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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2019年2月巴尔地摩#5-Joel集藏

Lot:4043 1882年1000美元金币流通券 PCGS Currency 35

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USD 400000 - 600000

SBP2019年2月巴尔地摩#5-Joel集藏

2019-03-01 06:00:00

2019-03-01 07:00:00

USD 3480

SBP

成交

1882年1000美元金币流通券 PCGS Currency 35
Friedberg 1218e (W-4620). 1882 $1000 Gold Certificate. PCGS Currency Very Fine 35.

Here is another magnificent rarity from the unprecedented Joel R. Anderson Collection. Just four Rosecrans-Nebeker signed 1882 $1000 Gold Certificates are known to survive while the presently offered example may be the only one in private hands. A portrait of Alexander Hamilton is at right. "GOLD" is printed in large gold inks at top center. A red scalloped Treasury Seal is near the bottom, just to the right of center. A large 1000 counter is found at left and bold blue serial numbers are within gold panels at lower left and upper right. The engraved signatures of Rosecrans and Nebeker are along the bottom frame line. The vibrant orange-gold back design is elaborate, with a bald eagle with shield at center and a large Roman numeral M counter at left.pTwo of the four recorded examples are permanently impounded in the collections of the Federal Reserve Banks of Chicago (C24675) and San Francisco (C29156). Serial number C24623 was long used as the Friedberg plate note for the catalog number, but the source of the image and whereabouts of the note are unknown. It has not been seen in decades and is possibly in an institutional collection. The presently offered note, with serial number C26834, was discovered in 2013 and first came on the market in a January 2014 auction where it realized $881,250. pThe note exhibits bold inks and vibrant colors and just a moderate degree of circulation. Full margins nicely frame this rarely seen design. The grading service makes mention of "Minor Restorations" on the back of the holder and indeed they are difficult to detect. This is almost certainly the only example of this catalog number that will be available for quite some time, if ever.strongGold Coins in 1882/strongpIn the year that the 1882 Series of Gold Certificates was authorized, gold coins were readily available in the channels of commerce. They were most popular in the American West, including the Pacific Coast and the Rocky Mountains. In the Midwest and East they were not widely seen in everyday business, but most banks had a supply on hand. Gold coins had been hoarded beginning in late December 1861 when the outcome of the Civil War was in doubt. The Confederate States of America had won many victories. Some observers, such as many political writers in England and France, predicted a win for the South. The CSA sold large quantities of bonds to eager investors in Great Britain. In addition, silver coins disappeared from commerce in the spring.ppOn December 17, 1878, gold coins achieved parity with federal paper money, and a new generation learned of coins that had not been seen for nearly 20 years. The Treasury anticipated the demand for small-denomination gold coins to be intense and ramped up production of such pieces. It turned out that there was little demand, and most gold dollars, quarter eagles, and $3 coins went into Treasury vaults. Today anyone seeking $1 and $3 coins from 1879 to 1889 will find them to be in Mint State. An Extremely Fine coin would be a great rarity! Such aspects are interesting to study.ppIn 1882 higher denomination coins were being struck at the Philadelphia, New Orleans, Carson City, and San Francisco mints. The two mints in the West obtained most of their metal from regional mines. New Orleans used Western gold as well as foreign coins that were melted. The Philadelphia Mint mainly used gold from the West and other native sources.ppThe double eagle, a denomination that made its debut in 1850, was the coin used for the vast majority of production. It was cheaper and more efficient, for example, to coin one $20 coin than four $5 pieces. Gold Certificates were backed with an equivalent value in gold coins, usually double eagles, held in Treasury vaults.ppFrom Heritage Auctions sale of January 2014, lot 17167.

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