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Lot
16046

Fr. 1219e $1000 1907 Gold Certificate PMG Choice Uncirculated 64.. ...

2012 February 3 Currency Signature Auction - Long Beach #3515

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Auction Ended On: Feb 3, 2012
Item Activity: 3 Internet/mail/phone bidders
4,349 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Exceptional 1907 $1000 Gold Certificate Graded PMG Choice Uncirculated 64
Fr. 1219e $1000 1907 Gold Certificate PMG Choice Uncirculated 64.
On March 24, 1915, Houston B. Teehee was appointed Register of the Treasury, accompanying Treasurer John Burke who had been in the position since early 1913. Their tenure ran until days after the Great War ended in November of 1919 and between them, they were responsible for great sums of money and massive finance campaigns to back war efforts. This note bearing their signatures was printed sometime between 1915 and 1919. Despite 116,000 notes issued with their signature combination, fewer than four dozen notes are known in all grades. A look at the census and auction records shows this Friedberg number is the only one of the $1000 Gold Certificates from all series and signatures where fully uncirculated examples known. The margins are full and even all around with embossing still easily visible through the third party holder. Paper Money Guaranty includes mention of "Great Color," which is refreshing as Gold Certificates are more susceptible to discoloration than most other large size type notes. Collectors have long sought type notes that are at the pinnacle of condition, and a price history for this example reveals just that. As a PMG graded note it realized $184,000 in 2006 and then topped $240,000 just last year. Another realization topping the $200,000 mark would not come as a surprise this evening.

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