Heritage Currency Auctions of America Hits High Notes!

Dallas, TX: Heritage Currency Auctions of America (CAA) most recent Signature Sale, which closed Saturday, May 7, 2005, posted a total sell-through of $8,321,302.10. With 1,878 bidders competing for 3,233 lots, 551 were successful. 2,996 lots were sold, for 92.66% of the total. 11 bidders won 27 lots after the auction for a total of $13,890.85.

"I'm very pleased with the results of this auction," said Len Glazer, Director of CAA. "It's very exciting to see this market grow and expand, and I'm very glad that we have played a part in that growth. Since, January 1, 2005, CAA has auctioned more than $25 million in currency, a figure I'm very proud of."

Glazer continued, "I was also very pleased to see CAA reclaim the record price for a Fractional Currency note when lot 16007, the Fr. 1255a from the Tom O'Mara collection, realized $138,000. In fact, the O'Mara Collection realized $1,094,106 overall, a very impressive result."

"The results of the sale of the Jim O'Neal Collection were a particular thrill," said Glazer. "O'Neal, the retired former president and chief executive officer of Frito-Lay International, had a magnificent Type Note collection, which we estimated at $3 million before the auction. To say that we were all thrilled when it brought over $4.3 million would be a great understatement!"

Glazer concluded, "This sale, with its $8,321,302.10 total, was the second highest currency auction ever. The first was our Taylor Family sale in February at $11,975,678.80, and the third was our 2005 FUN sale at $6,700,021.79. CAA has held the three largest currency auctions ever, all back to back, in the first six months of this year."

Highlights of the Central States sale included:

• Fr. 377 $100 1890 Treasury Note Choice New. REALIZED: $356,500.
• Fr. 376 $50 1891 Treasury Note Choice New. REALIZED: $299,000.
• Fr. 1166b $20 1863 Gold Certificate CGA About Uncirculated 50. REALIZED: $195,500.
• Fr. 306b $20 1878 Silver Certificate Extremely Fine. REALIZED: $175,375.
• Fr. 185d $500 1878 Legal Tender Very Fine. REALIZED: $138,000.
• Fr. 187j $1000 1880 Legal Tender Extremely Fine. REALIZED: $126,500.
• Fr. 378 $100 1891 Treasury Note Very Fine. REALIZED: $126,500.
• Fr. 167a $100 1863 Legal Tender Choice New. REALIZED: $115,000.

Images, descriptions, and prices realized from all past sales are available in the Permanent Auction Archives at the Heritage website.

To purchase a catalog for any Heritage Sale, please contact Customer Service, 800-872-6467, Ext. 272, 3500 Maple Avenue, 17th Floor, Dallas, TX., 75219 or visit HeritageGalleries.com to order by credit card.