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Interest-bearing $100 leads

InterestBearing$100

Top-priced lot of AIA’s December sale came from its U.S. section with this unused U.S. Treasury interest-bearing $100 bill of 183-. It could have been used for P-18, P-22, or P-26. Graded PMG Choice Uncirculated 63 NET, it had no problem in racing to $28,800 including buyer’s premium.

As reported in a previous issue, Archives International Auctions’ Dec. 6 sale included a choice U.S. rarity: a blank form for a U.S. Treasury interest-bearing $100 bill dated 183-. It was the last available of a sheet of three discovered in a bank clean out and came in a most collectible PMG Choice Uncirculated 63 NET. When the dust settled it had topped its upper estimate to realize $28,800 including commission.

The world section of the sale on Dec. 7 included a small but choice collection of historic Communist issues from China. All sold for well above current catalog. A one yuan of 1934 from the Hunan-Kiangsi Branch of National Bank of the Soviet Republic of China fetched $2,880 in VF-EF on a $300-500 estimate, while a two jiao of the same bank dated 1932 went for $2,760.

Also from China, a Hong Kong & Shanghai Bank 1923 $100 specimen, P-S364s, took $3,900 in PMG About Uncirculated 53 NET. And a 1925 Ningpo Commercial Bank $1, P-546a, Shanghai issue, realized $2,400 in good VF.

From the rest of the world an Imperial Bank of Persia, 1896 tomans specimen, P-5s, graded PCGS graded Choice New 63 sold for $6,500. A slightly lower price was achieved by an Iraq 10 dinar (law of 1931) P-20a that took $6,000 in PMG EF-40.

Full auction descriptions and prices realized can be found at the auction website: www.archivesinternational.com or email info@archivesinternational.com.

Online catalogs for the firm’s Feb. 7-8 sales are also available. The sale will feature the final portion of the Alexander I. Pogrebetsky Family Archives as well as several old-time collections of coins and bank notes.

 

This article was originally printed in Bank Note Reporter. >> Subscribe today.

 

More Collecting Resources

• 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.

• Any coin collector can tell you that a close look is necessary for accurate grading. Check out this USB microscope today!

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