2016-02-25 Thu

The spring paper money auction season starts from 18th March to 20th March in Rosemont which would also host a sale conducted by Lyn F. Knight Auctions of Overland Park, Kan. It will be soon followed by a Stacks’s Bowers Galleries auction at the Whitman Expo in Baltimore from March 30th to April 1st.

The auction’s highlights are large-size notes. A newly discovered $5 demand note of 1861 graded Very Fine 25 by Paper Money Guaranty is one. Another is a $5 national gold bank note from the First National Gold Bank of San Francisco. Though the most common of all national gold bank notes, it should draw attention because its grade, PCGS Currency VF-30 Apparent, is unusual for a class of currency in which most examples are worn.

The sale on 10th February contained 258 U.S. coins, medals and Americana but led off with 48 exclusive currency offerings including 14 large-size type notes. Only three of these graded less than Uncirculated and a $500 1918 Federal Reserve note from Cleveland was assigned a grade by PMG of VF-30 which sold for $28,200.

The auction also hosted two First Charter Period Series 1875 nationals: a $20 note from Paris, Ill. that brought $25,850, and a Lazy Deuce $2 note from the La Crosse National Bank yielding $17,625. A Series 1934D double denomination $5/$10 error sold for $25,850. A Massachusetts Bay Aug. 18, 1775, 6-shilling note, known as the “Sword in Hand” note was sold for $30,550.