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Federal Reserve notes dominate Signature Currency auction

The long awaited Central States auction has come to an end this year. At its end, they reached nearly $34 million dollars in sales. Among all four sections of the auction (U.S. Coins, World Coins, U.S. Currency, and World Currency), they raised $33.7 million dollars in total. The signature auction of U.S. Coins made up a majority of the sales resulting in nearly $19.5 million, whereas the Signature Currency auction raised nearly $4.3 million overall.

As stated in the previous issue of Bank Note Reporter, one of the features of the auction was a $5,000 1934 Federal Reserve note graded About Uncirculated 55 by PMG. Its proxy bid as I was writing the article was $80,000 and was estimated to sell for about $120-150,000. With the results now in, the final sales price of the note was $144,000, selling well within its estimated amount.

Shown is the Fr. 2221-E $5,000 1934 Federal Reserve Note graded About Uncirculated 55 by PMG.

The note that took top sale was a Series 1928 $5,000 Federal Reserve note graded Choice Very Fine 35 by PCGS. The note realized $156,000, $12,000 more than the first. In third place was the $10,000 1934 Federal Reserve note. As mentioned in the previous issue, this was estimated to sell between $100-120,000. With a final sale of $114,00 it well met its mark.

At the end of the day, the Federal Reserve notes brought home the top sales of the Signature Currency auction. Full prices realized can be found at www.ha.com.

 

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

 


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