The Stack’s Bowers Galleries Baltimore Currency Auction realizes over $11 million

The Official Currency Auction of the Whitman Coin & Collectibles Winter Expo presented by Stack’s Bowers Galleries saw total sales that exceeded $11.1 million. Part III of the Joel R. Anderson Collection realized over $8.6 million, while the Caine Collection of Federal Proofs and Essays, Part I, brought over a million dollars.

The firm’s regular live and Internet sessions added $1.48 million to the sale total. All prices include the 20% buyer’s fee.

he first currency offering of the Stack’s Bowers Galleries Official Auction featured Part III of the Joel R. Anderson Collection of United States Paper Money. The 54 lots presented in the standalone catalog realized $8,619,240, with an average per lot price of nearly $160,000. The highlight of the evening was the “Holy Grail” of American currency, the note voted to the top spot in Q. David Bowers and David Sundman’s 100 Greatest American Currency NotesLot 3042, the Anderson example of the 1890 $1000 “Grand Watermelon” Treasury note, graded About New 50, is one of only two Fr. 379a notes in private hands. It was the first note to cross the $1 million mark when it was last auctioned in October 2005. 13 years later in Stack’s Bowers Galleries’ Baltimore auction, it nearly doubled that realization, bringing $2.04 million.

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Among other highlights, lot 3016 offered a unique Act of October 12, 1837, $100 Interest Bearing note, the only known federal note issued between the 1815 Treasury notes and the Demand notes of 1861. This example, the only issued note from this early federal series, brought $114,000, over four times the high estimate. The only Refunding Certificate presented in Part III of the Anderson Collection, an About New 58 PPQ Fr. 213 $10 in lot 3024, was bid to $780,000. It is the only privately held example of just two known, with the other permanently ensconced in the Bureau of the Public Debt. The conclusion of this third part brings the total to date for the Joel R. Anderson Collection to over $26 million, with one more offering planned for February 2019 in Baltimore.


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