One of only six known Series 1875 Territorials, this one pedigreed to the Amon Carter collection, sold for $72,000 in Lyn Knight Currency Auctions’ IPMS Kansas City 2017 sale. The sale was held in conjunction with the International Paper Money Show in Kansas City, Mo., June 8-11 (see show coverage here).
This First National Bank of Cheyenne, Wyo., $20 note, charter 1800, Fr. 434, was graded VF+ and was last offered in 1986 by Hickman-Oakes.
Prices do not include the 17.50 percent buyer’s premium.
Another Wyoming national, this one on the Laramie National Bank of Laramie, Wyo., is unique for bank and title. The 1875 $10, charter 2518, Fr. 423, in VF+ brought $40,000.
Selling for $77,500 was a rare $100 on the Streator National Bank of Streator, Ill., charter 2681, Fr. 460. “This amazing note is dated May 5, 1882, immediately before the end of the First Charter Period,” according to the cataloger. “There are only 55 $100s from the 1875 Series known from the entire country, and only 2 are from Illinois, the other from Lincoln is a #1. This note first appeared on June 16, 1945 at the Grinnell sale, held by Blarney Bluestone, where it was Lot 1192 and it sold for $210. It resurfaced 39 years later at Stack’s March 20, 1984 sale, Lot 186, when purchased by the consignor for $3,300.” The note carried a grade of VF/XF.
A second top-selling national was an 1875 $50 from The Second National Bank of Danville, Ill., charter 2584, Fr. 451. In VF/XF its pedigree dates to the Grinnell sale in 1945.
For error collectors, there was an exceedingly rare 1882 Brown Back double denomination note. From the Aetna National Bank of Kansas City, Mo., charter 4251, Fr. 512, it had $50 face and a $100 back. “This institution issued only 460 sheets of notes that each contained one $50 and one $100 Brown Back. Low and behold this amazing note has both, a $50 face and a $100 back so the sheet got flipped before the sides were matched. No other examples are known from this location, either regular or double denominations.” It was graded PMG Fine 12 Net.
For additional information on the sale, visit www.lynknight.com.
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More Collecting Resources
• The Standard Catalog of United States Paper Money is the only annual guide that provides complete coverage of U.S. currency with today’s market prices.
• When it comes to specialized world paper money issues, nothing can top the Standard Catalog of World Paper Money, Specialized Issues .