1934 $10 North Africa Star Note - One of Four KnownFr. 2308* $10 1934 North Africa Silver Certificate. PMG Very Fine 25.
Our consignor obtained this rarity in our 2011 FUN auction where it was cataloged, "This is one of the fabled small size notes that causes a steady progression of lookers at auction viewing. For decades the only known 1934 North Africa $10 star was the note long held in Jim Thompson's celebrated collection. That piece was the highlight of his small size holdings and it traded hands only after his untimely passing in 1998, when it sold privately for a price 'in excess of $50,000,' according to that year's edition of the Oakes-Schwartz catalogue. That note now resides in the tightest of hands, and may not return to the market for the next generation, if indeed that soon. The next example to appear was in our September 2006 auction. That VF+ note went for a record $120,750. The third star example was in our January, 2009 FUN auction, where it failed to sell but was later privately traded, reportedly for a figure in excess of $100,000. All three of the previously known stars are virtually identical in grade, as is this piece, which is newly discovered and offered here to collectors for the very first time. It is a problem free attractive mid-grade example which displays ideal colors for the grade, good margins, and eye appeal more typical of an even higher grade piece. Any estimate here is simply a surmise, as this rarity has been on the wish lists of many collectors for decades..." The note sold at that time for $57,500, but a conservative estimate today would be just a bit lower.
From The Kiawah Collection, Part II
View all of [The Kiawah Collection, Part II ]
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