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Lots You Need to Know

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Stack's Bowers Anderson Collection Lots You Need to Know

by Charles Morgan for CoinWeek….

At 6:00 PM EDT on October 25, Stack’s Bowers will kick off the third session of their historic providing of the Joel Anderson Assortment of Paper Cash.

Anderson is a serious determine within the American publishing business, whose enterprise portfolio consists of Books-A-Million, Whitman Publishing, and the Anderson Press. He’s additionally the proprietor of the most important retail fireworks firm in america.

Anderson’s paper cash assortment is one for the ages, with an estimated worth approaching $30 million.

A collage of some of the most important paper money issues in the U.S. series.From the Anderson Assortment: A collage of a few of the most necessary paper cash points within the U.S. collection.

Within the first two periods of the sale, The Anderson Assortment has already realized $20,206,234. Spotlight notes from the gathering which have bought over the course of those two periods embrace Anderson’s 1861 $50 Curiosity Bearing Notice and 1880 $1,000 “Black Back” Silver Certificates of Deposit, each of which introduced $1,020,000; his 1863 and 1880 $1,000 Authorized Tender Notes bought for $960,000 apiece; and an 1863 $500 Authorized Tender Observe, which introduced spirited bidding, promoting for $900,000.



On this, the third session, Stack’s Bowers will supply 54 thrilling and necessary tons. We’ll talk about 4 necessary notes on this version of Lots You Need to Know.

Past this unique sale, Stack’s Bowers may also supply a full complement of auctions masking all features of American numismatics. To learn CoinWeek’s protection of our favourite trendy and basic cash, click on on the hyperlinks under. Additionally, examine again on October 11, as we spotlight necessary items within the Caine, Herzog, and Archangel Collections.

CoinWeek’s full pre-auction protection of Stack’s Bowers October 2018 Baltimore Auctions

With this housekeeping out of the best way, let’s break down 5 of the necessary paper cash tons from Stack’s Bowers third session of the Joel R. Anderson Assortment that you simply want to find out about.

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Contents

Lot 3015: Friedberg 188 (W-4970). 1878 $5,000 Authorized Tender Notice. PCGS Foreign money Very High-quality 25. Specimen.

Lot 3015 is a singular 1878 $5,000 Authorized Tender Specimen Word. four,000 items of this catalog quantity have been printed and no issued items survive. This instance is printed on BEP banknote paper and seems precisely as an issued observe would have, save for the absence of serial numbers. Of their place are three blue stars.

The observe’s entrance includes a likeness of James Madison and the again options probably the most elegant engravings of an American bald eagle ever revealed by the Bureau of Engraving and Printing. It’s ironic that so lots of America’s founding fathers discovered their approach onto our paper cash seeing as they completely loathed the idea of it. Lincoln, who graces the $5 is extra becoming for the honour as his administration famously issued the primary dollars.

In accordance to Stack’s Bowers, this distinctive specimen was offered to the Chinese language authorities by the U.S. Treasury Division. On the time, and nonetheless true to the current day, governments present nations they do enterprise with specimen examples of their foreign money in order to facilitate commerce and change.

No different examples of this sort have turned up and its probably none ever will. A decade in the past, this piece introduced over $800,000 at public sale. Stack’s Bowers estimates the sale worth of this notice to be between $600,000 and $800,000, however given its rarity and import, the observe might exceed these numbers.

Lot 3042: Friedberg 379a (W-4580). 1890 $1000 Treasury Observe. PCGS Foreign money About New 50.

This notice, serial quantity A13343*, with giant seal and the signatures of Rosecrans and Huston, is the best recognized instance of one of the well-known notes in American historical past – the “Grand Watermelon.”

It’s the plate notice of Bowers and Sundman’s 100 Biggest American Foreign money Notes, a ebook, which may as properly be a love letter to the Anderson Assortment as fairly a couple of specimens lovingly listed and described make up the 240 piece grand set.

On the entrance is a portrait of Union Main Common George Meade. Meade’s whole grownup life was devoted to the protection of, preservation of, and restoration of his nation. A soldier till his final day on November 6, 1872, he was in control of the Military of the Potomac for lower than every week earlier than he discovered himself pitted towards Robert E. Lee at Gettysburg, in what turned out to be the decisive battle of the American Civil Conflict. After the struggle, he served because the governor of the Third Army District, overseeing the reconstruction of Georgia, Florida, and Alabama.

This 1890 concern will get its nickname, not from Meade, nevertheless, however from the observe’s lovely green-colored again, which encompasses a large-sized 1000 within the middle with every of the zeros depicted as ovaloid shapes with watermelon-like stripes. It was a nickname that was earned upon launch and has stayed with the notice and its smaller sister observe, the $100 “Watermelon”.

Stack’s Bowers traces the provenance of this observe to quite a few necessary collections, together with these constructed by F.C.C. Boyd, Robert Friedberg, and Amon Carter, Jr. That is the primary foreign money notice to eclipse the $1 million mark at public sale, promoting for $1,092,500 at an October 2005 Lyn Knight sale.

Stack’s Bowers estimates the sale worth of this word to be between $1.25 million and $1.75 million.

Lot 2022: Friedberg 1215d (W-4206). 1882 $500 Gold Certificates. PCGS Foreign money Very Nice 35.

Earlier than the current instance turned up as a consignment from a small city collector within the Spring of 2013, the one recognized instance of this extraordinarily necessary Nationwide Financial institution Word, issued in 1882 and signed by Rosecrans and Hyatt, was impounded within the assortment of the Federal Reserve.

Uncollectible and rarely seen objects are sometimes troublesome to gauge within the market, however collector Joel Anderson spared no time or expense when stepped up to the plate and bought the notice at its public sale debut. The ultimate worth with purchaser’s premium was $1.41 million.

The notice’s design is distinctive and ornate. On the obverse, on the left aspect, is a portrait of Abraham Lincoln. Above this vignette is a reference to the Act of July 12, 1882, a serious piece of banking laws that modernized the nationwide banking system and referred to as for an entire redesign of American foreign money notes.

On the suitable aspect of the observe, the denomination is written in giant numerals and is printed over a round spirograph sample. The observe states that “Five Hundred Dollars in Gold Coin” has been deposited within the Treasury of america and is “repayable to the bearer in demand.” A big ornate spiked seal is printed in pink beneath, overlaid by the phrase GOLD, written in giant Gold letters.

The again of the observe encompasses a flying eagle vignette with a purple spiked D on the left aspect.

In a set crammed with highlights, through which many notes are the one ones of their varieties, or the best ever seen, it’s straightforward to overlook the significance of particular person items, even ones which are anticipated to convey between $1 million and $1.5 million.

 

Lot 3035: Friedberg 337b (W-3616). 1878 $100 Silver Certificates of Deposit. PCGS Foreign money Very Advantageous 25.

 

In a sale chock filled with main rarities, notes with iconic designs, and specimens in beautiful situation, it’s straightforward to overlook items that have been it not for the sheer luck of their survival that entire chapters of our nation’s monetary story may be misplaced to historical past.

The current word is astonishingly uncommon, although not distinctive. It’s one in every of two 1878 $100 silver certificates in personal palms that function a triple signature on the entrance.

President James Monroe options on the notice’s entrance. He’s offset to the left aspect, whereas a pink Treasury seal surmounts an ornately detailed “100”. A collage of vegetal aid, a scalloped spirograph function, the word’s serial quantity, and denomination fill the proper aspect. The reverse options an intricate typeset with nonetheless extra decorative element filling the phrases “UNITED STATES”, “SILVER”, and “CERTIFICATE.” The observe is printed on blue-tinted paper.

The three signatures on the notice are these of Assistant Treasurer A.U. Wyman, Treasurer James Gilfillan, and Register Glenni William Scofield. Of the three, solely Wyman’s was rendered by hand. The others have been added by plate. It’s astonishing that greater than a decade into the issuance of paper cash, that the Treasury Division was nonetheless toying with the thought of hand-signed notes.

With simply two of the sort in personal arms, it goes with out saying that alternatives to purchase one are few and much between. In accordance to Stack’s Bowers, its been many years because the final one got here to market. The final one promoting for $59,000 in 1989- lifetimes in the past when it comes to the amassing market.

If Stack’s Bowers presale estimates are on level, this time across the profitable bid might be someplace between $500,000 and $700,000.

 

 

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Stack’s Bowers’ Official Sale of the Whitman Coin & Collectibles Expo in Baltimore, Maryland

Stack's Bowers The October 2018 Baltimore Auction - Catalog ImageStack’s Bowers The October 2018 Baltimore Public sale – Catalog Picture

Session Itemizing:

October 2018 Baltimore – Session 1 – U.S. Cash Half 1 – Lots 1-560

OCTOBER 24, 2018 • four PM EST • BALTIMORE CONVENTION CENTER • ROOM 308

Session 1 – U.S. Cash Half 1. Exonumia and Half Cents via Half Dollars. The reside public sale session begins at four PM EST on Wednesday, October 24 in Room 308.

October 2018 Baltimore – Session 2 – U.S. Cash Half 2 – Lots 1001-1692

OCTOBER 25, 2018 • 10 AM EST • BALTIMORE CONVENTION CENTER • ROOM 308

Session 2 – U.S. Cash Half 2. Silver Dollars by means of the Finish. The stay public sale session begins at 10 AM EST on Thursday, October 25 in Room 308.

October 2018 Baltimore – Session three – Rarities Night time – Lots 2001-2226

OCTOBER 25, 2018 • 6:30 PM EST • BALTIMORE CONVENTION CENTER • ROOM 308

Session three – Rarities Night time. The reside public sale session begins at 6:30 PM EDT on Thursday, October 25 in Room 308.

October 2018 Baltimore – Session four – The Joel R. Anderson Assortment of United States Paper Cash Half III – Lots 3001-3054

OCTOBER 25, 2018 • 6 PM EST • BALTIMORE CONVENTION CENTER • ROOM 309

Session four – The Joel R. Anderson Assortment United States Paper Cash Half III. The reside public sale session begins at 6:00 PM EST on Thursday, October 25 in Room 309.

October 2018 Baltimore – Session 5 – The Caine Assortment of Federal Essays and Proofs Half I – Lots 4001-4113

OCTOBER 25, 2018 • 6:30 PM EST • BALTIMORE CONVENTION CENTER • ROOM 309

Session 5 – The Caine Assortment of Federal Essays and Proofs Half I. The reside public sale session begins at instantly following the conclusion of Session four on Thursday, October 25 in Room 309.

October 2018 Baltimore – Session 6 – The John E. Herzog Assortment of United States Paper Cash Half II – Lots 5001-5062

OCTOBER 25, 2018 • 7:00 PM EST • BALTIMORE CONVENTION CENTER • ROOM 309

Session 6 – The John E. Herzog Assortment of United States Paper Cash Half II. The reside public sale session begins instantly following the conclusion of Session 5 on Thursday, October 25 in Room 309.

October 2018 Baltimore – Session 7 – Early American Cash – Lots 6001-6351

OCTOBER 26, 2018 • 11 AM EST • BALTIMORE CONVENTION CENTER • ROOM 308

Session 7 – Early American Cash. The stay public sale session begins at 11:00 AM EST on Friday, October 26 in Room 308.

October 2018 Baltimore – Session eight – The Archangel Assortment of Colonial Cash and 1792 Coinage – Lots 7001-7155

OCTOBER 26, 2018 • 6:30 PM EST • BALTIMORE CONVENTION CENTER • ROOM 308

Session eight – The Archangel Assortment of Colonial Cash and 1792 Coinage. The stay public sale session begins at 6:30 PM EST on Friday, October 26 in Room 308.

October 2018 Baltimore – Session 9 – U.S. Foreign money – Lots 8001-8509

OCTOBER 26, 2018 • 5 PM PST • BALTIMORE CONVENTION CENTER • ROOM 309

Session 9 – U.S. Foreign money. The stay public sale session begins at 5:00 PM EST on Friday, October 26 in Room 309.

October 2018 Baltimore – Session 10 – Web Solely – U.S. Foreign money – Lots 9001-9412

OCTOBER 29, 2018 • 9 AM PDT • INTERNET ONLY

Session 10 – Web Solely – U.S. Foreign money. The reside public sale session begins at 9:00 AM PST on Monday, October 29.

October 2018 Baltimore – Session 11 – Web Solely – U.S. Cash Half 1 – Lots 10001-10621

OCTOBER 29, 2018 • 9 AM PDT • INTERNET ONLY

Session 11 – Web Solely – U.S. Cash Half 1. The stay public sale session begins at 9:00 AM PST on Monday, October 29.

October 2018 Baltimore – Session 12 – Web Solely – U.S. Cash Half 2 – Lots 11001-11716

OCTOBER 30, 2018 • 9 AM PDT • INTERNET ONLY

Session 12 – Web Solely – U.S. Cash Half 2. The stay public sale session begins at 9:00 AM PST on Tuesday, October 30.

October 2018 Baltimore – Session 13 – Web Solely – U.S. Cash Half three – Lots 12001-12788

OCTOBER 30, 2018 • 9 AM PDT • INTERNET ONLY

Session 13 – Web Solely – U.S. Cash Half three. The reside public sale session begins at 9:00 AM PST on Wednesday, October 31.