$10 War of 1812 Treasury note claims top sale at ANA money show

Bidders’ remorse does not apply to this top sale item! At the Kagin’s Auction ANA annual money show this year in Pittsburgh, Pa, the $10 U.S. Treasury Note of the War of 1812 brought home the top sale of $336,000, which included the buyer’s premium. It is described as the only known specimen of the First circulating banknote authorized by the U.S. Government and this is the first time it was publicly offered. The note had an opening bid of $140,000 before it quickly escalated to $280,000 thanks to a phone bidder. This note was sold along with the Joel R. Anderson collection of War of 1812 Treasury Notes.

Shown is the TN-14b Act of February 24, 1815 $10 Fully Signed War of 1812 Treasury Note PCGS graded EF-40. This note far surpassed its original estimate of $150-200,000! (Image courtesy of Kagin’s Auctions.)

Representing the world bank notes were the complete Emergency Issue 1948 Anglo-Palestine Bank Limited Set of four PMG graded CU 64 to CU 66 PPQ. These brought home a total of $31,200, making it surpass their original estimate of $20-30,000 by $1,200. (Images courtesy of Kagin’s Auctions.)

Shown here is one of the Emergency Issue 1948 Anglo-Palestine Bank Limited Set notes that was featured at the ANA annual money show.

With notes of this caliber, buyers can only wonder what next year’s ANA annual money show will have in store for them. For more information on prices realized at the 2019 Kagin’s Auction ANA annual money show, visit www. auctions@kagins.com.