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Lot 14927 |
Fr. 1175 $20 1882 Gold Certificate PMG Choice Fine 15....
Auction: 2008 September Long Beach, CA CAA Signature Auction #3502
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This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
| Sold for: |
Not Sold
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| Ended: | Sep 18, 2008 |
| Item Activity: |
1 Internet/mail/phone bidders
1,896 page views |
Description:
Serial Number One Fr. 1175 - One of Two Known
Fr. 1175 $20 1882 Gold Certificate PMG Choice Fine 15. This piece has been known to collectors for some time, but only as the illustration note in the Krause-Lemke reference. That changed last year when this specimen appeared at public auction for the first time. Though one other surviving example is recorded in the census, it has yet to make an auction appearance. The first 1882 Gold Certificates were printed with the Bruce-Gilfillan signature and countersigned in pen by Thomas C. Acton, the Assistant Treasurer in New York. As the demand for Gold Certificates increased, the plates were changed to include the engraved signature of Acton. The change occurred quickly, resulting in a paltry issuance of only 14,000 notes with the pen signed countersignature. If history serves as a guide, the lowest denominations of a particular series are usually issued first. Since no $10 Gold Certificates were printed for Series 1882 and since this piece boasts Serial Number One, one could make a good argument that this is indeed the first example of the 1882 Golds to be issued. Its survival was most likely ensured by the Serial Number One and could have been a memento for one of the signatories. A restoration is noted by PMG, though its skillful execution makes it virtually undetectable in the holder. This brightly colored issue still possesses all the eye appeal of a full VF.From The Jupiter Collection
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