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B&M Takes Paper to Baltimore
 | By Bank Note Reporter
June 02, 2008 |
Bowers and Merena Auctions' June 4-7 auction at the Baltimore Coin and Currency Convention includes more than 500 lots of U.S. paper money, featured among them a high-grade "Porthole" $5 Silver Certificate star note and a serial No. 1 $10 "Bison" Legal Tender Note.
The No. 1 Bison note is Friedberg 114, the first of the nine Friedberg varieties of the type. PCGS Currency graded it Very Fine-30 PPQ.
Sale catalogers wrote that "this example is absolutely free of any problems and its light circulation actually gives the note a bit more character behind its historical significance. The colors are bright, the paper is fully original and the eye appeal is extremely pleasing. Because the top and bottom margins are incredibly uneven but remain full, we feel this note might have been hand cut and presented possibly to dignitaries." B&M has assigned a pre-sale estimate of $75,000-$125,000.
The "Porthole" Series 1923 $5 Silver Certificate star note, Fr. 282, is graded PCGS Currency Superb Gem New-67 PPQ. "With huge boardwalk margins, superb inks and paper quality and enough embossing to please even the pickiest of collectors, we actually question whether or not this note would qualify for a slightly higher grade," catalogers wrote, estimating it to bring $30,000-$50,000.
Other paper money highlights follow:
" 1886 $2 Silver Certificate, Fr. 242, PCGS Currency Superb Gem New-68 PPQ.
" 1886 $20 Silver Certificate, Fr. 314, graded Choice Extremely Fine-45 by Paper Money Guaranty.
" 1901 $10 Legal Tender Note, Fr. 118, PMG Gem Uncirculated-65 EPQ.
" 1922 $100 Gold Certificate, Fr. 1215, PCGS Currency Gem New-65 PPQ.
" 1899 $2 Silver Certificate, Fr. 249, PCGS Currency Superb Gem New-68 PPQ.
" 1923 $1 Legal Tender Note, Fr. 40, PCGS Currency Superb Gem New-68 PPQ.
" 1918 $2 Federal Reserve Bank Note, Fr. 768, PCGS Currency Choice New-63 PPQ.
" 1891 $10 Treasury Note, Fr. 370, PCGS Currency Superb Gem New-67.
" $2 Original Series, Fr. 387, from the First National Bank of Newark, Ohio, charter 858, graded choice crisp uncirculated by catalogers.
" 1905 $20 Gold Certificate, Fr. 1180, PMG Very Fine-30.
" $50 1891 Silver Certificate, Fr. 335, PCGS Currency Extremely Fine-40.
The B&M sale, an official auction of the Baltimore Coin and Currency Convention, will be held at the Baltimore Convention Center.
The full auction holds more than 3,000 coin and currency lots.
All lots and images can be viewed online at www.bowersandmerena.com. Printed catalogs are available by calling (800) 458-4646.
Bidding opened in mid-May online at www.bowersandmerena.com; by e-mail at auction@bowersandmerena.com; by telephone at (800) 458-4646; by fax at (949) 253-4091; and by mail addressed to Bowers and Merena, Baltimore Auction June 2008, 18061 Fitch, Irvine, CA 92614.
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