Finest Known 1934A $20 Hawaii Mule Replacement NoteFr. 2305* $20 1934A Hawaii Mule Federal Reserve Note. PCGS Apparent Choice About New 55.
A piece that represents one of the rarest replacement notes for the entire Hawaii series. We first offered this Hawaii star rarity in our 2005 Taylor Family Collection sale. In that auction we described it as, "A very rare Mule star which bears the highest number of any recorded in the Oakes census. This is an extremely difficult note to obtain in any grade, especially in this state of preservation. A small repaired split at the bottom which barely enters the design must be mentioned for total accuracy in description." The piece remains the highest serial number listed in the small size tome, and we have offered just one other example of this replacement in any of our auctions since. PCGS noted the minor repair that we described and as a result assigned an "Apparent" grade. It last appeared with us back in 2014 in our Boston ANA Platinum Night session where it realized $14,100 on an estimate of $12,500-$17,500. To date, this note still remains the highest graded Mule star example by both services combined. Finding another, in any grade, is likely to entail a multi-year wait. The estimate today shall remain as then, and we feel the 2014 realization will easily be met and possibly surpassed here this evening.
From The Hawaii- Pearl Harbor Collection
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