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Press Release - August 14, 2014
Nevada $10 National Currency With Serial Number 1 Could Bring $50,000 In Heritage Long Beach Currency AuctionsTonopah, Nevada, $10 1929 note, serial #1, offered with nearly 4,000 lots Sept. 3-5 & 8
DALLAS — A 1929 $10 National Bank Note from Tonopah, Nevada, featuring a rare and desirable A000001A serial number, may sell for $50,000+ in Heritage Auctions' Long Beach Expo U.S. Currency Signature Auctions, Sept. 3-5. Additional lots will be offered Sept. 8 through Heritage LIVE! at HA.com/Currency, bringing the total number of rare specimens of bank notes and more to nearly 4,000 lots.
"Collectors will instantly appreciate the rarity of the Tonopah note as one of the hobby's Great White Buffalos," said Dustin Johnston, Director of Currency Auctions at Heritage. "Not only does this rare note carry a A000001A serial number, this auction marks the first time it's been offered for sale in more than 40 years."
Another great Nevada rarity, a 1902 $5 Plain Back (est. $30,000+), joins the 1929 $10 National Bank Note as another Tonopah rarity. The Plain Back is one of six examples known to exist, which is surprising considering the bustle of activity surrounding sole National Bank in Tonopah, a mining town which owes its existence to the discovery of rich veins of silver in 1900 that re-established Nevada as America's largest producer of silver.
A $10 1914 Red Seal Federal Reserve Note graded a stunning Superb Gem New 67PPQ (est. $35,000+) has the distinction of being tied with the finest known for the entire type. The remarkable $10 Red Seal note is one of just three that have ever been graded Superb Gem, and has resided in a private collection for 15 years.
A newly discovered note — exhibiting all of the hallmarks of a collector's favorite — is one of just three of its type to be offered at auction during the past 25 years. A 1902 $10 Plain Back from Meeteetse, Wyoming, has bright white paper and printing as the day the note left the bank, and great pen signatures including that of the female Vice President Sarah I. Hogg (est. $22,500+).
Appealing to fans of the American frontier, an attractive Roff, 1882 $20 Indian Territory Note (est. $20,000+) is the nicer of two known to exist having been graded a desirable Very Fine 25PPQ; and a 1902 $5 Plain Back, is a new discovery and one of two known to exist from the tiny town of Sierra Madre, California. This California rarity is just one of many notes from the state including an incredible selection of California, Idaho, and Montana Nationals as part of The Open Road Collection.
For the currency collector who has everything, a leather-bound book titled Specimens of Bank Note Engraving by Toppan, Carpenter, Casilear & Co. offers an extraordinary seven uncut sheets of obsolete proof notes (est. $20,000+). This book and a few others are part of The Smillie Family Archives, a trove of bank note and other vignettes and engravings from the late James Smillie, James D. Smillie, and other engravers of the National Bank Note Company.
A selection of international notes includes a rare 1892 $5 Yukon Overprint from The Canadian Bank of Commerce, a true rarity in Canadian chartered bank note history (est. $10,000+). From The Ruth W. Hill Collection, a 1942 100 Lire Egyptian Cass Mediterrania di Credito, is a beautiful note and the highest denomination of this series issued by Italian forces for use in occupied Egypt. (est. $10,000+) and an extraordinarily rare 1914 German New Guinea 10 Marks Note, a provisional note circulated for only two months before being recalled and exchanged for the Australian pound, is one of just eight surviving examples (est. $10,000+).
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