Large Brown Seal 1882 $1000 Gold Certificate One of Two in Private Hands

By Q. David Bowers-- Co-founder, Stack's Bowers... Today I feature a rarest of the uncommon, finest of the fine note from the Joel R. Anderson Collection. As a class, 19th-century Gold Certificates are unusual. This is because all or nearly all were held locally and, unlike double eagles and other gold coins, were not exported. No foreign Treasury desired to hold paper cash rather of metallic gold. On the other hand, double eagles were delivered abroad in quantity, and millions have been repatriated considering that The second world war.

That said, amongst Gold Certificates of the 19th century, when they are found they are nearly always of lower denominations. The Anderson $1,000 note not just is the highest denomination in its series but is likewise is the finest of simply 2 recognized! The term unique opportunity would appear to be proper here, as it is for lots of other notes from this collection.Our catalog description: Lot 2056. Friedberg 1218d(

W-4618). 1882$1,000 Gold Certificate. PCGS Currency Incredibly Great 45. This incredible example of an excessively uncommon 1882$1,000 Gold Certificate is the finest known for this type and seal combination and among just two such examples in private hands. This note all by itself in any other significant currency sale would make that sale one for the record books. How incredible it is to have this note share the limelight with many other treasures!A portrait of Alexander Hamilton Is seen at. At center is a big brown spiked Treasury Seal with GOLD overprinted in gold letters. A big 1000 counter is found at left. Bold blue serial numbers are seen within gold panels at lower left and upper. The inscribed signatures of Rosecrans and Huston are along the bottom frame line. The back design is intricate and performed in dynamic orange-gold. A bald eagle with guard is at center while a large Roman numeral M counter is seen at left.Just 4 examples of this catalog number are recorded, 2 of which are permanently seized in the National Numismatic Collection and in the collection of the Federal Reserve Bank of San Francisco. This note was the only independently held example understood till another was discovered in 2013 . That example was graded Really Fine 35 by PCGS and sold for $881,250 in a January 2014 auction.The present piece is even more appealing with intense paper, strikingly strong inks and just slight tips of blood circulation. It was first used as part of the Albert A. Grinnell Collection, sold by Barney Bluestone in March 1945 where it brought$ 1,250. It was most just recently gotten for$1,092,500 in a June 2006 auction and has actually been off the market ever since.This note comes from the Grinnell Collection, as marked below. Albert A. Grinnell was a partner in Grinnell Brothers, a chain of music and associatedstores based in Detroit. The company's showrooms in significant cities featured phonographs, player pianos, radios, sheet music, and other goods and were well known in their time. A great study project for an article would be a narrative describing the offering of this incredible cabinet offered by Bluestone in Syracuse, New York . This was in an age before Robert Friedberg's game-changing Paper currency of the United States was released in 1953, and fewer than 10 bidders participated!PCGS Population: 1; none finer.From Limpert & Kemm Illustration; Barney Bluestone's sale of the Albert A. Grinnell Collection, March 1945, lot 566; Currency Auctions of America's sale of January 2000, lot 2311; Lyn Knight's sale of June 2006, lot 326. Est.$600,000 -$ 800,000 * * * For more about the rare and gorgeous notes of Part I of the Joel R. Anderson Collection:

Source

https://coinweek.com/auctions-news/stacks-bowers/large-brown-seal-1882-1000-gold-certificate-one-of-two-in-private-hands/