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Federal Reserve Note Errors Highlight Knight CPMX Auction

IOLA, Wis. (Feb. 21, 2011) —
The Gregg Anderson Collection of more than 400 Federal Reserve Note errors will be featured in Lyn Knight Currency Auctions Chicago Paper Money Expo 2011 sale slated for March 10-12 at the Crowne Plaza Chicago O’Hare, Rosemont, Ill.

[description] Being part of CPMX has been a tradition at Lyn Knight Currency Auctions since the event’s inception and this year is no exception. The 2011 Lyn Knight Currency Auction will begin with Session 1 on Thursday, March 10, at 6 p.m. and highlights world bank notes and U.S. Military Payment Certificates in more than 900 lots.

The CPMX 2011 world paper money session offers many top lots. Two particularly strong selections, the Coban collections from Guatemala and Costa Rica, headline pieces from Latin America. The firm’s tradition of offering Costa Rica notes in Chicago continues with many types and varieties not contained in last year’s auction. Also in Latin America, Mexico, Nicaragua, and Uruguay are represented.

African items are featured with the continuation of the Weldon Burson Collection contained under West African States and Mali and highlighted by Mali’s unusual 5,000 francs error note. Rarities from Abyssinia (listed under Ethiopia) are worthy of consideration, and British Honduras and Mauritius include key appealing notes from the British Commonwealth.

A Bahamas $100 serial No. 1, consecutive pieces from British Caribbean Territories, experimental 10 dollars from the Cayman Islands, and choice high denominations from Ireland are among the top selections.

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

China is well represented with a strong array of pieces from an old-time group that has not seen the market for decades. Collectors will have the chance to fill collection holes with notes from larger banks or elusive rarities from more obscure issuers.

Also offered are several tough types from India and Siam, listed under Thailand. Specimen notes are included in a wide variety of areas including Ceylon, by an Italian Somaliland 100 somali with lion’s head; Lebanon; Portuguese India; and Rhodesia.

[description]Session 2, Friday, March 11, at 6 p.m., will begin with the Gregg Anderson Collection of Federal Reserve Note errors, including all four small-size double-denominations. Immediately following the error note collection will be a collection of low serial numbers, Fr. 1500 $1 Legal Tenders and a wide variety of notes including 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.

Session 3, Saturday, March 12 is scheduled to start one hour earlier, at 5 p.m. This session will begin with large-size type notes and conclude with National Bank Notes. There are 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 the beginning.

The National Bank Notes feature interesting subsets of California National Bank Notes and a collection of Oregon, 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 notes. Wyoming will end the session with a large variety of material that has been gone for years.

The following Monday, 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, 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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