Thursday, October 10, 2013

United States Paper Money of the Week: Discovery 1928C $10 Chicago “Star” Note Leads Baltimore Winter Expo Paper Money Session

By Matt Quinn, Assistant Director of Currency


The United States paper currency department at Stack’s Bowers Galleries is pleased to present an important public auction sale once again at the 2013 Whitman Baltimore Winter Expo on Thursday November 7, 2013. Over 750 showcased lots will be offered to the collecting community, in addition to the 300 Internet only lot session closing on Tuesday, November 12, 2013. Great diversity of genres has always been a trademark for our banknote auctions and this sale continues that trend. The sale contains notes from all facets of American paper money from colonial times to modern day Small Size Currency.

A diverse selection of historical currency from the colonial to obsolete banknote issuing periods commences the public auction session. Rare New Hampshire colonial notes including a superb August 24, 1775 3 Pounds, formerly from the Boyd collection, will be sold. Rare obsolete proofs are showcased including a specialized Philadelphia collection with rare color proofs and well vignetted rarities from the 1990 American Banknote Archives sale. Chester L. Krause, publisher and longtime collector, has consigned further notes from his vast holdings including rare lumber company scrip note sheets and individual rare scrip notes, many plated in his Wisconsin obsolete note reference.

Federally issued notes of the United States are the focus of our paper money sale catalog, with important National Bank notes from the Watermelon Collection Part II leading the way. This second part follows up our well received and extremely successful offering of Large Size type notes featured in our August 2012 ANA sale. This second part includes a diverse and extraordinary variety of National Bank notes with countless rarities from Ohio and Pennsylvania.  Seven examples of the coveted “Lazy Deuce” designs are part of this collection. Nevada will be a highlight state in this auction as well, with eight elusive notes offered from the “Battle Born” state.  Popular Large Size notes, with many important condition rarities, are highlighted by an important 1890 “Ornate Back” $10 Treasury Note in PMG Gem Uncirculated 66 EPQ.

Small Size currency, currently used and always in vogue with collectors, includes a monumental discovery item, which will certainly cause excitement. The note is a previously unknown 1928C $10 “Star” replacement from the Chicago district, serial number G00647785*. Experts Peter Huntoon and Jamie Yakes commented thus on the discovery, “We therefore realize that only a small fraction of the 7,200 that might have been printed ever got out. In fact, we consider it a miracle that any reached circulation. The 1928C star shown here was not an expected note.” Other Small Size rarities abound, including a pleasing mid-grade 1933 $10 Silver Certificate among others.


As we prepare to conclude our 2013 paper money auction calendar, we are already working on our 2014 auction schedule, which promises to hold many significant events for all genres of collectible currency. With the market trending upwards we encourage you to call one of our United States currency specialists to consign to one of our upcoming rare currency auctions. 

No comments:

Post a Comment