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Obsolete bank notes highlight Stack’s Bowers sale

Part II of the Peter Mayer Collection of Obsolete Bank Notes will highlight Stack’s Bowers’ Winter 2014 Whitman Coin & Collectibles Baltimore Expo sale as part of more than 1,200 lots of paper money being offered.

The auction, which is to be held at the Baltimore Convention Center One W. Pratt St., Baltimore, runs from Oct. 29- Oct. 31, with world and U.S. notes being auctioned on Oct. 30. The expo’s open to the public from Oct. 30-Nov. 2.

Obsoletes, including this rare Salem Bank $10 proof, highlight Stack’s Bowers’ Baltimore sale.

Obsoletes, including this rare Salem Bank $10 proof, highlight Stack’s Bowers’ Baltimore sale.

Featured among Mayer’s rare obsoletes is a $10 proof on the Salem Bank of Salem, Mass., with the rare “Charge of the Zouaves” vignette. It’s further described as being unique and the Haxby plate note for MA-1130 G156a.

Part I of the collection was sold by Stack’s Bowers in the firm’s 2014 ANA World’s Fair of Money auction this past August.

Additional highlights of the current sale include the finest known 1882 $20 Gold Certificate “triple signature,” graded PCGS 64PPQ. Just 27 examples of this rare Friedberg number are known in all grades. It was last offered in 1990 in a Stack’s auction, where it brought $20,900 and is currently estimated at $200,000 to $300,000.

The finest known “triple signature” 1882 $20 Gold Certificate is estimated at $200,000 to $300,000.

The finest known “triple signature” 1882 $20 Gold Certificate is estimated at $200,000 to $300,000.

An 1891 $1,000 Silver Certificate proof impression for the famed “Marcy” design type will also be a highlight of the sale.

“This offering comes off the heels of an offering we presented in August of another proof impression that realized an impressive $111,625,” said Peter A. Treglia, director of currency for Stack’s Bowers Galleries. “The example to be offered is just as enticing and should create excitement as it is virtually the only way a collector can illustrate the type with only one issued example known in private hands. That issue, of course, is the note we sold privately only a few short months ago for $2.6 million.”

Other highlights from the sale include:

• Buffalo, New York, Manufacturers and Traders Bank, ND (18xx), $3, Choice Uncirculated, Proof.

• New York, N.Y. Importers and Traders Bank, ND (18xx), $2, Choice Uncirculated, Proof.

• Richmond, Va. Virginia Treasury Note, Act of June 8, 1861, $50, PMG About Uncirculated 55.

• 1869 $50 Legal Tender Note, Fr. 151,  PMG Very Fine 20.

• 1891 $100 Silver Certificate, Fr. 344, PCGS Extremely Fine 40 Apparent.

• 1918 $1,000 Federal Reserve Note, Philadelphia, Fr. 1133-C, PMG Very Fine 25.

• 1882 $20 Gold Certificate, Fr. 1175a, PCGS Very Choice New 64 PPQ.

• 1905 $20 Gold Certificate, Fr. 1180, PCGS Very Choice New 64PPQ.

• 1934B $10 Silver Certificate star note. Fr. 1703*, PCGS About New 53PPQ.

• 1882 Brown Back $5, The First National Bank of Earlville, Ill., Fr. 467, Charter 3323, PMG Gem Uncirculated 66EPQ Star, Serial No. 1.

The sale will be available for viewing and bidding at StacksBowers.com. For more information or to request a catalog, call (800) 458-4646 (West coast) or (800) 566-2580 (East coast).

This article was originally printed in Bank Note Reporter.
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