U.S. Currency Auction

28 MB·English

by  Heritage Auctions

U.S. CURRENCY AUCTION
JANUARY 5-7, 2022 | FUN | ORLANDO
Front Cover Lots: 20241, 20335, 21235, 20122, 20575, 21469
Inside Front Cover Lots: 20244, 20337, 20428, 20645, 21325, 20149
Inside Back Cover Lots: 20454, 20256, 20210, 21338, 21246, 20033
Back Cover Lots: 20260, 20463, 20396, 20637, 21392, 20304
Signature® Auction #3586
U.S. CURRENCY
The BREA Collection | The Coral Gables Collection | The Mitchell Collection
The Richard Merlau Collection of Error Fractional Currency | The Vault & Co. Collection
January 5–7, 2022 | FUN | Orlando
Orange County Convention Center
North Concourse | Room 230A | 9899 International Drive | Orlando, FL 32819
FLOOR Sessions 1-5
(Floor, Telephone, HERITAGELive!®, Internet, Fax, and Mail)
Session 1
Session 4 – PLATINUM NIGHT® (see separate catalog)
Wednesday, January 5 • 6:00 PM ET • Lots 20001–20206 Friday, January 7 • 6:00 PM ET • Lots 21001–21198
Session 2
Session 5
Thursday, January 6 • 6:00 PM ET • Lots 20207-20490 Friday, January 7 • 9:00 PM ET • Lots 21199–21484
Session 3
Friday, January 7 • 1:00 PM ET • Lots 20491-20704
PRELIMINARY LOT VIEWING BIDDING METHODS
By appointment only. Contact Jose Berumen at [email protected] ®1 BIDDING
or 214-409-1299 to schedule an appointment.
Bid live on your computer or mobile, anywhere in the world,
Heritage Auctions | 2801 W. Airport Freeway | Dallas, TX 75261-4127 during the Auction using our HERITAGELive!® program at HA.com/Live
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LIVE FLOOR BIDDING
Monday, December 20 – Wednesday, December 22 | 9:00 AM – 5:00 PM CT
Bid in person during the floor sessions.
Thursday, December 23 | 9:00 AM – 3:00 PM CT
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LOT VIEWING
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INTERNET ABSENTEE BIDDING
Monday, January 3 | 10:00 AM – 7:00 PM ET Proxy bidding ends 10 minutes prior to the session start time.
Tuesday, January 4 – Thursday, January 6 | 8:00 AM – 7:00 PM ET Live Proxy bidding starts seven days before the live session begins and
Friday, January 7 | 8:00 AM – 6:00 PM ET continues through the session. HA.com/3586
View lots & auction results online at HA.com/3586
FAX BIDDING
LOT SETTLEMENT AND PICK-UP Fax bids must be received 24 hours before your session begins.
Fax: [phone]
Thursday, January 6 | 10:00 AM - 1:00 PM ET
Friday, January 7 | 10:00 AM - 1:00 PM ET
Lots are sold at an approximate rate of 75 lots per hour, but it
Saturday, January 8 | 9:00 AM - 12:00 PM ET
is not uncommon to sell 40 lots or 100 lots in any given hour.
Heritage offers extended payment plan options up to six months to qualified,
Buyer's Premium Per Lot:
pre-approved clients on select items. Please email [email protected] or call
This auction is subject to a Buyer’s Premium of 20% (minimum $29) per lot.
Client Services for more information. We also accept Bitcoin and Ethereum on
invoices over $5,000 subject to approval. Please email [email protected] or call
Direct Client Service Line: 214-409-1150
Client Services for details.
Email: [email protected]
Fax: [phone]
Mail: Heritage Auctions | PO Box 619999 | Dallas, TX 75261-6199
FL Auctioneer Licenses: Heritage Numismatic Auctions, Inc. AB665, Currency Auctions of America AB2218;
Christopher Dykstra AU4069; Fiona Elias AU4469; Samuel Foose AU3244; Jennifer Jayne Marsh AU4561;
Attendees must comply with local regulations for in-person events. Mike Sadler AU3795; Rebecca Van Norman AU5073; Tracy Sherman AU5203; Andrea Voss AU4034.
This Auction is cataloged and presented by Currency Auctions of America, Inc.
[FL AB2218], doing business as Heritage Auctions.
© 2021 Currency Auctions of America, Inc. All rights reserved.
HERITAGE is a registered trademark and service mark of Heritage Capital
Corporation, registered in U.S. Patent and Trademark Office.
1Patent No. 9,064,282 60689
Currency Specialists
Dustin Johnston Michael Moczalla Keith Esskuchen
Vice President and Director of U.S. Consignment Director
Managing Director Currency Auctions
Craig Eustace Allen Mincho Len Glazer Susan Bremer Raiden Honaker
Consignment Director Director Emeritus Director Emeritus Consignment Director Consignment Director
Please see our Specialists Directory in the back of this catalog for contact information.
Consignment Directors: Dustin Johnston, Michael Moczalla, Keith Esskuchen, Craig Eustace, Allen Mincho, Len Glazer, Susan Bremer, Raiden Honaker
Cataloged by: Frank Clark, Dustin Johnston, Michael Moczalla, Rober Moon, Wendell Wolka, Susan Bremer, Raiden Honaker
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Order of Auction
Start End Massachusetts ............................... 20296 20303
Session One Michigan ........................................ 20304 20315
Minnesota ...................................... 20316 20321
Continental Currency ..................... 20001 20022
Missouri ......................................... 20322 20327
Colonial Notes ................................ 20023 20058
Montana ......................................... 20328 20330
Nebraska ....................................... 20331 20332
Obsoletes By State ........................
Nevada ........................................... 20333 20334
Alabama ......................................... 20059
New Hampshire ............................. 20335
Arkansas ........................................ 20060 20062
New Jersey .................................... 20336 20340
District of Columbia ........................ 20063
New Mexico ................................... 20341 20345
Georgia .......................................... 20064 20066
New York ....................................... 20346 20371
Illinois ............................................. 20067 20077
Ohio ............................................... 20372 20390
Kansas ........................................... 20078 20081
Oklahoma ...................................... 20391 20393
Louisiana ........................................ 20082
Oregon ........................................... 20394
Massachusetts ............................... 20083
Pennsylvania .................................. 20395 20426
Minnesota ...................................... 20084 20085
Rhode Island .................................. 20427 20429
Missouri ......................................... 20086 20087
South Carolina ............................... 20430 20451
Nevada ........................................... 20088 20091
South Dakota ................................. 20452 20454
New Jersey .................................... 20092 20095
Tennessee ...................................... 20455
New York ....................................... 20096 20100
Texas .............................................. 20456 20477
North Carolina ................................ 20101 20103
Utah ............................................... 20478 20479
Ohio ............................................... 20104 20109
Vermont ......................................... 20480 20483
Pennsylvania .................................. 20110 20111
Virginia ........................................... 20484 20485
Rhode Island .................................. 20112
Washington .................................... 20486 20488
South Carolina ............................... 20113 20114
West Virginia .................................. 20489
Tennessee ...................................... 20115 20118
Wisconsin ...................................... 20490
Texas .............................................. 20119 20124
Utah ............................................... 20125 20126
Session Three
Virginia ........................................... 20127 20128
Small Size Type Notes ....................
Washington .................................... 20129
Legal Tender Notes ........................ 20491 20500
Wisconsin ...................................... 20130 20134
Silver Certificates ........................... 20501 20517
Federal Reserve Bank Notes .......... 20518 20522
Confederate Notes ......................... 20135 20147
Federal Reserve Notes ................... 20523 20644
Fractional Currency ........................ 20148 20192
WWII Emergency Notes ................. 20645 20646
Fractional Shield ............................. 20193
Gold Certificates ............................ 20647 20660
Miscellaneous ................................ 20194 20199
Military Payment Certificates .......... 20200 20206
Error Notes ..................................... 20661 20704
Session Two
Session Four
National Bank Notes
Arizona ........................................... 20207 20210 Platinum Night - See Separate Catalog . 21001 21198
Arkansas ........................................ 20211
Session Five
California ........................................ 20212 20219
Large Size Type Notes ...................
Colorado ........................................ 20220 20226
Demand Note ................................. 21199
Connecticut ................................... 20227 20233
Legal Tender Notes ........................ 21200 21302
Delaware ........................................ 20234
Compund Interest Treasury Note ... 21303
District of Columbia ........................ 20235 20237
Refunding Certificate ...................... 21304
Florida ............................................ 20238 20260
Silver Certificates ........................... 21305 21394
Hawaii ............................................ 20261 20262
Treasury Notes ............................... 21395 21419
Idaho .............................................. 20263
Federal Reserve Bank Notes .......... 21420 21432
Illinois ............................................. 20264 20271
Federal Reserve Notes ................... 21433 21456
Indiana ........................................... 20272 20278
Gold Certificates ............................ 21457 21484
Iowa ............................................... 20279 20280
Kansas ........................................... 20281 20282

Kentucky ........................................ 20283 20290
To View Full Descriptions, Visit HA.com/3586
Maine ............................................. 20291
Maryland ........................................ 20292 20295
The Vault & Co. Collection was carefully
assembled by a prominent quality-conscience
New Jersey collector and consigned by The
Vault & Co., a father and son duo buying and
selling rare coins and currency in Florida. The
father is also known by the moniker “Coin
Guy” – frequently posting popular videos on
www.youtube.com. The notes in this old-time
group were acquired many years ago from
well-known dealers and auctions of the time,
featuring an impressive run of attractive solid
serial number Silver Certificates and Federal
Reserve Notes. Notable examples include a
pair of A. W. Mellon Courtesy Autographed
solid serial numbers, Fr. 891a $5 1914 and
Fr. 991a $20 1914, both PMG 64 EPQ. Off
the market for several decades, this collection
is freshly certified and undoubtedly will
command appreciation and bidding among
top collectors.
SESSION ONE
CONTINENTAL CURRENCY
20001 Continental Currency May 10, 1775 $2 PMG Choice 20003 Continental Currency November 29, 1775 $7 PMG Choice
Uncirculated 63. Uncirculated 63.
The sole finest graded example of this $2 Continental at the 63 level by A bold and original November 29, 1775 which has excellent margins,
PMG with just a single 63 EPQ note finer. This is particularly surpris- great printing, and bold signatures. Emblem of a severe storm at sea with
ing when one considers that the recent high prices have drawn a very motto SERENABIT, which Newman translates “It will be calm.” PMG
high percentage of the existing top quality Continentals into the grading notes Stains, Annotation. Both of these issues are relatively minor and
services. This is a boldly printed, well signed piece that is only held back only visible from the back. For many years, eye appeal is what sells good
from an even higher grade by its tight margins. That lone PMG 63 EPQ Colonial and Continental notes. In today’s rapidly advancing market this
note brought $2,520 in our last Central States auction. note should prove to be no exception.
Starting Bid: $1,000 Starting Bid: $500
20002 Continental Currency May 10, 1775 $20 PCGS Apparent Very
Fine 25.
This is a very collectible example of one of America’s most historic paper 20004 Continental Currency February 17, 1776 $1/6 PMG Choice
currency notes. Uniquely printed from the May 10, 1775 Session, the
Uncirculated 64 EPQ.
$20 uses marbled polychromatic paper, which is visible at the left end.
A very nice example of this always-popular Fractional Continental type.
The marbled paper obtained by Benjamin Franklin for this purpose was
Because of its connection with the Fugio Cent and the design elements
later used on the first United States Federal Loan Certificate (Anderson-
that were suggested by Benjamin Franklin, this design type, although
Smythe US-1). The face and back emblems and mottos were sketched by
not rare, has remained one of the most treasured and highly collectible
Franklin. These emblems also appeared on the backs of $30 Continental
Continental issues. The 13 linked rings and the “WE ARE ONE” that
notes. This PCGS certified example from the Eric Newman Collection
appear on the back of the note, were also used on the Continental Dollar
has excellent color along with repaired edge and internal splits, minor
Coins. PMG has graded only three notes a single point finer than this
stains, and edge damage.
well preserved example. Last April, we sold a PMG Choice 63 (no EPQ)
Starting Bid: $1,125
example for $2,640. Expect a stronger realization for this near-gem
Continental.
Starting Bid: $1,500
Session One, Auction #3586 | Wednesday, January 5, 2022 | 6:00 PM ET 5
20005 Continental Currency February 17, 1776 $1/6 PMG About 20007 Continental Currency February 17, 1776 $1/2 PMG Choice
Uncirculated 50 Net. About Unc 58 EPQ.
A lightly handled example of this popular fractional Continental that has Paper originality is observed on this boldly printed plate letter B note that
boldly printed details, but the signature and serial number have faded also sports a very dark red ink signature of N(atha)n Sellers. Our con-
away and there are some rust stains. signor acquired this charming example with just a trace of handling at a
Starting Bid: $500 Catherine Bullowa auction in 2001. We auctioned another PMG 58 EPQ
example from the Newman Collection in April 2021. That piece realized
$3,480.
Starting Bid: $1,000
20006 Continental Currency February 17, 1776 $1/3 PMG About
Uncirculated 50.
These fractional denomination Continentals are found only in this, one
of eleven different issues. Because of its connection with the Fugio Cent 20008 Continental Currency February 17, 1776 $1/2 PMG About
and the design elements that were suggested by Benjamin Franklin, Uncirculated 50.
this design type, although not rare, has remained one of the most trea- A very nearly Uncirculated example of this extremely popular Fractional
sured and highly collectible Continental issues. A sundial is seen on the denomination Continental. Fractional Continentals were used only in
face with the motto “Mind Your Business.” The back shows thirteen this one issue, and they are extremely popular with collectors, due in the
interlocking chain links with the names of each of the original colonies most part to the use of Ben Franklin’s Sundial rebus on the face and the
shown, signifying that they were united in their opposition to the British. thirteen linked colonies surrounding “We Are One” on the back.
Bold red serial number and signature of Taylor are noticed. PMG notes Starting Bid: $500
Restoration, which is very difficult to see but appears to be in the upper
left corner.
Starting Bid: $625
6 Visit HA.com/3586 to read full descriptions, view enlargeable images, and bid online.
20009 Continental Currency February 17, 1776 $2/3 PMG About 20011 Continental Currency May 9, 1776 $4 PMG Choice About Unc
Uncirculated 55. 58 EPQ.
An extremely popular fractional Continental type whose design details A sharp-looking $4 Boar emblem type that has the printing clarity and
remain quite bold as are the red ink signature and serial number. Some boldly inked signatures that might be seen on a Choice example. It is a
light stains have been noted by PMG. very eye-appealing note for its assigned grade.
Starting Bid: $500 Starting Bid: $625
20010 Continental Currency February 17, 1776 $3 PMG Choice 20012 Continental Currency May 9, 1776 $7 PMG Choice
Uncirculated 63. Uncirculated 63.
A handsome note with Benjamin Franklin’s emblem of the eagle and Boldly numbered and signed by Morris and Lewis. Vignette of a severe
heron fighting; the motto is EXITUS IN DUBIO EST, which Newman storm at sea with motto SERENABIT, which Newman translates “It
translates “The outcome is in doubt.” The nature print back, also cre- will be calm.” The back nature print shows a buttercup. Attractive
ated with Franklin patents, shows the skeletonized elm and maple fruit in Uncirculated Continentals have been realizing increasingly stronger
excellent detail. Well margined and nicely centered, with signatures that prices with every passing auction.
are sharp and strong. PMG notes Previously Mounted, which appears Starting Bid: $625
to be barely discernible through the holder. High-grade Continental
Currency interest increases every year and recent prices have proven that
ongoing trend. The PMG Choice Unc 64 EPQ that we sold in last year’s
FUN sale topped the $4,500 mark. The superb visual impact wielded by
this example should land its prices solidly in four-figure territory.
Starting Bid: $625
20013 Continental Currency May 9, 1776 $8 PMG Uncirculated 62.
A boldly printed note that is fully signed and features a back “nature”
print as sharp as any seen on Continental Currency. Some slight toning of
the paper is found on this otherwise fully Uncirculated example.
Starting Bid: $500
Session One, Auction #3586 | Wednesday, January 5, 2022 | 6:00 PM ET 7
20014 Continental Currency November 2, 1776 $6 PMG Choice 20016 Continental Currency April 11, 1778 $20 PMG Choice About
Uncirculated 63. Unc 58.
This fifth resolution featured the same $2 to $30 denominations as that of A very rare note in any grade, and exceedingly so in high grade, this
May 9, 1776. Additional fractional denominations were also authorized, offering is one of the finer pieces that we have handled over the years. It is
but not issued due to the remaining supply of “Fugio” bills. Notes from well signed, with good print quality. Its margins are a bit tight, but none
the issue are difficult to find in superior grades. This is a well preserved really intrude upon the design elements. A nice example of this tough
example with boldly printed details although the red signature and serial Continental.
number are a bit faded. Starting Bid: $1,250
Starting Bid: $625
20017 Continental Currency April 11, 1778 $40 PMG Uncirculated
20015 Continental Currency April 11, 1778 $5 PMG Choice 62.
Extremely Fine 45. This $40 Yorktown series note is the first of that denomination used in
A very good looking - and importantly, genuine - Yorktown example. the entire Continental Currency series, and it is the highest from the
This Yorktown issue is the only truly rare issue of the eleven different April 11, 1778 resolution. The larger denomination was necessary because
emissions of Continental Currency. The British printed many thou- of inflation. The note’s emblem with the “CONFEDERATION” motto
sands of counterfeits of this issue, which brought about a recall of all the and the All Seeing Eye of Providence shining on 13 stars was developed
Yorktowns, including the genuine notes. Counterfeits were rejected at the by Declaration signer Francis Hopkinson. Uncirculated $40 notes are just
recall, and consequently are far more common than genuine examples. rare, making this example all the more desirable even with minor evi-
This piece is sharply printed, with a strong vignette and a well centered dence of a previous mounting. This is a well printed example with clear
back design. signatures and serial number.
Starting Bid: $500 Starting Bid: $1,000
8 Visit HA.com/3586 to read full descriptions, view enlargeable images, and bid online.