Goldberg Coins and Collectibles

Sale 34

Pre-Long Beach Coin and Currency Auction

Federal Reserve Bank Notes - Large

Lot	Photo	Description	Realized
Lot 3213		Fr-713. 1918, $1 Federal Reserve Bank Note. PCGS Gem New 66PPQ. . Fr-713. . KL-66. New York district. With the establishment of the Federal Reserve System, a new type of currency came into existence. The notes issued under this system are the Federal Reserve Bank Notes and the Federal Reserve Notes. The Federal Reserve Bank Notes were also inscribed 'National Currency'; the Federal Reserve Notes are not so inscribed and are currency of the system proper, and not of the individual banks in the system. The obverse designs of these two issues are markedly different; the reverses are similar. There were two separate issues of the Federal Reserve Bank Notes, the series of 1915 and the series of 1918. Estimated Value $500 - 600. View details and enlarged photos	Realized $661
Lot 3214		1918, $1 Federal Reserve Bank Note. CGA Superb Gem New 67. . Fr-717. . KL-70. This Chicago district note is incredibly fresh and attractive; just the thing for a collection of large size paper money! Estimated Value $800 - 900. View details	Unsold
Lot 3215		1918, $1 Federal Reserve Bank Note. . Fr-717. . KL-70. PCGS New 62PPQ. Philadelphia district. Estimated Value $300 - 350. View details	Realized $489
Lot 3216		Fr-720. 1918, $1 Federal Reserve Bank Note. PCGS Gem New 66PPQ. . Fr-720. . KL-73. Another outstanding Gem quality bill, this time on the Cleveland district (there are 12 federal reserve districts laid out to serve a slice of this large country). As mentioned above, these notes are inscribed "National Currency" and are similar in general to National Bank Notes. The obligation to pay the bearer on demand is made by the specific Federal Reserve Bank and not by the United States. Estimated Value $600 - 800. View details and enlarged photos	Realized $661
Lot 3217		Fr-721. 1918, $1 Federal Reserve Bank Note. PCGS Gem New 66PPQ. . Fr-721. . KL-74. Richmond district, a scarcer note. Although modern, the Federal Reserve Bank Notes are all quite scarce and are avidly collected. Most of the issue has long since been redeemed and according to Treasury Department records only a little more than 2 million dollars is still outstanding out of a total issue of nearly 762 million dollars. Gems are few and far between. Estimated Value $800 - 1,000. View details and enlarged photos	Realized $978
Lot 3218		1918, $1 Federal Reserve Bank Note. CGA Gem New 66. . Fr-727. . KL-80. A beautful Gem quality Chicago district note, the back has a bald eagle holding an American flag. Estimated Value $500 - 600. View details	Realized $575
Lot 3219		1918, $1 Federal Reserve Bank Note. PMG Gem New 66. . Fr-728. . KL-81. Bold design and fresh colors; the margins are full, complete, and nicely balanced on this gem issue from the Chicago federal reserve district. At the time this note would have been current (the 1920s) a gentleman by the name of Alfonse "Al" Capone called Chicago his home town, quite literally. Estimated Value $600 - 700. View details and enlarged photos	Realized $805
Lot 3220		1918, $1 Federal Reserve Bank Note. Fr-734. . Fr-734. . KL-87. Writing on back. Popular and scarce Minneapolis district. PCGS graded Apparent Very Good 10. Estimated Value $90 - 100. View details and enlarged photo	Realized $58
Lot 3221		Fr-737. 1918, $1 Federal Reserve Bank Note. PCGS Gem New 66PPQ. . Fr-737. . KL-90. Another of the scarcer federal reserve districts, this is a fresh, eye-appealing Kansas City note. Estimated Value $800 - 1,000. View details and enlarged photos	Realized $1,006
Lot 3222		Fr-739. 1918, $1 Federal Reserve Bank Note. PCGS Gem New 65PPQ. . Fr-739. . KL-92. Nicely centered on excellent paper; a fresh note. Estimated Value $500 - 600. View details and enlarged photos	Realized $604
Lot 3223		1918, $2 Federal Reserve Bank Note. . Fr-749. . KL-148. The desirable Battleship deuce with fresh white paper, fresh blue overprint, and perfect centering within wide margins. These have been popular with collectors ever since we can remember; and will no doubt continue their steady march upwards as more buyers enter the hobby. Issued by the Boston federal reserve district. Estimated Value $3,500 - 4,000. View details	Realized $3,680
Lot 3224		Fr-757. 1918, $2 Federal Reserve Bank Note. PCGS Gem New 66PPQ. . Fr-757. . KL-156. Battleship Deuce patterned on the U.S. battelship New York that saw active duty in the first World War. Serial No. D536A. A splendid gem with fresh white paper, nice blue seal and serial numbers (vivid), and crispness that just won't end. Sure to please even the most fastidious paper money buyer. Thomas Jefferson is pictured at left. Estimated Value $4,000 - 5,000. View details and enlarged photos	Realized $5,175
Lot 3225		1918, $1 Federal Reserve Bank Note. . Fr-712. . KL-65. Consecutively numbered notes. Each CGA Gem Uncirculated 66. Lot of 4 notes. Estimated Value $2,000 - 2,200. View details	Realized $2,415
Lot 3226		1918, $1 Federal Reserve Bank Note. . Fr-738. . KL-91. A group of 4 Consecutively Numbered notes, each PCGS graded Very Choice New 64 (2) and gem New 65 (2). Lot of 4 notes. Estimated Value $2,000 - 2,500. View details and enlarged photos	Unsold
Lot 3227		1914, $5 Federal Reserve Note. . Fr-848. PCGS Gem New 65PPQ. A popular, inexpensive Lincoln denomination. Estimated Value $400 - 450. View details	Realized $604
Lot 3228		1914, $5 Federal Reserve Note. . Fr-851a. PMG Superb Gem Unc 67. Gorgeous Lincoln $5, the paper is fresh as fresh can be, the colors vibrant, and the margins perfectly balanced around the design. Estimated Value $1,000 - 1,200. View details and enlarged photo	Unsold
Lot 3229		1914, $5 Federal Reserve Note. . Fr-851a. PCGS Choice New 63PPQ. Estimated Value $300 - 325. View details	Realized $391
Lot 3230		Fr-870. 1914, $5 Federal Reserve Note. PCGS Gem New 66PPQ. . Fr-870. A lovely Lincoln $5 in gem condition with bright paper and bright colors. On the back of the $5 Federal Reserve notes is Columbus in sight of land (left) and at right, the landing of the Pilgrims, two key events in the history of the New World as scholars called the Americas at the time. Estimated Value $1,000 - 1,250. View details and enlarged photos	Unsold
Lot 3231		1914, $5 Federal Reserve Note. CGC Extremely Fine 45 PQ. . Fr-891a. Desirable Type in outstanding condition for the grade. Estimated Value $125 - 150. View details	Realized $180
Lot 3232		1914, $10 Federal Reserve Note. Red Seal. . Fr-893b. PCGS Gem New 66PPQ. Always difficult to obtain, the 1914 series of Federal Reserve note with red seal and serial numbers was printed in small numbers before it was displaced by the far commoner blue seals. An illustrious example in this superlative condition! Estimated Value $4,500 - 5,500. View details and enlarged photo	Realized $6,038
Lot 3233		Fr-899a. 1914, $10 Federal Reserve Note. PCGS Gem New 65. . Fr-899a. Red Seal, a much scarcer Type. The Federal Reserve went into operation in 1913, in time to help the federal government finance its entry into World War I in 1917. These notes, while technically unbacked paper money, were convertible into specie (gold or silver) at banks upon request. Between 1917 and 1919, however, the payment in gold was suspended. The $10 denomination was a hard-working one, with most survivors well circulated. Gems like this are truly few and far between today. A fabulous opportunity for the collector to acquire a nice Red Seal 1914 $10. Estimated Value $5,000 - 6,000. View details and enlarged photos	Realized $4,600
Lot 3234		1914, $10 Federal Reserve Note. . Fr-908. PCGS Very Choice New 64. Bright and crisp with nice blue overprint. Estimated Value $300 - 350. View details	Realized $540
Lot 3235		Fr-911a. 1914, $10 Federal Reserve Note. PCGS Superb Gem New 68PPQ. . Fr-911a. An utterly fresh, gorgeous Gem whose perfection is easily seen in the crisp white paper, bold blue overprint on the front, and dark blue-green ink on the back design. This is the most proflic issuing district, New York, encompassing the money center of the country, New York City. Signatures are of White and Mellon. Vignettes of factory and farm scenes are used on the $10 series Federal Reserve Notes and National Currency series 1910. On the back is the key redemption notice "payable in gold on demand" since in the early years of the Federal Reserve system (up to 1933) notes were backed by hard money. Later on, after the gold confiscation in April 1933, this no longer applied and eventually, the new small size Federal Reserve notes changed their obligation to what is for all intents and purposes a non-obligation. Estimated Value $600 - 700. View details and enlarged photos	Realized $1,800
Lot 3236		Fr-940. 1914, $10 Federal Reserve Note. CGA Gem New 66. . Fr-940. Scarcer Kansas City district. A fresh, well centered Gem. Estimated Value $600 - 700. View details and enlarged photos	Realized $1,035
Lot 3237		1914, $20 Federal Reserve Note. . Fr-968. PMG Gem Uncirculated 66. This handsome $20 has a portrait of Grover Cleveland facing left. Cleveland has the distinction of serving two non-sequential terms of office as President, having been elected in 1884, then losing the election of 1888, but being re-elected to his second term in 1892. Estimated Value $1,000 - 1,200. View details and enlarged photo	Realized $1,035
Lot 3238		FR-995. 1914, $20 Federal Reserve Note. CGA Superb Gem New 67. . Fr-995. A wonderful fresh gem note that boasts strong blue overprint, smooth white crispness, and sharp corners. The sharp-eyed collector will be able to spend days studying the intricate printing design and timeless steam engine and steam ship vignettes. There is even a tin lizzy ragtop automobile putting along the road beside the railroad tracks on the design, a little tugboat, and a wonderful rickety looking biplane. New York city and the Statue of Liberty provide the background to the ocean liner. Estimated Value $1,000 - 1,200. View details	Realized $1,150
Lot 3239		Fr-1011b. 1914, $20 Federal Reserve Note. PCGS Very Fine 35PPQ. . Fr-1011b. Nice fresh surfaces for the grade with pleasing paper quality. Estimated Value $400 - 500. View details and enlarged photos	Unsold
Lot 3240		1914, $50 Federal Reserve Note. PCGS Very Fine 20. . Fr-1024. Scarce high denomination federal reserve note, this one is on the Boston district; there are 12 federal reserve districts set up in 1913 and still in operation today. Estimated Value $500 - 600. View details and enlarged photos	Realized $575
Lot 3241		1914, $50 Federal Reserve Note. PCGS Very Fine 25. . Fr-1039a. A pleasing lightly circulated high denomination FRN from the Cleveland district. Estimated Value $400 - 500. View details and enlarged photos	Realized $403
Lot 3242		Fr-1046. 1914, $50 Federal Reserve Note. PCGS Gem New 65PPQ. . Fr-1046. A very scarce high denomination note which depicts Ulysses S. Grant on the front, America's 18th President and a Union General in the War Between the States, 1861-65. The seafaring back of this $50 denomination depicts a passenger cruise ship and a military ship. Estimated Value $3,000 - 4,000. View details and enlarged photos	Realized $3,680
Lot 3243		A group of Large Size Notes. Consists of: Fr. 39. $1.00 1917 Legal Tender; Fr. 60. $2.00 1917 Legal Tender; Fr. 238. $1.00 1923 Silver Certificate; Fr. 867. $5.00 1914 Federal Reserve. Notes grade from Good to Fine. Lot of 4 notes. Estimated Value $175 - 225. View details	Realized $115
Lot 3244		1914, $10 Federal Reserve Notes. Consists of the following notes, each PCGS graded as follows: Fr. 907-a Fine 12; Fr. 907-a Apparent Fine 12 minor edge tear; Fr. 907-a Apparent Fine 12 edge stains; Fr. 908 VG-10; Fr. 911-a Fine 12 (2); Fr. 911-a VG-10; Fr. 911-a Apparent Fine 12 edge tear; Fr. 911-b Fine 12 (better "b" variety); Fr. 915-a VG-10; Fr. 919-a Apparent Fine 12 washed; Fr. 922 VG-8 (scarce Richmond district); Fr. 928 VG-8; Fr. 931-b Fine 12 (better "b" variety); Fr. 934 Fine 12. Lot of 15 notes. Estimated Value $800 - 900. View details	Realized $920