Lot 1592
Republic of Hawaii Pick #11a 1895 (1897) $5 Silver Certificate of Deposit. PCGS Fine 15. Ashley-Damon signatures. #2042. Series of 1895 but first released in 1897. A fully original and problem-free example of this issued note which is very rare in all grades. It has a little trivial soiling on the back, but is otherwise free of any defects whatsoever. Believed to be second finest uncancelled $5 Series C note (behind #2953, VF).
Pictured on the right, an elderly Hawaiian man kneeling by the seashore. In the original photo (at the Sidney Public Library, Australia), he is actually in the backyard of a house in the village of Kaaawa on the island of Oahu. He kneels beside a steaming cooking pit (imu) that is being poked at with a long pole by another man. Also in the frame, a freshly slaughtered, hog-tied pig lying on its back with half a dozen large tapa-leaf "laulaus" ready for internment in the stone-and-earth oven for that night's luau cookout.
Only the $5 denomination uses genuine Hawaiian themes; due to the cost of engraving plates, the government of the Republic of Hawaii agreed with The American Bank Note Company to go with stock vignettes for the $10 and higher silver certificates.
Estimated Value $5,000 - 7,000.
Surfaced in Kauai in 1992 along with $5 Series C note #1812; Don Medcalf; several intermediaries; from the 9/09 Hawaii Collection.
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| Realized $8,625 |
