$5,000 and $10,000 notes lead Stack’s sale

Small-size currency stole the show at Stack’s Bowers Galleries’ Baltimore Currency Auction, March 26 and March 30 at the Baltimore Convention Center. The sale, which realized nearly $4.7 million, was led by a 1934 $5,000 from St. Louis, Fr. 2221-H, in PMG Choice Uncirculated 64EPQ that went for $258,500.

Closely behind it was the finest graded Fr. 2231-A 1934 $10,000 Federal Reserve Note from Boston in PMG Choice Uncirculated 64EPQ, which sold for $223,250.
Prices include the 17.5 percent buyer’s premium.

The March 26 session was led by 200 lots of high denomination and ultra-high denomination notes from the Holecek Family Foundation Collection. Other top lots included an original half pack of Fr. 2202-B 1934A $500 FRNs from New York, which brought $117,500, and $58,750 for the finest known 1929 $100 Federal Reserve Bank Note star note. The Fr. 1890-G* replacement note was graded PMG Gem Uncirculated 65EPQ and had a pre-auction estimate of $15,000-$20,000.

In all, 11 small-size currency lots sold for more than $50,000.

“We were very happy with the results of the sale,” said Peter Treglia, Director of Currency Auctions for Stack’s Bowers. “I thought that prices were strong in categories across the board and that bidders were eager for the material that we had to offer.”

Other areas that reflected market strength included a rare seal skin Russian-American Co. 10 kopeck “Note in America” graded Choice New 63PPQ by PCGS from the Henry P. Kendall Foundation Collection that sold for $44,062. The final offering of the obsolete proof notes from the Peter Mayer Collection saw strong prices for numerous rarities including $10,575 for a Choice Uncirculated $50 color proof from the Marble Head Bank of Marblehead, Mass.

Among Confederate Currency, a rare T-27 1861 $10 graded Very Fine 25 Apparent by PCGS realized $8,812.50. Additionally, several price records were set for top population third-party graded Confederate type notes, notably $3,055 for a T-65 1864 $100 graded Gem Uncirculated 66EPQ by PMG.

Large-size currency saw two half packs of Fr. 947 1914 $10 Federal Reserve Notes from Dallas sell for $44,062.50 each. Additionally, an Fr. 1197 1882 $50 Gold Certificate graded PMG Choice Uncirculated 64 realized $19,975.

The top grossing national currency lot was a Fr. 382 Original Series $1 from the First National Bank of Pueblo, Colorado Territory, charter 1833, and graded PMG About Uncirculated 55EPQ, which sold for $28,200.

For additional information, visit www.stacksbowers.com.