Exciting paper money discovery features unknown stamped signature pairing

The interests of rare U.S. currency collectors, and numismatists across the spectrum, have been piqued by Heritage Auction Galleries with the announcement of the discovery of a previously unseen significant rarity in the form of a 1915 $5 Federal Reserve Bank Note type. The newly listed Fr. 788a $5 1915 FRBN will serve as one of the anchors of Heritage’s 2009 CSNS Signature CAA Auction, in Cincinnati, May 1.

The Houston B. Teehee/John Burke signature combination on the note features the previously unknown stamped signature pairing of M.W. Bell as Secretary and Joseph A. McCord as governor.

“This is the first note ever reported with that combination,” said Greg Rohan, President of Heritage, “and the fact that a new Friedberg number has been created adds to the overall appeal of this note, which is already a beauty without the added value of this ‘new’ pairing.”

The 18th edition of Paper Money of the United States by Arthur L. and Ira S. Friedberg features a listing for a Fr. 788 $5 note carrying Bank Signatures of M.W. Bell/Max Wellborn, while the listing for the Fr. 789 mentions the J.B. Pike/Joseph A. McCord pairing. The note, graded PMG Very Fine 25, carries an estimate of $75,000-up.

For more information about Heritage’s CSNS CAA auction on May 1, and to read detailed descriptions of each lot, along with full-color, enlargeable photos of each, follow this link to the auction catalog homepage.

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