Uncirculated Notes Hot, Low Grades Just Warm

An amazing number of notes in the Central States auctions. Some notes higher, some notes lower. It seems that Uncirculated notes were hot, but lower grades were just warm with some notes losing value. There was a nice assortment of California Gold notes, but Grades 12 and 10 were down a bit with a San Francisco $5 on Charter 1741 in PMG10 only fetching $2,400, while an Oakland $10 in PMG12 net brought $22,800. $500 and $1,000 Small Size lost ground in grades below uncirculated but rose for Gem notes. These series had been red hot from top to bottom for the last year and a half. Large size notes were strong throughout higher grades, but only fair in lower grades with ups and downs. The scarce Large Size notes were very strong in Black Eagle ones, Port Hole $5’s, and 1880 $10 and $20 silver certificate notes. Educational notes were strong in the $1 variety, steady but not well represented with the $2 and $5 Educational notes, although a $5 Educational in PCGS 45 in the Platinum session brought $10,200. A few notes scored higher in the Regular auction as opposed to Platinum night. Small Size notes were slow without much representation in FRN’s or FRNB’s. But a $5 Minneapolis 1928 A FRN in 63 was sold for $1,800, the 28 A series FRN’s being quite scarce. A $1 1935 A Silver certificate star Mule in PMG 65 went for $1,140. There were several Fancy serial numbers that brought strong prices. This area of Small Size has been very popular, along with number 1 notes in recent years. In other small sales, a Red Seal $5 1928 F narrow variety in PMG 66 netted $3,360. Small Size Gold notes were lightly represented, but a large contingent of Large Gold Certificates were quite strong. Silver Certificate $2 1899 examples continued strong prices with a Fr.252 in PMG 66 scoring $3,840. A PCGS graded $100 Watermelon Fr. 377 earned $264,000 in a 50 grade. Confederate Notes were well represented. T1 a $1000 Note sold for $15,600 in PMG 20. T2, a $500 Note in PMG 20 sold for $20,400. T3 a $100 note in PMG 63 brought $31,000 T4, a $50 Note in PMG 30 made $6,000 Military endorsed notes were especially popular. A T5 $100 bill endorsed by Maj. W. J. Anderson in uncirculated PMG 63 realized $2,400. A $50 T6 in 63 EPQ with a star designation sold for $3,000. T17. A $100 note in PCGS realized $1,580. T11, a $5 1861 note in PMG 25 was hammered down at $2,280. An attractive and colorful $50 Train note, T15, a product of the Southern Bank Note Company in PMG 25 earned $3,600. That company ceased printing after the fall of New Orleans in April of 1862. T17, a $20 1861 issue in PCGS 45 PPQ brought $2,040. The colorful T19 $20 in PMG 35, $3,840. A $5 T32 in PMG 20 sold for $1,080. The scarce T33 PMG 55 realized $4,560. This note is one of 21-50 examples known. The popular Stonewall Jackson $500 note, T64 in PMG 66, with only two known in this lofty grade sold for $40,800, A 50 cent Jefferson Davis note, PMG 66 brought $2,160. Reach me at billbrandimore@charter.net.