Heritage Readies Long Beach Paper Money Auction

By Tracy Schmidt 

There are many spectacular notes in Heritage’s upcoming Long Beach auction. The top five I will be keeping an eye on are notes of exceptional quality. I look forward to sharing the auction results with you next month.

The first note is Lot 20637, a $10,000 1934 Federal Reserve Note PMG-graded Unc. 66 EPQ. According to Heritage, the note is one of just three $10,000s certified by PMG at this level for all series and districts. Having perfect centering, ideal colors, and excellent eye appeal, it should be a great performer. The note is projected to exceed its estimate of $200,000-$300,000. At the time of writing, the note has 13 bids and registered phone bidders; the lot tracking activity stands at 94, and there have been 3,010 page views.

Lot 20637 is this $10,000 1934 Federal Reserve Note with signatures of Julien and Morgenthau. (Image courtesy of Heritage Auctions)

The second note I am tracking is Lot 20635, a $5,000 1934 Federal Reserve Note graded Very Choice New 64 by PCGS. While this note has been listed in census research, this is the first public offering of the note. Estimated at $175,000-$225,000, at the time of writing the note has had 542 page views.

Lot 20635 is this $5,000 1934 Federal Reserve Note with signatures of Julien and Morgenthau. (Image courtesy of Heritage Auctions)

The third note I have my eye on is Lot 20882, a $500 1882 Gold Certificate graded by PMG as Very Fine 30. The note is well centered and the back has a strong orange coloration. Estimated at $30,000 – up, at the time of writing, the lot has a tracking activity of  53 and has had 991 page views.

The fourth note is Lot 20776, a $5 1896 Silver Certificate graded by PMG as Very Fine 30. Estimated at $2,500 – up, the note is positioned on Sept. 14 heading toward the auction with a current bid of $3,000. There are 17 bids and registered phone bidders, the lot tracking activity sits at 81 and there have been 735 page views.

Lot 20776 is a $5 1896 Silver Certificate signed by Tillman and Morgan. (Image courtesy of Heritage Auctions)

Lot 20617 is a $1,000 1934 Mule Federal Reserve Note signed by Julien and Morgenthau. (Image courtesy of Heritage Auctions)

The final note I am observing, Lot 20617 is something a little different, a $1,000 1934 Mule Federal Reserve Note PMG-graded Choice Unc. 63. Estimated at $2,750-$3,250, today, the note is currently at $2,800. There are 10 bids and registered phone bidders, the lot tracking activity is 48, and there have been 215 page views so far.

For more information on this auction please visit HA.com. I am looking forward to seeing where these notes finalize at auction.

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