A Federal Reserve Note. Very Fine-Extremely Fine.
This eye appealing San Francisco example suffers from a couple of pinholes in the lower margin and a stray mark on the back.
From The Walla Walla Collection

14998

Fr. 2210-C $1000 1928 Federal Reserve Note. PCGS Fine 12.
Our 2005 Taylor Family Collection was the last appearance in our auctions of this scarce Philadelphia issue. That auction included a similarly graded Fine example which sold for nearly $2,000. Since then, the market for high denomination rarities has matured.

14999

Fr. 2210-E $1000 1928 Federal Reserve Note. CGA Extremely Fine 40.
The folds that account for the grade on this issue can be better described as bends. Richmond has proven to be a much scarcer issue.

15000

Fr. 2210-E $1000 1928 Federal Reserve Note. PMG Very Fine 30 EPQ.
A moderate amount of circulation does not displace the overall eye appeal of this note.

15001

Fr. 2210-F $1000 1928 Federal Reserve Note. PMG Very Fine 30.
A PMG graded Series 1928 example from a considerably scarcer district. Expect to see a realization in the vicinity of...

15002

Fr. 2210-G $1000 1928 Federal Reserve Note. PCGS Choice New 63.
Solid margins and bright white paper add to the eye appeal of this issue.

15003

Fr. 2210-G $1000 1928 Federal Reserve Note. PMG Extremely Fine 40.
Solid margins are noticed along with bright inks on this desirable early high denomination.

15004

Fr. 2210-G $1000 1928 Federal Reserve Note. PCGS Extremely Fine 40.
A nicely centered early 1928 FRN that exhibits some serial number embossing noticed within the holder.

15005

Fr. 2210-G $1000 1928 Federal Reserve Note. PMG Choice Very Fine 35.
This moderately circulated 1928 $1000 boasts bright and original paper.

15006

Fr. 2210-H $1000 1928 Federal Reserve Note. PCGS Extremely Fine 40.
Deep inks remain bright on this pleasing St. Louis issue.

15007

Fr. 2210-H $1000 1928 Federal Reserve Note. Very Fine-Extremely Fine.
This bright note features a bold overprint and decent margins. Some pinholes are noted, but are hardly distracting.

15008

Fr. 2210-H $1000 1928 Federal Reserve Note. PMG Very Fine 30 EPQ.
Bright, original paper earned this piece an EPQ designation.

15009

Fr. 2210-H $1000 1928 Federal Reserve Note. PMG Very Fine 20.
The deep green overprint stands out on this issue. A couple of pinholes are noted, but only upon close scrutiny.

15010

Fr. 2210-K $1000 1928 Federal Reserve Note. Very Fine-Extremely Fine.
A rare and desirable issue marked by few auction appearances. With just under 43,000 notes printed for this district it is almost the scarcest for this issue. A slight margin tear into the design is noticed near top center.

15011

Fr. 2211-B $1000 1934 Light Green Seal Federal Reserve Note. PCGS About New 50.
A couple of corner bumps are noticed on this bright, lightly handled high denomination.
From The Drew Keough Collection

15012

Fr. 2211-D $1000 1934 Federal Reserve Note. CGA Very Fine 25.
January 16, 1941 saw the last delivery of these notes to the Cleveland Federal Reserve Bank. A modicum of light soiling is noticed.

15013

Fr. 2211-F $1000 1934 Federal Reserve Note. CGA Gem Uncirculated 65.
Serial number embossing is noticed on this nice Atlanta example.

15014

Fr. 2211-F $1000 1934 Federal Reserve Note. CGA Choice Uncirculated 64.
Atlanta is a tougher district for this majestic denomination. This particular note came out of the "Florida Find."

15015

Fr. 2211-G $1000 1934 Federal Reserve Note. Light Green Seal CGA Choice Uncirculated 64.
Plenty of eye appeal and even margins are noticed on this note, which has a pleasing lime green seal.

15016

Fr. 2211-G $1000 1934 Federal Reserve Note. PMG About Uncirculated 55.
Plenty of eye appeal remains on this deeply inked, well embossed example with a broad corner fold visible.

15017

Fr. 2211-G $1000 1934 Federal Reserve Note. CGA About Uncirculated 55.
The usual fold or two have kept this note from the upper grades. Bright colors and solid margins are seen.

15019

Fr. 2211-G $1000 1934 Federal Reserve Note. PCGS Extremely Fine 45.
A nicely margined example that offers plenty of eye appeal.

15020

Fr. 2211-G $1000 1934 Light Green Seal Federal Reserve Note. PCGS Extremely Fine 40.
This attractive issue is perfectly margined and sports the more desirable Light Green Seal.

15021

Fr. 2211-G $1000 1934 Federal Reserve Note. PMG Choice Very Fine 35 EPQ.
This is a strongly embossed example that retains very bright surfaces. It leans towards a higher grade, but the number of folds keeps that notion in check.

15022

Fr. 2211-G $1000 1934 Dark Green Seal Federal Reserve Note. PCGS Very Fine 25.
There are no problems to report on this moderately circulated issue.

15023

Fr. 2211-G $1000 1934 Federal Reserve Note. Very Fine+.
Embossing is still visible on this Chicago issue with a tiny margin nick along the bottom.

15024

Fr. 2211-G* $1000 1934 Federal Reserve Note. About Fine.
Though this is the most common district for stars, these notes are by no means easy to come by. A few pen notations are noticed along with a phone number on the back bottom margin. The note faces up well despite the paper softness and margin nicks noticed.

15025

Fr. 2211-H $1000 1934 Light Green Seal Federal Reserve Note. CGA Gem Uncirculated 66.
The colors are bright for this three digit serial number issue which had a touch over 22,000 notes printed.

15026

Fr. 2211-H $1000 1934 Light Green Seal Federal Reserve Note. CGA Choice Uncirculated 64.
This is a bright, attractive example of the scarcer LGS variety that falls just short of Gem.

15027

Fr. 2211-H $1000 1934 Light Green Seal Federal Reserve Note. PMG Choice Uncirculated 64.
The light green overprint is still vibrant and contrasts nicely against the white paper.

15028

Fr. 2211-H $1000 1934 Light Green Seal Federal Reserve Note. PMG About Uncirculated 55 EPQ.
Plenty of embossing remains on this bright note with a fancy serial number..

15029

Fr. 2211-H $1000 1934 Light Green Seal Federal Reserve Note. Fine-Very Fine.
A nondescript high denomination piece save for its neat single digit serial number, H00000006A. Other than one serial number 1 1928 example, this is the only single digit thousand we know of, as none are listed for this series in the Schwartz and Lindquist reference. Any estimate here is just a guess, but the popularity of low serial numbers along with their undoubted rarity in this series may prove our estimate very conservative.

15030

Fr. 2211-J $1000 1934 Federal Reserve Note. PCGS Choice New 63PPQ.
The holder lists this note as a Light Green Seal, but it is the Dark Green Seal variety. It's a bright Kansas City representative that is heavily embossed.

15031

Fr. 2211-K $1000 1934 Federal Reserve Note. PCGS Choice About New 55PPQ.
A nicely centered note exhibiting the slightest handling from a popular district.

15032

Fr. 2211-K $1000 1934 Federal Reserve Note Light Green Seal. Very Fine.
This now becomes the lowest serial number known by over 350 notes. Appearances at auction of this variety are few and far between. A slight margin tear into the design along the fold line and some closed pinholes are the only flaws of note.

15033

Fr. 2211-K $1000 1934 Federal Reserve Note. Very Fine.
This moderately circulated issue is from a more popular district. A lone pinhead sized hole is noted.

15034

Fr. 2212-A $1000 1934A Federal Reserve Note. PCGS Choice About New 55.
One of 30,000 pieces printed from the Boston district. This lightly handled note remains well embossed.

15035

Fr. 2212-D $1000 1934A Federal Reserve Note. CGA Very Fine 30.
Several light folds have contributed to the assigned grade on this bright Cleveland note.

15036

Fr. 2212-E $1000 1934A Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
This is only the second 1934A Richmond $1000 that we can recall offering in any uncirculated grade, let alone in Gem. This district has the second lowest print run of any in the 1934A series, and is valued at $9000 in CU in the new Schwartz catalogue, on a par with the Minneapolis and Dallas district notes, which turn up in this grade with somewhat more frequency. The only comparable note we can find was the Taylor Family Collection example, which was a Series 1934 Richmond thousand in Gem CU which realized over $10,000 against a pre-sale estimate of $3000-4000. With the current emphasis on rarity and quality, this well centered Richmond district beauty housed in a PMG Gem New 66 EPQ holder is certainly a candidate for a runaway price.

15037

Fr. 2212-F $1000 1934A Federal Reserve Note. PCGS Choice About New 55.
This slightly better district appears only a few times a year in our auctions. This piece appears fully uncirculated as no single fold is visible in the holder.

15038

Fr. 2212-F $1000 1934A Federal Reserve Note. PCGS About New 50.
This decently margined piece is likely a lone fold from an Uncirculated grade.

15039

Fr. 2212-F $1000 1934A Mule Federal Reserve Note. PMG Choice Extremely Fine 45.
A mid-grade example of the ever elusive Atlanta district high denomination that is sure to please.

15040

Fr. 2212-G $1000 1934A Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
A bright and beautifully centered thousand which makes a perfect example for any high end type set.

15041

Fr. 2212-G $1000 1934A Federal Reserve Note. CGA Gem Uncirculated 66.
This bright and colorful example is well margined.

15042

Fr. 2212-G $1000 1934A Federal Reserve Note. CGA Choice Uncirculated 64.
Original surfaces are noticed within the holder on this high denomination that is touch tight at lower right.

15043

Two Consecutive Fr. 2212-G $1000 1934A Federal Reserve Notes. PCGS Choice About New 58.
Solid, nearly even margins on both examples of this consecutive duo give the appearance of full Gem grades. In the holder, there is no trace of the limiting factors that prevented the award of such a lofty grade.

15044

Fr. 2212-G $1000 1934A Federal Reserve Note. PCGS Choice About New 58.
A nicely centered high grade thousand which is a fold away from the full Choice Uncirculated grade.

15045

Fr. 2212-G $1000 1934A Federal Reserve Note. PCGS About New 50.
This pleasing well margined note is deeply inked.

15046

Fr. 2212-G $1000 1934A Federal Reserve Note. About Uncirculated.
This is a pleasing high denomination with a soft fold noticed upon close inspection.

15047

Fr. 2212-G $1000 1934A Federal Reserve Note. PCGS Extremely Fine 40.
A center fold and corner tip fold are noted, but do not detract from the overall uncirculated appearance of the note.

15048

Fr. 2212-G $1000 1934A Federal Reserve Note. Extremely Fine.
A crackling fresh example which appears considerably higher grade until examined closely.

15049

Fr. 2212-G $1000 1934A Federal Reserve Note. PCGS Extremely Fine 40.
This lightly handled high denomination looks fresh within the holder.

15050

Fr. 2212-G* $1000 1934A Federal Reserve Note. CGA Gem Uncirculated 65.
This is a rare replacement for the issue as less than ten examples are known. Uncommon in this state of preservation, this is the first of a consecutive pair with vivid inks and decent margins.

15051

Fr. 2212-G* $1000 1934A Federal Reserve Note. CGA Gem Uncirculated 65.
The second note of the pair and just as pleasing as the first. Rare and elusive, especially with the lofty assigned grade.

15052

Fr. 2212-J $1000 1934A Federal Reserve Note. PCGS Apparent Choice About New 58.
A bright, well margined note which was placed in a red holder for a very minor abrasion on the back.

15053

Fr. 2212-J $1000 1934A Federal Reserve Note. PCGS Choice About New 55.
This bright note is one of but 21,600 printed from here in this series. Only the slightest handling has a accounted for the grade.
From The Drew Keough Collection

15054

Fr. 2212-L $1000 1934A Federal Reserve Note. CGA About Uncirculated 55.
A very high end piece which is just a centerfold from the Choice Uncirculated grade.

15055

Fr. 2221-G $5000 1934 Federal Reserve Note. PCGS Very Choice New 64.
A well centered and very bright $5000 note which is very close to the elusive gem grade, having received a rating of Very Choice New 64 by PCGS. The reverse is slightly shifted, which likely prompted the Very Choice New rather than the Gem designation. The last $5000 we offered, which also graded 64, realized a strong $126,500, and we see no reason why this note, which is a truly scarce item in this grade, will not see the hammer fall somewhere in the same vicinity.

15056

Fr. 2300 $1 1935A Hawaii Silver Certificate. PCGS Superb Gem New 67PPQ.
Behemoth margins and deep inks highlight this note rarely seen at this lofty grade level.

15057

A Pair of Gem Fr. 2300 $1 1935A Hawaii Silver Certificates. PCGS Gem New 66PPQ and PCGS Gem New 65PPQ.
The embossing from the HAWAII overprint on back stands out boldly on the face. Both the L-C and C-C block are represented in this lot.

15058

Fr. 2300 $1 1935A Hawaii Silver Certificate. PMG Gem Uncirculated 66.
A nicely centered PMG graded example bearing low serial number C00000723C.

15059

A Pair of Fr. 2300 $1 1935A Hawaii Silver Certificates. PCGS Gem New 65PPQ and PCGS Choice New 63PPQ.
A well matched, original pair.

15060

Fr. 2300 $1 1935A Hawaii Silver Certificate. PMG Gem Uncirculated 65 EPQ.
This ideally margined issue from the C-C block boasts a low three digit serial number C00000270C.

15061

Fr. 2300 $1 1935A Hawaii Silver Certificate. CGA Gem Uncirculated 65.
Serial number C00001300C graces this bright, well margined representative.

15062

Fr. 2300 $1 1935A Hawaii Silver Certificate. CGA Gem Uncirculated 65.
This note from the elusive F-C block has plenty of eye appeal.

15063

Fr. 2300 $1 1935A Hawaii Silver Certificates. Eight Consecutive Examples.
This consecutive run is split equally between 64 and 65 third-party graded notes. The first; fourth; seventh; and eighth notes grade PMG Choice Uncirculated 64 EPQ and the other four notes weigh in at PMG Gem Uncirculated 65 EPQ. All of the notes are beautiful with only a slight reduction in a top or bottom margin keeping those four notes from also being graded as Gem.

15064

Fr. 2300 $1 1935A Hawaii Silver Certificate. PMG Choice Uncirculated 64 EPQ.
With a touch better centering, this F-C block example would be an absolute gem.

15065

Fr. 2300 $1 1935A Hawaii Silver Certificates. Three Consecutive Examples PMG Choice Uncirculated 64 EPQ.
A corner tip fold is noticed on the last note in this otherwise pack fresh trio.

15066

Fr. 2300 $1 1935A Hawaii Silver Certificates. Two Consecutive Examples Choice Crisp Uncirculated.
A lovely pair of pack fresh $1 Hawaii notes.

15067

Fr. 2300 $1 1935A Hawaii Silver Certificates. Four Examples.
The four notes in this lot have grades PMG Choice About Unc 58 EPQ; PMG Choice Uncirculated 63; PMG Choice Uncirculated 64 EPQ; and PMG Choice Uncirculated 64.

15068

Fr. 2301 $5 1934 Hawaii Mule Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
A crackling-fresh and beautifully centered example of this always-in-demand design. An extensive and time consuming search may unearth a note that is the equal of this piece, but this level of holdered quality may prove impossible to surpass.

15069

Fr. 2302 $5 1934A Hawaii Federal Reserve Note. PMG Gem Uncirculated 66.
A beautifully centered example encapsulated in a PMG Gem Uncirculated 66 holder.

15070

Fr. 2302 $5 1934A Hawaii Federal Reserve Note. PCGS Choice New 63PPQ.
Nice Hawaii $5 FRN's are drying up on the market. Add this nicely embossed and well margined note to your holdings before prices rise.

15071

A Consecutive Pair of Fr. 2302 $5 1934A Hawaii Federal Reserve Notes.
This well matched pair grades PMG Choice Uncirculated 63 EPQ and Very Choice Uncirculated 64 EPQ respectively. The only difference in quality between these wholly original notes is margin size.

15072

Fr. 2302 $5 1934A Hawaii Federal Reserve Note. Crisp Uncirculated.
Even margins are noticed on this bright Brown Seal.

15073

Fr. 2303 $10 1934A Hawaii Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
A colorful representative which is totally original in every respect with monstrous embossing, and plentiful margins. Decent centering rounds out the superlatives one would use to describe this lovely piece.

15074

Fr. 2303 $10 1934A Hawaii Federal Reserve Note. PMG Gem Uncirculated 65.
A bright and well margined piece which appears fully deserving of PMG's Gem Uncirculated 65 grade.

15075

Fr. 2303 $10 1934A Hawaii Federal Reserve Note. PCGS Choice About New 58PPQ.
A broad corner fold is noticed at lower left, otherwise this note is full gem.
From The Drew Keough Collection

15076

Fr. 2304 $20 1934 Hawaii Mule Federal Reserve Note. CGA About Uncirculated 58.
This well margined and scarce 1934 issue suffered a single fold in circulation but faces up as well as most uncirculated pieces.

15077

Fr. 2304 $20 1934 Hawaii Mule Federal Reserve Note. PMG About Uncirculated 50 EPQ.
A scarcer example in higher grade reflected in values for uncirculated notes. Expect this lightly handled note to achieve a realization in the area of...

15078

Fr. 2304* $20 1934 Hawaii Federal Reserve Note. CGA Very Fine 20.
This Hawaii Mule Star is just plain rare, regardless of grade. Fortunately, this lightly circulated piece boasts the eye appeal one would desire for such a scarce issue.

15079

Fr. 2305 $20 1934A Hawaii Federal Reserve Note. PMG Gem Uncirculated 66.
A common enough note in grades up through 65, but a very scarce note in this state of preservation.

15080

Fr. 2305 $20 1934A Hawaii Federal Reserve Note. CGA Gem Uncirculated 66.
A nicely centered example that is elusive in this state of preservation.

15081

Fr. 2305 $20 1934A Hawaii Federal Reserve Note. CGA Gem Uncirculated 65.
Some embossing is noticed beneath the holder of this note with margins appropriate for the grade.

15082

Fr. 2305 $20 1934A Hawaii Federal Reserve Note. CGA Choice Uncirculated 64.
Pleasing margins are noticed on this bright note.

15083

Fr. 2305 $20 1934A Hawaii Federal Reserve Note. CGA Choice Uncirculated 64.
A thin left margin is noticed on this nicely embossed Hawaiian.

15084

Fr. 2305 $20 1934A Hawaii Federal Reserve Note. CGA Choice Uncirculated 64.
A bright, pack fresh example of an always in demand issue.

15085

Fr. 2305 $20 1934A Hawaii Federal Reserve Note. CGA About Uncirculated 58.
A fold to the right of center is noticed on this bright Hawaii.

15086

Fr. 2305* $20 1934A Hawaii Federal Reserve Note. Fine-Very Fine.
Hawaii stars in any denomination save the $1 have become scarce items in recent years. This piece is an evenly circulated example with no problems whatever for the grade. Catalogue value in Very Fine is $1750 in the new Schwartz and Lindquist reference.

15087

Fr. 2306 $1 1935A North Africa Silver Certificate. PMG Superb Gem Unc 67 EPQ.
This C-C block note is pack fresh and beautifully margined. One of the finest examples which may be available. What value may be placed on a piece of such superlative quality?

15088

A Pair of Fr. 2306 $1 1935A North Africa Silver Certificates. PCGS Gem New 65PPQ and PCGS Very Choice New 64PPQ.
Bold yellow seals and ideally original paper are noted on this I-C and R-C block pair.

15089

A Pair of Fr. 2306 $1 1935A North Africa Silver Certificates. PCGS Gem New 65PPQ and PCGS Very Choice New 64.
This pair represents examples from the B-C and C-C blocks. The margins are equally as pleasing on both specimens.

15090

Fr. 2306 $1 1935A North Africa Silver Certificate. PMG Choice Uncirculated 63 EPQ.
Like the Hawaiian Ace, the North Africa F-C block also had a print run of only 12,000 notes. This note boasts bright color and a deep yellow seal to complement the rich blue serial numbers.

15091

Fr. 2306* $1 1935A North Africa Silver Certificate. PMG Extremely Fine 40.
A moderate amount of light folds are found on this bright and very well margined North Africa star.

15092

Fr. 2307 $5 1934A North Africa Silver Certificate. PMG Superb Gem Unc 67 EPQ.
Here is a desirable note which would make a nice matched set with the 67 $1 NA offered earlier. Wide margins and bright inks create a captivating piece making it quite distinctive from others.

15093

Fr. 2307 $5 1934A North Africa Silver Certificate. CGA Gem Uncirculated 66.
Dark blue and yellow ink highlight this North Africa $5 that exhibits natural paper wave.

15094

Fr. 2307 $5 1934A North Africa Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Even margins and bright colors are the mainstays of this popular WWII example.

15095

Fr. 2307 $5 1934A North Africa Silver Certificate. Late Finished Face Plate 307. PMG Gem Uncirculated 65 EPQ.
One of a consecutive pair of Late Finished Face Plate 307 examples graded Gem Uncirculated 65 EPQ by PMG. The catalogue value here is $600 in Choice CU. These two gems will likely fetch considerably more.

15096

Fr. 2307 $5 1934A North Africa Silver Certificate. Late Finished Face Plate 307. PMG Gem Uncirculated 65 EPQ.
The other note in the consecutive pair of Face Plate 307 gems. This brightly colored specimen is certain to please.

15097

Fr. 2307 $5 1934A North Africa Silver Certificate. PMG Gem Uncirculated 65 EPQ.
This is perhaps one of the brightest yellow seals ever seen on a North Africa note. The paper quality is stunning.
From The Warren Marshall Collection

15098

Fr. 2307 $5 1934A North Africa Silver Certificate. PCGS Very Choice New 64PPQ.
If the top margin were a bit larger this note most certainly would be a Gem.

15099

Fr. 2307 $5 1934A North Africa Silver Certificates. Changeover Pair. PMG Choice Uncirculated 64 EPQ/Gem Uncirculated 65 EPQ.
An interesting changeover pair we've not previously encountered, with the first note a regular $5 North Africa example and the second a late Finish Face Plate 307 specimen.

15100

Fr. 2307 $5 1934A North Africa Silver Certificate. PCGS Very Choice New 64PPQ.
Even margins can be seen on this deeply embossed example.

15101

Fr. 2307 $5 1934A North Africa Silver Certificate. PCGS Choice About New 58.
This note just misses the new grade.
From The Drew Keough Collection

15102

Fr. 2308 $10 1934 North Africa Silver Certificate. PCGS Choice New 63PPQ.
This major North Africa rarity is a new discovery and one to write home about. When we viewed this note prior to third party certification, we knew it was different. It was difficult to dismiss the perfectly original paper waves, embossing of the serial numbers and seal, and bright, appealing paper quality. It is in our opinion the finest example of this rare note with regard to originality and eye appeal that we have laid eyes on. A line from a past description sums up the many other examples of this major rarity that we have examined, "Although other 'uncirculated' Series 1934 North Africa tens are known, most all are dead flat and utterly lifeless examples from one short serial number run." While those notes are technically uncirculated, they are significantly different in appearance and originality from the specimen offered here. The third party holder does little to hide the originality of this piece, and when the hammer falls tonight it will be clear the appreciation today's collectors have for notes of the utmost rarity and quality.

15103

Fr. 2309 $10 1934A North Africa Silver Certificate. PMG Gem Uncirculated 65 EPQ.
Plenty of embossing is noticed on this evenly margined note.

15104

Fr. 2309 $10 1934A North Africa Silver Certificate. Gem Crisp Uncirculated.
A gorgeous note with pack fresh originality, full embossing, and exceptionally nice centering.

15105

Fr. 2309 $10 1934A North Africa Silver Certificate. Gem Crisp Uncirculated.
Well centered and crackling fresh with that just out of the pack appearance that collectors love.

15106

Fr. 2309 $10 1934A North Africa Silver Certificate. PMG Choice Uncirculated 64 EPQ.
Plenty of punch thru embossing is noticed on this nicely margined note.

15107

Fr. 2309 $10 1934A North Africa Silver Certificate. PCGS Choice About New 55PPQ.
A pleasing North Africa that looks Gem in the holder.
From The Drew Keough Collection

15108

Fr. 2309* $10 1934A North Africa Silver Certificate. Very Fine+.
A touch of staining is noticed on the surface of this lower print run replacement note.

15109

Fr. 2400 $10 1928 Gold Certificate. Gem Crisp Uncirculated.
A bright, fresh and fully original $10 Gold. This piece is utterly original, with great color and full embossing. One minor handling mark is noted, but this still easily meets the full Gem criterion.
From The John Ameen Collection

15110

Fr. 2400 $10 1928 Gold Certificate. CGA Gem Uncirculated 65.
A touch of flatness is noticed on this colorful note.

15111

Fr. 2400 $10 1928 Gold Certificate. PMG Choice Uncirculated 64 EPQ.
Solid, near-even margins are noted on this Gem quality issue. A touch of handling is noted and accounts for the grade.

15112

Fr. 2400 $10 1928 Gold Certificate. PMG Choice Uncirculated 64 EPQ.
Perfectly original paper quality is easily seen in the third party holder.

15113

Fr. 2400 $10 1928 Gold Certificate. PCGS Very Choice New 64PPQ.
Plenty of embossing is visible beneath the holder on this eye appealing Gold Seal.
From The Drew Keough Collection

15114

Fr. 2400 $10 1928 Gold Certificate. CGA Choice Uncirculated 63.
Original paper surfaces and an attractive orange overprint highlight this $10 Gold.

15115

Fr. 2400* $10 1928 Gold Certificate. PCGS About New 50PPQ.
A high end example of this very popular star, not at all an easy item to find in this state of preservation, as this is one of a few $10 Gold stars we've had to offer in AU during the past five years. Bright and attractive, with vibrant colors.
From The Drew Keough Collection

15116

Fr. 2400* $10 1928 Gold Certificate. PMG Very Fine 25.
This attractive star note boasts solid, problem-free paper.

15117

Fr. 2400* $10 1928 Gold Certificate. Fine+.
This replacement Gold will not break the bank. A light washing is evident.

15118

Fr. 2402 $20 1928 Gold Certificate. Gem Crisp Uncirculated.
Another gem from the Ameen holdings, with this piece a crackling fresh and well embossed beauty. The centering here is better than average, and the presence of one light handling mark amounts to a miniscule distraction.
From The John Ameen Collection

15119

Fr. 2402 $20 1928 Gold Certificate. CGA Choice Uncirculated 64.
The margins are ample on all sides except one. Overall, the eye appeal is ideal, including a bold gold overprint.

15120

Fr. 2402 $20 1928 Gold Certificate. CGA Choice Uncirculated 64.
The black and orange inks are dark on this $20 Gold while the paper exhibits natural paper wave.

15121

Fr. 2402 $20 1928 Gold Certificate. PMG Choice About Unc 58.
Some light handling and a center bend are noted.

15122

Fr. 2402 $20 1928 Gold Certificate. Choice About Uncirculated.
This is as nice of a Choice About Uncirculated issue as one will find. The center bend that accounts for the grade would go unnoticed by many a collector and even a dealer.
From The Drew Keough Collection

15123

Fr. 2402 $20 1928 Gold Certificate. PMG About Uncirculated 55.
The gold overprint remains quite bold on this lightly handled note.

15124

Fr. 2402* $20 1928 Gold Certificate. CGA Very Fine 20.
The overprint remains bright on this always popular replacement note issue.

15125

Fr. 2402* $20 1928 Gold Certificate. Fine.
A perfectly original, problem-free circulated Gold star note.

15126

Fr. 2402* $20 1928 Gold Certificate. Fine.
A popular note that is affordable as well.

15127

Fr. 2404 $50 1928 Gold Certificate. PCGS Gem New 65PPQ.
The first of a near consecutive pair, each housed in a PCGS Gem New 65PPQ holder. This is a lovely example, with great color and full originality, with the embossing showing right through the PCGS encasement.

15128

Fr. 2404 1928 $50 Gold Certificate. PCGS Gem New 65PPQ.
The second piece to this near consecutive pair, and just as colorful and original as its mate above.

15129

Fr. 2404 $50 1928 Gold Certificate. Gem Crisp Uncirculated.
This is a beautifully centered piece which is as fresh and original as a note can be. While $50 Gold Certificates do come with bright colors, they do not often appear with the vibrant gold color against the bright white paper this example displays. This piece, from the Ameen holdings, is about as nice as these will ever come.
From The John Ameen Collection

15130

Fr. 2404 $50 1928 Gold Certificate. PCGS New 62.
Some handling is the obvious grade limiting factor on this vibrantly colored gold certificate. The margins are sufficient for a full choice grade and there are original paper waves.

15131

Fr. 2404 $50 1928 Gold Certificate. PCGS Choice About New 58.
It is hard to tell what the reason for the grade assigned was, but most likely a soft fold of some kind. Well margined and quite bright, expect a winning realization closer to the new grade.
From The Drew Keough Collection

15132

Fr. 2404 $50 1928 Gold Certificate. PCGS Very Fine 35PPQ.
This is an attractive mid-grade $50 Gold. It combines nice color with its original paper surfaces to exhibit a superior note for the grade.

15133

Fr. 2404 $50 1928 Gold Certificate. CGA Very Fine 30.
The lower left hand corner has been restored on this popular denomination.

15134

Fr. 2404 $50 1928 Gold Certificate. PCGS Very Fine 30.
This lightly circulated issue received a few folds and some light handling but retains its original, bright-white paper and deep, golden overprint.

15135

Fr. 2404 $50 1928 Gold Certificate. Very Fine.
The golden yellow overprint on this fully margined issue is as bright as one would find on a fully uncirculated issue.

15136

Fr. 2404 $50 1928 Gold Certificate. Very Fine.
This mid-grade issue retains most of its original color including a bold overprint.

15137

Fr. 2405 $100 1928 Gold Certificate. Extremely Fine-About Uncirculated.
A bright and well centered note which appears to be fully uncirculated until carefully examined. The folds are exceptionally light and difficult to find, and the amount of real circulation truly negligible. As collectors trying to put together high end circulated sets can attest, this is a very difficult note to find in this state of preservation. Throw away the Sheet here and expect to pay...

15138

Fr. 2405 $100 1928 Gold Certificate. Extremely Fine-About Uncirculated.
A bright example with great color and eye appeal, typical of the old time quality of John Ameen's notes. There is one center fold and some light handling, but overall this piece is far prettier than many notes described as uncirculated.
From The John Ameen Collection

15139

Fr. 2405 $100 1928 Gold Certificate. Very Fine-Extremely Fine.
A nicely margined and problem free note much closer to the higher end of the grade.
From The Walla Walla Collection

15140

Fr. 2405 $100 1928 Gold Certificate. Very Fine-Extremely Fine.
The overprint remains quite bright on this example that has suffered a couple of pinholes.
From The Walla Walla Collection

15141

Fr. 2405 $100 1928 Gold Certificate. PCGS Very Fine 20.
Bright paper remains on this deeply golden overprinted note.

15142

Fr. 2405 $100 1928 Gold Certificate. Very Fine.
Bright paper and a perfectly bright overprint are noted on this popular gold certificate denomination.
From The Drew Keough Collection

15143

Fr. 2405 $100 1928 Gold Certificate. PMG Choice Fine 15.
Even circulation is found on this increasingly popular issue which remains bright.

15144

Fr. 2407 $500 1928 Gold Certificate. PMG Very Fine 25 Net.
This is a bright and very aesthetically appealing example of this scarce and in demand high denomination Gold Certificate. There are a tiny repair at the top margin, which PMG has noted on the back of the holder, and, instead of the somewhat higher grade the note would have without the repair, PMG has given it the grade of Very Fine 25 Net. With the eye appeal and bright color this note displays, it would not surprise us to see a realization in the area of...
From The Drew Keough Collection

15145

Fr. 2408 $1000 1928 Gold Certificate. PMG About Uncirculated 53 EPQ.
The paper remains bright on this scarce issue which does not turn up with regularity. The eye appeal is second to none and the centering is decent. Expect this note to be hotly contested, with a realization in the vicinity of...

15146

Fr. 1914-L* $1 1988 Federal Reserve Note. PMG Choice Very Fine 35 EPQ. Fr. 1937-L* $2 2003 Federal Reserve Note. PCGS Superb Gem New 67PPQ.
In today's currency market the opportunity to assemble a matched pair as this is quite difficult. The $2 FRN comes from a BEP set and is very well margined. Expect a strong bid to ensure the acquisition of this interesting San Francisco duo.

15147

Pair of Ivy Baker Priest Autographed $5 Notes
Fr. 1656 $5 1953A Silver Certificate Courtesy Autograph. AU. Fr. 1963-C* $5 1950B Federal Reserve Note Courtesy Autograph. Very Choice CU.
A couple of elusive issues used for signatures.

15148

Georgia Neese Clark Autographed Trio.
This triple dose of treasurer Clark's signatures features a Fr. 1613N in AU, Fr. 1654 Wide I in Choice CU, and a Fr. 2010-D in XF/AU.

Error Notes

15149

Fr. 89 $5 1907 Legal Tender Very Fine. An obstruction left behind a loop like design element within the portrait area.

15150

Fr. 249 $2 1899 Silver Certificate PMG Very Good 8. A neat inverted back on an issue that reports five examples for this Friedberg number. A bit of margin roughness is noticed.

15151

Fr. 1978-E $5 1985 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
This wonderful Type II version of the elusive inverted back is possibly the first for this series and denomination recorded and is not currently listed in A Comprehensive Catalog & Price Guide 2nd Edition by Dr. Frederick J. Bart. We are pleased to offer this note in an unparalleled grade for the first time to the error note collecting community.

15152

Fr. 2118-A $50 1974 Federal Reserve Note. Gem Crisp Uncirculated.
From the Taylor Family Collection this neat note shows a portion of two notes on the back. A tough denomination for this error.

15153

Fr. ?-K $10 ???? Federal Reserve Note. Choice About Uncirculated.
A light fold is noticed on this blank face $10 FRN that has plenty of embossing and original surfaces.

15154

Fr. ?-B $20 ? Federal Reserve Note. PMG Gem Uncirculated 66 EPQ. Huge margins are noticed on this gorgeous example of the missing 2nd Print Error.

15155

Fr. 2075-G $20 1985 Federal Reserve Note. Crisp Uncirculated.
A couple of minor corner bumps at left account for the grade on this otherwise gem note.

15156

Fr. 2171-L $100 1985 Federal Reserve Note. PMG Extremely Fine 45 EPQ.
An obstruction has left only a sliver of the first printing on this denomination, which rarely displays errors of this magnitude.

15157

Fr. 1613W $1 1935D Silver Certificate. Very Fine+.
An inverted overprint affects this early Blue Seal.
From The Warren Marshall Collection

15158

Fr. 2032-J $10 1995 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ. A most attractive PMG graded inverted third printing error displaying its associated cutting error as well.

15159

Fr. 2168-A $100 1977 Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
One of the two keys among inverted third printings (along with the deuce), and a note that is seldom offered. This well margined beauty is one of the nicest examples we have seen.

15160

Fr. ? $1 19?? Silver Certificate. Gem Crisp Uncirculated.
The overprints are completely missing on this pleasing example that has a few as made wrinkles running through the paper.

15161

Fr. 1908-F $1 1974 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
The serial number and Treasury Seal green ink printing are completely missing from this highly unusual Atlanta $1 error.

15162

Fr. 1984-E $5 1995 Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
The last two digits of the serial number can barely be seen on this widely margined Richmond $5 FRN.

15163

Fr. 2023-J $10 1977 Federal Reserve Note. PMG Gem Uncirculated 66 EPQ.
The third printing was totally missed on this early $10 Fed.

15164

Fr. 2122-? $50 1985 Federal Reserve Note. PCGS Very Fine 30.
This nifty Fifty totally bypassed the third printing.
From The Walla Walla Collection

15165

Fr. 1984-E $5 1995 Federal Reserve Note. Gem Crisp Uncirculated.
Fr. 1985-I $5 1995 Federal Reserve Note. Gem Crisp Uncirculated. Boardwalk margins are noticed on this Richmond issue with only a hint of serial numbers visible. A regular note is included to assist in visualizing the error.

15166

Fr. 2009-L $10 1934D Federal Reserve Note. PMG Choice Uncirculated 64.
The green portion of the overprint is nowhere to be seen on this hugely margined note. Not many errors are seen for this series and denomination.
From The Warren Marshall Collection

15167

Fr. 2075-A $20 1985 Federal Reserve Note. Choice About Uncirculated.
Serial numbers are barely visible, aiding in discovering this note from the Boston district. Folded once and then put away.

15168

Fr. 1910-A $1 1977A Federal Reserve Notes. Two Consecutive Errors With Bookends Choice Crisp Uncirculated.
A pair of fresh serial number on back errors are wedged between four bookends on either side.

15169

Fr. 1910-L $1 1977A Federal Reserve Note. PMG Gem Uncirculated 66 EPQ. A beautiful third printing on reverse specimen which is about as nice an example as a collector could ever hope for.

15170

Fr. 1913-D $1 1985 Federal Reserve Note. Gem Crisp Uncirculated.
This is a wonderful, strongly embossed example of this popular error type from the Cleveland district.

15171

Fr. 1918-E $1 1993 Federal Reserve Notes. Choice Crisp Uncirculated. A consecutive pair of $1 Feds, each with the third printing on the reverse.

15172

Fr. 1978-D $5 1985 Federal Reserve Notes. Choice Crisp Uncirculated. A crackling fresh consecutive pair, each with the third printing on the reverse.

15173

Fr. 2023-B $10 1977 Federal Reserve Note. Gem Crisp Uncirculated. A lovely third printing on reverse example.

15174

Fr. 2024-B $10 1977A Federal Reserve Notes. Choice About Uncirculated. A trio of consecutive examples, each with the third printing on the back

15175

Fr. 2024-L $10 1977A Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
The third print was inadvertently applied to the back on this San Francisco sawbuck.

15176

Fr. 2027-L $10 1985 Federal Reserve Note. PMG Gem Uncirculated 66 EPQ. A gorgeous third printing on reverse example graded Gem Uncirculated 66 EPQ by PMG.

15177

Fr. 2073-F $20 1981 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ. Another in a high grade denomination set of third printing on reverse examples, all graded by PMG.

15178

Fr. 2120-L $50 1981 Federal Reserve Note. PMG Gem Uncirculated 66 EPQ. This is a considerably more difficult denomination to obtain with the third printing on the reverse, especially this nice. This PMG graded Gem Uncirculated 66 EPQ specimen certainly ranks as one of the very nicest $50 examples we've had to offer in any of our sales.

15179

Fr. 2166-B $100 1969C Federal Reserve Note. PMG Choice Uncirculated 63 EPQ. The $100 and the $2 are the key pieces to completing a denomination set of third printing on reverse examples. This PMG graded piece appears perfect but for a slightly skewed face and back.

15180

Fr. 1614 $1 1935E Silver Certificate. Very Fine+.
The popular A193/A293 mismatch is seen on this bright note.
From The Warren Marshall Collection

15181

Fr. 1621 $1 1957B Silver Certificate. PCGS Gem New 66PPQ.
This U37/U47 mismatch is close to perfectly margined with great front to back centering

15182

Fr. 1621 $1 1957B Silver Certificate. PMG Gem Uncirculated 66 EPQ.
Another pleasing well margined note from the popular U37/U47 mismatch. One of a pair of consecutive notes.

15183

Fr. 1621 $1 1957B Silver Certificate. PMG Gem Uncirculated 66 EPQ.
Nice even margins are noticed on this fresh U37/U47 mismatch.

15184

Fr. 1621 $1 1957B Silver Certificate. CGA Gem Uncirculated 65.
An original example of the popular U37/U47 mismatch incorrectly attributed as a Fr. 1619 on the holder.

15185

Fr. 1903-F $1 1969 Federal Reserve Note. Choice Crisp Uncirculated.
This is an example of the famous F68/67 mismatched serial number $1. These had already been in circulation for a while in Atlanta before the public caught on in the mid-1970s, making uncirculated examples truly scarce. This example has extra wide margins.

15186

Fr. 1926-B $1 2001 Federal Reserve Note. PCGS Superb Gem New 67PPQ.
This two digit mismatch boasts gigantic margins and is the most recent error of this type to surface.

15187

Fr. 1935-B $2 1976 Federal Reserve Note. PCGS Gem New 66PPQ.
This is an attractive example of this ever popular H/B prefix error. Is it from New York or is it from St. Louis?

15188

Fr. 1935-B $2 1976 Federal Reserve Note. PCGS Very Choice New 64PPQ. Here is another pleasing example of this popular prefix mismatch that has a thin left margin.

15189

Fr. 2027-H $10 1985 Federal Reserve Note. Choice About Uncirculated.
A neat error missing the left half of the third print with the district letter and a numeric identifier misplaced on the back.

15190

Fr. 1962-C $5 1950A Federal Reserve Note. Very Fine+.
The third print is shifted left into the portrait area on this early $5 FRN.

15191

Fr. 2300 $1 1935A Hawaii Silver Certificate. Extremely Fine.
A wildly miscut back is seen on this P-C block Hawaii note. All Hawaii errors are elusive and there should be considerable interest in this one.

15192

Fr. 1907-J $1 1969D Federal Reserve Note. PCGS Choice About New 58PPQ.
This rather large foldover occurred prior to the application of the third printing.

15193

Fr. 1973-A $5 1974 Federal Reserve Note. PMG About Uncirculated 55 EPQ.
Light handling is noticed on this pleasing foldover from the Boston district.

15194

Fr. 1975-G $5 1977A Federal Reserve Note. PCGS Choice New 63PPQ.
This eye catching error remains in great shape with plenty of strong embossing present along with bright color.

15195

Fr. 1978-J $5 1985 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.
This striking foldover on a Kansas City FRN remains very bright with nice margins.

15196

Fr. 2075-B $20 1985 Federal Reserve Notes. Two Examples Choice About Uncirculated.
A small ding at upper left and some handling affect these interesting, well embossed cut and fold errors.

15197

Fr. 2084-J $20 1996 Federal Reserve Note. PMG Gem Uncirculated 65 EPQ. An attractive foldover on one of the "New Twenties," which is not a common error, especially in this grade.

15198

Fr. 2114-L $50 1969 Federal Reserve Note. PCGS About New 50.
A not so common error on an elusive denomination.
From The Walla Walla Collection

15199

Fr. 1655 $5 1953 Silver Certificates. Three Consecutive Examples PCGS Very Choice New 64PPQ and Choice New 63PPQ (2).
This trio exhibits a progressive partial back to face offset at lower left.

15200

Fr. 2119-B $50 1977 Federal Reserve Note. PCGS Gem New 65PPQ.
Fifties are a hard denomination for errors in general, but this example sports a very dark back to face 100% offset. This is a great error that has much eye appeal.
From The Walla Walla Collection

15201

Fr. 2166-H $100 1969C Federal Reserve Note. PCGS Very Choice New 64PPQ.
This St. Louis C-note has a dark face to back 100% offset. This has a dramatic effect as Benjamin Franklin casts an eerie presence over Independence Hall. This is one of the better $100 offsets that we have seen in our auctions.
From The Walla Walla Collection

15202

Fr. 2168-B $100 1977 Federal Reserve Note. Very Choice Crisp Uncirculated.
This full offset features the entire face design on back. The paper is exceptional with deep embossing and solid margins for the grade.

15203

Fr. 2168-L $100 1977 Federal Reserve Note. PCGS Very Choice New 64PPQ.
This San Francisco $100 strikes a dark 100% face to back offset pose.
From The Walla Walla Collection

15204

Fr. 2175-B $100 1996 Federal Reserve Note. PCGS Choice About New 58.
A tiny corner of this face to back offset is missing at upper right. A scarce denomination for this type of error.

15205

Fr. 1915-B $1 1988A Federal Reserve Note. PMG Choice Uncirculated 64 EPQ.
Multiple errors affect this note which suffered from printed tears as well as an obstruction at lower right.

15206

Fr. 2017-E $10 1963A Federal Reserve Note. PCGS Very Choice New 64PPQ.
A nifty printed tear affecting all three printings is noticed on this early $10 FRN.

15207

Fr. 1931-J $1 2003A Federal Reserve Note. Choice About Uncirculated.
The back is very nearly obliterated by an ink smear that covers about 90% of the area, scarce as such. A few light wrinkles are the only handling noticed.

15208

Fr. 1701 $10 1934 Silver Certificate. Gem Crisp Uncirculated.
From a tough series for errors, the back has a bit of overinking at left that has left this area blurry.
From The Drew Keough Collection

15209

Fr. 1915-C $1 1988A Federal Reserve Note. Choice Crisp Uncirculated.
A major underinking of the back is noticed on this Philly issue. Would make a nice set with the overinked back below.

15210

Fr. 1915-C $1 1988A Federal Reserve Note. Crisp Uncirculated.
The back is affected by a major overinking of almost 75%.

15211

Fr. 1976-D $5 1981 Federal Reserve Note. About Uncirculated.
Both the green and black third printings have been over applied.

15212

Fr. 2085-B $20 1999 Federal Reserve Note. Very Fine+.
The treasury seal is dropped low on this still crisp Big Head $20 FRN.

15213

Fr. 2167-K $100 1974 Federal Reserve Note. PMG Choice Uncirculated 64.
Barely discernible design elements are seen on this C-note that displays insufficient ink on the back.

15214

Fr. 1654* $5 1934D Silver Certificate. PCGS Choice About New 58.
In January of this year, we sold another $5 Silver Star Note with an obstruction affecting only the overprint. That piece featured an obstructed serial number and realized near $900. This piece is as appealing with an obstruction of the bold blue "5".

15215

Fr. 1611* $1 1935B Silver Certificate. PMG Gem Uncirculated 66 EPQ.
This piece was luckily plucked from circulated as it includes an embedded foreign object. The object is rather small, but larger than the occasional wood chip of metal shaving. It is located on the left side of the note and is best viewed from the back.

15216

Fr. 1901-L $1 1963A Federal Reserve Notes. Two Consecutive Examples. PCGS Superb Gem New 67PPQ & Gem New 66PPQ. This is the first time we have seen "gas pump" or partially turned digit errors that effect two digits of a serial number. This pair has the first two digits of their lower serial number seriously out of alignment.
From The Walla Walla Collection

15217

Fr. 1909-K $1 1977 Federal Reserve Notes. Ninety-four Examples. Choice Crisp Uncirculated. The BEP band for this grouping has "Errors" written on it. This leads to discovering that 21 notes have "Gas Pump" or partially turned digit errors. The numbering wheels were improperly working to produce these error notes that have serial numbers in a state of limbo. It is the last digit of the upper right serial number that is affected. The first note in the pack shows handling and six notes are missing from this pack.
From The Drew Keough Collection

15218

Fr. 1912-H $1 1981A Federal Reserve Notes. Original Pack of 100 Consecutive Back Plate 129 Errors Gem Crisp Uncirculated.
Catalog value on these beauties is about $50 each in this condition. This error occurred when the engraver placed the Back Plate number on the left side versus the right. No longer appearing with regularity, packs have become quite scarce.

15219

Fr. 1922-H $1 1995 Federal Reserve Notes. Original Pack of 100 Examples With 26 Back Plate 295 Errors Gem Crisp Uncirculated.
This BEP fresh pack contains 26 Back Plate 295 mule errors which occurred when a plate bound for Washington DC ended up in Fort Worth printing notes with a micro back check number. Face plates 334, 330, 331, & 413 are in the pack.

15220

Fr. 1930-F $1 2003A Federal Reserve Note. PCGS Gem New 65PPQ.
This moderate misalignment error affects both sides of the note as a portion of the adjacent note is visible at left.

15221

Fr. 1984-B $5 1995 Federal Reserve Note. Crisp Uncirculated.
This pleasing miscut affects both the front and back of the note. A bit of teller handling at left accounts for the grade.

15222

Fr. 1985-J $5 1995 Federal Reserve Note. Fine-Very Fine.
Who was minding the press when this happened? A serial number appears on an angle at lower left with a portion of the district seal and black district numeral on the back. Some staining and a missing corner are noticed along with several pinholes. A tear at right may have occurred during the manufacture. This lot is sold as is with no returns accepted.

15223

Fr. 2175-K $100 1996 Federal Reserve Note. PMG Gem Uncirculated 65.
Large margins are noticeable on this misplaced watermark example which it carries on the left side of the note versus the normal right side.

15224

Fr. 1909-K $1 1977 Federal Reserve Note. PMG Extremely Fine 40.
Face Plate 826 was used twice to create this eye catching error that has a doubled face giving George four eyes. A touch of minor staining is seen in the margins.

15225

Fr. 2011-B $10 1950A Federal Reserve Note. PMG About Uncirculated 55.
Doubled back printing affects this early $10 FRN. Both Back Plate number 1490 & 1499 are noticed.

15226

Fr. 1909-J $1 1977 Federal Reserve Note. PMG Choice Uncirculated 63 EPQ. A lovely example with a full double second printing, with both printings coming from the same face plate. This is one of the most sought after and distinctive modern errors and will likely realize...

15227

Fr. 1915-F $1 1988A Federal Reserve Note. PMG Gem Uncirculated 65 EPQ. A lovely PMG graded example of this very scarce and dramatic error, with the result being a seriously shifted third printing along with a major cutting miscue allowing portions of two notes to be present on this example.

15228

Fr. 1930-D $1 2003A Federal Reserve Notes. Three Consecutive Notes.
This error sequence is held in one of the new PMG multi-note holders. The first note has a major misalignment error grading PMG Gem Uncirculated 65 EPQ. The third printing is shifted drastically to the left on this first note. The second note has a minor misalignment error and it grades PMG Choice Uncirculated 64 EPQ. The third note is not an error and it is deemed a "Bookend Note" as it closes the error run of notes. The third note grades PMG Gem Uncirculated 65 EPQ.

15229

Fr. 1969-G $5 1969 Federal Reserve Notes. Five Consecutive Examples Gem Crisp Uncirculated.
The first note in this scarce grouping exhibits a neat foldover while the remaining four notes show partial offsets on both sides to match it. A neat item which will find a welcome home in an advanced error collection.

15230

Fr. 1977-K $5 1981A Federal Reserve Note. Choice About Uncirculated.
A neat cutting error that has retained about 25% percent of the note above. Folded once and put away after its discovery.

15231

Fr. 2072-D $20 1977 Federal Reserve Note. Choice Crisp Uncirculated.
Portions of four different notes are visible due to the skewed face printing while the back remains normal. Highly desirable for type, it maintains deep inks with some embossing present. One of the nicest we have seen.

15232

Fr. 2073-A $20 1981 Federal Reserve Note. PCGS Very Choice New 64PPQ.
This gorgeous example of an end of roll splice error covers almost 50% of the bottom half of the note. The condition may qualify this note as one of the finest known of these type errors. Our last splice error in a lesser grade sold for over $5000 in April of 2006. This example is more attractive and offers better margins than that note and certainly is rare for its type.

15233

Fr. 2001-E $10/5 1928A Federal Reserve Note. Crisp Uncirculated.
From our Taylor Family Collection where the description read, "This is one of the scarcer double denominations with just a handful of examples recorded. It's available far less frequently than the Kansas City $5/10, and, despite its considerably higher degree of rarity will likely fetch just about the same amount by the time the hammer falls this evening." The note realized $19,550 on an estimate of $10,000-$15,000. With errors of this magnitude tightly held and rarely offered, expect a substantial increase by the time the hammer falls this afternoon.

15234

Fr. 2071-K $20/10 1974 Federal Reserve Note. Very Choice Crisp Uncirculated.
A lovely example of the only modern era double denomination note. Almost all of the reported examples were released in Houston, and many of the known pieces were saved only after circulating to a greater or lesser degree. All are rare, as the number released was quite small, and uncirculated copies are extremely rare, with the number extant likely fewer than a dozen. The last example of this major error we handled realized $23,000. A stronger market which demands rarity and the opportunity to acquire it should generate a realization in the area of...

15235

Fr. 2071-K $20/10 1974 Federal Reserve Note. 1974 Federal Reserve Note Double Denomination. Extremely Fine-About Uncirculated.
It is a great day in this profession when the opportunity presents itself to offer not just one, but two of this very elusive and eye catching double denomination errors. A few folds are noticed on this example which saw a bit of circulation in the Houston area before being put aside. The famed Taylor Family Collection did not contain a version of this famous BEP mistake.

Session 5

Large Size

15236

Fr. 16 $1 1862 Legal Tender PMG Choice Uncirculated 63 EPQ. This note was acquired by the Dauers as an upgrade for the piece that appears on page 50 of their book. The note features the portrait of Salmon Chase, who was Secretary of the Treasury from 1861 to 1864. Chase came close to receiving the Republican Party's presidential nomination in 1856 and again in 1860. After Lincoln's election in 1860, Lincoln selected Chase as his Secretary of the Treasury. Chase served until 1864, when he resigned the cabinet position. Later that year he was appointed Chief Justice of the Supreme Court, where he served until his death in 1873. The stand-out feature of the Dauers' example of this Salmon Chase type is its color, which is simply perfect for the both the inks and paper.
From The Dr. Edward & Joanne Dauer Collection

15237

Fr. 18 $1 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. The Dauers have photographed both sides of this gorgeous Rainbow Ace on page 53 of their massive book. They have also used this note for the blow-up of the engraving of Christopher Columbus in sight of land. The note is nicely margined with the full range of ink colors that supply this note with its "Rainbow" nickname.
From The Dr. Edward & Joanne Dauer Collection

15238

Fr. 20 $1 1875 Legal Tender PMG Gem Uncirculated 66 EPQ. To this date, this example is the highest graded by PMG. This 66EPQ stands alone at the top of the census with only a single 65 below it. While it is impossible to guarantee that this will be the only 66 for very long, it is certainly safe to say that there will never be more than a handful. Fr. 20s are not terribly scarce with over 175 examples known in all grades combined, but they become decidedly rare in Gem grade. The margins and color are Superb on this piece, and the EPQ designation says all one needs to know about the paper surfaces.
From The Dr. Edward & Joanne Dauer Collection

15239

Fr. 23 $1 1875 Legal Tender PMG Choice Uncirculated 64 EPQ. Fr. 23 is a truly rare number with under 40 examples known in all grades. There is a single run of Uncirculated pieces that has supplied virtually every nice example known of this "C" type 1875 Legal Ace. This note is not a part of that run, but rather a random Uncirculated survivor. Save for a slightly tight top margin, it would have qualified for the full Gem grade. The red overprint on this note - which includes the series designation, the large floral flourish and the seal - are all printed in a much brighter red than we are use to seeing on this typically weakly printed type. A handsome note that is quite rare at this grade level. PMG has graded only this note and two others at 64 or better.
From The Dr. Edward & Joanne Dauer Collection

15240

Fr. 29 $1 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Although over 200 pieces are known for the type, the great majority of them are well circulated and many of the higher grade pieces will never earn the "Exceptional Paper Quality" designation. This note, which falls just shy of the full Gem grade, has been photographed both sides on page 55 of the Dauers' definitive work. Fr. 28 and Fr. 29 are of roughly comparable rarity with approximately 200 pieces known. Their type-mate, Fr. 30, is by far the more available with over 400 examples in the census.
From The Dr. Edward & Joanne Dauer Collection

15241

Fr. 31 $1 1880 Legal Tender PMG Choice Uncirculated 64. This piece has the large salmon-colored spiked seal contrasting with the blue serial numbers. It is well margined with bright colors and excellent eye-appeal. The note is illustrated on page 55 of the Dauers' book. Only a few more than 100 examples are known for this number in all grades combined. PMG has held this note just below the full Gem grade. It is very hard to judge once the pieces are encapsulated, but it certainly appears to us that this one could have just as easily been called 65.
From The Dr. Edward & Joanne Dauer Collection

15242

Fr. 32 $1 1880 Legal Tender PMG About Uncirculated 55. This Large Brown Seal Blue Serial Number note is illustrated on page 56 of the Dauers' book. Under 60 examples are known in all grades combined. This cataloger has always considered this type to be one of the most handsome of our early Aces. It is the more available of the two-number type - outnumbering Fr. 33 by a two-to-one margin.
From The Dr. Edward & Joanne Dauer Collection

15243

Fr. 34 $1 1880 Legal Tender PMG Choice Uncirculated 63. PMG has noted "Restoration" on their holder. The note is well margined with good color and is illustrated on page 56 of the Dauers' book. This 1880 series Ace, with its smaller red scalloped seal, is the first dollar bill with a more modern look.
From The Dr. Edward & Joanne Dauer Collection

15244

Fr. 37a $1 1917 Legal Tender PMG Choice Uncirculated 63. This is the much scarcer Burke-Elliot variety with the Treasurer's signature appearing on the left, and the Register's signature appearing on the right. Only about 100 examples are known of this popular variety for all grades combined. PMG has graded 13 examples at this grade and higher. This is the piece illustrated at the bottom of page 56 in the Dauers' highly informative 2003 book.
From The Dr. Edward & Joanne Dauer Collection

15245

Fr. 39 $1 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. Although not the example pictured in their book to represent the type, this is an outstanding 1917 Ace, which certainly appears to us to have been graded a bit on the conservative side. This Speelman-White example is the final signature combination for this basic $1 type that, with only minor changes, was produced from 1869 through the 1920s.
From The Dr. Edward & Joanne Dauer Collection

15246

Fr. 40 $1 1923 Legal Tender PMG Choice Uncirculated 63 EPQ. Although this is not the note used for the illustration, this type is shown on page 57 of the Dauers' book. In that book, the Dauers point out "This was the last large size legal tender note issued before the change to the current small size notes. The portrait of George Washington is the same one used on current one-dollar notes."
From The Dr. Edward & Joanne Dauer Collection

15247

Fr. 42 $2 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. This $2 Rainbow note is illustrated on both sides on page 62 of the Dauers' work. PMG has awarded this Rainbow Deuce its "Exceptional Paper Quality" comment and the note certainly seems to have earned it. It is the first of our two-dollar bills to use the Thomas Jefferson portrait. The Dauers mention in their book that..."Jefferson wrote his own epitaph, which ignores the numerous roles he played in public service, but stated very simply, 'author of the Declaration of Independence, the statute of Virginia granting religious freedom, and father of the University of Virginia'." The founding of the University, which was accomplished during Jefferson's retirement, was a lifelong goal. Rainbow Deuces are certainly not rare with over 400 examples known, but high-grade pieces, particularly those with the EPQ qualifier, are very hard to locate. PMG has graded only 17 examples at this level or higher.
From The Dr. Edward & Joanne Dauer Collection

15248

Fr. 46 $2 1875 Legal Tender PMG About Uncirculated 53. Only a few more than 30 examples are known for this 1875 Deuce with the "Series B" designation. This one is illustrated both sides on page 63 of the Dauers' encyclopedic work. PMG has graded only a half dozen examples of this Friedberg number in all grades. The note has stronger ink color than normally seen on this deceptively scarce Friedberg number.
From The Dr. Edward & Joanne Dauer Collection

15249

Fr. 50 $2 1880 Legal Tender PMG Choice Uncirculated 64. Although this is not the note they used, this Brown Seal Red Serial Number 1880 Deuce type is illustrated at the bottom of page 63 of the Dauers' book. Surprisingly, not many over 100 examples of this number are known. Four notes have been graded by PMG at this 64 level with only a single example graded higher.
From The Dr. Edward & Joanne Dauer Collection

15250

Fr. 51 $2 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. This is the Large Brown Seal Red Serial Number Deuce that is used to illustrate the type in the Dauer book. It is fully Gem quality and has been assigned the coveted "Exceptional Paper Quality" comment by PMG. This and two other notes have been graded 65EPQ with only two pieces higher. The colors are terrific on this Large Brown Seal Deuce, which bears the portrait of Thomas Jefferson, our third president. Although Alexander Hamilton was featured on our earliest Deuce, he was soon after replaced with Jefferson, who has been associated with this denomination ever since. Jefferson's home, Monticello, is featured on the back of our small size Deuces. A challenging note to find at this grade level.
From The Dr. Edward & Joanne Dauer Collection

15251

Fr. 53 $2 1880 Legal Tender PMG About Uncirculated 50. Fr. 53 is rare in all grades with only about 40 examples enumerated in the census. This piece, though it carries the negative comment "Repaired", certainly is a winner in the eye-appeal department. The repair, whatever it may be, is far from obvious, and the note has the appearance of a higher-grade piece. PMG has graded only 7 examples of this number in total. The large red seal in combination with the deep blue serial number adds a nice splash of color to this handsome type. The Dauers have illustrated this note on page 64 of their book.
From The Dr. Edward & Joanne Dauer Collection

15252

Fr. 54 $2 1880 Legal Tender PMG Very Fine 20. The Dauers have used this rare number to illustrate the Large Brown Seal Blue Serial Number type. It is the middle illustration on page 64 of their 400+ page book. Less than 20 examples are known of this rare note in all grades combined and PMG has graded only 4. While certainly well circulated, this note has remained quite clean and is free of the normal problems one would expect to find in the 20 grade.
From The Dr. Edward & Joanne Dauer Collection

15253

Fr. 56 $2 1880 Legal Tender PMG About Uncirculated 55. A relatively common note with a few more than 150 examples recorded. The Dauers have used this piece to illustrate the Small Seal Blue Serial Number type on page 64 of their book. The note is well margined with bright colors and strong eye appeal.
From The Dr. Edward & Joanne Dauer Collection

15254

Fr. 58 $2 1917 Legal Tender PMG Choice Uncirculated 64. Although not the example used to illustrate the type on page 66 of the Dauers' book, this note is also a two-digit example - serial number B25A. That serial number combined with the PMG Choice grade and the note's bright colors should make this a popular lot.
From The Dr. Edward & Joanne Dauer Collection

15255

Fr. 60 $2 1917 Legal Tender PMG Gem Uncirculated 66 EPQ. Fr. 60 is one of the most common Large Size type notes, and certainly the most common Deuce. Nonetheless, 66EPQ examples are far from common. PMG has graded 22 Fr. 60s at this level with only one piece higher. This is not the note used by the Dauers as their illustration, but the type is illustrated on page 66 along with a biography of Thomas Jefferson.
From The Dr. Edward & Joanne Dauer Collection

15256

Fr. 61a $5 1862 Legal Tender PMG Choice Uncirculated 64. PMG has commented "Vivid Color" and this note certainly has that. It is the earlier type with the First Obligation back. The margins are excellent and the eye-appeal of the piece is certainly that of a full Gem. Although this is not the example used for the illustration, it has come from the same pack and is less than 40 serial numbers removed from the piece illustrated on page 73 of the Dauer book.
From The Dr. Edward & Joanne Dauer Collection

15257

Fr. 62 $5 1862 Legal Tender PMG Choice About Unc 58. Fr. 62 is a much scarcer number of this relatively common design type. Only 50 examples are known of this variety, which has the Second Obligation back and the March 10, 1862 date. In spite of its AU grade, this piece is safely in the top ten examples. PMG has graded only this note at the 58 level with only four pieces higher. The type is illustrated on page 73 of the Dauers' book, although this is not the illustration piece.
From The Dr. Edward & Joanne Dauer Collection

15258

Fr. 63 $5 1863 Legal Tender PMG About Uncirculated 55. The colors, particularly the very deep red seal, are outstanding on this Second Obligation 1863 Five. The note is very well margined and has the full appearance of a Gem. This type is illustrated on page 73 of the Dauers' book; this note is used for the illustration of the back design at the bottom of the page.
From The Dr. Edward & Joanne Dauer Collection

15259

Fr. 64 $5 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. All four illustrations on page 74 of the Dauers' American History As Seen Through Currency are of this note. It is used to illustrate both sides of the Rainbow Five as well as blow-ups of the counterfeit warning and the Legal Tender obligation. The note has many of the qualities of a full Gem, but PMG has held it just below that level--likely due to the bottom face margin coming a touch close at its left.
From The Dr. Edward & Joanne Dauer Collection

15260

Fr. 69 $5 1878 Legal Tender PMG About Uncirculated 55. The Dauers have illustrated both sides of this note on page 75 of their 400+ page book. In spite of its AU grade, it's an unusually nice example of the type with a deep maroon seal, broad margins, and near-perfect back centering. About 125 Fr. 69s are known, with a pretty fair amount of them at the upper-end of the grade scale. While this note is just about midway up the census, its handsome appearance makes it a very desirable piece.
From The Dr. Edward & Joanne Dauer Collection

15261

Fr. 72 $5 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Although this note was not used, this Friedberg number is illustrated on page 75 of the Dauers' currency history book. A handful more than 100 of Fr. 72 are known. PMG has graded four of them at this level and seven higher.
From The Dr. Edward & Joanne Dauer Collection

15262

Fr. 74 $5 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. About 125 examples of this number are known. PMG has graded only four of them at this 65EPQ level, with two notes higher. The Dauers have used this note to illustrate the Large Plain Red Seal Blue Serial Number type in their book. It is at the top of page 76. Andrew Jackson, who appears at the left, led the American forces in the battle of New Orleans in January 1815. The Pioneer Family vignette that appears at the center of our $5 Legals symbolizes an interesting association to President Jackson. Soldiers who served under Jackson in the War of 1812 were granted 120 acres of Federal land as a pension for their service.
From The Dr. Edward & Joanne Dauer Collection

15263

Fr. 76 $5 1880 Legal Tender PMG About Uncirculated 55. PMG has graded only five Fr. 76s - four of which are AUs with one other heavily circulated. The low number of pieces graded fits right in with the census where less than 60 examples of this number are known in all grades combined. To date, no Fr. 76 has been PMG graded above the 58 level. This note has the appearance of a Choice Uncirculated piece. It has been used by the Dauers to illustrate the Large Red Spiked Seal Blue Serial number type in their massive book on Page 76.
From The Dr. Edward & Joanne Dauer Collection

15264

Fr. 78 $5 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. A much rarer number with only three dozen examples known in all grades. This is the lone 64 with just three pieces graded higher by PMG. The top face margin was likely responsible for the Choice grade as the note appears to be a perfect Gem in every other sense. The "Exceptional Paper Quality" comment has been earned by this piece as the original embossing is easily seen through the encapsulation. The Dauers have chosen this piece as their illustration example for the Large Brown Seal Blue Serial Number type. It appears on page 76.
From The Dr. Edward & Joanne Dauer Collection

15265

Fr. 81 $5 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. About 90 examples exist of this number, and not very many of them could be nicer than this piece. It is well margined with good eye appeal and decent back centering. PMG has granted this note its "Exceptional Paper Quality" comment. This type is illustrated on page 81 of the Dauers' book, but this is not the note used for that illustration. Andrew Jackson, our seventh president, served two terms between the years 1829 and 1837. According to the Dauers' book, "Born in a backwoods settlement in the Carolinas in 1767, Jackson was self educated. He was elected president by popular vote with more votes than any of his predecessors."
From The Dr. Edward & Joanne Dauer Collection

15266

Fr. 83 $5 1907 Legal Tender PMG Gem Uncirculated 65 EPQ. 120 examples of Fr. 83 are known, but not a whole lot of them are nicer than this full Gem EPQ example. The colors are strong and the surfaces strictly original. PMG has graded 22 pieces - three at this level and three higher.
From The Dr. Edward & Joanne Dauer Collection

15267

Fr. 84 $5 1907 Legal Tender PMG Choice Uncirculated 64 EPQ. Just over 100 examples of this Friedberg number are known. The Dauers have used this note as an illustration of the type on page 81 of their book. PMG has graded this piece 64EPQ, with only three notes higher.
From The Dr. Edward & Joanne Dauer Collection

15268

Fr. 85 $5 1907 Legal Tender PMG Choice About Unc 58. A handsome example of this basic 1907 Pioneer type. The type is illustrated on page 81 of the Dauer book, but the example shown is a different note.
From The Dr. Edward & Joanne Dauer Collection

15269

Fr. 93 $10 1862 Legal Tender PMG Choice Uncirculated 63 EPQ. This piece is illustrated both sides on page 82 of the Dauer book. It's the scarcer type with the First Obligation back. The Dauers acquired this note from CAA in May of 1999 for the then strong price of $5,225. Seven years later, and in its current 63EPQ holder, it should fare far better. We would not be surprised with a realization that reached or exceeded...
From The Dr. Edward & Joanne Dauer Collection

15270

Fr. 95b $10 1863 Legal Tender PMG Choice About Unc 58 EPQ. The back of this note has been used for the illustration of the Second Obligation reverse on page 82 of the Dauers' book. About 150 examples of this type are known, the great majority of which are rather low grade. This piece has most all the attributes of a Very Choice New example save for a minor corner fold at the upper right of the face, which can only be seen at the upper left of the back. This is the type of AU that frequently surprises in price.
From The Dr. Edward & Joanne Dauer Collection

15271

Fr. 96 $10 1869 Legal Tender PMG Gem Uncirculated 65 EPQ. A gorgeous Rainbow Ten with far brighter color than the typical example of this type. The seal in particular is a stand-out for color as it is a bold red rather than the normally-seen lighter pink. The green underprint and blue anti-counterfeiting stain are also unusually bold on this well-centered example. This note is an upgrade of the piece featured both sides on page 83 of the Dauer book.
From The Dr. Edward & Joanne Dauer Collection

15272

Fr. 99 $10 1878 Legal Tender PMG Uncirculated 62. Only about 75 examples of this number are known. This piece, which is illustrated both sides in the Dauers' reference work, was acquired by them from a 1996 CAA sale where it realized the then strong price of $1,320. The note has the very heavy accumulation of silk fibers that is associated primarily with this Friedberg number. The Dauers have used this piece to illustrate those fibers as well as for the illustration piece for the intricacy of the back design. They have also used this particular note to produce an enlargement of the vignette of John Smith presenting Pocahontas to Queen Elizabeth I. All in all, this very note is in seven illustrations on pages 84 and 85.
From The Dr. Edward & Joanne Dauer Collection

15273

Fr. 102 $10 1880 Legal Tender PMG Choice Uncirculated 63 EPQ. Photographed on page 86 of the Dauers' book, this Large Brown Seal Red Serial Number Jackass Ten has earned itself the coveted "Exceptional Paper Quality" comment. The 63 grade is no doubt a product of the very tight left face margin. Track & Price shows the census for this number to be an even 100 notes. We sold a PMG 64 in May for $3,200 and we would expect this note to do just about the same.
From The Dr. Edward & Joanne Dauer Collection

15274

Fr. 103 $10 1880 Legal Tender PMG Choice Uncirculated 63 EPQ. Less than 100 examples are known of this number with a relatively high percentage in rather nice grade. This piece is Superb save for the centering. The top face margin slopes down to the right and comes quite close to the frame line at the right end. But for that, the piece has every attribute a collector could hope for. It's photographed on page 86 of the Dauers' definitive book.
From The Dr. Edward & Joanne Dauer Collection

15275

Fr. 106 $10 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. This Large Red Spiked Seal Type is illustrated on page 87 of the Dauers' book - that illustration is not this note. This piece is a more recent acquisition and an upgrade of the example illustrated. The note has all the attributes of a perfect Gem save for the top margin, which comes a tad close at the left end. The colors are incredible and the original embossing of the paper is sufficiently deep for it to be easily seen through the third-party holder. Just less than a hundred examples of this note are known in all grades combined.
From The Dr. Edward & Joanne Dauer Collection

15276

Fr. 108 $10 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Under 100 examples of this Friedberg number are known. Fr. 108 is essentially a one-number type, as the only other Large Brown Seal Jackass Ten is the Fr. 109, which is a non-collectible note with only two examples known. Track & Price shows only a single PCGS 65 and no PMG examples above the 64 level in their auction records. PMG has graded four notes at this 64EPQ level, and only three are higher. This handsome and highly desirable type note is illustrated on page 87 of the Dauers' massive work.
From The Dr. Edward & Joanne Dauer Collection

15277

Fr. 113 $10 1880 Legal Tender PMG Gem Uncirculated 66 EPQ. PMG has only graded this and two other Fr. 113s at the 66EPQ level with none higher. Track & Price shows only a single PCGS 66 and no PMG pieces in their auction records. Fr. 113 is a rather common number with over 250 examples known, but very few of them are Gem at all, and even fewer, perhaps a half dozen or so, will ever grade 66 or higher. This piece is illustrated on page 87 of the Dauer reference work.
From The Dr. Edward & Joanne Dauer Collection

15278

Fr. 122 $10 1901 Legal Tender PMG Gem Uncirculated 66 EPQ. This Bison note was a relatively recent acquisition of the Dauers and served as an upgrade of the piece which appeared both sides on page 91 of their book. 66EPQ Fr. 122 Bison's in PMG holders are never going to be common. Only eleven have been graded to date, which is a number that we expect to increase only very slightly over the years since these are truly hard to find with the combination of margins, color and paper surfaces that the 66EPQ grade requires.
From The Dr. Edward & Joanne Dauer Collection

15279

Fr. 123 $10 1923 Legal Tender PMG Gem Uncirculated 65 EPQ. Most all Uncirculated examples of this note come from a few known runs including the final pack. This note, unusually, stands by itself; it is a random survivor in pristine condition. The margins are broad all the way around and the centering of both sides is excellent. The colors are also outstanding. Both sides of this note are pictured on page 93 of the Dauers' reference work, along with a brief biography of Andrew Jackson. The same portrait of Jackson that was utilized for this note remains in use today on our modern $20.
From The Dr. Edward & Joanne Dauer Collection

15280

Fr. 124 $20 1862 Legal Tender PMG Extremely Fine 40. The Dauers upgraded to this lovely First Obligation note after their 2003 book was printed, and consequently this handsome piece does not appear. It was acquired by the Dauers at the 2004 Memphis auction for slightly over $14,000 - a number that will very likely be eclipsed this evening.
From The Dr. Edward & Joanne Dauer Collection

15281

Fr. 126b $20 1863 Legal Tender PMG Choice About Unc 58 EPQ. This note comes from a run out of which the great majority of notes has been called Choice New in sales over the years. This example is very nicely margined, with strong ink color and terrific eye appeal. The reason for the 58 grade is not at all apparent through the holder, and we suspect the note merely has some handling or a soft body fold. This note bears the second obligation back and that back is photographed on page 96 of the Dauer book. Centering and minor individualistic paper characteristics definitively tie this note to that photograph.
From The Dr. Edward & Joanne Dauer Collection

15282

Fr. 127 $20 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. This lovely Rainbow Twenty falls just a drop short of the full Gem grade. It certainly appears to be a 66 or better when viewed from the broadly margined, explosively colored face. The back design is a tad high, which likely accounts for the rather conservative 64EPQ grade. This Type is considered by many collectors to be the most striking of the Rainbow series. The type is photographed both sides on page 97 of the Dauer reference. The Dauers have also used a blow-up of the back of this type to illustrate the intricate engraving, which repeats both the Arabic numeral 20 and the Roman XX over 100 times - partially as a design element and partially as an anti-counterfeiting device.
From The Dr. Edward & Joanne Dauer Collection

15283

Fr. 129 $20 1878 Legal Tender PMG Choice About Unc 58 EPQ. The margins and colors are the stand-out features of this Gem-appearing, About Uncirculated example. From the standpoint of eye appeal alone, this piece blows away the often seen Gems of this number. A light corner fold at the lower right which barely enters the design accounts for the grade, but this beautiful note should be valued far in excess of typical AU examples. It is pictured at the top of page 98 in the Dauers' 2003 reference work American History As Seen Through Currency.
From The Dr. Edward & Joanne Dauer Collection

15284

Fr. 132 $20 1880 Legal Tender PMG Choice Uncirculated 63. This is the highest grade Fr. 132 to have reached the market. CAA sold this note to the Dauers in our May 2000 sale where it realized $7,150. According to Track & Price, that still remains the record price for Fr. 132, simply because Uncirculated examples do not appear on the market. Of the 48 pieces listed in the census, only four are listed as Uncirculated - none has been on the market since 2000, and we would expect this handsome note, which is pictured on page 98 of the Dauer book, to enter into five-figures.
From The Dr. Edward & Joanne Dauer Collection

15285

Fr. 136 $20 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. This handsome Large Red Spiked Seal 1880 $20 Legal has earned PMG's "Exceptional Paper Quality" comment. The margins are not perfectly even, but they are certainly broad enough at all points to support the 64 grade. This note, which features a stately portrait of Alexander Hamilton, is pictured on page 99 of the Dauers' 400 page book.
From The Dr. Edward & Joanne Dauer Collection

15286

Fr. 137 $20 1880 Legal Tender PMG Very Fine 25. Fr. 137 is the slightly scarcer of the two Large Red Spiked Seal numbers. Dr. Dauer likely acquired this example first and then upgraded it with the lovely Fr. 136 in the previous lot. About 80 examples of this number are known, as compared to slightly over 100 for the Fr. 136. This note has excellent color, good margins, and it appears to be a bit nicer than the 25 grade it has been assigned.
From The Dr. Edward & Joanne Dauer Collection

15287

Fr. 140 $20 1880 Legal Tender PMG About Uncirculated 55. PMG has included the caveat, "Restoration" on the back of the 55 holder. We're not able to locate the restoration with certainty, but it appears as though there is a small split in the bottom margin to the right of center. The note is photographed on the top of page 100 in the Dauers' book.
From The Dr. Edward & Joanne Dauer Collection

15288

Fr. 146 $20 1880 Legal Tender PMG Extremely Fine 40. Around 40 examples of this number are known in all grades combined. This piece, in its PMG 40 holder, is safely in the top dozen examples. The top margin is a bit tight, but the note is bright, problem-free, and a handsome representative of this scarce number. The Dauers have illustrated this piece on page 100.
From The Dr. Edward & Joanne Dauer Collection

15289

Fr. 148 $50 1862 Legal Tender PMG Fine 12. An even two dozen examples are known of this rare Fifty. This is the earliest of the $50 Legals bearing the 1862 date and the First Obligation on the back. The note is illustrated both sides on page 104 of the Dauers' book. PMG has noted "Restoration, Splits" on the back of their holder, which is almost universally the case for this early type. As the Dauers mention in their book, "The paper used on this first issue of Legal Tender notes was very thin and did not hold up during the normal wear and tear of everyday use." This one has fared far better than most. We are unable to spot any meaningful repairs. There seems to be just a scattering of small edge splits that have been deftly closed. Fr. 148s are rarely on the market with only five pieces having been offered at auction in the past eight years. This example is far more handsome than the impression that comes to mind when the Fine 12 grade is mentioned. We sold an XF of this number last September for over $43,000, and a Fine sold just a few months later for over $30,000. We would expect this note to fall right in between.
From The Dr. Edward & Joanne Dauer Collection

15290

Fr. 150a $50 1863 Legal Tender PMG Very Fine 20. Fr. 150a is an extreme rarity with only seven examples known. This is the Second Obligation back with the 1863 date and both the American Bank Note Company and National Bank Note Company names at the top of the note above Hamilton's portrait. This piece is illustrated both sides on page 105 of the Dauers' book. It has also been used for a blow-up illustration of the Second Obligation back. PMG has noted "Closed Splits." Splits are almost universal on this early thin-paper type. The colors of the note are far brighter than one would expect for the grade, and the note has an overall lovely appearance. Track & Price lists only nine auction appearances for this Friedberg number, but when duplicates are removed, those nine appearances represent only three different notes going back to 1993. A PCGS 63 example realized $182,750 in 2005. While this evenly-circulated piece will certainly not approach that figure, it could easily get a quarter of the way there.
From The Dr. Edward & Joanne Dauer Collection

15291

Fr. 151 $50 1869 Legal Tender PMG About Uncirculated 50. Sixty-two examples are known of this Rainbow Fifty - only three of which are graded higher than this handsome AU. PMG has not graded any Rainbow $50s above the AU level, and only three pieces at that level. This one is unsurpassed for eye appeal. The margins are broad and quite even, the back centering is perfect and the colors are bright and bold. The Dauers have used this note as their illustration for the type and photographed both sides on page 107. The portrait at the lower right of the note is that of Henry Clay. Clay was the thrice unsuccessful perennial presidential candidate between 1824 and 1844. He had also served as Secretary of State under John Quincy Adams in the late 1820s. The record auction price for a Friedberg 151 is $184,000 which we set in our Taylor Family Sale in February of 2005. This piece lacks the technical grade of that example, but it certainly is comparable in appearance - if not a touch nicer. We would not be at all surprised to see this spectacular-looking piece approach the six-figure mark.
From The Dr. Edward & Joanne Dauer Collection

15292

Fr. 152 $50 1874 Legal Tender PMG Gem Uncirculated 65 EPQ. Only 43 examples of this number are known, none of which is superior to this piece. The Dauers have used this wonderful note as their illustration piece for the 1874 Fifty Dollar type in their book. It is illustrated on both sides, along with three detailed close-ups, on page 112 of their definitive currency history reference. The note has bold red color, broad margins, excellent centering of both sides and tremendous eye appeal. It is only when great collections such as this reach the market that notes with this combination of rarity and quality become available. This single PMG 65EPQ is the only example graded by PMG above the AU level. Track & Price shows four examples that have been graded Uncirculated. The highest third-party piece other than this was a PCGS 64 which realized $103,500 last October. This note stands alone as the finest graded, and it will likely break the previous price mark for this number. A museum-quality piece that deserves a place in the very finest of collections.
From The Dr. Edward & Joanne Dauer Collection

15293

Fr. 155 $50 1880 Legal Tender PMG Extremely Fine 40. An extreme rarity and one of only nine examples known for this number. This is the only piece that PMG has graded. PCGS has graded an AU, which we sold for $46,000 at this same venue last September. This note has been used by the Dauers to illustrate the type at the top of page 114 of their book. As the note is identical in appearance to the far-more-common Fr. 161, the price of this extremely rare piece is held down a bit. Were it a distinct design type, a note with nine known examples would be a solid six-figure item. As this is a signature variety, the result will stay well clear of the six-figure mark, but this handsome extreme rarity should easily realize...
From The Dr. Edward & Joanne Dauer Collection

15294

Fr. 157 $50 1880 Legal Tender PMG Very Good 10. PMG has noted "Restoration" on their holder, but it is a minor restoration and barely visible. The appearance of this piece is well above that of the NET 10 grade that has been assigned to it. When the Dauers acquired this piece from the May 1996 CAA sale, it realized just a shade under $5,000. The Dauers have used this piece to illustrate the type on page 114 of their book. PMG has graded only two examples - both well circulated. PCGS has graded a single 25, which realized $17,825 in February 2007. With only eleven examples known, we would expect this piece to come relatively close to that realization.
From The Dr. Edward & Joanne Dauer Collection

15295

Fr. 160 $50 1880 Legal Tender PMG Choice Extremely Fine 45 EPQ. Only sixteen examples of this Friedberg number are listed in the census. PMG has graded five examples, with this 45EPQ being tied with one other for the finest of them. That other PMG 45 holds the record auction price for this Friedberg number. We sold it in April of 2006 for $46,000. The Dauers have used this note as the illustration of its type on page 114 of their fine book. With its high XF grade and coveted EPQ qualifier, we fully expect this note to bring a new record price for this number.
From The Dr. Edward & Joanne Dauer Collection

15296

Fr. 161 $50 1880 Legal Tender PMG Choice Uncirculated 64. Fr. 161 is the basic "Type Note" of the Large Seal Fifty Dollar Legals. There is a fairly long run of nice Uncirculated notes that have supplied generations of collectors with bright, broad-margined, handsome type notes. This note is from that run. PMG has noted on the holder that prior to being the Dauer example, this piece had been in the collection of Amon Carter. Though not the note pictured, it is illustrated on page 115 of the Dauer reference book.
From The Dr. Edward & Joanne Dauer Collection

15297

Fr. 164 $50 1880 Legal Tender PMG Choice Extremely Fine 45. The census for Fr. 164 is a bit of an anomaly. Very nearly 200 notes are known, but there are scant few Uncirculated pieces. PMG has not graded a single example over the 55 grade - in fact, they have graded only three pieces above this 45 level. We don't have PCGS's numbers, but Track & Price shows no PCGS Fr. 164 above the 40 level. Even when the often optimistically-graded raw notes are considered, only five 164s have been called Uncirculated. Our point here is that this 45 is a lot of grade for this number. The note is beautifully well margined with back centering that is fully the equal of the nicely centered face. This note is used to illustrate its type on page 115 of the Dauers' book.
From The Dr. Edward & Joanne Dauer Collection

15298

Fr. 165 $100 1862 Legal Tender PMG Very Fine 25. Thirteen examples of this note are known, and to date, this is the highest example graded by either service. A PCGS 12 realized $27,600 in October 2005. This is the only example of this number that PMG has graded. The 25 grade is a Net grade that has been lowered due to "Corner and Margin Repair." None of the repairs appears significant, and they are typical for all denominations of these early Legal issues since the very thin paper had a tendency to chip and split at its edges. According to the Dauers' book, the appearance of the American eagle on this note was its first use on Federal currency. Both sides of this note are illustrated on page 116. The $27,000 price realized by the PCGS 12 in 2005 is the record for a Fr. 165. That should be very easily eclipsed when the hammer falls tonight on this handsome example.
From The Dr. Edward & Joanne Dauer Collection

15299

Fr. 167a $100 1863 Legal Tender PMG Very Fine 30. PMG has NET 30'ed this stately Spread Eagle Hundred due to a number of well executed repairs in the blank margin areas. The repairs affect almost entirely blank paper, and the internal portions of the note grade fully XF in our opinion. Only 22 examples of this number are known, with the price record having been set by a PCGS 65 at $184,000. The Dauers have photographed both sides of this note on page 117 of their book, and they have also enlarged the central portion of the back to show the Second Obligation of this type. PMG has graded only two examples: an AU and this NET 30. This is one of the better looking examples of a Spread Eagle Hundred that we have handled, and, with its lovely appearance, the price could well surprise.
From The Dr. Edward & Joanne Dauer Collection

15300

Fr. 168 $100 1869 Legal Tender PMG Extremely Fine 40 EPQ. Only 26 examples are known of this Rainbow Hundred. Five examples are listed as grading higher than this piece by Track & Price, but only one of them has been third-party graded. The price record for the number is held by that one example - a PCGS 66 which realized over $212,000 in October 2005. PMG has graded only two Fr. 168s - this 40EPQ and a Fine 15. The Dauers have illustrated this type on page 118 of their book, using another note just four digits removed from this piece. This Rainbow Hundred is considered to be the highest collectible denomination of the Rainbow series, as both the $500 and $1000 are prohibitively rare - each is represented by only a single example in collector's hands. This Rainbow Hundred has wonderful color, broad margins, and ideal paper quality as attested to by the PMG EPQ designation. While a few higher-grade pieces certainly exist, this piece is right up there with the best of them when it comes to eye appeal. The previous record for an XF is $57,750 set way back in our January 2000 sale. We would certainly expect this beauty to sail far past that seven year old price.
From The Dr. Edward & Joanne Dauer Collection

15301

Fr. 169 $100 1875 Legal Tender PMG Choice Fine 15. Only thirteen examples are known of this number in all grades combined. The price record is held by a PCGS 35, which we sold last September for just over $47,000. This piece has been NET graded 15 for a number of minor flaws, which are enumerated on the holder. None of the flaws is particularly distracting, and the note has the visual appearance of a solid VF. The Dauers have used illustrations of both sides of this note on page 119 of their excellent currency history book. While this piece will not challenge the record price for this number, it should certainly realize a solid...
From The Dr. Edward & Joanne Dauer Collection

15302

Fr. 173 $100 1880 Legal Tender PMG Choice Fine 15. The Dauers have used this Large Brown Seal Blue Serial Number Hundred as the illustration for this type on page 118 of their fine book. The most recent sale of this type was a PMG 12 that sold in March of this year for a bit over $30,000. This NET 15 (which has the full appearance of a 20) was down graded by PMG due to its "Margin Tear & Minor Restoration." No high grade examples of this number are known to us, with only two pieces having been called VF over the years. Nothing higher is out there to our knowledge. This example, which could easily be the finest of its number available for years to come, should certainly realize...
From The Dr. Edward & Joanne Dauer Collection

15303

Fr. 174 $100 1880 Legal Tender PMG Choice Fine 15. PMG has NET graded this rare note for "Repairs". There are some restorations at the corners, and a few edge nicks and splits that have been nicely repaired. Only seventeen examples are known, and this is the only example graded by PMG to this date. The note has a much nicer appearance than the NET 15 grade would imply. The Dauers have used it as the illustration example on page 121 of their book.
From The Dr. Edward & Joanne Dauer Collection

15304

Fr. 179 $100 1880 Legal Tender PMG About Uncirculated 55. Only a single Uncirculated example is known of this Friedberg number, a CGA 65, which we sold in September 2006 for $86,250. This PMG 55 is likely the second finest known. PMG has graded only three examples to date - two heavily circulated notes, and this lone 55. The note is illustrated both sides on page 120 of the Dauers' encyclopedic work. They have also used this very piece to illustrate the anti-counterfeiting warning as well as to show a blow-up of the intricacy of the central back device. This Small Red Seal Type is the final design change of the 1880 Hundreds. It is an extremely handsome piece that could easily pass for fully Uncirculated with its bright ink colors and clean paper. A highly significant type note that could easily reach...
From The Dr. Edward & Joanne Dauer Collection

15305

Fr. 185l $500 1880 Legal Tender PMG Choice Very Fine 35. Unique in collector's hands, this is one of just five Bruce-Roberts signed $500 Legals to exist. Of the other four, three are in the collections of Federal Reserve Banks, and one resides permanently in the Smithsonian Institution. This piece was originally Lot 179 from the Barney Bluestone November 1944 sale of the Grinnell collection. After that, it was owned by Robert Friedberg, and then Amon Carter. The Dauers acquired the note from the November 1985 Hickman & Oakes sale. This piece is illustrated both sides on page 133 of the Dauers' book, along with a brief biography of General Mansfield, who was killed at the battle of Antietam on September 17, 1862. PMG has noted, "Splits" on their holder, but the splits are wholly within the margins and very minimal. The eye appeal of the note is excellent, the margins are broad, and the colors are bright and pleasing. No collector has had the opportunity to acquire a Fr. 185l in the past 22 years, and, until tonight's buyer decides to sell, no one else will be afforded the opportunity.
From The Dr. Edward & Joanne Dauer Collection

15306

Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25. Certainly the key piece in this offering of Legal Tenders, and one of the key pieces in all of Federal currency. The Dauers have illustrated both sides of this note on page 142 of their American History As Seen Through Currency. Along with the photos comes the following caption: "All the $5,000 and $10,000 Legal Tender notes of 1878 have been redeemed and destroyed by the Treasury Department. The note above is a specimen furnished to the Chinese Government. Proof or specimen notes are usually either printed on cardboard or have a blank reverse. This note is printed on both sides and on legitimate currency paper. It is thus highly desired by collectors and it is the only surviving example of this design."
All of the above is wholly correct, but there is considerably more to tell. This note has only three minor differences from the regular issue: three stars fill each serial number box, each signature has three small cancels, and the Chinese Government presentation is overprinted between the signatures. Save for that, it is a totally legitimate piece of currency. It is also the only $5,000 Large Size note of any issue or design that is available to the collecting public. To our knowledge, there are no other Large Size notes of any denomination in this category. The note is more akin to a sample than a specimen. Whatever category you place this note in, it is an irreplaceable part of US currency history and the key to assembling a complete set of U.S. currency by Friedberg number.
From The Dr. Edward & Joanne Dauer Collection

15307

Fr. 165 Hessler 1120 $100 1862 Legal Tender Face Proof PMG Choice Uncirculated 63, PC.
Fr. 165-165a Hessler 1121 $100 1862 Legal Tender Back Proof PMG Choice Uncirculated 64 EPQ. From our 2006 FUN Signature Auction where the descriptions read, "This plate letter B face proof sports serial number 00000 in red ink. Hessler only mentions a plate C note with this format for this design. The example presented here is printed on light card stock with six punch cancels through the printed signatures of Chittenden and Spinner. Handling signs include a corner tip fold and a light moisture spot on the back of this proof. This is a great historical item, destined to enter another great proof collection." The second description read, "This back proof was printed on India paper and mounted on light card stock. It doesn't exhibit any folds or creases, but a hint of adhesive is detected between the proof and backing." PMG has graded both fascinating items quite close to our original grades.

15308

Fr. 1 $5 1861 Demand Note Fine. There are a few minor edge splits, but no paper loss at the edges of this moderately circulated Demand Note. It is well margined, which is unusual for these, and the ink colors remain strong, as do both signatures.

15309

Fr. 1 $5 1861 Demand Note Good-Very Good. The signatures are strong despite the staining that has affected the left side of the note. Mostly complete save for some roughness along the top margin at center.

15310

Fr. 8 $10 1861 Demand Note Very Good. Previously sold in our FUN 2006 auction where it was cataloged, "There are a few tiny pinholes and the margins are close, but this well-circulated Ten Dollar Demand Note exhibits no other defects. The hand signatures remain strong and the note has kept the majority of its color and clarity on both sides."

15311

Fr. 16 $1 1862 Legal Tender CGA Gem Uncirculated 65. Original paper waves are easily seen in the holder. A touch of handling is also noted.

15312

Fr. 16 $1 1862 Legal Tender PMG Choice Uncirculated 64 EPQ. Here is yet another screaming original note from this phenomenal collection. Plenty of embossing remains though the frame line is cut-into along the top margin at left.
From The John Ameen Collection

15313

Fr. 16 $1 1862 Legal Tender PMG Choice Uncirculated 63. The margins are Gem in size, though a lone corner tip fold is noted. The overprint is especially bright for the issue, as is the paper.

15314

Fr. 16 $1 1862 Legal Tender PMG Uncirculated 62. An internal tear has been reported by PMG that is barely visible in the round ornate "1" design. A tight upper margin does little to distract form this nicely inked Chase ace.

15315

Fr. 16 $1 1862 Legal Tender PMG Choice About Unc 58 EPQ. The colors can't get much brighter on this nicely margined problem free example with a corner fold.
From The Warren Marshall Collection

15316

Fr. 16 $1 1862 Legal Tender PMG Extremely Fine 40 EPQ. Pleasing three digit serial number 966 graces this original, deeply inked ace.

15317

Fr. 16 $1 1862 Legal Tender Very Fine. This attractive piece boasts bright paper and is problem-free.
From The Walla Walla Collection

15318

Fr. 17a $1 1862 Legal Tender CGA Choice Uncirculated 64. Pleasingly original surfaces are noted in the holder. There is a lone pinhole to report, but it does not affect the overall appeal of this Ace.

15319

Fr. 17a $1 1862 Legal Tender PMG Choice Uncirculated 63 EPQ. This Friedberg number is emerging as a hidden rarity in any grade above AU. PMG has graded only one quarter as many Fr. 17a's as Fr. 16's, with almost all being low to mid grade circulated pieces. To date only this one note has been been awarded the Choice Uncirculated 63 EPQ designation, with only two examples graded higher. This piece is bright, fully original, and would be Gem save for its somewhat tight top margin. If rarity is any guide, this note may certainly surprise this evening.

15320

Fr. 17a $1 1862 Legal Tender PMG Choice About Unc 58 EPQ. PMG has awarded only four Fr. 17a notes the Choice About Uncirculated 58 EPQ grade, and we have two of that number in this sale tonight. Only five examples of this number have been graded higher, giving collectors some idea of the true scarcity of these notes in high grade. This is a lovely example which is just a bit of handling away from an even higher grade.

15321

Fr. 17a $1 1862 Legal Tender PMG Choice About Unc 58 EPQ. A second example in a PMG Choice About Uncirculated 58 holder, this just four numbers from the previous lot. The colors are bright and this piece, too, is just a whisper of handling from the fully new designation.

15322

Fr. 17a $1 1862 Legal Tender PCGS Choice About New 58PPQ. This attractive note completely avoided circulation. One corner is a little rounded, accounting for the grade.
From The John Ameen Collection

15323

Fr. 17a $1 1862 Legal Tender PMG About Uncirculated 55. A couple of corner folds and a somewhat faded seal most likely contributed to the assigned grade. Bright and fresh otherwise, exhibiting a bit of a miscut.
From The Warren Marshall Collection

15324

Fr. 17a $1 1862 Legal Tender PMG About Uncirculated 53 EPQ. A colorful, lovely ace that has suffered from a couple corner folds.

15325

Fr. 17a $1 1862 Legal Tender About New. There is a tiny missing corner-tip at the lower left, but it is wholly outside the design. A handsome AU with bright colors and good paper originality.

15326

Fr. 17a $1 1862 Legal Tender PMG Extremely Fine 40. This bright and original note shows three folds in the usual areas and a limited amount of handling. Overall, the appearance is above average with no soiling of the note.

15327

Fr. 17a $1 1862 Legal Tender PMG Very Fine 20 Net. PMG incorrectly attributes this note as a Fr. 17, when it is in fact a 17a with the ABNCo. monogram on the right hand of the note. This variety carries both the NBNCo and ABNCo titles along the bottom of the note.

15328

Fr. 17a $1 1862 Legal Tender Fine-Very Fine. This wholly original note is problem-free save for a couple of mounting remnants on back.

15329

Fr. 18 $1 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. Loads of color and no problems at all are visible through the third-party holder. The 64 grade is very likely the result of the somewhat tight lower left face margin, as everything else about this piece appears to be pure Gem.
From The John Ameen Collection

15330

Fr. 18 $1 1869 Legal Tender About New. This Rainbow boasts an extremely deep swath of blue as well as bountiful margins. A slight corner fold and some inconsequential handling prohibit this original note from receiving a much higher grade. A pinhole is seen in the portrait area.

15331

Fr. 18 $1 1869 Legal Tender PMG Very Fine 25. This Rainbow certainly has the appearance and eye appeal of a higher grade note.

15332

Fr. 18 $1 1869 Legal Tender PCGS Very Fine 25. The paper is free of problems and retains much of its original color.

15333

Fr. 18 $1 1869 Legal Tender Very Fine. This is a fully margined, wholly original, and problem-free example.
From The Warren Marshall Collection

15334

Fr. 18 $1 1869 Legal Tender Mismatched Serial Numbers PCGS Fine 15. Appearing in last year's Long Beach sale, where it was described, "An incredible new discovery bringing the total of large size notes with mismatched serial numbers to just eleven pieces, with this being the only known example of any Rainbow Series note in that group. This is a two digit mismatch, with the serial on the left reading Z9203467 and the serial on the right reading Z9203471. It is one of only four large size notes known of any kind with two or more digits mismatched. This specimen was recently discovered in the possession of an upstate New York collector, who has had it in his collection for over three decades, but never sought to publicize his long ago discovery. While price comparisons are obviously inexact for a note of this rarity, the only large size National with a mismatched serial number realized well over $30,000 when auctioned several years ago. In a stronger and more sophisticated market for truly rare items, expect this attractive and unique Rainbow Ace to likely surpass that record."

15335

Fr. 19 $1 1874 Legal Tender CGA Choice Uncirculated 64. This near-Gem has been off the market since 2000. It comes from a run of known CU's. The overprint is deeply printed and the margins sufficient for a full Gem grade.

15336

Fr. 19 $1 1874 Legal Tender PMG Extremely Fine 40. The red overprints are quite vibrant on this early ace.
From The John Ameen Collection

15337

Fr. 20 $1 1875 Legal Tender PMG Choice Uncirculated 63 EPQ. A partial plate number is noted in the sizeable top margin. The paper is most pleasing and original.

15338

Fr. 20 $1 1875 Legal Tender PCGS Choice About New 58. Wonderful color is noticed on this nicely margined note.

15339

Fr. 20 $1 1875 Legal Tender PMG About Uncirculated 55 EPQ. Well printed and with terrific color. A hard, broad corner-fold seems to have accounted for the grade.

15340

Fr. 26 $1 1875 Legal Tender PMG Superb Gem Unc 67 EPQ. PMG has graded only this Fr. 26 at the 67 EPQ level with only one note higher. This is a relatively common number in high grade, and PMG has graded over 30 examples between 64 and 66. At the 67 level, 1875 Aces are now and will remain very rare items. There is no need to mention the individual positive attributes of this beauty. Every nice thing that could be said about the type applies to this piece.

15341

Fr. 26 $1 1875 Legal Tender PMG Gem Uncirculated 66 EPQ. Fresh, original paper complements the perfectly even margins and bold overprint. A partial plate number is noted in the lower margin.

15342

Fr. 26 $1 1875 Legal Tender PMG Gem Uncirculated 66 EPQ. Bold, white paper is a perfect palette for the bright red overprint on this Legal Ace. The margins are broad and nearly perfectly even.

15343

Fr. 26 $1 1875 Legal Tender PCGS Choice New 63PPQ. A touch of handling may be the only grade limiting factor on this wholly original and deeply printed issue.

15344

Fr. 26 $1 1875 Legal Tender PMG Choice Uncirculated 63 EPQ. A tight margin along the bottom accounts for the grade on this otherwise pleasing and original ace.
From The John Ameen Collection

15345

Fr. 26 $1 1875 Legal Tender PMG Choice About Unc 58 EPQ. The back is nicely centered while the face is a bit skewed on this deeply inked example.
From The Warren Marshall Collection

15346

Fr. 26 $1 1875 Legal Tender Choice About New. Some light handing is noted, but does not detract from this wholly original issue. There is a lone corner tip fold that catches part of the design which accounts for the grade.

15347

Fr. 27 $1 1878 Legal Tender PMG Choice Uncirculated 64. Bold embossing and a richly colored overprint add to the overall eye appeal of this decently margined example.
From The John Ameen Collection

15348

Fr. 28 $1 1880 Legal Tender CGA Gem Uncirculated 66. This note's first and last appearance in public was in 1995 as part of a fixed price list. The chocolate brown seal is appealing and adds to the overall eye appeal of this Gem.

15349

Fr. 28 $1 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Fr. 28 is the scarcest (by a small margin) number of this three-number Large Brown seal type. Fr. 30 is the most common of the group with a census of over 400 pieces. Fr. 28s have a small edge over 29s as the scarcest of the three signature combinations. This is a particularly nice example, with excellent paper surfaces, good color, and margins that support the 65 EPQ grade.
From The John Ameen Collection

15350

Fr. 28 $1 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. The details of the big brown seal are bold and perfectly executed. On the back, its embossing is plain as day and blends nicely into the original paper waves.

15351

Fr. 29 $1 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Seal embossing is readily apparent on this wonderfully inked ace with deep color.

15352

Fr. 29 $1 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Gem-worthy margins are noted on this well embossed near-Gem.
From The John Ameen Collection

15353

Fr. 29 $1 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Bold embossing is noted on the back. The face, though centered a touch high, is finely printed with deep, cherry red serial numbers and a richly colored brown seal.

15354

Fr. 29 $1 1880 Legal Tender About New. A well hidden center fold shows itself after much searching. The design elements are quite bright.

15355

Fr. 30 $1 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Broad margins complement the wonderful color this deeply inked note possesses. Sure to impress, so expect a hammer price in the range of...

15356

Fr. 30 $1 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Certainly a common enough note, but a bit of a challenge to find when a truly high-end example is sought. This one has broad margins, perfect color, and readily apparent original embossing.
From The John Ameen Collection

15357

Fr. 30 $1 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Strictly original, with deep embossing and good ink color. The paper is very lightly mellowed, and the margins just don't quite support the Gem grade.

15358

Fr. 30 $1 1880 Legal Tender PMG Choice Uncirculated 63 EPQ. Plenty of embossing is visible on this vibrant example that would have benefited from a touch better centering.

15359

Fr. 30 $1 1880 Legal Tender PMG Choice Uncirculated 63 EPQ. Great color is noticed on this strongly embossed note.

15360

Fr. 30 $1 1880 Legal Tender PCGS Extremely Fine 40. The seal is bold as are the deep red serial numbers.

15361

Fr. 34 $1 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Excellent back centering is noticed on this gorgeous, original note that is sure to please.

15362

Fr. 34 $1 1880 Legal Tender PMG Choice Uncirculated 64. Well centered and nicely margined, easily deserving the Choice Uncirculated grade.

15363

Fr. 35 $1 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. A lovely example of this always popular type, with good paper originality, bright colors and excellent margins. No longer seen with regularity in this grade, as many are tightly held.

15364

Fr. 35 $1 1880 Legal Tender PMG About Uncirculated 55. This small red seal, blue numbered Legal Tender ace is a lone centerfold from a full uncirculated grade.

15365

Fr. 35 $1 1880 Legal Tender PCGS Extremely Fine 45PPQ. Bright original paper is unhindered by the few visible light bends.

15366

Fr. 35 $1 1880 Legal Tender PMG Extremely Fine 40 EPQ. Bright color remains on this well margined mid-grade example.
From The John Ameen Collection

15367

Fr. 36 $1 1917 Legal Tender PMG Gem Uncirculated 66 EPQ. The double-digit A55A serial number adds both to the value and appearance of this original Gem 1917 Ace.
From The John Ameen Collection

15368

Fr. 36 $1 1917 Legal Tender PMG Gem Uncirculated 66 EPQ. As common as this number is, not a whole lot of pieces will ever reach this level. To date, PMG has graded 219 Fr. 36s. Of those, thirty-eight have been 65s with only nine 66s. This note, as would be expected for the grade, has super margins, exemplary color, and great paper originality.
From The Drew Keough Collection

15369

Fr. 36 $1 1917 Legal Tender Star PMG Gem Uncirculated 65 EPQ. This is not a rare star in most grades, but it certainly is in this state of preservation. The number of Fr. 36 stars graded in 65 EPQ or better is just about a handful. Expect to be surprised here by the time the hammer falls on this lot.

15370

Fr. 36 $1 1917 Legal Tender PCGS Very Choice New 64PPQ. Even margins sufficient for a Gem grade frame this well embossed issue.
From The Walla Walla Collection

15371

Fr. 36 $1 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. A wholly original note that shows a bit of tightness at upper left.

15372

Fr. 36 $1 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. A touch of staining in the margin that affects nothing is noticed on this wholly original USN.

15373

Fr. 36 $1 1917 Legal Tender Cut Sheet of Four Notes CGA About Uncirculated 55.
All four of these lightly handled notes with original paper wave have the same grade.

15374

Fr. 37 $1 1917 Legal Tender CGA Gem Uncirculated 66. Wonderful margins are noticed on this well inked example.

15375

Fr. 37 $1 1917 Legal Tender PMG Gem Uncirculated 65 EPQ. Nice back centering is noticed on this strongly embossed ace.

15376

A Cut Sheet Fr. 37 $1 1917 Legal Tender Notes. The margins vary only slightly from note to note, resulting in the following grades in plate position order, CGA Gem Uncirculated 65, CGA Choice Uncirculated 64, CGA Gem Uncirculated 65, and CGA Gem Uncirculated 66.

15377

Fr. 37 $1 1917 Legal Tender CGA Gem Uncirculated 65. Sufficient and even margins frame this bright issue.

15378

Fr. 37 $1 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. A thin margin along the bottom accounts for this grade on this very well embossed piece.
From The John Ameen Collection

15379

Fr. 37 $1 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. With a touch better centering this bright example would be a gem.

15381

Fr. 37 $1 1917 Legal Tender PMG Choice Uncirculated 64. A nicely margined and colorful example of the ever popular Sawhorse design which has decent eye appeal.

15382

Fr. 37 $1 1917 Legal Tender PMG Choice Uncirculated 64. Bright paper and pleasing margins complement the deeply printed design details.

15383

Fr. 37 $1 1917 Legal Tender PMG Choice Uncirculated 64. A nicer example with better margins than are seen for the grade.

15384

Fr. 37 $1 1917 Legal Tender PCGS Choice About New 58. This note was courtesy autographed by Elliott with his title, Register of the Treasury below. Adding to the appeal of this note is the low, two digit serial number H28A.

15385

Fr. 37a $1 1917 Legal Tender PMG Gem Uncirculated 65 EPQ. As nice an example of this transposed-signature variety as we have ever handled. Fewer than 100 are known, as compared to over 700 Fr. 37's. The last example sold by us in this grade realized $3450.
From The John Ameen Collection

15386

Fr. 37a $1 1917 Legal Tender PMG Choice Extremely Fine 45. The last Extremely Fine third-party graded example of this error we auctioned realized a hair over $1,100. This is an eye-appealing piece with solid paper.
From The Warren Marshall Collection

15387

Fr. 38 $1 1917 Mule Legal Tender CGA Gem Uncirculated 66. A pleasing piece with a bold overprint. A lone pinhole is noted, but is only visible when the note is candled.

15388

Fr. 38 $1 1917 Mule Legal Tender PMG Choice Uncirculated 64 EPQ. Friedberg 38s are about six times scarcer than Friedberg 39s. Also, about half of the Fr. 38s are Mules with the back plate number located at bottom center of the left open field.

15389

Fr. 38 $1 1917 Mule Legal Tender PCGS Very Choice New 64PPQ. Most pleasing and original paper waves are noted on this near-Gem.

15390

Fr. 38 $1 1917 Mule Legal Tender PMG Choice Uncirculated 64 EPQ. John Burke Back Plate 2030 is carried by this pleasing original note.
From The John Ameen Collection

15391

Fr. 38 $1 1917 Mule Legal Tender PMG Choice Uncirculated 64 EPQ. John Burke Back Plate 2005 is noticed on the back of this nicely margined Legal.

15392

Fr. 38 $1 1917 Mule Legal Tender Star Note Very Fine. A couple of intersecting folds resulted in a lone pinhole. The overprint remains bright red and the paper is wholly original.

15393

Fr. 39 $1 1917 Mule Legal Tender PMG Gem Uncirculated 65 EPQ. Double digit repeating serial number R44A is seen on this gorgeous gem that offers cavernous embossing.
From The John Ameen Collection

15394

Fr. 39 $1 1917 Legal Tender PMG Gem Uncirculated 65 EPQ. Sufficient margins and bright paper are noted on this Gem. The seal and overprint remain bright, and cherry red in color.

15395

Fr. 39 $1 1917 Mule Legal Tender PMG Choice Uncirculated 64 EPQ. Vivid color graces this example carrying John Burke Back Plate 1865. It's so close to Gem, but for the lack of decent back centering.
From The John Ameen Collection

15396

Fr. 39 $1 1917 Legal Tender PMG Choice Uncirculated 63 EPQ. A bit tight across the top, but lovely in every other way.

15397

Fr. 39 $1 1917 Legal Tender PMG Choice Uncirculated 63 EPQ. A touch of tightness along the margin at bottom right accounts for the grade on this bright note.

15398

Fr. 39 $1 1917 Legal Tender Consecutive Pair PMG Choice About Unc 58. Both of the notes have fresh, bright color. The reason for the AU grade is not apparent through the holders, but we are confident that these two bright notes share a center fold.

15399

Fr. 40 $1 1923 Legal Tender PMG Gem Uncirculated 66 EPQ. Nice even margins and vibrant inks highlight this one year type issue in a desirable grade.

15400

Fr. 40 $1 1923 Legal Tender PCGS Gem New 66PPQ. A handsome example with the margins and color that one would expect from a high end Gem.
From The Drew Keough Collection

15401

Fr. 40 $1 1923 Legal Tender PMG Gem Uncirculated 65 EPQ. The natural paper surfaces of this EPQ Ace are seen through the third-party holder.

15402

Fr. 40 $1 1923 Legal Tender PMG Gem Uncirculated 65 EPQ. A three-digit serial number adds both value and eye appeal to this fully Gem, bright, and well embossed twentieth-century Large Size Ace.

15403

Fr. 40 $1 1923 Legal Tender PMG Gem Uncirculated 65 EPQ. Three digit serial number A134B graces this lively Red Seal that is generously margined and well centered.

15404

Fr. 40 $1 1923 Legal Tender CGA Gem Uncirculated 65. Slightly tight along the bottom, but with good color.

15405

Fr. 40 $1 1923 Legal Tender PMG Choice Uncirculated 64 EPQ. Fresh paper waves are visible through the third-party holder. Three sides boast broad margins, while the fourth is still perfectly sufficient for the grade.
From The John Ameen Collection

15406

A Cut Sheet of Fr. 40 $1 1923 Legal Tender Notes Very Choice New. This attractive cut sheet boasts fully original paper surfaces and deep embossing. The only difference in quality is margin size, with two notes very close to the full Gem grade. In 1970, our consignor paid his New Jersey neighbor George Wait $175 for this sheet and the lot includes the original registered envelope it arrived in.
From The John Ameen Collection

15407

Fr. 40 $1 1923 Legal Tender PMG Choice Uncirculated 63 EPQ. The embossing of the overprint is razor sharp with nearly every detail of the design showing through on the back of the note.
From The Warren Marshall Collection

15408

Fr. 40 $1 1923 Legal Tender CGA Choice Uncirculated 63. This bright Legal Ace with a bold cherry red overprint is restricted from the Gem grade by a mere tight bottom margin.

15409

Fr. 40 $1 1923 Legal Tender PMG Choice About Unc 58 EPQ. Beautifully margined with all the attributes of a Gem save for a single broad corner-fold at the lower right.

15410

Fr. 40 $1 1923 Legal Tender Star Note PMG Choice Fine 15. With the new Murray large size star book out expect upward price pressure on many early replacements. A few pinholes and even circulation are noted.

15411

Fr. 41 $2 1862 Legal Tender PMG Choice About Unc 58 EPQ. Certainly a fresh deuce which should finish closer to a realization for a New note, as a center fold is all that affects the surface. Off the market for many years and unreported until now, expect this vibrant example to hammer in the area of...
From The Warren Marshall Collection

15412

Fr. 41 $2 1862 Legal Tender PMG About Uncirculated 55. We offer another pleasingly original piece which was hidden away for many years. The cause for the grade is difficult to detect, but we are confident that there is a fold present that accounts for it.
From The John Ameen Collection

15413

Fr. 41 $2 1862 Legal Tender PMG About Uncirculated 55 Net. PMG has net graded this colorful early deuce and commented "Tape" on the back. While we have no doubt that the tape is present, it must be small and hard to see...we don't see it, and the note sure looks nice to us.
From The Warren Marshall Collection

15414

Fr. 41 $2 1862 Legal Tender Courtesy Autograph Extremely Fine. AU Wyman has signed the note vertically to the right of the Hamilton portrait on three lines "AU Wyman Treas of US--1876--1883-1885." The note is a decent XF, but it has a number of margin splits and a longer tear at the top center. There is also a bit of ink erosion in the "1885" date of the courtesy autograph.

15415

Fr. 41 $2 1862 Legal Tender Extremely Fine. Bright surfaces provide plenty of eye appeal despite the repaired splits on the back which detract a bit.

15416

Fr. 41 $2 1862 Legal Tender CGA Extremely Fine 40. A few folds and some light handling are noted on this well embossed issue.

15417

Fr. 41 $2 1862 Legal Tender PMG Very Fine 25. A few pinholes are present in this boldly colored deuce.

15418

Fr. 41 $2 1862 Legal Tender CGA Very Good-Fine 10. Some restoration has taken place on this note as mentioned in the holder.

15419

Fr. 41a $2 1862 Legal Tender PMG Gem Uncirculated 66 EPQ. A gorgeous note which is one of only two notes of its type (not just this Friedberg number) to receive PMG's Gem Uncirculated 66 EPQ grade, with none of this type graded higher. We sold this piece in our January, 2007 sale, where, in a much less sophisticated market, it realized over $29,000. Now, with its rarity firmly established, look for it to eclipse that figure this evening.

15420

Fr. 41a $2 1862 Legal Tender PMG About Uncirculated 55. A boldly printed example of one of this country's earlier design types. The paper remains bright and the inks are very deep.
From The Warren Marshall Collection

15421

Fr. 41a $2 1862 Legal Tender PMG Choice Very Fine 35 EPQ. A bright, attractive early Two in a most desirable collector grade offering plenty of eye appeal.
From The Warren Marshall Collection

15422

Fr. 41a $2 1862 Legal Tender Very Good. A large number of small pinholes are scattered throughout this early Deuce. It is well worn and has some minor edge problems, but there are no pieces missing or truly distracting flaws.

15423

Fr. 42 $2 1869 Legal Tender PMG Gem Uncirculated 66 EPQ. To date, PMG has graded only this Rainbow Deuce at the 66 EPQ level with none higher. Track & Price shows two auction records for PCGS 66 Fr. 42s. One note realized $25,300 and the other $27,600. This note is certainly one of the very finest examples of its type that we have seen--we can think of only one superior piece. As with most of Mr. Ameen's notes, this one has no prior auction record. One example, four digits away from this piece, had an auction appearance in the early 1990s. The colors are as bright as any Rainbow Deuce we have seen, and the margins more than support the 66 grade.
From The John Ameen Collection

15424

Fr. 42 $2 1869 Legal Tender PMG Very Fine 30. Beautifully margined, and with strong color, this Rainbow Two has the appearance that all collectors always search for in a Very Fine note. Sure to please!

15425

Fr. 48 $2 1878 Legal Tender PCGS New 62PPQ. Pleasing paper surfaces are noted on this Deuce. The red overprint is as bright as one will find for the issue.

15426

Fr. 48 $2 1878 Legal Tender PMG Uncirculated 62 EPQ. The bottom margin just barely intrudes into the design at the right end, which has no doubt caused the 62 grade. Likely to prove a bargain, and certainly as pretty as most Gem examples.

15427

Fr. 49 $2 1878 Legal Tender Fine-Very Fine. Last appearing in our FUN 2006 auction, the note was described, "One of the classic rarities of Large Size type, this note, which is new to the Census, raises the number known to 14. It's the first example that Heritage-CAA has sold, and only the third that CAA has handled in its 15 year history. The note appears to have never circulated, but it has three storage folds that are heavy enough to preclude the XF grade. Each of the folds is lightly split at the end. The note is decently margined, with bright ink colors, and good visual appeal. The right-hand side of the back is a bit aged as it apparently was the part exposed during storage. When Fr. 49s are sought, one cannot be particularly fussy. The opportunity to buy this number almost never occurs, and this one, while not a beauty, is certainly a respectable piece." A PMG 30 realized $38,000 in March and a PCGS 25 realized just over $16,000 in October of 2005. This note is not in a class with either of those, but it should certainly hit the five-figure mark.

15428

Fr. 51 $2 1880 Legal Tender CGA Choice Uncirculated 64. The margin size likely accounts for the grade as the note has much of the appearance of a Gem example.

15429

Fr. 52 $2 1880 Legal Tender PMG About Uncirculated 50. PMG has noted "Restoration" on their holder. The restoration is hard to see, but it appears that a stain of some sort was masked out along the top margin on the back. A rather good-looking piece nonetheless.

15430

Fr. 53 $2 1880 Legal Tender PCGS Fine 15. This evenly circulated piece boasts the eye appeal of a full Very Fine, with attractive paper and sharp color. This newly discovered piece brings the total number of examples known to just about three and a half dozen.

15431

Fr. 55 $2 1880 Legal Tender PCGS Very Choice New 64. A much scarcer number, with only about 40 examples known. This number is a real sleeper that for years garnered no attention at all. It's only in recent times that people have started to pay attention to some of these numbers that have proven to be truly scarce. One of the nicest examples of this elusive issue we have offered in recent memory.

15432

Fr. 55 $2 1880 Legal Tender PMG Very Fine 30 EPQ. Only 40 examples compose the total census known for this scarcer signature combination. Original surfaces can be seen beneath the holder.

15433

Fr. 56 $2 1880 Legal Tender PCGS Superb Gem New 67PPQ. By far the more common piece of this two-number type. PCGS has not yet issued a census, but the PMG census shows one 67, eleven 66s and eight 65s. If the proportions hold true and they likely will, it is clear that Fr. 56s at this level will always be quite rare. This attractive piece certainly seems to have qualified for its Superb level grade in every sense.

15434

Fr. 56 $2 1880 Legal Tender PMG Gem Uncirculated 66 EPQ. A really pretty 1880 Deuce with broad margins, perfect color, and paper originality that can be easily see through the third-party holder. 66 EPQ is a high enough grade that we really should be satisfied and not questioning it, but this one looks to us that it should have been a 67.

15435

Fr. 56 $2 1880 Legal Tender PMG Gem Uncirculated 66 EPQ. A striking-looking small seal 1880 Deuce with broad margins and clearly original paper quality. Only a single note has been graded higher by PMG.
From The John Ameen Collection

15436

Fr. 56 $2 1880 Legal Tender PCGS Very Choice New 64PPQ. Adequate margins on this early $2 USN that exhibits an interesting serial number skew.

15437

Fr. 56 $2 1880 Legal Tender PMG Choice Uncirculated 63 EPQ. Deeply printed devices and a colorful overprint complement the perfectly original and bright white paper. A small pencil mark is noted on the back.

15438

Fr. 56 $2 1880 Legal Tender Choice About New. The more common of this two number type and a note that would grade fully Choice save for a corner-tip fold at the lower left.

15439

Fr. 57 $2 1917 Legal Tender CGA Gem Uncirculated 65. The paper is bright on this Gem Deuce, though one could hope for a deeper hue on the seal.

15440

Fr. 57 $2 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. Pleasing paper waves are complementary to the deeply embossed serial numbers.

15441

Fr. 58 $2 1917 Legal Tender PMG Gem Uncirculated 65 EPQ. The margins are slim but ideally even.

15442

Fr. 58 $2 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. Nifty two digit serial number B70A graces this strongly embossed Deuce.

15443

Fr. 60 $2 1917 Legal Tender PMG Gem Uncirculated 65 EPQ. Well margined with plenty of original paper attributes.

15444

Fr. 60 $2 1917 Legal Tender Five Consecutive Examples CGA Gem Uncirculated 65 (2) & Choice Uncirculated 64 (3). A cut sheet is found within this wonderful run of notes that no longer are seen with regularity. In fact, it has been several years since we last offered one.

15445

Fr. 60 $2 1917 Legal Tender PMG Choice Uncirculated 64 EPQ. A blazing red seal and bold serial numbers are noted on this fully margined piece.
From The Warren Marshall Collection

15446

Fr. 60 $2 1917 Legal Tender PMG Choice Uncirculated 63 EPQ. The bottom margin is a bit tight for a higher grade. Overall, the eye appeal is most pleasing.
From The Warren Marshall Collection

15447

Fr. 60 $2 1917 Legal Tender Star Note PMG Choice Fine 15. A problem free Star with boldly printed serial numbers.

15448

Fr. 61a $5 1862 Legal Tender PCGS Very Choice New 64PPQ. Brilliant colors of the inks and pure white paper highlight this striking example of an 1862 legal five with the first obligation back. The 64PPQ grade seems a bit on the conservative side. A very pretty note with original embossing that can be clearly seen through the third party holder.

15449

Fr. 61a $5 1862 Legal Tender PMG Very Fine 25. This is a problem-free note with bright paper and just a handful of vertical folds.

15450

Fr. 61a $5 1862 Legal Tender Very Good+. An average circulated example that remains complete and retains eye appeal with a few pinholes noticed.

15451

Fr. 63 $5 1863 Legal Tender PCGS Gem New 65PPQ. A bright and flashy example encapsulated in a PCGS Gem New 65PPQ holder, a grade it certainly appears to have earned. We sold this beauty back in January, when it realized $6900 and it remains the only example from either service in 65 or higher to have been sold at auction to date. Expect it to bring more, and perhaps substantially more, this evening.

15452

Fr. 63 $5 1863 Legal Tender PMG Choice Uncirculated 64. To date, PMG has only graded three 64s (including this note) with only two notes grading higher. This is a great example for the type. Save for the tight margins at the top and right of the face, and a minor stain at the lower left (which does not touch the design), this note could have gained an extra point or two at the grading services. The colors brilliantly shine through the third party holder, and the design intricacies on both the front and back remain utterly unmolested.

15453

Fr. 63a $5 1863 Legal Tender PMG Choice Uncirculated 63 EPQ. The usual centering issues affect this very bright early $5 Legal Tender. Plenty of embossing and original paper surfaces add up to a note with excellent eye appeal.

15454

Fr. 63b $5 1863 Legal Tender PMG Very Fine 30. Almost solid sixes on this bright, multi-folded note.

15455

Fr. 64 $5 1869 Legal Tender PCGS Superb Gem New 67PPQ. The colors are striking on this Rainbow Pioneer Family Five. PCGS has not yet released its population report, but we expect the numbers to be roughly comparable to PMG. PMG has graded over 100 Fr. 64s with only a single 67, a handful of 66s, and twenty-three 65s. Whatever the PCGS numbers are, it is a certainty that Fr. 64s in 67 grade will never be anything but rare. Beautifully margined, fresh, and clearly original.

15456

Fr. 64 $5 1869 Legal Tender PCGS Gem New 65PPQ. Two other notes from this sheet have been seen at public auction, but we doubt the others are as nice as this Gem. A real knockout of a note with super colors and a dark blue security stain that commences at the top and runs fully down to the bottom margin.

15457

Fr. 64 $5 1869 Legal Tender PMG Choice Uncirculated 64. The 64 grade is almost certainly due to the tight top margin as the note appears Gem in every other respect. The colors are terrific.

15458

Fr. 64 $5 1869 Legal Tender PMG Choice Uncirculated 63. Sharp printing and a vivid blue swath are hallmarks of this pleasing $5 Rainbow. The back centering is dead on while the right side margin on the face is a bit large.
From The John Ameen Collection

15459

Fr. 64 $5 1869 Legal Tender PCGS New 62. A pleasing, brightly inked example that shows a partial plate number in the margin at top center.

15460

Fr. 64 $5 1869 Legal Tender PMG Choice About Unc 58 EPQ. A soft, broad corner fold seems to be the reason this lovely and deeply inked Rainbow $5 was assigned the grade. If fresh, original material is what you seek, this is the note for you.
From The Warren Marshall Collection

15461

Fr. 64 $5 1869 Legal Tender PMG About Uncirculated 55. Nice margins and decent centering are noticed on this $5 Rainbow Pioneer that is quite colorful.

15462

Fr. 64 $5 1869 Legal Tender PMG Very Fine 20. The all important color scheme on this note is still bold despite some time in 19th century channels of commerce. The paper is pleasingly original with a lone pinhole to report.

15463

Fr. 64 $5 1869 Legal Tender Fine-Very Fine. A nicely margined, brightly colored, evenly circulated example. An ideal collector note.

15464

Fr. 67 $5 1875 Legal Tender PMG Gem Uncirculated 66 EPQ. Bright, white paper is highlighted by richly colored blue and purple fibers. The overprint remains bold as do the serial numbers and seal.

15465

Fr. 67 $5 1875 Legal Tender PMG Extremely Fine 40. The red overprint color is a bit toward pink as is commonly the case for this type. The 40 grade seems to be pretty much right on the money.

15466

Fr. 68 $5 1875 Legal Tender PMG Choice Uncirculated 64 EPQ. From a run responsible for many of the New notes which survive today. Bold overprints are noticed along with a well centered back. A narrow margin at lower right explains the grade.

15467

Fr. 68 $5 1875 Legal Tender PCGS Very Choice New 64. The margins are especially broad on three sides. The overprint remains bright.

15468

Fr. 68 $5 1875 Legal Tender PCGS Choice New 63PPQ. This well centered note displays margins normally seen on higher grade examples. This is a tougher note for type, with less than 100 examples known. Expect to see a realization closer to that of a note a point higher. Strongly embossed and bright with plenty of eye appeal, it is certain to find a happy new owner.

15469

Fr. 68 $5 1875 Legal Tender PMG Choice About Unc 58 EPQ. Embossing from the heaviest parts of the face design is noted on back. The paper is appealing and original, with a couple of corner bends accounting for the grade.

15470

Fr. 69 $5 1878 Legal Tender PMG Gem Uncirculated 65 EPQ. A pleasing example which was part of the famed "Atlantic Collection." Bright color and large margins grace the surface of this strictly original beauty.

15471

Fr. 69 $5 1878 Legal Tender CGA Choice Uncirculated 64. Boasting deeply inked overprints, this note is well margined, nicely centered, and well within the desired grade range.

15472

Fr. 69 $5 1878 Legal Tender PMG About Uncirculated 53. We are going to guess that there is a light fold here somewhere, but through the holder, this beauty has the appearance of a 64 or higher note. Decently centered, beautifully bright, and very, very fresh-looking.

15473

Fr. 69 $5 1878 Legal Tender PMG Extremely Fine 40 EPQ. The colors are great, and the margins, though not even, are rather large at all points, and extremely so at the right end of the face. A few light folds can be seen through the holder on this clearly EPQ example.

15474

Fr. 71 $5 1880 Legal Tender PMG Choice About Unc 58 EPQ. A corner fold at top right is the only circulation this strongly embossed beauty has sustained.
From The Warren Marshall Collection

15475

Fr. 72 $5 1880 Legal Tender CGA Choice Uncirculated 64. The textured paper is raised with the deep embossing of the overprint and major design details from the face.

15476

Fr. 72 $5 1880 Legal Tender PCGS Choice About New 55. A bright representative for the grade with an almost invisible fold.

15477

Fr. 73 $5 1880 Legal Tender CGA Gem Uncirculated 67. The margins are solid for the issue and complement the appealing paper and bright seal and serial numbers.

15478

Fr. 73 $5 1880 Legal Tender CGA Choice Uncirculated 64. Decent margins and perfect embossing are noted on this piece. The right margin shows some signs of having been professionally helped.

15479

Fr. 73 $5 1880 Legal Tender PMG Choice Uncirculated 63 EPQ. The close right face margin undoubtedly accounts for the 63 grade. The paper originality is easily seen, and the colors of the note are simply perfect.

15480

Fr. 73 $5 1880 Legal Tender PCGS Extremely Fine 40. This three-fold Woodchopper boasts Gem quality margins and a bold red seal.
From The Drew Keough Collection

15481

Fr. 74 $5 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Another stunning example from this old time collection, displaying bright inks and excellent color. With a touch more margin along the bottom left it would be Gem.
From The Warren Marshall Collection

15482

Fr. 76 $5 1880 Legal Tender PMG Choice Extremely Fine 45 EPQ. A tougher Friedberg number with less than 60 examples available. Great embossing and no-nonsense originality deliver great eye appeal to this colorful Pioneer.
From The John Ameen Collection

15483

Fr. 77 $5 1880 Legal Tender PMG About Uncirculated 55. Since 2000, a lone CU example of this scarce note has made a public auction appearance. This piece is as vivid as one would expect for a fully uncirculated issue, though there is a single centerfold. The seal is bold and contrasts nicely with the blue serial numbers and bright white paper.

15484

Fr. 78 $5 1880 Legal Tender PMG Choice Fine 15. A pleasing Woodchopper of which less than 40 survivors are known in all grades.

15485

Fr. 79 $5 1880 Legal Tender PMG Choice About Unc 58 EPQ. The tiniest of corner tip folds is noted on the upper right corner. The rich blue of the serial numbers contrasts nicely with the cherry red seal.

15486

Fr. 80 $5 1880 Legal Tender CGA Gem Uncirculated 67. Solid margins frame this deeply printed design. Rolling paper waves are noted in the third party holder.

15487

Fr. 80 $5 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. The top margin which is just a hair tight, likely accounts for the 65 grade, as the note appears to be superb in every other sense. The paper quality is certainly there. PMG is quite careful with their EPQ designation, and with this note, the quality can be seen right through the holder.

15488

Fr. 80 $5 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Boldly printed and displaying cavernous embossing, a simply lovely example.

15489

Fr. 80 $5 1880 Legal Tender PMG Choice Uncirculated 63. Tight across the top, but a Gem in all other respects.

15490

Fr. 81 $5 1880 Legal Tender PCGS Very Choice New 64PPQ. Deep overprints and vibrant color illuminate the surface of this wonderful Woodchopper. Perhaps a bit tighter margin along the bottom has held this beauty from Gem.

15491

Fr. 81 $5 1880 Legal Tender PCGS Extremely Fine 45. Three light folds do little to detract from the well embossed and bright paper.

15492

Fr. 84 $5 1907 Legal Tender PMG About Uncirculated 50. A light bend in the center accounts for the grade on this wavy and pleasing issue.

15493

Fr. 85 $5 1907 Legal Tender PMG Gem Uncirculated 65 EPQ. Ideally textured paper is not hidden by the third-party holder. The embossing is complementary and perfect.

15494

Fr. 86 $5 1907 Legal Tender PMG Choice Fine 15. This is the scarce Napier-Thompson signature combination. About 50 examples are known in all grades combined, with this average circulated note new to the census.

15495

Fr. 87 $5 1907 Legal Tender PMG Gem Uncirculated 65 EPQ. The margins are sufficient for a full Gem grade and perfectly frame this boldly printed and well embossed issue.

15496

Fr. 87 $5 1907 Legal Tender PCGS Choice About New 58PPQ. You will have to look long and hard to determine where the slightest degree of circulation has occurred on this lovely Woodchopper.

15497

Fr. 88 $5 1907 Legal Tender CGA Gem Uncirculated 66. Clearly original with better top and bottom margins than we usually see on 1907 Pioneer Family fives. The ink and paper colors are excellent.

15498

Fr. 88 $5 1907 Legal Tender PMG Choice Uncirculated 64 EPQ. A touch larger top margin and this original and boldly embossed example would have surely earned a full Gem grade.

15499

Fr. 88 $5 1907 Legal Tender Choice New. A pleasing note in every respect with wonderful margins and plentiful embossing. Toned a creamy white perhaps due to storage in a book.

15500

Fr. 88 $5 1907 Legal Tender PMG About Uncirculated 55. Embossing of the face engraving is visible in the open portions of the design on back.

15501

Fr. 91 $5 1907 Legal Tender PMG Gem Uncirculated 65. Perfect, deep embossing of the seal and serial numbers is noted on the back of this Woodchopper.

15502

Fr. 91 $5 1907 Legal Tender PMG Choice Uncirculated 64. Offerings of Woodchoppers at this grade level and higher are becoming less frequent with each passing year.

15503

Fr. 91 $5 1907 Legal Tender PMG Choice Uncirculated 64. A candy red overprint and seal contrast against the bright white paper of this Woodchopper.

15504

Fr. 91 $5 1907 Legal Tender PMG Choice Uncirculated 63 EPQ. A tight margin across the top is the reason for the grade on this bright, original Woodchopper.

15505

Fr. 91 $5 1907 Legal Tender New+. The red overprints are quite bold on this pleasing Woodchopper that is cut a bit tight.

15506

Fr. 91 $5 1907 Legal Tender PMG Choice About Unc 58 EPQ. A lone centerfold is noted on this wholly original and attractive Woodchopper with the PCBLIC error.

15507

Fr. 91 $5 1907 Legal Tender Star Note PMG About Uncirculated 53 EPQ. While 143 star examples are reported for this Friedberg number, this piece, graded About Uncirculated 53 EPQ by PMG, falls into the highest-grade dozen or so known notes. The top margin is a bit close at the right end, but the colors are sharp and bright, and the note appears truly close to the full uncirculated grade.

15508

Fr. 91 $5 1907 Legal Tender PMG About Uncirculated 50 EPQ. There is a light horizontal fold on this otherwise Choice-appearing example.

15509

Fr. 92 $5 1907 Legal Tender PMG Choice Uncirculated 63 EPQ. The final signature combination of the Pioneer Family Type, and a much scarcer number. A tight top margin certainly withheld a higher grade on this beauty with paper originality that is clearly seen through the third party holder.
From The John Ameen Collection

15510

Fr. 92 $5 1907 Legal Tender PCGS Choice New 63. This is a better signature combination for 1907 $5 Woodchoppers, commanding decent premiums in uncirculated grades. This piece is sufficiently margined and bright.

15511

Fr. 93 $10 1862 Legal Tender Very Fine-Extremely Fine. Lots of color on this somewhat closely-margined early Legal Ten. There are two minor corner-tip repairs, but they are barely noticeable.
From The John Ameen Collection

15512

Fr. 93 $10 1862 Legal Tender PMG Very Fine 25. Strictly problem free surfaces are noticed on this early Legal Tender though the seal is a touch faded.

15513

Fr. 96 $10 1869 Legal Tender PCGS Gem New 66PPQ. This Rainbow Ten is extremely popular at all grade levels, but it is only truly scarce 65 and higher. This 66PPQ example has incredible color, as well as huge margins and magnetic eye appeal. This Rainbow Ten is well margined all around, a feature that is particularly important on the back of this type, as this is one of the few instances in US Currency where the back design is taller than the face design, causing the great majority of 1869 tens to have part of their back design cut by the margins. In this case, the nearly perfect back centering allows the full design to be well clear of the edge. A premium piece that appears to us as though it would be equally at home in a 67 holder.

15514

Fr. 96 $10 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. Another wonderful Jackass with the deep blue swath to the right of Webster's vignette. Were it not cut a little tight along the top this pleasing note would fall into the Gem category. Better back centering than is usually seen is another positive attribute which will assist in a bidding decision.

15515

Fr. 96 $10 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. A wonderfully original Jackass from a known run that has supplied collectors with uncirculated notes for many years. The note has the ink and paper colors that it had the day it was pulled from the press over 135 years ago.
From The Warren Marshall Collection

15516

Fr. 96 $10 1869 Legal Tender PMG Choice Uncirculated 64 EPQ. The colors on this Rainbow Ten are spectacular, with the paper fully bright and the inks extremely bold. Even the blue security tint is bolder than normally seen. The face centering is less than perfect, but the margins are broad enough at all points to easily support the 64 EPQ grade. A handsome example that falls just a hair short of full Gem.
From The John Ameen Collection

15517

Fr. 96 $10 1869 Legal Tender CGA Choice Uncirculated 64. The colors on this piece are bold, especially the big red seal and cherry red serial numbers. Razor sharp edges and broad margins for the issue add to the overall eye appeal. A tiny corner tip fold is noted, but fails to touch the design.

15518

Fr. 96 $10 1869 Legal Tender PMG Choice About Unc 58. The soft fold must be lurking somewhere on this gorgeous Rainbow Sawbuck. The margins, colors, and eye appeal would all support the Superb grade.

15519

Fr. 96 $10 1869 Legal Tender PMG Extremely Fine 40. A bright representative in a pleasing grade that is colorful, well margined and uncompromising in the quality department. Simply a nice mid-grade example which should spark some interest.

15520

Fr. 96 $10 1869 Legal Tender PCGS Extremely Fine 40. Hugely margined and with super color for the grade. An extremely nice example of a very popular type. The Rainbow colors are seldom as well displayed on a circulated piece as they are on this one.

15521

Fr. 96 $10 1869 Legal Tender Very Good. The paper on this issue is relatively solid for the grade. There are a few pinholes and a reinforced edge that are only evident when the note is candled.

15522

Fr. 100 $10 1880 Legal Tender PMG Gem Uncirculated 66. Bold embossing of the face design and overprint stands out clearly in the holder and is mentioned in PMG's comments on back, "Great Embossing." The large brown seal is as bold as one will find for the issue and rests proudly on original, bright paper.

15523

Fr. 100 $10 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Obvious paper originality highlights this Gem Large Brown Seal Red Serial Number Jackass Ten. The margins on both sides are good enough to have supported a higher grade. A very nice type note.

15524

Fr. 102 $10 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. The colors are particularly rich on this Large Brown Spiked Seal Red Serial Number 1880 Sawbuck. The "EPQ" designation was clearly earned as the paper originality can be quite easily seen through the holder.
From The Warren Marshall Collection

15525

Fr. 103 $10 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. PMG has graded seven notes at this 65 EPQ level, and only three are graded higher. This Large Round Red Seal Ten often comes with the seal color somewhat faded. It is simply beautiful on this one, and that, combined with the broad margins and clearly original surfaces, earn this note its full Gem grade.
From The John Ameen Collection

15526

Fr. 103 $10 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. The original embossing on the seal is so heavy that it can be viewed easily through the holder. The colors are excellent and the note has a wonderfully, fresh overall appearance. Actually a scarce number in high grade--the presence of so many nice examples in this sale notwithstanding.
From The John Ameen Collection

15527

Fr. 103 $10 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. This is a lovely example, with deep, original embossing, bright color of the inks and paper and excellent surfaces, without a hint of a problem of any kind. Fr. 103 is the most common of the three Large Round Red Seal Blue Serial Number Jackass signature combinations. Only around 175 examples are known for all three numbers combined, making this a rather scarce type, particularly in top grade.

15528

Fr. 103 $10 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. The somewhat tight top margin is likely responsible for the grade as this beautifully bright Jackass Ten has all the other attributes of a perfect Gem. The colors are terrific, and the original embossing is deep enough that it can be easily viewed through the third party holder. Incredibly fresh.

15529

Fr. 103 $10 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. From an old time collection, this Jackass exudes those original qualities important today. Nice margins engulf strongly embossed surfaces that are dripping with fresh ink that looks as it did on the day it was printed.
From The Warren Marshall Collection

15530

Fr. 103 $10 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. Here is another fresh and pleasing Jackass that has been off the market for a number of years. Plenty of embossing remains along with deep color, but it is held back from a higher grade due a thin upper margin.
From The Drew Keough Collection

15531

Fr. 106 $10 1880 Legal Tender PMG Gem Uncirculated 66 EPQ. PMG has not graded any Fr. 106s higher than this 66 EPQ. The census for both Fr. 106 and 107 is about equal, with just shy of 200 pieces being listed for the type. Not a whole lot of them rank with this beauty for grade or appearance.

15532

Fr. 106 $10 1880 Legal Tender PCGS Very Fine 30PPQ. Even margins are noticed on this bright mid-grade example.

15533

Fr. 107 $10 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Friedberg 107's are an ideal way to own a perfectly original Gem example of this popular type since they are usually more available than other issues. This Large Orange Seal Jackass Ten has strikingly bold original embossing and excellent color. But for a slightly tight bottom margin it would rate the full Gem grade.

15534

Fr. 107 $10 1880 Legal Tender PMG Very Fine 25 Net. The third-party label informs us that the note has been trimmed to remove stains and/or tears.

15535

Fr. 108 $10 1880 Legal Tender PMG Choice About Unc 58. The eye appeal of this note cannot be improved upon and the color is phenomenal for a slightly circulated piece.

15536

Fr. 108 $10 1880 Legal Tender Fine. There are a number of small body holes on this otherwise solid example. The note has good color for the grade and none of the normal edge problems.

15537

Fr. 110 $10 1880 Legal Tender PMG Gem Uncirculated 65 EPQ. Fr. 110 is a somewhat scarcer number and this one is a beauty. The ink and paper color is as perfect as the day the note was made. The original embossing is easily seen through the holder. A very good looking note that clearly has earned its Gem grade.

15538

Fr. 110 $10 1880 Legal Tender PMG Very Fine 20. This Jackass is an ideal representative of the Very Fine grade and is totally free of distractions.

15539

Fr. 111 $10 1880 Legal Tender CGA Gem Uncirculated 67. A touch of handling is noted on this fully margined and deeply printed Jackass.

15540

Fr. 111 $10 1880 Legal Tender PMG Choice Uncirculated 64 EPQ. This beautifully fresh Jackass Ten is a note that appears to us to be right on the 64/65 line. This one could have gone either way.

15541

Fr. 113 $10 1880 Legal Tender PMG Choice Uncirculated 63 EPQ. Removed from the public's eye for many years, this wholly original note will surely please its next owner.
From The Warren Marshall Collection

15542

Fr. 113 $10 1880 Legal Tender PMG Very Fine 30. A little light circulation is apparent.

15543

Fr. 114 $10 1901 Legal Tender PMG Choice Uncirculated 64 EPQ. The "Exceptional Paper Quality" comment was certainly earned by this Bison. Pronounced original embossing is very easily seen through the third-party holder. Generally on Fr. 114s, the serial numbers are orange and the remainder of the overprint is a true deep red. This particular example shows that tendency at its most brilliant. A very attractive note.
From The John Ameen Collection

15544

Fr. 114 $10 1901 Legal Tender PCGS Extremely Fine 40. This pleasing Bison is well margined and nicely centered and it also has good color and plenty of eye appeal.

15545

Fr. 114 $10 1901 Legal Tender PCGS Extremely Fine 40. A handsome lightly circulated Bison that maintains pleasing margins and vivid color.
From The Drew Keough Collection

15546

Fr. 114 $10 1901 Legal Tender PMG Very Fine 20. An evenly circulated Bison that retains a bit of embossing.

15547

Fr. 114 $10 1901 Legal Tender Very Fine+. A couple of notches in the margins along the heavy fold lines are noticed on this brightly overprinted Bison.

15548

Fr. 119 $10 1901 Legal Tender CGA Gem Uncirculated 68. Perfect front to back centering and ideally even margins are noted on this Superb Bison. The embossing is particularly pronounced and the overprint sufficiently bright. The size of the design limited the size of the margins and as a result most were cut very close to the design, resulting in very few notes that can even hope to achieve a grade this lofty.

15549

Fr. 119 $10 1901 Legal Tender PMG Superb Gem Unc 67 EPQ. PMG has graded over 60 Fr. 119s--seven have reached the 65 level, five 66s have been graded, but only this note and one other have reached the 67 level--none have been graded higher. Bisons are one of the most popular of all type notes, and very few will ever reach this grade level. The margins are incredible, as are the colors. The paper surfaces are clearly strictly original, as is evidenced by the heavy embossing showing plainly though the encapsulation. A pristine type note. We've sold one of the other PMG 67 EPQ Fr. 119s, in April of 2006, for $25,300. We would certainly expect this piece to do as well or better.

15550

Fr. 119 $10 1901 Legal Tender PMG Gem Uncirculated 65 EPQ. This Bison has incredible color to go along with the coveted "Exceptional Paper Quality" comment. The margins are excellent as one would expect for a PMG 65. Fr. 119 is not a Bison number that is generally found in this high a grade. In fact, only about 200 Fr. 119's are known in all grades combined. By comparison, the most common Bison is Fr. 122, with just over a thousand pieces known.
From The Warren Marshall Collection

15551

Fr. 119 $10 1901 Legal Tender CGA Extremely Fine 40. Though the number of folds is commensurate with a VF grade, they are tightly clustered and best defined as light bends giving the note an overall EF appearance.

15552

Fr. 119 $10 1901 Legal Tender PMG Choice Very Fine 35. The all important Bison vignette is unaffected by folds as this piece is bright and appears fully AU.

15553

Fr. 119 $10 1901 Legal Tender PMG Very Fine 25. Fully intact paper and boldly printed Bison vignette are noted on this moderately circulated Legal Tender.

15554

Fr. 119 $10 1901 Legal Tender PMG Very Fine 25. This unusually attractive Bison has bold, bright color, huge margins and plenty of eye appeal. It's as nice an example of the grade as we've seen, and it is sure to please any collector.
From The Walla Walla Collection

15555

Fr. 119 $10 1901 Legal Tender Very Fine. The surfaces are a little soft on this Bison that has sound edges and snappy paper.

15556

Fr. 119 $10 1901 Legal Tender CGA Fine 12. A minor repaired split is in the right margin.

15557

Fr. 120 $10 1901 Legal Tender PMG Choice Fine 15. A paper pull is noticed on the right side of this lightly handled Bison.
From The Walla Walla Collection

15558

Fr. 121 $10 1901 Mule Legal Tender CGA About Uncirculated 58. A faint center bend is noted on this otherwise Choice looking example. The paper remains sufficiently bright as does the overprint.

15559

Fr. 121 $10 1901 Mule Legal Tender PMG Very Fine 25. This Bison has John Burke Plate #319 visible on the back at lower right. Well margined with some hard folds accounting for the grade.

15560

Fr. 122 $10 1901 Legal Tender PCGS About New 53PPQ. A lone centerfold runs through this perfectly margined and well embossed Bison. The paper is perfectly original.
From The Walla Walla Collection

15561

Fr. 122 $10 1901 Mule Legal Tender PCGS About New 50. Vivid color on the overprints generates considerable eye appeal on this always popular issue.

15562

Fr. 122 $10 1901 Legal Tender CGA Extremely Fine 40. A brightly colored Bison exhibiting several folds with some embossing visible beneath the holder.

15563

Fr. 122 $10 1901 Legal Tender Very Fine-Extremely Fine. A couple of pinholes have pierced the paper to the left of the "Bison" vignette. Nicely centered with plenty of eye appeal.

15564

Fr. 122 $10 1901 Legal Tender PCGS Very Fine 30PPQ. Another pleasing, colorful and well embossed Bison.

15565

Fr. 122 $10 1901 Legal Tender PMG Very Fine 30 EPQ. This Bison stands proudly upon the plain. Light folds do little to take away from the overall eye appeal of this note.

15566

Fr. 122 $10 1901 Legal Tender PCGS Very Fine 30. We are almost to the point with this issue that we may have a complete grading set in this sale. This is another colorful, well embossed Bison that is problem free.

15567

Fr. 122 $10 1901 Legal Tender PMG Very Fine 30. The few folds that account for the grade are unobtrusive. The complementary margins push the eye appeal past that of a normal Very Fine.

15568

Fr. 122 $10 1901 Legal Tender PMG Very Fine 25. The Bison vignette is unaffected by the folds that account for the grade, giving the note an overall EF appearance.

15569

Fr. 122 $10 1901 Legal Tender PMG Very Fine 25. There just never seem to be enough of these pleasing lightly circulated Bisons on the market.
From The Warren Marshall Collection

15570

Fr. 122 $10 1901 Legal Tender Very Fine. This is a nice mid-grade Bison for type. Two approximate quarter inch bottom edge tears are noticed.

15571

Fr. 122 $10 1901 Legal Tender Very Fine. The surfaces are a tad soft, and the note has a mild chemical smell, but the red color is only slightly toned down.

15572

Fr. 122 $10 1901 Legal Tender PMG Very Fine 20. Some semi-hard folds are noticed on this Bison that features a very bright overprint. The eye appeal remains while fold counters will most certainly be kept busy.
From The Walla Walla Collection

15573

Fr. 122 $10 1901 Legal Tender PMG Choice Fine 15. Well circulated, but with decent color remaining. A somewhat nicer-looking note than one would expect for the 15 grade.

15574

Fr. 122 $10 1901 Legal Tender Fine. There are two fairly long repaired edge splits along the center, but they are relatively easy to overlook. This evenly-circulated Bison has good color and no other problems.

15575

Fr. 122 $10 1901 Legal Tender Fine. Both the seal and the red "X" have had their appearance "boosted" a bit with artwork. The note is also a bit unnaturally stiff.

15576

Fr. 122 $10 1901 Legal Tender Very Good. A decent overprint and sufficiently solid paper is noted on this Bison.

15577

Fr. 123 $10 1923 Legal Tender PMG Gem Uncirculated 65 EPQ. This final Large Size Ten Dollar Legal has not previously been reported although the serial number just before it has. It is not from the final pack of these that supplied most of the known Uncirculated examples, but from a second, much shorter run. The piece has been off the market for decades as Mr. Ameen's purchase price of $425 would indicate. Great color and clearly evident paper originality adorn this Legal Ten.
From The John Ameen Collection

15578

Fr. 123 $10 1923 Legal Tender PMG Choice Uncirculated 64. The design is centered a touch high for a full Gem grade. It is unfortunate as the margin is still much broader than is usually seen, while the three other margins are behemoth.
From The Warren Marshall Collection

15579

Fr. 123 $10 1923 Legal Tender Choice About New. There is a single, soft vertical fold to the left of the seal on this Gem-appearing 1923 Ten. The back design is high and a bit skewed.
From The Drew Keough Collection

15580

Fr. 123 $10 1923 Legal Tender Extremely Fine-About New. A bright and well centered example of a one year type which is exceedingly difficult to find in this grade.

15581

Fr. 123 $10 1923 Legal Tender PMG Choice Very Fine 35. No fold is worthy of singular mention as this piece appears fully AU in the holder. The overprint is as bright as one would want for a moderately circulated issue.

15582

Fr. 123 $10 1923 Legal Tender PMG Choice Very Fine 35. This series has undergone a Renaissance of sorts as the true appreciation for the design has been outstripping the supply as fast as these appear. Well margined with bright paper, though the overprint is a touch blurred.

15583

Fr. 123 $10 1923 Legal Tender PMG Very Fine 25. This moderately circulated Poker Chip note is decently margined with the overprint retaining much of its overall color.

15584

Fr. 123 $10 1923 Legal Tender Fine-Very Fine. There are a number of brown stains at the top, but they do little to detract from this wholly unmolested scarce type note.

15585

Fr. 123 $10 1923 Legal Tender PMG Choice Fine 15. The colors are bright on this popular Poker Chip design.
From The Walla Walla Collection

15586

Fr. 123 $10 1923 Legal Tender PMG Choice Fine 15. The overprint is as bright as one will find for the grade. Add solid margins, and the eye appeal is above average for a moderately circulated issue.

15587

Fr. 123 $10 1923 Legal Tender Fine. A little soiled, but with strong ink color and only a single, short edge split for perfection for the grade. A tough type to find in any grade and a relatively inexpensive example.

15588

Fr. 124 $20 1862 Legal Tender Very Good. A few short edge splits and a number of pinholes do little to detract from this early Legal Twenty with the First Obligation back.

15589

Fr. 125 $20 1862 Legal Tender Very Good. The obverse features a classic, centrally-placed vignette of Liberty holding a sword and shield that is quite appropriate for the era. A few edge issues are noticed and the interior has several pinholes.

15590

Fr. 127 $20 1869 Legal Tender PCGS Very Fine 30. The blue swath is pronounced on this gorgeous mid-grade Rainbow with plenty of eye appeal. Offerings in this condition do not occur with regularity and a want list will certainly be filled this evening with a most pleasing example.

15591

Fr. 127 $20 1869 Legal Tender PMG Very Fine 25 Net. This fully margined issue is net graded with the comment "Bleached". It is however misleading to assume this note is without eye appeal. The all important anti-counterfeiting swath of blue color was unhindered by the bath. The seal and serial numbers are sufficiently bold adding to the eye appeal.

15592

Fr. 127 $20 1869 Legal Tender PMG Very Good 10. A pleasing Rainbow that has a few pinholes which are acceptable for the grade.

15593

Fr. 129 $20 1878 Legal Tender PMG Gem Uncirculated 65 EPQ. This example from Mr. Ameen's collection has no prior auction record mentioned in the census, but it slips right in to the known run of Uncirculated pieces auctioned in the past. Bill Donlon used this example as the illustration piece for his Large Size catalog. The stand-out feature of this 65 EPQ note are the colors, which are far flashier than what is normally seen on this typically drab type. PMG has noted "Donlon Illustration" on the holder of this beautiful note.
From The John Ameen Collection

15594

Fr. 133 $20 1880 Legal Tender Very Fine-Extremely Fine. Until not long ago, scarcer numbers such as this commanded only very modest premiums above type levels. With the growing availability of information within the collecting fraternity, knowledge of rarity levels has become far more widespread and values for these tougher numbers are experiencing upward pressure. This is an especially scarce signature combination, with a total census a touch higher than 20. This is a very respectable example of a truly scarce number. Plan on spending at least...
From The John Ameen Collection

15595

Fr. 135 $20 1880 Legal Tender PMG About Uncirculated 53 Net. PMG has noted a restoration on this elusive early USN. It will take some time to discover exactly what has been done to it. Until then, enjoy the vivid color and the decent centering.

15596

Fr. 135 $20 1880 Legal Tender PCGS Very Fine 35PPQ. Broad margins on all four sides frame this brightly colored issue. The little time that this note spent in circulation did little to affect the originality or eye appeal.

15597

Fr. 142 $20 1880 Legal Tender PMG Very Fine 25. The blue serial numbers and red seal are all still quite bold for the grade. The margins are full and the overall eye appeal closer to EF.
From The Warren Marshall Collection

15598

Fr. 144 $20 1880 Legal Tender PMG Gem Uncirculated 66 EPQ. Only forty or so Fr. 144s have been tracked. This piece is from the short run that has supplied a few Uncirculated examples to the collecting community. Scarce Large Size notes in very high grade have been increasing in price at a dizzying rate. This note, with its 66 EPQ grade and very low total census, should be an extremely popular lot.

15599

Fr. 146 $20 1880 Legal Tender CGA Crisp Uncirculated 62. Gem worthy margins are noted on this fully uncirculated issue. A lone corner tip fold that is fully outside of the design resulted in the grade.

15600

Fr. 147 $20 1880 Legal Tender PMG Extremely Fine 40. Light circulation has not affected the eye appeal of this $20 Hamilton.
From The Warren Marshall Collection

15601

Fr. 151 $50 1869 Legal Tender PCGS Fine 12. Well circulated to be sure, but the total census for this type is just 62 pieces. Not a lot of them are well circulated, and among those that are, many have problems that hurt either the appearance or value. This piece has tremendous color for the fine grade, and none of the distracting problems that are typically seen. There are a few very tiny pinholes, but the note is free of marks, restorations, and tears. About as well-colored and good-looking an example you will ever find for this grade.

15602

Fr. 152 $50 1874 Legal Tender PMG Very Good 8. PMG has commented "pinholes, trimmed." Despite the grade this Franklin issue still maintains some eye appeal.

15603

Fr. 161 $50 1880 Legal Tender PCGS Gem New 65PPQ. This note was featured in our January, 2007 Signature Sale, where we noted "This beautiful note is from the run of CU examples that have supplied collectors this number for years. This note is nicely margined with sharp corners. The paper is bright and the inks are outstanding. This classic design, with its large brown seal, blue serial numbers, and striking vignette of America, is one of our favorite pieces of paper money." In that sale this example realized $29,900. While there have been no auction sales of any third party graded Fr. 161 since, it seems unlikely that this note's value would have diminished since its last offering. Expect a realization in the area of...

15604

Fr. 161 $50 1880 Legal Tender PMG Choice Uncirculated 64. The striking "America" vignette that graces the right end of this beautiful type was engraved by Charles Burt, who likely also engraved the Benjamin Franklin vignette that appears at the other end. This note is from the short run that has supplied collectors with almost all the high-grade examples of this type. PMG has noted "Restoration" on the holder. We suspect it is a closed pinhole since not a trace can been seen through the holder. The note is broadly margined with wonderful color, and strong eye appeal.
From The John Ameen Collection

15605

Fr. 164 $50 1880 Legal Tender Fine-Very Fine. This mid-grade Franklin Fifty is nicely centered and has plenty of body remaining for the grade. Though a touch faded from everyday commerce, this example should fill a hole at a reasonable price.

15606

Fr. 164 $50 1880 Legal Tender PMG Choice Fine 15. Very well margined, and with good color for the fine grade. Friedberg 164 is by far the most common of the 1880 $50 Legals, making it an ideal number to represent this hard-to-find higher denomination note in a type set. This would should please the fussiest of circulated note collectors.

15607

Fr. 164 $50 1880 Legal Tender Fine. Save for a distracting red stain at the bottom center, this Fifty Dollar Legal would be problem-free. The edges are solid and the margins are excellent.

15608

Fr. 177 $100 1880 Legal Tender PCGS Fine 12. This piece has been off the market for about 15 years. It is one of only about a dozen and a half examples of this number known to exist. Only one or two pieces are high grade, and this one, while well circulated, appears totally solid and problem free.

15609

Fr. 178 $100 1880 Legal Tender PMG Very Fine 25. Of the fourteen examples known, this is the fourth finest according to the records in Track & Price. No Uncirculated notes are known, and only a single AU, which realized $48,000 in auction in 2005. As with so many of the notes from John Ameen's collection, this piece is not listed in the census which has now increased to 15. The note certainly seemed to have earned its 25 grade. It is an attractive VF by anyone's standard with excellent margins, strong ink color, and lots of eye appeal.
From The John Ameen Collection

15610

Fr. 190b $10 1864 Compound Interest Treasury Note PMG Very Good 8 Net. This note has been Repaired and Reconstructed according to PMG, but regardless this restoration has improved the eye appeal tremendously compared to what it once was. Coming from an issue where original notes are elusive, it should receive serious bidder attention this evening. The repairs have been quite professionally executed, effectively bringing a tough note back to life to be enjoyed for countless generations.

15611

Fr. 190b $10 1864 Compound Interest Treasury Note About Good, Silked. Heavily stained and silked on the back to hold it together along its numerous splits. If budget constraints were preventing you from adding a Compound Interest Treasury Note example to your holdings, then your wait is over. If aesthetics are also important, you may want to reconsider.

15612

Fr. 191 $20 1864 Compound Interest Treasury Note PMG Choice Very Fine 35. Sold by us in January 2001 and again in February 2005 as part of our Taylor Family Collection where it was described: "An utterly spectacular note and one of only three examples known. Neither of the other two is traced, both of which are listed by serial number only, one without a grade and the other graded as 'Poor.' This piece is a perfectly natural, utterly unrestored Extra Fine. The note is unbelievably broadly margined, perfectly centered on both sides, and beautifully bright in inks, paper, and bronze. The bronze remains fully golden, without a hint of tarnish or age. In fact, this piece is among the top two or three finest examples known for the type, even when the infinitely more common (just over 50 known) Fr. 191a is considered. This was the Grinnell note, sold by Barney Bluestone, in November 1944, and it was subsequently owned by F.C.C. Boyd, Robert Friedberg, and Amon Carter. An incredibly important piece, and the first opportunity in decades for any collector to add a Fr. 191 to his holdings." Since its last offering, it has been PMG graded. They have commented "Great Margins, Minor Restoration". We missed the restoration last time out, but it appears to be a short closed split in the bottom margin that affects blank paper only. The last two times out this note realized $57,750 (January 2001) and $69,000 (February 2005). With the current emphasis on rarity and with this piece's tremendous eye appeal, we would not be surprised if it reaches the six-figure mark.

15613

Fr. 196a $10 1863 Interest Bearing Note PCGS Very Fine 25. Four previous pedigrees appear on the PCGS holder for this handsome and scarce Interest Bearing Note. It reads, "ex:Grinnell; Boyd; Friedberg; Carter." The paper is solid, and the details remain bold and unaffected by the few folds that account for the grade.

15614

Fr. 197a $20 1863 Interest Bearing Note Fine-Very Fine. This Interest Bearing Note first appeared in our 2005 FUN Signature Auction as part of the Malcolm Trask Collection, where the description stated, "Free of major restorations" and went on to mention, "a number of short edge splits, three of which are checked with transparent tape." That description ended by mentioning, "The note could be much improved with a little proper modern care." The buyer employed the assistance of a professional, who carefully and painstakingly provided the care this piece so desperately needed. While the grade remains the same, the previously unsightly edge splits are virtually invisible, the tape is gone and the overall appearance is much improved. The note has an illustrious pedigree, including both Malcolm Trask and Grinnell.

15615

Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 45 EPQ. With its unusual design and size, these Refunding Certificates have always been popular as type notes. This interesting note was issued in an attempt to give the average citizen an opportunity to own government securities. Refunding Certificates were issued with interest accruing at four percent with no definite redemption date stated, providing an inducement to hold the notes and not cash them in. In 1907, the interest was stopped and the value set at $21.30. After that date, most were redeemed and they are quite scarce today.

15616

Fr. 214 $10 1879 Refunding Certificate PMG Choice Fine 15 Net. This is an affordable example of this scarce and unusual design type, with plenty of eye appeal for the grade. A small split at the center fold has been professionally closed, but the overall appearance is outstanding for the grade. An impressive note that will enhance any circulated type collection.

15617

Fr. 215 $1 1886 Silver Certificate CGA Gem Uncirculated 67. The surfaces appear as original as the day this piece was printed. Deep, flashy colors provide great eye appeal.

15618

Fr. 215 $1 1886 Silver Certificate CGA About Uncirculated 50. Bright colors and a deeply printed back design add to the eye appeal of this issue that sports a centerfold.

15619

Fr. 215 $1 1886 Silver Certificate Extremely Fine-About New. Problem free and nicely margined with bold color for the grade.
From The John Ameen Collection

15620

Fr. 216 $1 1886 Silver Certificate PMG Choice Uncirculated 63 EPQ. The artfully engraved, closed back design is well centered, with three large margins. The face design is a touch high, but does not detract from the overall depth of the printed details.

15621

Fr. 216 $1 1886 Silver Certificate PCGS New 62PPQ. Margins commensurate with a Gem designation frame this lightly handled issue. The back design is bold and complements the overall eye appeal of the note.
From The Drew Keough Collection

15622

Fr. 216 $1 1886 Silver Certificate PMG About Uncirculated 55 EPQ. A bright well-margined example of this considerably scarcer Friedberg number. This Small Red Seal Martha is a two-number type with over 400 Fr. 215s known, but only about 200 Fr. 216s.

15623

Fr. 216 $1 1886 Silver Certificate PMG Very Fine 25. Solid paper and large, even margins are noted on this mid-grade Martha.
From The Warren Marshall Collection

15624

Fr. 217 $1 1886 Silver Certificate PMG Choice Uncirculated 64 EPQ. PMG has graded nine examples of Fr. 217 at the 64 EPQ level, with only six pieces higher. Fr. 217 is a slightly less common Martha number, and this nicely centered piece is a fine example. With slightly better paper color, this one could have been a 66.
From The John Ameen Collection

15625

Fr. 217 $1 1886 Silver Certificate CGA Extremely Fine 45. This deeply printed Martha boasts all the eye appeal of a full AU or better piece with bright overall colors and solid margins.

15626

Fr. 218 $1 1886 Silver Certificate PCGS Very Choice New 64PPQ. A slightly larger top margin would have certainly resulted in a full Gem grade as three of the margins are behemoth in size.

15627

Fr. 218 $1 1886 Silver Certificate Very Choice New. The centering is almost perfect on this gorgeous Martha Washington note. The colors are bright and bold, and the overall aesthetic appearance is wonderful. This note will please even the most discriminating buyer.

15628

Fr. 219 $1 1886 Silver Certificate CGA Extremely Fine 45. This bright Martha is nicely centered and well margined.

15629

Fr. 220 $1 1886 Silver Certificate PMG Choice Uncirculated 64 EPQ. Nice margins are displayed on the face of this pleasing example, while the back centering keeps this note from the Gem grade. It's a deeply embossed example which will certainly achieve a strong price.

15630

Fr. 220 $1 1886 Silver Certificate Very Fine-Extremely Fine. Wholly original with wonderful color. This Large Brown Seal Martha is just a drop short of the full XF grade.

15631

Fr. 222 $1 1891 Silver Certificate PMG Gem Uncirculated 65 EPQ. Fr. 222 is much the scarcer of this two-number type. The disparity in availability is way out of proportion to the disparity in price making high-end Fr. 222 a likely target for the collector looking for sleeper notes. This one is a wholly original beauty with all the positive features one would expect on a 65 EPQ example.

15632

Fr. 222 $1 1891 Silver Certificate PMG Choice Uncirculated 64 EPQ. Fr. 222 is by far the scarcer note of this two-number type. It's outnumbered in the census over three to one by its type-mate, Fr. 223. And CAA's numbers show an even greater disparity: we've sold 26 Fr. 222's and 135 Fr. 223's. The paper originality is plainly evident on this scarce note, and it would have likely graded higher with a touch more top margin at the right end.
From The John Ameen Collection

15633

Fr. 222 $1 1891 Silver Certificate Very Fine. Perfectly original, this high-end Very Fine would be an ideal example of the grade save for a light stain at the upper left, which is wholly in the margin. Fr. 222 is the much scarcer signature combination of this two-number type.

15634

Fr. 223 $1 1891 Silver Certificate CGA Gem Uncirculated 67. Nice attractive rippling and deep embossing are noted on this high grade Martha.

15635

Fr. 223 $1 1891 Silver Certificate CGA Gem Uncirculated 65. Pleasing paper waves are noted in the holder. The margins are especially broad on three sides and fully sufficient for a Gem grade on the fourth.

15636

Fr. 223 $1 1891 Silver Certificate Courtesy Autograph PMG Choice Uncirculated 64 EPQ. We once again have the pleasure of offering this gorgeous courtesy autographed Martha that is now third-party graded. Former Treasurer of the United States, D.N. Morgan (1893-97), autographed this note above his signature on the face. He also added additional presentation lines with the date of April 15, 1929 and location of Bridgeport, Connecticut on the back. Included with this note is a registered mail envelope sent from the Treasury Department to Mr. Morgan and it is dated April 12, 1929. This is apparently the envelope that delivered this note to Mr. Morgan. Both the note and the envelope are contained in the third-party holder.

15637

Fr. 223 $1 1891 Silver Certificate PCGS Very Choice New 64. The paper texture is most pleasing and the margins are certainly sufficient for a full Gem grade.

15638

Fr. 223 $1 1891 Silver Certificate PMG Choice Uncirculated 63. A really good looking Martha that has even margins and radiant color.

15639

Fr. 223 $1 1891 Silver Certificate Extremely Fine-About New. Three light folds are nearly invisible on this broadly margined 1891 Martha.

15640

Fr. 223 $1 1891 Silver Certificate PMG Choice Extremely Fine 45. Original surfaces are noticed beneath the holder on this brightly hued, lightly tri-folded Martha.

15641

Fr. 223 $1 1891 Silver Certificate PMG Extremely Fine 40. A couple of pinholes have infiltrated the surface of this lovely eye appealing Martha.

15642

Fr. 223 $1 1891 Silver Certificate Extremely Fine. Three folds is what keeps this broadly margined issue out of an uncirculated grade. It may have been passed in circulated once or twice, if at all.

15643

Fr. 223 $1 1891 Silver Certificate Very Fine. This note is at the upper end of Very Fine, with original embossing still showing. There is, however, a spot of ink at the upper right on the back.

15644

Fr. 224 $1 1896 Silver Certificate PCGS Superb Gem New 67PPQ. Bold embossing is seen in the deeply and ornately printed back design. The margins are even and especially large for an Educational Ace. It is interesting to note that the last Superb example to be offered at public auction was in last year's September Long Beach Signature Auction as part of a cut sheet.

15645

Fr. 224 $1 1896 Silver Certificate PMG Gem Uncirculated 66 EPQ. This piece comes from the Stella Collection, which we sold in January of this year. It's a bright and broadly margined specimen which richly deserves the PMG Gem Uncirculated 66 EPQ designation it received. This example realized over $6000 when last offered, and, with similarly graded notes bringing prices in excess of that amount in recent months, a similar if not higher realization is likely in order this evening.

15646

Fr. 224 $1 1896 Silver Certificate PMG Gem Uncirculated 66 EPQ. Quite possibly the most popular Large Size Type Note, and, luckily for collectors, a note that is readily available in Uncirculated condition. At the very upper end of the grade scale, however, these become far less common. This one appears to have earned every point.

15647

Fr. 224 $1 1896 Silver Certificate PMG Gem Uncirculated 66 EPQ. The margins are not perfectly even, but they are more than large enough all around to support the grade. Although not truly rare at this level, demand is so strong that the price levels are not only sustainable, but are constantly on the rise.

15648

Fr. 224 $1 1896 Silver Certificate CGA Gem Uncirculated 66. Sufficient margins for the grade are noted on all four sides. The overprint is bold and the paper is bright.

15649

Fr. 224 $1 1896 Silver Certificate PMG Gem Uncirculated 65 EPQ. This perfectly margined Educational Ace may well have been a Superb Gem if it were just a touch brighter.
From The Warren Marshall Collection

15650

Fr. 224 $1 1896 Silver Certificate PCGS Very Choice New 64PPQ. Nice centering and powerful inks on this ever popular "History Instructing Youth" design. Decent margins and plenty of embossing also attest to the originality of this note.

15651

Fr. 224 $1 1896 Silver Certificate PMG Choice Uncirculated 64 EPQ. Nice margins are noticed on this ever popular design type. Plenty of embossing remains to attest to the originality of this note.
From The Warren Marshall Collection

15652

Fr. 224 $1 1896 Silver Certificate PMG Choice Uncirculated 64. A tad tight at the upper left of the top, likely accounting for the grade. We're not sure why the EPQ grade is lacking here, as the originality can be seen through the holder. The market seems more than ready to absorb all the $1 Educationals that come along.

15653

Fr. 224 $1 1896 Silver Certificate PMG Choice About Unc 58 EPQ. Some handling is detected on this bright and deeply inked Educational ace.

15654

Fr. 224 $1 1896 Silver Certificate PMG About Uncirculated 50. This otherwise uncirculated note shows a couple of folds at the right end of the note.

15655

Fr. 224 $1 1896 Silver Certificate PCGS About New 50. A bright and well centered $1 Educational that comes close to the uncirculated category and yet does not quite make it.

15656

Fr. 224 $1 1896 Silver Certificate About New. Technically Unc, but there are a number of minor glue spots on the back. Possibly improvable. This piece will likely realize the price of an XF.

15657

Fr. 224 $1 1896 Silver Certificate PMG Choice Extremely Fine 45 EPQ. Three vertical folds account for the grade on this otherwise eye appealing Educational ace.

15658

Fr. 224 $1 1896 Silver Certificate PMG Choice Extremely Fine 45 EPQ. A lone center fold and two corner folds are the only grade limiting factors visible through the third party holder. The deeply embossed serial numbers add to the originality of this note that easily earned the Exceptional Paper Quality designation.

15659

Fr. 224 $1 1896 Silver Certificate Very Fine-Extremely Fine. This $1 Ed is at the upper end of the VF grade. It is bright, fresh, wholly original, and very attractive.

15660

Fr. 224 $1 1896 Silver Certificate Very Fine-Extremely Fine. This broadly margined $1 Ed has two closed pinholes and some very minor staining in the bottom margin. Near the full XF grade.

15661

Fr. 224 $1 1896 Silver Certificate PCGS Very Fine 35PPQ. Wholly original paper shows some light folds and absolutely no distractions.

15662

Fr. 224 $1 1896 Silver Certificate PMG Very Fine 30. All the printed details are bold and uninterrupted by the folds that account for the grade. The margins are solid, though the paper is a touch toned.
From The John Ameen Collection

15663

Fr. 224 $1 1896 Silver Certificate Very Fine. Evenly circulated with terrific margins and no problems at all. A nice representative one dollar Educational in all respects.

15664

Fr. 224 $1 1896 Silver Certificate Fine. An evenly circulated example of this popular design that has a couple minor nicks.

15665

Fr. 225 $1 1896 Silver Certificate PCGS Gem New 66PPQ. The margins exhibited on this note are far larger than usually seen for the type. They are in fact, sufficient for a full Superb grade, though the back is centered a touch too high for such a lofty grade.

15666

Fr. 225 $1 1896 Silver Certificate Extremely Fine-About New. The first in a consecutive pair of notes, each with three vertical folds and the eye appeal of a new note.
From The John Ameen Collection

15667

Fr. 225 $1 1896 Silver Certificate Extremely Fine-About New. A pleasing note consecutive to the one above and every bit as nice.
From The John Ameen Collection

15668

Fr. 225 $1 1896 Silver Certificate PCGS Very Fine 20. Pleasing paper quality is noted on this distraction-free note.

15669

Fr. 226 $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. The first of the Black Eagle Aces and an unusually nice example with ideal colors, broad even margins, plainly evident paper originality, and loads of eye appeal. This first number of 1899 Ones is a minor one-number type with the "Series of 1899" appearing above the right-hand serial number.

15670

Fr. 226 $1 1899 Silver Certificate CGA Gem Uncirculated 66. The paper waves are in all the right places on this attractive Black Eagle.

15671

Fr. 226 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. Not much can be improved upon as this Black Eagle is as original as they come. Nicely margined with excellent centering worthy of the assigned grade.

15672

Fr. 226 $1 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. The back centering looks like what has kept this note from the Gem grade.

15673

Fr. 226a $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. Breathtaking color coupled with wonderful original surfaces are features of a Black Eagle certain to please its new owner.

15674

Fr. 226a $1 1899 Silver Certificate PCGS Superb Gem New 67PPQ. This is the finest of four notes from a cut sheet, where the grades were 67PPQ, 66PPQ, 65PPQ and 64PPQ. We are offering these notes in separate lots, but together they make an intriguing and informative grading set. This note is, as the holder might suggest, a perfectly centered and blazingly original example, fully equal to the two PCGS 67PPQ notes sold in our last two sales, each of which realized between $2500 and $2800.

15675

Fr. 226a $1 1899 Silver Certificate PCGS Gem New 66PPQ. Just a hair less perfectly centered than the PCGS 67PPQ example above, and consecutive to it. It's fully embossed and screamingly original, as are all four pieces from this cut sheet.

15676

Fr. 226a $1 1899 Silver Certificate PCGS Gem New 65PPQ. The Gem New 65PPQ example from this cut sheet which could well, in our humble opinion, gone into a 66 holder...it's that nice.

15677

Fr. 226a $1 1899 Silver Certificate PCGS Very Choice New 64PPQ. The last note from this cut sheet, with this piece, the "A" position note, possessing a large top margin and a rather thin bottom border.

15678

Fr. 227 $1 1899 Silver Certificate PCGS Gem New 66PPQ. Fresh paper waves and broad margins give this scarcer Friedberg number all the eye appeal of a Superb Gem.

15679

Fr. 227 $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. An example worthy of your consideration as the surfaces are near perfect.

15680

Fr. 227 $1 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. A serial number 2 example with terrific color, and good, original embossing. Fr. 227 is a much scarcer Black Eagle Friedberg number--particularly in the higher grades. Single-digit examples have been commanding very strong prices and this strikingly attractive piece should create considerable interest.

15681

Fr. 227 $1 1899 Silver Certificate PCGS Very Choice New 64PPQ. Deep blue serial numbers and seal are boldly embossed on this wavy and original near-Gem.

15682

Fr. 228 $1 1899 Silver Certificate PCGS Superb Gem New 67PPQ. Incredible face margins, along with strong color, and readily apparent original embossing all combine on this Superb 1899 Ace.

15683

Fr. 228 $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. Another lovely original Black Eagle in a pleasing almost superb grade.

15684

Fr. 228 $1 1899 Silver Certificate CGA Gem Uncirculated 66. All the right paper waves are in all the right places. The embossing is bold to boot.

15685

Fr. 228 $1 1899 Silver Certificate CGA Gem Uncirculated 66. A pleasing Black Eagle that has thick side margins.

15686

Fr. 228 $1 1899 Silver Certificate PCGS Gem New 65PPQ. Deep embossing of the seal and serial numbers is noted on back. The margins are sufficient for a Gem grade and frame the deeply printed devices.
From The Walla Walla Collection

15687

Fr. 228 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. A thin margin along the bottom of this original Black Eagle keeps it from a higher grade.
From The John Ameen Collection

15688

Fr. 228 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. Consecutive to the note below, this strongly embossed example should delight its new owner.

15689

Fr. 228 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. This gorgeous Black Eagle returns to the market after being in a long held collection.

15690

Fr. 228 $1 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. Strict originality is noticed on this nicely margined Black Eagle.

15691

Fr. 228 $1 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. Another lovely Black Eagle kept from a higher grade due to a low back.

15692

Fr. 228 $1 1899 Silver Certificate PCGS New 61PPQ. The grade limiting factor on this fully margined issue is not readily apparent.

15693

An Original Cut Sheet. Fr. 228 $1 1899 Silver Certificate Notes Extremely Fine. This attractive cut sheet shows original paper and deep embossing on each note. There are however, three folds on each piece accounting for the grade.

15694

Fr. 229 $1 1899 Silver Certificate PCGS Gem New 66PPQ. Perfectly centered on both sides among outsized margins. The note boasts deep original embossing, sharp printing quality, and terrific eye appeal.

15695

Fr. 229 $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. Broad margins are the mainstay of this eye appealing Black Eagle's good looks.

15696

Fr. 229 $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. Three margins are especially broad for the issue. The fourth is solid and certainly sufficient for a Gem grade. Overall, the paper quality, depth of the overprint, and embossing are all perfectly original.

15697

Fr. 229 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. This widely margined Black Eagle would make a great mate to the Fr. 229a below.

15698

Fr. 229a $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. The rarest of the Black Eagles in a seldom seen grade. A little over 100 examples are known for this Vernon/McClung Date Right issue with not many as colorful or original as this one. The last few notes of this caliber realized over $20,000 at auction over two years ago. Simply stunning surfaces and deep inks should easily propel this note past that figure, given the demand for quality and rarity in the large-size collecting arena.

15699

Fr. 229a $1 1899 Silver Certificate PMG Extremely Fine 40. This picture perfect Extremely Fine has all the eye appeal one would want from a lightly circulated issue. The paper is bright, the oveprint midnight blue, and the margins broad.

15700

Fr. 229a $1 1899 Silver Certificate PMG Fine 12. This Fr. 229a number is a favorite of Black Eagle collectors. The folds are a touch heavy, though none compromises the paper or overall appeal of this type note.

15701

Fr. 230 $1 1899 Silver Certificate Star Note PCGS Superb Gem New 68PPQ. The nicer of a consecutive pair never offered together until tonight. An absolutely great Star that earned its PPQ modifier with its embossing, natural paper ripple, and full margins. Add in the blue overprint laying on white paper and you have one quality Black Eagle star. It is the only Black Eagle star carrying the Superb Gem New 68 grade we know of from either major grading service, and it may well retain that position for many years to come. We sold this piece back in September of 2006 for $18,400, and it certainly is worth every dollar of that and more today.

15702

Fr. 230 $1 1899 Silver Certificate Star Note PCGS Superb Gem New 67PPQ. This fully embossed, totally original Black Eagle Star with wide margins for the type comes from a run of CU examples as listed in the Murray census. It is the sheetmate of the example graded 68PPQ that is offered above and very nearly as nice. It will be quite some time before a consecutive pair of this caliber appear together again. We sold this piece in January of 2007, when it realized $17,250, a number it should certainly reach again this evening.

15703

Fr. 230 $1 1899 Silver Certificate CGA Gem Uncirculated 68. Solid margins, bold embossing and pleasing paper waves are noted on this Napier-McClung Black Eagle.

15704

Fr. 230 $1 1899 Silver Certificate PCGS Superb Gem New 67PPQ. Broad margins all the way around along with excellent color, and easily seen deep original embossing, all highlight this 1899 Single which certainly appears to have earned its Superb PPQ grade.

15705

Fr. 230 $1 1899 Silver Certificate PCGS Choice New 63PPQ. Black Eagles of this Friedberg number are elusive in the new grades. A pleasing well margined note.

15706

Fr. 231 $1 1899 Silver Certificate Serial Number 5 PCGS Gem New 65PPQ. This Serial Number 5 Napier-Thompson note is utterly fresh, with deep, original embossing, huge margins, ideal color and all the attributes required for the Gem New 65 grade noted on the holder. This is the lowest number ever to appear at public auction. A cut sheet bearing serial numbers 1-4 does exist, but it has never been offered at public sale and its whereabouts are currently unknown. This is a rare signature combination in its own right, but with this most desirable single digit number it is sure to generate much bidder interest, with a likely realization in the range of...

15707

Fr. 231 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. A scarce Napier-Thompson example which displays bold color and huge margins along with wonderful centering. This Friedberg number does not turn up very often and is the scarcest Black Eagle other than the Fr. 229a.

15708

Fr. 232 $1 1899 Silver Certificate PCGS Gem New 66PPQ. Fresh paper waves are easily seen through the holder. The last example of this Friedberg Number that we handled in the same grade realized $1150.

15709

Fr. 232 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. A nicely centered note which maintains wonderful color.

15710

Fr. 233 $1 1899 Silver Certificate PCGS Gem New 66PPQ. Beautifully centered and with the bright fresh look that one would expect for a PCGS 66EPQ. Hard to find this nice.
From The Walla Walla Collection

15711

Fr. 233 $1 1899 Silver Certificate CGA Gem Uncirculated 66. Embossing of the serial numbers is plainly evident on the back of the note.

15712

Fr. 233 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. Solid margins surround this attractive and wholly original Black Eagle. Deep original embossing is also noted through the holder.

15713

Fr. 233 $1 1899 Silver Certificate PCGS Gem New 65PPQ. The margins are fully sufficient, though top to bottom are a little uneven. Embossing of the overprint is bold and is easily seen in the holder.

15714

Fr. 233 $1 1899 Silver Certificate PCGS Gem New 65PPQ. The overprint is bold and the paper waves remain.

15715

Fr. 233 $1 1899 Silver Certificates Cut Sheet of Four PCGS Gem New 65. A lovely quartet of well margined and fresh Black Eagles from the Y-Y block, carrying serial number 61, 62, 63, 64.

15716

Fr. 233 $1 1899 Silver Certificates Cut Sheet of Four PCGS Gem New 65. This cut sheet of Black Eagles sports low serial numbers Z61Z through Z64Z. The inks are still dark after all of these years as this cut sheet is brought to auction for the very first time. Natural paper ripple can also be seen on the back of each note in the area of the top margin. This is a superior cut sheet for this Friedberg number.

15717

Fr. 233 $1 1899 Silver Certificate PCGS Very Choice New 64PPQ. Strike through embossing of the serial numbers is noted on this Black Eagle with all the right paper waves in all the right places.

15718

Fr. 233 $1 1899 Silver Certificate PMG Choice Uncirculated 64. Deep inks are noticed on this note with some embossing present.

15719

Fr. 233 $1 1899 Silver Certificate PMG Choice About Unc 58 EPQ. This well embossed and wholly original piece has a light corner fold at lower right.

15720

Fr. 233 $1 1899 Silver Certificate Star Note PMG Very Fine 30 EPQ. Black Eagle replacements are soaring in popularity since the new Murray book has been released. After a 17 year hiatus this note once again becomes available to collectors.
From The Drew Keough Collection

15721

Fr. 234 $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. This Black Eagle has withstood the test of time by remaining virtually flawless with plenty of eye appeal.
From The Warren Marshall Collection

15722

Fr. 234 $1 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. Pristine, no-problem surfaces are noticed on this strongly embossed Black Eagle.

15723

Fr. 235 $1 1899 Silver Certificate CGA Gem Uncirculated 67. Punch through embossing of the serial numbers is noted on the back of this Superb Black Eagle.

15724

Fr. 235 $1 1899 Silver Certificate Serial Number 1 PCGS Very Choice New 64PPQ. A lovely example of a serial number 1 Black Eagle. The note is broadly margined with terrific color, ideal centering, and embossing that can be easily seen through the third party holder. Track & Price does not list serial number 1 examples from any of the blocks in its auction census for this Friedberg number. There is a serial number 1 example in the Smithsonian, which is part of a cut sheet. Serial number 1 type notes have always been popular, and in recent years that popularity has almost become a frenzy. We would not be at all surprised to see this handsome example reach or exceed...

15725

Fr. 235 $1 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. Solid margins are noted on all sides and a view of the back reveals fully embossed serial numbers.

15726

Fr. 235 $1 1899 Silver Certificate PMG Choice Uncirculated 63. A pleasing Black Eagle with a matched ending serial number.

15727

Fr. 235 $1 1899 Silver Certificate Star Note PMG Choice About Unc 58 EPQ. A center fold is noticed on this premium example which serves up plenty of embossing.

15728

Fr. 236 $1 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. The even two-digit T30A serial number considerably enhances the value of this high grade Black Eagle Ace.
From The Drew Keough Collection

15729

Fr. 236 $1 1899 Silver Certificate CGA Gem Uncirculated 66. All the right paper waves are noted in all the right places. The boldly embossed serial numbers and overprint are plainly visible on the back of the note.

15730

Fr. 236 $1 1899 Silver Certificate CGA Gem Uncirculated 66. A broadly margined ace with bright color and broad margins all around. Notes in certified grades higher than 65 continue to be under intense buying pressure. This pleasing "Mark of the Beast" Eagle example carries serial number 666. It would make an interesting pair with the National from Seattle we offer with the same number.

15731

Fr. 236 $1 1899 Silver Certificate CGA Gem Uncirculated 66. This wavy piece boasts the two digit serial number X55A.

15732

Fr. 236 $1 1899 Silver Certificate CGA Gem Uncirculated 66. Cavernous embossing is noted on all of the third printing details.

15733

Fr. 236 $1 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. A touch of tightness along the bottom margin keeps this Black Eagle from the Superb Gem grade.

15734

Fr. 236 $1 1899 Silver Certificate CGA Gem Uncirculated 65. Five digits of solid eights are a highlight on this broadly margined Gem. This piece traces its pedigree to Harry Bass and has been unavailable to collectors since 1999.

15735

Fr. 236 $1 1899 Silver Certificate PCGS Very Choice New 64PPQ. Two digit serial number N90A is noticed on this vibrant Black Eagle.

15736

Fr. 236 $1 1899 Silver Certificate PCGS Very Choice New 64. Solid, Gem quality margins are noted on his Black Eagle with a popular two digit serial number X24A.

15737

Fr. 236 $1 1899 Silver Certificate Very Choice New. A lovely example which displays full original embossing, bright white paper, and perfectly natural surfaces.

15738

Fr. 236 $1 1899 Silver Certificate PMG Choice Uncirculated 64. A nicely margined Black Eagle from the M-A block.

15739

Fr. 236 $1 1899 Silver Certificate PCGS Choice New 63. Solid margins frame this deeply printed issue.

15740

Fr. 236 $1 1899 Silver Certificate PMG Uncirculated 62. Embossing and natural paper surfaces are viewed through the third-party holder. The edges do show some handling.

15741

Fr. 236 $1 1899 Silver Certificate PCGS New 62. A light fold runs through the broad left margin of this Black Eagle. It is, however, completely clear of the deeply embossed design. The margins are fully sufficient for a Gem.

15742

Fr. 237 $1 1923 Silver Certificates Cut Sheet of Four PCGS Gem New 66PPQ (3) & Gem New 65PPQ. This lovely quartet carries serial number 89, 90, 91, and 92. These two digit notes are very original with monstrous embossing detected along with bright inks.

15743

Fr. 237 $1 1923 Silver Certificate Star Note PCGS Gem New 66PPQ. Broad margins are noticed on this popular Replacement. The current value in the new Murray book is $1200 in CU. Expect to see that figure as more of a starting point for this lovely note.

15744

Fr. 237 $1 1923 Silver Certificate PMG Gem Uncirculated 65 EPQ. Six threes are seen in the middle of this Fancy Serial Number ace.

15745

Cut Sheet Fr. 237 $1 1923 Silver Certificates CGA Gem Uncirculated 65. This fascinating cut sheet features the serial numbers Z99999937B through 40B. Its first appearance at auction was as lot 745 in the Albert A Grinnell Sale in 1945 where it was described, "Sigs. Speelman and White, attractive numbers on this very scarce cut sheet, 99999937 to 99999940, Unc. Crisp." While the block letters were not added to the description, a quick survey of the census indicates these serial numbers are not known for any other blocks and thus must be the notes from the famed Grinnell collection. In that sale, the sheet realized $15. The notes are bright and crisp though the paper is a bit subdued on the top margin of each piece.

15746

Fr. 237 $1 1923 Silver Certificate Low Serial Number Gem New. Low serial number A211B enhances the eye appeal of this deeply punched, well centered gem.

15747

Fr. 237 $1 1923 Silver Certificates Consecutive Pair Gem New. Serial numbers B40000001D and B40000002D are seen on this nicely centered and strongly embossed pair.
From The Drew Keough Collection

15748

Fr. 237 $1 1923 Silver Certificate Star Note PMG Extremely Fine 40 EPQ. Deep embossing and wholly original paper are noted on this Star. A mere three bends are responsible for the grade.

15749

Fr. 237 $1 1923 Seven Consecutive Silver Certificates Extremely Fine. All share the same very light folds, but all, save one, are decently margined, problem-free consecutive notes. The final piece has two light stains.

15750

Fr. 238 $1 1923 Silver Certificate PMG Gem Uncirculated 65 EPQ. A nice representative of this less common signature combination.
From The John Ameen Collection

15751

Fr. 238 $1 1923 Silver Certificate Star Note PMG Choice Uncirculated 64 EPQ. Fresh original paper waves are noted on this high grade star.

15752

Fr. 239 $1 1923 Silver Certificate CGA Gem Uncirculated 66. This broadly margined Silver Ace boasts the ever popular Woods-Tate signature combination. The paper waves and embossing are evident through the holder.

15753

Fr. 239 $1 1923 Silver Certificate PMG Gem Uncirculated 65 EPQ. While certainly not rare in any real sense, with about 200 examples known, this is by far the rarest of the 1923 Ones. There are over 2,500 Fr. 237's and just over a thousand Fr 238's. This number, while outnumbered ten to one by Fr. 237, does not have its true scarcity reflected in its price. A really nice example, with great color and easily seen paper originality.
From The John Ameen Collection

15754

Fr. 239 $1 1923 Silver Certificate PMG Choice Uncirculated 64 EPQ. All the attributes of a fully Gem note held back by a bit of skew on the back. Bright and strongly embossed, this note should be a welcome addition to any collection.

15755

Fr. 239 $1 1923 Silver Certificate PMG About Uncirculated 55 EPQ. An attractive, well margined example from this tougher issue for the series.

15756

Fr. 240 $2 1886 Silver Certificate PMG Choice Fine 15. Problem-free, fully detailed and bright notes such as this tend to attract a lot of attention. This piece is a poster child for the perfect Fine grade.

15757

Fr. 241 $2 1886 Silver Certificate CGA Gem Uncirculated 66. A much tougher Hancock Deuce, with fewer than 100 examples known in all grades combined, and very few of them at the top end. The note has generous, even margins, excellent color and great eye appeal.

15758

Fr. 241 $2 1886 Silver Certificate PMG Choice Very Fine 35. Nicely margined and showing lightly handled surfaces.
From The Warren Marshall Collection

15759

Fr. 242 $2 1886 Silver Certificate PCGS Superb Gem New 67PPQ. A real standout of a Hancock Deuce, with huge, even margins, ideal centering of both sides, deep original embossing and the boldest, most perfect colors that anyone could ever hope for. This type does come nice, and we've handled a number of Superb pieces, but none were markedly superior to this flashy beauty. We sold a piece just a touch better, a PCGS 68, in April 2006 for $18,400. This note will not quite reach that level, but it may well take a run at it.

15760

Fr. 242 $2 1886 Silver Certificate PCGS Gem New 66PPQ. A wonderful Hancock Deuce that is widely margined and strongly embossed with excellent color. Fully fresh with the quality many of these notes lack. A note that is sure to impress.

15761

Fr. 242 $2 1886 Silver Certificate CGA Gem Uncirculated 66. Beautifully bright colors with exceptional margins along with embossing that can be seen through the holder, all give the impression that CGA was right on the mark with their 66 grade designation.

15762

Fr. 242 $2 1886 Silver Certificate PMG Gem Uncirculated 65 EPQ. A brightly colored example with clearly evident paper originality and excellent eye appeal. A most attractive example of this always-popular "Mustache Note," featuring the portrait of Civil War General Winfield Scott Hancock.
From The John Ameen Collection

15763

Fr. 242 $2 1886 Silver Certificate PMG Choice Uncirculated 64 EPQ. This wonderfully original Hancock remains attractive and bright. Overall, the eye appeal is most pleasing with nice margins noticed. A little better back centering would have locked in the Gem designation. The holder incorrectly identifies the note as a Fr. 241. This minor error will be fixed free of charge by PMG.
From The Warren Marshall Collection

15764

Fr. 242 $2 1886 Silver Certificate PMG Choice Uncirculated 64 EPQ. A glorious Hancock displaying deep, original embossing along with bright, fresh color. If the top margin were just a tad broader, the note would be a blazing Gem. As it lays, it's still a premium piece worthy of your consideration.
From The Drew Keough Collection

15765

Fr. 242 $2 1886 Silver Certificate PCGS Choice New 63PPQ. This example comes from the run that has supplied generations of collectors with uncirculated Hancock deuces. It is bright and appears fully original through the PCGS holder, with only its slightly skimpy top margin holding it back from a substantially higher grade.

15766

Fr. 242 $2 1886 Silver Certificate PCGS New 61. This piece has a great overall appearance with boldly printed details. A small stain is noted, but is well hidden in the design.

15767

Fr. 242 $2 1886 Silver Certificate CGA About Uncirculated 55. This well margined deuce is bright with ample color and a light center bend that accounts for the grade.

15768

Fr. 242 $2 1886 Silver Certificate PMG Fine 12. Even circulation is noticed on this well centered Hancock.

15769

Fr. 243 $2 1886 Silver Certificate PCGS Extremely Fine 40PPQ. This pretty, lightly circulated Hancock Deuce has a few light folds but no other mentionable flaws. It is well centered and broadly margined, and it has solid eye appeal for the grade. A difficult type to acquire in upper circulated grades.

15770

Fr. 245 $2 1891 Silver Certificate PMG Superb Gem Unc 67 EPQ. Even though third party grading has been around for a few years, it can still be considered somewhat new to the scene. As with all new markets, trends appear and pricing anomalies follow. Windom notes in high-end PCGS and PMG holders have been selling for less money than Hancock's in the same grades. Even though the Green Sheet shows Windom's with a slight edge ($6,250 in 65; $11,500 in 67) over Hancock's ($5,500 in 65; $10,500 in 67), the actual market, which is far higher than the Green Sheet, values Hancock's over Windom's. PCGS has not published its population reports for currency yet. However, PMG has and the numbers are likely comparable. PMG shows the following numbers for Hancock's: 65 (23), 66 (19), 67 (5), 68 (2). And for Windom's: 65 (5), 66 (12), 67 (10), 68 (0). Both the price structure and the census figures will change over time, but the current figures are clearly an anomaly. This cataloger has handled easily ten times as many Superb Hancock's as Windom's over the years. Windom's being far rarer than Hancock's in 65, but more common in 67 is simply nuts. The lesson here, if there is one, is that careful studying of market trends presents potential opportunities. This 67PPQ Windom, which will almost certainly sell for under $20,000, is an opportunity.

15771

Fr. 245 $2 1891 Silver Certificate PMG Gem Uncirculated 65 EPQ. A number of notes have survived from this first pack of William Windom Deuces. This one, Serial Number E58, is new to the census, as are many of the notes from Mr. Ameen's collection. Most of these notes were put away decades ago, and very few pieces from his collection appear in the various databases. This one is a beauty with the incredibly fresh paper color and the blood-red seal associated with the finest examples of Windom notes. PMG notes "Ex: Donlon" on the holder. Many of John Ameen's notes came through that pioneering Utica, NY dealer in the 1960s. Second guessing the grading services can be a bit of a trap, but we sure don't see why this gorgeous note was not a 66 or 67. Pristine!
From The John Ameen Collection

15772

Fr. 245 $2 1891 Silver Certificate CGA Choice Uncirculated 63. A well-margined Windom, with strong color and original paper quality that can be easily viewed through the third-party holder.

15773

Fr. 245 $2 1891 Silver Certificate Choice About New. Save for a broad corner fold at the upper left, this Windom Deuce is a real Gem. It has excellent centering, including the ultra-wide side margins that are occasionally seen on this type. The note also has all its original paper surfaces, including deep serial number embossing. The colors are perfect, and the eye appeal is equal to that found on full Gem examples.

15774

Fr. 246 $2 1891 Silver Certificate PCGS Superb Gem New 67PPQ. A second 67 Windom from the same consignor. This is the other Friedberg number as well as the other grading service. An underrated type at this grade level and a note that could and should easily reach $20,000.

15775

Fr. 246 $2 1891 Silver Certificate PCGS Extremely Fine 40. Three vertical folds and some handling are the only detriments on this bright and colorful Windom.

15776

Fr. 246 $2 1891 Silver Certificate PMG Extremely Fine 40. The wear certainly agrees with the assigned grade on this high end Windom.
From The Warren Marshall Collection

15777

Fr. 246 $2 1891 Silver Certificate PMG Very Fine 25. Bright paper, colorful details, and broad margins add to the overall eye appeal of this Deuce.

15778

Fr. 247 $2 1896 Silver Certificate PCGS Gem New 65PPQ. Excellent margins enhance this exceptional Educational Deuce that is also blessed with near-perfect centering, rich inks, and pristine paper quality. The embossing is fully evident on not only the serial numbers but also on other parts of the design, a fact that signifies complete originality. This lovely note should result in strong competition among high grade type collectors.

15779

Fr. 247 $2 1896 Silver Certificate PMG Choice Extremely Fine 45 EPQ. A nicely centered, solid XF Educational Deuce with bright color. Fresh, original surfaces are more than noticeable beneath the holder.
From The Warren Marshall Collection

15780

Fr. 247 $2 1896 Silver Certificate PMG Choice Extremely Fine 45 EPQ. An extremely well margined, lightly handled example of this popular denomination. Bright surfaces and deep, full inks combine to provide the successful bidder with a lovely mid-grade deuce.

15781

Fr. 247 $2 1896 Silver Certificate PMG Extremely Fine 40. A broadly margined, brightly inked note exhibiting three vertical folds and some light handling.
From The Warren Marshall Collection

15782

Fr. 247 $2 1896 Silver Certificate Very Fine. A well centered, wholly natural, problem-free example that, although it is technically at the lower end of the VF grade, remains highly presentable. A very nice collector grade piece.

15783

Fr. 248 $2 1896 Silver Certificate New. This pleasing note has original surfaces with a touch of handling visible on either side. A couple of minor margin repairs at right keep the note from the choice grade.

15784

Fr. 248 $2 1896 Silver Certificate PMG About Uncirculated 55. The design of the $2 Educational is one of the nicer engravings seen on US currency from a bygone era. The portraits of Fulton and Morse are quite lifelike on this high grade PMG certified $2 Ed.

15785

Fr. 248 $2 1896 Silver Certificate Extremely Fine. A number of small pinholes and some light discoloration hold the grade down on this otherwise AU Educational Deuce. In the proper hands with a touch of effort, this note will likely enter an AU holder.
From The John Ameen Collection

15786

Fr. 248 $2 1896 Silver Certificate PMG Very Fine 25. A wonderful Smillie engraved note that looks quite clean despite the light circulation.

15787

Fr. 248 $2 1896 Silver Certificate PMG Choice Fine 15. This picture perfect Fine is sufficiently bright considering the grade and boasts margins not often seen on full Gems. The devices are uninterrupted and the paper is problem-free.

15788

Fr. 248 $2 1896 Silver Certificate PMG Choice Fine 15. No problems to report on this nicely margined Educational Deuce that is looking for a new home.

15789

Fr. 248 $2 1896 Silver Certificate PMG Very Good 8. A pleasing Educational Deuce with a bit too much soiling to make the next grade. The usual faults for the grade such as minor margin nicks and a pinhole or two are exhibited.

15790

Fr. 248 $2 1896 Silver Certificate Good. Very heavily circulated, and either starched or plasticized in an ill-advised attempt to stiffen the paper.

15791

Fr. 249 $2 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. Perfect front to back centering is noted on this fully margined Gem. The overprint is a deep blue and the paper especially vivid.

15792

Fr. 249 $2 1899 Silver Certificate PMG About Uncirculated 55. A quality piece that exhibits a lone fold with great embossing but has been flagged for hinge remnants.
From The John Ameen Collection

15793

Fr. 249 $2 1899 Silver Certificate PCGS Very Fine 35PPQ. This appealing Deuce features broad, even margins for the issue.
From The Walla Walla Collection

15794

Fr. 249 $2 1899 Silver Certificate PMG Very Fine 30. This note has some interesting details on the back. Frederick G. Payne from Lewiston, ME was under the command of General Bell and penned this piece on 9-9-1904 as a souvenir for service in Virginia. He was part of the Second Regt. Band from Maine. What value can be placed on this historical inscription?

15795

Fr. 249 $2 1899 Silver Certificate PMG Very Fine 30. Here is another pleasing manuscript piece, received while under the command of General A R Chaffee dated Aug. 22-29, 1903. We have Frederick G. Payne from Lewiston, ME who was with the 2nd Regiment Band from Maine to thank for this interesting glimpse back in time.

15796

Fr. 251 $2 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. The colors are striking on this strictly original, well margined, turn-of-the-century Two. Although prices for these have certainly advanced, they seem to have become a bit out of proportion. These Deuces are many times scarcer than the comparable Aces--particularly in high grade. The pricing structure does not properly reflect their relative rarity.

15797

Fr. 253 $2 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. Although there are almost 300 Napier-McClung Deuces recorded in the census, less than 8% have been graded by PMG as 65 or higher. This Two has superb color for the type and totally original paper surfaces.

15798

Fr. 253 $2 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. This note faces up well but the back printing is slightly off center, which has held back the grade. Nicely margined with strong embossing and bright inks, expect this quality example to realize in the area of...

15799

Fr. 254 $2 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. A low serial number example of this very scarce number which bears the Napier-Thompson signature combination. Many notes from the first pack were saved, and they represent most all of the high grade examples of this number. The total census for this scarce piece is only seventy-four. This one is nicer than most. We sold it in April of last year for $9,775. Now, in this PMG 66 EPQ holder, we would expect it to do a bit better.

15800

Fr. 255 $2 1899 Silver Certificate CGA Gem Uncirculated 66. Radar serial number M202 is seen on this lovely three digit example which is nicely margined, well centered and quite vivid.

15801

Fr. 255 $2 1899 Silver Certificate PCGS Gem New 65. This broadly margined issue boasts fully original paper waves and decent embossing of the serial numbers.

15802

Fr. 255 $2 1899 Silver Certificate PCGS Gem New 65. This is a lovely example, with pleasing, even margins, and bright colors of the inks and paper. This type has been increasingly difficult to obtain in top grade in recent years.

15803

Fr. 255 $2 1899 Silver Certificate PMG About Uncirculated 55 EPQ. A bit too much handling has dropped the grade a bit though all other attributes remain original.

15804

Fr. 255 $2 1899 Silver Certificate PMG Extremely Fine 40 EPQ. Original paper surfaces have earned this Deuce its EPQ modifier.

15805

Fr. 256 $2 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. A near gem example from a perennially popular series, put away long ago in its original state, fortunately for collectors. Wonderful original embossing and vibrant color deliver excellent eye appeal for the grade.
From The Warren Marshall Collection

15806

Fr. 256 $2 1899 Silver Certificate PCGS Very Choice New 64. A bit more top margin and this brightly hued deuce is most certainly a gem.

15807

Fr. 256 $2 1899 Silver Certificate PCGS Choice About New 58PPQ. Solid frame lines run along all four sides of this Deuce. The paper is well embossed and boasts original paper waves.
From The Walla Walla Collection

15808

Fr. 256 $2 1899 Silver Certificate CGA About Uncirculated 58. The lightest of center bends is noted just to the right of center. The margins and overall eye appeal on this issue are otherwise Gem.

15809

Fr. 256 $2 1899 Silver Certificate Star Note PMG Choice Very Fine 35. PMG has awarded this bright star example it highest Very Fine grade of Choice VF 35. It's a well printed piece that certainly ranks at the top of its grade range. With the high demand for third party graded star notes, expect bidding to reach or exceed...

15810

Fr. 256 $2 1899 Silver Certificate Star Note PMG Very Fine 25. A second Fr. 256 star, this graded Very Fine 25 by PMG. It is an evenly circulated example with good color and no detriments that can be observed through the holder. Like its mate above, the note bears Face Plate 2, the slightly more common variety, although no type note with only 39 examples in all grades combined reported could truly be called common.

15811

Fr. 257 $2 1899 Mule Silver Certificate PMG Choice Very Fine 35. This lovely mid-grade example carries Frank White Back Plate 12.

15812

Fr. 257 $2 1899 Silver Certificate Star Note Fine. This is a scarcer star number with just sixteen examples reported, not including this new to the census specimen. It's an evenly circulated piece with no defects worthy of mention.
From The Walla Walla Collection

15813

Fr. 257 $2 1899 Silver Certificate Star Note PMG Very Good 8. Light soiling which is commensurate with the grade appears on this scarcer $2 star.

15814

Fr. 258 $2 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. Only a hair-thin lower margin has relegated this lovely note to choice plus status. These surfaces still look much the same as when it was first printed.
From The Warren Marshall Collection

15815

Fr. 258 $2 1899 Silver Certificate PMG Choice Uncirculated 64. The margin disparity along the top has caused this grade to be applied. Wonderful color is still present and this note should be well received.
From The Drew Keough Collection

15816

Fr. 258 $2 1899 Silver Certificate Star PCGS Choice New 63PPQ. This is a bright and attractive star example whose originality is evident even through the PCGS encasement. It happens to be the first PCGS or PMG uncirculated example of this number that we or anyone else have sold, making valuation here somewhat difficult. The new Murray star reference lists this note at $9000 in CU, which seems a bit aggressive for our taste. The market will decide tonight whether we or the new edition of Murray has come up with the right number here.

15817

Fr. 258 $2 1899 Silver Certificate PMG Choice About Unc 58 EPQ. Here is another lovely Agricultural $2 note, from a small hoard, acquired long ago by our consignor.

15818

Fr. 258 $2 1899 Silver Certificate PMG Choice About Unc 58 EPQ. Yet another lovely example folded once then put away for posterity.

15819

Fr. 258 $2 1899 Silver Certificate PMG Choice About Unc 58 EPQ. A center fold accounts for the grade on this otherwise vibrant, original Agricultural Deuce.

15820

Fr. 258 $2 1899 Silver Certificate PMG Choice About Unc 58. Ample margins, embossing, and bright paper make for a quality Deuce. This note is not in the census, but it is a couple of serial numbers away from a CU example.

15821

Fr. 258 $2 1899 Silver Certificate PMG Choice About Unc 58. Embossing can be seen beneath the encasement on this deeply inked example.

15822

Fr. 258 $2 1899 Silver Certificate PMG About Uncirculated 53 EPQ. A lightly circulated Agricultural $2 that exhibits a center fold and light handling.

15823

Fr. 258 $2 1899 Silver Certificate Extremely Fine. A touch of embossing remains on this colorful Agricultural $2.

15824

Fr. 258 $2 1899 Mule Silver Certificate PMG Very Fine 30 EPQ. This note faces up very well and displays much brightness.

15825

Fr. 261 $5 1886 Silver Certificate PMG Choice Very Fine 35. The surfaces of this Silver Dollar Back remain intact and the color is pleasing. Nicely margined, with this grade being most elusive for the design.

15826

Fr. 261 $5 1886 Silver Certificate PMG Fine 12. This mid-grade silver dollar back boasts a fully intact back vignette and a boldly colored seal for the grade. There is a lone pinhole where the vertical and horizontal folds meet.

15827

Fr. 261 $5 1886 Silver Certificate Very Good. An amazingly solid note for the grade, free of the edge problems and tears normally associated with VG type notes. A small stain in the portrait area is this note's only problem. Fr. 261 is a scarcer Silver Dollar Back number.

15828

Fr. 263 $5 1886 Silver Certificate CGA Gem Uncirculated 66. Ideal front to back centering and solid margins are noted on this bright and deeply printed Silver Dollar Back. Recent interest from collectors has helped this note rank among the favorite all time designs on US Currency.

15829

Fr. 263 $5 1886 Silver Certificate PCGS Very Choice New 64. Gem quality margins frame this Silver Dollar Back that boasts pleasing paper quality. Even the third party holder does not hide the original paper waves. Close inspection fails to reveal a reason for the lack of a Premium Paper Quality designation. Adding to the overall aesthetics of this ever-popular type is a large brown seal printed as deeply as one will find for the issue.

15830

Fr. 263 $5 1886 Silver Certificate Extremely Fine+. An elusive grade for this series which depicts the earliest use of our motto 'In God We Trust." The folds are difficult to locate and the color is very vivid for a lightly handled note. Always popular and desirable, the eye appeal seen should bring a substantial premium.

15831

Fr. 263 $5 1886 Silver Certificate PMG Choice Fine 15. A few pinholes are noticed on this average circulated Silver Dollar Back.

15832

Fr. 263 $5 1886 Silver Certificate Very Good-Fine. The surfaces are a bit dirty as one would expect for the grade, and the upper corners are lightly damaged. All-in-all, a rather decent Silver Dollar back.

15833

Fr. 263 $5 1886 Silver Certificate PMG Gem Uncirculated 66. This piece was last sold by CAA in September 1997, where the note was graded Superb Gem New and realized $3850 against an estimate of $3750-up. The superlatives related to being broadly margined, fully bright and strictly original fit as well today as they did a decade ago. The embossing was compared then to the type found on $5 Legals. The centering on both sides is virtual perfection. Today, these eye popping notes with a degree of history to back up the grade will bring multiples of what was paid a mere ten years ago. A similar example from the same run sold by us in Long Beach last year realized $32,200 against an estimate of $20,000-up. Be prepared for a slugfest to acquire this beauty as it should see about the same result if not an even higher realization.

15834

Fr. 264 $5 1886 Silver Certificate PMG Very Fine 25. Fr. 264 is considerably scarcer than its type-mate, the other Large Brown Seal Silver Dollar Back, Fr. 263 with a touch over 50 264s known and 232 263s.
From The John Ameen Collection

15835

Fr. 267 $5 1891 Silver Certificate PCGS Fine 15. Courtesy Autograph. The back of this well centered certified note bears the courtesy autograph of D.N. Morgan, whose engraved signature appears on the face as Treasurer of the United States. A great note for the collector.

15836

Fr. 267 $5 1891 Silver Certificate PMG Choice Fine 15. The margins are broad for the issue and the printed details remain bold.

15837

Fr. 268 $5 1896 Silver Certificate PMG About Uncirculated 55 EPQ. Especially broad margins for the issue and deeply printed devices give this piece the overall appearance of a full Gem. A faint center bend and corner tip fold are noted, but are really only visible from the back.

15838

Fr. 268 $5 1896 Silver Certificate PMG Very Fine 25. Even margins surround this lovely example that has stood the test of time. Despite the circulation it has remained free of problems often seen at this grade level.

15839

Fr. 269 $5 1896 Silver Certificate PCGS Superb Gem New 67PPQ. PCGS has not, as of yet, released their population figures, but it is certainly a safe presumption that this piece is alone or very nearly alone at this grade level. PMG has graded just a single 67 out of over seventy Fr. 269s submitted. This piece is everything you would expect from the grade--beautifully margined, brightly colored and originally embossed. The popularity of this type is unquestioned and in its PCGS holder, its grade will not be questioned either. An extraordinary example of an ultimately popular piece.

15840

Fr. 269 $5 1896 Silver Certificate PMG Gem Uncirculated 65 EPQ. Beautifully well margined with super color, original paper surfaces, and razor-sharp print quality. The extremely busy design of these Five Dollar Educationals created a situation where the central portion of the note frequently has a somewhat muddy appearance. This one is inked just right and has terrific clarity of all the features of the allegorical design. A very handsome piece that looks as though it would have been as equally at home in a 66 holder.
From The Warren Marshall Collection

15841

Fr. 269 $5 1896 Silver Certificate PMG About Uncirculated 53 EPQ. Fortunately for the collecting community of today, Mr. Ameen purchased notes towards the higher end of the grading spectrum. This is certainly a lesson one should take in building any type of collection. We had the pleasure of viewing this note prior to sending it to PMG, and we can definitely attest to its originality. Mr. Ameen paid all of $450 for this beauty.
From The John Ameen Collection

15842

Fr. 269 $5 1896 Silver Certificate PMG Very Fine 25. This is the second scarcest signature combination for the series. Expect a strong showing from this nicely margined example which pays homage to electricity and the effect it had on our burgeoning nation.
From The Warren Marshall Collection

15843

Fr. 269 $5 1896 Silver Certificate PMG Choice Fine 15. The design elements are strong and the paper remains bright.

15844

Fr. 270 $5 1896 Silver Certificate Very Fine. Here is an example of the scarcest of the three $5 Ed signature combinations. The note is clean and problem-free for the grade and at a glance it gives the visual impression of an XF note. Fr. 270s account for only about 15% of all the known Five Dollar Educationals, and they should bring a premium in excess of the 20% or so over Fr. 268 and Fr. 269 that they currently realize.

15845

Fr. 271 $5 1899 Silver Certificate PMG Superb Gem Unc 67 EPQ. This is the highest grade that PMG has yet given to a Fr. 271, and this note shares that honor with only four other pieces. As if to emphasize the extreme quality of this piece, PMG has added, "Good Embossing" after its "Exceptional Paper Quality" comment. The note, as one would expect at this grade level, has wonderful margins, great eye appeal and perfect paper and ink colors. A wonderful example of this earliest signature combination.

15846

Fr. 271 $5 1899 Silver Certificate PMG Gem Uncirculated 65 EPQ. A deep overprint contrasts nicely against the bright white and wholly original paper.

15847

Fr. 271 $5 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. Pleasing four digit serial number 8801 is noticed on this simply marvelous looking Chief. The original paper wave and quality is unmistakable, with plenty of embossing noticed in the holder. A touch better centering and this note would without doubt be graded Gem.

15848

Fr. 271 $5 1899 Silver Certificate PCGS About New 53PPQ. Plenty of embossing can still be seen on this lightly handled, vividly overprinted Chief.

15849

Fr. 271 $5 1899 Silver Certificate PMG Extremely Fine 40. A pleasing mid-grade example of this proud Chief design, well margined with plenty of eye appeal.

15850

Fr. 271 $5 1899 Silver Certificate PMG Very Fine 25. Eye appeal remains strong on this lightly handled, solidly margined Chief.

15851

Fr. 272 $5 1899 Silver Certificate PMG Choice Uncirculated 64 EPQ. One of the scarcer Chief signature combinations with a known population lower than other issues. Were the centering a tad better, this would most certainly have garnered Gem status. Plenty of eye appeal is derived from the strong blue overprint.

15852

Fr. 273 $5 1899 Silver Certificate PCGS Very Choice New 64. Solid margins run along the top and bottom edges of this issue. Overall, the eye appeal is closer to Gem.

15853

Fr. 273 $5 1899 Silver Certificate PMG About Uncirculated 53. A centerfold and some tiny corner tip folds are noted on this well margined issue.

15854

Fr. 273 $5 1899 Silver Certificate PMG Extremely Fine 40. Embossing stands out on this quality Chief of a tougher Friedberg number.

15855

Fr. 273 $5 1899 Silver Certificate PMG Very Fine 25. A nice circulated example of this popular type.

15856

Fr. 273 $5 1899 Silver Certificate CGA Very Fine 20. A Very Fine Chief that is well margined.

15857

Fr. 275 $5 1899 Silver Certificate PMG Choice Very Fine 35. A brightly inked Chief in a high end Very Fine PMG holder.

15858

Fr. 275 $5 1899 Silver Certificate PCGS Very Fine 25. A problem-free and fully margined piece with some remaining embossing.

15859

Fr. 275 $5 1899 Silver Certificate Very Fine. A bit soft and with a mild vinyl smell, but the note still has most all of its color and is surrounded by broad, even margins.

15860

Fr. 277 $5 1899 Silver Certificate PCGS Very Fine 35PPQ. A wonderfully embossed original note with loads of eye appeal.

15861

Fr. 277 $5 1899 Silver Certificate Very Fine-Extremely Fine. Fresh and wholly original. This is the grade, and this note has the appearance, of what everyone wants when they buy a VF. Totally unmolested, clean, and premium in all respects. While certainly not a rare number, Fr. 277s are seen with far less frequency than most of the other Chiefs.

15862

Fr. 277 $5 1899 Silver Certificate PMG Very Fine 30. For the grade, this piece boasts bright paper, a bold third printing, and bountiful margins.

15863

Fr. 277 $5 1899 Silver Certificate PMG Very Fine 30. This deeply printed Chief has all the eye appeal of a full EF or better note.

15864

Fr. 277 $5 1899 Silver Certificate Star Note PCGS Very Fine 20. Fortunately for collectors, Star Note values have been added to the Friedberg book, which should increase awareness and the popularity of the notes. Also, the new Murray book has aided in better determining rarity and value. This is a pleasing mid-grade example with much of its original color. To date only nine examples of this number are known, with this only the second appearance of one in the last five years.

15865

Fr. 278 $5 1899 Silver Certificate PMG Gem Uncirculated 66 EPQ. A beautifully centered example with embossing so bold it almost comes right through the PMG 66 EPQ holder. PMG has graded five Fr. 278's in this grade, with only one finer. We sold a virtually identical PMG 66 EPQ example just five serial numbers away from this piece in May of this year for $11,500, and it would not surprise us at all to see this lovely note equal or exceed that number tonight.

15866

Fr. 278 $5 1899 Silver Certificate PMG Choice Extremely Fine 45. A pleasing mid-grade Chief that displays plenty of embossing.
From The Warren Marshall Collection.

15867

Fr. 278 $5 1899 Silver Certificate PCGS Extremely Fine 40PPQ. A touch of tightness at the lower right is more than made up for by the great eye appeal and prominent embossing.

15868

Fr. 278 $5 1899 Silver Certificate PMG Extremely Fine 40. A lovely Chief that has great eye appeal with some embossing still exhibited.

15869

Fr. 278 $5 1899 Silver Certificate PMG Choice Very Fine 35 EPQ. Deep embossing is not hindered by the little time that this piece saw in the channels of commerce.

15870

Fr. 278 $5 1899 Silver Certificate PCGS Very Fine 30. A moderately circulated issue with a bold overprint and white paper.

15871

Fr. 278 $5 1899 Silver Certificate PMG Very Fine 25. This Onepapa looks snappy in the holder despite the circulation it has endured. Solid margins and sharp corners highlight the note.

15872

Fr. 279 $5 1899 Silver Certificate CGA Gem Uncirculated 65. A handsome Chief with obvious original embossing clearly noticed through the holder. The margins and color are just what one would expect for a 65.

15873

Fr. 280 $5 1899 Mule Silver Certificate PMG Gem Uncirculated 66 EPQ. Fr. 280 is the second to last of the Chief numbers. This particular example is a mule indicated by back plate # 1296 which was one of the plate numbers prepared for notes intended for Burke's signature. It is relatively common in most grades (PMG has graded 148 pieces), but is decidedly rare at the upper-end of the grading system. This note is one of only five PMG 66s for this number with no pieces having been graded higher. The note is lovely with excellent margins, strong color, and original embossing that can be easily seen through the holder. The successful bidder on this note, now owning a mule, should contact the cataloger about the 40 acres he has coming to him.

15874

Fr. 280 $5 1899 Silver Certificate PCGS Gem New 65. The face margins are perfectly even, framing this deeply printed and eye appealing Chief.
From The Drew Keough Collection

15875

Fr. 280 $5 1899 Mule Silver Certificate PMG Choice Uncirculated 64 EPQ. John Burke Back Plate #1207 was used on this wonderfully original Chief. Excellent color is noticed and it is well margined.

15876

Fr. 280 $5 1899 Mule Silver Certificate PCGS About New 50. This briefly circulated specimen has all the appearance of a fully uncirculated issue. The margins are pleasing and the paper is bright.
From The John Ameen Collection

15877

Fr. 280 $5 1899 Silver Certificate PCGS Extremely Fine 45PPQ. Three folds do not affect this deeply embossed and fully margined issue.

15878

Fr. 280 $5 1899 Mule Silver Certificate PMG Extremely Fine 40 EPQ. A wonderful Chief in a very desirable mid-grade with utterly natural surfaces. Strong embossing complements excellent paper ripple.

15879

Fr. 280 $5 1899 Mule Silver Certificate PMG Very Fine 25. This Chief was folded into eighths and then it acquired a little more circulation. Back plate number 1267 is found in the Mule position at upper right.

15880

Fr. 281 $5 1899 Silver Certificate CGA Gem Uncirculated 67. This Chief has knockout eye appeal, with huge margins, gorgeous colors and embossing that is visible through the holder. Fr. 281 is the final number of the Chiefs, and as the most common number in high grade, it's avidly pursued as a type example. This piece has the look that condition-conscious collectors strive for.

15881

Fr. 281 $5 1899 Silver Certificate PCGS Very Choice New 64PPQ. Bold embossing of the overprint is evident on the back of the note and the margins are clearly sufficient for the full Very Choice grade, even Gem.
From The Thomas A. Bergin Collection

15882

Fr. 281 $5 1899 Silver Certificate PMG Choice Uncirculated 63. A pleasing note that appears to have earned all of its 63 grade.

15883

Fr. 281 $5 1899 Silver Certificate PMG About Uncirculated 55. A pinhole in the margin is noticed on this otherwise pleasing Chief that has blazing color.

15884

Fr. 281 $5 1899 Silver Certificate PCGS About New 53. Decent centering is noticed on this Chief that is in a most sought after collector grade.

15885

Fr. 281 $5 1899 Silver Certificate PMG Very Fine 30. This piece is as bright as one would want for a mid-grade issue. The paper is problem-free.

15886

Fr. 282 $5 1923 Silver Certificate Star Note PMG Gem Uncirculated 66 EPQ. This is a drop dead gorgeous Porthole star, with virtually perfect centering on both sides, full originality, and boldly printed colors. It falls within the run of uncirculated examples that for years have provided collectors with the opportunity to own a gem example of this one year star type, and is as nice as any example we have ever had the pleasure of offering. With a recent auction record for a PCGS graded 67 Porthole star standing at $34,500, we think it very likely that this piece, which appears every bit its equal, will certainly realize...
From The Warren Marshall Collection

15887

Fr. 282 $5 1923 Silver Certificate CGA Gem Uncirculated 66. Pleasing paper waves and ideal embossing are noted in the holder. The margins are solid and the paper is bright, contrasting perfectly against the deep blue elements of the overprint.

15888

Fr. 282 $5 1923 Silver Certificate PMG Choice Uncirculated 64. A well margined Porthole that has been awarded a pleasing grade. Desirable with bright color throughout, expect a realization in the area of...

15889

Fr. 282 $5 1923 Silver Certificate PCGS Choice About New 58PPQ. A corner tip fold is noted on this otherwise fully original and attractive Silver Certificate.
From The John Ameen Collection

15890

Fr. 282 $5 1923 Silver Certificate Extremely Fine-About New. This piece appears fully Gem, though there are a couple of light bends that are noted at either side of the portrait. An attractive issue with all the eye appeal anyone could expect from a Porthole.
From The Drew Keough Collection

15891

Fr. 282 $5 1923 Silver Certificate Very Fine-Extremely Fine. The paper color is just a hair toned down, but this Porthole is well margined with strong ink color and a nice overall appearance.

15892

Fr. 282 $5 1923 Silver Certificate PMG Choice Very Fine 35. The colors look as good as those seen in higher grade examples. A well margined beauty in a most desirable grade that will be noticed.

15893

Fr. 282 $5 1923 Silver Certificate PMG Very Fine 30. This brightly overprinted Porthole has been folded into eighths but still has plenty of vim and vigor.

15894

Fr. 282 $5 1923 Silver Certificate Very Fine. There are two edge splits at the top--one of which begins as a small nick. The colors are excellent on this Lincoln Porthole type.

15895

Fr. 282 $5 1923 Silver Certificate PMG Choice Fine 15. Five digit radar serial number A62426B is an added bonus on this pleasing Porthole that exhibits the usual circulation. Fancy numbers on large size notes are elusive especially in this series.

15896

Fr. 282 $5 1923 Silver Certificate CGA Fine 15. The paper is solid, save for a lone split in the right margin. The wear that accounts for the grade is even.

15897

Fr. 282 $5 1923 Silver Certificate PMG Fine 12. This Porthole has sound edges and it is also problem-free for the grade.

15898

Fr. 287 $10 1880 Silver Certificate PMG Very Fine 25. Another lovely Large Size type note from this wonderful collection that offers a pleasing mid-grade look. Bright colors and solid margins highlight this example that will fill a hole in someone's collection tonight.
From The John Ameen Collection

15899

Fr. 287 $10 1880 Silver Certificate PMG Very Good 10. From our 2007 FUN Signature Auction, where the description read, "PMG comments about a restoration on this piece which certainly does little to distract from it. Always popular as a type note, it should quickly find a new home." It realized $2185 on an estimate of $1500-up. It should sell at about the same level tonight.

15900

Fr. 287 $10 1880 Silver Certificate PMG Very Good 8 Net. Some adhesive remnants from mounting have been repaired on this Robert Morris $10 that faces up nicely. A popular type note which should find a new home this evening.

15901

Fr. 287 $10 1880 Silver Certificate Very Good. There are a few minor pieces missing from the left edge as well as edge tears and minor internal tears. Certainly well used, and likely to prove inexpensive. An opportunity for the collector of circulated notes to add a tough type.

15902

Fr. 293 $10 1886 Silver Certificate PMG Choice Very Fine 35 EPQ. Perfectly solid for the grade with great originality noted on this well margined Tombstone.
From The John Ameen Collection

15903

Fr. 293 $10 1886 Silver Certificate PMG Very Fine 30. This is the much tougher 1886 Tombstone type with the Early Back design. Desirable for type due to its wonderful eye appeal.

15904

Fr. 293 $10 1886 Silver Certificate Fine. 1886 Tombstones have all-but-disappeared from the market. This one is a near perfect representation of the grade. It is well circulated to be sure, but the edges are solid. The face is wholly problem-free, and the back has only a single minor stain at its left edge. A very scarce type.

15905

Fr. 295 $10 1886 Silver Certificate PMG Choice Fine 15. Decent margins frame this moderately circulated issue. Internally, the paper is solid, with no problems to mention.

15906

Fr. 295 $10 1886 Silver Certificate PMG Very Good 10. A tough Friedberg number with the population right around 50 notes.

15907

Fr. 299 $10 1891 Silver Certificate PCGS Gem New 66PPQ. This note was sold by us in the Malcolm Trask Collection sale of January, 2005 as part of a cut sheet of Tombstone notes. Each note was a broadly margined Superb Gem, with perfect original paper surfaces, ideal color, and excellent centering. This piece, the "D" position example, was singled out for special mention as having the best margins of the group. It has now returned to us encapsulated in a PCGS Gem New 66PPQ holder, and, having viewed this note in its pre-holdered state, we can attest to the conservative nature of that assessment. We have never had a Fr. 299 in either PMG or PCGS 66, but we can report the one PCGS 65PPQ note offered by us realized $10,350 in May of this year. This specimen will bring more, and likely substantially more.

15908

Fr. 299 $10 1891 Silver Certificate PMG Extremely Fine 40 EPQ. This Tombstone is blessed with extra large side margins, though it is a touch tight along the top at right. Some embossing is noticed along with a couple of faint folds, but it is still a colorful example with plenty of eye appeal.
From The Drew Keough Collection

15909

Fr. 300 $10 1891 Silver Certificate PMG Very Fine 25. Only one significant fold is noted on this Tombstone. It is perhaps some handling that accounts for the grade. Though the holder indicates a stain, it is minor at best and completely confined to the lower right hand corner.

15910

Fr. 301 $10 1891 Silver Certificate PMG Choice Extremely Fine 45. The holder mentions this Tombstone has been trimmed. It is unfortunate, but it is still bright and well inked.

15911

Fr. 301 $10 1891 Silver Certificate Fine-Very Fine. Evenly circulated and 100% problem-free. If you collect circulated type notes and are looking for a truly nice representative Tombstone, then this is your piece.

15912

Fr. 302 $10 1908 Silver Certificate PMG Very Fine 20. This bright Tombstone note displays solid margins and a vivid blue overprint.

15913

Fr. 303 $10 1908 Silver Certificate PMG Choice Fine 15. Of the three Friedberg numbers for this design, this number is the most elusive of the trio. This Tombstone is also problem free for the grade.

15914

Fr. 304 $10 1908 Silver Certificate Very Fine-Extremely Fine. This pleasing Tombstone is one of those that screams originality and because of this will justify the premium placed on it. Wide margins and vivid colors dominate the surface.

15915

Fr. 304 $10 1908 Silver Certificate CGA Very Fine 20. The overprint is bold for the issue, though there are some minor splits in the margins near the folds.

15916

Fr. 309 $20 1880 Silver Certificate PMG Very Fine 20. One of the scarcer 1880 $20 Silver numbers, with just under 50 examples in the census. Track and Price auction records show no offerings about the EF grade. A very tough number to locate in any grade at all, and this is a rather handsome example. When even slightly circulated, the black ink on the back of this distinctive series tends to fade toward gray. Not so on this example, which, despite a fair degree of circulation, has retained its full ink color.
From The John Ameen Collection

15917

Fr. 311 $20 1880 Silver Certificate PMG Very Fine 25. A new note to the census which now stands at about 130. The third-party grade on this note seems right on the money. It is well printed, well margined, and problem-free save for honest circulation. A very nice example of the grade.
From The John Ameen Collection

15918

Fr. 311 $20 1880 Silver Certificate PMG Choice Fine 15. A problem-free, evenly circulated example of this scarce 1880 Steven Decatur Silver Certificate. It's decently margined, and it has strong color. This piece previously appeared in our September 2005 Long Beach Signature Auction where it realized more than $5000. With fewer examples of this popular type making auction appearances, it is likely to exceed the price realized at that sale.

15919

Fr. 318 $20 1891 Silver Certificate PMG About Uncirculated 53. This is one of the nicer Mannings to make an appearance in one of our auctions in many years. Quite elusive in the higher grades, expect plenty of competition to acquire this nicely margined and colorful note.
From The John Ameen Collection

15920

Fr. 318 $20 1891 Silver Certificate PMG Choice Extremely Fine 45. A lovely Manning that seems quite unhindered by the slight restoration done along the top margin. Nicely margined and retaining very bright surfaces with plenty of eye appeal.
From The Drew Keough Collection

15921

Fr. 318 $20 1891 Silver Certificate PMG Very Fine 30. A wonderful, well margined bright Manning $20 that carries the small red scalloped seal. PMG has commented about margin repairs.

15922

Fr. 318 $20 1891 Silver Certificate Fine-Very Fine. A bit soiled and with two tiny edge nicks. These Manning $20s are a type that is not easy to find in any grade.

15923

Fr. 318 $20 1891 Silver Certificate PMG Choice Fine 15. Generous margins are noticed on this average circulated note that faces up well.

15924

Fr. 318 $20 1891 Silver Certificate Very Good-Fine. Solid for the grade. This $20 Silver with the small red seal has remained wholly problem-free in spite of its heavy use.

15925

Fr. 319 $20 1891 Silver Certificate PMG Choice About Unc 58. Though the population report published by PMG is in its infancy, this piece will likely remain a condition-census example. It has a single light fold and all the eye appeal of a Gem. In its last auction appearance in 1986, it was awarded a full CU grade, which is how it is recorded in the census. As it stands, it is the finest graded by PMG to date. Only three other CU's are recorded in the census, each of which could also be AU. One of those high grade pieces is a permanent fixture in the ANA Museum in Colorado Springs. The margins are full on all sides and nearly even, and the printed details include deep blue serial numbers, a blazing red seal and complementary devices.

15926

Fr. 321 $20 1891 Silver Certificate Extremely Fine. Notes in this classic mid-grade are always in demand when their originality is without question. A bit of light soil is noticed on the back.
From The John Ameen Collection

15927

Fr. 321 $20 1891 Silver Certificate PMG Extremely Fine 40. A well centered, bright Manning $20 Silver that retains a pleasing overall appearance. Another fresh note available at auction for the first time.
From The Warren Marshall Collection

15928

Fr. 321 $20 1891 Silver Certificate PMG Very Fine 25. Excellent color remains on this popular Silver Certificate Type. It is nicely margined and has the look of a piece in a much higher grade.

15929

Fr. 322 $20 1891 Silver Certificate Very Good-Fine. This is by far the scarcer of the two signature combinations for this type with just over 100 examples known. A couple margin nicks are noticed.

15930

Fr. 335 $50 1891 Silver Certificate PCGS Very Fine 30. A very pleasing mid-grade example of this scarce type, with crisp, original paper and bright colors. Fr. 335 is the most common signature found on $50 Silvers, making this a perfect type example. Pictured on the note is Edward Everett, a Massachusetts Senator and Secretary of State under President Fillmore from 1852-1853. A really nice note that should inspire spirited bidding.

15931

Fr. 335 $50 1891 Silver Certificate PMG Very Fine 25. Mid-grade $50 Silvers, particularly defect-free pieces such as this one, are quite difficult to locate. The margins are excellent, the colors are strong, and the note is an ideal example of the middle Very Fine grade.
From The John Ameen Collection

15932

Fr. 335 $50 1891 Silver Certificate PMG Very Fine 20. Edward Everett, the featured speaker at the dedication of the Gettysburg Battlefield Cemetery, graces this attractive $50. This piece is distraction free save for a few pinholes that are noted only when the note is held up to a light source.

15933

Fr. 335 $50 1891 Silver Certificate PMG Choice Fine 15. We last handled this original and problem-free note in 2005. It is solid for the grade, with good margins and excellent color.

15934

Fr. 335 $50 1891 Silver Certificate Fine. There is a small internal split, and this $50 Silver has a hand-trimmed left margin which has taken a bit of the design at the lower left. This is a difficult type to come by and this note, even with its problems, has a nice appearance and will fill a hole in someone's circulated type collection.

15935

Fr. 335 $50 1891 Silver Certificate Fine. Relatively heavily circulated with some minor edge tears and a scattering of pinholes. This Edward Everett Fifty still has a nice overall appearance. Everett, whose long speech immediately proceeded Lincoln's Gettysburg address was considered, along with Daniel Webster, a premiere speaker of the 19th Century.

15936

Fr. 341 $100 1880 Silver Certificate CGA Fine 12. From our 2005 Long Beach auction where the description read, "This $100 Silver type is rare for all numbers and in all grades. Just fewer than two dozen 341s are known, and CAA has handled only seven examples. Unlike most rare types, the majority of these notes are in the higher end of the circulated grades. In fact, of the pieces we've sold, none have graded under Choice Very Fine. The type is virtually never available at less than $25,000, but this third party graded note, which is most attractive for the grade, should provide some collector the opportunity to add this type at a relatively affordable number. The note is problem-free save for a few tiny pinholes and an easily removable penciled "#7" to the right of the Romanesque portrait of our fifth president."

15937

Fr. 347 $1 1890 Treasury Note PMG Very Fine 30. This design captivates viewers as it is quite ornate. A pleasing well inked example that faces up well.

15938

Fr. 349 $1 1890 Treasury Note CGA Crisp Uncirculated 62. This fancy back Stanton Ace has wonderful color and decent enough margins.

15939

Fr. 349 $1 1890 Treasury Note Extremely Fine. Bright, original paper is noted on this eye appealing piece. A tiny repaired split is noted at top, but is not a distraction.

15940

Fr. 349 $1 1890 Treasury Note PMG Extremely Fine 40. Three light folds are noted on this ornate reverse Treasury Note.

15941

Fr. 349 $1 1890 Treasury Note Fine-Very Fine. This wholly original piece is problem free and eye appealing for the grade.

15942

Fr. 350 $1 1891 Treasury Note PMG Choice Uncirculated 64. The corners are sharp on this lovely Stanton Ace which delivers rich color. It's the scarcest of the trio of Friedberg numbers for the issue.

15943

Fr. 351 $1 1891 Treasury Note PMG Choice Uncirculated 64 EPQ. A handsome Stanton Treasury Ace, with heavy enough original embossing that it can be plainly viewed through the holder.

15944

Fr. 351 $1 1891 Treasury Note CGA About Uncirculated 58. A lone fold is noted on the right end of the note.

15945

Fr. 351 $1 1891 Treasury Note PMG About Uncirculated 55. A lightly handled, pleasing example from this popular series.

15946

Fr. 351 $1 1891 Treasury Note PCGS About New 53. In the holder, the presence of any folds or grade limiting factors are all but hidden. This piece has the appearance of a full Very Choice or Gem.
From The Drew Keough Collection

15947

Fr. 351 $1 1891 Treasury Note PMG Extremely Fine 45 EPQ. Embossing of the stars in the Treasury Seal is clearly evident on the back of this original piece.

15948

Fr. 351 $1 1891 Treasury Note PMG Choice Extremely Fine 45 EPQ. Prominent embossing is seen, attesting to the originality of this popular Coin Note.

15949

Fr. 352 $1 1891 Treasury Note PMG Superb Gem New 67PPQ. This richly colored example bears some of the deepest and fullest embossing that we have ever seen from this series. It is perfectly centered on both sides, has ample margins, and the paper is virtually flawless. It is absolutely unquestionably original, and has a crackling fresh appearance that likely rivals that of the day it left the press more than a century ago. A stunning example of this type note that should interest collectors who are interested in only the finest...that description worked when the note was raw, and PCGS seems to have agreed.

15950

Fr. 352 $1 1891 Treasury Note PMG Gem Uncirculated 65 EPQ. Unusually broad margins are noted on three sides of this wholly original Treasury Note. The top margin is broad enough for a full Gem grade.

15951

Fr. 352 $1 1891 Treasury Note PCGS Very Choice New 64PPQ. Gem sized margins are noted on at least three sides of this wholly original Treasury Ace.

15952

Fr. 352 $1 1891 Treasury Note PMG Choice Uncirculated 64 EPQ. Generous margins are not missed when looking at this pleasing example. Deep color and plenty of red and blue threads leap from the bright surfaces.

15953

Fr. 352 $1 1891 Treasury Note PMG Choice Uncirculated 63. This piece is fully margined and bright with a pleasingly original overprint.

15954

Fr. 352 $1 1891 Treasury Note Very Fine-Extremely Fine. A pleasing Stanton Ace that retains good color and much crispness.

15955

Fr. 352 $1 1891 Treasury Note PMG Choice Very Fine 35. Three folds are noted through the holder, none of which breaks the continuity of the design.
From The Warren Marshall Collection

15956

Fr. 353 $2 1890 Treasury Note PMG Choice Very Fine 35. 1890 Deuces are scarce in all grades. While we agree with the VF designation, we have some serious problems with the 35 grade. Everyone is entitled to their opinion. If you have a question about the grade of this note, please remember that the Choice Very Fine 35 grade is theirs, not ours.

15957

Fr. 353 $2 1890 Treasury Note PMG Choice Very Fine 35. A wonderful 1890 McPherson Deuce that is is quite colorful with plenty of eye appeal. A pleasing note in a desirable mid-grade.
From The John Ameen Collection

15958

Fr. 356 $2 1891 Treasury Note PMG About Uncirculated 53 EPQ. A most pleasing McPherson $2 Coin Note that is quite vivid. The lightest of handling is noticed on this hand cut example.
From The Warren Marshall Collection

15959

Fr. 357 $2 1891 Treasury Note PMG Gem Uncirculated 66 EPQ. Along with the "Exceptional Paper Quality" comment, PMG has added "Great Embossing". We would also like to add "Great Color", but we are having difficulty duplicating the font. Ok, that was a joke, but the note really does have great color. This is a difficult type at this high end. A beautiful note that should please the fussiest of collectors.

15960

Fr. 357 $2 1891 Treasury Note CGA Gem Uncirculated 66. A handsome example of a type that has always been a challenge to find in true Gem condition.

15961

Fr. 357 $2 1891 Treasury Note Gem New. A note which was last sold in the Malcolm A. Trask collection in 2005. A gorgeous note that has excellent color and tremendous embossing. Perhaps kept from the superb grade by a thin bottom margin. A wonderful representative for type which should realize...

15962

Fr. 357 $2 1891 Treasury Note CGA Choice Uncirculated 64. The Deuce for this issue carries the portrait of Union General James Birdseye McPherson, who was killed in action by Confederate pickets during the Battle of Atlanta in 1864. This example is a tad close at the bottom left, but otherwise nicely margined and with excellent color. The original embossing is easily seen through the holder.

15963

Fr. 357 $2 1891 Treasury Note PMG Extremely Fine 40. Tight across the top, but with good color, and a very nice overall appearance.

15964

Fr. 361 $5 1890 Treasury Note PCGS Very Choice New 64. A strictly original example, with excellent color, strong embossing and lots of eye appeal. It's the D-position note from the plate, with a broader than normal bottom margin. A slightly small top margin is all that holds this Ornate Back Treasury Note from the Gem grade.

15965

Fr. 362 $5 1891 Treasury Note CGA Gem Uncirculated 66. Punch through embossing of the serial numbers is noted on this fully margined Gem with pleasing paper waves.

15966

Fr. 362 $5 1891 Treasury Note PMG Gem Uncirculated 65 EPQ. This General Thomas note is from a run of Uncirculated notes. Although this particular piece has never been offered at auction, its pack-mates have. This note grades similar to its pack-mates. It has excellent color and good paper originality, as evidenced by the EPQ designation. Save for the tight top and bottom margins on the face and the soft corners, this note could easily make its way into a higher holder.

15967

Fr. 362 $5 1891 Treasury Note PCGS Choice About New 58. The General Thomas "Open Back" Treasury Five has the visual appeal of a perfect Gem. We've no doubt that the folks at PCGS found a light fold somewhere, but we certainly can't see it through the holder. If eye appeal combined with budget constraints sounds like you, then this note should be yours.

15968

Fr. 362 $5 1891 Treasury Note PMG About Uncirculated 53. The face of this note is pleasing and boldly printed. There is however, some minor staining on the margin that is mostly confined to the top margin on back.

15969

Fr. 363 $5 1891 Treasury Note PCGS Choice New 63PPQ. A handsome Treasury Five with good color and paper originality that can be seen through the third party holder. These Fives bear the stern visage of General George W. Thomas. Although born in Virginia, he became an important and popular Union Civil War General whose name is often raised in discussions of the most underrated of our military leaders from that war.
From The Drew Keough Collection

15970

Fr. 363 $5 1891 Treasury Note PMG Choice Fine 15 Net. This Treasury Note was net graded for a couple of pinholes and a minor repair to the right of Thomas's portrait.
From The John Ameen Collection

15971

Fr. 363 $5 1891 Treasury Note PMG Fine 12. A nicely centered Thomas $5 that has some foxing present throughout.

15972

Fr. 364 $5 1891 Treasury Note PMG Gem Uncirculated 65 EPQ. A low population in gem and beyond for this elusive issue should determine where this note closes this evening. Plenty of bold color and wide margins highlight this strictly original Thomas.

15973

Fr. 364 $5 1891 Treasury Note PMG Choice About Unc 58 EPQ. A corner fold at upper right is the reason this note has not been called Gem New. A lovely Thomas which should achieve a high price despite its assigned grade.
From The Warren Marshall Collection

15974

Fr. 366 $10 1890 Treasury Note PCGS Choice About New 55. The census count is right at 100 notes for this pleasing Sheridan. Seventy-five percent of all notes known are graded XF or less which leaves a scant population of higher grade examples for this elusive series. Pleasing color and average margins compose this bright note.

15975

Fr. 366 $10 1890 Treasury Note PMG Very Fine 30. 1890 Tens are scarce in all grades. This VF 30 General Sheridan fancy back seems to us to have been perfectly graded. A popular note in desirable mid-range condition.

15976

Fr. 366 $10 1890 Treasury Note PMG Very Fine 25. Moderately circulated, with one section of the back showing fairly heavy soil. The note is lovely from the face and problem-free save for normal circulation. These 1890 Treasury Tens are tough to locate in any grade.

15977

Fr. 367 $10 1890 Treasury Note PMG Gem Uncirculated 65 EPQ. We sold this beautiful note in January of 2007, where we commented "This rare note is right in the middle of the run of known CU specimens, but has never been offered or seen until now. The centering of both sides is terrific, the original embossing is pronounced across the entire surface of the note, not just on the seal and serial numbers, and the colors are the equal of the day the note was printed. Treasury Tens are truly scarce in this top grade and this striking example, with its large brown spiked seal, is sure to attract considerable bidder attention." At that sale it realized $25,300 against a pre-sale estimate of $20,000-up. PMG has only slabbed five Fr. 367's in all grades, grading only one other 65 and one 66. It would not surprise us at all to see this rare note exceed its January realization, perhaps by a considerable margin.

15978

Fr. 368 $10 1890 Treasury Note CGA Choice Uncirculated 64. Sufficient margins for the grade frame this bright, finely printed Treasury Note. With each passing year, fewer high grade examples of this issue are making public auction appearances.

15979

Fr. 368 $10 1890 Treasury Note PMG Choice Very Fine 35. Strictly original surfaces are noticed on this note from the popular 1890 series. Sure to draw a following, as pleasing mid-grade circulated pieces do not appear with regularity.
From The John Ameen Collection

15980

Fr. 369 $10 1891 Treasury Note PCGS Gem New 65PPQ. This note was last seen at public auction in 1999. Ideal front to back centering and boldly printed details add to the overall eye appeal. The margins are solid and the paper original.

15981

Fr. 369 $10 1891 Treasury Note PMG Choice Uncirculated 64. PMG has commented "Pinhole" on this otherwise problem-free General Sheridan Ten. It's late...I'm tired, but I can't find the pinhole. Someone please point it out to me at lot viewing. In the meanwhile, the jury is out on the pinhole on this otherwise lovely Treasury Sawbuck.
From The John Ameen Collection

15982

Fr. 369 $10 1891 Treasury Note PMG Choice Very Fine 35 EPQ. Pleasing margins are noticed on this totally natural note. PMG has commented about the great color, as well as bestowing its EPQ designation. Expect a realization toward the next grade level for this crispy, original Sheridan Ten.

15983

Fr. 370 $10 1891 Treasury Note CGA Gem Uncirculated 65. The paper waves and embossing are complementary to the eye appeal. As of the time this note was cataloged, only three examples of this Friedberg number had made public auction appearances in 2007.

15984

Fr. 370 $10 1891 Treasury Note PMG Very Fine 30. This Treasury Ten is nicely margined, and it possesses solid good looks. The note faces up well and should be contested this evening. This is a scarce type, and there never seem to be enough to satisfy collector demand.

15985

Fr. 370 $10 1891 Treasury Note Fine. A few minor stains have been masked out and an internal tear has been reinforced, but this General Sheridan Ten still retains a decent overall appearance for the grade.

15986

Fr. 374 $20 1890 Treasury Note PMG Fine 12. This attractive Treasury Note appeared in our offering of the Troy Wiseman Collection where it was described, "Prior to the sale of this note in our 2006 Central States Signature Auction, it was off the market since a 1969 Paramount sale. It's solid for the grade, with good margins and excellent color. Twenty Dollar Treasury Notes are scarce in all grades, and this evenly circulated example should prove to be quite a popular lot. The note has two pinholes and some minor edge notches near the corners, but it is otherwise defect-free for the grade."

15987

Fr. 375 $20 1891 Treasury Note PCGS Gem New 65. A very attractive piece from the run that has supplied collectors with Uncirculated examples of this scarce and popular type. The colors are excellent, and the margins are more than acceptable for the Gem grade level. This type had been unavailable in high grade until a decade ago, when a small group of Uncirculated notes unexpectedly appeared. John Marshall, whose portrait appears on this note, served as Chief Justice of the Supreme Court. He died in 1835. The portrait on the note was engraved by Charles Schlecht, from an oil done by Harry Inman.

15988

Fr. 375 $20 1891 Treasury Note CGA Very Fine 25. Treasury Notes in denominations of $10 and $20 have been highly sought after as of late. This piece is a nice, moderately circulated piece with solid paper and decent overprint.

15989

Fr. 375 $20 1891 Treasury Note PMG Very Fine 20. This pleasing Marshall faces up well within the holder. A very minor edge nick is noticed at right.

15990

Fr. 375 $20 1891 Treasury Note Fine. An evenly circulated problem-free example of this scarce and very popular type. Most examples on the market are from a group of high-grade notes. Opportunities to purchase nice, circulated examples like this one seldom appear on the market.

15991

Fr. 377 $100 1890 Treasury Note PMG Very Good 10. Watermelon Hundreds are beyond the budgetary constraints of the vast majority of collectors. This particular note is rather good-looking for its low grade, and although it is repaired, as is noted on the PMG holder, the repairs are minor and of virtually no consequence. It is the closest thing to an affordable Watermelon Hundred that is likely to ever appear on the market. Watermelon $100's have always held a special allure for currency collectors. Only about forty examples of the type are known and if one removes the government held pieces (seven), and the pieces that have not been seen on the market in years (seven more), that does not leave a whole lot of notes to go around for this one-number type. The colors are excellent for the grade, and, while certainly well-worn, the note is intact with strong margins and not a single mentionable problem.

15992

Fr. 708 $1 1918 Federal Reserve Bank Note Radar Serial Number CGA Gem Uncirculated 65. The three digit serial number A171A also happens to be a radar. Embossing of the serial numbers and seal is clearly evident when one views the back of the note.

15993

Fr. 710 $1 1918 Federal Reserve Bank Note PMG Gem Uncirculated 66 EPQ. Solid margins are noted on this Boston Ace.

15994

Fr. 710 $1 1918 Federal Reserve Bank Note CGA Gem Uncirculated 66. This broadly margined issue includes a large inclusion. The inclusion appears to be from the paper-making process.

15995

Fr. 710 $1 1918 Federal Reserve Bank Note Choice New. The originality of this piece is unmistakable as it has been off the market for many years. Proper storage has kept the surfaces the way they should be.
From The John Ameen Collection

15996

Fr. 711 $1 1918 Federal Reserve Bank Note PCGS Gem New 65PPQ. Solid margins surround this triple digit Ace. Embossing of the serial number B125A is plainly evident on the back of the note.

15997

Fr. 711 $1 1918 Federal Reserve Bank Note CGA Gem Uncirculated 65. Embossing of the four digit serial number is plainly evident on the back of the note. The serial number is B2000A.

15998

Fr. 711 $1 1918 Federal Reserve Bank Note CGA Gem Uncirculated 65. This FRBN Ace is sufficiently margined with bright paper. Adding to its full Gem appearance is the solid serial number B99999A. The last auction appearance by this piece was in 1985.

15999

Fr. 711 $1 1918 Federal Reserve Bank Note PMG Choice Uncirculated 64 EPQ. Simply a quality original Eagle Holding Flag with all the characteristics one would hope for in a note of this grade.

16000

Fr. 712 $1 1918 Federal Reserve Bank Note Gem New. Pleasing pack fresh surfaces grace this New York district $1 example that is quite nicely centered.

16001

Fr. 712 $1 1918 Federal Reserve Bank Note PMG Choice Uncirculated 64 EPQ. A little aging does little to distract from this monstrously embossed Green Eagle.
From The Warren Marshall Collection

16002

Fr. 712 $1 1918 Federal Reserve Bank Star Note PMG Choice About Unc 58 EPQ. Under thirty replacement examples are known from the New York district for this issue. Less than half of the notes known are in the higher grade ranges. Expect some heating bidding to take this once folded, original prize home.

16003

Fr. 713 $1 1918 Federal Reserve Bank Notes Cut Sheet of Four PMG Gem Uncirculated 66 EPQ, Gem Uncirculated 65 EPQ (2), Choice Uncirculated 64 EPQ. A lovely cut sheet from New York that contains three gems and one choice note.

16004

Fr. 715 $1 1918 Federal Reserve Bank Note PCGS New 62PPQ. The bank title at the center of the note is deeply embossed enough that it is clearly visible on the back of the note. The margins are sufficient for a full Gem grade.

16005

Fr. 718 $1 1918 Federal Reserve Bank Notes Cut Sheet of Four CGA Gem Uncirculated 68 (2) & Gem Uncirculated 67 (2). Natural paper wave is noticed on this pleasing low three digit serial number cut sheet that carries serial 473, 474, 475 and 476. It has been many years since we have had the privilege of bringing a sheet such as this to auction. All the notes are colorful, with drop dead centering and excellent margins. Sure to please.

16006

Fr. 718 $1 1918 Federal Reserve Bank Note PMG Gem Uncirculated 66 EPQ. This attractive note carries serial number D382A and displays the characteristics against which all other notes are judged.
From The Drew Keough Collection

16007

Fr. 718 $1 1918 Federal Reserve Bank Note PMG Choice About Unc 58 EPQ. This note carries three digit serial D351A. A fold on the right side has done little to diminish the other desirable attributes such as, color, embossing and centering.

16008

Fr. 720 $1 1918 Federal Reserve Bank Note PMG Choice Uncirculated 64 EPQ. With a touch more bottom margin at right this note would be all of a gem.
From The John Ameen Collection

16009

Fr. 720 $1 1918 Federal Reserve Bank Note PCGS Extremely Fine 45PPQ. This bold and original note is three folds from a full uncirculated grade. It is unlikely that this note ever circulated beyond being folded up and placed in an envelope.

16010

Fr. 722 $1 1918 Federal Reserve Bank Note Extremely Fine. This well embossed issue is a couple of folds and some light handling from a full Gem grade.

16011

Fr. 723 $1 1918 Federal Reserve Bank Note PCGS Very Choice New 64PPQ. This Atlanta $10 FRBN exhibits serial number F10A which has just recently surfaced. A bit more margin at lower right and this is most likely gem.

16012

Fr. 727 $1 1918 Federal Reserve Bank Note CGA Gem Uncirculated 67. Full margins are noted on this Superb Ace.

16013

Fr. 727 $1 1918 Federal Reserve Bank Notes Cut Sheet of Four PCGS Choice About New 58. Well margined and nicely centered, this Chicago quartet offers wonderful color and plenty of eye appeal.

16014

Fr. 731 $1 1918 Federal Reserve Bank Note PCGS About New 53. This scarce St. Louis district note appears fully uncirculated in the third party holder. Only about three dozen examples of this issue are known to collectors, hardly enough to satisfy the demand created by the many collectors who are working on completing a FRBN Ace set.

16015

Fr. 731 $1 1918 Federal Reserve Bank Note PMG Very Fine 25. A scarce note from this popular district. The folds are numerous, but fail to affect the printed details.

16016

Fr. 734 $1 1918 Federal Reserve Bank Note PMG Choice Extremely Fine 45. An original thrice folded Minneapolis note showing some embossing.

16017

Fr. 737, Fr. 738, Fr. 739 $1 1918 Federal Reserve Bank Notes Three Examples PMG Gem Uncirculated 65 EPQ. This wonderful trio of different Kansas City Green Eagle notes are well matched with great color and plenty of embossing. The 737 is a little less common.

16018

Fr. 738 $1 1918 Federal Reserve Bank Note PMG Gem Uncirculated 66 EPQ. Nice margins are noticed on this Green Eagle. Though not a scarce Friedberg number from Kansas City, it is an exceptionally graded note.

16019

Fr. 738 $1 1918 Federal Reserve Bank Note CGA About Uncirculated 58. Broad margins and excellent embossing are seen on this Kansas City ace with a soft center fold.

16020

Fr. 742 $1 1918 Federal Reserve Bank Notes Two Consecutive Examples PCGS Very Choice New 64 & Choice New 63. A well matched pair of Dallas Green Eagles no longer seen this way with regularity. Even margins are noticed on both examples.

16021

Fr. 743 $1 1918 Federal Reserve Bank Note PMG Gem Uncirculated 65 EPQ. Embossing of the serial numbers and important design elements is noticed on the back of this Gem.

16022

Fr. 747 $2 1918 Federal Reserve Bank Note PMG Choice Very Fine 35. The folds that account for the grade fail to interrupt any of the design. The Battleship vignette remains bold and fully detailed.
From The John Ameen Collection

16023

Fr. 749 $2 1918 Federal Reserve Bank Note PMG Gem Uncirculated 65 EPQ. A lovely example from a run long ago disbursed to the collecting community. The originality of this well embossed Battleship cannot be overstated. Expect this premium specimen to reach or exceed...
From The Warren Marshall Collection

16024

Fr. 751 $2 1918 Federal Reserve Bank Note PMG About Uncirculated 50. Plenty of margin is noticed on this $2 New York Battleship that is very bright with some embossing remaining.
From The John Ameen Collection

16025

Fr. 751 $2 1918 Federal Reserve Bank Note CGA Very Fine 25. The paper is solid, though a small stain is noted and well hidden in the details of the design.

16026

Fr. 752 $2 1918 Federal Reserve Bank Note PMG Gem Uncirculated 65 EPQ. This attractive Battleship boasts razor sharp corners and a bold blue overprint. The last similarly graded Deuce from the New York district sold for more than $3700.

16027

Fr. 752 $2 1918 Federal Reserve Bank Note Very Fine. The surfaces are a tad soft, but this New York District Battleship Deuce has the eye appeal of an XF example.

16028

Fr. 753 $2 1918 Federal Reserve Bank Note CGA Extremely Fine 45. Two folds account for the grade on this pleasingly bright Battleship.

16029

Fr. 756 $2 1918 Federal Reserve Bank Note Very Fine. This lightly toned piece faces up well with a bold blue overprint.

16030

Fr. 757 $2 1918 Federal Reserve Bank Note PMG Gem Uncirculated 66 EPQ. A beautifully bright three-digit example from the Cleveland District. PMG has graded only around forty 66 Battleships with just two higher. This one is enhanced by its three-digit serial number. Incredibly deep original embossing also highlights this beautifully centered, fully colored Deuce.

16031

Fr. 758 $2 1918 Federal Reserve Bank Note CGA About Uncirculated 50. A lightly circulated Cleveland Battleship Deuce.

16032

Fr. 758 $2 1918 Federal Reserve Bank Note Fine-Very Fine. The paper is a touch dark, but this Cleveland Battleship Two makes the VF grade in most other respects.

16033

Fr. 759 $2 1918 Federal Reserve Bank Note PCGS Very Choice New 64. A pleasing Cleveland Battleship. Plenty of embossing is noticed, with a tight bottom margin the only cause for concern.

16034

Fr. 763 $2 1918 Federal Reserve Bank Note PMG Very Fine 25. Over four years have passed since a note carrying this elusive signature combination has been offered by us. With a census number of 16 examples, it is possible that few more additional notes stand to be recorded. Deep inks grace bright, white surfaces. Expect this series key to realize...

16035

Fr. 767 $2 1918 Federal Reserve Bank Note PMG About Uncirculated 55 EPQ. Some light handling and a mere corner fold are noted on this otherwise uncirculated issue with bold embossing.

16036

Fr. 767 $2 1918 Federal Reserve Bank Note Very Fine. A bright Battleship from the "Windy City" that is nicely margined.

16037

Fr. 775 $2 1918 Federal Reserve Bank Note PCGS Very Fine 35PPQ. The paper is clearly original, thus the Premium Paper Quality designation. A bold overprint complements the bright white paper.

16038

Fr. 779 $2 1918 Federal Reserve Bank Note PMG Very Fine 25. A popular San Francisco Deuce is in a decent mid-grade level of preservation. Only about two dozen examples of this number are known, with this piece being the first to make an auction appearance this year.

16039

Fr. 780 $2 1918 Federal Reserve Bank Note PMG Very Fine 25. While not scarce with a population right around 50 pieces, it does require a bit of time to locate a pleasing San Francisco example such as this.

16040

Fr. 782 $5 1918 Federal Reserve Bank Note PCGS Very Fine 30. Pleasing, original paper with a minimum of folds is noted on this popular FRBN.

16041

Fr. 785 $5 1918 Federal Reserve Bank Note CGA Gem Uncirculated 66. The margins are fully Gem, if not Superb, though some discoloration is noted on the right hand serial number of the otherwise bright overprint.

16042

Fr. 785 $5 1918 Federal Reserve Bank Note PMG Choice Extremely Fine 45 EPQ. This pleasing mid-grade note from the Cleveland district displays even margins. Plenty of embossing is also noticed on this example.
From The Drew Keough Collection

16043

Fr. 785 $5 1918 Federal Reserve Bank Note PMG Very Fine 25. A lightly circulated Cleveland $5 FRBN.

16044

Fr. 787 $5 1918 Federal Reserve Bank Note PMG About Uncirculated 55. An elusive example in the higher grades. This 1918 Cleveland note is bright with even margins framing surfaces impeded by a corner and center fold.
From The Warren Marshall Collection

16045

Fr. 787 $5 1918 Federal Reserve Bank Note CGA Extremely Fine 45. About three dozen examples of this Cleveland district issue are known, a handful of which are permanently impounded in the Smithsonian or have never been offered for public sale. This piece is original, with much of the embossing remaining.

16046

Fr. 794 $5 1918 Federal Reserve Bank Note CGA Gem Uncirculated 66. Most recently seen in our 2007 Central States Signature Auction. Expect this bright, well margined Chicago FRBN to realize in the range of...

16047

Fr. 794 $5 1918 Federal Reserve Bank Note PMG Choice About Unc 58. A soft center fold can clearly be seen on this Chicago FRBN, which is elusive in the higher grades.
From The John Ameen Collection

16048

Fr. 794 $5 1918 Federal Reserve Bank Note PCGS Extremely Fine 40PPQ. Four folds are noticed on this Chi-town $5 FRBN which is bright and original.

16049

Fr. 794 $5 1918 Federal Reserve Bank Note PMG Extremely Fine 40. A design type which is sure to gain in popularity as its scarcity becomes better known.

16050

Fr. 794 $5 1918 Federal Reserve Bank Note PCGS Very Fine 35. This lightly circulated FRBN has all the eye appeal of a full AU.

16051

Fr. 794 $5 1918 Federal Reserve Bank Note PMG Very Fine 25. The paper is bright white and contrasts nicely with the bright blue overprint.

16052

Fr. 796 $5 1918 Federal Reserve Bank Note Very Fine. Always a popular issue which should see some spirited bidding.

16053

Fr. 799 $5 1918 Federal Reserve Bank Note CGA Very Fine 20. This is a slightly better issue which infrequently appears in higher grade. The note is moderately circulated and without distraction.

16054

Fr. 803 $5 1918 Federal Reserve Bank Note CGA Very Fine 30. This problem free issue shows some moderate wear and is completely free of distractions.

16055

Fr. 800 $5 1915 Federal Reserve Bank Note PMG Very Good 10. This is a well worn, yet intact example from this rapidly disappearing Friedberg number.

16056

Fr. 812 $10 1918 Federal Reserve Bank Note Very Good. Well worn with some staining at the edges. This Atlanta District FRBN Ten is quite a scarce note with only thirty examples known.

16057

Fr. 819 $10 1915 Federal Reserve Bank Note PMG Extremely Fine 40. A low four digit serial number is noticed on this Dallas issue, which is represented by less than 45 examples currently in the census. Hugely margined with eye catching color and excellent centering, expect a hammer price in the area of...
From The John Ameen Collection

16058

Fr. 823 $20 1918 Federal Reserve Bank Note Fine. Less than forty examples are known for this not often seen Atlanta type, several of which are permanently impounded. Only five of the twelve Federal Reserve Banks issued Twenties, and none of the Friedberg numbers can be considered common. Slight discoloration is seen on the back.
From The John Ameen Collection

16059

Fr. 828 $20 1915 Federal Reserve Bank Note Very Good. A scarce type from any district, and scarcer still from Dallas. Although only grading VG, save for a relatively small tape stain, the note is problem-free.

16060

Fr. 833a $5 1914 Red Seal Federal Reserve Note PCGS Fine 15. Red Seal "a's" do not have the district designation in the lower right-hand corner. $5 New York Red Seal "a's" are outnumbered by "b's" over three to one.

16061

Fr. 833b $5 1914 Red Seal Federal Reserve Note PCGS Gem New 66PPQ. High-end Red Seal Feds will always be rare. PCGS population reports are not yet available, but we would be very surprised if this note had much company at the 66PPQ level. Most districts will likely never have a Red Seal graded this high by PCGS. These Fr. 833b's from the NY district do come nice, but very few are this nice. Only one other comparable piece has been offered at major auction, another 66PPQ that realized more than $6,000 at the beginning of 2006.

16062

Fr. 833b $5 1914 Red Seal Federal Reserve Note Choice About New. This perfectly original and well embossed issue is a lone centerfold from being a fully margined Very Choice issue.
From The Drew Keough Collection

16063

Fr. 833b $5 1914 Red Seal Federal Reserve Note Very Fine-Extremely Fine. Here is another problem free mid-grade note that is deeply inked.
From The John Ameen Collection

16064

Fr. 833b $5 1914 Red Seal Federal Reserve Note Very Fine-Extremely Fine. Plenty of crispness remains on this evenly margined note with excellent eye appeal.

16065

Fr. 837a $5 1914 Red Seal Federal Reserve Note PMG Very Good 10 Net. Some minor rust stains are noted on this piece. However, the note is one of fewer than two dozen known to exist. The overprint remains bold.

16066

Fr. 838a $5 1914 Red Seal Federal Reserve Note PMG About Uncirculated 55 Net. PMG has noted a discoloration on the holder which affects a slight portion of the back. It faces up well and is quite bright with good centering.

16067

Fr. 838b $5 1914 Red Seal Federal Reserve Note CGA Very Fine 35. This example features a seal and serial numbers that remain bright, as well as fresh paper.

16068

Fr. 843a $5 1914 Red Seal Federal Reserve Note PMG Choice Very Fine 35 EPQ. The last appearance of an issue from this District was in 2003. That piece, a Very Fine realized more than $2,500. Four years later, this Red Seal remains an incredible rarity with only six notes available to collectors. Though three finer pieces are known, two of those were gifted to the Smithsonian by Chase Manhattan Bank. The paper quality is exceptional with broad margins and a bold red overprint.

16069

Fr. 843b $5 1914 Red Seal Federal Reserve Note Fine. This note retains great color for its level of circulation. To date, fewer than three dozen examples of this number are known to collectors.

16070

Fr. 845 $5 1914 Federal Reserve Star Note PCGS Fine 12. This is one of just four Burke-Glass $5 Boston stars in the census, and represents a nice way to start off the Lawrence O'Neal Collection of Federal Reserve Star Notes. We sold a similarly graded Fr. 845 star over two years ago for $4887.50 and see no reason why this PCGS certified specimen should realize any less.
From The Lawrence O'Neal Collection

16071

Fr. 846 $5 1914 Federal Reserve Star Note Very Fine. This example, which bears the highest serial number of any of the ten Fr. 846 stars reported, is an evenly circulated example which is attractive and problem free for the grade.
From The Lawrence O'Neal Collection

16072

Fr. 847a $5 1914 Federal Reserve Star Note Very Fine+. Twenty Fr. 847a stars are known, with this one of the nicer examples. It's an evenly circulated piece with good color and plenty of crispness left in the paper.
From The Lawrence O'Neal Collection

16073

Fr. 849 $5 1914 Federal Reserve Star Note Very Good. This is by far the scarcest New York $5 star, with the census standing at just four pieces. The O'Neal specimen is new to that listing, bringing the total to five known. While quite well circulated, it is fully intact and displays decent color for the grade. There have been no offerings of any Fr. 849 star since early 2003, but if rarity is any guide, expect this example to realize...
From The Lawrence O'Neal Collection

16074

Fr. 850 $5 1914 Federal Reserve Star Note Very Fine. This star falls well into the top half of the twenty three examples reported to date for this Friedberg number. A small inked number on the front is mentioned for total accuracy in grading.
From The Lawrence O'Neal Collection

16075

Fr. 851a $5 1914 Federal Reserve Note Gem New. Very natural with wonderful bold embossing and centering commensurate with the grade. Wonderful paper wave and bright inks are sure to please.

16076

Fr. 851a $5 1914 Federal Reserve Star Note CGA Choice Uncirculated 64. This attractive example is listed as one of a consecutive pair of uncirculated pieces in the new star reference, and has been slabbed by CGA as Choice Uncirculated 64. Although 82 stars are known for this number, this is the highest grade certified example to date.

16077

Fr. 851b $5 1914 Federal Reserve Note PCGS Choice New 63PPQ. All the right paper waves are seen in all the right places. The texture of the paper is ideally original.

16078

Fr. 851b $5 1914 Federal Reserve Star Note Very Fine. A very rare star, with this one of just six examples reported. Two of that number are damaged, leaving just four unmarred specimens for collectors. This is a nice one, with good color and paper quality. Expect to see a winning bid in the vicinity of...
From The Lawrence O'Neal Collection

16079

Fr. 851c $5 1914 Federal Reserve Note CGA Gem Uncirculated 66. Embossing of the serial numbers and the paper waves are easily seen through the third party holder.

16080

Fr. 851c $5 1914 Federal Reserve Star Note Fine+. A decent evenly circulated star note with no problems at all to report.
From The Lawrence O'Neal Collection

16081

Fr. 855a $5 1914 Federal Reserve Note CGA Choice Uncirculated 64. Deeply printed design details contrast against the bright paper and deep blue seal.

16082

Fr. 855c $5 1914 Federal Reserve Notes Six Consecutive Examples Choice About New. A cut sheet is contained within this pleasing grouping. Plenty of original embossing remains with bright color. Without the soft center fold these notes would certainly grade choice new.

16083

Fr. 857 $5 1914 Federal Reserve Star Note Very Good. A rare star which is one of only three examples extant for this Friedberg number. The two other examples include one piece in identical grade, and one in somewhat nicer condition. Track and Price shows only two offerings of this star during the past two decades, not surprising with a population of only three pieces.
From The Lawrence O'Neal Collection

16084

Fr. 859a $5 1914 Federal Reserve Note CGA Gem Uncirculated 65. Solid margins and good color highlight this $5 FRN.

16085

Fr. 859a $5 1914 Federal Reserve Note CGA Gem Uncirculated 65. Solid margins are noted on this Cleveland issue.

16086

Fr. 859a $5 1914 Federal Reserve Notes PMG Extremely Fine 45 EPQ & About Uncirculated 55 EPQ. This near consecutive pair is well inked and crisp with plenty of embossing remaining.

16087

Fr. 859a $5 1914 Federal Reserve Star Note PCGS About New 50PPQ. Twenty five stars are reported for this number, but only three are nicer than this PCGS graded example.
From The Lawrence O'Neal Collection

16088

Fr. 859c $5 1914 Federal Reserve Star Note PCGS Extremely Fine 40PPQ. An attractive and rare star which is one of five reported examples for this Friedberg number. Three pieces are low grade, leaving only this and one other example for collectors trying to assemble high grade star sets. A similarly graded piece realized over $4000 two years ago and we see no reason why this example should not equal or better that figure tonight.
From The Lawrence O'Neal Collection

16089

Fr. 862 $5 1914 Federal Reserve Note CGA About Uncirculated 58. A lone centerfold separates this note from a full Very Choice grade. Interestingly, the fold is most visible from the back, leaving the face design uninterrupted.

16090

Fr. 862 $5 1914 Federal Reserve Star Note Fine. An even dozen star examples are listed for this Friedberg number, with the O'Neal holdings containing not one but two specimens. This is, by a very slight margin, the nicer of the pair.
From The Lawrence O'Neal Collection

16091

Fr. 862 $5 1914 Federal Reserve Star Note Fine. Just a bit of light soil separates this Fr. 862 star from its sibling offered above.
From The Lawrence O'Neal Collection

16092

Fr. 866 $5 1914 Federal Reserve Star Note Fine-Very Fine. Although eleven Fr. 866 stars are listed in the census, offerings have been few and far between, with our company having sold only three examples since 1990. The front is fully Very Fine here, but the back displays a couple of light paper clip stains as well as a few small paper pulls.
From The Lawrence O'Neal Collection

16093

Fr. 868 $5 1914 Federal Reserve Star Note PCGS Fine 15. This is an exceptionally rare $5 Burke-McAdoo star which is one of two such examples known from the Chicago district. It's the nicer of the pair as well, having been graded Fine 15 by PCGS. With the demand for rare star notes at all time high levels, any estimate here is mere conjecture, but we would be quite surprised if bidding did not easily reach and likely even exceed...
From The Lawrence O'Neal Collection

16094

Fr. 871c $5 1914 Federal Reserve Star Note Very Good. Four star specimens are known for this Friedberg number, two quite high grade and two less than high grade. This example is one of the latter pieces. We recently sold one of the two uncirculated examples for over $6000. This unmolested note should easily be worth...
From The Lawrence O'Neal Collection

16095

Fr. 872 $5 1914 Federal Reserve Star Note PCGS Very Fine 25. This is one of the highlights of the O'Neal Collection, as it is the finest of only four recorded Fr. 872 stars, and by a very wide margin at that. It's an attractive piece which is certain to please, and one which has the rarity and eye appeal to see bidding reach or exceed...
From The Lawrence O'Neal Collection

16096

Fr. 873 $5 1914 Federal Reserve Star Note PCGS Very Fine 35. A second outstanding St. Louis district $5 star from the O'Neal holdings. It is, for reasons best known only to the catalogue compilers, listed in the star census as CU, having been reported in that grade as far back as October, 1977. While quite nice, it is definitely not uncirculated. Of the nine pieces making up the census for this number, however, it is easily the second finest, and, with only one other star of this number offered since 2000, a very challenging number to acquire in any grade.
From The Lawrence O'Neal Collection

16097

Fr. 874 $5 1914 Federal Reserve Star Note PMG Very Fine 20. Only 13 replacements are known for this scarce St. Louis issue. The colors are bright and expect a realization in the area of...

16098

Fr. 875b $5 1914 Federal Reserve Note PCGS New 62. This is a bright example of the "b" type that is a touch tight along the top margin.

16099

Fr. 878 $5 1914 Federal Reserve Star Note PCGS Fine 12. A PCGS graded example which is one of only eleven star notes known for this number. It fits right into the middle of the grade range, as the highest grade specimen listed grades only Very Fine.
From The Lawrence O'Neal Collection

16100

Fr. 879a $5 1914 Federal Reserve Note PMG Choice Uncirculated 64 EPQ. A nice uncirculated note from an issue dominated by circulated notes. Well margined with plenty of original punch through embossing present.

16101

Fr. 881 $5 1914 Federal Reserve Star Note PCGS Fine 15. Another rarity from the O'Neal holdings, with this one of just three known Fr. 881 star notes. We've now sold all three of them, with the last, the nicest reported specimen, realizing $6900 as part of our Richard Merlau collection sale in May of 2005.
From The Lawrence O'Neal Collection

16102

Fr. 882 $5 1914 Federal Reserve Note CGA About Uncirculated 50. Kansas City is a district that remains quite collectible. This KC $5 is nicely margined and bright.

16103

Fr. 882 $5 1914 Federal Reserve Star Note PCGS Very Fine 30. This example is arguably the finest known Fr. 882 star, as it appears that PCGS was more than a mite conservative in assigning a grade of Very Fine 30. It's listed in the census as Extremely Fine, and, through the holder, it certainly lays substantial claim to that ranking. Only one other of the nine known grades Fine or better, and, whether finest or second finest, it is an attractive and scarce item worthy of a strong bid.
From The Lawrence O'Neal Collection

16104

Fr. 882 $5 1914 Federal Reserve Star Note PCGS Fine 12. Deeply printed devices retain all of their original detail. A lone pinhole is noted at the intersection of the vertical and horizontal centerfolds. To date, fewer than ten stars have been reported for this Kansas City issue.

16105

Fr. 887a $5 1914 Federal Reserve Note CGA Gem Uncirculated 65. The serial number on this Dallas $5 rests between two very close serial numbers of CU pieces in the census. This piece is fully margined with A deeply printed design and bold overprint.

16106

Fr. 891a $5 1914 Federal Reserve Star Note PCGS Very Choice New 64PPQ. Twenty stars are reported for this number, but only two of that number are uncirculated, with this by far the nicer of the pair. The new star catalogue indicates a value of $4300 in CU, and, while this reference has not been out long enough to determine the validity of its price structure, we feel confident that just about any star save for the very most common in this state of preservation will reach this figure.
From The Lawrence O'Neal Collection

16107

Fr. 893a $10 1914 Red Seal Federal Reserve Note Extremely Fine. This piece appears fully Choice or better, but there are three faint bends noted in the paper.

16108

Fr. 893b $10 1914 Red Seal Federal Reserve Note CGA Extremely Fine 40. The overprint is still sufficiently bright for the grade.

16109

Fr. 899a $10 1914 Red Seal Federal Reserve Note PMG Choice About Unc 58 EPQ. From a run of notes that included the Burnside Collection piece, this pleasing example boasts generous margins, great color, and original surfaces. It has great eye appeal and should see some spirited competition to bring it home.

16110

Fr. 909 $10 1914 Federal Reserve Star Note Fine. A decent example which is one of just eight $10 New York district Burke-Glass stars known. This piece has been off the market since our consignor obtained it in our May, 1999 CAA sale.
From The Lawrence O'Neal Collection

16111

Fr. 910 $10 1914 Federal Reserve Note PMG Gem Uncirculated 66 EPQ. Deep embossing and solid margins are noted on this near-Superb issue.

16112

Fr. 910 $10 1914 Federal Reserve Note PMG Choice About Unc 58. A lightly handled example of a desirable Burke-Houston Big Apple issue.
From The Drew Keough Collection

16113

Fr. 911a $10 1914 Federal Reserve Notes Three Examples Choice About New. A trio of wonderful New York issues serving up plenty of original embossing and all exhibiting a soft center fold.

16114

Fr. 911a $10 1914 Federal Reserve Notes Cut Sheet of Four Choice About New. This lovely cut sheet contains notes which were once folded and put away after their acquisition from the bank. Wonderful surfaces with plenty of bright color give the initial appearance of Choice.

16115

Fr. 911a $10 1914 Federal Reserve Note PMG About Uncirculated 55. This bright piece features nearly perfect margins on all sides, but is separated from a full Gem grade by a lone centerfold.

16116

Fr. 911c $10 1914 Federal Reserve Note PCGS Choice About New 58. A lone corner tip fold in the upper left corner separates this well margined piece from a full Gem grade.

16117

Fr. 911c $10 1914 Federal Reserve Star Note Fine+. This is one of thirteen known examples, and falls midway into the pack for grade as well.
From The Lawrence O'Neal Collection

16118

Fr. 915a $10 1914 Federal Reserve Star Note PCGS Very Fine 35PPQ. This is another star census anomaly, as this piece is listed as uncirculated, which, even with the most cursory of inspections, it clearly is not. It is, however, an attractive specimen which is one of only four reasonably high grade examples of this star number extant.
From The Lawrence O'Neal Collection

16119

Fr. 919a $10 1914 Federal Reserve Note Choice About New. A single light fold just to the left of the seal holds this Cleveland District Ten from the Choice New grade.

16120

Fr. 919a $10 1914 Federal Reserve Star Note Fine. A new piece to the census, which now numbers fifteen examples. There is a bit of very light staining that is barely worthy of mention.

16121

Fr. 919c $10 1914 Federal Reserve Star Note Very Good. The sale of the O'Neal Collection marks the first time that this unique note has been available at public sale. No example of this Friedberg number was known until this piece surfaced in 2003, and it remains a one of a kind item today. It's well circulated but intact, with a more than acceptable appearance considering its rarity. Any estimate here is simply a guess, but for the serious collector of star notes, this piece represents one of the holy grail items which simply must be obtained if their collection ever stands a chance of becoming complete.
From The Lawrence O'Neal Collection

16122

Fr. 921 $10 1914 Federal Reserve Star Note PCGS Fine 12. This excessively rare note is another highlight of the O'Neal star collection. It's one of just two known Fr. 921 stars, and has been off the market since its last appearance over sixteen years ago in a 1991 Hickman auction. Any item this rare is almost impossible to estimate in a market as buoyant as ours, but a conservative figure here is likely...
From The Lawrence O'Neal Collection

16123

Fr. 924 $10 1914 Federal Reserve Star Note PCGS Very Fine 20. The parade of star rarities from the O'Neal Collection continues with this amazing item, one of just two stars reported for this Burke-McAdoo Friedberg number. This piece was obtained privately and has never, to our best knowledge, been offered at public sale to the collecting fraternity. Now ensconced in a PCGS Very Fine 20 holder, this example offers what is perhaps the only opportunity that will become available in the next generation to own any example of this star rarity.
From The Lawrence O'Neal Collection

16124

Fr. 925 $10 1914 Federal Reserve Star Note PCGS Very Fine 25. Five examples are known of this Burke-Glass Atlanta star, with all save one very closely held for at least the last twenty years. Our last offering came back in 1995, when, in a considerably slower market, we sold a somewhat lower grade specimen for almost $1100. Expect a realization about three times that figure for this note tonight.
From The Lawrence O'Neal Collection

16125

Fr. 929 $10 1914 Federal Reserve Note PMG Choice Uncirculated 64 EPQ. New examples of the Burke-Glass signature combination are elusive as they are tightly held.

16126

Fr. 929 $10 1914 Federal Reserve Star Note Very Good. Six examples of this Chicago district Burke-Glass star are reported, but, as is the case so often with star examples, all have been tightly held over the years, with only one piece ever coming out at public sale. That example traded hands over a dozen years ago when we sold the Conklin star holdings. This specimen is well circulated but fully intact and problem free for the grade.
From The Lawrence O'Neal Collection

16127

Fr. 930 $10 1914 Federal Reserve Note PCGS Gem New 65PPQ. This example is quite bright with very deep inks and vibrant overprints. It's a note any collector would be proud to own.

16128

Fr. 930 $10 1914 Federal Reserve Note PMG About Uncirculated 55. Pleasing margins are noticed on this colorful Chicago Sawbuck that is oh so close to Choice New.

16129

Fr. 930 $10 1914 Federal Reserve Star Note Fine-Very Fine. A nice circulated example of a more common star number.
From The Lawrence O'Neal Collection

16130

Fr. 934 $10 1914 Federal Reserve Star Note Fine-Very Fine. While not a truly rare number for stars, with fifteen examples reported, this St. Louis district specimen is one of the nicer pieces known. Only two are truly high grade, with all of the others grading Fine-Very Fine or lower. This is a nicely colored and problem free piece for the grade.
From The Lawrence O'Neal Collection

16131

Fr. 937 $10 1914 Federal Reserve Star Note Very Good-Fine. A very scarce number with this one of just seven star examples reported. While well circulated, this specimen is problem free for the grade.
From The Lawrence O'Neal Collection

16132

Fr. 942 $10 1914 Federal Reserve Star Note PCGS Very Choice New 64PPQ. Thirteen Fr. 942 stars are known, with four of that number, including this specimen, grading uncirculated. We sold a Very Fine-Extremely Fine Fr. 942 in our last sale. Starting with a pre-sale estimate of $1250-up, it realized a startling $4600, giving some previously skeptical observers a quick education on how popular high grade large size stars had become. This example, graded Very Choice New 64 and bearing PCGS' coveted PPQ designation, will likely bring considerably in excess of that earlier figure.
From The Lawrence O'Neal Collection

16133

Fr. 943a $10 1914 Federal Reserve Note Consecutive Pair Very Fine-Extremely Fine. The surfaces are a hair soft on both notes of this clean, attractive Kansas City Ten Dollar Federal Reserve Note Pair.

16134

Fr. 944 $10 1914 Federal Reserve Star Note PCGS Extremely Fine 40. A simply great note which is by far the finest of the three existing examples of this Dallas star. This is the scarcest of all of the districts from which to find any stars, and we are privileged to offer a pair of them here in the O'Neal collection. We have only had one other Fr. 944 star to offer in any of our other sales, and that came back in 1995 when we sold Tom Conklin's celebrated star note holdings.
From The Lawrence O'Neal Collection

16135

Fr. 945 $10 1914 Federal Reserve Note PMG Very Fine 20. A very rare Friedberg number with a dozen examples enumerated in the Track & Price census. With the growing emphasis on collecting signature combination rarities within otherwise available overall design types, it is difficult to predict just how high demand will push this rare item. An XF auctioned at Long Beach last year realized $5175.

16136

Fr. 945 $10 1914 Federal Reserve Note Very Good-Fine. This Burke-Glass Dallas district note is a rare piece indeed, with just twelve examples making up the entire census for this number. We've had just two to offer in all of our sales combined. Although quite well circulated, this piece is problem free for the grade.

16137

Fr. 946 $10 1914 Federal Reserve Star Note PCGS Very Fine 30PPQ. A second $10 Dallas district rarity, with this one of five pieces reported for this Friedberg number. This marks the first time this example has been offered at public sale, and represents the nicest specimen to be auctioned since the Thompson sale of 1991.
From The Lawrence O'Neal Collection

16138

Fr. 947 $10 1914 Federal Reserve Note PMG Choice Uncirculated 64 EPQ. This fully margined issue shows bright and original paper with a bold overprint. The last Very Choice example of this issue we handled realized a touch more than $1000 in 2006. A bit of furling is noted in the lower margin, perhaps restricting it from a full Gem grade or finer.

16139

Fr. 951a $10 1914 Federal Reserve Note CGA Crisp Uncirculated 62. A vibrant $10 example from the San Francisco district.

16140

Fr. 951a $10 1914 Federal Reserve Note Very Fine. A natural mid-range VF, but it is perfect from the face. The back bears an interesting bank-style stamp that we have not seen before--it is from a foreign money changer located on Battery Road in Singapore. The address appears to be "8-A Battery Road", but I would check first before attempting an unannounced visit. Interesting and unusual.
From The Warren Marshall Collection

16141

Fr. 953a $20 1914 Red Seal Federal Reserve Note Extremely Fine. Three light bends do little to distract from the Gem eye appeal and deeply colored overprint.
From The Drew Keough Collection

16142

Fr. 953a $20 1914 Red Seal Federal Reserve Note CGA Very Fine 35. A tougher colorful Red Seal $20 FRN that has a little margin notch and some light soiling.

16143

Fr. 953b $20 1914 Red Seal Federal Reserve Note PMG Gem Uncirculated 66 EPQ. PMG has graded four Fr. 953b's at this 66 EPQ level, but that is a very deceptive part of the story. Those four notes are the only $20 Red Seals at this level for all Friedberg numbers and districts combined. This is an extremely rare type in Superb condition. The note itself is incredibly well margined, with plainly evident original embossing, and ideal color of the inks and paper.

16144

Fr. 962 $20 1914 Red Seal Federal Reserve Note CGA Extremely Fine 40. A dozen and a half examples of this issue have been reported in the currency community, though three are permanently impounded in the Smithsonian's collection. This piece is new to that census and is a welcome addition. The overprint is cherry red and the paper is bright for the grade.

16145

Fr. 965 $20 1914 Federal Reserve Star Note PCGS Fine 12. This is one of just three $20 Boston Burke-Glass star examples known, and the first to come to the market since we sold a Very Fine specimen for $7475 back in 2005. With that note residing in a prominent west coast collection and likely off the market for the foreseeable future, who can estimate what this evenly circulated example might bring? Whatever the number, it will likely seem inexpensive the day after the sale, for where can another such note be obtained for almost any price?
From The Lawrence O'Neal Collection

16146

Fr. 969 $20 1914 Federal Reserve Star Note PCGS Very Fine 20. This is one of five known Burke-Glass New York district $20 stars. It was obtained from our January, 2005 FUN sale, where it fetched $2530. Expect it to bring no less, and quite probably more, by the time the hammer falls this evening.
From The Lawrence O'Neal Collection

16147

Fr. 969 $20 1914 Federal Reserve Note Very Fine+. Over 75% of the known notes of this number are lower grade than this example. Pleasing natural surfaces grace this example with the elusive Burke-Glass signature combination.

16148

Fr. 974 $20 1914 Federal Reserve Star Note PCGS Fine 15. A few more than a dozen stars are known on this Philly issue. With the exception of a lone AU, those pieces are all moderately to heavily circulated. This piece is evenly circulated with bold serial numbers.

16149

Fr. 978 $20 1914 Federal Reserve Note CGA Gem Uncirculated 68. Around 75 pieces are known of this Cleveland District Burke-Houston signature combination, but few if any of them can rival this note for quality. It appears to have earned its high third-party 68 grade.

16150

Fr. 982 $20 1914 Federal Reserve Star Note Fine. A very scarce $20 star which is new to the census for this number, which now totals just seven pieces known. This is an evenly circulated example which is problem free for the grade.
From The Lawrence O'Neal Collection

16151

Fr. 984 $20 1914 Federal Reserve Star Note PCGS Very Fine 30. A high grade example which is one of eleven $20 Atlanta district Burke-McAdoo stars reported to date. This attractive note is far nicer than most from here and appears very conservatively graded.
From The Lawrence O'Neal Collection

16152

Fr. 984 $20 1914 Federal Reserve Star Note PCGS Fine 15. This original piece is evenly circulated and problem-free. Until this year, this piece has been tightly held in a collection since we last sold it in 1997.

16153

Fr. 986 $20 1914 Federal Reserve Note PCGS Superb Gem New 67PPQ. To date, no other Superb Gem third party graded examples of this Atlanta District issue have made auction appearances. It is likely that this is the finest known piece from a small run of CU notes. The margins are solid and the paper especially bright.

16154

Fr. 989 $20 1914 Federal Reserve Star Note Very Good-Fine. This Chicago district Burke-Glass note is new to the census, which now totals just six pieces. Most have been off the market for many years; Track and Price notes just one auction offering for this number since 1996.
From The Lawrence O'Neal Collection

16155

Fr. 990 $20 1914 Federal Reserve Note CGA About Uncirculated 58. This piece is a little skewed in the borders, but is bright and appealing. The lone fold is noted in the center.

16156

Fr. 990 $20 1914 Federal Reserve Star Note PMG Very Good 10. On average, only about two examples of this scarce Star make appearances at public auction in any given year. A couple of pinholes are noted, but they do not reduce the value of the note.

16157

Fr. 992 $20 1914 Federal Reserve Star Note Very Good. A tougher St. Louis district star with only seven examples reported. The highest grade specimen is only Very Fine, and, with the exception of one Fine example, the remainder grade Very Good or worse. This is a decent albeit well circulated piece that has claims to a somewhat higher grade.
From The Lawrence O'Neal Collection

16158

Fr. 996 $20 1914 Federal Reserve Star Note Fine. One of five Fr. 996 stars known, one of which is damaged. We have never had any example of this number to offer in any of our sales dating back to 1990. Expect to see some stiff competition before this Minneapolis star finds a new owner this evening.
From The Lawrence O'Neal Collection

16159

Fr. 1002 $20 1914 Federal Reserve Star Note Fine. An attractive piece which is as nice as any Fr. 1002 star ever offered at public sale. It is clean and problem free, with good color and eye appeal for the grade.
From The Lawrence O'Neal Collection

16160

Fr. 1004 $20 1914 Federal Reserve Star Note PCGS Very Fine 20. This Dallas star is the third highest grade example known for this number, and the highest grade piece to be offered at public sale since the Thompson collection specimen was sold back in 1991. With the popularity of notes from this district, expect a realization in the range of...
From The Lawrence O'Neal Collection

16161

Fr. 1010 $20 1914 Federal Reserve Star Note PCGS Fine 12. A mere eight examples of this scarce replacement are known to collectors. The all important serial numbers and stars are bold, and a handful of pinholes are mentioned for the sake of accuracy.

16162

Fr. 1011a $20 1914 Federal Reserve Note CGA Gem Uncirculated 65. Broad margins and excellent centering of both sides on this third-party graded Gem $20 San Francisco Fed.

16163

Fr. 1011b $20 1914 Federal Reserve Note Extremely Fine-About Uncirculated. Although this is not a terribly scarce number, fewer than a half dozen high grade examples are listed in the census. This piece, which is bright and shows barely any traces of circulation, is far closer to the higher grade here than the lower.

16164

Fr. 1022 $50 1914 Red Seal Federal Reserve Note Very Good. A scarce Red Seal Fifty with some rather serious stains and assorted schmutz. Only eighteen examples are known of this Dallas $50 Red Seal. Enclosed is an original note from an early dealer emphasizing the scarcity and the bargain price due to the note's problems. It is signed simply "Roland", but since we knew two Rolands, we are uncertain which one this is.

16165

Fr. 1025 $50 1914 Federal Reserve Note PMG Fine 12. About two dozen representatives of this issue have been reported to census takers. This piece is solid, despite its grade.

16166

Fr. 1025 $50 1914 Federal Reserve Note Fine. A tougher Friedberg number bearing the scarce Burke-Glass signatures. This evenly circulated piece has no problems whatever for the grade.

16167

Fr. 1029 $50 1914 Federal Reserve Note PMG Very Fine 25. Fewer than three dozen examples of this issue are known in currency circles, and a quick survey of the census indicates only two finer specimens are known. This piece is a pleasing mid-grade example with nothing more than a couple of pinholes.

16168

Fr. 1029 $50 1914 Federal Reserve Note Very Fine. Solid margins and bright paper are noted on this New York District note.

16169

Fr. 1030 $50 1914 Federal Reserve Star Note PCGS Fine 12. An exceptionally rare $50 Fed star, with just three examples reported for this number and for this district as well. We've now had the pleasure of selling all three of the known examples, with this the nicest of the trio. It's the only one never to have previously crossed the auction block, having been privately obtained by our consignor many years ago. With star note rarities finally bringing prices commensurate with their true scarcity, expect this example to easily reach and likely exceed our estimate of...
From The Lawrence O'Neal Collection

16170

Fr. 1031b $50 1914 Federal Reserve Note PMG Very Fine 20. Only about a dozen examples of this "B" variety have been reported extant. This piece is pleasing and original with a bold overprint, full margins and a lone pinhole to report.

16171

Fr. 1031b $50 1914 Federal Reserve Note PMG Choice Fine 15. This is one of just 14 examples that carries the small district designator below the seal.

16172

Fr. 1032 $50 1914 Federal Reserve Note PMG Very Fine 20. Broad margins and full remaining details are noted on this issue. To date, fewer than two dozen notes have been reported to census takers.

16173

Fr. 1038 $50 1914 Federal Reserve Note PCGS Very Fine 20. A Cleveland example that is nice, colorful and problem free for the grade.

16174

Fr. 1038 $50 1914 Federal Reserve Note PMG Very Fine 20. Strong embossing is seen through the third party holder on this moderately circulated and delightful FRN from the Cleveland district.

16175

Fr. 1039a $50 1914 Federal Reserve Note PCGS Very Fine 35PPQ. A nice clearly natural VF with good color, and broad margins.

16176

Fr. 1039a $50 1914 Federal Reserve Note Very Fine. Natural looking notes such as this always bring a premium bid.
From The John Ameen Collection

16177

Fr. 1039a $50 1914 Federal Reserve Note PMG Very Fine 20. Solid, wholly original paper is seen on this lightly circulated issue.

16178

Fr. 1039a $50 1914 Federal Reserve Note Fine. This moderately circulated issue is fully original with no problems to report.

16179

Fr. 1039a $50 1914 Federal Reserve Star Note Fine. Although eleven examples of this $50 Cleveland district star are reported, all have been tightly held for many years, with the last offering of any specimen at public auction coming over eight years ago. There is a bit of discoloration on the back, along with a small red bank stamp of letters and numbers, but the note appears considerably better when viewed from the face. Any $50 Fed star is a scarce item indeed, and this piece should easily reach or exceed...
From The Lawrence O'Neal Collection

16180

Fr. 1039b $50 1914 Federal Reserve Note PCGS Very Fine 35PPQ. Plenty of original embossing is noticed on this Cleveland high denomination.

16181

Fr. 1039b $50 1914 Federal Reserve Note PMG Very Fine 30. Four folds and some faint handling account for the grade on this bright issue.

16182

Fr. 1039b $50 1914 Federal Reserve Note PCGS Very Fine 30. A nice example which is at the highest end of the Very Fine grade range.
From The Lawrence O'Neal Collection

16183

Fr. 1039b $50 1914 Federal Reserve Note Very Fine. There is an internal tear at the White signature and a scotch tape repair of a short split at the top center--both are small and easily overlooked. "B" type fifties are quite scarce in all grades, and in spite of this note's problems it should still bring...

16184

Fr. 1043 $50 1914 Federal Reserve Note PMG Choice Fine 15. A touch over 30 examples from the elusive Richmond district are known for this number. A couple of pinholes are noticed.

16185

Fr. 1044 $50 1914 Federal Reserve Note PMG Very Fine 20. Fewer than 20 examples are known of this Burke-McAdoo signature combination. The rarity of this number is supported by the fact that we have only sold three examples here at Heritage. The note faces up well, while a light amount of soil is seen on the back.

16186

Fr. 1044 $50 1914 Federal Reserve Note PMG Fine 12. Fewer than two dozen examples of this issue have been reported in the collecting community. Until this year, the last example of this issue that had been offered at auction was in 2003.

16187

Fr. 1046 $50 1914 Federal Reserve Note Very Fine-Extremely Fine. A colorful Burke-Houston Atlanta that is well centered.

16188

Fr. 1049 $50 1914 Federal Reserve Note CGA Very Fine 30. Less than 50 examples are known of this Friedberg number. A lone pinhole may be the only distraction to mention.

16189

Fr. 1051 $50 1914 Federal Reserve Note PMG Very Fine 25. This bright Chicago $50 has original surfaces and sound edges.

16190

Fr. 1051 $50 1914 Federal Reserve Note PCGS Fine 15PPQ. A lone pinhole is noted on this otherwise fully margined and wholly original issue.

16191

Fr. 1054 $50 1914 Federal Reserve Note PMG Very Fine 30. About 30 examples are recorded for this St. Louis $50 FRN. This nicely margined note has plenty of eye appeal.

16192

Fr. 1064 $50 1914 Federal Reserve Note PMG Extremely Fine 40. A mere two dozen examples of this popular Dallas $50 have been reported by census takers. This piece is previously unreported and features bright, fully intact paper.

16193

Fr. 1075b $100 1914 Red Seal Federal Reserve Note Fine-Very Fine. An extremely scarce note with fewer than two dozen examples known in all grades combined. This piece is new to the census. It's brightly colored and well centered, but does have a stain at the top margin which, fortunately, is not terribly distracting. Expect bidding to reach or exceed...

16194

Fr. 1085 $100 1914 Federal Reserve Note Very Fine. This is a tough Boston C-note carrying the Burke-Glass signature combination with a touch over twenty examples documented.
From The John Ameen Collection

16195

Fr. 1085 $100 1914 Federal Reserve Note About Fine. A very scarce Boston Burke-Glass example. Fewer than 25 pieces are reported for this Friedberg number in all grades combined.

16196

Fr. 1088 $100 1914 Federal Reserve Note PMG Very Fine 30. This moderately circulated C-Note has the eye appeal of a full EF. There are some pinholes as noted on the PMG holder.

16197

Fr. 1096 $100 1914 Federal Reserve Note PMG Choice Fine 15. The census for this number is made up of only 17 examples. This is only the third time that a note with this Friedberg number has graced our auctions in six years. It will take a strong bid to bring this home tonight as the collecting community realizes the scarcity of this number.

16198

Fr. 1098 $100 1914 Federal Reserve Note Extremely Fine. This Burke-Houston issue is three light bends from a fully Gem grade. The embossing is pleasing as is the bold color of the overprint.

16199

Fr. 1104 $100 1914 Federal Reserve Note PCGS Superb Gem New 68PPQ. PCGS has not released their population figures at this time, so we are left with the PMG census. While not guaranteed to be identical, the numbers will certainly be in proportion. PMG has graded sixty-four Fr. 1104s--a dozen at the 65 level, more still at 66, but only two 67s, and not a single 68. Fr. 1104 does come very nice, which accounts for the twenty plus PMG 66s, but 68s are a different animal. We doubt that there will be a half dozen at this grade level, for both services combined, ten years down the road. Whatever the total may be in the future, this incredible piece is available now. If you are interested in ultimately high-end type notes, don't let this beauty escape.

16200

Fr. 1104 $100 1914 Federal Reserve Note PMG Choice About Unc 58 EPQ. A number of fully uncirculated pieces from this serial number range are known to collectors. A faint corner bend on this note presents an opportunity to own a piece that rivals Gem specimens in appearance for far less money.

16201

Fr. 1110 $100 1914 Federal Reserve Note PMG Choice Very Fine 35. Problem free paper is noted on this slightly better C-Note issue.

16202

Fr. 1116 $100 1914 Federal Reserve Note CGA Very Fine 35. This popular Minneapolis district note is a better signature combination with fewer than three dozen notes known. Interestingly, the time between the notes' making auction appearances is increasing with each passing year.

16203

Fr. 1123 $100 1914 Federal Reserve Note CGA About Uncirculated 58. A very scarce issue with less than 25 examples known. This bright note with pleasing margins is one of the nicer notes available for this Kansas City issue.

16204

Fr. 1124 $100 1914 Federal Reserve Note PMG About Uncirculated 50 EPQ. A pleasing note from the tougher Dallas district with less than 30 examples listed in all grades. Nicely margined with strictly original surfaces present.

16205

Fr. 1128 $100 1914 Federal Reserve Note Fine-Very Fine. A pleasing mid-grade example of this San Francisco note which is closer to the higher end of the split grade.

16206

Fr. 1132b $500 1918 Federal Reserve Note PMG Very Fine 25. New York issued $500 FRN's are the most common of all the districts, yet demand for the notes has increased substantially, as these high denomination examples make fewer and fewer auction appearances with each passing year. This previously unreported specimen is a welcome addition to the census as it is problem free and eye appealing for the grade. Its solid margins, and relatively bright paper are complemented by a deep blue overprint and deeply printed devices.
From The John Ameen Collection

16207

Fr. 1133 $1000 1918 Federal Reserve Note PMG Extremely Fine 40. This Cleveland District $1000 is one of just eleven examples known. There is a short run of Uncirculated pieces, but this note, which is a solid XF, is from outside of that group. A PCGS 40 realized $20,000 two years ago. This piece should do considerably better on this currently active market for high-denomination Large Size notes.
From The John Ameen Collection

16208

Fr. 1167 $10 1907 Gold Certificate PMG Choice Extremely Fine 45 EPQ. A pleasing, colorful tri-folded representative for the type that is sure to please.

16209

Fr. 1171 $10 1907 Gold Certificate PMG Gem Uncirculated 65 EPQ. This 1907 Gold Ten has lots of flash to go with its clearly original paper surfaces. PMG has graded only four Fr. 1171's at this level with just three a point higher.
From The John Ameen Collection

16210

Fr. 1173 $10 1922 Gold Certificate PCGS Gem New 66PPQ. A common note, even in high grade, but this piece is outstanding. It has all the color, embossing and crispness that one would expect, but it also has huge margins at both the top and bottom, which is extremely unusual for this issue. Most all examples have broad side margins, as the presently offered piece does, but the longer margins are usually slim to nonexistent. A beautiful piece fit for the finest of collections.

16211

Fr. 1173 $10 1922 Gold Certificate Gem New. A Gem example of this basic $10 gold type note. The original paper embossing is easily seen, and the margins are far superior to the typically-encountered example.

16212

Fr. 1173 $10 1922 Gold Certificate PMG Choice Uncirculated 64 EPQ. Deeply colored overprints add to the enormous eye appeal of this wonderfully embossed near Gem.
From The John Ameen Collection

16213

Fr. 1173 $10 1922 Gold Certificate PCGS Choice About New 58. The grade limiting factor on this brightly colored issue is not readily apparent.

16214

Fr. 1173 $10 1922 Gold Certificate PCGS About New 53. Eggshell textured paper is clearly visible in the third party holder. Any grade limiting factor is not immediately apparent.
From The Drew Keough Collection

16215

Fr. 1173 $10 1922 Gold Certificate About New. Two light vertical folds are the only issues noticed on this colorful note.

16216

Fr. 1173 $10 1922 Gold Certificate PMG Choice Extremely Fine 45. Light handling is noticed on this colorful representative example.

16217

Fr. 1173 $10 1922 Gold Certificate Star Note CGA Very Fine 30. Solid, problem-free paper is noted on this Star example. The overprint is still bold as well.

16218

Fr. 1173 $10 1922 Gold Certificate Star Note PMG Very Fine 20. The most important design element on this Star Note, the serial number, is still bold. Overall, the paper is pleasing and without distractions.

16219

Fr. 1173 $10 1922 Gold Certificate Star Note Very Fine. The color remains bright on this early replacement. Values have shown a steady increase with the release of the new Murray reference..
From The Drew Keough Collection

16220

Fr. 1175a $20 1882 Gold Certificate PMG Very Good 10 Net. Only about 30 examples are known in all grades combined, making this one of the more common Triple Signature notes. The colors remain bright on this oft-faded gold back. PMG notes that it exhibits pinholes, splits and repairs which typically affect notes in this grade range. A good opportunity for a collector to acquire a Triple Signature note.

16221

Fr. 1178 $20 1882 Gold Certificate PCGS Superb Gem New 68PPQ. A stunningly beautiful example of the type, with the color and detail of the back design that is simply never seen on these Fr. 1178s. PCGS has not yet published their census, but the PMG figures show a total of nearly eighty examples graded with seven 66s, a single 67, and no 68s. If the PCGS statistics turn out to be similar, as we expect they will be, this will remain one very rare piece of currency. These do come nice (seven PMG 66s out of eighty graded), but not this nice. A very exceptional example. As a 67, this note would likely have realized in the $40,000 range. 68 is new territory for this type, and we could only venture to guess...

16222

Fr. 1178 $20 1882 Gold Certificate PCGS About New 50. This note has all the color and the extraordinary eye appeal of a new piece. Exceptionally vivid inks and original embossing that has survived some light circulation are all featured on this gorgeous 1882 Gold Twenty. Because of these attributes, this note is likely to realize a fair amount in excess of that which one would ordinarily expect for this grade.
From The John Ameen Collection

16223

Fr. 1178 $20 1882 Gold Certificate PMG Very Fine 20. We are most pleased with the overall appearance of this mid-grade issue. The seal remains cherry red, while the gold overprint on the front and the full back design are as bright as anyone could expect for a circulated issue.

16224

Fr. 1178 $20 1882 Gold Certificate Fine-Very Fine. Heavily circulated, but problem-free. The left face margin comes a bit close toward the bottom.

16225

Fr. 1178 $20 1882 Gold Certificate PMG Choice Fine 15. The color is good for a note in this grade, with the back print remaining deeply orange colored.
From The Warren Marshall Collection

16226

Fr. 1179 $20 1905 Gold Certificate PMG Extremely Fine 40. This pretty Technicolor Gold has been off the market for decades. It's a solid XF with terrific color and good margins. Mid grade affordable examples of this type, especially ones with good eye appeal, are very hard to find on today's market. This one is a beauty.
From The John Ameen Collection

16227

Fr. 1179 $20 1905 Gold Certificate PMG Very Fine 25. A very difficult note to find in this grade, particularly when certified by PMG or PCGS. PMG, for example, has only graded fifteen Fr. 1179s in all grades combined. Solid margins are seen on this nice mid-grade note.
From The Drew Keough Collection

16228

Fr. 1180 $20 1905 Gold Certificate PMG Choice Very Fine 35. The color is terrific as one would expect with a $20 with the nickname "Technicolor". The note is quite clean and, particularly when viewed from the front, appears nicer than the assigned grade would suggest.

16229

Fr. 1180 $20 1905 Gold Certificate PMG Very Fine 30. This Technicolor has a bright face print, as well as a deeply hued orange back. It's nicely margined and makes a perfect example for any mid-grade type set.

16230

Fr. 1180 $20 1905 Gold Certificate PMG Fine 12. The face colors are solid and the note is framed by four full margins.

16231

Fr. 1181 $20 1906 Gold Certificate CGA Crisp Uncirculated 61. Decently margined with strong colors of the inks and paper.

16232

Fr. 1181 $20 1906 Gold Certificate PMG Choice Extremely Fine 45. Plenty of eye appeal is noticed on this well margined Gold note.

16233

Fr. 1182 $20 1906 Gold Certificate PCGS Choice New 63. The first time we had the privilege of selling this bright $20 Gold, we described it as, "An absolutely gorgeous example of a very scarce number. Fewer than three dozen Fr. 1182's are known to exist in all grades combined, and it's not at all likely that any of them exceed the appearance and technical merit of this beauty. Its original embossing is present, it's surrounded by broad, even margins, and the note has paper and ink colors the equal of the day it was printed. A wonderful combination of rarity, technical grade, and visual appeal." It is just as nice today.

16234

Fr. 1183 $20 1906 Gold Certificate PMG Extremely Fine 40. A premium mid-grade example that has the look and appeal of a higher graded note. Bright color and a minimum of folds occupy the lovely surfaces.
From The John Ameen Collection

16235

Fr. 1183 $20 1906 Gold Certificate Fine. Well-circulated but problem-free, and just a hair below the full Very Fine grade. Evenly circulated, damage-free Gold Certificates are hard to come by.

16236

Fr. 1185 $20 1906 Gold Certificate PCGS Gem New 65PPQ. One of the prettier examples of this issue that we have offered in some time. Evenly margined and well centered with plenty of in your face embossing visible beneath the encasement.

16237

Fr. 1185 $20 1906 Gold Certificate PCGS Choice About New 58. A well margined and colorful piece which is very close to new.

16238

Fr. 1185 $20 1906 Gold Certificate CGA Extremely Fine 40. The overprint is bold on this well margined and moderately circulated issue.

16239

Fr. 1186 $20 1906 Gold Certificate Very Fine. A decent-looking VF with broad margins, and no problems.

16240

Fr. 1187 $20 1922 Gold Certificate PCGS Gem New 66. Extremely bright colors on both sides highlight this well-margined late date Gold Certificate. PCGS population figures have not yet been released, but we would be very surprised if there were more than a few 66s of this number. It is often seen Uncirculated, but very rarely with good margins and bright colors.

16241

Fr. 1187 $20 1922 Mule Gold Certificate PCGS Gem New 65PPQ. This $20 Gold has extremely bright colors, nice centering and good original embossing. On this type, margins of this size are truly difficult to locate particularly in combination with the colors and originality of this note.

16242

Fr. 1187 $20 1922 Gold Certificate CGA Gem Uncirculated 65. A rich overprint and bright paper complement the deeply printed design.

16243

Fr. 1187 $20 1922 Gold Certificate CGA Choice Uncirculated 64. The back and overprint are a pleasing, bright golden-orange.

16244

Fr. 1187 $20 1922 Gold Certificate PCGS Choice New 63PPQ. A bright and very colorful piece which could easily have made the full Gem grade had the face margins been just a bit more broad. The originality of this note can easily be discerned through the PCGS holder, as can the embossing.

16245

Fr. 1187 $20 1922 Gold Certificate PMG Choice Uncirculated 63. A richly colored back design is noted on this well margined issue. There is some minor staining in the margins that does not detract from the overall eye appeal.

16246

Fr. 1187 $20 1922 Gold Certificate PMG Choice About Unc 58 EPQ. A soft center bend can be seen on this vividly colored Gold note that is quite tight along the bottom.

16247

Fr. 1187 $20 1922 Mule Gold Certificate PMG Extremely Fine 40 EPQ. The few folds that account for the grade on this bright issue could better be described as bends.

16248

Fr. 1187 $20 1922 Gold Certificate PMG Extremely Fine 40. Another wonderful original mid-grade note that has been off the market for many years.
From The John Ameen Collection

16249

Fr. 1187 $20 1922 Gold Certificate PCGS Very Fine 35PPQ. A clean and bright example with a touch of tightness along the bottom margin. The middle note in a consecutive trio.

16250

Fr. 1187 $20 1922 Gold Certificate PCGS Very Fine 35PPQ. This piece, the last in a consecutive trio is exceptionally bright and colorful with a few too many folds for the next grade.

16251

Fr. 1187 $20 1922 Gold Certificate PCGS Very Fine 30. A nicely centered example with plenty of eye appeal held from a higher grade due to a little softness along the top margin. The beginning note from a scarce consecutive trio.

16252

Fr. 1187 $20 1922 Gold Certificate Star Note CGA Very Fine 20. This moderately circulated issue is a decent and original replacement note.

16253

Fr. 1187 $20 1922 Gold Certificate PCGS Very Fine 20. Light circulation has done little to take away from the eye appeal of this Gold Note.

16254

Fr. 1192 $50 1882 Gold Certificate PCGS Very Fine 30PPQ. One of only nineteen examples known of this Friedberg number, and to our best knowledge, the third finest example known. Two other VFs have been auctioned recently--a PMG 30, which we sold last September for $74,750, and a PMG 25, which sold this February for $63,250. This note is superior to both of those pieces. It's wonderfully centered with flashy, bright ink color. The back has retained its full bright orange, which is most unusual for circulated Gold Certificates of this era. A classic rarity both for design type and Friedberg number, and one of the few truly rare lightly circulated notes that is 100% free of damage, problems, or restorations of any kind. We would not be at all surprised to see this note enter six figure territory.

16255

Fr. 1192 $50 1882 Gold Certificate PMG Very Good 10. Nineteen examples are known of this rare Large Brown Seal Fifty Dollar 1882 Gold Certificate. This one is broadly margined with strong ink color, but it has a few areas of discoloration on the face and far more on the back. From the standpoint of circulation, the note is a solid Fine, but when the soil is considered, the PMG grade seems just about right.

16256

Fr. 1193 $50 1882 Gold Certificate PMG Very Fine 30. A colorful, unmolested note that is strictly original. Less than 100 examples are known in all grades with this attractive Wright $50 Gold a welcome addition to that total.

16257

Fr. 1193 $50 1882 Gold Certificate CGA Very Fine 20. Multiple pinholes have perforated the surfaces of this lightly handled Silas Wright $50 Gold.

16258

Fr. 1196 $50 1882 Gold Certificate PMG Choice Very Fine 35 EPQ. Nearly a quarter of the two dozen examples of this issue that are known have never been offered for sale, or are permanently impounded in institutional collections. This fresh and original piece is fully margined with a cherry red seal and an ideally bright golden overprint and back print. In regards to eye appeal, it rivals the two EF's that were sold in 2005 and 2007.
From The John Ameen Collection

16259

Fr. 1197 $50 1882 Gold Certificate PMG Very Fine 30 EPQ. Excellent color and no distractions are seen on this boldly printed Silas Wright issue that is also broadly margined.

16260

Fr. 1197 $50 1882 Gold Certificate Fine-Very Fine. Well circulated, but with terrific color and no problems save the normal wear and tear one would expect for the grade.

16261

Fr. 1199 $50 1913 Gold Certificate PCGS Choice About New 58. This large size Gold Note is so close to the New grade, but unfortunately falls a bit short. The back color is very bright, producing great eye appeal. A note which has the visual impact of a higher graded note.
From The John Ameen Collection

16262

Fr. 1199 $50 1913 Gold Certificate PMG Extremely Fine 40. Solid margins and fully intact paper complement the fully bright overprint. The back design is still bold.
From The John Ameen Collection

16263

Fr. 1199 $50 1913 Gold Certificate Very Fine. The colors remain strong on both sides of this moderately-circulated fifty-dollar Gold.

16264

Fr. 1200 $50 1922 Gold Certificate PMG Choice Extremely Fine 45 EPQ. A bright and colorful note with plenty of eye appeal which should garner a winning bid in the area of...
From The John Ameen Collection

16265

Fr. 1200 $50 1922 Gold Certificate PMG Very Fine 25. This moderately circulated issue boasts a bright gold overprint and a golden-yellow back.

16266

Fr. 1200 $50 1922 Gold Certificate PMG Very Fine 25. Broad margins and wholly original paper are noted on this $50.

16267

Fr. 1200 $50 1922 Gold Certificate PMG Very Fine 25. Plenty of color remains on this large Grant with loads of eye appeal.

16268

Fr. 1200 $50 1922 Gold Certificate PMG Very Fine 20. The overprint is a little towards the orange end of the color spectrum, though the paper is original and appealing.

16269

Fr. 1200 $50 1922 Gold Certificate PMG Very Fine 20.
A couple of small spots are found on the back on this colorful note. Still a majestic $50 Gold note.

16270

Fr. 1200 $50 1922 Gold Certificate CGA Very Fine 20. The golden-orange color of the overprint and back are sufficiently bold.

16271

Fr. 1200 $50 1922 Gold Certificate PMG Very Fine 20. Bright golden color is noted on the overprint. This piece has retained lots of eye appeal for a note in this condition.

16272

Fr. 1200 $50 1922 Gold Certificate Very Fine. There is a short edge tear at the top, which is a shame since this $50 Gold is problem-free in all other respects. These are becoming difficult to find.

16273

Fr. 1200 $50 1922 Gold Certificate PMG Choice Fine 15. This moderately circulated issue boasts bright yellow printed details. The third party holder notes "Staining," though the spots are confined to the back and do not detract much at all.

16274

Fr. 1200a $50 1922 Gold Certificate PMG Very Fine 30. All Fr. 1200a's are Mules, with this note having back plate number 1 positioned at lower right of center up next to the finely detailed scroll work. Fr. 1200a's were issued before Fr. 1200's, and 1200's outnumber 1200a's by more than five to one in the census. Fr. 1200a's were not added to the Friedberg reference until the 1992 13th edition. This example has a deep orange back and healthy edges.
From The John Ameen Collection

16275

Fr. 1207 $100 1882 Gold Certificate Very Good. Only seventeen examples of this Friedberg number are known. This one is making its first trip to the numismatic auction block. It was auctioned once before in November 1968--that auction took place in Bayard, Iowa. This note was part of the "Boys Hidden Treasure" hoard. The notes were found by a group of a dozen young boys and were subsequently auctioned in their interest after no rightful owner could be located. Each lot came with a certificate triple-signed by the auctioneers and legal guardian. This is only the second time we have handled a note from this group that has remained with its original certificate. In its own right this well-circulated, but problem-free rare "C" note would likely realize...

16276

Fr. 1207 $100 1882 Gold Certificate PMG Very Good 10. The paper on this well circulated piece is surprisingly solid despite a chink in the bottom margin. The seal is as bold as one will find for the grade.

16277

Fr. 1208 $100 1882 Gold Certificate PMG About Uncirculated 55. This is one of only two examples known at this grade level for this rare Friedberg number, with none graded higher in any census, and the only specimen graded to date of this number in any grade by PMG. It displays vivid colors, excellent paper quality, and great eye appeal, and is nicely centered and free of any detractions. With the emphasis in today's marketplace for rarity combined with quality, expect this outstanding Gold Certificate to easily reach and quite possibly exceed our likely conservative estimate of...

16278

Fr. 1209 $100 1882 Gold Certificate CGA Very Fine 30. The color and overall appearance are excellent despite the heavy folds that account for the grade.

16279

Fr. 1211 $100 1882 Gold Certificate Extremely Fine+. A few light folds account for the grade on this otherwise AU appearing note. The seal is a deep cherry red and the gold overprint and orange-gold back remain perfectly bold. This is the consecutive note to a PCGS graded AU58 that sold for more than $20,000 in 2005. That piece is likely the finest known in private hands, but this example is not far behind.
From The Drew Keough Collection

16280

Fr. 1214 $100 1882 Gold Certificate PMG Choice Uncirculated 64. The final number of the 1882 Gold "C" notes. The note has terrific color and razor-sharp print quality on both sides. It is particularly evident on the back where even the small details of the eagle's head can be clearly seen. A combination of the orange color, along with the properties of the ink, often leave this feature rather lifeless--not so on this clearly pristine example. Not a very common number in high grade. PMG has graded only eight examples at the 64 level or higher.

16281

Fr. 1215 $100 1922 Gold Certificate PCGS Gem New 65PPQ. A real beauty, with sufficient margins, plainly evident original embossing and absolutely perfect, bright orange back color. The printing is needle-sharp, with even the subtle tones of shading behind Benton's portrait easily seen. These gray tones often blend into the background on less-perfectly printed examples.

16282

Fr. 1215 $100 1922 Gold Certificate PCGS Choice About New 58. A real beauty, with broad margins, plainly evident original embossing and absolutely perfect bright orange back color. The printing is quite sharp, with even the subtle tones of shading behind Benton's portrait easily seen. These gray tones often blend into the background on less perfectly printed examples. A bit of handling or an inadvertent fold is all that separates this note from the full Choice New designation.

16283

Fr. 1215 $100 1922 Gold Certificate PMG About Uncirculated 55 EPQ. Bold inks are found on this "exceptional paper quality" $100 Gold.

16284

Fr. 1215 $100 1922 Gold Certificate PMG Extremely Fine 45 EPQ. A centerfold and two light bends account for the grade on this wholly original and brightly colored example.
From The John Ameen Collection

16285

Fr. 1215 $100 1922 Gold Certificate CGA Extremely Fine 45. The three folds that account for the grade do not hinder the eye appeal on this deeply embossed and pleasingly original note. The overprint is bold and complemented by the bright golden-orange back design.

16286

Fr. 1215 $100 1922 Gold Certificate PMG Extremely Fine 40. An interesting serial number is exhibited on this colorful $100 Gold.

16287

Fr. 1215 $100 1922 Gold Certificate Very Fine++. A bright representative for type that still exhibits some embossing in the portrait area. Nicely margined with excellent color seen.

16288

Fr. 1215 $100 1922 Gold Certificate PMG Very Fine 25. Bright color is the standard to which this issue is held and without question this lightly handled Benton is very colorful with problem free margins.

16289

Fr. 1215 $100 1922 Gold Certificate Very Fine. A nice, natural example, which is problem-free save for a very minor trace of a blue-ink bank stamp that could easily go unnoticed. A tough grade for this higher denomination Gold Certificate as the colors tended to fade and these are often found with writing and other problems.

16290

Fr. 1215 $100 1922 Gold Certificate PMG Fine 12. Hundred Dollar Gold Certificates are as popular as ever.

16291

Fr. 1216 $500 1882 Gold Certificate PCGS Very Fine 20. Strong color remains on both sides of this high denomination Gold Certificate. That is particularly important on the back as the orange color was prone to fading and many of these five hundreds appear decent from the face, but several grades lower when the back is examined. That is not so with this piece, which has retained its bright orange color and most all the details of the design. A problem-free evenly circulated example.
From The John Ameen Collection

16292

Fr. 1216b $500 1882 Gold Certificate PMG Choice Fine 15. PMG has noted "Splits"--only one of which we can see: a short split at the top center which barely enters the design. The color of the face is excellent with the back only very slightly weaker. Under fifty examples of this type are known, and Track & Price does not show a single auction offering of an example graded better than 50.

16293

Fr. 1216b $500 1882 Gold Certificate PMG Fine 12. The ink colors remain strong in spite of a fair degree of circulation. Real circulation, as opposed to bank handling, has a distinct "look". This note, along with others of its type, has clearly spent considerable time in actual circulation. The buying power of a $500 bill at the turn of the century was the equivalent of nearly $15,000 today. Yet, these notes were clearly carried and used at the time. Part of the answer lies in the fact that many larger transactions that involve no cash at all today were in fact cash transactions between 1880 and 1920. In any event, this brightly colored, handsome $500 was out there at work for a number of years without incurring any problems save circulation wear.

16294

Fr. 1217 $500 1922 Gold Certificate PMG Choice Very Fine 35 EPQ. A simply spectacular example of this rare type. It is new to the census, which still numbers under fifty pieces in all grades, and easily ranks as one of the top ten highest grade specimens known. PMG has graded this piece as Choice Very Fine 35 EPQ, with the back of the holder noting "Exceptional Paper Quality, Great Color, Vivid Detail." We sold a PMG About Uncirculated 58 Fr. 1217 a year ago for $103,500, and, while this piece clearly is lower grade, the appearance through the holder of the two notes is not all that different. We can go on forever about the positive attributes of this lovely type note, but one glance at the accompanying photographs here says it all. If this gorgeous note doesn't get your pulse racing, you should probably be collecting something else.

16295

Fr. 1218f $1000 1882 Gold Certificate PMG Very Fine 25. Only eight examples of this number are known--one of which is permanently impounded in the Federal Reserve system. We sold the highest grade piece, a PMG 30, in our Long Beach sale last September for $195,500. This piece is just a shade lower in grade. PMG has noted "Pinholes, Small Repaired Internal Tear, Paper Thin" on their holder, but all are minor problems and the note faces up like a strong VF. The colors in particular are amazingly strong for the grade, and the back has great detail along with vivid, bright orange color. There are nowhere near enough 1882 Gold Thousands to supply collector demand, and the prices, each time one appears, are considerably in advance of prior appearances. This note, which we believe to be the second finest known example, could well reach the six-figure threshold.
From The John Ameen Collection

16296

Fr. 1219e $1000 1907 Gold Certificate PMG Very Fine 20. This Series 1907 issue was printed in the late teens while Teehee and Burke held the positions of Register of the Treasury and Treasurer. In that five year span from 1915 to 1919, the Bureau of Engraving and Printing managed to print 116,000 notes for use mostly in bank to bank transactions. Since few notes were used in regular channels of commerce, they faced heavy redemption. Today, only about three dozen survivors are reported extant, with this being a previously unreported piece. Of that number, nearly a third are permanently impounded in Federal Reserve Collections, the Smithsonian, or have never been offered at public auction. The seal, serial numbers, and ornately engraved "$1,000" on the face are all still sufficiently bright for the grade and a bold, orange-yellow back design adds immensely to the overall eye appeal. On back of the third party holder are the descriptors, "Pinholes, Splits, Minor Restoration." While indeed correct, they substantially overstate the nature of these problems, as no single item detracts from the overall appearance of the note. The pinholes and restoration (a minor closed internal split) are only evident when the note is examined against a light source, and the overall appearance here is one which is certain to delight this note's fortunate new owner.
From The John Ameen Collection

16297

Fr. 1225 $10000 1900 Gold Certificate CGA Crisp Uncirculated 62. This is a boldly original note with pleasing paper waves and bold embossing. The only grade limiting factor is some light foxing.

16298

Fr. 1225 $10000 1900 Gold Certificate Very Fine. This is a pleasing mid-grade example of this issue. While moderately circulated with some heavy folds, it lacks the foxing so often seen on this issue.

16299

Fr. 1225 $10000 1900 Gold Certificate PMG Choice Fine 15. This unredeemable, ultra-high denomination Gold Certificate was acquired early on by Jim O'Neal, and appeared in our 2005 offering of his collection. This note is problem-free for the grade with good color remaining. The surfaces are perfectly natural.

Sale Number:	448
Location:
Auction Date:	September 26th at 9 PM CT through September 28th

2007 September Long Beach, CA Signature Currency Auction