Highest Grossing Currency Auction Ever!

$14+ Million Currency Signature Outsells U.S. Coins for the First Time as Heritage Long Beach Auctions Realize over $31.5 Million

DALLAS, TX: Heritage Auction Galleries' Long Beach Currency Signature Auction, containing 4,504 lots, enjoyed total prices realized of $14,080,508. Also at Long Beach, the U.S. Coins Signature Auction (with 6,919 lots) realized $13,320,264, and Heritage's Ancient and World Coins Signature Auction (with 2634 lots) realized $3,237,314. After Auction sales for all three Signature events are continuing to push the total prices realized higher. The Long Beach OnLine Session contained an additional 3,600 lots and realized $1,061,478, and the final tally is expected to be much closer to $32 Million.

Altogether, more than 850 consignors and 8500 bidders participated in the Sept. 13-16 auctions, Heritage's 58th Official Auction at the Long Beach Coin Expo.

"Our Currency Signature Auction was a wonderful event, to be sure," noted Jim Fitzgerald, Director of Currency Auctions. "It contained several wonderful anchor consignments, including the Dr. Edward and Joanne Dauer Collection of Treasury Notes and Gold Certificates, and the extraordinary type notes from the Troy Wiseman Collection."

Fellow Director of Currency Auctions Dustin Johnston added: "While it is incredibly exciting to see any note sell for more than a half million dollars, even more notable is that the Currency Signature Auction outsold a companion U.S. Coins Signature Auction for the first time. And along the way, we set so many world records that it will take us days to compile all the information! We didn't expect to break the world record we set in Feb. of 2005 with the Taylor Family Collection ($11,995,665), but that milestone was quickly eclipsed! This is great evidence of the strength of the currency market."

Heritage's Sept. 2006 Long Beach Currency highlights:

Lot 18669: Fr. 187k $1000 1880 Legal Tender, PMG Extremely Fine 40.
The finer of two examples available to public (of four known); estimated at "$350,000 - up"
Realized: $517,500

Lot 18659: Fr. 167b $100 1863 Legal Tender, PCGS Very Fine 25.
Joseph P. Ourdan's engraving of this design was a fitting start to Federal Currency; estimated at "$200,000 - up".
From The Jeffrey L. Olyan Collection, Part 1
Realized: $276,000

Lot 19500: Fr. 1215a $500 1882 Gold Certificate Very Good-Fine.
Unknown to collectors before its appearance at the Memphis 2000 auction, where it realized $143,000, and still the only brown seal $500 Gold known.
Realized: $276,000

Lot 19025: Fr. 341 $100 1880 Silver Certificate PMG Choice Uncirculated 64.
The appearance of this note, the only uncirculated Black-Back Hundred survivor on the market, is one of the most exciting paper money discoveries of the decade.
Realized: $253,000

Lot 18241: Fr. 1218f $1000 1882 Gold Certificate PMG Very Fine 30.
The finest known of eight examples of Fr. 1218f, and estimated at "$125,000 - up"
From The Dr. Edward and Joanne Dauer Collection
Realized: $195,500

Lot 18556: Fr. 109 $10 1880 Legal Tender Very Fine-Extremely Fine.
One of the classic rarities in U.S. paper money, only two Fr. 109's are known
Realized: $184,000

Lot 19083: Fr. 375a $20 1891 Treasury Note Fine.
One of only two examples surviving, with the other impounded in the Smithsonian Institution.
Ex: Harley Freeman; B. Max Mehl; Amon Carter
Realized: $155,250

Lot 18224: Fr. 1175a $20 1882 Gold Certificate PMG Choice Uncirculated 64 EPQ.
A beautiful triple-signature Gold Certificate bearing the printed countersignature of Thomas C. Acton, the Assistant Treasurer. One of only two uncirculated survivors, and estimated at "$100,000 - up."
From The Dr. Edward and Joanne Dauer Collection
Realized: $138,000

Lot 16343: Pueblo, CO - $50-$50-$50-$100 1902 Plain Back Fr. 678/701 The First NB Ch. # 1833 Uncut Sheet
Unique in this denomination for the bank and state, it is also one of just two high denomination uncut large size sheets known to exist from the entire country. PMG has assigned it the extraordinary grade for an uncut sheet of Gem Uncirculated 66 with the notations "Exceptional Paper Quality" as well as "Great Embossing." A magnificent uncut large size sheet, probably the finest such item in any denomination we have had the privilege of offering.
Ex: Al Overton Collection
Realized: $126,500

Lot 18221: Fr. 378 $100 1891 Treasury Note PMG Very Fine 20.
The "Open Back" $100 and $1000 Treasury Notes are classic numismatic rarities, and collectors can choose from only seven of the twelve known Open Back $100s.
From The Dr. Edward and Joanne Dauer Collection
Realized: $126,500

Lot 18065: Fr. 2308* $10 1934 North Africa Star Silver Certificate, Very Fine+
The finer of two known examples available to the public.
Realized: $120,750

Lot 19490: Fr. 1205 $100 1882 Gold Certificate Choice Very Fine.
A newly discovered example, which raises the census figure for this Friedberg number to eight.
Realized: $120,750

Lot 18216: Fr. 372 $20 1890 Treasury Note PMG Superb Gem Unc 67 EPQ.
One of six single-digit examples known, with two of those permanently impounded in Federal Reserve Bank Collections. One of only two notes in the Dauer Collection that received the lofty 67 EPQ grade.
From The Dr. Edward and Joanne Dauer Collection
Realized: $115,000

Lot 18240: Fr. 1217 $500 1922 Gold Certificate PMG Choice About Unc 58.
PMG added the comment, "Great Color" to their holder; the colors are spectacular, as are the margins, print quality and eye appeal. There is little doubt that this PMG 58 example is the finest known.
From The Dr. Edward and Joanne Dauer Collection.
Realized: $103,500

Images, descriptions, and prices realized from all of Heritage's previous auctions are available in the Permanent Auction Archives at the Heritage website, HA.com.

To reserve a copy of the catalog for any upcoming Heritage auction, please contact Nicole Jewell, c/o Heritage Auction Galleries, 3500 Maple Avenue, 17th Floor, Dallas, TX 75219, or call 1-800-872-6467, ext. 272.