Rare 1882 $1,000 Gold Certificate Auctioned

07 Mar 2019  Thu

Part 4 of the Joel R. Anderson Collection Sale was held on 28th February at the Whitman Coin and Collectibles Expo in Baltimore. One of the highlights was an extremely rare Rosecrans-Nebeker $1000 Gold Certificate, issued in 1882, graded PCGS Currency Very Fine 35. Only four such examples exist today, out of which, the offered one was the only note in private hands.

The obverse side of the note depicts a portrait of Alexander Hamilton, the word “GOLD” in gold inks, a red scalloped Treasury Seal, a big 1000 counter, bold blue serial numbers inside two gold panels, engraved signatures of Rosecrans and Nebeker. The orange-gold reverse design depicts a bald eagle with shield and a big Roman numeral M counter.

An example with serial number C24675 is a part of Federal Reserve Bank of Chicago’s collection and another one with serial number C29156 is with the San Francisco Reserve Bank. A note with serial number C24623 was used as the Friedberg plate note for the catalogue number for a long time but the real note has not appeared in the market for decades. Experts believe that it could be a part of an institutional collection. The offered note had a serial number C26834 and was discovered in 2013. It was auctioned by Heritage in January 2014 auction for $881,250 USD.

The moderately circulated note showcases bold inks, rich colours and full margins. It has some “Minor Restorations” on the back of the holder. It is the finest note of its type and was offered for an estimated value of $300,000 to $500,000.

Image Courtesy: Stack’s Bowers Galleries

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