By Q. David Bowers, Co-Founder at the Baltimore Expo……
As you learn these phrases, I’m in Baltimore or preparing to go, all set to take part in the Whitman Coin & Collectibles Baltimore Expo – all the time one in every of the nice exhibits of the yr. Stack’s Bowers Galleries might be having a number of dynamic public sale periods.
Colonial and early American cash come to the fore, as the Baltimore Expo can be internet hosting the annual assembly of the Colonial Coin Collectors Membership, all the time an incredible occasion. As a complement to this membership gathering, we will probably be presenting one among the best choices of colonial and early American cash ever – anchored by the Archangel Assortment — with items starting from reasonably priced state coppers of the 1780s to main rarities akin to the 1787 Clinton copper.
Past that, our foreign money choices are spectacular. The Joel R. Anderson Assortment Half III options unimaginable rarities, lots of that are the best recognized, balanced by a choice of reasonably priced notes – all a part of the best assortment of large-sized paper cash design varieties ever shaped.
The Caine Assortment of federal proofs is superb and guarantees a as soon as in a lifetime alternative to purchase lots of the items provided. Different paper cash is featured, as is a wonderful choice of federal cash from half cents to double eagles, plus commemoratives, patterns, tokens and medals. No matter you acquire, there’s sure to be one thing for you!
In the event you plan to take part in individual at the Baltimore Expo, your plans are already set. In any other case, you’re warmly invited to take part in actual time on the web – identical to being right here – properly, not fairly, since you’ll miss the camaraderie and pleasure. However on the different hand you’ll have the ability to give attention to every merchandise as it’s provided from the consolation of your workplace or house.
Thanks for being a Stack’s Bowers pal and shopper.
Now Listed here are a few Highlights to comply with……
Anderson Assortment of US Paper Cash – LOT # 3042
Best Recognized “Grand Watermelon” 1890 $1000 Treasury Word – The “Holy Grail” of American Foreign money
Whereas uncommon and excellent notes abound in the Joel R. Anderson Assortment, maybe no single observe has captivated United States foreign money collectors as a lot as this 1890 $1000 Treasury Notice. Popularly often known as the Grand Watermelon, these notes gained their well-known nickname due to the distinctive giant inexperienced zeros on the again of the word which resemble the fruit. The sort is understood in two varieties, Fr.379a (W-4580) with a big brown Treasury Seal and signatures of Rosecrans and Huston, and Fr.379b (W-4581) with a small pink scalloped Treasury Seal and signatures of Rosecrans and Nebeker. The face design portrays Union Main Basic George Meade at left. Meade is greatest referred to as the victorious commander of Union forces at the Battle of Gettysburg. Close to middle is an ornate 1000 die counter with floral ornaments. The sort ranks No. 1 in 100 Biggest American Foreign money Notes by Q. David Bowers and David M. Sundman. The current notice is the plate instance for the sort and graces the cowl of the e-book. Listed here are excerpts from what Bowers and Sundman stated about this difficulty”
“Rolling into first place in the 100 Greatest survey is the $1,000 “Grand Watermelon Note,” extra formally often known as the 1890 Coin Word or Treasury Observe. For a very long time this has been the Holy Grail for collectors of federal foreign money. Earlier than the survey outcomes have been in contrast, these behind the scenes engaged on the guide speculated that the Grand Watermelon Observe would make first place, and we have been proper! Fairly a number of guesses as to different positions have been off the mark.
“The nickname of this notice is derived from the giant, inexperienced zeroes on the again, which seem like scrumptious watermelons. Right now, Grand Watermelon Notice is a time period of affection, nevertheless it was not seen this manner by the Treasury Division in 1890, and steps have been taken to change the design. Equally, these splendidly ornate notes weren’t admired by the public of their time. An article revealed in the Boston Night Transcript in 1891 famous that a new collection of designs was on its means, and that:
” ‘There will probably be no mourning for the previous backs. At the Treasury they’ve by no means been regarded with very tumultuous approval. Officers at that establishment generally refer to the denominations representing $1,000, $500 and $100 as “water melons,” due to the putting resemblance which the big zero’s bear to the juicy vegetable in query.
” ‘They consider that the genius of Chief Engraver Casilear can produce very superior substitutes. Definitely a word that isn’t engraved throughout is handsomer, and the greatest specialists are of the opinion that a couple of scattered designs, very elaborate and executed in the highest type of artwork, are most troublesome to counterfeit efficiently.’”
“There never was a $500 Watermelon Note, but otherwise the account reads true. The Treasury felt that crowded designs without open spaces made notes easy to counterfeit.”
(At present in 2018 you possibly can learn this with a smile, as you may need executed with the Instructional Notes. Whereas the press and Treasury executives didn’t like ornate notes, numismatists love them!)
“The illustrated note [the Joel R. Anderson example] has an illustrious pedigree, including F.C.C. Boyd, James Wade, Robert Friedberg, Amon Carter, Jr., down through one of the authors (Bowers) to its offering by Lyn F. Knight in the David Rickey Collection sale, October 2005, where it sold for $1,092,500 to Tom Denly, representing a client, the first note ever to cross the million-dollar mark at auction.”
This instance is the first number of the sort, with the engraved signatures of Treasury officers Rosecrans and Huston together with the distinctive giant brown Treasury Seal at proper. Its pedigree is traced to F.C.C. Boyd, James Wade, and Amon Carter Jr. amongst others. That is the best of the seven Grand Watermelon notes recognized. Any indicators of precise circulation are faint, with simply mild dealing with noticed primarily in the corners and close to the edges. The margins are plentiful, the paper is creamy white and the inks are sharply printed. The all-important again design is vividly detailed in daring inexperienced inks.
Of the seven Grand Watermelon notes recognized, all however three are completely held in authorities collections. The observe provided right here is one among two Fr.379a examples in personal palms; the different, graded PCGS Extraordinarily Fantastic 45 Obvious, bought for $1,525,500 in an April 2013 public sale. Solely one in every of the two recognized Fr.379b notes resides in personal arms. It bought in a January 2014 public sale for $three,290,000.
No elite degree United States foreign money assortment is full with out an instance of this celebrated sort. Not more than three collectors in the world can lay declare to one at any given time. This can be a historic alternative to personal the Joel R. Anderson instance, certainly one of the most essential notes in the biggest United States foreign money assortment ever assembled.
Estimate: $1,250,000 – $1,750,000.
Provenance: From Limpert, Friedberg, Krause-Lemke & Koike Illus.; F.C.C. Boyd; James M. Wade; Robert Friedberg; Amon Carter Jr.; Bowers and Ruddy Fastened Worth Listing of November 1979; Stack’s sale of March 1989, lot 693; Lyn Knight’s sale of December 1998, lot 222; Lyn Knight’s sale of October 2005, lot 1.
PCGS Inhabitants: 2, none finer.
1873 Seated Greenback. Proof-66+ (NGC). CAC. LOT # 2086
Remaining Yr Proof 1873 Liberty Seated Greenback
Best Licensed at NGC
This can be a merely excellent survivor of the ultimate Proof Liberty Seated silver greenback. An excellent circle in the middle of the obverse is framed in wealthy steel-olive and mauve-gray patina. Comparable firming is clear on the reverse, with the colours utterly enveloping that aspect. Each side are uniformly full in strike with modest cameo distinction to the end.
As with the two-cent piece, silver three-cent piece and half dime, 1873 noticed the ultimate manufacturing of silver dollars in the United States Mint. In contrast to the smaller denominations, nevertheless, the halt in greenback coinage proved momentary with manufacturing resuming in even higher numbers in 1878 with passage of the Bland-Allison Act. The demise of the silver greenback in 1873 is linked to the authorization of the commerce greenback. The Liberty Seated greenback had not seen home circulation since the 1840s, as circulation strikes made throughout the 1850s, 1860s and early 1870s have been used largely in export commerce. With the creation of the commerce greenback the silver greenback instantly had no helpful objective, and the denomination was discontinued shortly after passage of the Act of February 12, 1873.
As well as to 293,000 circulation strikes, the Philadelphia Mint struck 600 Proof silver dollars in 1873, most of which have been distributed as a part of silver Proof units. The discontinuance of this denomination might have resulted in the destruction via melting of some unsold examples. The 1873 is one among the scarcer Proof Liberty Seated dollars of the Motto design sort. Gems akin to that provided listed here are uncommon from a situation standpoint, and this instance represents an necessary providing for superior collectors.
NGC Census: simply 1; zero finer in any class.
1792 disme. Copper. Judd-10. AU-58+ (PCGS). CAC. Lot # 7153
Splendidly Selection 1792 Copper Disme
Jefferson’s Decimal Lynchpin
61 grains. Reeded edge. Medal flip. A historic relic from the earliest days of the United States Mint, this distinctive 1792 disme is as lovely right now because it was then. Its excellence in execution belies the inexperience of those that produced it, with finely engraved dies capably struck onto a well-made planchet. Ideally centered on each side, a broad body of denticles of even size encompass the frosty chocolate brown surfaces on each obverse and reverse. The surfaces are each shiny and lustrous, wealthy in tone and lightest in the protected areas the place mint colour was final to fade. The portrait of Liberty was introduced into full aid and element by a single daring strike, standing out in good distinction from the clean fields that encompass it. The reverse is equally selection, with a properly rendered eagle displaying simply the normal flat space at absolute middle however sustaining higher than ordinary particulars in the head, wings, and talons. The sunshine shades round the peripheral legends are gold and olive, barely pale from mint colour. The fields on each side are primarily immaculate, freed from any troubling marks or post-striking contact factors. A trivial and shallow flaw under the eagle is famous solely as an identifier, as it isn’t of adequate boldness to manifest in a photograph. A tiny speck of scale clings at the obverse rim above T in PARENT, innocent and secure. An infinitesimal rim nick above I of LIBERTY is each hidden by the holder and inoffensive with out it. The aesthetic attraction is unimprovable at this grade degree and ranks this as simply the prettiest of the non-Mint State examples of this concern. Certainly, it’s straightforward to class this as superior to a number of a grade larger.
Clearly any 1792 difficulty is of particular significance and curiosity, however the disme is actually foundational to our financial system. It was the lynchpin of Jefferson’s decimal plan, the small denomination that held the decimal place between the lowly cent and the mighty greenback. Jefferson conceived it as equal in worth to the Spanish half pistareen, which he described as “a coin perfectly familiar to us all.” Although the disme was a key a part of the 1792 experimental program, struck in each silver and copper, with edges that have been each plain and reeded, the circulation dime program was slowed down early, as few depositors needed their silver again in the small denomination, preferring dollars or halves as an alternative.
There are solely three silver 1792 dismes recognized, making it certainly one of the most august American rarities. In 1792: Delivery of a Nation’s Coinage, authors Smith, Orosz, and Augsburger recorded 19 discrete specimens of Judd-10 in copper. One is silver-plated, one is graded Poor-1 (PCGS), and three are impounded (Smithsonian, Byron Reed / Durham Museum, Independence Nationwide Historic Park). Most are properly worn; simply seven of these listed are graded AU-55 or larger. Three further specimens of Judd-11, with plain edge, are recognized, one in every of which is badly disfigured.
Off the market since 1976, this piece is now ranked as the third best licensed by PCGS.
Provenance: From the Archangel Assortment. Earlier, from Stack’s 1976 American Numismatic Affiliation sale, August 1976, lot 131; New England Uncommon Coin Auctions’ sale of November 1975, lot 383.
PCGS Inhabitants: 1; 2 finer (SP-64 BN best).