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1880 $500 brings $441,250 to top $13.4+ million FUN currency auction
Fr. 185l $500 1880 Legal Tender PMG Choice Very Fine 35.
DALLAS, TX.- A Fr. 185l $500 1880 Legal Tender PMG Choice Very Fine 35 realized $441,250 as the top lot in Heritage Auctions' Jan. 9-14 Currency Signature® Auction , held in conjunction with the Florida United Numismatists (FUN) Convention. All prices include 17.5% Buyer's Premium.

"This beautiful note is unique in collector's hands and one of just five Bruce-Roberts signed $500 Legals to exist," said Dustin Johnston, Director of Currency at Heritage Auctions. "Of the other four, three are in the collections of Federal Reserve Banks and one resides permanently in the Smithsonian Institution, making this a very rare offering."

The note came to auction from The Greensboro Collection, which provided many of the top lots in the Heritage FUN Currency auction. The results join the more than $44.9 million realized by the Heritage U.S. Coins Auction at FUN, Jan. 9-14, in Orlando, and the more than $14 million Heritage realized at the Waldorf-Astoria in New York, where the company held its Jan. 6-7 Ancient & World Coin Signature® Auction, making for a $72+ million week overall for Heritage, the world's third largest auction house.

"Quality material continues to show up on the market and collectors continue to respond, across all areas of numismatics," said Greg Rohan, President of Heritage Auctions. "This week in January normally sets the tone for the year and, if this is any indication of collector engagement, 2013 is going to be solid."

A Fr. 1166b $20 1863 Gold Certificate PCGS Very Fine 30, an iconic piece of currency also from The Greensboro Collection, offered for the first time at auction in nearly a quarter of a century, did not disappoint when it came across the block, rising amidst spirited bidding to a final price realized of $352,500.

"Not all printed and issued United States paper money was created equal," said Johnston. "Such was the case with this note, created during the Civil War. During times of conflict, hard currency — especially gold and silver — is hoarded, so there was a need for a more prominent financial instrument to facilitate trade and, more importantly, fund the fight against the Confederacy. The Gold Certificates of 1863 were intended to bring some stability to interbank trading since they were backed by gold on deposit with the Treasury and were less subject to the increasing perils of the war. These notes, however, were actually issued between 1865 and 1869, well after the war."

Further highlights of the Heritage Currency event at FUN included one of only four Fr. 187k $1000 1880 Legal Tender notes known, this one PMG Extremely Fine 40 Net, realized $330,000, while a magnificent 1863 Fr. 167a $100 Spread Eagle Legal Tender PCGS Choice New 63 proved quite popular at $305,500 and a Fr. 341 $100 1880 Black Back Silver Certificate PMG Choice Uncirculated 64 rose quickly to $235,000. All of the above-mentioned lots came to auction via The Greensboro Collection.



Today's News

January 26, 2013

First major exhibition to showcase Manet’s portraiture opens at the Royal Academy of Arts

"Impressionism from Monet to Matisse": Columbia Museum of Art opens major Impressionist exhibition

Romanians arrested over Dutch art heist claim innocence; court denied the suspects bail

Landmark Dieter Roth exhibition inaugurates the Hauser & Wirth's new downtown space

"Primrose: Russian Colour Photography" opens at FOAM in Amsterdam

Mid-19th century Russian urn sells for a smashing $152,500 at Bonhams New York

Georges Braque and the Cubist Still Life, 1928-1945 opens at the Kemper Art Museum

"We Went Back: Photographs from Europe 1933-1956" by Chim on view at the International Center of Photography

Between Extremities: Pace presents works by exceptionally prolific artist Brian Clarke

Walters Art Museum acquires major work by African American artist Richard Seldon Duncanson

Monumental sculptures of iconic New York buildings to emerge along the Park Avenue Malls

New York based artists Sam Moyer & Elaine Cameron-Weir exhibit at Galerie Rodolphe Janssen

Public artist and landscape architect JEFRE completes the largest public art project in San Antonio

Stéphane C. presents his photographs at Pavlov's Dog, Space for Photography

Mike Eruzione's 1980 Miracle on Ice game worn jersey estimated to bring $1+ million

1880 $500 brings $441,250 to top $13.4+ million FUN currency auction

BMW Guggenheim Lab Mumbai unveils winning designs for competition to rethink busy transportation hu

Exhibition marks the bicentenary of the publication of Scott's epic poem, Rokeby

Bronx Museum presents survey of Joan Semmel's self-portraits from the last decade

New York World & Ancient Coin Auction realizes more than $14 million

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