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    Description

    Finest Known Fr. 1218f $1,000 Gold Certificate

    Fr. 1218f $1,000 1882 Gold Certificate PCGS Very Fine 35.
    Series 1882 $1,000 Gold Certificates are listed as eight different significant numbers in Paper Money of the United States by Ira and Arthur Friedberg. Each one features different signature combinations as the offices of Register of the Treasury and Treasurer of the Untied States turned over. Judson W. Lyons and Ellis H. Roberts served together from April of 1898 to June of 1905, the period in which this note was printed and likely issued. Just 96,000 examples were printed in total and the high face value, coupled with the Gold Reserve Act of 1934 under Roosevelt, resulted in massive redemption rates.

    Today, just eleven examples are listed in the census by serial number, one more than the last time this note was offered and realized $293,750. We are not sure how the extra piece crept into the census, though it is recorded as a PMG Very Fine 25. With most of the notes now recorded with third party grades and knowing the other examples grading comments, we are confident saying this note is the finest known for the Friedberg number. In its last appearance, it was described in part, " The stately vignette of Alexander Hamilton, our first Secretary of the Treasury, appears at the right. He is considered the founder, for better or worse, of the United States financial system. Hamilton is one of only three Americans and the only non-President to appear on U.S. currency from 1862 to the present with no gaps. The currently offered note, as with the 1218d, is in a comment-free PCGS VF 35 holder, a grade with which we totally agree. This is the broadest margined of the three new-to-the-market Thousands. It is also by far the most "common" of the group with ten known examples. Only one of those ten is in government hands - the VF serial number C68128 example is in the Federal Reserve Bank of San Francisco's holdings. Six of the nine notes held by collectors have changed hands since 2000. The three most recent were a PCGS Apparent 20 in August of 2012, for $92,000, a different PCGS Apparent 20 that we sold in April 2013 for $176,250 and a PCGS 25 that sold last August for an identical $176,250. This note, which grades a full ten points higher and is the only truly collectible Friedberg number for 1882 Thousand Dollar Golds, should do considerably better." With the other Friedberg numbers for 1882 $1,000s approaching $1 Million at auction, this piece should attract a lot of attention at...


    Auction Info

    Auction Dates
    August, 2017
    3rd Thursday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
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