2018-11-27 Tue

Lyn Knight Auctions was organised in Overland Park, Kansas, on 13th November. Several error notes of the United States were offered during the event. One of the highlights was the First Charter Period national bank note with a double-denomination error. Experts believe that it’s the only specimen of its type. The $10/$20 Original Series note was issued by the Second National Bank of Springfield. It was sold for $18,000 even though it was graded Very Good 8 Apparent by PCGS Currency and required restoration. The unique specimen has a $10 face but the $20 back is not inverted as usual.

Another interesting error note is an 1862 $10 legal tender note without the black printing. Generally, the black parts are printed first, but that’s not the case with this error note. The black print does not appear on the allegory of Art, the eagle, portrait of Abraham Lincoln, and the American Bank Note Company and National Bank Note Company imprints. Graded PCGS Fine 15 Apparent with edge damage, the note was auctioned for $6,600, crossing its estimated value three folds.

A two-piece, double-denomination pair of 1882 $10/$20 Value Back notes issued by Lowry National Bank of Atlanta was sold for $78,000. The pair belongs to a sheet whose back is flipped and the obverse is printed right side up. One of the notes has a $10 obverse and $20 reverse while it’s the other way round for the other example. Both notes have been graded About New 50 by PCGS.

Image Courtesy: Lyn Knight Auction