$500 Interest Bearing Note surpasses $350,000
An 1864 $500 Interest Bearing Note, one of only two of its design type known, sold for $352,500 in Stack’s Bowers Galleries’ November Baltimore official currency auction of the Whitman…
An 1864 $500 Interest Bearing Note, one of only two of its design type known, sold for $352,500 in Stack’s Bowers Galleries’ November Baltimore official currency auction of the Whitman Coin & Collectibles Winter Expo, Nov. 5 and 9.
The rarity is unique for the Friedberg number, Fr. 212b, and has been off the market since 1971. The PMG Very Fine 25-graded note, which also serves as the Friedberg plate note, was estimated to sell for $300,000 to $500,000.
Prices include the 17.5 percent buyer’s premium.
A newly discovered Raphael Thian, “The Currency of the Confederate States” Master Album, sold for $49,937.50 on a pre-sale estimate of $60,000 to $80,000. The album was discovered earlier this year after more than 50 years of storage and is one of only around a half dozen known.
Other top lots included:
• $5 Treasury Note, Feb. 24, 1815, Fr. TN-15a, PCGS Extremely Fine 45 Apparent, $28,200;
• 1929 Type 1 $5 The First National Bank of Hamilton, Mont., serial No. 1 uncut sheet of six notes, charter 9486, Fr.1800-1, PMG About Uncirculated 55 EPQ, $28,200;
• 1886 $5 Silver Certificate, “Silver Dollar Back,” Fr. 263, PCGS Gem New 66 PPQ, $24,675;
• 1896 $5 Silver Certificate, “Educational,” Fr. 268, PCGS Superb Gem New 67 PPQ, $24,675;
• 1929 Type 2 $10 The First National Bank of Lake Providence at Lake Providence, La., serial No. 1 uncut sheet of six notes, Fr. 1801.2, charter 6291, PMG Choice About Uncirculated 58, $23,500;
• 1891 $2 Silver Certificate, “Windom,” Fr. 245, PCGS Superb Gem New 67 PPQ, $22,912.50;
• 1899 $5 Silver Certificate, Fr. 271, PGCS Superb Gem New 68 PPQ, $21,150.
For additional information, visit www.stacksbowers.com.
This article was originally printed in Bank Note Reporter.
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