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Sale 47
Pre-Long Beach Coin and Currency Auction
| Federal Reserve Bank Notes - Large |
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| Lot |
Photo |
Description |
Realized |
Lot 5017 |
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1918, $2 Federal Reserve Bank Note. PCGS Very Fine 25PPQ. . Fr-749. . KL-148. This attractive Battleship from the Boston district bank is solidly original and problem-free for the grade. The colors are bold, the paper is bright, and the overall appearance is about as nice as can be seen at the Very Fine grade level.
Estimated Value $600 - 800.
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| Realized
$776 |
Lot 5018 |
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1918, $2 Federal Reserve Bank of New York. CUT SHEET OF 4. . Fr-752. . KL-151. PMG graded Choice Uncirculated 64 (2 notes) and Gem Uncirculated 66 Exceptional Paper Quality (2 notes). A wonderful lot of 4 consecutively numbered Battleship Deuces.
The "Battleship" note Series 1918 $2 Federal Reserve Bank note features on its back an engraving of the World War I battleship BB-34 USS New York. Launched in October 1912, the New York was flagship for Rear Admiral Frank Fletcher, commanding the fleet occupying and blockading Vera Cruz until resolution of the crisis with Mexico in July 1914. The New York then headed north for fleet operations along the Atlantic coast when war broke out in Europe. Three years later, after America's entry into the World War, preparations for "distant service," were completed and New York, Wyoming (BB-32), Delaware (BB-28), and Florida (BB-30) sailed for the British Isles. They reached Scapa Flow in the Orkney Islands, on December 7, 1917. Although retaining their American designation as Battleship Division 9, these four dreadnoughts became the 6th Battle Squadron of the British Grand Fleet upon arrival in British waters.
During World War II, USS New York participated in the invasions of North Africa (1942) and at Iwo Jima (1945). During the three days of shelling at Iwo Jima, the ship fired more rounds than any other ship present; and, as if to show what an old-timer could do, made a direct 14-inch hit on an enemy ammunition dump.
After the war, the New York was picked to serve as a target ship in Operation Crossroads, the Bikini atomic tests. The ship left San Francisco on May 1, 1946, and after calls in Pearl Harbor and Kwajalein, reached Bikini in June. Surviving the surface blast of July 1 and the underwater explosion July 25, BB-34 was taken into Kwajalein and decommissioned there August 29, 1946. Later towed to Pearl Harbor, this venerable lady was studied during the next two years, and on July 8, 1948 was towed out to sea some 40 miles and there sunk after an 8-hour pounding by ships and planes carrying out full-scale battle maneuvers with new weapons.
Estimated Value $17,000 - 18,000.
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| Realized
$16,100 |
Lot 5019 |
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1918, $5 Federal Reserve Bank Note. CGA Gem Uncirculated 67. . Fr-785. . KL-333. This low serial numbered note is from a high grade run of low numbered notes from this district bank that was saved at the time of issue. Like most, it is printed on bright, clean paper with bold inks. Although the paper on this example appears a little flat, it is well margined and has centering that is close to perfect on the face.
Estimated Value $3,000 - 3,500.
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| Unsold |
Lot 5020 |
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1918, $5 Federal Reserve Bank Note. CGA Choice Uncirculated 64. . Fr-785. . KL-333. This serial number 13 example from the Cleveland bank bears the courtesy autographs of Baxter and Fancher, the Cashier and Governor of the district bank. There is a broad corner fold in the lower right corner that appears not to have affected the grade.
Estimated Value $2,500 - 3,500.
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| Unsold |
Lot 5021 |
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1918, $50 Federal Reserve Bank Note of St. Louis, MI. . Fr-831. . KL-783. CGA graded Gem Uncirculated 65. Low serial number 115. Always in great demand as the rarest denomination of all Federal Reserve Bank Notes and the key note to a FRBN type set. While treasury records report only 33 examples unredeemed, around 50 examples have been recorded in all with about a dozen permanently impounded. The majority of existing notes came from the efforts of William Philpot whose legendary connections at the Dallas Federal Reserve allowed him to pull these out at face value when they came in for redemption some 60 years ago. This particular example is the finest we have ever seen or heard of. Held back from a 67 or 68 graded by a tiny imperceptible corner tip bend, this example is loaded with eye appeal, brightness and further enhanced by full broad even margins. A famous note, an important rarity and a "very cool" serial number. Here is an opportunity that may not be repeated for many years.
Estimated Value $30,000 - 35,000.
View details and enlarged photos
| Realized
$26,450 |
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