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All Posts Tagged With: "Auction"

Rare 1934 $5,000 Federal Reserve Note Will Be Auctioned Nov. 30

A rare $5,000 Federal Reserve Note, said to be one of only 342 known to be remaining in circulation, will be auctioned on Tuesday, Nov. 30, by Chicago auction house Direct Auction Galleries in an auction taking place in Chicago at 7232 N. Western Ave. Absentee bids are also accepted.

The $5,000 bill is one of 800 lots which also includes a 1934-Star $1,000 Federal Reserve Note (165,372 said to be remaining in circulation), and a 1934-A $500 Federal Reserve Note (Unc.), Brown & Green Seal Notes, 8 Gold Coins including an 1898 Unc. Gold Liberty Head Coin, and more in an auction also offering Furniture and Furnishings, Jewelry, a Vintage Nickel Slot Machine, Bronzes, Art, 1893 Columbian Exposition and 1933 Century of Progress items, and much more.

The last printing of high denomination bills ($500 to $100,000) was in 1945. Giving way to advancing and secure technologies, the large bills had been used by banks and the U.S. government primarily for bank transfer payments, and the Federal Reserve officially discontinued these notes and began removing them from circulation in 1969.

The rare $5,000 bill in this auction is graded approximately AU condition and has James Madison, the 4th president of the United States (1809-1817), the “Father of the Constitution” and chief architect of the Bill of Rights on it.

An interesting footnote about President Madison, he also helped establish the departments of war, treasury, and state, and also tried to establish a national brewery; and even a cabinet position for a secretary of beer, as reported on a recent “Sunday Morning” on CBS. Whoever has the winning bid for this item might be toasting with more than beer!

Direct Auction Galleries is a Chicago auction house specializing in estates and fine antiques, founded in 1962 by Mike and Barbara Modica, located at 7232 N. Western Ave. in Chicago. Auctions are held every other Tuesday with inspections Monday prior to auction day from 3:30-7:30pm and 2-3pm before the sale. For more information, call 773-465-3300 or for full listing, photos, and catalog, visit www.directauction.com.

Stack’s January 26th – 27th Americana Sale to Feature Paper Money

stacks_vermont_half_crownOn Tuesday, January 26, all eyes in the paper money world will be focused on the first day of Stack’s New York Americana Sale. Held at the firm’s auction gallery at 110 West 57th Street, the sale (which continues with coins, tokens, and medals, through Wednesday), will commence with over 500 lots of paper.

Obsolete notes come to the fore, highlighted by major rarities, extensive proof notes, Haxby SENC and unlisted issues, and more. In addition there will be many popular and highly affordable lots—something for everyone in the field of paper money.

Among these are some highly interesting and very rare Hawaiian issues including a set of the Lahainaluna Seminary Money, and notes of New York, Maryland, and Massachusetts that include many items off the market for a long time.

Early American paper money includes Continental Currency as well as issues of the various colonies and states. Of all of the colonial issues, none is more prized than that of Vermont, which actually was not a state until 1791. A newly discovered Vermont half a crown will cause the temperature to rise in the auction room as it crosses the block. Any Vermont paper money is extremely rare, and this particular note is especially so. Lot 2559 Vermont Half Crown

Interesting fiscal paper follows, combining history and rarity, and the same can be said for a nice offering of lottery tickets. A small but interesting selection of federal notes then follows, including multiple “Bison” notes, a “Lazy Deuce,” a rare Colorado National and more. (more…)

Unique Collection of Renaissance Medals Go Under The Hammer

A. H. Baldwin & Sons Ltd are delighted to announce that they have been chosen to auction the extensive collection of Renaissance and later medals formed by the New York connoisseur and fine art collector, Michael Hall.

Hall_medal_collection_baldwinThe Michael Hall collection comprises in excess of 2000 items, making it by far the largest sale of Renaissance pieces since the Max and Maurice Rosenheim (Sotheby 1923) and Henry Oppenheimer (Christie’s 1936) sales. The first auction is scheduled for May 2010.

Before turning to the world of antiques, Michael Hall’s earlier years were spent in Hollywood. Most memorably, in 1946, he was cast as Fredric March’s son in William Wyler’s “The Best Years of our Lives”. The majority of the collection was formed in the 1960s and ‘70s, a period when Hall was living for much of the time in London.

The medals were purchased from the dealers of the day, in London and other European centres, rather than at auction. Over the ensuing years the collection has remained mostly unseen. Michael Hall gifted most of his British medals to the Los Angeles County Museum some years ago, though some important pieces were retained and will be offered in the sales. The strength of the collection is in early Italian medals, otherwise it remains very comprehensive in the medals of later Italy, France, Germany, the Holy Roman Empire and the Netherlands.

There are extensive groups of Papal medals, many of which featured in the 1981 publication Roma Resurgens, Papal Medals from the Age of the Baroque; and a group of Florentine Baroque medals that will be seen as a match to the Lankheit Collection sold by Morton & Eden (May 2003).

One of the most important pieces to be included in the first sale will be Pisanello’s cast bronze portrait medal of Cecilia Gonzaga. Antonio Pisano, called Pisanello (c. 1395 – c. 1455), was the pioneering artist who, from around 1435, turned his portraiture into a medallic format, the first artist so to do. (more…)

Ponterio & Associates Offers Extensive Selection of World Banknotes Auction This November in Baltimore

Ponterio & Associates, a division of Bowers and Merena Auctions, will bring 1,250 lots of world paper money to Baltimore, Md., as part Bowers and Merena’s Official Auction of the Whitman Coin and Collectibles Baltimore Expo scheduled for November 10-14, 2009. The auction will take place at the Baltimore Convention Center and includes an impressive world catalog presented in four sessions.

bm_bank_persiaCurrency highlights include more notes from the popular “East Bay Collection” set to cross the auction block. One of the notable countries with an impressive variety is Iran, which will be illustrated by many Imperial Bank of Persia issues, always sure to garner considerable attention. One of the highlights of the Iranian notes is a 20 Tomans 1925 Pick-15 in a strikingly original Very Fine grade.

More impressive notes will be displayed from countries of the British Commonwealth with a lovely selection of Straits Settlements highlighted by a Pick 12a Fifty Dollar note in an attractive Fine grade. Other countries of interest offering a pleasing assortment of scarce to rare notes includes Brazil, Canada, China, Columbia, Costa Rica, Danzig, Great Britain, Ireland, Italy, Russia, and Scotland. In addition, several other scarce to rare notes will be offered which include many stunning issued and specimen pieces from tough locations and issuing authorities.
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