Heritage's September Long Beach Currency Signature Auction Approaching $11 Million

Dallas, TX: The Official Auctions of the September 2007 Long Beach Coin Expo were held by Heritage Auction Galleries, and included Signature Auctions of U.S. currency ($10,486,434), U.S. coins ($11,311,996), ancient and world coins ($3,210,026), and U.S. tokens and medals ($598,946). When proceeds from Final Session Auctions of U.S. currency, U.S. coins, and ancient and world coins are concluded, plus Post Auction Buys from all events are added, total prices realized are expected to approach $27 million. This was Heritage's 61st Official Auction at Long Beach. All lot descriptions, images, and prices realized for the eleven thousand-plus lots that sold in Long Beach are currently posted at www.HA.com.

"Heritage's Long Beach Currency auctions continue to grow in scope and collector support," noted Currency Director Len Glazer. "The Legal Tender notes from the Dr. Edward & Joanne Dauer Collection were pursued by a large number of bidders seeking to own some of the finest and rarest notes on the market."

"The market continues to reward originality and rarity," added Currency Director Allen Mincho. "Across the board, from Colonials to Nationals, collectors are willing to pay record-setting prices to obtain the rarities that will help define the next generation of great collections."

September 2007 Long Beach U.S. Currency Highlights:

Lot 15306: Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25
The key Legal Tender, and one of the key pieces in all of Federal currency. From The Dr. Edward & Joanne Dauer Collection.
Realized: $805,000

Lot 15305: Fr. 185l $500 1880 Legal Tender PMG Choice Very Fine 35
Unique in collector's hands, this is one of just five Bruce-Roberts signed $500 Legals to exist. From The Dr. Edward & Joanne Dauer Collection.
Realized: $690,000

Lot 15300: Fr. 168 $100 1869 Legal Tender PMG Extremely Fine 40 EPQ
Only 26 examples are known of this Rainbow Hundred. From The Dr. Edward & Joanne Dauer Collection.
Realized: $184,000

Lot 15291: Fr. 151 $50 1869 Legal Tender PMG About Uncirculated 50
Only three of the sixty-two examples known of this Rainbow Fifty are graded higher. From The Dr. Edward & Joanne Dauer Collection.
Realized: $149,500

Lot 15055: Fr. 2221-G $5000 1934 Federal Reserve Note. PCGS Very Ch. New 64.
A well-centered and very bright $5000 note which is very close to the elusive gem grade.
Realized: $132,250

Lot 15292: Fr. 152 $50 1874 Legal Tender PMG Gem Uncirculated 65 EPQ
The finest known of the 43 examples known. From The Dr. Edward & Joanne Dauer Collection
Realized: $115,000

Lot 15612: Fr. 191 $20 1864 Compound Interest Treasury Note, PMG Choice Very Fine 35
Sold by us in January 2001 and again in February 2005 as part of our Taylor Family Collection; one of only three examples known. Ex: Grinnell; Bluestone, Boyd, Friedberg, and Amon Carter.
Realized: $92,000

Lot 15299: Fr. 167a $100 1863 Legal Tender PMG Very Fine 30
Only 22 examples of this number are known. From The Dr. Edward & Joanne Dauer Collection.
Realized: $63,250

Lot 14001: Mayville, ND - $5 1882 Brown Back Fr. 469 The First NB Ch. # 3673, Extremely Fine.
This serial number 1 example is an incredible miracle of Territorial survival, as this bank issued a mere 900 sheets of Territorial Brown Backs before beginning its state issues.
Realized: $57,500

Lot 15102: Fr. 2308 $10 1934 North Africa Silver Certificate. PCGS Choice New 63PPQ

This is, in our opinion, the finest example of this rare note with regard to originality and eye appeal.Realized: $51,750

Lot 12097: Rhode Island June 1780 6s; 10s; 20s (2); 30s (2) Very Good or Better
Very rare survivors of the mere £20,000 in notes printed after authorization by the June 1780 session of the Rhode Island General Assembly.
Realized: $46,000

Lot 15304: Fr. 179 $100 1880 Legal Tender PMG About Uncirculated 55
This PMG 55 is likely the second finest known. From The Dr. Edward & Joanne Dauer Collection
Realized: $44,563

For more information about Heritage's auctions, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HA.com.

To reserve your copy of any Heritage auction catalog, please contact Client Services at 1-800-872-6467, ext. 1150, or visit www.HA.com/Catalog to order by email.