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Binion $10,000 highlight of FUN auction

A choice uncirculated $10,000 1934 Green Seal note that once greeted gamblers in the entryway to Binion’s Horseshoe Casino in Las Vegas is estimated to sell for $125,000 at Heritage Auctions’ Florida United Numismatists Currency Signature Auction’s Platinum Night, Jan. 6-12 in Tampa, Fla. The note, graded PMG Choice Uncirculated 64 and estimated to bring $125,000, is the fifth and highest-graded bill from the casino’s famed $1 million display to cross the block at Heritage this year. It will be offered along with more than 5,590 lots in a six-day auction spanning obsoletes, Silver Certificates, Fractional Currency, and National Bank Notes.

This $10,000 note from Binion hoard is a star entry in Heritage’s Currency Signature Auction at FUN.

This $10,000 note from Binion hoard is a star entry in Heritage’s Currency Signature Auction at FUN.

“It’s fitting that one of the largest FUN Currency Auctions Heritage has ever held features one of the highest-graded $10,000 notes we’ve ever offered,” said Dustin Johnston, Director of Currency Auctions at Heritage. “This auction is ideal for both the specialist and those seeking unique finds from nearly every state in the nation.”

The rarities on offer include a Series 1928 $100 Gold Certificate. Presented in Gem Uncirculated 66 EPQ, and estimated at $100,000, no finer examples of the $100 denomination are said to have been graded by either PMG or PCGS to date, with just two notes each awarded the 66 level by the two grading services combined.

A 1928 $100 Gold Certificate graded by PCGS as Gem Uncirculated 66 EPQ is estimated at $100,000.

A 1928 $100 Gold Certificate graded by PCGS as Gem Uncirculated 66 EPQ is estimated at $100,000.

A collection of Serial No. 1 notes features a 1918 Serial No. 1 “Battleship” $2 note, PMG Choice Uncirculated 64, which was once part of the Albert Grinnell collection auctioned in June 1946. It is described as one of only four serial No. 1 Battleship $2s known to date and is estimated at $50,000+.

This 1918 serial No. 1 Battleship $2 Federal Reserve Bank Note is one of only four No. 1 $2s known to date.

This 1918 serial No. 1 Battleship $2 Federal Reserve Bank Note is one of only four No. 1 $2s known to date.

A newly discovered Serial No. 1 San Diego Brown Back is estimated at $40,000+. One of only three serial No. 1 Brown Backs extant from the city and the second reported from The First National Bank of San Diego, this specimen is said to mark the first time in 16 years that a serial No. 1 Brown Back has been offered at auction.

A newly discovered No. 1 The First National Bank of San Diego, Calif., Brown Back $5.

A newly discovered No. 1 The First National Bank of San Diego, Calif., Brown Back $5.

Additional serial number rarities include a $2 1976 Federal Reserve Note, serial No. L00000001A, which is the first $2 note for the San Francisco district. The Serial No. 1 star note from San Francisco is also being offered in this auction.

Regional rarities, such as one of only about three dozen serial No. 1 “Lazy Twos,” a $2 Original Series note from Kankakee, Ill., is expected to bring $20,000; and a T2 $500 Montgomery Confederate note has a pre-sale estimate of $30,000. Only 607 notes were printed, and approximately 120 exist today.

This Montgomery T2 $500 Confederate note is thought be worth $30,000+.

This Montgomery T2 $500 Confederate note is thought be worth $30,000+.

A $10 1902 Plain Back Tombstone, Ariz., National Bank Note, said to be only the third ever offered from this legendary Old West community, is thought to be worth  $20,000. Estimated at a like amount is  a $5 1875 note from Hamburg, Iowa, a newly discovered Iowa Original Series and a unique find for the bank. This bank issued Original Series $5s only between its organization in 1877 and its liquidation in 1886, leaving only a $345 outstanding by 1910.

From Arizona is this $10 The First National Bank of Tombstone 1902 Plain Back.

From Arizona is this $10 The First National Bank of Tombstone 1902 Plain Back.

For additional information on the sale, visit www.HA.com.

This article was originally printed in Bank Note Reporter.
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More Collecting Resources
• Come on down to the Chicago International Coin Fair in Rosemont, Ill. on April 14 to 17, 2016 to see impressive world coins, meet new collectors and participate in Heritage Auction’s fantastic coin auction.
• The Standard Catalog of United States Paper Money is the only annual guide that provides complete coverage of U.S. currency with today’s market prices.

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