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Sale 36
Pre-Long Beach Coin and Currency Auction
| Lot |
Photo |
Description |
Realized |
Lot 4421 |
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1890, $1 Coin Note. . Fr-347. . KL-55. The popular series of 1890 style with ornate back and nice bright colors. Choice and agreeable. PCGS graded Extremely Fine 40 with Courtesy Autograph of Huston.
Estimated Value $2,900 - 3,100.
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| Unsold |
Lot 4422 |
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Fr-355. 1890, $2 Coin Note. . Fr-355. . KL-142. PCGS Fine 15. This type, with the ornate green back, is very scarce in any grade. This is a pleasing circulated example.
Estimated Value $1,000 - 1,400.
The Brooklyn Collection.
View details and enlarged photos
| Realized
$1,926 |
Lot 4423 |
 |
1891, $2 Coin Note. PCGS Superb Gem New 67 PPQ. . Fr-357. . KL-144. General McPherson himself, or just about anyone associated with today's paper money collecting community, would be proud of this handsome Deuce. It has lovely colors, bright paper, and excellent centering. The PCGS grade of "67" appears right on the money to us through the holder. Pop 3; none finer.
These notes were issued as a result of the Legal Tender Act of July 14, 1890. This Act authorized the Secretary of the Treasury to issue the notes in payment for silver bullion purchased by the Treasury Department. The entire issue of thus became backed by metallic reserves. The notes were redeemable in actual coin, but whether silver or gold coin should be paid out was left to the discretion of the Secretary of the Treasury.
The Coin Notes as they are sometimes called were issued in denominations of 1, 2, 5, 10, 20, 50, 100, and 1,000 Dollars of the series of 1890 and 1891.
Estimated Value $9,000 - 1,000.
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| Unsold |
Lot 4424 |
 |
Fr-365. 1891, $5 Coin Note. . Fr-365. . KL-259. PCGS Fine 15. A little light circulation soil attests to this note's originality.
Estimated Value $400 - 600.
The Brooklyn Collection.
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| Realized
$1,179 |
Lot 4425 |
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1890, $50 Coin Note. . Fr-376. . KL-722. PCGS Very Fine 20. Less than two dozen $50 Treasury Notes are known, and at least a half dozen of those are permanently impounded in government institutions or museums. Several CU examples are extant, most from a small run of low serial numbers--the number B1 note is in the ANA Museum. The known circulated examples range from VG to EF, with this note certainly in the top half. It is solid for the grade with good colors, impressive eye appeal, and no major flaws. In comparison with coins, rare type notes are veritable bargains. Any U.S. coin with less than a dozen and a half examples available for the type would be a legendary rarity, with values approaching seven figures. With a small number of Uncirculated examples of this type selling in the last few years for solid six figure numbers, this piece could prove to be quite a bargain for the astute collector.
Estimated Value $65,000 - 75,000.
View details and enlarged photos
| Realized
$103,500 |
Lot 4426 |
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Fr-377. 1890, $100 Coin Note. . Fr-377. . KL-843. PCGS Very Fine 30. This Watermelon Hundred is one of fewer than three dozen examples of its type in existence, and eight of those pieces are permanently in government hands. It possesses excellent centering, great colors, and the ornate back, from which the nickname of the note is derived, is beautifully clean. The "Watermelon" effect of the large zeros remains pronounced, as the ink quality is razor sharp. With the current tremendous emphasis on paper money collecting, it's a shame that only two dozen collectors comprise the exclusive group that may possess this stately type. This same note realized $74,800 in 1999, and should realize a bit more today.
Estimated Value $90,000 - 120,000.
The Brooklyn Collection.
View details and enlarged photos
| Realized
$161,000 |
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