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The E-Sylum: Volume 28, Number 1, , Article 17

HERITAGE FUN US CURRENCY AUCTION

Heritage Auctions will be hosting their FUN Currency Signature Auction at the upcoming FUN show. Select items from the Curators' Picks are discussed below. -Garrett

FUN US Currency Auction 1

Newnan, GA - $50 1882 Brown Back Fr. 513 The First National Bank Ch. # (S)1861 PMG Very Fine 20. A wonderful Georgia rarity, this is one of only three $50 Brown Backs reported for the entire state and the only one of the three to have ever appeared at public sale. Two of the three reported notes are from this Newnan bank, while the third is from a bank in Macon, but, as mentioned, only this Newnan $50 has ever made a public appearance. That lone occurrence was when we auctioned this note as part of The Rome Collection in our 2004 FUN auction. It is a pleasing, well margined piece with sharp ink colors and bold pen signatures. PMG has noted a sprinkling of pinholes but they are a mere trifle when considering the extreme rarity of this Georgia trophy note. With the other two Georgia $50 Brown Backs tied up in long-term holdings, it may be many years before any opportunity to acquire this rare type and denomination presents itself again.

More information about Georgia National Bank Notes.

To read the complete item description, see:
Newnan, GA - $50 1882 Brown Back Fr. 513 The First National Bank Ch. # (S)1861 PMG Very Fine 20. (https://currency.ha.com/itm/national-bank-notes/georgia/newnan-ga-50-1882-brown-back-fr-513-the-first-national-bank-ch-s-1861-pmg-very-fine-20/a/3597-20425.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

FUN US Currency Auction 2

Poplarville, MS - $10 1902 Red Seal Fr. 615 The National Bank of Poplarville Ch. # (S)8719 PMG Very Fine 30. This is an incredible Mississippi rarity that is certainly one of the highlight notes of tonight's auction. It hails from the only bank to issue in southern Mississippi's Pearl River County - a short-lived venture that issued only a handful of Red Seals and Date Backs between 1907 and 1910. Tonight's offering is the only note reported from this charter and, in the famous words of John Hickman, "it is a real peach of a note." It is a bright and crisp $10 Red Seal with wonderful color, even, problem free wear, and loads of eye appeal for the grade. It is a truly wonderful and rare National fit for the finest of collections. More information about Mississippi National Bank Notes.

To read the complete item description, see:
Poplarville, MS - $10 1902 Red Seal Fr. 615 The National Bank of Poplarville Ch. # (S)8719 PMG Very Fine 30. (https://currency.ha.com/itm/national-bank-notes/mississippi/poplarville-ms-10-1902-red-seal-fr-615-the-national-bank-of-poplarville-ch-s-8719-pmg-very-fine-30/a/3597-20685.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

FUN US Currency Auction 3a
FUN US Currency Auction 3b

Fr. 311 $20 1880 Silver Certificate PMG About Uncirculated 53. The design for this Silver Certificate is rather unique in that it is bereft of the usual green color for any part of the note including the unusual back design which goes to great pains to state that this is a SILVER CERTIFICATE. The ink used for the backs on series 1878 and 1880 Silver Certificates of all denominations was a black-brown color, high in iron oxide, which was used on no other issues. The only color incorporated is on the large brown Treasury seal and XX protector on the face which also features a portrait of Naval Commander Stephen Decatur prepared by Charles Schlecht. The present Track & Price census numbers 162 examples for this Friedberg number, which is rarely offered in higher grades. In fact, it has been nearly two decades since we last offered a higher grade example of this note. Of the 90 examples currently recorded in the PMG Population Report, only two have higher grades than this note.

From The Charlton Buckley Collection

To read the complete item description, see:
Fr. 311 $20 1880 Silver Certificate PMG About Uncirculated 53. (https://currency.ha.com/itm/large-size/silver-certificates/fr-311-20-1880-silver-certificate-pmg-about-uncirculated-53/a/3597-22157.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

FUN US Currency Auction 4

T22 $10 1861 PF-1 Cr. 150 PMG Very Fine 30 EPQ. The T22, dated September 2, 1861, had an issuance number of 58,860. Printed by the Southern Bank Note Co., it shared a sheet with the T15 $50, T19 $20, and T31 $5. At right is a female holding an X, which denotes the denomination, and an ear of corn, at left is Thetis, one of the 50 daughters of the ancient Greek sea god Nereus, and at center is a Native American family. Red-orange protectors complete the design. T(emple) Ellett, who often endorsed with H.H. Goodloe (as demonstrated on this note), signed for Register. Ellett's sister, Sarah, was also a Confederate Treasury Note signer. H(arvel) H(arris) Goodloe's signature appears for Treasurer. One of the first Confederate signers, Goodloe signed notes until September 1861, when he asked for a transfer to the Office of Chief Clerk of the War Tax. Our current offering is a conditional rarity for several reasons. First, the "Exceptional Paper Quality" commendation awarded is an extremely scarce designation for this type. Only six percent of all examples of this type certified by PMG carry the EPQ modifier. Secondly, just twelve percent of all PMG graded T22s are certified VF 30 EPQ or higher, with six at the VF 30 EPQ level. Third, this piece possesses a full frame with wide margins. Finally, the exceedingly vibrant red-orange overprints are completely free of any signs of oxidization. In Pierre Fricke's 2014 book Collecting Confederate Paper Money, he lists market value on page 218 for a VF 30 EPQ/PPQ at $1,700 to $2,500. PMG mentions an as made serial number correction, which contributes further to the historical aspect.

From The Confederate Treasury Collection

To read the complete item description, see:
T22 $10 1861 PF-1 Cr. 150 PMG Very Fine 30 EPQ. (https://currency.ha.com/itm/confederate-notes/1861-issues/t22-10-1861-pf-1-cr-150-pmg-very-fine-30-epq/a/3597-20119.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

FUN US Currency Auction 5a FUN US Currency Auction 5b

Fr. 264 $5 1886 Silver Certificate PMG Gem Uncirculated 65 EPQ. Serial number B32490802 in this lot sits all alone as the second highest PMG graded example on this better Silver Dollar Back Friedberg number. The sole highest graded Fr. 264 is a PMG 66 EPQ note with serial B32490814. We auctioned the latter example in May 2024 for $37,200. Those two notes are just twelve serial numbers apart and both are plate letter B pieces. Also, they are the only Fr. 264 examples above PMG 45 EPQ that have earned the highly coveted EPQ grade modifier. Our current offering possesses full margins with wonderful centering, excellent color, and natural paper wave. Overall, it is a gorgeous note to represent the type.

From The Dwane Johansen Collection

To read the complete item description, see:
Fr. 264 $5 1886 Silver Certificate PMG Gem Uncirculated 65 EPQ. (https://currency.ha.com/itm/large-size/silver-certificates/fr-264-5-1886-silver-certificate-pmg-gem-uncirculated-65-epq/a/3597-22122.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

FUN US Currency Auction 6a FUN US Currency Auction 6b

Fr. 1216a $500 1882 Gold Certificate PMG Very Fine 25. The Fr. 1216a has the unique honor of having been delivered for only two days. Delivery began on March 18, 1914 and ended on March 19, 1914 ensuring a low population of this note type.Fewer than three dozen examples are known, and this is a rather attractive example of the Parker-Burke signature combination. The margins are full and the colors, though certainly not perfect, are typical for the 25 grade. It is evenly circulated and with the comments, stains, and spindle hole. Estimate: $15,000 - up.

To read the complete item description, see:
Fr. 1216a $500 1882 Gold Certificate PMG Very Fine 25. (https://currency.ha.com/itm/large-size/gold-certificates/fr-1216a-500-1882-gold-certificate-pmg-very-fine-25/a/3597-22294.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

FUN US Currency Auction 7

Postal Currency Envelope for 3¢ Notes (Washington, DC- Fisk Mills) ND (1869) PMG Encapsulated No Grade. This example was previously lot 456 when we auctioned the Milton R. Friedberg Collection on January 10, 1997. This is an excessively rare item of great interest to Fractional collectors. The story of this envelope is best told in a short article written by Milt that can be found at www.spmc,org - "Postal Currency Envelope" in Paper Money, Society of Paper Money Collectors, January/February 1980, Vol. XIX, No. 1, Whole No. 85, page 29. The example in this lot is plated with the article. In short, Milt ran across the description of this item in a postal history reference book. It is a postal envelope used to preserve stamps while they are being used as small change. This is a post-Civil War example and U.S. Patent 91,473 was issued to Fisk Mills of Washington, D.C. for a "Postal Currency" envelope on June 15, 1869. A limited quantity of orange (red to this cataloger's eyes) on buff paper examples were prepared. Milt was aware of three examples of the version in this lot surviving when the article was written in 1980. Three other different versions were also known to Milt and he believed that they were the original "working samples" supplied to the U.S. Patent Office with the patent application as was required by the patent law of the period. These samples were later sold by the Patent Office in a house cleaning procedure. An additional variation was known to Milt with an eagle facing left. When we auctioned Milt's collection in 1997 and before the piece in this lot was third party encapsulated, we described the envelope in this lot as having a short split where the flap meets the envelope. Nonetheless, this item remains rare. As being a post-Civil War example, it was not included in Fred Reed's, Civil War Stamp Envelopes The Issuers & Their Times.

To read the complete item description, see:
Postal Currency Envelope for 3¢ Notes (Washington, DC- Fisk Mills) ND (1869) PMG Encapsulated No Grade. (https://currency.ha.com/itm/miscellaneous/postal-currency-envelope-for-3-notes-washington-dc-fisk-mills-nd-1869-pmg-encapsulated-no-grade/a/3597-20215.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

FUN US Currency Auction 8

Printed Fold Error Fr. 1935-A $2 1976 Federal Reserve Note. PMG Choice Uncirculated 64 EPQ. A dramatic printed fold shows the Treasury Seal and upper serial number on the back of this Boston $2.

To read the complete item description, see:
Printed Fold Error Fr. 1935-A $2 1976 Federal Reserve Note. PMG Choice Uncirculated 64 EPQ. (https://currency.ha.com/itm/error-notes/foldovers/printed-fold-error-fr-1935-a-2-1976-federal-reserve-note-pmg-choice-uncirculated-64-epq/a/3597-22587.s?ctrack=200071&type=featured-img1-currency-picks-3597-FUN-tem123024#)

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Wayne Homren, Editor

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