Lyn Knight Auctions

June 2007 - Currency Auction > June 13, 2007 - Session 1

Lot #1 - Large Size Type Notes > Silver Certificates - ($ 6,000.00 - $ 9,000.00)
Fr. 215 $1 1886
The elegance of America's First Lady is presented on the first Silver Certificate of our country. The quality of this small red seal note is clear from the very first impression. This note is tied for the finest graded, and with the quality it seems unimprovable to me. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #2 - Large Size Type Notes > Silver Certificates - ($ 5,000.00 - $ 8,000.00)
Fr. 217 $1 1886
A Martha Washington note with the large red seal (really orange) that has the ornate back design, and quality that rates it among the finest ever graded. It is crystal clear, upon first glance, why this note has received such a strong quality rating by PCGS. Previously from our March 2001 sale, Lot 493, where it was described as, "A most attractive large red-spiked seal Martha with broad margins, ideal color and paper quality that earned it the coveted PPQ designation." Graded Gem New 65 PPQ by PCGS.
Grade: PCGS Gem New 65 PPQ

Lot #3 - Large Size Type Notes > Silver Certificates - ($ 6,000.00 - $ 9,000.00)
Fr. 219 $1 1886
The Martha with the large brown seal is a beautiful and desirable item, and this note is tied for the finest graded by PMG. You will notice that the quality is exceptional as you inspect this beautiful note, that is one of four in this grade. Previously from our March 2001 sale, Lot 494. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #4 - Large Size Type Notes > Silver Certificates - ($ 20,000.00 - $ 30,000.00)
Fr. 221 $1 1886
This red-scalloped seal with the ornate back design has long been considered the toughest of the Martha notes, and this note is the finest among those few. Careful inspection will show you that the quality of this note would be difficult to overstate. This is the finest PMG has graded by a wide margin, no other Gems. Graded Superb Gem UNC 67 EPQ by PMG.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #5 - Large Size Type Notes > Silver Certificates - ($ 10,000.00 - $ 15,000.00)
Fr. 223 $1 1891
Exquisite quality is visible along every inch of this note, as you inspect this last issue of the Martha Washington Silver Certificates. This note has the redesigned back and it represents the finest example of this beautifully presented type. Previously from the Heritage/CAA Malcolm Trask Collection sale where it was described as, "Huge, even margins, perfect colors and great paper originality all come together on this beautiful Martha. This type is quite available up through the Choice grade, but it becomes very difficult to locate as a deeply embossed, perfect Gem. This piece would satisfy the fussiest of type-note collectors." Graded Superb Gem New 67 PPQ by PCGS.
Grade: PCGS Superb Gem New 67 PPQ

Lot #6 - Large Size Type Notes > Silver Certificates - ($ 6,500.00 - $ 10,000.00)
Fr. 224 $1 1896 Autographed
W.H. Low and Thomas F. Morris designed this note that depicts History instructing Youth. The back features George and Martha Washington portraits that were engraved by Charles Burt and Alfred Sealey. A spectacular, wide-margined Gem note that bears the courtesy autograph of D.N. Morgan. PMG has graded 41 notes as "66" and six as "67", autographed notes notwithstanding. Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #7 - Large Size Type Notes > Silver Certificates - ($ 5,000.00 - $ 8,000.00)
Fr. 227 $1 1899 K5
A very impressive single-digit Black Eagle from one of the more elusive signature combinations, Lyons-Treat. To obtain one, in such a high state of preservation, with solid, bold margins and deep, original embossing is indeed a challenge. If not originally part of the Amon Carter, Jr.'s #5 collection, it certainly could have been. Graded Choice UNC 64 EPQ by PMG.
Grade: PMG Ch. UNC 64 EPQ

Lot #8 - Large Size Type Notes > Silver Certificates - ($ 8,000.00 - $ 12,000.00)
Fr. 229 $1 1899
The Black Eagle $1 Silver Certificate was the mainstay of the circulating currency at the turn of the century and very few examples have survived in this amazing state of preservation. The fact is, very few ever had a chance to be this beautiful, from the day the sheet was cut. Graded Superb Gem New 68 PPQ by PCGS.
Grade: PCGS Superb Gem New 68 PPQ

Lot #9 - Large Size Type Notes > Silver Certificates - ($ 8,000.00 - $ 12,000.00)
Fr. 230 $1 1899
Quality standards for the printing of U.S. currency have always been high, but the concerns have been primarily about security, not the specific appearance of a particular note that was being printed. That is why pristine examples of such amazing quality are so truly rare. Graded Superb Gem UNC 68 EPQ by PMG.
Grade: PMG Superb Gem UNC 68 EPQ

Lot #10 - Large Size Type Notes > Silver Certificates - ($ 12,500.00 - $ 20,000.00)
Fr. 241 $2 1886
This is the first of the Hancock Series of 1886 $2 Silver Certificates. This issue had 6,796,000 notes printed. The note offered here is one of three notes that have been graded PMG Gem UNC 66 EPQ. This deuce has spectacular, original embossing that add to the bright, fresh colors and bold centering. The small red seal has long been considered the rarest of this type. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #11 - Large Size Type Notes > Silver Certificates - ($ 7,500.00 - $ 10,000.00)
Fr. 242 $2 1886
This series has been blessed with some very high quality notes. This Hancock has received continued high marks from cataloguers throughout the years. This note was graded Gem CU by us in August 1998, and again by Heritage in January 2006, where they chose Superb Gem New to add to the platitudes about excellent margins, deep, original embossing, perfect paper surfaces and splendid color. Hence the grade by PCGS. Certainly among the finest available. Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #12 - Large Size Type Notes > Silver Certificates - ($ 12,500.00 - $ 15,000.00)
Fr. 244 $2 1886
An amazing example of the large brown seal Hancock deuce that is tied, with a PMG "66", for the finest known. In our October 2000 sale, Lot 688, this was part of a collection, built exclusively by Stanley Morycz, with the finest quality possible. Super centering joins together with exceptional color and paper quality. Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #13 - Large Size Type Notes > Silver Certificates - ($ 22,500.00 - $ 35,000.00)
Fr. 245 $2 1891 E41
William Windom was the first Senator from Minnesota when Minnesota was admitted to the Union in 1858. He served until 1869, and then was reelected in 1871 and 1877. In 1881 he resigned as Senator in order to accept an appointment as Secretary of the Treasury under Garfield and Arthur. He was again appointed as Secretary of the Treasury in 1889 under President Harrison, where he served until his death on January 29, 1891. Windom delivered a speech at the annual dinner of the New York Board of Trade and Transportation during which he advocates protection of our nations shipping, and admonished the advocates of the inflationary impacts of coinage of free silver. Upon concluding his remarks, he fell dead on the speakers platform. His concluding remarks were: As poison in the blood permeates arteries, veins, nerves, brain and heart, and speedily brings paralysis or death, also does a debased or fluctuating currency permeates all the arteries of trade, paralyze all kinds of business and brings disaster to all kinds of people. It is as impossible for commerce to flourish with such an instrument as it is for the human body to grow strong and vigorous with a deadly poison lurking in the blood." A stunningly beautiful example of the $2 Windom note. This beauty has the bold, lipstick-red seal and is serial #E41. It is fresh, original and as pretty as you will find. PMG has graded five as "66" and six as "67". Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #14 - Large Size Type Notes > Silver Certificates - ($ 22,500.00 - $ 35,000.00)
Fr. 248 $2 1896
America's most beautifully designed series is enhanced by the unmistakable knowledge that this note is tied for the finest graded, with five others, by PMG. The five female figures on the face represent Science presenting Steam and Electricity to Industry and Commerce. Designed by Edwin H. Blashfield, with Thomas F. Morris designing the balance of the note. Graded Superb Gem UNC 67 EPQ by PMG.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #15 - Large Size Type Notes > Silver Certificates - ($ 20,000.00 - $ 25,000.00)
Fr. 254 $2 1899 H88
There is no doubt about the quality of this scarce signature combination when we know it has been graded by both PCGS and PMG. Our last offering described it a follows, "Here is a note that has it all...condition, rarity and a low serial number. The quality of this Napier-Thompson note is as good, or better than any 1899 deuce I have seen in quite some time. This note has been graded Superb Gem New 67 by PCGS. It is the toughest signature combination for the series and the quality is as good as it gets." Graded Superb Gem UNC 67 EPQ by PMG.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #16 - Large Size Type Notes > Silver Certificates - ($ 50,000.00 - $ 75,000.00)
Fr. 260 $5 1886
This is the second in the series of the Silver Dollar Backs. It has been graded PMG Gem UNC 66 EPQ, which makes it the FINEST GRADED, as the next best is a 65 EPQ. There are a total of 85 serial numbers listed in all grades, but just 16 may possibly achieve some degree of UNC when certified. This note was the Donlon illustration note. There were 7,345,800 notes printed.
Grade: PMG Gem UNC 66 EPQ

Lot #17 - Large Size Type Notes > Silver Certificates - ($ 60,000.00 - $ 90,000.00)
Fr. 263 $5 1886
The large brown seal Silver Dollar Back is the most readily available in UNC condition, but at this time PMG has graded only two notes as Superb Gem UNC 67 EPQ, and this note is one of them. I cannot find this serial number listed in the census, but the next serial number is there. The quality of this note is unmistakable with extraordinary color, fantastic embossing and exquisite centering. Absolutely the best that is now available. There were 7,400,000 notes printed. Graded Superb Gem UNC 67 EPQ by PMG.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #18 - Large Size Type Notes > Silver Certificates - ($ 37,500.00 - $ 55,000.00)
Fr. 266 $5 1891 E8
This is the very rare non-Silver Dollar Back reverse design which rarely appears in this condition. It was last described by us as, "Low serial #E8. A terrific opportunity to acquire a single-digit Silver Certificate from the earliest notes issued. It is a difficult item to evaluate with common single-digit notes regularly bringing $3,000 and up at auction. This note has a pedigree back to Albert Grinnell, New Netherlands in 1954 and Frank Nowak in 1970, with no more recent transactions. The census shows 50 in all grades, and in museums." Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #19 - Large Size Type Notes > Silver Certificates - ($ 15,000.00 - $ 25,000.00)
Fr. 267 $5 1891
The Series of 1891 $5 Silver Certificates resembles the face of the earliest 1886 issue which had the Silver Dollar Back, but that back design had been replaced by more geometric lathe work. In my opinion the design is less interesting, but beautiful none the less. This example has impeccable quality with broad margins, spectacular color and original embossing. This note is one of seven PMG in "66". There are also three in "65" as well. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #20 - Large Size Type Notes > Silver Certificates - ($ 35,000.00 - $ 50,000.00)
Fr. 270 $5 1896
In 1897, when the $5 Educational notes were released, the firm of Cabot, Cabot & Forbes was one of the old-line banking companies and pillars of the Boston blueblood society. Mrs. Cabot and Mrs. Forbes were very conservative and when they inspected their first $5 Educational note they ordered their husbands to not allow the notes in their banking and business house. This was due to the naked breast on the figure on the face of the note. Hence the term "Banned in Boston". This objection led the Government to cancel plans for the $10 Educational note and so abandoning the series. Since then the term "Banned in Boston" has been attached to other items. The central vignette of the $5 Educational note shows Electricity presenting Light to the World. Shirlaw did the original design for the $5 Educational note and Thomas F. Morris later modified it. Mr. Morris also designed the back using portraits of Grant and Sheridan at the sides and a female head, that greatly resembled his wife, at the center. This note has since been re-inspected by PMG, reconfirming the quality. PMG has graded six in "66" and a single note in "67". Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #21 - Large Size Type Notes > Silver Certificates - ($ 15,000.00 - $ 20,000.00)
Fr. 274 $5 1899
After the $5 Educationals were forced from cash registers, this design became the view of choice, and there it remained for over a quarter of a century. The portrait is of Chief Running Antelope. This Chief, with impeccable centering, is a spectacular example of this type. Brilliant color and deep, original embossing enhance the beauty of the paper. PMG has graded three as "66" and one as "67". Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #22 - Large Size Type Notes > Silver Certificates - ($ 55,000.00 - $ 75,000.00)
Fr. 274* $5 1899
There are 10 Chief stars reported. Only four have been certified, and there are three listed that have yet to be certified. This note was previously sold by Heritage in September 2001, Lot 6917, where it was described as, "Only a total of 54 Chief stars are known for all numbers combined, and of that group only a handful are listed an uncirculated. Four Fr. 274 stars are known with this and one other being listed as uncirculated. This note is absolutely Superb, it would be a standout Chief even if it was a non-star and a common number. The colors, margins and every other possible point of interest on this piece is at the very top of the scale. The original embossing is exceptionally deep and easily seen by even the untrained eye. This is by far the finest Chief star that we have ever seen, and it is likely the finest in existence. A true wonder note." This note has it all. It's been graded Gem UNC 65 EPQ by PMG, and I wouldn't be surprised if any of the others in the census as CU graded lower than this amazing example.
Grade: PMG Gem UNC 65 EPQ

Lot #23 - Large Size Type Notes > Silver Certificates - ($ 25,000.00 - $ 30,000.00)
Fr. 276 $5 1899
Chief Running Antelope would not be more pleased than to see his image on this gorgeous $5 bill. This note is tied for the finest graded by PMG. Even the most critical eye would have a hard time finding fault with this rare and desirable Napier-Thompson signature combination. Brilliant colors, race track margins and deep, original embossing make this note one of two PMG graded "66" notes. There are only 44 serial numbers listed in the census. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #24 - Large Size Type Notes > Silver Certificates - ($ 12,500.00 - $ 25,000.00)
Fr. 277 $5 1899
A beautiful $5 Chief Running Antelope note, from the Parker-Burke signature combination, that has approximately 210 serial numbers listed; about one-quarter are listed as UNC. In the PMG listings they show three at "65" and four at "66". This is a PCGS Gem New 66 PPQ, or equal to the finest known. Wonderful centering, exceptional color and breathtaking originality, all reasons this note is equal to the "finest graded."
Grade: PCGS Gem New 66 PPQ

Lot #25 - Large Size Type Notes > Silver Certificates - ($ 15,000.00 - $ 20,000.00)
Fr. 280 $5 1899
Quality is the key to the Highland Park Collection, and there is no doubt this Chief holds up its end of the quality in the collection. The PMG census shows they have graded a total of five notes at "66 PPQ". This could be construed by some as even better quality, but we remain neutral. Bold colors, huge margins and deep embossing are all obvious upon review of this Chief. Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #26 - Large Size Type Notes > Silver Certificates - ($ 45,000.00 - $ 60,000.00)
Fr. 282* $5 1923
Matthew Brady and Abraham Lincoln would both have been proud at the quality of their work that propelled them to the prominence on such an auspicious note. The quality is extraordinary. Whether you wish to comment about the color, the embossing, the centering or the fact that it is a star note, the results would be the same...AMAZING. Graded Superb Gem New 67 PPQ by PCGS.
Grade: PCGS Superb Gem New 67 PPQ

Lot #27 - Large Size Type Notes > Silver Certificates - ($ 15,000.00 - $ 25,000.00)
Fr. 282 $5 1923
Speelman-White signature combination. The central vignette of Lincoln is taken from a famous Matthew Brady image, and the back design is the great seal of the United States. There were 6,316,000 notes printed. During the last several years the Porthole note has become a highly regarded and sought after type that has been unavailable for long stretches of time. PMG has graded eight as "67" and twelve as "66", with this note being one of the later. I believe it to be an outstanding Gem with great color, excellent margins and deep, original embossing. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #28 - Large Size Type Notes > Silver Certificates - ($ 45,000.00 - $ 60,000.00)
Fr. 288 $10 1880
A spectacular black-back of 1880 with the portrait of Robert Morris. Morris, a signer of the Declaration of Independence and Superintendent of Finance from 1781 to 1784, has his portrait featured on this impressive black-back Silver Certificate design. The $10 denomination is the only one that survived with many uncirculated notes. There are 58 serial numbers listed in collector's hands, and 29 are listed as UNC. This note is the finest graded and only the Gem. Pedigreed to Kagin's, November 1, 1974, and Donlon two years later. Stanley Morycz later acquired it in 1995. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #29 - Large Size Type Notes > Silver Certificates - ($ 250,000.00 - $ 500,000.00)
Fr. 290 $10 1880
This is one of my favorite notes of all time. The first time I saw this note was in 1974 when it brought a huge price of $8,900. That was close to one-half the price of a $500 1880 Silver Certificate I sold Jim Thompson the next year at $22,500, now worth nearly 30 times that amount. I have always wanted the opportunity to handle this note. When it reappeared in the Shiva sale it was estimated for nothing, and I was sure I would get it, but no chance. My buddy, Larry Hanks, was sitting behind me and it became a part of the Great Lakes Collection instead. It has had a great home for those 10 years, and I am proud to now get the opportunity to offer this rarity. Currently there are 38 notes in the census in private collections, and the only other note that is CU was Bebee's, which is now in the ANA Museum. I believe the note in the Rickey Collection is probably second finest known. Since the acquisition from the Great Lakes Collection, this note has been certified by PCGS as Ch. New 64. I can understand the grade, and it is the finest known by a long way, as well as the finest known and the only UNC available to collectors. Graded Very Choice New 64 by PCGS.
Grade: PCGS Very Ch. New 64 PPQ

Lot #30 - Large Size Type Notes > Silver Certificates - ($ 30,000.00 - $ 50,000.00)
Fr. 291 $10 1886
The $10 Silver Certificates of 1886 are all very rare and desirable. This is the first of seven distinct combinations, with the small, red seal and Rosecrans-Jordan signatures. Only 400,000 notes were printed from that issue. Just 18 of those have survived in private collections, and of those, four have claims to UNC. This note is the only example close to the grade that we can find. The color is good, as is the paper quality, but the centering holds the grade out of Gem status. It is still the best. Ex: Donlon; Donlon illustration. Graded Choice New 63 PPQ by PCGS.
Grade: PCGS Choice New 63 PPQ

Lot #31 - Large Size Type Notes > Silver Certificates - ($ 7,500.00 - $ 15,000.00)
Fr. 294 $10 1886
This 1886 $10 has the large orange (red) seal and it is one of the best graded, out of the 50, more or less, in the census. The PCGS grade does not seem to account for the top margin being tight, but other than that, all I see is a minor corner tip fold. The Gengerke census shows five possible UNCs, but we only know of one. Graded Choice About New 58 PPQ by PCGS.
Grade: PCGS Choice About New 58 PPQ

Lot #32 - Large Size Type Notes > Silver Certificates - ($ 7,500.00 - $ 15,000.00)
Fr. 295 $10 1886
Rosecrans-Huston signature combination. Scarcer than one might think. Only 30 serial numbers have been reported. The large brown seal Hendricks is a popular example to collect. Gengerke shows five AU and two CU from the 46 listed. These are rare and popular, with many being a part of old-time collections. There were 1,764,000 notes printed. Great paper quality, excellent centering and totally original. Graded Ch. XF 45 EPQ by PMG.
Grade: PMG Ch. XF 45 EPQ

Lot #33 - Large Size Type Notes > Silver Certificates - ($ 12,500.00 - $ 17,500.00)
Fr. 301 $10 1891
This is the 1891 $10 Silver Certificate with the revised back that is more open and geometric in design. This note was part of our sale of the Rickey Collection in October 2005 when it was chosen to represent design #85 in the 100 Greatest American Currency Notes. In the Rickey sale it was described as, "An impressive Gem red seal Hendricks note that has been graded Gem New 65 PPQ by PCGS, and earns that grade because of the impressive, fresh, original paper quality, sharp printing and even margins." We can find four Gems graded by PMG as well as this example. Graded Gem New 65 PPQ by PCGS.
Grade: PCGS Gem New 65 PPQ

Lot #34 - Large Size Type Notes > Silver Certificates - ($ 15,000.00 - $ 30,000.00)
Fr. 302 $10 1908
The Hendricks note did not have great changes between the 1891 and 1908 versions, but the large "X" was added to the left center of the face. When quality is the topic of conversation this example should lead as it has it all. There are broad margins, excellent centering, exceptional color, deep embossing and originality. There are four graded "65", but none as "66". Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #35 - Large Size Type Notes > Silver Certificates - ($ 200,000.00 - $ 300,000.00)
Fr. 305 $20 1878
Silver Certificate signed by Hopper. The triple signatures are the rarest of the rare, and there have been no offerings of the hand-signed examples since 1995, when this note was purchased for the Great Lakes Collection at $23,100. To find another offering you must go back to Stack's 1989 fixed price list at $19,500. This note does have circulation and would be a lower-end VF rather than a high-end note, but stats don't lie, this type is in strong hands. There are only three notes known, and all belong to collectors. This amazing rarity last appeared as part of the Great Lakes Collection. Careful inspection convinces me this is a hand-signed note. Graded Ch. Fine 15 by PMG.
Grade: PMG Ch. Fine 15

Lot #36 - Large Size Type Notes > Silver Certificates - ($ 50,000.00 - $ 70,000.00)
Fr. 311 $20 1880
The black-back notes of 1880 are some of the most attractive and sought after of all large size currency. The designs are rich and masculine, and prized among collectors. This series features the portrait of Captain Stephen Decatur, a naval hero during the War of 1812. The Gengerke census shows 134 notes reported, with 10 being graded AU or better. It is doubtful you will find a better example. Graded Ch. Abt. UNC 58 by PMG.
Grade: PMG Ch. Abt. UNC 58

Lot #37 - Large Size Type Notes > Silver Certificates - ($ 75,000.00 - $ 125,000.00)
Fr. 312 $20 1880
This is the last of the black-back twenties, and it has a small red seal, unlike the $10 that has a large red seal. This note has Bruce-Wyman signatures. There are only 24 of this type in private hands. This example is tied for the finest known as there is only one other graded as high in the census. I have handled the other note more than once and the quality is not quite as nice as this note, which shows some handling but no real folds are visible. Graded Abt. New 50 PPQ by PCGS.
Grade: PCGS Abt. New 50 PPQ

Lot #38 - Large Size Type Notes > Silver Certificates - ($ 150,000.00 - $ 300,000.00)
Fr. 313 $20 1886
The ornate back Manning notes are one of the rarest and most elusive types to locate in uncirculated condition. Only five have been reported which remain in private hands, of those, two are Fr. 313s, two are Fr. 315s and a single Fr. 316. The printing issue for this seal was miniscule. The 12,000 notes printed make it a total surprise that 10 remain in collectors hands, with three held in museums. The face of the note shows Daniel Mannings portrait in the center, with the allegorical figures of Agriculture and Industry on either side. Daniel Manning was the Secretary of Treasury from 1885 to 1887. He wanted to suspend government buying and coinage of silver, and urged the reduction of tariff and the retirement of the Greenbacks. This serial #B12 note has only been sold at auction once, that we know of, in over 100 years. It came from the Davenport hoard that we sold. A beautiful note that is kept from UNC by handling, corner tips, etc., rather than folds. A few low serial numbers were saved, offering us precious examples of this extremely desirable type and variety. This note is one of the finest available to collectors. Graded Abt. UNC 55 by PMG.
Grade: PMG Abt. UNC 55

Lot #39 - Large Size Type Notes > Silver Certificates - ($ 25,000.00 - $ 35,000.00)
Fr. 314 $20 1886
Ornate-back Silver Certificates remain rare and elusive in all grades with only 69 for this signatures combination, and 132 for the entire type and all grades. Above XF, only 10, for the whole type, are in private collections, and just two are Fr. 314. This is a bright, fresh ornate-back Manning note with a large brown seal and the Rosecrans-Huston signature combination. This note first appeared in a Sotheby's auction in 2000. It appears to have been folded in a change-purse for many years. The colors are vivid and the centering excellent, but the note has three folds. Graded XF 45 PPQ by PCGS.
Grade: PCGS XF 45 PPQ

Lot #40 - Large Size Type Notes > Silver Certificates - ($ 70,000.00 - $ 120,000.00)
Fr. 315 $20 1886
As an ornate-back 1886 $20 Silver Certificate "Diamond Back", this is certainly one of the finest. We know there are only 10 pieces graded AU or better listed in the census, and there are only two other notes that have a chance to be equal or better than this beauty. Only 24 are reported in all grades, in and out of institutions. Graded Abt. UNC 55, great color, by PMG.
Grade: PMG Abt. UNC 55

Lot #41 - Large Size Type Notes > Silver Certificates - ($ 85,000.00 - $ 125,000.00)
Fr. 316 $20 1886
This is arguably the rarest of the ornate-back Manning notes, but you can judge that for yourself. There were just 212,000 notes printed, far more than the Fr. 313, but few of those were saved. You know, the first of the type, but at the end of the series it seldom happens (16 total Fr. 313 with five in very high grade). There are 23 Fr. 316 notes, with two AU-CU in museums and two AU-CU that are available. This note is one of the best as it was unknown until a couple of years ago. A better note sold in 2001 at $99,000, and it was within the same serial number range as this Highland Park note. Great colors and excellent centering, but a hard to find centerfold away from UNC. Graded Abt. UNC 50, great color, by PMG.
Grade: PMG Abt. UNC 50

Lot #42 - Large Size Type Notes > Silver Certificates - ($ 55,000.00 - $ 75,000.00)
Fr. 317 $20 1891
This extremely scarce variety has only five notes listed in the census as UNC, from the 48 notes in private hands. This note previously appeared in our October 2005 sale, Lot 128, where it was described as, "This is the first public appearance of low #E8 $20 1891 Silver Certificate. It is also at least equal to the previously finest known #E5 which sold in 1955. No other circs have appeared with this signature combination since then. This note is gorgeous as it has bold margins, great color and is beautifully original. This is truly an exceptional example of the Rosecrans-Nebeker small red seal with the new back design. Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #43 - Large Size Type Notes > Silver Certificates - ($ 50,000.00 - $ 75,000.00)
Fr. 321 $20 1891
This is the Series of 1891 Daniel Manning note with the blue seal and serial numbers, and the new back design which offers more geometric lathe work and open field than was previously available. The quality of this note, that has pedigree to Robert Schermerhorn, is amazing. Exquisite colors and embossing are framed by the lovely centering. The total printing was 1,500,000. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #44 - Large Size Type Notes > Silver Certificates - ($ 150,000.00 - $ 250,000.00)
Fr. 328 $50 1880
A fabulous example of this large brown seal 1880 $50 black-back. There are only 20 in collector's hands, and most appear to be VF, with this note clearly being the second finest known. Take a look and you will want this beauty. If you did not get the Levitan-Rickey note at $287,500 in 2005, then this may be your only chance at one anytime soon. This note has a faint fold, otherwise it appears uncirculated. It has all the right stuff including color, originality, broad margins and eye appeal. Graded Abt. UNC 55 EPQ by PMG.
Grade: PMG Abt. UNC 55 EPQ

Lot #45 - Large Size Type Notes > Silver Certificates - ($ 150,000.00 - $ 250,000.00)
Fr. 329 $50 1880
The finest known of the entire 27 notes reported, including the notes in institutions. This note first appeared in 1978 on a Dean Oakes list as AU (it is easy to see why as the overall quality is all of that). Big Jim Thompson must have ordered it at that time because it was bought for the Peter Burg Collection when his Silver Certificates were sold in 1992. The term "finest known" can often be subjective, but unless something changes my mind, this is likely to remain the finest. The centering and color are so very nice, the embossing and originality are amazing and except for a faint centerfold and bends at the quarters, I would have called it superb. PCGS graded this higher than we did, Abt. New 53 PPQ, and I can understand the reasoning after reviewing the overall quality. I cannot find any other privately held examples in the same grade range.
Grade: PCGS Abt. New 53 PPQ

Lot #46 - Large Size Type Notes > Silver Certificates - ($ 75,000.00 - $ 125,000.00)
Fr. 334 $50 1891
I believe it is safe to say that this is the finest known Edward Everett $50 1891 Silver Certificate today. A gorgeous note from the middle of the run of 15 UNCs that were available years ago. Quality is the key word for this beautiful $50 Silver Certificate that is unimprovable as a type note. The colors are explosive, the original embossing is cavernous and it is framed by nearly flawless margins. The census shows four in "66" and one in "67" graded by PMG, with this being the best. Graded Superb Gem UNC 67 EPQ by PMG.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #47 - Large Size Type Notes > Silver Certificates - ($ 200,000.00 - $ 400,000.00)
Fr. 339 $100 1880
This series and signature combination can only be owned by two fortunate collectors, and this note is the finest known. The other example came from one of our greatest collectors, Amon G. Carter, and the other through an equally passionate collector, James Thompson. Any collector should be thrilled to be able to obtain this important rarity. This note was previously sold in our August 2005 sale where it was described as, "This is one of the most important notes of any collection. This is one of two known notes in private hands, and it is the best of the two. This note came to the Great Lakes Collection via the Shiva Collection, who had acquired it from the Thompson Collection. If quality and rarity are your objective, then this should be able to substantially fill both of those voids. It has the Bruce-Gilfillan signature combination, large brown seal and "C" below. It has circulation, but it is nice looking with good margins and generally problem free." Graded VF 20 by PMG.
Grade: PMG VF 20

Lot #48 - Large Size Type Notes > Silver Certificates - ($ 325,000.00 - $ 450,000.00)
Fr. 341 $100 1880
James Monroe is well represented on the black-back series of $100 Silver Certificates. We have been fortunate enough to handle many of the finest notes available of this series. This beauty can be traced back to Dean Oakes' 1979 fixed price list as "CU", and later through Stack's Herman Halpern sale as "AU", in its earlier history. It is easy to understand the grading variations on this note as it is truly a peach with the appearance of a Gem, but the slightest appearance of a center bend. Today I consider it the second finest known from the 20 notes listed in the census. This note has exceptional paper quality, centering good enough to frame the Mona Lisa and paper worthy of the Declaration of Independence. Absolutely one of the best, without any reservation. The finest known original example. Graded Ch. Abt. UNC 58 EPQ by PMG. Listing of known serial numbers and grades: A1289 VF A3632 F/VF Lyn F. Knight A10451 XF Lyn F. Knight A13958 CU ANA-Bebee A16165 Fine Heritage A16546 XF Treasury Dept. A23119 VF/XF Bowers & Merena A26585 EF Laminated A26691 XF Lyn F. Knight - Rickey A27392 VF Lyn F. Knight A31204 VG Federal Reserve Bank of San Francisco A32985 Fine Jack Fisher A33872 Fine Lyn F. Knight A34014 VF/XF Lyn F. Knight - Levitan A36280 Federal Reserve Bank of Richmond A49969 AU Lyn F. Knight - Carter A55492 VF Federal Reserve Bank of San FranciscoA63438 VF Unknown A67092 AU The note listed here A74536 VF Heritage/CAA A74771 VF CAA A81882 -- Werner A86099 XF Kagin A91226 -- Dean Oakes
Grade: PMG Ch. Abt. UNC 58 EPQ

Lot #49 - Large Size Type Notes > Silver Certificates - ($ 50,000.00 - $ 75,000.00)
Fr. 342 $100 1880
The small red seal for the 1880 $100 Silver Certificate is a real rarity with just 13 notes reported, and only 10 are in collector's hands. After selling the Amon Carter note for $241,000 in the Rickey sale, it may be difficult to get excited by this one. It is a decent note and is better than at least five of the 10 known, making this the fifth finest available. The note has good centering and decent color. It has been net graded because of a minor restoration that remains nearly invisible. Graded VF 20, restoration, by PMG.
Grade: PMG VF 20

Lot #50 - Large Size Type Notes > Silver Certificates - ($ 75,000.00 - $ 100,000.00)
Fr. 344 $100 1891
We previously sold this note is our October 2000 sale where it was described as, "This Monroe $100 is a beauty and is surely one of the best in private hands. Of the 27 other notes reported, seven are pretty well locked up for the foreseeable future, leaving 20, plus this note, for collectors. The quality is delightful. The note appears UNC until close scrutiny reveals the three folds. The centering is outrageous, and the portrait of James Monroe just wants to speak to you. A rare opportunity to acquire a major rarity, either as a type or for a signature combination collector." I called this note XF/AU when I graded it originally in October 2000, and I am not sure there is a better explanation of its quality today. Yes, there may be more than three folds, but it is original, fresh, well centered to a fault and absolutely problem-free. I doubt that if all the known examples were placed side by side that there would be more than three that were picked as better quality. This note is worthy of a strong bid, so look for strong interest in this note. Graded VF 35 PPQ by PCGS.
Grade: PCGS VF 35 PPQ

Lot #51 - Large Size Type Notes > Treasury Notes - ($ 17,500.00 - $ 25,000.00)
Fr. 347 $1 1890
The note depicts the portrait of Edwin M. Stanton who was Secretary of War under Lincoln and Andrew Johnson. He supported Breckenridges candidacy for President in 1860, and was suspicious of Lincoln, but knew how to get the job done, and fast. He believed in obeying the law, even when he did not agree with it. He also tried to impeach when Johnson ordered his removal as Secretary of War. This is one of the lowest serial numbers in the census for this series. Serial #1 is known, but is a lower grade. Serials beginning with 108 seem to run through 128, of high grade notes. Of course, not all are reported. There were 3,948,000 notes printed. The note offered here is a beauty that has brilliant colors, excellent embossing and broad margins that exemplify the type. Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #52 - Large Size Type Notes > Treasury Notes - ($ 5,000.00 - $ 7,500.00)
Fr. 348 $1 1890
This is a very scarce signature combination with only 39 examples known in all grades. There are seven notes in the census graded higher than this example, and several listed as XF. The note is a lovely example with great color and excellent centering. This note has been pedigreed back to Robert Schermerhorn in 1955. There were 802,000 notes printed. Graded Ch. XF 45 EPQ by PMG.
Grade: PMG Ch. XF 45 EPQ

Lot #53 - Large Size Type Notes > Treasury Notes - ($ 10,000.00 - $ 20,000.00)
Fr. 349 $1 1890
A small scalloped red seal with the Rosecrans-Nebeker Treasury signatures, and a print run of 2,410,000 notes. A jewel that was previously from the Shiva Collection, that was sold by Spink America in 1995. This note is totally fresh and original, with gorgeous color and beautiful paper quality. The back design is set slightly higher than the face. There is a "65" and "66" graded by PMG, as well as this "65" by PCGS. Graded Gem New 65 PPQ by PCGS.
Grade: PCGS Gem New 65 PPQ

Lot #54 - Large Size Type Notes > Treasury Notes - ($ 15,000.00 - $ 25,000.00)
Fr. 350 $1 1891
I feel I can say with confidence that this is the finest known Fr. 350, and I would expect it to remain so for many years. For either grading service to use a "68" designation they must feel the note has reached the best of all technical features that they require. Framed by the outstanding margins and centering, Secretary Stanton looks at his finest. The color is as good as I have seen, and the embossing is deep and original. There were 14,000,000 notes printed. Graded Superb Gem New 68 PPQ by PCGS.
Grade: PCGS Superb Gem New 68 PPQ

Lot #55 - Large Size Type Notes > Treasury Notes - ($ 7,000.00 - $ 10,000.00)
Fr. 352 $1 1891
We are pleased to offer this amazing Bruce-Roberts Treasury Note, as it is equal to the finest graded by PMG. The note is gorgeous with exceptional color, embossing and centering. What more can you get? There were 8,544,000 notes printed. A gorgeous $1 Stanton that has been graded Superb Gem UNC 67 EPQ by PMG. Ex: Grinnell and the lowest known serial number.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #56 - Large Size Type Notes > Treasury Notes - ($ 50,000.00 - $ 75,000.00)
Fr. 353 $2 1890
Here is a real beauty of this rare and sought after type and signature combination. The census shows several low serial numbers recorded, but not this one, which has remained tightly held for some 30 years. The margins are clear but not jumbo, yet the note is absolutely fresh and original with great color and paper quality, while the embossing is easier to feel than see. A great type that is hard to get. The ornate-back designs used on the Treasury Note Series are without compare. They are just as beautiful as they could be. The face shows the portrait of General James McPherson, a Union Army General, who was a hero in the Battle of Vicksburg. There were 2,650,000 notes printed. There are 131 notes known in all grades, with 33 listings of possible UNC examples. PMG list two at 64, one at 65 and one at 66. Within this census are all of the UNCs they have seen. Graded Ch. UNC 64 EPQ by PMG.
Grade: PMG Ch. UNC 64 EPQ

Lot #57 - Large Size Type Notes > Treasury Notes - ($ 15,000.00 - $ 30,000.00)
Fr. 354 $2 1890
This ornate-back deuce features the Rosecrans-Nebeker signature combination with the large brown seal. There are currently 26 notes in the census, with three of each, AU and UNC notes, listed ahead of this example. The note we are offering is a lovely, high-grade circ with three folds that has excellent color and paper quality. The total printing is only 450,000 notes, and the highest graded by PMG, other than this beauty, is a "35". Graded XF 40 by PMG.
Grade: PMG XF 40

Lot #58 - Large Size Type Notes > Treasury Notes - ($ 60,000.00 - $ 90,000.00)
Fr. 355 $2 1890
Without a doubt, this is one of the finest quality type notes in the sale. It's a real pleasure when you go through a collection and find a cherry like this. Even though we have many nice quality notes, it is still unusual to get to handle fresh, untouched, very scarce notes such as this. The ornate-back Treasury deuces are truly scarce, and a Gem like this is remarkable indeed. Amazing paper, super color, excellent margins, totally fresh and completely original. There are currently 58 notes in the census, including museums, and only nine are listed as UNC. This is the finest listed, followed by a PMG "63" EPQ. This note was previously part of the Dauer Collection. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #59 - Large Size Type Notes > Treasury Notes - ($ 10,000.00 - $ 15,000.00)
Fr. 356 $2 1891
This is the first of the open-back $2 Treasury Notes, and the issue of this signature combination is by far the lowest, with 4,152,000 printed, as compared to three times as many and 80% as many issued on the later series. Thirty-four of the 73 in the census are listed as UNC, but PMG has graded two in "66", and one in "68, five in "65" and three in "64", just to get an idea of availability. This note has a spectacular appearance as the centering is truly exceptional, the color is bold and vivid and the original, deep embossing is always a pleasure to see. Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #60 - Large Size Type Notes > Treasury Notes - ($ 10,000.00 - $ 15,000.00)
Fr. 357 $2 1891
This note has amazing, original everything. It is a very impressive note that shows the strength of original embossing, bold color and superior centering. The PMG census shows five in "67", twelve in "66", twelve in "65", four in "64" and five lower CU notes. The Gengerke census shows 273 notes, with 150 listed as UNC. I doubt few will equal the quality of this note. There were 12,348,000 notes printed. This note has been graded the same by both PMG and PCGS. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #61 - Large Size Type Notes > Treasury Notes - ($ 10,000.00 - $ 15,000.00)
Fr. 358 $2 1891
A fresh, original, pristine Gem $2 Treasury Note with the Bruce-Roberts signatures. This note has amazing, original everything, and has been graded Gem New 66 PPQ by PCGS. The best grade to date, by PMG, is a "65". There were 3,472,000 notes printed.
Grade: PCGS Gem New 66 PPQ

Lot #62 - Large Size Type Notes > Treasury Notes - ($ 20,000.00 - $ 30,000.00)
Fr. 359 $5 1890
A stern portrait of General Thomas graces the face of this popular large brown seal, ornate-back $5 1890 Treasury Note. There are very few opportunities of choice within the Highland Park Collection, but there are two distinctly different examples of this ornate-back Treasury five. This note represent a higher grade and serial number, but offers significantly deep, original embossing, boldly printed colors and exceptional centering. PMG has graded two in "65" and one in "67". PCGS has at least graded this one a "66". There were 3,500,000 printed.
Grade: PCGS Gem New 66 PPQ

Lot #63 - Large Size Type Notes > Treasury Notes - ($ 35,000.00 - $ 45,000.00)
Fr. 359 $5 1890 A33*
There are 99 serial numbers in the census for this first ornate-back Treasury with the large brown seal. The begin with serial #1 in the ANS Museum and continue with 11 other numbers under 100. Our note, #A33, came from the Grinnell sale and was used as the Donlon & Piek illustration, until sold by Donlon in 1971. PMG report shows this "64", two in "65" and one in "67". But...this is the Grinnell note! Graded Ch. UNC 64 EPQ by PMG.
Grade: PMG Ch. UNC 64 EPQ

Lot #64 - Large Size Type Notes > Treasury Notes - ($ 18,000.00 - $ 25,000.00)
Fr. 361 $5 1890
This is the small red scalloped seal with the ornate back design and Rosecrans-Nebeker Treasury signatures. The printing was 3,4000,000 notes, and Gengerke's census shows that 109 have survived. Of those, 58 are annotated as UNC. PMG has graded seven in "65", five in "66" and one in "67", as well as five lower grade UNCs. Excellent, even centering, exceptional, original embossing and bold printing and colors makes this note what it is. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #65 - Large Size Type Notes > Treasury Notes - ($ 5,000.00 - $ 7,500.00)
Fr. 362 $5 1891
This is the first of the four different signature combinations with the open-back design from the 1891 Series. There are 109 serial number in the Gengerke census, and 75 of those are listed as UNC. An amazing ratio, obviously created by a hoard being saved. This note has great color, exceptional margins and clear embossing through the plastic holder. PMG has graded three in "65", five in "66" and one in "67". The printing was 2,700,000 notes. Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #66 - Large Size Type Notes > Treasury Notes - ($ 6,000.00 - $ 9,000.00)
Fr. 363 $5 1891
Quality is the word for this special example of the Tillman-Morgan signature combination and the open-back design. The printing was quite large for this issue at 11,344,000. There are 181 serial numbers in the Gengerke census, with approximately one-half listed as UNC. The bold color and exceptional centering are enhanced by original embossing, visible through the plastic holder. Only three "67"s are graded by PMG, as well as seven in "66" and seven in "65". Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #67 - Large Size Type Notes > Treasury Notes - ($ 10,000.00 - $ 15,000.00)
Fr. 364 $5 1891
The Bruce-Roberts $5 Treasury Note of 1891 is quite rare in circulated condition because of the 109 serial numbers listed. Over 90 are shown as UNC in the Gengerke census. I have always felt the best quality $5s were available in this issue. PMG has graded seven in "65", seven in "66", three in "67", and they have graded nine in "64" or less UNC. Which means to me the overall quality is quite high. Exceptional color, centering and embossing enhance its reputation as one of the finest. Graded Superb Gem New 67 PPQ by PCGS.
Grade: PCGS Superb Gem New 67 PPQ

Lot #68 - Large Size Type Notes > Treasury Notes - ($ 15,000.00 - $ 25,000.00)
Fr. 365 $5 1891
This is one of the rarest of all Treasury Notes. There are twenty in the census, but they've been tough to acquire as long as I've been in business. It is a $5 1891 open-back with a small red seal and the Lyons-Roberts signatures. A great looking example that has full margins, vivid color and very good paper quality. This is one of the four notes listed as uncirculated in the census, and it is indeed a lovely example. I could personally see it being graded anything from Ch. AU to Ch. CU 63. There were 760,000 notes printed. Graded Ch. Abt. UNC 58 by PMG.
Grade: PMG Ch. Abt. UNC 58

Lot #69 - Large Size Type Notes > Treasury Notes - ($ 25,000.00 - $ 50,000.00)
Fr. 366 $10 1890 A22*
This is the first of the ornate-back Treasury $10s. This is a lovely note that first appeared in the Davenport hoard more than a decade ago. The low #A22 is the third lowest after #A12 and #A21. This example has excellent color and average centering that makes it even more appealing. Only 12 of the 93 notes listed in the Gengerke census appear to be UNC. PMG has graded a "64" and a "65" EPQ. There are 2,876,000 notes printed. Graded Ch. UNC 63 by PMG.
Grade: PMG Ch. UNC 63

Lot #70 - Large Size Type Notes > Treasury Notes - ($ 40,000.00 - $ 60,000.00)
Fr. 367 $10 1890
To me, this note is one unrecognized rarity as there are only 19 notes in collector's hands, and of those, 15 are uncirculated. Those facts make the Rosecrans-Nebeker large brown seal a highly desirable note. This note first appeared in my Memphis 1997 sale, Lot 188 and then in a Heritage/CAA sale in April 2006 where it realized $27,600 and was described as, "An absolutely gorgeous example of an 1890 Treasury Ten. The centering of both sides is terrific, the original embossing is pronounced across the entire surface of the note, not just on the seal and serial numbers, and the colors are the equal of the day the note was printed. Treasury Tens are truly scarce in this top grade and this striking example, with its large brown spiked seal, is sure to attract considerable bidder attention." Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #71 - Large Size Type Notes > Treasury Notes - ($ 35,000.00 - $ 50,000.00)
Fr. 368 $10 1890
Here is the best example I can imagine of the ornate-back 1890 Treasury Note with the small, red scalloped seal. There were 1,400,000 note printed and today there are 117 listed in the Gengerke census. Of those recorded, 73 are listed as UNC, so a nice group were saved. This note is the finest graded, as PMG has grade two in "67", four in "66" and eight in "65". This is a beautiful Gem with super centering, great color and paper quality. A totally original note. Graded Superb Gem New 68 PPQ by PCGS.
Grade: PCGS Superb Gem New 68 PPQ

Lot #72 - Large Size Type Notes > Treasury Notes - ($ 10,000.00 - $ 15,000.00)
Fr. 369 $10 1891
General Sheridan would be proud to have been represented on such a beautiful note. This is the first (of three) of the open-back design and it is nearly the finest known. This example has margins that frame it beautifully, excellent color and cavernous embossing, all indicative of the finest possible. PMG has graded three in "65", ten in "66" and one in "67". There were 976,000 notes printed. There are 106 in the Gengerke census, and of those, 87 are listed as UNC. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #73 - Large Size Type Notes > Treasury Notes - ($ 25,000.00 - $ 35,000.00)
Fr. 370 $10 1891
The second in the signature combination order of the open-back design 1891 $10 Treasury, of which there are 79 listed in the Gengerke census. Only 18 are shown as UNC, which makes this note an extremely desirable Friedberg number. Brilliant colors, strong, original embossing and even margins are all responsible for the grade of Superb Gem UNC 67 EPQ by PMG. The POP report shows twenty in "65", six in "66" and three in "67". There were 4,552,000 notes printed.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #74 - Large Size Type Notes > Treasury Notes - ($ 20,000.00 - $ 30,000.00)
Fr. 371 $10 1891
This was the last of the signature combinations to be issued for the 1891 Treasury $10 with the Tillman-Morgan Treasury signatures and a small red scalloped seal. There were only 500,000 notes printed, and there are just 42 listed in the Gengerke census, of which only six are shown as UNC. This note is tied, with one other note, for the finest graded. Deep, original embossing, extraordinary color and excellent margins give this note its appeal. Graded Gem UNC 65 EPQ, great embossing, by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #75 - Large Size Type Notes > Treasury Notes - ($ 125,000.00 - $ 175,000.00)
Fr. 372 $20 1890 A3*
Wow! That's a great word to start with when describing this $20 1890 Treasury Note with the large brown seal and ornate-back design. This magnificent note is first recorded from the Grinnell Sale on November 25, 1944, Lot 216 at $60. From there it went to Robert Schermerhorn, Herman Halpern and through CAA in 2001. There were 488,000 notes printed, and 59 serial numbers recorded. Only five UNCs, with this seal and type are shown in the Gengerke census, but I will promise it is a rare occasion to find one. Eight of the 59 pieces recorded are permanently impounded. The portrait of John Marshall, Chief Justice of the Supreme Court from 1801 to 1835, graces the $20 Treasury Notes. He was the only person used in this series that was not involved in the Civil War. The quality of this note is spectacular with exceptional color, lovely centering and complete originality of the paper. Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #76 - Large Size Type Notes > Treasury Notes - ($ 75,000.00 - $ 125,000.00)
Fr. 373 $20 1890
A rarity to all that collect signature combinations. This is one of only eight examples in private hands with the large brown seal and Rosecrans-Nebeker signature combination. This piece grades the same as another that was originally in the Brookdale sale. It could be a hair better, but let's just say it's tied for the finest known with that note. The last offering of this note was in 2005 where it realized $18,400. Earlier a VF/XF realized $18,700. Today I would conservatively expect somewhere within the estimate. There were only 100,000 notes printed. Graded VF 35 by PCGS.
Grade: PCGS VF 35

Lot #77 - Large Size Type Notes > Treasury Notes - ($ 50,000.00 - $ 75,000.00)
Fr. 374 $20 1890
This is the John Marshall note with the ornate-back design and the last of this kind with the small red scalloped seal and Rosecrans-Nebeker Treasury signatures. None of the ornate-back $20s can be considered anything but rare, especially uncirculated. There are now 100 serial numbers in all grades, and 18 purported to be UNC in the Gengerke census. I doubt that is far off, but there are three missing serial numbers at this point. PMG has graded six Gem - four in "65" and two in "67". Ours is one of the "65"s. This note has exceptional color, originality, embossing and margins, creating one of the finest possible examples. There were 704,000 notes printed. Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #78 - Large Size Type Notes > Treasury Notes - ($ 35,000.00 - $ 50,000.00)
Fr. 375 $20 1891
This is the only signature combination normally associated with the $20 1891 open-back design Treasury or Coin Note. There is a UNIQUE Tillman-Morgan Fr. 375a, but it is a bit of an enigma to all of us. The print run was 820,000 notes and the Gengerke census shows 105 notes, including 27 UNC. The PMG POP report indicates they have graded 92 Gems and 46 UNCs, indicating a more reasonable guess at 200 known, and with 150 UNC. PMG shows fifty-two in "65, twenty-nine in "66 and eleven in "67", with few, if any, available to collectors at this time. The Gem note offered here has excellent centering and lovely color and embossing. Sure to be a hit with its new owner. I have heard sales prices in excess of $50,000 on the "67" graded notes. Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #79 - Large Size Type Notes > Treasury Notes - ($ 750,000.00 - $ 1,250,000.00)
Fr. 376 $50 1891 B7*
William H. Seward, Sr., was born May 16, 1801, and served as Governor of New York from 1838 to 1842. Both as governor and a state senator he strived for increased spending on education, among other progressive platforms. He was appointed Secretary of State under Lincoln in 1861 and served in that position until 1869. He fought for, and eventually negotiated the U.S. purchase of Alaska, which was finalized March 30, 1867, later to be mockingly known as Sewards folly. An attempt on his life was made on the same night as the assassination of President Lincoln, which he survived largely due to a neck brace from a previous accident that protected his neck from the attackers knife. There are several monuments and tributes to Seward, most notably several towns including Seward, Alaska and his immortalization on the $50 1891 Treasury Coin notes. This is the finest Seward note in existence among private collectors today. The only known example in the running is serial #B2 but it is just not quite as nice, according to informed observers. We are pleased to offer this important piece of American currency as the premiere note of the Highland Park Collection. There were just 80,000 notes printed and only 23,500 issued. Currently there are 22 serial numbers recorded, including six in government collections, leaving a scant 16 notes possible. This note is graded Gem UNC 65 EPQ by PMG. We previously sold this note in June 2000 where it was described as, "This is a remarkable opportunity. Unmatched for as long as I have been buying and selling currency. Not since 1970 has a Seward note of this quality been offered publicly for sale. In fact, most of the circulated specimens are not even attractive. Including this example, 20 notes have been reported. At least seven are not likely to appear on the marketplace. Of the pieces listed as CU, one is not and four others are impounded, leaving this one and the serial #2 for the collecting public. This note is wonderful! It is problem-free and totally original. This note is the Hessler illustration and it has a long, privately held history. The last Seward to sell was an XF at $26,200 in 1995." In that August 1998 sale this note brought a realized price of $170,500.
Grade: PMG Gem UNC 65 EPQ

Lot #80 - Large Size Type Notes > Treasury Notes - ($ 250,000.00 - $ 500,000.00)
Fr. 377 $100 1890
Admiral David Farragut was born July 5, 1801 and was the Navys senior during the America Civil War, as well as the first full admiral of the U.S. Navy. At only twelve years old he was given his first command during the War of 1812; that of a prize ship taken by the USS Essex, which he returned to port safely. His role was integral in the American Civil War, being largely responsible for the capture of New Orleans and for his victory at the Battle of Mobile Bay. It is from this battle that his famous quote comes: Damn the torpedoes, full speed ahead! He died August 14, 1870, and has four monuments in his honor as well as numerous places and items named after him, undoubtedly none as prestigious as his portrait on the $100 1890 and 1891 Treasury Coin note. The Watermelon note remains the single most recognizable note among knowledgeable collectors of U.S. currency today. It has been so named for the similarity of the design within the oblong areas on the back of the note to the stripes on a watermelon (I guess they never saw Black Diamond watermelons). This note last appeared in public auction as part of the Levitan Collection where it sold to the same buyer of the Grand Watermelon note. Well, we sold them again in 2005, and this was not part of that collection. PCGS has downgraded William A. Philpott's original grade of AU to Extremely Fine 45, but it still remains one of the best you will ever have an opportunity to own. The census lists 34 serial numbers, but eight are permanently impounded by government collections and museums. The note has been graded Ch. XF 45 by PMG. It is one of a group that falls within a five serial number range which includes: A104451 CU Treasury to Smithsonian A104453 XF 45 Levitan (this example) A104454 AU Jason Wade, Bebee, ANA Museum This makes me curious as to the real quality of each, but I have not examined either of the others. In 2005 we sold the following notes: March 2005 Fine 12 $24,150 August 2005 XF 40 $143,750 October 2005 PCGS 50 $207,000 November 2005 PCGS 45 $105,800 As part of the Great Lakes Collection we sold an XF at $143,750, and in the Rickey Collection we sold a PCGS AU 50 for $207,000. Also, in May 2005 Heritage sold a Ch. New for $356,500. Here is how the privately held notes have been listed: A4274 VF A8423 Fine A9108 VF+ A12126 AU A17645 VG A26415 CGA EF 45 A27644 Fine A30163 VF A36191 Fine A44220 VG A45094 PCGS VF 30 A67171 CU A93772 Unknown A93800 VF A99502 VG - A104453 AU A108191 VF A109390 EF A110159 VG A110553 VF A112872 VG A116953 EF A117375 VF+ A117656 AU A118783 VF-EF
Grade: PMG Ch. XF 45

Lot #81 - National Bank Notes > California - ($ 50,000.00 - $ 75,000.00)
Fr. 1136 $5 1870 GBN
San Francisco, First National Gold Bank, 1741
This is the most common of all National Gold Bank Notes, but it is only common because there are 294 examples known, of which just 18 are listed as VF and five as XF or AU. This note has the quality of an UNC, but with three folds. The centering is decent, the paper amazing and the color is off the charts. Even the bank officers signatures are masterful. Certainly near the top of anyone's wish list.
Grade: XF/AU Bank Name: San Francisco, First National Gold Bank, 1741

Lot #82 - National Bank Notes > California - ($ 15,000.00 - $ 25,000.00)
Fr. 1136 $5 1870 GBN
San Francisco, First National Gold Bank, 1741
This note was hot property in the O'Neal sale, April 2006, when it was sold by Heritage. It realized $17,000 and was described as, "Although listed in the Kelly census, this piece has been off the market for many years. It is a far above average example with no flaws and plenty to recommend it, including bright paper, even borders and excellent color and eye appeal. There is not a hint of a repair or restoration of any kind, and the overall appearance here is of an even higher grade specimen than its technical grade would indicate." Graded Ch. Fine 15 by PMG.
Grade: PMG Ch. Fine 15 Bank Name: San Francisco, First National Gold Bank, 1741

Lot #83 - National Bank Notes > California - ($ 60,000.00 - $ 90,000.00)
Fr. 1138 $5 1872 GBN
Sacramento, National Gold Bank of D.O. Mills & Co., 2014
A beautiful example of this $5 National Gold Bank Note from Sacramento. It is doubtful that, other than the serial #1 note, any higher grade examples exist for the collecting public. While six notes are represented as being the same grade, we know that is not the case, especially among the VF grade. There can be leaps between the best and the worst. I believe this to be one of the best, until proven otherwise. The folds are relatively light through the coins on the back, and a light colored line has no impact on the beauty of this note. A solid VF with no other notes of similar quality seen in a decade.
Grade: VF Bank Name: Sacramento, National Gold Bank of D.O. Mills & Co., 2014

Lot #84 - National Bank Notes > California - ($ 12,500.00 - $ 25,000.00)
Fr. 1139 $5 1873 GBN
Santa Barbara, First National Gold Bank, 2104
The First National Gold Bank of Santa Barbara is certainly one of the rarest of all. A total of only 2,000 $5 notes were issued, and this is one of eight, from Santa Barbara, in private hands. Believe it or not, all but one of the rest are virtually equal to this one. The back shows some skins, but the signatures are still clear. This Gold Bank is rarely offered.
Grade: VG Bank Name: Santa Barbara, First National Gold Bank, 2104

Lot #85 - National Bank Notes > California - ($ 12,500.00 - $ 25,000.00)
Fr. 1140 $5 1873 GBN
Stockton, First National Gold Bank, 2077
The First National Gold Bank of Stockton rarely ever appears, and with only 4,000 note printed that is not really a surprise. The bank was liquidated in 1879, but not before issuing National Gold Bank Notes. There are only 14 $5 Gold Bank Notes known on this bank, and only two are graded higher than this piece. A rare opportunity to obtain this beauty.
Grade: Fine Bank Name: Stockton, First National Gold Bank, 2077

Lot #86 - National Bank Notes > California - ($ 75,000.00 - $ 125,000.00)
Fr. 1141 $5 1874 GBN
San Jose, Farmers National Gold Bank, 2158
This is the Original Series with charter numbers and it is absolutely THE FINEST KNOWN of the 41 examples extant, that includes at least seven graded Poor or Fair. I graded this note XF/AU when I offered it in 2003, where it realized $41,400, because of the explosive color and paper quality, rather than by a strict number of folds, as the third party grading firms like to use today. The note has folds, but the centering is excellent. As I have said before, the color is as fresh as it could possibly be.
Grade: VF/XF Bank Name: San Jose, Farmers National Gold Bank, 2158

Lot #87 - National Bank Notes > California - ($ 35,000.00 - $ 65,000.00)
Fr. 1142 $10 1870 GBN
San Francisco, First National Gold Bank, 1741
This is the $10 example, similar to the Fr. 1136, the $5, which is most often seen on Gold Bank Notes. The total issue of $10s was 18,004 notes, of which 29 serial numbers have been recorded. There are five in government collections or museums, and four are graded AG or worse. Five are graded VF like this note, but there can be considerable differences with the grade. I would say this falls in the middle of the pack, but that is really just an educated guess on my part. I do believe I recall two really nice ones. This note has a pedigree back to my early days when Steve Ivy and I handled the J.T. Wright Collection in 1975, where we offered this note at $850. Today notes like this should be in the $35,000 to $60,000 range.
Grade: VF Bank Name: San Francisco, First National Gold Bank, 1741

Lot #88 - National Bank Notes > California - ($ 35,000.00 - $ 50,000.00)
Fr. 1143 $10 1872 GBN
San Francisco, National Gold Bank & Trust Co., 1994
There are only twelve $10 notes in existence today from this National Gold Bank. Two others are listed as VF, as this note should be. Notes from this Gold Bank, chartered in 1872 and liquidated in 1879, are some of the most difficult of all to be found with 20 currently in the census of all denominations; with only $5 and $10 issues known to exist. It is a lovely, problem-free note with excellent Gold Bank Note color and perfect signatures. If you want a nice note, and still have some money left over for other toys, this will do nicely.
Grade: VF Bank Name: San Francisco, National Gold Bank & Trust Co., 1994

Lot #89 - National Bank Notes > California - ($ 8,500.00 - $ 15,000.00)
Fr. 1146 $10 1873 GBN
Stockton, First National Gold Bank, 2077
This is the Original Series with charter #2077. It is a well used example, but there is only one (good one) and it sold in Stack's in 1991. No other is graded as high as Fine, they are all VG or less. I call this note VG because it is basically intact and still has signatures, so it's problem-free.
Grade: VG Bank Name: Stockton, First National Gold Bank, 2077

Lot #90 - National Bank Notes > California - ($ 15,000.00 - $ 30,000.00)
Fr. 1149 $10 1874 GBN
Petaluma, First National Gold Bank, 2193
This is the Original Series counterpart, with charter number, to the finest known 1875 Series listed here. This note is one of seven and it last appeared when an old-time bank collection, from St. Joseph, Missouri, sold in the fall of 2002. The note is a solid note that is as nice, or better than all but one known.
Grade: VG Bank Name: Petaluma, First National Gold Bank, 2193

Lot #91 - National Bank Notes > California - ($ 100,000.00 - $ 200,000.00)
Fr. 1150 $10 1875 GBN
Petaluma, First National Gold Bank, 2193
This is a Gold Bank Note rarity beyond belief as only 600 notes were printed. Six have survived, and one is on white paper, making it a separate rarity. There is one that is laminated, making it virtually worthless, one in Poor, per Kagin's in 1979, which couldn't be much and two listed in VG. This note, on the other hand, is absolutely a beauty that I have called VF, yet it is so pretty you would love to grade it higher. This note is as good as it gets. The pedigree shows from Harley Freeman, through B. Max Mehl, to Amon Carter, Sr., then sold with the Amon Carter, Jr. Estate, between 1983 to 1985, and from there it headed West.
Grade: VF Bank Name: Petaluma, First National Gold Bank, 2193

Lot #92 - National Bank Notes > California - ($ 75,000.00 - $ 150,000.00)
Fr. 1152 $20 1870 GBN
San Francisco, First National Gold Bank, 1741
This is the First National Gold Bank of San Francisco Original Series with charter numbers. The total printing was only 11,248 notes. The face centering is wonderful, but the back is just a hair low. The signatures are spectacular and the paper quality is amazing for this issue. Better notes have not been seen for decades. A tremendous addition to even the finest collections.
Grade: VF/XF Bank Name: San Francisco, First National Gold Bank, 1741

Lot #93 - National Bank Notes > California - ($ 25,000.00 - $ 50,000.00)
Fr. 1153 $20 1875 GBN
San Francisco, First National Gold Bank, 1741
This is the extremely rare 1875 Series Gold Bank Note of which only 3,600 notes were issued. Only seven notes, one of which is laminated, have survived. A better example realized $74,740 in the O'Neal Collection sale by Heritage in 2005. The note appears to be intact and basically problem-free; a statement rarely made about Gold Bank Notes. It also appears to be at least close to the finest among those known. A true rarity that is seldom seen.
Grade: VG Bank Name: San Francisco, First National Gold Bank, 1741

Lot #94 - National Bank Notes > California - ($ 60,000.00 - $ 90,000.00)
Fr. 1154 $20 1872 GBN
Sacramento, National Gold Bank of D.O. Mills & Co., 2014
Research indicates that the best of the three known notes from Sacramento was sold by Stack's in the Herman Halpern sale in 1992, and it is still held tight. Then there is this example, which is much more pleasing than the grade would indicate. This note has great signatures and excellent gold color. I probably should have called it Fine, or a bit better, as that seems like a better grade for this note. It does have several pinholes and a couple of tiny splits. The third note known is listed as Fair, so don't expect much there. There were only 3,641 notes printed.
Grade: VG/Fine Bank Name: Sacramento, National Gold Bank of D.O. Mills & Co., 2014

Lot #95 - National Bank Notes > California - ($ 250,000.00 - $ 500,000.00)
Fr. 1157 $20 1875 GBN
Petaluma, First National Gold Bank, 2193
This is the first $20 California Gold Bank Note in existence today, based on all currently reported notes listed in the available census, and one of only 200 notes printed. There are a total of only 69 $20 Gold Bank Notes known from all issuing banks, including institutions, in all conditions. In fact, of the 69 notes reported, only five are listed as being better than Fine. This note was graded as VF by B. Max Mehl in 1953, but boy, was he wrong. This note has perfectly original paper quality and is only a centerfold and a couple of pinholes from perfection. In 1985, I sold this note and the $10 after they were acquired by me from the Amon Carter, Jr. estate. These notes were previously a part of the Harley Freeman Collection which Amon Carter bought intact in 1953 from B. Max Mehl. Now we are fortunate enough to offer this classic rarity once again for a collector who demands the finest. The condition is enough to make this note outstanding, but it is also UNIQUE for the bank and denomination on Gold Bank Note paper. The only other $20 known on this bank is a "white paper" in Good condition. Not even on the same planet as this amazing jewel. I cannot impress upon you how truly amazing this note is. I loved it in the Carter Collection, but in those days the rarities were coming so fast that you didn't have time to enjoy them. This note is very well centered and has deep, original embossing that adds to its desirability.
Grade: XF/AU Bank Name: Petaluma, First National Gold Bank, 2193

Lot #96 - National Bank Notes > California - ($ 20,000.00 - $ 30,000.00)
Fr. 1158 $20 1875 GBN
Oakland, First National Gold Bank, 2248
The First National Gold Bank of Oakland is one of only 1,600 notes printed. There are seven surviving notes, but probably the best example (D810699-1330), in Fine or better, was stolen. This example has the lowest serial #58. This note previously sold in a Heritage sale, Lot 647, where it was described as, "Oakland is the single rarest location of the National Gold Bank Notes issuers, with survivors from this bank just about evenly divided between $10 and $20 examples. After several offerings in 1991, not a single Oakland example has come to the market since, making this the longest period since the 1950s without collectors even having one chance to obtain any Oakland National Gold Bank Notes at public sale. This drought is now ended with the reappearance of this attractive piece, which has a long pedigree stretching back to a B. Max Mehl sale in 1944, and later residing in the collection of Amon Carter, Jr. Walter Herget obtained this piece from Dean Oakes in late 1991. The edges have been strengthened and a few splits quite deftly closed, but the note is otherwise untouched, and displays excellent color and body for the grade. A great opportunity to obtain a truly rare note."
Grade: VG Bank Name: Oakland, First National Gold Bank, 2248

Lot #97 - Large Size Type Notes > Gold Certificates - ($ 4,500.00 - $ 6,500.00)
Fr. 1168 $10 1907
This early $10 Gold Certificate is one of only 50 notes recorded in the Gengerke census, and 14 are reported, or purported to be UNC. This example has margins generally good enough for Superb, except for the upper right, which brings it within the Gem range in PCGS opinion. I should add that there are two PMG "67" also recorded, but the series is rare in Gem or better for sure. Brilliant color, deep, original embossing and excellent margins for the grade. Graded Gem New 65 PPQ by PCGS.
Grade: PCGS Gem New 65 PPQ

Lot #98 - Large Size Type Notes > Gold Certificates - ($ 20,000.00 - $ 40,000.00)
Fr. 1171 $10 1907 E4
I sold this cut sheet many years ago to one of my good friends. He has kept the #2 for himself and let the others find three good homes. All are Ex-Grinnell, and the quality of these low numbers is excellent. The census shows two PMG "65" and two PMG "66", of which we have one. A gorgeous note that is completely unmolested, with exquisite color, extraordinary embossing and Gem quality centering. Graded Gem UNC 65 EPQ by PMG.
Grade: PMG Gem UNC 65 EPQ

Lot #99 - Large Size Type Notes > Gold Certificates - ($ 3,500.00 - $ 5,000.00)
Fr. 1172 $10 1907
Top quality examples of these Gold Certificates are extremely hard to find, even when 36 out of 180 serial numbers are listed as UNC. Some are just not Gem by today's standards, and many that are, just cannot make the Gem category. This note does all of the above. It has great color, clear punch-through embossing and very nice centering. PMG has graded three notes as "66" EPQ, as well as this note. Graded Gem New 66 PPQ by PCGS.
Grade: PCGS Gem New 66 PPQ

Lot #100 - Large Size Type Notes > Gold Certificates - ($ 12,000.00 - $ 18,000.00)
Fr. 1173a $10 1922 H4 Mule
A great rarity with the serial #4. This note was graded Gem CU by me in November 2005, and Gem New by CAA/Heritage in 2002 as part of the Burnside Collection. PMG says there is a broad corner fold. Maybe so, but there is still only one graded higher than this beauty, and I doubt that one is a low serial number. We previously sold this note in our November 2005 sale where it was described as, "A superb example of this variety with the smaller serial numbers first used on the 1922 Gold Certificate. This note is serial #H4 and it has everything imaginable going for it. The quality is amazing and the low serial number adds to the mix. When we sold the #3 note, two years ago, it realized $10,925." Graded Ch. Abt. UNC 58 by PMG.
Grade: PMG Ch. Abt. UNC 58

Lot #101 - Large Size Type Notes > Gold Certificates - ($ 30,000.00 - $ 50,000.00)
Fr. 1174 $20 1882
The brown seal Gold Certificates of 1882 are, of course, DEPARTMENT SERIES, and they are, to say the least, RARE as an entire sub-set of Gold Certificates. The Bruce-Gilfillan is listed in the catalogs as preceding the triple-signatures, but of course that is incorrect. This issue is actually scarcer than the countersigned notes. People probably saved the outgoing notes in favor of the new issue. This is only the 14th note known, with one in the Smithsonian. One example is listed as CU and we sold that note as part of the Great Lakes Collection. While PMG has graded a "35", and this is a"30", I would have to see them together to believe it since this one looks more like a "40" than a "30" to me. Heritage also graded this note as XF in the Plymouth Rock Collection. The centering is tremendous, the colors strong and the paper shows a few faint folds. Graded VF 30 by PMG.
Grade: PMG VF 30

Lot #102 - Large Size Type Notes > Gold Certificates - ($ 35,000.00 - $ 50,000.00)
Fr. 1175a $20 1882
This magnificent triple-signature $20 has the engraved countersignature of Thomas Acton. It was sold at auction, for the first time, by CAA as part of the Dr. Cookson Collection, in January 1999, where it was described as, "This beautiful note from Dr. Cookson's spectacular collection is reaching the auction block for the first time. It is 100% original, with perfect surfaces, bright colors and excellent margins." The PCGS grade concurs with the original description, as does our grade when we sold it from the Rickey Collection. There were 586,000 notes printed. Graded VF 35 PPQ by PCGS.
Grade: PCGS VF 35 PPQ

Lot #103 - Large Size Type Notes > Gold Certificates - ($ 200,000.00 - $ 300,000.00)
Fr. 1176 $20 1882
The brown seal Gold Certificates of 1882 are excessively rare as a type, and even the individual varieties are considered to be rare by most, including me. This is the second finest known in collector's hands and PMG has graded it Ch. UNC 64 EPQ. There are only 18, of the 232,000 notes printed, that have survived in collector's hands, and no others have approached the two that PMG has graded. This note was part of the Bass Foundation sale in 1999 by Bowers and Merena. It has exceptional color, that is just breathtaking, and beautiful centering and paper quality.
Grade: PMG Ch. UNC 64 EPQ

Lot #104 - Large Size Type Notes > Gold Certificates - ($ 30,000.00 - $ 50,000.00)
Fr. 1177 $20 1882
This large, brown seal Gold Certificate represents the only example of its type, of which 200,000 were printed, as the government transitioned from the small brown to the small red seals. In the higher denominations they also used the ultra rare large, red (orange) seals. This note faces up like a Gem, but it really has three hard folds visible on the back. The color and centering are just great. The note first appeared in our Memphis 1984 fixed price list, mostly with notes from the Amon Carter Collection - Harley Freeman Collection. Only 24 pieces are in private collections. There is a PMG "66" EPQ, and then this note is next in the census. Graded XF 40 by PCGS.
Grade: PCGS XF 40

Lot #105 - Large Size Type Notes > Gold Certificates - ($ 35,000.00 - $ 50,000.00)
Fr. 1178 $20 1882
This is the first of the seal color change going from a small brown scalloped seal to a red one. Both of my previous descriptions, and Heritage's description, rave about the quality. PMG has graded six in "66" and one single note as "67". I wish I had a new word that was better than superb because I would use it in a heartbeat to describe this phenomenal piece of paper money. Amazing centering, paper, embossing and color. I have no other words to use. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #106 - Large Size Type Notes > Gold Certificates - ($ 125,000.00 - $ 250,000.00)
Fr. 1180 $20 1905
An amazing example of the stunning Technicolor twenty that is always considered a favorite among type note collectors. This type impressed Teddy Roosevelt so much that he was the original owner of the #1 note. The quality and beauty of this design shares space with the Ultra High Relief and High Relief for the finest of America's $20 Golds. The quality of this bill is amazing in every way. It ranks among the top original condition examples in existence today. If the best is within your means, here is your chance. This note has been graded Superb Gem New 67 PPQ by PCGS. Ex: Dr. Cookson Collection. This note has a history back to William A. Philpott, one of Texas' pioneers of U.S. paper currency, who, through his work in the Texas Bankers Association gave him unparalleled access to both the banks of Texas and the Dallas Federal Reserve. To him we owe the survival of this magnificent note.
Grade: PCGS Superb Gem New 67 PPQ

Lot #107 - Large Size Type Notes > Gold Certificates - ($ 15,000.00 - $ 25,000.00)
Fr. 1186 $20 1906
The Series of 1906 completely changed the look of the Gold Certificates as they were transitioned in style from 1882 to 1905 to 1906. The Series of 1906 had a variety of signatures, but exquisite notes like this are extremely scarce. There were 10,064,000 notes printed. Approximately 123 are listed in the Gengerke census, with only 23 listed as UNC. It appears that both PCGS and PMG have given their seal of approval to this grade. Graded Superb Gem UNC 67 EPQ by PMG.
Grade: PMG Superb Gem UNC 67 EPQ

Lot #108 - Large Size Type Notes > Gold Certificates - ($ 15,000.00 - $ 25,000.00)
Fr. 1187 $20 1922 Mule
The 1922 $20 Gold Certificate represents the end of an era for large size $20 Gold Certificates as it was the last signature combination used before small size currency was introduced in 1928. A large printing of 87,120,000 were issued, but only 1,200 have survived, according to the Gengerke census, with approximately 260 listed as UNC. PMG has graded four in "67", three in "68" and with this PCGS 67 PPQ Superb Gem New, these are the best there are. Fantastic color, great centering and exquisite paper quality make this note what it is...one of the absolute best. Graded Superb Gem New 67 PPQ by PCGS.
Grade: PCGS Superb Gem New 67 PPQ

Lot #109 - Large Size Type Notes > Gold Certificates - ($ 140,000.00 - $ 220,000.00)
Fr. 1192 $50 1882
The Fr. 1192 is a fantastic rarity as it existed only as a transition variety, along with the Fr. 1191, to change from the small, brown seal to the small, red seals. Only 13 are known in collector's hands, including a recently discovered note. This note is the finest known and it's appearance is stunning. Previously described in our November 2003 sale, with the CAA May 1998 description, as follows, "This magnificent, broadly margined, fully bright, very rare Gold Certificate is the virtual twin of the outstanding piece we sold last September. It is a new note to the market, having resided in 'The Fantastic Collection' for the last two-score years. Strictly original, three extremely light folds are its only imperfections. The colors are extraordinarily bright, with no signs of toning at all on the face and only minute traces of mellowing in a few small areas of the brilliant orange back." Graded Ch. XF 45 EPQ by PMG.
Grade: PMG Ch. XF 45 EPQ

Lot #110 - Large Size Type Notes > Gold Certificates - ($ 60,000.00 - $ 90,000.00)
Fr. 1193 $50 1882
As we transitioned the seal size and color to the small, red scalloped seal, we find 80 notes, of this variety, in the Gengerke census. Including museums, only four UNC notes are accounted. This is the finest known, as well as the next highest graded by PMG as Gem UNC 66 EPQ. This beautiful Gold Certificate has wonderful colors, original paper quality and broad margins.
Grade: PMG Gem UNC 66 EPQ

Lot #111 - Large Size Type Notes > Gold Certificates - ($ 12,000.00 - $ 24,000.00)
Fr. 1194 $50 1882
Many of the various signature combinations are very scarce and with short printing runs. This is the Lyons-Treat, and only 400,000 were printed. Currently there are just two in collector's hands. The finest known example is a PMG AU 58 which realized $29,900 at a Heritage sale, Lot 17353, in April 2006. This note is a PCGS XF 45 with the appearance of a higher grade. This note has been very conservatively graded by all reports over the years and it is still clearly the second finest known at this time. It has both excellent centering and beautiful color and shows the slightest signs of circulation. It is really a scarce note, even as a type, in this grade.
Grade: PCGS XF 45

Lot #112 - Large Size Type Notes > Gold Certificates - ($ 35,000.00 - $ 55,000.00)
Fr. 1195 $50 1882
This 1882 $50 Gold Certificate is the Vernon-Treat signature combination. While it has the same printing of 400,000 as Fr. 1194, there are 47 serial numbers listed. There is only a single CU among those listed, and it was in the Rickey Collection, realizing $49,450. This note absolutely looks like a Ch. UNC as no folds are visible (to me) through the holder. The color is bold and beautiful, the centering is Choice and the embossing excellent. Graded Ch. Abt. UNC 58 EPQ by PMG.
Grade: PMG Ch. Abt. UNC 58 EPQ

Lot #113 - Large Size Type Notes > Gold Certificates - ($ 20,000.00 - $ 30,000.00)
Fr. 1196 $50 1882
For the third issue in this series 400,000 notes were printed for the Vernon-McClung signature combination. This signature combination has 21 listed in the Gengerke census; only one is listed as AU and two are XF. The PMG POP report shows an XF 45 and XF 40 EPQ. I am surprised that this beautiful note has been so conservatively graded as all of its folds are on the edges. The central body is unmolested with virtually perfect color, centering and deep, original embossing. Graded XF 40 EPQ by PMG.
Grade: PMG XF 40 EPQ

Lot #114 - Large Size Type Notes > Gold Certificates - ($ 60,000.00 - $ 90,000.00)
Fr. 1197 $50 1882
A blazing example of this $50 Department Series that was last sold in the Dr. Edward and Joanne Dauer Collection by Heritage/CAA in September 2006, Lot 18234, where it was described as, "Although listed on the census as CU, there is no further information. It certainly is all of CU, and in PMG's opinion, considerably better than that. They have rated it as a Gem 66 with the all-important 'Exceptional Paper Quality' brand. The note is simply gorgeous, with broad margins, ideal colors and magnetic eye appeal. Fr. 1197 is by far the most common of the 1882 Fifty Dollar Gold Certificates, with well over 100 examples known, but very few have the combination of visual allure and technical third-party grade that this note possesses." While the Gengerke census listed 138 serial numbers, only seven are shown as UNC, a precious few top grade notes. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #115 - Large Size Type Notes > Gold Certificates - ($ 25,000.00 - $ 35,000.00)
Fr. 1200 $50 1922
With the Series of 1913, the portrait changed from Silas Wright to U.S. Grant. The 1922 issue is our only example of this popular design which had 5,184,000 notes printed; of those the Gengerke census indicates 386 serial number reported, with only 35 listed as UNC, and no doubt some are not. PMG has graded three in "65", three in "66" and one in "67". This is a beautiful PCGS graded Gem New 66 PPQ. A gorgeous example of the type with spectacular color, cavernous, original embossing and impressive, equal margins.
Grade: PCGS Gem New 66 PPQ

Lot #116 - Large Size Type Notes > Gold Certificates - ($ 175,000.00 - $ 250,000.00)
Fr. 1205 $100 1882
As the denominations in the Highland Park Collection climb higher and higher, the more important it was to attempt to obtain the finest of all notes, and the large, brown seal Gold Certificate has plenty going for it. First of all, just 60,000 notes were printed, and only three examples are in private hands at this time. This note has a fantastic pedigree from the Grinnell Sale to James A. Stack to Herman Halpern and on to Dr. Dauer. A VF/XF in the Great Western Collection realized $63,250 at that time. This note is exceptional for the grade with wonderful color, paper quality and centering. Graded VF 25 by PMG.
Grade: PMG VF 25

Lot #117 - Large Size Type Notes > Gold Certificates - ($ 14,000.00 - $ 22,000.00)
Fr. 1209 $100 1882
Thomas Hart Benton, a U.S. Senator and Representative, is shown on the face of the $100 Gold Certificates. He favored gold and silver coins, but no paper currency, and made Hard Money the only method of payment for land. In 1831 he was involved in the resolution opposing the re-charter of the National Banks and won support to veto the re-charter. This note is the finest graded, of the 32 in private hands, with the Vernon-McClung Treasury signatures. A lovely, bright, fresh, original note that has broad margins and exquisite paper quality. There is no question that this note deserves the label of "finest known." There were 60,000 notes printed. Graded Ch. Abt. New 58 by PCGS.
Grade: PCGS Ch. Abt. New 58

Lot #118 - Large Size Type Notes > Gold Certificates - ($ 40,000.00 - $ 60,000.00)
Fr. 1214 $100 1882
When you are looking for the best in an 1882 Department Series $100 Gold Certificate, this is the issue you must get. Of the 1,020,000 notes printed, the Gengerke census shows 152 serial numbers reported, with 13 UNCs. That is probably more than all of the others combined, but a very small number from which to pick. PMG shows five in CU in the POP report, including one in "65', two in "66", two in "67 and four in "64. That makes few opportunities to see higher quality examples appear. This note has the finest characteristics possible. Whether it's the brilliant color, vibrant paper, spectacular centering or original embossing...it has everything. Graded Gem UNC 66 EPQ by PMG.
Grade: PMG Gem UNC 66 EPQ

Lot #119 - Large Size Type Notes > Gold Certificates - ($ 12,500.00 - $ 17,500.00)
Fr. 1215 $100 1922
This is the end of the era for large size Gold Certificates. They did not change the design, like the $50, but just kept with a winner. There were 2,444,000 notes printed. Gengerke's census shows 440 notes recorded, with 40 listed as UNC. This note has exceptional type color and excellent margins, as well as original embossing, but PCGS has graded it Gem New 65. PMG has graded three in "65" and three in "66", as well as three lesser grade UNCs. Less than 10% possible UNCs is very low.
Grade: PCGS Gem New 65

Lot #120 - Large Size Type Notes > Gold Certificates - ($ 250,000.00 - $ 500,000.00)
Fr. 1219e $1,000 1907
Alexander Hamilton, born January 11, 1755, was one of the founding fathers of the United States. He was also integral in the drafting and ratification of the Constitution and was appointed the first Secretary of the Treasury under George Washington. Hamilton ushered several laws through the early Congress, such as the federal assumption of state debt, funding of the national debt, import tariffs and the creation of a national bank. He was also the creator of the first political party in the U.S., the Federalist Party. After retiring from the Treasury in 1795, he returned to New York City to practice law, but was recalled to service during the war with France. He died July 12, 1804. The $1,000 issue of 1907 has always been elusive in the highest grades. Let's face it, who, during the first quarter of the 20th Century, could afford to use these? A few years later the Depression hit and these were redeemed and withdrawn from circulation, bringing us mostly to foreign banks as a source for notes to appear. This series printed 112,000 notes, but the Gengerke census shows a serial number record of 40, with five in government collections and museums, leaving just 35, and only those five are listed as UNC. PMG shows two as "64" and one as "63" grades. This note has excellent centering and beautiful color, but lacks the EPQ designation, yet I can see embossing even through the holder. Mark my words, these $1,000s will soon follow the $1,000 Legal Tender and the finest notes will see a price explosion. One of the finest known examples available to collectors. Graded Ch. UNC 64, great color, by PMG.
Grade: PMG Ch. UNC 64

Lot #121 - Large Size Type Notes > Gold Certificates - ($ 100,000.00 - $ 200,000.00)
Fr. 1220 $1,000 1922
This was the last issue for $,1000 Gold Certificates in the large size note era, and just 80,000 notes were printed. According to the Gengerke census there are 30 serial numbers recorded, and of those, seven are permanently impounded in museums. The best listed are a CU and four AU notes. The best PMG grade before this was a "45". This note could easily be the best of those known. This note was previously described in a CAA sale in January 1999 (Lot 1613) as, "Acquired by Dr. Cookson from the Stack's sale of the Herman Halpern Collection in March of 1993, this is a gorgeous note with excellent margins, perfect colors and only the slightest hint of a fold that removes it from the Choice New grade. Only about 30 examples of this number are known, and only two are reported to be uncirculated; one in a government collection and one that has not been seen since 1984." Ex: Dr. Cookson Collection. Graded Abt. UNC 55 by PMG.
Grade: PMG Abt. UNC 55