Heritage's September Long Beach Currency Signature Auction Approaching $11 Million 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
News-Antique.com - Oct 09,2007 - 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 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:
http://www.HA.com/Coins/common/prlink.php?Sale_No=448&Lot_No=15306&type=prte-pr100107a
Lot 15306: Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25
Realized: $805,000
The key Legal Tender, and one of the key pieces in all of Federal currency. From The Dr. Edward & Joanne Dauer Collection.
http://www.HA.com/Coins/common/prlink.php?Sale_No=448&Lot_No=15305&type=prte-pr100107a
Lot 15305: Fr. 185l $500 1880 Legal Tender PMG Choice Very Fine 35
Realized: $690,000
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.
http://www.HA.com/Coins/common/prlink.php?Sale_No=448&Lot_No=15300&type=prte-pr100107a
Lot 15300: Fr. 168 $100 1869 Legal Tender PMG Extremely Fine 40 EPQ
Realized: $184,000
Only 26 examples are known of this Rainbow Hundred. From The Dr. Edward & Joanne Dauer Collection.
http://www.HA.com/Coins/common/prlink.php?Sale_No=448&Lot_No=15291&type=prte-pr100107a
Lot 15291: Fr. 151 $50 1869 Legal Tender PMG About Uncirculated 50
Realized: $149,500
Only three of the sixty-two examples known of this Rainbow Fifty are graded higher. From The Dr. Edward & Joanne Dauer Collection.
http://www.HA.com/Coins/common/prlink.php?Sale_No=448&Lot_No=15055&type=prte-pr100107a
Lot 15055: Fr. 2221-G $5000 1934 Federal Reserve Note. PCGS Very Ch. New 64.
Realized: $132,250
A well-centered and very bright $5000 note which is very close to the elusive gem grade.
The finest known of the 43 examples known. From The Dr. Edward & Joanne Dauer Collection
http://www.HA.com/Coins/common/prlink.php?Sale_No=448&Lot_No=15612&type=prte-pr100107a
Lot 15612: Fr. 191 $20 1864 Compound Interest Treasury Note, PMG Choice Very Fine 35
Realized: $92,000
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.
http://www.HA.com/Coins/common/prlink.php?Sale_No=448&Lot_No=15299&type=prte-pr100107a
Lot 15299: Fr. 167a $100 1863 Legal Tender PMG Very Fine 30
Realized: $63,250
Only 22 examples of this number are known. From The Dr. Edward & Joanne Dauer
