Thursday night’s March 22, 2018 landmark paper money sale of the Joel R. Anderson Collection Part I saw a number of previous price records fall as several lots achieved never before seen price realizations. In all, the 64 lots offered in Stack’s Bowers Galleries’ sale of the Joel R. Anderson Collection Part I realized $7,912,140 USD, with an incredible seven lots surpassing the $500,000 mark.
A packed auction room witnessed an incredible Fr.183c 1863 $500 Legal Tender Note graded Very Choice New 64 PPQ sell for the impressive sum of $900,000. That realization smashed the previous $621,000 record price paid for the note when it sold last in 2005.
The finest-known Fr.185m 1880 $500 Legal Tender Note, PCGS Currency graded About New 50, blew past estimates to sell for a record $504,000. The note last crossed the block for $281,750 in 2005.
One of the auction’s top grossing lots was the only privately held Fr.187b 1880 $1,000 Legal Tender Note. The PCGS Currency graded Choice About New 55 example set a record, selling for $960,000 after spirited bidding. The previous record for the note was $862,500 when it was last sold in 2008.
Also approaching the million dollar mark was the Fr.186d 1863 $1,000 Legal Tender Note graded Choice About New 58 which sold for $960,000.
So-called “Middle of the Book” notes did extremely well, with the unique Fr.207 1861 $50 Interest Bearing Note, graded Very Fine 25 by PCGS Currency, realizing an astounding $576,000. The previous price record for the note was set in 2005 when it was sold for $172,500.
The only publicly available Fr.209a 1861 $500 Interest Bearing Note brought a record $660,000 when it crossed the auction block as part of the Anderson Collection. The PCGS Currency Very Fine 25 graded note had last sold in 2005 for $299,000.
Lastly, the Fr.1218g 1882 $1,000 Gold Certificate graded Extremely Fine 40 by PCGS Currency, sold for $576,000. This note is the finest of two in private hands and had last sold for $264,500 in 2005.
Part II of the Joel R. Anderson Collection will be offered this August as part of Stack’s Bowers Galleries’ Official Currency Auction of the ANA World’s Fair of Money in Philadelphia, Pennsylvania.
For more information on the Joel R. Anderson Collection or about Stack’s Bowers Galleries please contact Stack’s Bowers Galleries President Christine Karstedt at 800-458-4646 or at [email protected].