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Fr. 1215d $500 1882 Gold Certificate PCGS Very Fine 35.. ...

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

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Auction Ended On: Jan 10, 2014
Item Activity: 1 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Fr. 1215d 1882 $500 Gold Unique in Collector Hands
Fr. 1215d $500 1882 Gold Certificate PCGS Very Fine 35.
After an even two dozen years of cataloging spectacular type notes for Currency Auctions of America and now for Heritage Auctions, one becomes somewhat jaded to important items. We have sold more different Friedberg numbers than any other auction house and are missing only a very few from a complete set. That said, this note, although tied in rarity with several other unique pieces, is the most memorable item this cataloger has seen. Prior to the appearance of this piece last Spring along with the three Thousands that follow, only a single example of Fr. 1215d was known to exist, and that note is permanently impounded in the collection of the Federal Reserve. When we handled the Cookson Collection of Gold Certificates in 1999, we auctioned the $50 Fr. 1191 and the $100 Fr. 1204 with the Large Red Spiked Seal. At that time, we all speculated that no collector would ever get to own a $500 Gold with the Large Red Spiked Seal. That note was near the top of everyone's "never likely to turn up" list. Here it is. The note is in a comment-free PCGS Very Fine 35 holder. It is broadly margined with fully fresh ink colors and not a hint of a defect save for the light traces of circulation commensurate with the assigned grade. When this cataloger and another Heritage representative picked up this consignment last Spring, we entered the small town bank's safe deposit area knowing what four notes we were about to see. Knowing what's there and actually seeing it are two very different things. This note is transfixing. At the auction viewing of this sale, no individual with a serious interest in type notes should pass up the opportunity to personally examine this unbelievable piece. Hopefully it will enter a long term collection to be enjoyed by its new owner, but it certainly will return to the auction block sometime down the road. Subsequent appearances will never equal the first for sheer excitement. Since last April, when we sold two notes in excess of 2 million dollars each, we all know the value of truly unique pieces. Whether this note reaches that plateau this evening, surpasses it, or falls slightly short, is in the hands of the bidders, but it is certainly no less important than either of those two unique milestone notes.

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