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Knight’s PCDA sale offers plenty

World notes, U.S. nationals, large-size type, small-size and a strong selection of Military Payment Certificates highlight Lyn Knight Currency Auctions’ upcoming PCDA auction in Rosemont, Ill.

The sale is being held in conjunction with the 32nd Annual Professional Currency Dealers Association National Currency and Coin Convention at the Crowne Plaza Chicago O’Hare, 5440 N. River Road, Rosemont, Ill. The show is slated for March 3-5, with the public portions of the Knight auction on March 3 at 6 p.m. (world notes) and March 4 at 6:30 p.m. (U.S. notes).


This 5,000 roubles 5 percent Treasury Note is a leading highlight of the PCDA sale.

Topping all lots by estimate is a Provisional Siberian Administration 5,000 roubles 5-percent Treasury Note, Jan. 1, 1920, payable in 1921, S870Aa. It’s graded EF/AU and estimated $75,000 to $150,000.

According to the lot description, during the Russian civil war “the Kolchak government’s Minister of Finance ordered 200,000 of these notes from ABNC on October 15, 1919. These completed pieces were reportedly sent in November and were to have reached Vladivostok in late December.” However, due to the factional fighting, it was once believed that these were destroyed or lost. “Kolchak resigned on January 4, 1920. The notes were never issued; to find an example with a full serial number is truly extraordinary.’”

Among U.S. National Bank Notes, a Serial No. 1 1882 $5 Brown Back from The First National Bank of Hawaii, Territory of Hawaii, P5550, Fr. 477, is estimated $20,000 to $40,000. Graded Ch. AU, the cataloger noted that “there are 25 $5 Brown Backs recorded and only 1 is better.”

Other top lots include:

• 1882 $5 Brown Back First National Bank of Raton, Territory of New Mexico, W4734, Fr. 472, PMG VF 25 Net, estimate $15,000 to $25,000;

• 1933 $10 Silver Certificate, Fr. 1700, serial A00000030A, PMG Ch. UNC 64 EPQ, estimate $22,500 to $35,000;

• Series 472 $5 3/22/48-6/20/51 Replacement Military Payment Certificate, PMG Gem UNC 65 EPQ, estimate $12,500 to $25,000.

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