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Friday, December 24, 2010

Collectors compete for $75,000 wad of cash in January coins auction

One-hundred early Federal Reserve banknotes are up for sale - and could bring more than $75,000

We've already reported on the inclusion of the 'first ever' example of a 1882 Gold banknote, estimated at $500,000 in Heritage's upcoming January 6-10 Florida coins sale.

But another exciting offering is quite rare and seldom ever seen within the currency collecting community: a pack of 100 low serial numbered Fr. 1922-K $1 1995 Federal Reserve Notes.

The banknotes are serial numbered 1-100 and their quality, says Heritage's experts, is "Superb Gem Crisp Uncirculated".

According to Heritage: "this first replacement pack is wonderfully margined and near perfect, containing the serial number one through one hundred stars for this mid-1990's Dallas issue."


The pack of low serialled Federal Reserve Notes

Regular issue serial number 1 packs of $1 Feds routinely fetch in the area of $35,000. This pack is optimistically estimated at $50,000-75,000.

However, "any estimate for this number 1 star pack is simply a guess," says the lot description. "This afternoon our bidders will decide its ultimate value."

The guesswork will end when the sale takes place in Tampa, next month. Watch this space for more news on Heritage's event.