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Errors in auction

This article was originally printed in Numismatic News.
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Error paper money will highlight Lyn Knight Currency Auctions’ sale at the Chicago Paper Money Expo March 10-12 at the Crowne Plaza Chicago O’Hare Hotel in Rosemont, Ill.

Featured are more than 400 error Federal Reserve Notes from the Gregg Anderson Collection.

The errors will go under the hammer in the second of three auction sessions to be conducted by the firm. This second session begins at 6 p.m. March 11.

United States Paper Money Errors
United States Paper Money Errors

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The Anderson collection includes all four known small-size double-denominations. These are notes have one denomination on one side and another on the other.

Small-size notes were introduced in 1929 and are what paper collectors call the current size of U.S. paper. Large-size notes were issued 1861-1929.

Immediately following the error note collection will be a set of low serial numbers, Fr. 1500 $1 Legal Tender Notes and a wide variety of notes including fancy serial numbers like the solid 99999999 on a $10 Federal Reserve Note.

There is a denomination set of Gold Certificates as well as an AU $5,000 Federal Reserve Note. This session will continue with Continental currency, Colonial currency, obsolete bank notes, and Fractional Currency.

The first session of the sale will begin at 6 p.m. March 10. U.S. collectors will find Military Payment Certificates here but mostly the first session will be comprised of notes from around the world.

Two particularly strong selections, according to Knight, are the Coban collections from Guatemala and Costa Rica. The firm is continuing a tradition of offering Costa Rica notes in Chicago. There are many types and varieties not contained in last year’s auction. Also from in Latin America will be notes from Mexico, Nicaragua and Uruguay.

African note collectors will be especially interested in the continuation of the Weldon Burson Collection. Featured will be West African States. Mali will be highlighted by an unusual 5,000-franc error note.
Also going under the hammer will be rarities from Abyssinia (listed under Ethiopia).

British Commonwealth issues include notes from British Honduras and Mauritius.  A Bahamas $100 serial No. 1, consecutive pieces from British Caribbean Territories, an experimental $10 from the Cayman Islands and choice high denominations from Ireland are among the top Commonwealth selections.

Europe includes a Greek section of high grade notes from the 1940s. Belgian notes feature many types/varieties previously not presented, and offerings from Cyprus will cross the block.

An old-time group of Chinese notes that has not been on the market for decades will go on the block. Chinese numismatic items have been bringing strong prices in recent sales.

Also to be offered are several tough types from India and from Siam, which is listed under Thailand. Specimen notes are included in a wide variety of areas including Ceylon, Italian Somaliland, Lebanon, Portuguese India and Rhodesia.

Large-size U.S. paper money will be featured in the third session, which will begin at 5 p.m. March 12.

There is a variety of interesting notes that are important as type notes or condition rarities. A Fr. 1133L 1918 $1,000 Federal Reserve Note from San Francisco in PCGS Ch. New 64 and a 1905 Technicolor $20 Gold Certificate in Ch. New 63 PPQ are just two expected highlights.

National Bank Notes feature interesting subsets of California National Bank Notes and a collection of Oregon notes, both large- and small-size, as well as more than 400 Pennsylvania National Bank Notes.
This is a distinctive group including some rare Chester and Delaware County issues. Wyoming will end the session with a large variety of material that hasn’t been seen on the market for years.

On March 14, KNIGHT LIVE CPMX Session 4 will be held as a live Internet-only auction on the firm’s website www.lynknight.com beginning at 6 p.m.

For additional information about the CPMX auction, contact Lyn Knight Currency Auctions, P.O. Box 7364, Overland Park KS 66207; telephone 913-338-3779; or visit www.lynknight.com.

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