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Knight CPMX Sale Finishes at $2.7 Million
By Bank Note Reporter
April 30, 2008 |
Lyn Knight's Chicago Paper Money Expo bank note auction March 28-29 drew 592 bidders who together helped push the overall total price realized to about $2.7 million dollars.
Among the 478 successful buyers is new owner of a four-note uncut sheet of Original Series National Bank Notes from Montana Territory, issued by the First National Bank of Helena.
The sheet consists of three $1 notes and a single $2 note with the very popular "Lazy Deuce" design. This sheet surfaced in 2004, the first time it left the hands of the family that acquired it around 1870.
Knight said only three uncut sheets of any type are known from Territorial national banks, excluding the District of Alaska. One is the in the American Numismatic Association museum, leaving two available for collectors.
He graded this sheet very fine, and it sold for $299,000 dollars, including 15 percent buyer's fee.
Other highlights of Knight's 2,700-lot auction were an 1864 $50 Interest Bearing Note dated April 20, referenced as Friedberg 203 and graded fine by catalogers. It brought $54,625 dollars.
Another Interest Bearing Note, a $20 dated March 18, 1864, Fr. 197, graded Apparent VF-25 Net by PCGS Currency, crossed the block for $33,350.
A large-size $500 Gold Certificate of 1922, Fr. 1217, graded VF-30 by Paper Money Guaranty fetched $34,500 dollars. Another 1922 Gold Certificate, a $50, Fr. 1200, graded PMG Gem Uncirculated-66 EPQ, hit $31,050.
A 1914 $20 Red Seal Federal Reserve Note, Fr. 953b, in PCGS Currency Superb Gem New-67 PPQ, beat a $17,500-$25,000 presale estimate to finish at $33,350.
Among Nationals, an 1875 $10 from the Union National Bank of Oakland, Calif., charter 2266, graded choice about uncirculated by the auction firm, sold for $32,200. Also closing at $32,200 was an eye-catching 1882 $20 Brown Back from Wyoming issued by the First National Bank of Laramie, charter 4989, graded extremely fine by sale catalogers.
An 1882 $100 Brown Back from the First National Bank of San Jose, Calif., charter 2158, in F/VF condition, that was once part of what catalogers called "the Indiana cash hoard" brought $25,875. The cataloger said only 10 $100 Brown Backs are reported for California.
A First National Bank of Yankton, North Dakota Territory, charter 2068, Original Series $1 NBN in XF/AU realized $25,300.
All prices reported here include buyer fees. More prices realized can be seen online at www.lynknight.com.
Knight's next note auction is scheduled for late June at the International Paper Money Show in Memphis, Tenn.
For additional information, see the Web site or contact Lyn Knight Currency Auctions, P.O. Box 7364, Overland Park, KS 66207; telephone (800) 243-5211;
e-mail support@lynknight.com.
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