Skip to main content
Go to accessibility notice

    Description

    Fr. 1191 $50 1882 Large Red Seal Gold Certificate--The Only Example in Collector's Hands

    Fr. 1191 $50 1882 Gold Certificate PCGS Extremely Fine 40. In its most recent auction appearance, we sold this note as lot 1578 of the Lawrence Cookson Collection in January 1999. It was described there as, "One of the most spectacular rarities in this or any collection, and the only example of its type in private hands. Four notes are known to exist, three of which are permanently impounded in government hands and this note, the fourth example, which is far and away the finest known. Its pedigree traces it from the Barney Bluestone sale of the Albert A. Grinnell Collection on March 10, 1945, where it realized $95, to the collection of James Stack. It reappeared as Lot 1799 of the Stack's March 15, 1990 sale where it realized $28,600. While at the viewing for that sale, this note and the matching Hundred (also in Dr. Cookson's collection, Lot number 1590) caused dealer/friend Lyn Knight to remark, 'What are these? I didn't even know they made these.' Neither Lyn, this cataloger nor anyone else in attendance at that sale had ever seen a Gold Certificate with the Large Spiked Seal. Few if any U.S.notes have the visual impact of this note and its companion Hundred. Four separate colors are used for the face printing, and all are at their full brightness on this magnificent note: the basic black background, blue for the serial numbers, orange for the overprint on the face and bright red for the seal in the center. Both the face and the back are perfectly centered among large, even margins. When last on the market, there were a few small pinholes and a tiny edge split which have now been so expertly repaired that this cataloger is unable to locate either minor problem. This is the first and very likely only time that this generation of collectors will have an opportunity to add this singularly rare and beautiful number to their holdings." In the Cookson sale, the note was estimated at $100,000 up and realized $165,000 after heated floor bidding. Neither the rarity, nor desirability of this note has changed in the last 70 years, but the market for incredibly significant rarities sure has. We would expect this note to well more than double its previous realization.

    Shipping, Taxes, Terms and Bidding
    Calculate Standard Domestic Shipping

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2006
    5th-7th Thursday-Saturday
    Bids + Registered Phone Bidders: 21
    Lot Tracking Activity: N/A
    Page Views: 9,064

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 27 days left to consign to the 2019 January 9 - 15 FUN World Currency Signature Auction - Orlando !

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2018 September 6 - 10 Long Beach Expo World Currency Signature Auction - Long Beach
    2018 September 6 - 10 Long Beach Expo World Currency Signature Auction - Long Beach
    REALIZED $2,692,790