Baltimore, MD (March 1, 2019) - The Stack’s Bowers Galleries February 28 offering of Part IV of the Joel R. Anderson Collection of United States Paper Money in Baltimore, achieved nearly $8 million. Online bidders competed with those in the room for 54 lots in this final offering, bringing the total prices realized for the Joel R. Anderson Collection to $34,126,980, and making it the most valuable United States paper money cabinet ever sold at auction. Three notes crossed the million-dollar mark and nearly a quarter of the lots exceeded $100,000.
Presented in the sale was a set of 1869 Rainbow Notes spanning all denominations from the $1 to the $1000. Sold as individual lots, these nine pieces realized a total of over $3.6 million, with the $500 and $1000 — the only examples in private hands — each bringing $1.44 million.
Among Interest Bearing Notes, an extraordinary 1863 Fr. 199 $100 in lot 4019 exceeded high estimate, selling for $204,000. A pair of 1864-dated Interest Bearing notes offered in lots 4022 and 4023 also passed the $100,000 threshold. The Fr. 212 $50 note, with a pedigree to Barney Bluestone’s 1944 sale of the Albert A. Grinnell Collection, realized $132,000. The Fr. 212a $100 note, the finest graded of only four known, brought $156,000.
The Silver Certificates offered in Part IV of the Anderson Collection culminated in the highest priced note of the evening, the only privately held example of the 1891 $1000 "Marcy Note" (lot 4037). In this note’s first-ever offering at public auction, it brought $1,920,000. Other Silver Certificate highlights included the finest graded Fr. 291 $10 "Tombstone" note that sold for $45,600 (lot 4029), an About New Fr. 328 $50 that realized $132,000 (lot 4033), and a Fr. 341 "Black Back" $100 that brought $168,000 (lot 4035).
Gold Certificates in Part IV of the Joel R. Anderson Collection were highlighted by the finest known Fr. 1166b 1863 $20 that sold for $396,000 (lot 4042). Closing out the sale were National Bank Notes, including a Serial Number 1, $10 1902 Red Seal from the First National Bank of Gary, Indiana that realized well over high estimate at $10,800 (lot 4048).
For more information on the Joel R. Anderson Collection or about Stack’s Bowers Galleries please contact Stack’s Bowers Galleries Executive Vice President Christine Karstedt at 800-458-4646 or at [email protected].
About Stack’s Bowers Galleries
Stack’s Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company’s 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.
Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Santa Ana, California, with offices in New York, Wolfeboro, Hong Kong, and Paris. Stack’s Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.