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Rare National Bank Notes among Knight lots at CPMX 2016

A major highlight of any Chicago Paper Money Expo is the auction and this year’s CPMX features another top-notch sale by Lyn Knight Currency Auctions. As in prior years, Knight has a lineup of rare and interesting notes set to cross the auction block, March 17-18 at the Crowne Plaza Chicago O’Hare in Rosemont, Ill.

Lot 1083, a pair of $1 1899 large size silver certificates from the same block with serial numbers #99999999 and #10000000, Fr. 233

Lot 1083: a pair of $1 1899 large size silver certificates from the same block with serial numbers #99999999 and #10000000, Fr. 233

The leading entry for U.S. bank notes is lot 1083, a pair of $1 1899 large size Silver Certificates from the same block with serial numbers #99999999 and #10000000, Fr. 233. Both notes are graded by PCGS as About-New 58 Premium Paper Quality (PPQ).

The lot info notes many such pairs were broken up over time, making this set one of a few known in private hands. Estimate on the lot is between $35,000 to $50,000.

Lot 1917 Legal Tender Note with a #100000000 serial number Fr. 37, graded PCGS About-New 58

Lot 1040: a 1917 Legal Tender Note with a #100000000 serial number Fr. 37, graded PCGS About-New 58

Another top note appearing in the auction is a 1917 Legal Tender Note with a #100000000 serial number Fr. 37, graded PCGS About-New 58, lot 1040. The description notes that “only four $1 1917 Legal Tenders with the nine digit serial #100,000,000 have either crossed the auction block or have been featured on dealer fixed price lists.” The note has a $35,000 to $45,000 estimate.

The auction also includes 362 National Bank Notes, highlighted by a $5 1902 Red Seal, Fr. 587, from The First National Bank of Steamboat Springs, Col., W6454.

 $5 1902 Red Seal, Fr. 587, from The First National Bank of Steamboat Springs, Col., W6454

Lot 1197: $5 1902 Red Seal, Fr. 587, from The First National Bank of Steamboat Springs, Col., W6454

Displaying excellent pen signatures, “along with great color and paper quality,” the note is described by Knight as likely to bring smiles to many collectors. “The town and bank are a very exciting find to collectors of Colorado notes, cool notes and Red Seals.”

Also highlighting is a collection of Iowa National Bank Notes, including many rare and sought-after locations, such as a beautifully pen-signed No. 1 1902 Date Back Blue Seal $10 from The First National Bank of Laurens, Iowa, M4795.

No. 1 1902 Date Back Blue Seal $10 from The First National Bank of Laurens, Iowa, M4795

Lot 1267: No. 1 1902 Date Back Blue Seal $10 from The First National Bank of Laurens, Iowa, M4795

“We have sold the only notes ever offered and that was two Blue Seals and one small size,” Knight said. “This amazing peach is one of only seven large notes reported.”

There is also a special collection of Riverside, Los Angeles and San Bernardino County, Calif. National Bank Notes, many of which have been little available in the past 15 years.

Lot 991: a T-41 confederate $100 note Nov. 24, 1862 series graded PCGS Unc-67 PPQ, estimate $1,750 to $3,250.

Lot 991: a T-41 confederate $100 note Nov. 24, 1862 series graded PCGS Unc-67 PPQ, estimate $1,750 to $3,250

And the sale features a wide variety of large-size type, including many high end circulated notes, colonials, confederate, fractionals, obsoletes, star notes and world offerings. Fancy serial numbers are also crossing the block, “featuring important pieces not seen since the Mel Wilmore collection was dispersed.”

Top lot for the world notes auction? Lot 121, a specimen Cyprus one pound note, cancelled, featuring King George V's bust on it, graded AU-50. Estimate? $10,000 to $13,500

Top lot for the world notes auction? Lot 121, a specimen Cyprus one pound note, cancelled, featuring King George V’s bust on it, graded AU-50. Estimate? $10,000 to $13,500

World notes, topped by selections from Spain, the British Commonwealth and Vietnam, will be sold starting at 5 p.m. on Thursday, March 17. The U.S. sale starts at 6 p.m. on Friday, March 18. There is no Saturday night session this year, and lot viewing is on Thursday from 10 a.m. to 4 p.m. and Friday from 10 a.m. to 5 p.m. only. For more information on CPMX 2016, visit http://www.cpmxshow.com.

To view the world notes auction catalog, visit: http://www.lynknight.com/Browse_Auctions.Asp?CSID=442. For the U.S. notes auction catalog, go here: http://www.lynknight.com/Browse_Auctions.Asp?CSID=443.

Knight Live Sales are slated for Monday-Wednesday, March 21-23, with the times to be announced.

For additional information, visit www.lynknight.com; email support@LynKnight.com; telephone (913) 338-3779; or write to P.O Box 7364, Overland Park, KS 66207.

This article was originally printed in Bank Note Reporter.
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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.
• 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.

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