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Knight auction hits $2.9 mil

Knight0603bback.jpgA serial No. 1 National Bank Note from Oklahoma Territory sold for $86,250 in a March 10-11 sale by Lyn Knight Currency Auctions.

The full sale, held in conjunction with the Chicago Paper Money Expo, realized $2.9 million.

All prices reported here include 15-percent buyer fees. Notations of condition are from the sale catalog.

The Oklahoma Territory 1902 Red Seal $10, from The State National Bank of Blackwell, bank charter 7583, is only the second note known from the bank, Lyn Knight wrote in his catalog description.

?It is always a thrill to get an opportunity to handle a rarity like this, which is only the second note known on the bank,? Knight wrote. ?It is just the fifth #1 Red Seal Oklahoma Territory to be discovered.? Knight graded it extremely fine-about uncirculated.

Knight0603bface.jpgAnother Oklahoma National, this one a $20 Red Seal issued after the area attained statehood, sold for $47,150. Knight said only eight 1902 Red Seals are known from Oklahoma?s statehood period. The note came from the Eastman National Bank of Newkirk, charter 9011, and was graded fine-very fine.

A third note from the area, this one again from Oklahoma?s territorial days, brought $37,950. The note was an 1882 $20 Brown Back graded fine from the First National Bank of Watonga, charter 5804. It handily beat Knight?s presale estimate of $15,000-$30,000.

Among large-size type notes, an 1869 $100 ?Rainbow? Legal Tender Note, reference numbers Krause-Lemke 787 and Friedberg 168, brought $74,750.
An 1882 $50 Gold Certificate graded mid-range VF by Knight went for $44,850. The note, Fr. 1189a, was from a Midwest collection put together in the 1940s and 1950s, Knight said.

$39,100 was paid for a $50 Legal Tender Note of 1880, KL-681, Fr. 161, graded superb gem crisp uncirculated. This note had realized $17,250 at auction in 2002.

Small-size note realizations were led by an original $100 pack of 100 error Series 1957B $1 Silver Certificates, every note in the pack having mismatched serial numbers. The lot reached $38,333. All the notes were in gem CU condition.

Fancy serial number G99999999A on a large-size 1914 $5 Federal Reserve Note, KL-299, Fr. 871a, boosted its realization to $32,200. Typical type examples of such a note in gem CU without a fancy serial number trade for under $1,000.

An 1880 $100 Legal Tender Note, KL-793, Fr. 174, graded extremely fine, hit $29,325.

A $50 1882 Date Back National Bank Note from the First National Bank of Parkers Landing, Pa., was graded superb gem CU and sold for $28,750.
Finally, an ?Educational Series? 1896 $5 Silver Certificate, one of the most popular large-size type notes, went for $26,450. It was notable for its high grade ? Superb Gem CU-67, graded by Paper Money Guaranty.

Knight said he will be accepting consignments for his June sale until about April 8. That sale will be held in Memphis June 15-17 in conjunction with the International Paper Money Show.

For more information, contact Lyn Knight Currency Auctions,  P.O. Box 7364, Overland Park, KS 66207; telephone (800) 243-5211 or (913) 338-3779; fax (913) 338-4754; e-mail address support@lynknight.com. Web site is www.lynknight.com.

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