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Fairbanks, AK - $5 1929 Ty. 2 First NB Ch. # 7718. ...

2011 September Long Beach Signature Currency Auction #3514

Sold for: Not Sold
Auction Ended On: Sep 8, 2011
Item Activity: 0 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Gem Uncirculated Fairbanks Note- Perhaps the Finest Known
Fairbanks, AK - $5 1929 Ty. 2 First NB Ch. # 7718
A fabulous note with an illustrious pedigree. It first made its appearance when it was part of an uncut pair that was purchased in Minnesota by John Hickman and his then partner, John Waters, who promptly consigned it to Harmer-Rooke's celebrated Million Dollar sale in 1969. It was acquired there by Amon Carter, Jr. Amon subsequently cut the pair and cannily recouped nearly his entire investment by selling his duplicate to Washington, DC dealer Phil Lampkin. Phil sold it to a collector putting together a definitive set of small size $5 Nationals, and, upon that collector's demise, it was acquired by well known Ohio dealer Don Kelly, where it remained in his personal holdings for several years. Unlike large size Fairbanks notes, where the census is skewed by the hoard of uncirculated Red Seals unearthed in 1967, only three small notes are listed as CU, this piece, its pair mate from years ago, and one other example which has long been reported but reputedly has been in the hands of a prominent Alaska collector for several decades. None of the uncirculated specimens has been offered at auction since the mate to this piece last appeared in 1993. In fact, during the past fifteen years, only three small size Fairbanks notes of any kind have been available to collectors at public sale. In an era where truly significant rarities in most every collectible field are setting new price records, any estimate here is simply a guess, but we would not be surprised at all to see this PMG graded Gem Uncirculated 65 EPQ beauty fetch a record price for a small size National before the hammer drops this evening.

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