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Press Release - August 20, 2010

1934 New York $5000 bill brings $103,500 in $46+ Million Boston ANA Auction

DALLAS, TX -- Heritage Auction Galleries’ Signature® Currency Auction, held Aug. 11-15, including the non-floor session held on Aug. 15, contributed more than $3 million to the $46+ million total realization of Heritage’s official ANA World’s Fair of Money auction in Boston, MA.

Highlights from Session One included a possibly unique complete uncut sheet of 16 red and black C ontinental Currency January 14, 1779 Extremely Fine-About New, which realized $28,750. An outstanding N ew York November 1, 1709 (Lyon Dollars) 2 Ounces 15 Pennyweights or 4 Lyon Dollars PCGS Choice About New 55PPQ sold for $23,000, while a number of Mormon-related pieces had strong showings, including a rare countersigned Kirtland, OH- The Kirtland Safety Society Bank $2 March 9, 1837 G4 Wolka 1424-06 Nyholm 31 Rust 5 grading PCGS Apparent Very Fine 30, which brought $20,700.

National bank notes were offered during Session Two, where a Boston note brought the highest price – realizing $20,700 – a new to the census B oston, MA - $50 1875 Fr. 444a The State NB Ch. # 1028 PCGS Apparent Very Fine 20. Also in the session two Territorial notes drew strong prices: a R off, IT - $10 1882 Brown Back Fr. 490 The First NB Ch. # (W)5417 PMG Very Fine 25, unique as a Territorial from the bank, sold for $16,100, while an E nid, OT - $5 1902 Red Seal Fr. 588 The Enid NB Ch. # (W)8231 PMG Choice Fine 15, one of two known, also realized $16,100.

The highest price realized for a single note in the auction came in Session Three when the F r. 2221-B $5000 1934 Federal Reserve Note PCGS Very Choice New 64PPQ crossed the auction to the tune of $103,500. Another highly anticipated piece of currency was the “King of Errors” double denomination F r. 2071-K $20/$10 1974 Federal Reserve Note PMG Choice Uncirculated 63, which soared to $32,200. Among the Large Size highlights was the F r. 1217 $500 1922 Gold Certificate PMG About Uncirculated 55 EPQ, a spectacular note that sold for $66,125.

All prices realized include 15% Buyer’s Premium.

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $600 million, and 500,000+ registered online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

Want to get the up-to-the-minute updates and breaking news stories about Heritage Auctions? Get them as they happen at: Twitter.com/HeritagePress; Twitter.com/JimHalperin; Facebook: Heritage Auction Galleries. To view a compete archive of Heritage press releases go to: HA.com/PR. To link to this press release on your blog or Website: HA.com/PR-1888.

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