Gift from grandmother to grandson could bring $20,000+

DALLAS, TX – The only serial #1 star note from the Bicentennial $2 series known to exist in private hands will be offered by Heritage Currency Auctions of America in its Central States auction, May 1, at Cincinnati’s Duke Energy Downtown Convention Center.

The newly surfaced note had been hidden away by its owner since 1976, when it was obtained – along with the serial #2 San Francisco District $2 star, which accompanies it in this sale – by the consignor’s grandmother from a Bank of America branch in Oakland, Calif. She went in with the express purpose of obtaining a couple of the newly issued $2 Bicentennial notes for her grandson’s budding coin and currency collection.

The notes were placed in an envelope and forgotten until more than three decades later when that same grandson, for whom they were purchased in the first place, discovered the envelope. Now these pristine notes are going to be offered to the general public and the level of curiosity from the collecting world is expected to be high.

Each of the two notes has one light storage fold, acquired over the years, a minor exception in both instances. Otherwise each note is as pristine and undisturbed as the day they were pulled from the pack of bills at the Bank of America in the Bay area. Each piece is graded Choice About Uncirculated 58 EPQ (Exceptional Paper Quality) by PMG. The pre-sale estimate for the serial number 1 example is $20,000-$30,000 – which could prove to be quite conservative – as only one collector in the world will be able to boast of owning a serial number 1 Bicentennial star deuce when the hammer falls on this lot.

To see the rest of the lots in this auction, read detailed descriptions and download enlargeable hi-res images, go online to www.HA.com/Currency.

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