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Major Rarities Highlight Central States Sale
By Bank Note Reporter
April 01, 2013

This article was originally printed in Bank Note Reporter.
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Three major rarities – individually valued at more than $1 million each – highlight Heritage Auctions’ second Platinum Night currency auction held in conjunction with the Central States Numismatic Society auction, April 24-29, 2013 in Schaumburg, Ill. More than 3,500 lots, ranging from Colonial currency to nationals and type notes, will cross the block with large- and small-size type notes worth $5,000 or more each featured in the April 26 Platinum Night session.

Highlights include a Series 1891 $1,000 Treasury Note, Fr. 379c, and a Series 1863 $100 Gold Certificate, Fr. 1166-c. Both sold privately by Heritage for $2.25 million each in 2006.

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These are rarities not only for their respective issue, but also for their type, as no other examples of these two types are available to collectors. The Series 1891 $1,000 Treasury Note is one of two examples known, the other is permanently impounded in the Smithsonian Collection.

Another highlight is a $1,000 1890 “Watermelon” Treasury Note, Fr. 379a, PCGS Apparent Extremely Fine 45. Its ornate design resembles the rind of a watermelon, earning it its nickname.

The finest known San Francisco $50 Original National Gold Bank Note, Fr. 1160, The First National Gold Bank charter 1741 will be tendered. This note is one of the highlights of the Tom Flynn Collection. According to the cataloger, five examples of this San Francisco $50 National Gold Bank Note are listed in the Kelly and Gengerke censuses, along with the unique 1875 example which is in the ANA museum. This piece traces its pedigree back to the holdings of the late Amon Carter, Jr.

A $5,000 1928 Federal Reserve Note, Fr. 2220-A, graded PCGS About New 58PPQ is “a magnificent and a well centered example with colors as bright as the day the note left the press nearly eighty years ago.”

A number of other small-size rarities will be offered, including a $10 1934 North Africa star Silver Certificate, Fr. 2308*, in PCGS Very Fine 25 PPQ; a $5,000 1934 Federal Reserve Note, Fr. 2221-K, in PMG Choice Uncirculated 64; and a $10,000 Federal Reserve Note, Fr. 2231-B, in PCGS About New 55 that was previously part of the Binion hoard. A rare Minneapolis $100 1914 Red Seal Federal Reserve Note, Fr. 1080a, is one of just three known examples, with one of those pieces permanently impounded in the Smithsonian.

In addition to the $50 National Gold Bank Note, the Thursday evening session will include a Colorado Territory First Charter $20. Graded Extremely Fine 45 by PCGS, “it is a gorgeous note and an uncommonly high grade for a Territorial example.”

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