LOT #20909 |
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Fr. 1218e $1,000 1882 Gold Certificate PMG Very Fine 30.. ...
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Description
One of a Mere Two Fr. 1218e $1,000 Golds in Private Hands
Fr. 1218e $1,000 1882 Gold Certificate PMG Very Fine 30.A high denomination Gold Certificate with a portrait of Alexander Hamilton, who as the first Secretary of the Treasury during the years of 1789-95, preferred a monometallic gold standard, but he ultimately issued bimetallic currency at a fixed 15:1 ratio of silver to gold. Friedberg 1218e is one of the storied Friedberg numbers in the collecting community due to the fact that only a grand total of two Fr. 1218e notes are available to collectors. The total population figure stands at five, but one of those is impounded at the Federal Reserve Bank of Chicago and another resides within the walls of the Federal Reserve Bank of San Francisco. A third piece with serial number C24623-C was the Friedberg plate note for the 2nd-18th (1955-2006) editions, but it has not been seen for decades. In fact, when the example in this lot originally came to light in 2013 and was quickly consigned to our FUN 2014 auction, we ran an extensive advertising campaign to find the Friedberg plate note. At the Memphis 2013 International Paper Money Show, we distributed a "Wanted" poster with a picture of that $1,000 Gold note offering a nice grade small size $500 to anyone coming forward with the current whereabouts of the missing Friedberg plate note. We were unsuccessful in finding any information on the missing example then and that is still the case today. It is currently believed to be possibly locked away in an institutional collection as even members of the Friedberg family do not know from whom their father Robert Friedberg originally acquired the photograph. Therefore, we feel quite confident in referring to our present offering as, "One of a Mere Two in Private Hands." Our currently offered piece is a mid-grade beauty with ample margins on all four sides, bright white paper, and ideal color on both the face and back. PMG cites a minor restoration on the back label and we are unable to see any restoration through their holder. At FUN 2014, the note in this lot commanded a winning bid of $881,250. We do not expect a realization of that much in today's climate, but we do feel that our estimate is on the conservative side and would not be surprised if our estimate is roundly eclipsed. Therefore, all prospective bidders should heed our warning.
Auction Info
2022 May 4 - 7 Central States US Currency Signature® Auction #3587 (go to Auction Home page)
Auction Dates
May, 2022
4th-7th
Wednesday-Saturday
Bids + Registered Phone Bidders: 17
Lot Tracking Activity: N/A
Page Views: 3,702
Buyer's Premium per Lot:
20% of the successful bid per lot.
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